MARKEY
ActiveSummary
MARKEY has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33,879 and a net result of -€24,902. Equity is shrinking by ~15% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 31% of 8113 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency58▼-34
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.88 in 2023; short-term debt: 67.1% and cash: 31.7% of total assets), and 67.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
32.9%
Return on assets
-24.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€24,902
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-04-2025, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
99 d early
2023
143 d early
2022
135 d early
2021
31 d early
2020
117 d early
2019
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 95 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€33,879▼ 42.4%
2023 · €58,781
Total assets
€103,088▲ 18.3%
2023 · €87,149
Net result
-€24,902▼ 12.4%
2023 · -€22,155
Working capital
-€23,051▼ 573%
2023 · -€3,427
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,071▲ 796%-€22,537-€21,196▲ 6.0%-€22,125▼ 4.4%-€25,000▼ 13.0%
Net result€14,045within the sector's middle half▲ 1,199%-€22,587below the sector's middle half-€21,251below the sector's middle half▲ 5.9%-€22,155below the sector's middle half▼ 4.3%-€24,902below the sector's middle half▼ 12.4%
Equity€124,774within the sector's middle half▲ 12.7%€102,187within the sector's middle half▼ 18.1%€80,936below the sector's middle half▼ 20.8%€58,781below the sector's middle half▼ 27.4%€33,879below the sector's middle half▼ 42.4%
Total assets€133,074below the sector's middle half▲ 3.8%€111,312below the sector's middle half▼ 16.4%€101,368below the sector's middle half▼ 8.9%€87,149below the sector's middle half▼ 14.0%€103,088below the sector's middle half▲ 18.3%
Debt€8,300▼ 52.7%€9,125▲ 9.9%€20,432▲ 124%€28,368▲ 38.8%€69,209▲ 144%
Working capital€46,663within the sector's middle half▲ 84.8%€31,766within the sector's middle half▼ 31.9%€11,587within the sector's middle half▼ 63.5%-€3,427within the sector's middle half-€23,051within the sector's middle half▼ 573%
Solvency93.8%above the sector's middle half▲ 7.4pp91.8%above the sector's middle half▼ 2.0pp79.8%above the sector's middle half▼ 12.0pp67.4%within the sector's middle half▼ 12.4pp32.9%within the sector's middle half▼ 34.6pp
Current ratio6.62above the sector's middle half▲ 4.184.48above the sector's middle half▼ 2.141.57within the sector's middle half▼ 2.910.88within the sector's middle half▼ 0.690.67within the sector's middle half▼ 0.21
Return on assets (ROA)10.6%within the sector's middle half▲ 9.7pp-20.3%below the sector's middle half▼ 30.8pp-21.0%below the sector's middle half▼ 0.7pp-25.4%below the sector's middle half▼ 4.5pp-24.2%below the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,000 in 2024 against €22,125 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103,088
Fixed assets
€56,930 ▼ 8.5%
Current assets
€46,158 ▲ 85.1%
Equity and liabilities €103,088
Equity
€33,879 ▼ 42.4%
Debt
€69,209 ▲ 144%
Debt's share of the balance-sheet total rises from 32.6% to 67.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€16,047▼
2023 · -€13,870
Cash flow
-€15,949▼
2023 · -€13,900
Debt to equity
2.04▲
2023 · 0.48
ROE
-73.5%▼
2023 · -37.7%
Interest coverage
-188.79▲
2023 · -462.33
Debt ≤ 1 year
€69,209▲
2023 · €28,368
Income taxes
€55
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,824 | €7,690 | €8,188 | €8,255 | €8,953 | ▲ 8.5% |
| Other operating charges640/8 | - | €1,633 | €1,678 | €1,883 | €1,940 | ▲ 3.0% |
| Gross operating margin9900 | €26,474 | -€13,214 | -€11,330 | -€11,987 | -€14,107 | ▼ 17.7% |
| Operating profit (loss)9901 | €17,071 | -€22,537 | -€21,196 | -€22,125 | -€25,000 | ▼ 13.0% |
| Financial income75/76B | - | - | - | - | €238 | - |
| Recurring financial income75 | €14 | - | - | - | €238 | - |
| Financial charges65/66B | - | €50 | €55 | €30 | €85 | ▲ 183% |
| Recurring financial charges65 | €479 | €50 | €55 | €30 | €85 | ▲ 183% |
| Profit (loss) for the period before taxes9903 | €16,606 | -€22,587 | -€21,251 | -€22,155 | -€24,847 | ▼ 12.2% |
| Income taxes67/77 | €2,561 | - | - | - | €55 | - |
| Profit (loss) for the period9904 | €14,045 | -€22,587 | -€21,251 | -€22,155 | -€24,902 | ▼ 12.4% |
| Profit (loss) for the period to be appropriated9905 | €14,045 | -€22,587 | -€21,251 | -€22,155 | -€24,902 | ▼ 12.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,074 | €111,312 | €101,368 | €87,149 | €103,088 | ▲ 18.3% |
| Fixed assets21/28 | €78,111 | €70,421 | €69,349 | €62,208 | €56,930 | ▼ 8.5% |
| Tangible fixed assets22/27 | €78,111 | €70,421 | €69,349 | €62,208 | €56,930 | ▼ 8.5% |
| Land and buildings22 | - | €61,062 | €61,365 | €54,553 | €47,741 | ▼ 12.5% |
| Plant, machinery and equipment23 | - | €9,055 | €7,984 | €7,655 | €8,134 | ▲ 6.3% |
| Furniture and vehicles24 | - | €304 | - | - | €1,055 | - |
| Current assets29/58 | €54,963 | €40,891 | €32,019 | €24,941 | €46,158 | ▲ 85.1% |
| Amounts receivable within one year40/41 | €242 | €10,685 | €1,089 | €12 | €13,476 | ▲ 112,200% |
| Trade receivables40 | - | €10,685 | €1,089 | €12 | €13,476 | ▲ 112,200% |
| Cash at bank and in hand54/58 | €54,721 | €30,206 | €30,930 | €24,929 | €32,682 | ▲ 31.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,074 | €111,312 | €101,368 | €87,149 | €103,088 | ▲ 18.3% |
| Equity10/15 | €124,774 | €102,187 | €80,936 | €58,781 | €33,879 | ▼ 42.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Reserves13 | €15,905 | €15,905 | €15,905 | €14,045 | €14,045 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €14,045 | €14,045 | €14,045 | €14,045 | = |
| Profit (loss) carried forward14 | €90,277 | €67,690 | €46,439 | €26,144 | €1,242 | ▼ 95.2% |
| Amounts payable17/49 | €8,300 | €9,125 | €20,432 | €28,368 | €69,209 | ▲ 144% |
| Amounts payable within one year42/48 | €8,300 | €9,125 | €20,432 | €28,368 | €69,209 | ▲ 144% |
| Trade debts44 | - | - | €1,008 | - | €92 | - |
| Suppliers440/4 | - | - | €1,008 | - | €92 | - |
| Taxes, remuneration and social security45 | - | €4,718 | €2,984 | €5,102 | €5,023 | ▼ 1.5% |
| Taxes450/3 | - | €4,718 | €2,984 | €5,102 | €5,023 | ▼ 1.5% |
| Other amounts payable47/48 | - | €4,407 | €16,440 | €23,266 | €64,094 | ▲ 175% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,045 | -€22,587 | -€21,251 | -€22,155 | -€24,902 | ▼ 12.4% |
| + Depreciation and write-downs630 | €7,824 | €7,690 | €8,188 | €8,255 | €8,953 | ▲ 8.5% |
| Operating cash flow (approximation) | €21,869 | -€14,897 | -€13,063 | -€13,900 | -€15,949 | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | €0 | -€7,116 | -€1,114 | -€3,675 | ▼ 230% |
| Change in cash | - | -€24,515 | €724 | -€6,001 | €7,753 | ▲ 229% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€24,902
Net result drops to -€24,902, the lowest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-12
Financial
Liquidity triplescurrent ratio 6.62
Current ratio from 2.44 to 6.62; short-term debt falls from €17,532 to €8,300.
13-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1997
Ground area
175 m²
Building footprint
85 m²
Volume, LiDAR
719 m³
Parcel 11344A0513/00L005, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ter Rivierenlaan 217, 2100 Antwerpen
since 19972.080.975.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0513/00L005 | Flanders | 175 m² | 1 · 85 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900MGQ8C9TGDVBJ07
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 35,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460104850
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.