MARKOFINA
ActiveSummary
MARKOFINA has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €441,473, of which €475,440 non-recurring income. Equity is growing by about 16% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €1.7m
- Profit
- €441,473
Why 97raises risk1 change of registered office in 24 monthslowers riskSize: total assets €2.2mFigures for financial year 2025 (filed 28-07-2026)Equity €1.7m (74.7% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 63% on solvency, 79% on liquidity, 96% on profitability and 85% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €441,473 ▲245%
- Registered office · Purpose · Amendment…Registered-office move · Purpose change…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is nearly 3.3 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €130,453 | €82,434 | €0 | - | €475,440 | - |
| Remuneration, social security and pensions62 | - | - | - | €94,296 | €70,102 | €78,517 | €81,022 | €72,818 | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €145,863 | €158,239 | €124,931 | €57,724 | €53,491 | €38,284 | €47,321 | €50,519 | ▲ 6.8% |
| Other operating charges640/8 | - | - | - | €9,963 | €8,987 | €9,003 | €9,171 | €9,064 | ▼ 1.2% |
| Non-recurring operating charges66A | - | - | - | €0 | €62 | €0 | €1,016 | €788 | ▼ 22.4% |
| Gross operating margin9900 | €494,423 | €483,288 | €481,568 | €643,837 | €468,004 | €371,183 | €319,156 | €723,761 | ▲ 127% |
| Operating profit (loss)9901 | €237,671 | €191,308 | €246,195 | €481,854 | €335,362 | €245,379 | €180,626 | €590,572 | ▲ 227% |
| Financial income75/76B | - | - | - | €6 | €82 | €10,985 | €20,967 | €20,043 | ▼ 4.4% |
| Recurring financial income75 | €12 | €21 | €10 | €6 | €82 | €10,985 | €20,967 | €20,043 | ▼ 4.4% |
| Financial charges65/66B | - | - | - | €8,236 | €7,970 | €9,621 | €16,422 | €24,994 | ▲ 52.2% |
| Recurring financial charges65 | €14,204 | €16,847 | €15,145 | €8,236 | €7,970 | €9,621 | €16,422 | €24,994 | ▲ 52.2% |
| Profit (loss) for the period before taxes9903 | €223,479 | €174,482 | €231,060 | €473,624 | €327,475 | €246,743 | €185,171 | €585,620 | ▲ 216% |
| Transfer from deferred taxes780 | - | - | - | - | €64 | €307 | €1,357 | €1,681 | ▲ 23.8% |
| Transfer to deferred taxes680 | - | - | - | €31,866 | €19,914 | €0 | - | - | - |
| Income taxes67/77 | €75,086 | €56,754 | €70,871 | €107,490 | €76,440 | €76,360 | €58,511 | €145,828 | ▲ 149% |
| Profit (loss) for the period9904 | €148,393 | €117,728 | €160,189 | €334,268 | €231,185 | €170,690 | €128,017 | €441,473 | ▲ 245% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €191 | €920 | €4,072 | €5,042 | ▲ 23.8% |
| Transfer to tax-exempt reserves689 | - | - | - | €95,599 | €59,743 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €148,211 | €117,541 | €160,189 | €238,669 | €171,633 | €171,610 | €132,089 | €446,516 | ▲ 238% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.4m | €1.2m | €1.4m | €1.7m | €2.0m | €2.2m | €2.2m | ▲ 0.2% |
| Fixed assets21/28 | €1.0m | €1.1m | €1.0m | €1.0m | €0.9m | €1.1m | €1.3m | €1.4m | ▲ 2.9% |
| Intangible fixed assets21 | €0.02m | €0.005m | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.0m | €1.1m | €1.0m | €1.0m | €0.9m | €1.1m | €1.3m | €1.4m | ▲ 2.9% |
| Land and buildings22 | - | - | - | €0.9m | €0.8m | €1.0m | €1.3m | €1.3m | ▲ 3.9% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.003m | €0.002m | €0.003m | €0.002m | ▼ 22.1% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.02m | €0.01m | €0.002m | ▼ 84.7% |
| Current assets29/58 | €0.2m | €0.3m | €0.2m | €0.4m | €0.8m | €1.0m | €0.9m | €0.9m | ▼ 3.8% |
| Amounts receivable within one year40/41 | €0.005m | €0.004m | €0.002m | €0.003m | €0.007m | €0.04m | €0.03m | €0.1m | ▲ 266% |
| Trade receivables40 | - | - | - | €0.002m | €0.001m | €0.04m | €0.03m | €0.1m | ▲ 265% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.006m | €0.003m | €0 | €185 | - |
| Current investments50/53 | - | - | - | - | - | €0.7m | €0.8m | €0.6m | ▼ 23.0% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.2m | €0.4m | €0.8m | €0.3m | €0.08m | €0.1m | ▲ 70.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.005m | €0.01m | €0.01m | €0.01m | ▼ 19.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.2m | €1.4m | €1.7m | €2.0m | €2.2m | €2.2m | ▲ 0.2% |
| Equity10/15 | €0.6m | €0.5m | €0.7m | €1.0m | €1.2m | €1.4m | €1.4m | €1.7m | ▲ 22.0% |
| Contributions10/11 | €0.3m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | - | €0.04m | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.4m | €0.4m | €0.6m | €0.9m | €1.2m | €1.3m | €1.3m | €1.6m | ▲ 23.4% |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 3.3% |
| Distributable reserves133 | - | - | - | €0.8m | €1.0m | €1.2m | €1.1m | €1.4m | ▲ 27.0% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | €0.03m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 3.4% |
| Deferred taxes168 | - | - | - | €0.03m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 3.4% |
| Amounts payable17/49 | €0.6m | €0.9m | €0.6m | €0.3m | €0.4m | €0.6m | €0.8m | €0.5m | ▼ 36.4% |
| Amounts payable after more than one year17 | €0.4m | €0.6m | €0.5m | €0.2m | €0.4m | €0.5m | €0.7m | €0.3m | ▼ 51.8% |
| Financial debts170/4 | - | - | - | €0.2m | €0.4m | €0.5m | €0.5m | €0.3m | ▼ 30.7% |
| Other amounts payable178/9 | - | - | - | €0 | - | - | €0.2m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €0.1m | €0.3m | €0.07m | €0.1m | €0.04m | €0.05m | €0.1m | €0.2m | ▲ 52.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.009m | €0.02m | €0.07m | €0.1m | ▲ 103% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.02m | €0.01m | €0.02m | €0.009m | €0.008m | €0.01m | €0.007m | €0.01m | ▲ 83.0% |
| Suppliers440/4 | - | - | - | €0.009m | €0.008m | €0.01m | €0.007m | €0.01m | ▲ 83.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.02m | €0.02m | €0.03m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.007m | €0.008m | €0.008m | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | - | - | €309 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.007m | €0.008m | €0.01m | €0.02m | ▲ 49.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,393 | €117,728 | €160,189 | €334,268 | €231,185 | €170,690 | €128,017 | €441,473 | ▲ 245% |
| + Depreciation and write-downs630 | €145,863 | €158,239 | €124,931 | €57,724 | €53,491 | €38,284 | €47,321 | €50,519 | ▲ 6.8% |
| Operating cash flow (approximation) | €294,256 | €275,967 | €285,120 | €391,992 | €284,676 | €208,974 | €175,338 | €491,993 | ▲ 181% |
| Investment in fixed assets (approximation) | - | -€218,392 | -€61,452 | €30,214 | €28,565 | -€232,814 | -€295,442 | -€88,947 | ▲ 69.9% |
| Change in cash | - | €143,282 | -€154,015 | €231,123 | €386,720 | -€534,625 | -€166,370 | €59,323 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00341563 |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00258271 |
| 31-12-2023 | micro format | 18-07-2024 | 2024-00266093 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00188931 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20111170 |
| 31-12-2020 | micro format | 12-07-2021 | 2021-33500560 |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30200517 |
| 31-12-2018 | micro format | 11-07-2019 | 2019-31100038 |
| 31-12-2017 | micro format | 16-07-2018 | 2018-32700239 |
| 31-12-2016 | micro format | 18-07-2017 | 2017-31900130 |
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €2,722 awarded · €2,722 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,854 | €1,854 |
| 2024 | 1 | €144 | €144 |
| 2023 | 1 | €301 | €301 |
| 2022 | 1 | €423 | €423 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
04-12
Gazette deed
Registered office · Purpose · Amendment of the articlesRegistered-office move · Purpose change · Power of attorney6 facts ▸
- General meeting, 28-11-2025
- Registered-office move, 8670 Koksijde,Albert I laan 99 bus 205
- Other provision, “verslag bestuurder over wijziging voorwerp, gelijktijdig als deze akte op griffie Ondernemingsrechtbank Gent,afdeling Kortrijk” (deed in Dutch)
- Purpose change
- Other provision, “formaliteiten artikel 5:101 WVV als vervuld aanzien, vergadering besluit formaliteiten als vervuld aan te zien” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38502G0047/00B000 | Flanders | 705 m² | 1 · 730 m² | 21.7 m · 1 |