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MARKOREL

Active
Private limited companyfounded 2024active for 2 yearsRue Dagly 5, 4900 Spa, BelgiumKBO/BCE: BE 1007.262.549
Summary

The computed 12-month bankruptcy probability of MARKOREL is 11.3% (high). The 2024 annual accounts show negative equity (-€9,282) and a net result of -€12,282. Its solvency ranks better than 8% of 25,586 sector peers (NACE 47, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2024 annual accounts filed late (270 days) Filed on 27 April 2026, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2026-00101474.

Equity
-€9,282
Total assets
€6,768
Net result
-€12,282
Working capital
-€10,211

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €6,768
Fixed assets €929
Current assets €5,838
Equity and liabilities
Equity-€9,282
Debt€16,050
Equity is negative: debt (€16,050) exceeds the balance-sheet total (€6,768).
Key figures and ratios
2024 value
EBITDA
-€11,695
Cash flow
-€12,214
Solvency
-137.2%
Current ratio
0.36
ROA
-181.5%
Interest coverage
-22.56
Debt
€16,050
Debt ≤ 1 year
€16,050
Staff costs
€7,855
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 84.9% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
84.9% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 11.3% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 7,638 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
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€6,768
Fixed assets21/28€929
Tangible fixed assets22/27€329
Furniture and vehicles24€329
Financial fixed assets28€600
Current assets29/58€5,838
Amounts receivable within one year40/41€5,838
Trade receivables40€5,838
Equity and liabilities
Total equity and liabilities10/49€6,768
Equity10/15-€9,282
Contributions10/11€3,000
Profit (loss) carried forward14-€12,282
Amounts payable17/49€16,050
Amounts payable within one year42/48€16,050
Financial debts43€757
Credit institutions430/8€757
Trade debts44€4,579
Suppliers440/4€4,579
Taxes, remuneration and social security45€3,823
Taxes450/3€1,760
Remuneration and social security454/9€2,063
Other amounts payable47/48€6,891
Income statement Code2024
Remuneration, social security and pensions62€7,855
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68
Other operating charges640/8€82
Gross operating margin9900-€3,758
Operating profit (loss)9901-€11,764
Financial charges65/66B€518
Recurring financial charges65€518
Profit (loss) for the period before taxes9903-€12,282
Profit (loss) for the period9904-€12,282
Profit (loss) for the period to be appropriated9905-€12,282
Appropriation of the result
Profit (loss) to be appropriated9906-€12,282

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€7,855
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68
Other operating charges640/8€82
Gross operating margin9900-€3,758
Operating profit (loss)9901-€11,764
Financial charges65/66B€518
Recurring financial charges65€518
Profit (loss) for the period before taxes9903-€12,282
Profit (loss) for the period9904-€12,282
Profit (loss) for the period to be appropriated9905-€12,282
Line2024
Assets
Total assets20/58€6,768
Fixed assets21/28€929
Tangible fixed assets22/27€329
Furniture and vehicles24€329
Financial fixed assets28€600
Current assets29/58€5,838
Amounts receivable within one year40/41€5,838
Trade receivables40€5,838
Equity and liabilities
Total equity and liabilities10/49€6,768
Equity10/15-€9,282
Contributions10/11€3,000
Profit (loss) carried forward14-€12,282
Amounts payable17/49€16,050
Amounts payable within one year42/48€16,050
Financial debts43€757
Credit institutions430/8€757
Trade debts44€4,579
Suppliers440/4€4,579
Taxes, remuneration and social security45€3,823
Taxes450/3€1,760
Remuneration and social security454/9€2,063
Other amounts payable47/48€6,891
Line2024
Profit (loss) for the period9904-€12,282
+ Depreciation and write-downs630€68
Operating cash flow (approximation)-€12,214

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 micro format 27-04-2026 2026-00101474

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 508 active companies whose main activity is retail trade (NACE 47714), figures are known for 264. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.