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MARKTRACK

Active
Private limited companyfounded 20233 yrs activeRue Saint-Laurent 123, 4000 Liège, BelgiumKBO/BCE: BE 0803.649.849
Summary

The annual accounts of MARKTRACK for fiscal year 2024 show a net loss of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €7,472 and a net result of -€8,824. Its solvency ranks better than 18% of 37969 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency42▼-26
Growth32
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.64 against 1.74 in 2023; short-term debt: 61% and cash: 15.7% of total assets), but 83.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
16.5%
Return on assets
-19.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 37969 sector peers (2024).
NBB · sector comparison
Position among 37969 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-03-2026, 233 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
233 d late
2023
64 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 149 days after 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MARKTRACK was incorporated on 6 July 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€7,472▼ 54.1%
2023 · €16,297
Total assets
€45,166▲ 18.3%
2023 · €38,189
Net result
-€8,824
2023 · €13,297
Working capital
€17,603▲ 8.0%
2023 · €16,297
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
Line20232024
Operating result€17,659--€2,062
Net result€13,297within the sector's middle half--€8,824below the sector's middle half
Equity€16,297below the sector's middle half-€7,472below the sector's middle half▼ 54.1%
Total assets€38,189below the sector's middle half-€45,166below the sector's middle half▲ 18.3%
Debt€21,892-€37,693▲ 72.2%
Working capital€16,297within the sector's middle half-€17,603within the sector's middle half▲ 8.0%
Solvency42.7%within the sector's middle half-16.5%below the sector's middle half▼ 26.1pp
Current ratio1.74within the sector's middle half-1.64within the sector's middle half▼ 0.11
Return on assets (ROA)34.8%above the sector's middle half--19.5%below the sector's middle half▼ 54.4pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2023: €17,659€17,659Net result 2023: €13,297€13,297Operating result 2024: -€2,062-€2,062Net result 2024: -€8,824-€8,82420232024-€10,000€0€10,000€20,000Operating result 2023: €17,659€17,700Net result 2023: €13,297€13,300Operating result 2024: -€2,062-€2,060Net result 2024: -€8,824-€8,82020232024
The operating result turns negative in 2024: a loss of €2,062 after €17,659 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €45,166
Equity €7,472 ▼ 54.1%
Debt €37,693 ▲ 72.2%
Debt's share of the balance-sheet total rises from 57.3% to 83.5%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
5.04▲
2023 · 1.34
ROE
-118.1%▼
2023 · 81.6%
Debt ≤ 1 year
€27,563▲
2023 · €21,892
Income taxes
€849▼
2023 · €4,306
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,206 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
4.1% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.8% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,206 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 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€38,189€45,166▲
Formation expenses20€0€0=
Current assets29/58€38,189€45,166▲
Amounts receivable within one year40/41€14,360€36,602▲
Trade receivables40€13,539€19,265▲
Other amounts receivable41€821€17,337▲
Cash at bank and in hand54/58€23,822€7,111▼
Deferred charges and accrued income490/1€8€1,453▲
Equity and liabilities
Total equity and liabilities10/49€38,189€45,166▲
Equity10/15€16,297€7,472▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€13,297€4,472▼
Amounts payable17/49€21,892€37,693▲
Amounts payable within one year42/48€21,892€27,563▲
Trade debts44€3,325€8,016▲
Suppliers440/4€3,325€8,016▲
Taxes, remuneration and social security45€18,567€19,547▲
Taxes450/3€18,567€19,547▲
Remuneration and social security454/9-€0
Other amounts payable47/48-€0
Accrued charges and deferred income492/3-€10,130
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,464-
Other operating charges640/8€384€440▲
Gross operating margin9900€20,507-€1,622▼
Operating profit (loss)9901€17,659-€2,062▼
Financial income75/76B€22€7▼
Recurring financial income75€22€7▼
Financial charges65/66B€78€5,921▲
Recurring financial charges65€78€5,921▲
Profit (loss) for the period before taxes9903€17,603-€7,976▼
Income taxes67/77€4,306€849▼
Profit (loss) for the period9904€13,297-€8,824▼
Profit (loss) for the period to be appropriated9905€13,297-€8,824▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,297€4,472▼
Profit (loss) brought forward from the previous period14P-€13,297

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,464--
Other operating charges640/8€384€440▲ 14.4%
Gross operating margin9900€20,507-€1,622▼ 108%
Operating profit (loss)9901€17,659-€2,062▼ 112%
Financial income75/76B€22€7▼ 68.6%
Recurring financial income75€22€7▼ 68.6%
Financial charges65/66B€78€5,921▲ 7,507%
Recurring financial charges65€78€5,921▲ 7,507%
Profit (loss) for the period before taxes9903€17,603-€7,976▼ 145%
Income taxes67/77€4,306€849▼ 80.3%
Profit (loss) for the period9904€13,297-€8,824▼ 166%
Profit (loss) for the period to be appropriated9905€13,297-€8,824▼ 166%
Line20232024Change
Assets
Total assets20/58€38,189€45,166▲ 18.3%
Formation expenses20€0€0-
Current assets29/58€38,189€45,166▲ 18.3%
Amounts receivable within one year40/41€14,360€36,602▲ 155%
Trade receivables40€13,539€19,265▲ 42.3%
Other amounts receivable41€821€17,337▲ 2,012%
Cash at bank and in hand54/58€23,822€7,111▼ 70.2%
Deferred charges and accrued income490/1€8€1,453▲ 19,276%
Equity and liabilities
Total equity and liabilities10/49€38,189€45,166▲ 18.3%
Equity10/15€16,297€7,472▼ 54.1%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€13,297€4,472▼ 66.4%
Amounts payable17/49€21,892€37,693▲ 72.2%
Amounts payable within one year42/48€21,892€27,563▲ 25.9%
Trade debts44€3,325€8,016▲ 141%
Suppliers440/4€3,325€8,016▲ 141%
Taxes, remuneration and social security45€18,567€19,547▲ 5.3%
Taxes450/3€18,567€19,547▲ 5.3%
Remuneration and social security454/9-€0-
Other amounts payable47/48-€0-
Accrued charges and deferred income492/3-€10,130-
Line20232024Change
Profit (loss) for the period9904€13,297-€8,824▼ 166%
+ Depreciation and write-downs630€2,464--
Operating cash flow (approximation)€15,761-€8,824▼ 156%
Change in cash--€16,711-

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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Timeline · acts, filings and financial milestones

2026
21-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 233 days late
2024
03-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Liège · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
718 m²
Building footprint
188 m²
Volume, LiDAR
1,791 m³
2 parcels, Wallonia · tallest building 17.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MARKTRACK
Rue Néfielt 13, 4340 AwansIT consultancy
since 20232.347.372.284
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62077B0679/00D000 Wallonia 458 m² 1 · 121 m² 7.0 m · 2 fl.
62813E0175/00F004 Wallonia 260 m² 1 · 68 m² 17.9 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 19,743 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
Founded06-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73200Market research and public opinion polling
73300Public relations and communication consultancy
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803649849
Registered 08-08-2023

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.