MARLES
ActiveSummary
The computed 12-month bankruptcy probability of MARLES is 2.3% (moderate). The 2025 annual accounts show equity of €89,390 and a net result of €62,831. Its solvency ranks better than 16% of 646 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+8
Solvency35▲+3
Growth78
Track record82
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.48 in 2024; short-term debt: 34.9% and cash: 1% of total assets), and 89.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.2%
Return on assets
7.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 646 sector peers (2025).
NBB · sector comparisonPosition among 646 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
17 d early
2024
on the day
← 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 9 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€62,831▲ 525%
2024 · €10,059
Working capital
-€219,328▲ 3.6%
2024 · -€227,472
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€18,087-€112,580▲ 522%
Net result€10,059-€62,831▲ 525%
Equity€71,559-€89,390▲ 24.9%
Total assets€1.1m-€874,574▼ 18.6%
Debt€1.0m-€785,184▼ 21.7%
Working capital-€227,472--€219,328▲ 3.6%
Staff (FTE)8.6-11▲ 27.9%
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 522% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €854,648
Fixed assets
€768,568 ▼ 8.6%
Current assets
€86,080 ▼ 58.6%
Equity and liabilities €874,574
Equity
€89,390 ▲ 24.9%
Debt
€785,184 ▼ 21.7%
Debt's share of the balance-sheet total falls from 93.3% to 89.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€191,966▲
2024 · €40,884
Cash flow
€142,218▲
2024 · €32,856
Current ratio
0.28▼
2024 · 0.48
Quick ratio
0.23▼
2024 · 0.44
Debt to equity
8.78▼
2024 · 14.01
ROE
70.3%▲
2024 · 14.1%
ROA
7.2%▲
2024 · 0.9%
Interest coverage
8.28▼
2024 · 10.87
Debt ≤ 1 year
€305,409▼
2024 · €435,591
Debt > 1 year
€479,118▼
2024 · €565,947
Income taxes
€26,577▲
2024 · €5,500
Staff costs
€446,899▲
2024 · €74,293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €950 | €2,416 | ▲ 154% |
| Remuneration, social security and pensions62 | €74,293 | €446,899 | ▲ 502% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,797 | €79,386 | ▲ 248% |
| Other operating charges640/8 | €1,637 | €1,075 | ▼ 34.3% |
| Non-recurring operating charges66A | €5,510 | €3,138 | ▼ 43.0% |
| Gross operating margin9900 | €122,325 | €643,078 | ▲ 426% |
| Operating profit (loss)9901 | €18,087 | €112,580 | ▲ 522% |
| Financial income75/76B | €1,233 | €0 | ▼ 100% |
| Recurring financial income75 | €1,233 | €0 | ▼ 100% |
| Financial charges65/66B | €3,762 | €23,171 | ▲ 516% |
| Recurring financial charges65 | €3,762 | €23,171 | ▲ 516% |
| Profit (loss) for the period before taxes9903 | €15,559 | €89,408 | ▲ 475% |
| Income taxes67/77 | €5,500 | €26,577 | ▲ 383% |
| Profit (loss) for the period9904 | €10,059 | €62,831 | ▲ 525% |
| Profit (loss) for the period to be appropriated9905 | €10,059 | €62,831 | ▲ 525% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.1m | €874,574 | ▼ 18.6% |
| Formation expenses20 | €25,130 | €19,926 | ▼ 20.7% |
| Fixed assets21/28 | €840,788 | €768,568 | ▼ 8.6% |
| Tangible fixed assets22/27 | €837,788 | €768,568 | ▼ 8.3% |
| Plant, machinery and equipment23 | €239,451 | €275,848 | ▲ 15.2% |
| Furniture and vehicles24 | €4,104 | €5,122 | ▲ 24.8% |
| Other tangible fixed assets26 | €594,234 | €487,598 | ▼ 17.9% |
| Financial fixed assets28 | €3,000 | €0 | ▼ 100% |
| Current assets29/58 | €208,119 | €86,080 | ▼ 58.6% |
| Stocks and contracts in progress3 | €17,574 | €14,329 | ▼ 18.5% |
| Stocks30/36 | €17,574 | €14,329 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €157,779 | €55,844 | ▼ 64.6% |
| Trade receivables40 | €73,414 | €33,249 | ▼ 54.7% |
| Other amounts receivable41 | €84,365 | €22,595 | ▼ 73.2% |
| Cash at bank and in hand54/58 | €28,257 | €8,970 | ▼ 68.3% |
| Deferred charges and accrued income490/1 | €4,509 | €6,937 | ▲ 53.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.1m | €874,574 | ▼ 18.6% |
| Equity10/15 | €71,559 | €89,390 | ▲ 24.9% |
| Contributions10/11 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €3,909 | €21,740 | ▲ 456% |
| Amounts payable17/49 | €1.0m | €785,184 | ▼ 21.7% |
| Amounts payable after more than one year17 | €565,947 | €479,118 | ▼ 15.3% |
| Financial debts170/4 | €565,947 | €479,118 | ▼ 15.3% |
| Amounts payable within one year42/48 | €435,591 | €305,409 | ▼ 29.9% |
| Current portion of amounts payable after more than one year42 | €84,053 | €86,830 | ▲ 3.3% |
| Trade debts44 | €266,850 | €83,652 | ▼ 68.7% |
| Suppliers440/4 | €266,850 | €83,652 | ▼ 68.7% |
| Taxes, remuneration and social security45 | €40,219 | €81,937 | ▲ 104% |
| Taxes450/3 | €4,999 | €11,572 | ▲ 132% |
| Remuneration and social security454/9 | €35,220 | €70,364 | ▲ 99.8% |
| Other amounts payable47/48 | €44,470 | €52,991 | ▲ 19.2% |
| Accrued charges and deferred income492/3 | €940 | €658 | ▼ 30.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,059 | €62,831 | ▲ 525% |
| + Depreciation and write-downs630 | €22,797 | €79,386 | ▲ 248% |
| Operating cash flow (approximation) | €32,856 | €142,218 | ▲ 333% |
| Investment in fixed assets (approximation) | - | -€7,166 | - |
| Change in cash | - | -€19,287 | - |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mons · 2 establishment units since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place de St Symphorien 247030 MonsGround area
2,493 m²
Parcel 55030B0190/00A000, Wallonia. Linked by address, not a title deed.
2 establishment units
MARLES
since 20242.359.222.518
boulangerie louise
since 20242.364.066.281
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55030B0190/00A000 | Wallonia | 2,493 m² | - | - |
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
Food safety, FASFC
1 site · 1 with a smileyLessines2.364.066.281
Similar companies · same sector, comparable size
FIRAT
BE 0649.872.779
Antwerpen · Eq €89,227
BLOOP COOKIES
BE 1023.328.818
Arlon · Eq €89,596
Bakkerij Venus J
BE 0745.629.102
Niel · Eq €89,715
JEZZAR
BE 0822.574.054
Koekelberg · Eq €89,738
Oud Huis Deman
BE 0693.850.106
Brugge · Eq €89,775
Of 4,225 companies in sector 10712 we hold annual accounts for 1,872. 1,597 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.