Checked.be · Company dossierhttps://checked.be/en/c/marles-1007809016 · as of 04-11-2026
MARLES
Active
Public limited company · founded 2024 · active for 2 yearsPlace de St Symphorien 24, 7030 Mons, BelgiumKBO/BCE: BE 1007.809.016
Summary
The computed 12-month bankruptcy probability of MARLES is 3.6% (moderate). The 2025 annual accounts show equity of €89,390 and a net result of €62,831. Its solvency ranks better than 15% of 790 sector peers (NACE 10, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Score breakdownraises riskFounded in 2024Sector: Manufacture of food products (NACE 10)Liquidity: current ratio 0.28, cash €8,970, halvedEquity €89,390 (10.2% of total assets)Show the evidence
Checked score
Score 2025
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
50/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 50% of small companies in food products (NACE 10)
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
Average
Solvency35+3
equity 10.2% of total assets
Liquidity36+2
short-term debt 34.9% · cash 1.0%
Profitability78+8
return on assets 7.2%
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
3.6%Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.5% (630 companies, NACE 10, small)
Last 24 months04-2025: 3.5%05-2025: 3.5%● unchanged vs 04-202506-2025: 3.6%▲ +0.1 percentage points vs 05-202507-2025: 4.0%▲ +0.4 percentage points vs 06-202508-2025: 4.1%▲ +0.1 percentage points vs 07-2025highest value09-2025: 1.6%▼ -2.5 percentage points vs 08-2025lowest value10-2025: 1.6%● unchanged vs 09-2025lowest value11-2025: 1.7%▲ +0.1 percentage points vs 10-202512-2025: 1.7%● unchanged vs 11-202501-2026: 1.6%▼ -0.1 percentage points vs 12-202502-2026: 1.6%● unchanged vs 01-202603-2026: 1.7%▲ +0.1 percentage points vs 02-202604-2026: 1.8%▲ +0.1 percentage points vs 03-202605-2026: 1.9%▲ +0.1 percentage points vs 04-202606-2026: 2.1%▲ +0.2 percentage points vs 05-202607-2026: 2.3%▲ +0.2 percentage points vs 06-202608-2026: 3.6%▲ +1.3 percentage points vs 07-202609-2026: 3.6%● unchanged vs 08-202610-2026: 3.6%● unchanged vs 09-202611-2026: 3.6%● unchanged vs 10-2026
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.28 (0.48 in 2024), below 1. Short-term debt is 34.9% and cash 1% of total assets. 89.8% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 (NACE 10, small). It does better than 16% of them on solvency, 35% on liquidity, 67% on profitability and 82% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 9 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
The EBIT margin is the share of each euro of revenue left from ordinary operations. The higher it is, the more room the company has to absorb a setback.
The net result is what is left after all costs and taxes. One loss year is not an alarm on its own. After several loss years in a row, it pays to find out why.
Working capital is what is left when the company pays its short-term debts with its short-term assets. Positive means it can pay its bills in the short term.
Every figure with its change against the financial year before
favourableunfavourable
Line20242025
Operating result€0.02m-€0.1m▲ 522%
Net result€0.01mwithin the sector's middle half-€0.06mwithin the sector's middle half▲ 525%
Equity€0.07mbelow the sector's middle half-€0.09mbelow the sector's middle half▲ 24.9%
Total assets€1.1mwithin the sector's middle half-€0.9mbelow the sector's middle half▼ 18.6%
Debt€1.0m-€0.8m▼ 21.7%
Working capital-€0.2mbelow the sector's middle half--€0.2mbelow the sector's middle half▲ 3.6%
Solvency6.7%below the sector's middle half-10.2%below the sector's middle half▲ 3.6pp
Current ratio0.48below the sector's middle half-0.28below the sector's middle half▼ 0.20
Return on assets (ROA)0.9%within the sector's middle half-7.2%within the sector's middle half▲ 6.2pp
Staff (FTE)8.6below the sector's middle half-11within the sector's middle half▲ 27.9%
abovewithinbelowThe sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 6.2 times that of 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €854,648
89.9%
10%
Fixed assets€768,568 ▼ 8.6%
Current assets€86,080 ▼ 58.6%
Equity and liabilities €874,574
10%
89.8%
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
2025 value · change against 2024
EBITDA
€191,966▲
2024 · €40,884
Cash flow
€142,218▲
2024 · €32,856
Quick ratio
0.23▼
2024 · 0.44
Debt to equity
8.78▼
2024 · 14.01
ROE
70.3%▲
2024 · 14.1%
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.
Staff
social balance sheet
Item
31-12-2024
31-12-2025
Employees at the balance-sheet date
19
19
full-time
2
3
part-time
17
16
in full-time equivalents
9.9
11.6
Average over the year, in full-time equivalents
8.6
11
On a permanent contract
6
10
Joined
21
32
Left
2
33
Training hours
-
46
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
fixed assets acquired
Item
2024
2025
Tangible fixed assets
€859,694
€4,962
Financial fixed assets
€3,000
€0
Depreciation and write-downs of the year
€22,797
€79,386
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 59 lines
Balance sheetCode20242025
Assets
Total assets20/58€1.1m€0.9m▼
Formation expenses20€0.03m€0.02m▼
Fixed assets21/28€0.8m€0.8m▼
Tangible fixed assets22/27€0.8m€0.8m▼
Plant, machinery and equipment23€0.2m€0.3m▲
Furniture and vehicles24€0.004m€0.005m▲
Other tangible fixed assets26€0.6m€0.5m▼
Financial fixed assets28€0.003m€0▼
Current assets29/58€0.2m€0.09m▼
Stocks and contracts in progress3€0.02m€0.01m▼
Stocks30/36€0.02m€0.01m▼
Amounts receivable within one year40/41€0.2m€0.06m▼
Trade receivables40€0.07m€0.03m▼
Other amounts receivable41€0.08m€0.02m▼
Cash at bank and in hand54/58€0.03m€0.009m▼
Deferred charges and accrued income490/1€0.005m€0.007m▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€0.9m▼
Equity10/15€0.07m€0.09m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.006m€0.006m=
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Profit (loss) carried forward14€0.004m€0.02m▲
Amounts payable17/49€1.0m€0.8m▼
Amounts payable after more than one year17€0.6m€0.5m▼
Financial debts170/4€0.6m€0.5m▼
Amounts payable within one year42/48€0.4m€0.3m▼
Current portion of amounts payable after more than one year42€0.08m€0.09m▲
Trade debts44€0.3m€0.08m▼
Suppliers440/4€0.3m€0.08m▼
Taxes, remuneration and social security45€0.04m€0.08m▲
Taxes450/3€0.005m€0.01m▲
Remuneration and social security454/9€0.04m€0.07m▲
Other amounts payable47/48€0.04m€0.05m▲
Accrued charges and deferred income492/3€0.001m€0.001m▼
Income statementCode20242025
Non-recurring operating income76A€0.001m€0.002m▲
Remuneration, social security and pensions62€0.07m€0.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.08m▲
Other operating charges640/8€0.002m€0.001m▼
Non-recurring operating charges66A€0.006m€0.003m▼
Gross operating margin9900€0.1m€0.6m▲
Operating profit (loss)9901€0.02m€0.1m▲
Financial income75/76B€0.001m€0▼
Recurring financial income75€0.001m€0▼
Financial charges65/66B€0.004m€0.02m▲
Recurring financial charges65€0.004m€0.02m▲
Profit (loss) for the period before taxes9903€0.02m€0.09m▲
Income taxes67/77€0.006m€0.03m▲
Profit (loss) for the period9904€0.01m€0.06m▲
Profit (loss) for the period to be appropriated9905€0.01m€0.06m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.01m€0.07m▲
Profit (loss) brought forward from the previous period14P-€0.004m
Transfer to equity691/2€0.006m€0▼
To the legal reserve6920€0.006m€0▼
Profit to be distributed694/7-€0.05m
Return on contributions (dividend)694-€0.05m
Social balance sheet
Average headcount (FTE)90878.611.0▲
The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
The figures are counted, not predicted. They describe the group, not MARLES.
In July 2024, 1,602 companies had the same profile as MARLES has now. Two years later, 96.6% were still going and 2.3% had gone bankrupt.
Small
2 to 5 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more
96.6%was still going
0.9%stopped otherwise
2.3%went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MARLES itself is higher: 3.6% within 12 months. It rests on far more data about MARLES than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the 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%
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%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,602 companies, not a prediction for MARLES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Administrateur groupe b · since 29-03-2024 · 6-year term from 2024 · also on the board of 11 other companies · listed in the 2025 annual accounts, filed on 14-07-2026
Administrateur groupe a · since 29-03-2024 · 6-year term from 2024 · also on the board of 9 other companies · listed in the 2025 annual accounts, filed on 14-07-2026
Administrateur groupe b · since 29-03-2024 · 6-year term from 2024 · also on the board of 10 other companies · listed in the 2025 annual accounts, filed on 14-07-2026
Administrateur groupe a · since 29-03-2024 · 6-year term from 2024 · also on the board of 17 other companies · listed in the 2025 annual accounts, filed on 14-07-2026
Current
RJ
RENMANS Rik Jeanne Vincent
Administrateur groupe b · since 29-03-2024 · listed in the 2025 annual accounts, filed on 14-07-2026
Current
Statutory auditor 1
&C
JOIRIS, ROUSSEAUX & C
Statutory auditor · since 29-03-2024 · term of 3 financial years from 2024 · listed in the 2025 annual accounts, filed on 14-07-2026
Each bar is one period in a function, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
Pre-incorporation commitments, “takeover, tous engagements contractés depuis 1er janvier 2024 par comparant ou ses représentants au présent acte au nom et pour compte société en formation” (deed in French)
Power of attorney, BOVY Jeoffrey Jules Joseph Ghislain
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 29 March 2024, MARLES was incorporated as a public limited company, with a starting capital of €61,500.12The company has filed 2 sets of annual accounts, the latest for financial year 2025.3