Marlinspike
ActiveSummary
Marlinspike has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21.35M and a net result of €2.42M. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+19
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.8M at 30 days acceptable
short-term debt: 0.4% and cash: 5.6% of total assets, and 1.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98.3%
Return on assets
11.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
89 d late
2022
92 d late
2021
31 d late
2020
92 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€21.35M▲ 7.1%
2023 · €19.93M
Total assets
€21.71M▲ 7.4%
2023 · €20.21M
Net result
€2.42M▲ 12.1%
2023 · €2.16M
Working capital
€20.03M▲ 4.9%
2023 · €19.09M
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
Line20202021202220232024
Operating result€2.99M▼ 14.9%€1.78M▼ 40.6%€4.37M▲ 146%€2.59M▼ 40.6%€2.83M▲ 9.2%
Net result€1.98M▼ 13.9%€1.36M▼ 31.3%€2.53M▲ 85.7%€2.16M▼ 14.7%€2.42M▲ 12.1%
Equity€13.88M▲ 16.7%€15.24M▲ 9.8%€17.77M▲ 16.6%€19.93M▲ 12.1%€21.35M▲ 7.1%
Total assets€14.04M▼ 2.1%€15.45M▲ 10.1%€18.03M▲ 16.7%€20.21M▲ 12.0%€21.71M▲ 7.4%
Debt€160k▼ 93.5%€211k▲ 31.4%€265k▲ 25.8%€278k▲ 4.6%€361k▲ 30.2%
Working capital€13.11M▲ 17.9%€14.22M▲ 8.5%€16.82M▲ 18.2%€19.09M▲ 13.5%€20.03M▲ 4.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.71M
Fixed assets
€1.58M ▲ 50.8%
Current assets
€20.13M ▲ 5.1%
Equity and liabilities €21.71M
Equity
€21.35M ▲ 7.1%
Debt
€361k ▲ 30.2%
Debt's share of the balance-sheet total rises from 1.4% to 1.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.89M▲
2023 · €2.64M
Cash flow
€2.48M▲
2023 · €2.20M
Debt to equity
0.02▲
2023 · 0.01
ROE
11.3%▲
2023 · 10.8%
ROA
11.1%▲
2023 · 10.7%
Interest coverage
70.38▲
2023 · -26.40
Debt ≤ 1 year
€95k▲
2023 · €62k
Income taxes
€1.02M▲
2023 · €1.00M
A ratio outside any meaningful range has been withheld (balance sheet total €21.71M, equity €21.35M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €33k | €65k | €46k | €59k | ▲ 27.3% |
| Other operating charges640/8 | - | €19k | €11k | €6k | €12k | ▲ 116% |
| Non-recurring operating charges66A | - | - | - | - | €9k | - |
| Gross operating margin9900 | €3.00M | €1.83M | €4.44M | €2.65M | €2.91M | ▲ 10.1% |
| Operating profit (loss)9901 | €2.99M | €1.78M | €4.37M | €2.59M | €2.83M | ▲ 9.2% |
| Financial income75/76B | - | €276k | €709k | €466k | €643k | ▲ 37.9% |
| Recurring financial income75 | €192k | €276k | €709k | €466k | €643k | ▲ 37.9% |
| Financial charges65/66B | - | €23k | €1.04M | €-100k | €41k | ▲ 141% |
| Recurring financial charges65 | €247k | €23k | €1.04M | €-100k | €41k | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €2.93M | €2.03M | €4.04M | €3.16M | €3.44M | ▲ 8.7% |
| Income taxes67/77 | €949k | €666k | €1.51M | €1.00M | €1.02M | ▲ 1.3% |
| Profit (loss) for the period9904 | €1.98M | €1.36M | €2.53M | €2.16M | €2.42M | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €1.98M | €1.36M | €2.53M | €2.16M | €2.42M | ▲ 12.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.04M | €15.45M | €18.03M | €20.21M | €21.71M | ▲ 7.4% |
| Fixed assets21/28 | €890k | €1.21M | €1.20M | €1.05M | €1.58M | ▲ 50.8% |
| Tangible fixed assets22/27 | €29k | €282k | €219k | €102k | €580k | ▲ 467% |
| Land and buildings22 | - | €8k | €6k | €5k | €521k | ▲ 11,124% |
| Plant, machinery and equipment23 | - | €1k | €604 | €132 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €266k | €208k | €96k | €59k | ▼ 38.9% |
| Other tangible fixed assets26 | - | €7k | €4k | €2k | €858 | ▼ 50.0% |
| Financial fixed assets28 | €860k | €925k | €977k | €946k | €1.00M | ▲ 5.8% |
| Current assets29/58 | €13.15M | €14.24M | €16.84M | €19.16M | €20.13M | ▲ 5.1% |
| Amounts receivable within one year40/41 | €152k | €97k | €152k | €243k | €45k | ▼ 81.7% |
| Trade receivables40 | - | €1k | €5k | €96k | €4k | ▼ 95.5% |
| Other amounts receivable41 | - | €96k | €147k | €147k | €40k | ▼ 72.7% |
| Current investments50/53 | €8.49M | €8.87M | €11.45M | €16.72M | €18.78M | ▲ 12.3% |
| Cash at bank and in hand54/58 | €4.47M | €5.23M | €5.19M | €2.13M | €1.22M | ▼ 42.6% |
| Deferred charges and accrued income490/1 | - | €49k | €42k | €65k | €82k | ▲ 24.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.04M | €15.45M | €18.03M | €20.21M | €21.71M | ▲ 7.4% |
| Equity10/15 | €13.88M | €15.24M | €17.77M | €19.93M | €21.35M | ▲ 7.1% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €13.86M | €15.22M | €17.75M | €19.91M | €21.33M | ▲ 7.1% |
| Non-distributable reserves130/1 | - | €218k | €218k | €218k | €218k | = |
| Reserves not available under the articles1311 | - | €218k | €218k | €218k | €218k | = |
| Distributable reserves133 | - | €15.00M | €17.53M | €19.69M | €21.11M | ▲ 7.2% |
| Profit (loss) carried forward14 | €14k | €14k | €14k | €14k | €14k | = |
| Amounts payable17/49 | €160k | €211k | €265k | €278k | €361k | ▲ 30.2% |
| Amounts payable within one year42/48 | €37k | €19k | €22k | €62k | €95k | ▲ 51.4% |
| Trade debts44 | €4k | €2k | €4k | €3k | €59k | ▲ 2,207% |
| Suppliers440/4 | - | €2k | €4k | €3k | €59k | ▲ 2,207% |
| Taxes, remuneration and social security45 | - | €5k | €4k | €60k | €35k | ▼ 41.1% |
| Taxes450/3 | - | €5k | €4k | €60k | €35k | ▼ 41.1% |
| Remuneration and social security454/9 | - | €384 | €0 | - | - | - |
| Other amounts payable47/48 | - | €12k | €14k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €192k | €243k | €215k | €267k | ▲ 24.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.98M | €1.36M | €2.53M | €2.16M | €2.42M | ▲ 12.1% |
| + Depreciation and write-downs630 | €6k | €33k | €65k | €46k | €59k | ▲ 27.3% |
| Operating cash flow (approximation) | €1.99M | €1.39M | €2.59M | €2.20M | €2.48M | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | €-350k | €-54k | €102k | €-591k | ▼ 681% |
| Change in cash | - | €764k | €-38k | €-3.07M | €-906k | ▲ 70.5% |
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
2026
03-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 1 april 2026
- Registered-office move, Louizalaan 480 bus 2, 1050 Elsene
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 89 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 92 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €1.36M ▼31.3%
Net result drops to €1.36M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 765.21
Current ratio from 355.36 to 765.21; short-term debt falls from €37k to €19k.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 92 days late
2020
31-12
Financial
Liquidity times 60current ratio 355.36
Current ratio from 5.92 to 355.36; short-term debt falls from €2.26M to €37k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 328 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have 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
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2001
Ground area
2,791 m²
Building footprint
1,235 m²
Volume, LiDAR
89,309 m³
Parcel 21822R0227/00V003, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
268
companies at this address
See who is registered here
1 establishment unit
Louizalaan 480/9, 1050 Brussel
since 20012.294.473.335
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 fl. |
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
Legal Entity Identifier
9676000ZU8LF6KE69K19
Similar companies · same sector, comparable size
S. SABLON
BE 0458.482.475
Veurne · Eq €16.33M
Alain Huyghe
BE 0460.215.411
Beersel · Eq €14.75M
Peter Verhaeghe
BE 0466.342.544
Grimbergen · Eq €14.61M
Davy Gorselé Advocaat
BE 0812.028.174
Zandhoven · Eq €11.29M
DOMINIQUE MAES
BE 0869.814.638
Beersel · Eq €8.95M
Of 22,069 companies in sector 69101 we hold annual accounts for 9,052. 183 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
Founded06-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.