Summary
MARLUCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.26M and a net result of €58k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 8048 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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
15 d late
2024
8 d early
2023
1 d late
2022
12 d early
2021
2 d late
2020
31 d late
2019
25 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.26M▲ 2.6%
2024 · €2.20M
Net result
€58k▼ 0.2%
2024 · €58k
Total assets
€2.31M▲ 3.4%
2024 · €2.24M
Solvency
97.8%▼ 0.7pp
2024 · 98.5%
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
Line20212022202320242025
Operating result€39k▲ 1.8%€35k▼ 11.2%€-94k€83k€86k▲ 2.8%
Net result€22k▼ 12.1%€22k▲ 1.7%€-96k€58k€58k▼ 0.2%
Equity€2.34M▲ 0.9%€2.36M▲ 0.9%€2.17M▼ 7.9%€2.20M▲ 1.5%€2.26M▲ 2.6%
Total assets€2.35M▲ 0.7%€2.36M▲ 0.8%€2.28M▼ 3.6%€2.24M▼ 2.0%€2.31M▲ 3.4%
Debt€10k▼ 26.2%€9k▼ 13.0%€111k▲ 1,178%€33k▼ 70.2%€51k▲ 53.7%
Working capital€339k▲ 7.0%€372k▲ 9.6%€365k▼ 1.7%€406k▲ 11.0%€467k▲ 15.2%
Solvency99.6%▲ 0.2pp99.6%▲ 0.1pp95.1%▼ 4.5pp98.5%▲ 3.4pp97.8%▼ 0.7pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.31M
Fixed assets
€1.81M ▲ 0.7%
Current assets
€502k ▲ 14.6%
Equity and liabilities €2.31M
Equity
€2.26M ▲ 2.6%
Debt
€51k ▲ 53.7%
Debt's share of the balance-sheet total rises from 1.5% to 2.2%. Equity and debt are higher.
Key figures and ratios
ROE
2.6%▼
2024 · 2.6%
ROA
2.5%▼
2024 · 2.6%
Debt ≤ 1 year
€35k▲
2024 · €33k
Debt > 1 year
€16k
Income taxes
€26k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6k | €4k | ▼ 39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €12k | €12k | €14k | ▲ 14.1% |
| Other operating charges640/8 | €3k | €2k | €3k | €3k | €3k | ▲ 28.8% |
| Non-recurring operating charges66A | - | - | €119k | - | - | - |
| Gross operating margin9900 | €54k | €49k | €40k | €98k | €103k | ▲ 4.9% |
| Operating profit (loss)9901 | €39k | €35k | €-94k | €83k | €86k | ▲ 2.8% |
| Financial charges65/66B | €670 | €606 | €606 | €542 | €1k | ▲ 141% |
| Recurring financial charges65 | €670 | €606 | €606 | €542 | €1k | ▲ 141% |
| Profit (loss) for the period before taxes9903 | €39k | €34k | €-94k | €83k | €84k | ▲ 1.9% |
| Income taxes67/77 | €17k | €12k | €2k | €25k | €26k | ▲ 6.9% |
| Profit (loss) for the period9904 | €22k | €22k | €-96k | €58k | €58k | ▼ 0.2% |
| Transfer from tax-exempt reserves789 | €19k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €41k | €22k | €-96k | €58k | €58k | ▼ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.35M | €2.36M | €2.28M | €2.24M | €2.31M | ▲ 3.4% |
| Fixed assets21/28 | €2.00M | €1.98M | €1.80M | €1.80M | €1.81M | ▲ 0.7% |
| Tangible fixed assets22/27 | €93k | €82k | €70k | €63k | €75k | ▲ 18.9% |
| Land and buildings22 | €85k | €75k | €66k | €57k | €47k | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €2k | €2k | ▼ 24.3% |
| Furniture and vehicles24 | €9k | €6k | €4k | €4k | €1k | ▼ 69.3% |
| Leasing and similar rights25 | - | - | - | - | €25k | - |
| Financial fixed assets28 | €1.90M | €1.90M | €1.73M | €1.73M | €1.73M | = |
| Current assets29/58 | €349k | €380k | €476k | €439k | €502k | ▲ 14.6% |
| Amounts receivable within one year40/41 | €337k | €370k | €464k | €406k | €466k | ▲ 14.7% |
| Trade receivables40 | €311k | €325k | €338k | €351k | €364k | ▲ 3.7% |
| Other amounts receivable41 | €26k | €46k | €126k | €55k | €102k | ▲ 83.9% |
| Cash at bank and in hand54/58 | €11k | €9k | €10k | €29k | €34k | ▲ 20.1% |
| Deferred charges and accrued income490/1 | €1k | €1k | €3k | €4k | €2k | ▼ 42.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.35M | €2.36M | €2.28M | €2.24M | €2.31M | ▲ 3.4% |
| Equity10/15 | €2.34M | €2.36M | €2.17M | €2.20M | €2.26M | ▲ 2.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Revaluation surpluses12 | €690k | €690k | €690k | €690k | €690k | = |
| Reserves13 | €1.57M | €1.59M | €1.50M | €1.50M | €1.56M | ▲ 3.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €1.56M | €1.58M | €1.50M | €1.50M | €1.56M | ▲ 3.9% |
| Profit (loss) carried forward14 | €73k | €74k | €-23k | €8k | €8k | ▲ 0.9% |
| Amounts payable17/49 | €10k | €9k | €111k | €33k | €51k | ▲ 53.7% |
| Amounts payable after more than one year17 | - | - | - | - | €16k | - |
| Financial debts170/4 | - | - | - | - | €16k | - |
| Amounts payable within one year42/48 | €10k | €9k | €111k | €33k | €35k | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4k | - |
| Trade debts44 | €2k | €2k | €2k | €3k | €2k | ▼ 0.8% |
| Suppliers440/4 | €2k | €2k | €2k | €3k | €2k | ▼ 0.8% |
| Taxes, remuneration and social security45 | - | - | - | €2k | €4k | ▲ 131% |
| Taxes450/3 | - | - | - | €2k | €4k | ▲ 131% |
| Other amounts payable47/48 | €8k | €7k | €108k | €29k | €25k | ▼ 14.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €22k | €-96k | €58k | €58k | ▼ 0.2% |
| + Depreciation and write-downs630 | €12k | €12k | €12k | €12k | €14k | ▲ 14.1% |
| Operating cash flow (approximation) | €34k | €34k | €-85k | €70k | €72k | ▲ 2.2% |
| Investment in fixed assets (approximation) | - | €0 | €169k | €-5k | €-26k | ▼ 418% |
| Change in cash | - | €-2k | €1k | €19k | €6k | ▼ 69.1% |
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
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 13.29
Current ratio from 4.30 to 13.29; short-term debt falls from €111k to €33k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-96k
Net result drops to €-96k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 24.49
Current ratio from 12.06 to 24.49; short-term debt falls from €26k to €13k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 1991
Ground area
1,441 m²
Building footprint
231 m²
Volume, LiDAR
1,029 m³
Parcel 44333H0072/00H002, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Haenhoutstraat 159, 9070 Destelbergen
since 19912.053.858.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44333H0072/00H002 | Flanders | 1,441 m² | 1 · 231 m² | 8.6 m · 1 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.
Similar companies · same sector, comparable size
Aionis
BE 1014.392.841
Genk · Eq €2,261,074
EVAFC
BE 0876.285.132
Zwevegem · Eq €2,261,092
INDUCAR
BE 0427.566.793
Arendonk · Eq €2,261,123
KDK Holding
BE 0661.746.767
Menen · Eq €2,260,658
JL HOLDING
BE 0834.167.138
Gent · Eq €2,261,383
Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 10,546 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
Founded30-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.