Equity
MARLY has made a profit in every financial year since 2007.
MARLY has made a profit in every financial year since 2007.
The result fell in 2025 from €152,259 to €54,872.
Green is investment, beige is depreciation.
Between 2012 and 2025, 56% of the full-time equivalents disappeared.
The last five annual accounts were filed 53 to 94 days before the end of the period.
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 56% of them on solvency, 38% on liquidity, 43% on profitability and 47% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 17,041 companies had the same profile as MARLY has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MARLY itself: 0.1% within 12 months.
The method was tested on the 497,447 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.
| 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 17,041 companies, not a prediction for MARLY. 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.
Liquidity is ample, with a current ratio of 1.82 (1.62 in 2024), above the usual 1.5. Short-term debt is 42.8% and cash 9% of total assets. However, 51.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 75 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Shares in 1 company, MARLY FRANCE SAS
Board & ownership| Company | ||||
|---|---|---|---|---|
| MARLY Uccle | €4.8m | €0.8m | 48.9% | 4.8 |
| ETABLISSEMENTS CASTEELS Etterbeek | €5.1m | €0.7m | 91.0% | 3.4 |
| BANDEN BUELENS EN VALENCYNS Antwerp | €4.4m | €1.1m | 81.1% | 6 |
| AUTO PARTS STEKELORUM Izegem | €3.7m | €1.0m | 86.1% | 8.1 |
| GUY GERARD Nivelles | €4.1m | €1.2m | 60.6% | 8.4 |
| AUTOLUX Torhout | €3.4m | €1.0m | 76.5% | 7.9 |
| BERTEC Nazareth-De Pinte | €3.0m | €0.7m | 55.5% | 3.5 |
These companies have the same main activity as MARLY: wholesale of motor vehicle parts and accessories (NACE 46720). They are comparable in size and age: total assets between €3m and €5.1m, founded between 1982 and 1998.
The gross margin has fallen every year since 2021. Solvency rose in 2025 from 43.0% to 48.9% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €4.2m. Estimated: probably between €2.6m and €7.1m.
Higher than 54% of 6,192 companies in 2025.
Higher than 52% of 6,112 companies in 2025.
Higher than 35% of 6,176 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
4.8m | 5.3m | 5.7m | 6.1m | 6.4m | 6.8m | 6.5m | 4.8m | 4.8m | 4.5m | 4.4m | 4.4m | 4.3m | 4.5m | 4.1m | 3.9m | 3.7m | 3.5m | 3.3m | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,962 | |
21/28 |
1.1m | 1.2m | 1.4m | 1.5m | 1.7m | 1.9m | 1.5m | 621,401 | 608,002 | 581,285 | 613,236 | 641,605 | 683,873 | 710,380 | 723,701 | 775,392 | 783,721 | 788,495 | 882,778 | |
21 |
532,766 | 652,803 | 779,741 | 887,063 | 993,895 | 1.1m | 644,992 | 146,748 | 160,029 | 123,382 | 118,539 | 133,441 | 131,679 | 151,098 | 140,629 | 113,771 | 91,170 | 111,001 | 149,031 | |
22/27 |
492,822 | 518,795 | 538,356 | 566,653 | 602,916 | 652,283 | 713,392 | 352,291 | 325,611 | 335,541 | 372,335 | 385,803 | 430,713 | 437,801 | 461,592 | 540,141 | 571,070 | 556,013 | 600,305 | |
22 |
474,107 | 492,025 | 509,942 | 527,860 | 545,778 | 563,696 | 581,614 | 205,103 | 218,296 | 231,488 | 244,680 | 257,873 | 271,065 | 284,258 | 267,457 | 279,750 | 292,044 | 304,953 | 320,029 | |
23 |
9,659 | 15,048 | 17,673 | 24,774 | 34,061 | 38,297 | 53,513 | 69,080 | 54,220 | 57,864 | 51,163 | 43,229 | 54,346 | 60,735 | 30,001 | 22,825 | 29,172 | 35,518 | 41,864 | |
24 |
9,056 | 11,722 | 10,740 | 14,018 | 23,077 | 50,291 | 78,266 | 78,108 | 53,096 | 46,189 | 76,491 | 83,542 | 97,842 | 76,821 | 126,042 | 158,819 | 135,685 | 109,646 | 149,178 | |
28 |
26,437 | 46,437 | 66,437 | 86,437 | 105,937 | 122,362 | 122,362 | 122,362 | 122,362 | 122,362 | 122,362 | 122,362 | 121,480 | 121,480 | 121,480 | 121,480 | 121,480 | 121,480 | 121,480 | |
29/58 |
3.7m | 4.1m | 4.3m | 4.6m | 4.7m | 4.9m | 5.1m | 4.2m | 4.2m | 3.9m | 3.8m | 3.8m | 3.6m | 3.8m | 3.4m | 3.1m | 3.0m | 2.8m | 2.4m | |
3 |
2.5m | 2.5m | 2.8m | 3.0m | 2.8m | 3.0m | 2.7m | 2.4m | 2.4m | 2.3m | 2.2m | 1.9m | 2.0m | 1.9m | 1.7m | 1.6m | 1.4m | 1.3m | 1.3m | |
30/36 |
2.5m | 2.5m | 2.8m | 3.0m | 2.8m | 3.0m | 2.7m | 2.4m | 2.4m | 2.3m | 2.2m | 1.9m | 2.0m | 1.9m | 1.7m | 1.6m | 1.4m | 1.3m | 1.3m | |
40/41 |
711,710 | 1.2m | 1.2m | 1.3m | 1.6m | 1.5m | 1.8m | 1.4m | 1.2m | 1.2m | 1.1m | 1.4m | 1.1m | 1.2m | 1.2m | 1.3m | 1.3m | 1.1m | 1.0m | |
40 |
679,450 | 1.2m | 1.1m | 1.2m | 1.6m | 1.5m | 1.6m | 1.3m | 1.2m | 1.1m | 1.0m | 1.4m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 996,324 | 1.0m | |
41 |
32,260 | 28,850 | 47,547 | 31,309 | 1,980 | 25,621 | 167,062 | 87,936 | 54,644 | 40,175 | 9,000 | - | 31,820 | 681 | 64,003 | 37,000 | 100,000 | 94,674 | 11,500 | |
50/53 |
728 | 50,447 | 100,255 | 100,250 | 100,250 | - | - | - | - | - | - | - | - | 60,000 | 60,000 | - | - | - | - | |
54/58 |
427,678 | 317,245 | 258,656 | 212,190 | 211,272 | 372,314 | 478,960 | 239,966 | 360,769 | 372,260 | 446,715 | 344,385 | 356,851 | 482,823 | 212,479 | 149,463 | 117,331 | 238,850 | 41,190 | |
490/1 |
34,825 | 33,283 | 39,230 | 28,138 | 29,037 | 47,504 | 92,662 | 157,944 | 140,974 | 151,578 | 141,108 | 181,951 | 147,298 | 153,503 | 116,769 | 155,946 | 167,021 | 117,431 | 58,032 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
4.8m | 5.3m | 5.7m | 6.1m | 6.4m | 6.8m | 6.5m | 4.8m | 4.8m | 4.5m | 4.4m | 4.4m | 4.3m | 4.5m | 4.1m | 3.9m | 3.7m | 3.5m | 3.3m | |
10/15 |
2.3m | 2.3m | 2.2m | 2.1m | 2.0m | 1.9m | 1.7m | 1.3m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.1m | 938,536 | 792,212 | 788,893 | 709,119 | 606,353 | |
10/11 |
312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | |
10 |
312,500 | 312,500 | 312,500 | 312,500 | 312,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | 312,500 | |
13 |
920,094 | 935,528 | 950,962 | 966,396 | 981,830 | 997,264 | 1.0m | 687,500 | 687,500 | 687,500 | 687,500 | 687,500 | 687,500 | 681,250 | 104,750 | 31,250 | 31,250 | 31,250 | 31,250 | |
130/1 |
31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | 31,250 | |
132 |
232,594 | 248,028 | 263,462 | 278,896 | 294,330 | 309,764 | 325,198 | - | - | - | - | - | - | 150,000 | 73,500 | - | - | - | - | |
133 |
656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 656,250 | 500,000 | - | - | - | - | - | |
14 |
1.1m | 1.0m | 921,885 | 807,304 | 687,941 | 564,482 | 410,627 | 258,894 | 215,674 | 181,600 | 175,836 | 159,794 | 119,874 | 86,245 | 509,100 | 435,600 | 431,605 | 351,155 | 247,713 | |
15 |
2,205 | 3,507 | 4,809 | 6,111 | - | - | - | 7,455 | 8,131 | 8,807 | 9,483 | 10,159 | 10,834 | 11,510 | 12,186 | 12,862 | 13,538 | 14,214 | 14,890 | |
16 |
97,701 | 104,184 | 110,667 | 117,151 | 123,634 | 130,117 | 136,600 | 5,005 | 5,459 | 5,913 | 6,367 | 6,820 | 7,274 | 7,728 | 8,182 | 8,636 | 9,089 | 9,543 | 9,997 | |
168 |
97,701 | 104,184 | 110,667 | 117,151 | 123,634 | 130,117 | 136,600 | 5,005 | 5,459 | 5,913 | 6,367 | 6,820 | 7,274 | 7,728 | 8,182 | 8,636 | 9,089 | 9,543 | 9,997 | |
17/49 |
2.3m | 2.9m | 3.4m | 3.9m | 4.3m | 4.8m | 4.7m | 3.6m | 3.5m | 3.3m | 3.2m | 3.3m | 3.1m | 3.4m | 3.2m | 3.1m | 3.0m | 2.8m | 2.7m | |
17 |
297,741 | 386,119 | 526,316 | 760,797 | 1.1m | 1.3m | 1.0m | 223,781 | 266,777 | 294,582 | 368,421 | 579,785 | 436,160 | 408,694 | 345,993 | 547,709 | 374,629 | 345,724 | 479,749 | |
170/4 |
297,741 | 386,119 | 526,316 | 760,797 | 1.1m | 1.3m | 1.0m | 223,781 | 266,777 | 294,582 | 368,421 | 579,785 | 436,160 | 408,694 | 345,993 | 547,709 | 374,629 | 345,724 | 479,749 | |
178/9 |
- | - | - | - | 4,562 | 58,776 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
2.0m | 2.5m | 2.9m | 3.2m | 3.2m | 3.5m | 3.6m | 3.3m | 3.3m | 3.0m | 2.9m | 2.7m | 2.7m | 3.0m | 2.8m | 2.6m | 2.6m | 2.5m | 2.2m | |
42 |
91,206 | 186,948 | 290,759 | 389,022 | 443,408 | 387,044 | 241,851 | 189,194 | 217,427 | 238,006 | 217,593 | 272,262 | 275,444 | 215,070 | 201,679 | 238,756 | 213,359 | 180,691 | 174,429 | |
43 |
1.1m | 1.6m | 1.6m | 1.6m | 1.4m | 1.8m | 1.5m | 2.0m | 1.9m | 1.9m | 1.7m | 1.6m | 1.7m | 1.8m | 1.6m | 1.1m | 1.4m | 1.3m | 745,033 | |
430/8 |
1.1m | 1.6m | 1.6m | 1.6m | 1.4m | 1.8m | 1.5m | 2.0m | 1.9m | 1.9m | 1.7m | 1.6m | 1.7m | 1.8m | 1.6m | 1.1m | 1.4m | 1.3m | 745,033 | |
44 |
802,068 | 698,542 | 925,510 | 1.1m | 1.2m | 1.2m | 1.7m | 1.1m | 1.0m | 761,373 | 752,988 | 585,384 | 547,062 | 695,605 | 728,771 | 950,301 | 716,538 | 896,508 | 1.2m | |
440/4 |
802,068 | 698,542 | 925,510 | 1.1m | 1.2m | 1.2m | 1.7m | 1.1m | 1.0m | 761,373 | 752,988 | 585,384 | 547,062 | 695,605 | 728,771 | 950,301 | 716,538 | 896,508 | 1.2m | |
45 |
70,812 | 51,043 | 47,440 | 46,673 | 59,218 | 66,235 | 66,974 | 65,867 | 114,213 | 93,034 | 141,179 | 143,010 | 101,281 | 230,782 | 111,464 | 149,266 | 112,752 | 125,397 | 135,351 | |
450/3 |
18,462 | 2,964 | - | - | 1,186 | 15,528 | 15,530 | 12,218 | 28,747 | 10,893 | 54,539 | 45,338 | 17,222 | 120,925 | 16,845 | 68,405 | 33,550 | 20,854 | 71,080 | |
454/9 |
52,350 | 48,079 | 47,440 | 46,673 | 58,032 | 50,707 | 51,444 | 53,649 | 85,467 | 82,141 | 86,640 | 97,673 | 84,059 | 109,857 | 94,619 | 80,861 | 79,202 | 104,543 | 64,271 | |
47/48 |
10,080 | 50,400 | 44,100 | 63,000 | 81,900 | 81,900 | 81,900 | - | 50,400 | 69,300 | 87,300 | 100,800 | 60,480 | 20,160 | 130,000 | 100,000 | 100,000 | - | - | |
492/3 |
665 | 7,051 | 7,013 | 4,583 | 2,384 | - | 2,490 | 841 | - | 317 | 419 | 385 | 528 | 2,500 | 24,667 | 523 | 1,897 | 4,672 | 4,443 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | 468,009 | - | - | - | - | - | - | - | - | - | - | - | 1,366 | |
9900 |
824,356 | 954,163 | 1.0m | 1.0m | 1.1m | 1.0m | 1.5m | 780,243 | 956,623 | 974,802 | 1.1m | 1.2m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.0m | 991,422 | |
62 |
366,114 | 348,086 | 396,392 | 420,743 | 406,189 | 368,989 | 367,577 | 420,243 | 514,822 | 532,574 | 581,065 | 586,495 | 588,096 | 603,199 | 560,676 | 547,211 | 513,386 | 461,385 | 495,020 | |
630 |
168,246 | 175,702 | 180,302 | 194,056 | 217,328 | 180,530 | 131,291 | 126,222 | 121,889 | 132,486 | 134,065 | 141,524 | 146,560 | 166,750 | 181,921 | 178,498 | 199,895 | 215,712 | 188,877 | |
640/8 |
91,254 | 75,685 | 82,768 | 83,772 | 94,903 | 85,863 | 91,104 | 90,615 | 85,451 | 94,727 | 102,874 | 88,335 | 87,560 | 86,573 | 77,611 | 103,966 | 81,504 | 70,367 | 45,922 | |
66A |
- | - | - | - | - | 3,908 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
198,743 | 354,691 | 343,579 | 344,046 | 387,449 | 384,931 | 874,158 | 143,163 | 234,461 | 215,014 | 268,289 | 341,071 | 306,315 | 361,975 | 404,056 | 322,669 | 393,145 | 265,819 | 261,603 | |
75/76B |
444 | 508 | 134 | 1,522 | 443 | 434 | 7,456 | 4,083 | 3,405 | 8,715 | 10,566 | 5,761 | 13,056 | 10,522 | 1,831 | 11,843 | 17,349 | 17,907 | 8,526 | |
75 |
444 | 508 | 134 | 1,522 | 443 | 434 | 7,456 | 4,083 | 3,405 | 8,715 | 10,566 | 5,761 | 13,056 | 10,522 | 1,831 | 11,843 | 17,349 | 17,907 | 8,526 | |
65/66B |
102,739 | 128,916 | 128,002 | 97,763 | 106,439 | 72,789 | 75,661 | 69,314 | 76,706 | 80,459 | 81,579 | 98,979 | 137,005 | 94,244 | 112,778 | 113,939 | 130,624 | 116,481 | 121,980 | |
65 |
82,739 | 108,916 | 108,002 | 77,763 | 86,439 | 72,789 | 75,661 | 69,314 | 76,706 | 80,459 | 81,579 | 98,979 | 137,005 | 94,244 | 112,778 | 113,939 | 130,624 | 116,481 | 121,980 | |
66B |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
96,448 | 226,283 | 215,712 | 247,805 | 281,453 | 312,576 | 805,953 | 77,931 | 161,160 | 143,270 | 197,276 | 247,853 | 182,367 | 278,253 | 293,109 | 220,573 | 279,870 | 167,244 | 149,515 | |
780 |
6,483 | 6,483 | 6,483 | 6,483 | 6,483 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
48,058 | 80,507 | 78,948 | 87,359 | 98,010 | 98,738 | 115,528 | 35,165 | 77,140 | 68,660 | 87,188 | 107,587 | 82,461 | 104,901 | 116,562 | 117,032 | 99,873 | 64,256 | 59,686 | |
9904 |
54,872 | 152,259 | 143,247 | 166,929 | 189,925 | 220,321 | 558,831 | 43,220 | 84,474 | 75,064 | 110,542 | 140,720 | 100,359 | 173,805 | 177,000 | 103,995 | 180,450 | 103,442 | 90,283 | |
789 |
15,434 | 15,434 | 15,434 | 15,434 | 15,434 | 15,434 | 4,374 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 329,572 | - | - | - | - | - | - | 76,500 | 73,500 | - | - | - | - | |
9905 |
70,306 | 167,693 | 158,681 | 182,363 | 205,359 | 235,755 | 233,633 | 43,220 | 84,474 | 75,064 | 110,542 | 140,720 | 100,359 | 97,305 | 103,500 | 103,995 | 180,450 | 103,442 | 90,283 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
1.1m | 1.1m | 965,985 | 870,304 | 769,841 | 646,382 | 492,527 | 258,894 | 266,074 | 250,900 | 270,336 | 260,594 | 186,604 | 606,405 | 539,100 | 535,600 | 531,605 | 351,155 | 247,713 | |
14P |
1.0m | 921,885 | 807,304 | 687,941 | 564,482 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,250 | 500,000 | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | 6,250 | 500,000 | - | - | - | - | - | |
694/7 |
10,080 | 50,400 | 44,100 | 63,000 | 81,900 | 81,900 | 81,900 | - | 50,400 | 69,300 | 94,500 | 100,800 | 60,480 | 20,160 | 30,000 | 100,000 | 100,000 | - | - | |
694 |
10,080 | 50,400 | 44,100 | 63,000 | 81,900 | 81,900 | 81,900 | - | 50,400 | 69,300 | 94,500 | 100,800 | 60,480 | 20,160 | 30,000 | 100,000 | 100,000 | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
4.8 | 4.9 | 6 | 6.5 | 6.3 | 6.5 | 7.4 | 6.5 | 8.3 | 8.3 | 9.6 | 8.6 | 10.1 | 10.8 | 8.9 | 8.7 | 9 | 9 | 9.6 | |
Hours worked1013 |
8,895 | 9,359 | 10,583 | 11,914 | 11,370 | 9,465 | 10,419 | 10,189 | 14,931 | 15,274 | 15,544 | 15,294 | 16,355 | 17,007 | 16,253 | 15,967 | 16,683 | 16,383 | 17,312 | |
| Document | ||||||||||||||||||||
The accounts for 12 older financial years (1995-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-06-2026 | 2026-00142238 | |
| 31-12-2024 | full format | 19-05-2025 | 2025-00098113 | |
| 31-12-2023 | full format | 21-05-2024 | 2024-00091626 | |
| 31-12-2022 | full format | 28-04-2023 | 2023-00076125 | |
| 31-12-2021 | full format | 23-05-2022 | 2022-20032388 | |
| 31-12-2020 | full format | 11-05-2021 | 2021-14000098 | |
| 31-12-2019 | full format | 11-05-2020 | 2020-11800210 | |
| 31-12-2018 | full format | 06-05-2019 | 2019-12300278 | |
| 31-12-2017 | full format | 27-04-2018 | 2018-11000510 | |
| 31-12-2016 | full format | 12-06-2017 | 2017-16300413 | |
| 31-12-2015 | full format | 01-07-2016 | 2016-25900106 | |
| 31-12-2014 | full format | 26-05-2015 | 2015-13200236 | |
| 31-12-2013 | full format | 19-05-2014 | 2014-12800259 | |
| 31-12-2012 | full format | 16-05-2013 | 2013-12200541 | |
| 31-12-2011 | full format | 09-05-2012 | 2012-11000307 | |
| 31-12-2010 | full format | 25-05-2011 | 2011-12200361 | |
| 31-12-2009 | full format | 04-06-2010 | 2010-14700296 | |
| 31-12-2008 | full format | 20-05-2009 | 2009-15200289 | |
| 31-12-2007 | full format | 14-05-2008 | 2008-13500063 | |
| 31-12-2006 | full format | 08-05-2007 | 2007-13700009 | |
| 31-12-2005 | full format | 29-05-2006 | 2006-16600523 | |
| 31-12-2004 | full format | 30-05-2005 | 2005-18004278 | |
| 31-12-2003 | full format | 18-05-2004 | 2004-15304755 | |
| 31-12-2002 | full format | 06-06-2003 | 2003-20303121 | |
| 31-12-2001 | full format | 07-06-2002 | 2002-18104306 | |
| 31-12-2000 | full format | 21-06-2001 | 2001-24503078 | |
| 31-12-1999 | full format | 15-06-2000 | 2000-22402235 | |
| 31-12-1998 | full format | 10-06-1999 | 1999-16701656 | |
| 31-12-1997 | full format | 02-06-1998 | 1998-12601312 | |
| 31-12-1996 | full format | 26-08-1997 | 1997-39304594 | |
| 31-12-1995 | full format | 01-07-1996 | 1996-28004942 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 366,988 | 530,392 | 523,881 | 538,101 | 604,777 | 565,461 | 1.0m | 269,385 | 356,350 | 347,500 | 402,354 | 482,596 | 452,875 | 528,725 | 585,976 | 501,167 | 593,040 | 481,531 | 450,480 | ||
| 223,118 | 327,961 | 323,549 | 360,985 | 407,254 | 400,851 | 690,122 | 169,442 | 206,362 | 207,550 | 244,607 | 282,244 | 246,919 | 340,555 | 358,921 | 282,492 | 380,346 | 319,154 | 279,160 | ||
| 27,774 | 34,697 | 44,683 | 54,280 | 52,478 | 587,382 | 1.2m | 143,056 | 148,607 | 115,110 | 105,696 | 105,839 | 125,875 | 177,106 | 137,943 | 185,004 | 195,122 | 128,332 | 231,238 | ||
| 110,432 | 58,590 | 46,466 | 917 | -161,042 | -106,646 | 238,994 | -120,802 | -11,492 | -74,455 | 102,330 | -12,466 | -125,972 | 270,344 | 63,016 | 32,132 | -121,519 | 197,660 | - | ||
| 1.7m | 1.6m | 1.4m | 1.4m | 1.5m | 1.5m | 1.4m | 874,575 | 888,038 | 909,935 | 947,290 | 1.1m | 890,798 | 800,048 | 593,676 | 573,687 | 390,788 | 280,563 | 217,764 | ||
| 48.9% | 43.0% | 38.2% | 34.0% | 30.8% | 27.4% | 26.6% | 26.2% | 25.7% | 26.3% | 26.8% | 26.4% | 26.5% | 24.3% | 22.9% | 20.2% | 21.0% | 20.0% | 18.3% | ||
| 1.82 | 1.62 | 1.50 | 1.45 | 1.48 | 1.42 | 1.39 | 1.26 | 1.27 | 1.30 | 1.33 | 1.42 | 1.33 | 1.27 | 1.21 | 1.22 | 1.15 | 1.11 | 1.10 | ||
| 0.58 | 0.64 | 0.54 | 0.51 | 0.60 | 0.55 | 0.65 | 0.54 | 0.53 | 0.55 | 0.58 | 0.70 | 0.59 | 0.63 | 0.59 | 0.61 | 0.62 | 0.58 | 0.51 | ||
| 1.00 | 1.28 | 1.56 | 1.88 | 2.18 | 2.58 | 2.68 | 2.81 | 2.88 | 2.79 | 2.72 | 2.79 | 2.76 | 3.11 | 3.36 | 3.94 | 3.74 | 3.99 | 4.44 | ||
| 2.4% | 6.6% | 6.5% | 8.0% | 9.6% | 11.8% | 32.2% | 3.4% | 6.9% | 6.3% | 9.3% | 12.0% | 8.9% | 15.9% | 18.9% | 13.1% | 22.9% | 14.6% | 14.9% | ||
| 1.1% | 2.9% | 2.5% | 2.7% | 3.0% | 3.2% | 8.6% | 0.9% | 1.8% | 1.7% | 2.5% | 3.2% | 2.4% | 3.9% | 4.3% | 2.7% | 4.8% | 2.9% | 2.7% | ||
| 4.44 | 4.87 | 4.85 | 6.92 | 7.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 7 | 7 |
| full-time | 4 | 4 | 5 | 6 | 6 |
| part-time | 1 | 1 | - | 1 | 1 |
| in full-time equivalents | 4.8 | 4.8 | 5 | 6.3 | 6.3 |
| 4.8 | 4.9 | 6 | 6.5 | 6.3 | |
| On a permanent contract | 5 | 5 | 5 | 7 | 7 |
| Joined | - | 2 | 0 | 3 | - |
| Left | - | 2 | 2 | 3 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €388,947 | €573,067 | €817,075 | €1.1m | €1.6m |
| Mortgages, amount registered | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 |
| €475,000 | €475,000 | €475,000 | €475,000 | €475,000 | |
| Carrying value of the mortgaged assets | €474,107 | €492,025 | €509,942 | €527,860 | €545,778 |
| €388,947 | €656,918 | €656,918 | €435,499 | €435,499 | |
| Mandates to pledge the business | - | - | - | €125,000 | €125,000 |
| Pledge on other assets, amount secured | - | €350,000 | €350,000 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,472 | €17,369 | €6,003 | €11,631 | €13,539 |
| Intangible fixed assets | €18,302 | €17,328 | €38,680 | €42,149 | €35,365 |
| Financial fixed assets | - | - | - | €500 | €3,575 |
| €168,246 | €175,702 | €180,302 | €194,056 | €217,328 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 44% lower than in 2024 and the lowest since 2018.
Debt's share of the balance-sheet total falls from 55.0% to 49.0%. Equity is higher and debt is lower.
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2022, in their own currency.
| MAISONS COMPERE WONINGEN COMPERE
registered office since 01-02-2013 · founded in 2013 |
67 FTE (2025) 0502.389.427 |
| ALAIN WIRTZ
registered office since 12-06-1990 · founded in 1990 |
total assets €13.8m (2025) 0440.572.614 |
| PDO Myrtilles
registered office since 26-05-2015 · founded in 2015 |
total assets €6.6m (2025) 0630.895.522 |
| NOUVELLE HOTELLERIE
establishment since 22-03-1994 · founded in 1994 |
1 FTE (2026) 0452.199.647 |
| ROYAL 87
registered office since 18-12-2008 · founded in 2008 · negative equity (2025) |
total assets €3.4m (2025) 0808.539.738 |
| M.P. HOLDINGS
registered office since 23-10-2013 · founded in 2013 · negative equity (2025) |
total assets €3.3m (2025) 0541.349.971 |
| A.BLAVIER srl
registered office since 19-01-2017 · founded in 2017 |
total assets €2.7m (2025) 0669.766.489 |
| SME ADVICE
registered office since 15-02-2019 · founded in 2019 |
total assets €2.2m (2025) 0720.761.864 |
| BRIUM
registered office since 24-07-2013 · founded in 2013 |
total assets €1.8m (2025) 0536.896.384 |
| PME-CONSEILS
registered office since 17-07-1987 · founded in 1987 |
12 FTE (2025) 0431.475.103 |
The network starts from the directors of MARLY. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| MARLY SA Kolonel Bourgstraat 108, 1030 Schaerbeek | 06-09-1996 | 2.113.441.542 |
| Egide Van Ophemstraat 40a registered office 1180 Uccle | 08-04-2019 | 2.287.104.008 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21911C0127/00B006 | 3,307 m² | 1 · 1,119 m² | 29.8 m · 9 |
| 21616G0176/00N002 | 2,094 m² | 1 · 2,233 m² | 19.1 m · 4 |
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