MARMA LOGISTICS
ActiveSummary
MARMA LOGISTICS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of €31,846. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 26% of 1860 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+12
Solvency48▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.68 in 2023; short-term debt: 14.7% and cash: 0.5% of total assets), and 77.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
22.9%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
5 d early
2023
32 d early
2022
15 d early
2021
45 d early
2020
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by total assets in Tienen, Transport and storage sector#4 company by equity in Tienen, Transport and storage sector
Equity
€1.7m▲ 1.8%
2023 · €1.6m
Total assets
€7.3m▼ 4.2%
2023 · €7.6m
Net result
€31,846
2023 · -€95,063
Working capital
-€327,906▲ 4.9%
2023 · -€344,775
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320232024
Operating result€81,334▲ 169%€90,563▲ 11.3%€71,964▼ 20.5%-€54,284-€116,023
Net result€17,945within the sector's middle half▲ 452%€4,649below the sector's middle half▼ 74.1%-€56,385below the sector's middle half-€95,063below the sector's middle half-€31,846within the sector's middle half
Equity€1.8mabove the sector's middle half▲ 3.2%€1.8mabove the sector's middle half=€1.7mabove the sector's middle half▼ 3.3%€1.6mabove the sector's middle half-€1.7mabove the sector's middle half▲ 1.8%
Total assets€8.6mabove the sector's middle half▲ 44.3%€8.3mabove the sector's middle half▼ 3.1%€8.0mabove the sector's middle half▼ 3.1%€7.6mabove the sector's middle half-€7.3mabove the sector's middle half▼ 4.2%
Debt€6.8m▲ 61.5%€6.5m▼ 4.0%€6.3m▼ 3.1%€6.0m-€5.6m▼ 5.8%
Working capital-€57,983below the sector's middle half▲ 69.7%-€361,229below the sector's middle half▼ 523%-€514,010below the sector's middle half▼ 42.3%-€344,775below the sector's middle half--€327,906below the sector's middle half▲ 4.9%
Solvency21.0%within the sector's middle half▼ 8.4pp21.7%within the sector's middle half▲ 0.7pp21.7%within the sector's middle half=21.5%within the sector's middle half-22.9%within the sector's middle half▲ 1.3pp
Current ratio0.93below the sector's middle half▲ 0.240.60below the sector's middle half▼ 0.340.55below the sector's middle half▼ 0.050.68below the sector's middle half-0.70below the sector's middle half▲ 0.01
Return on assets (ROA)0.2%below the sector's middle half▲ 0.2pp0.1%below the sector's middle half▼ 0.2pp-0.7%below the sector's middle half▼ 0.8pp-1.2%below the sector's middle half-0.4%within the sector's middle half▲ 1.7pp
Staff (FTE)17within the sector's middle half▲ 18.1%18.2within the sector's middle half▲ 7.1%18.2within the sector's middle half=24.1above the sector's middle half-28.5above the sector's middle half▲ 18.3%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.3m
Fixed assets
€6.6m ▼ 4.7%
Current assets
€750,574 ▲ 1.0%
Equity and liabilities €7.3m
Equity
€1.7m ▲ 1.8%
Debt
€5.6m ▼ 5.8%
Debt's share of the balance-sheet total falls from 78.5% to 77.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€619,464▲
2023 · €197,949
Cash flow
€535,288▲
2023 · €157,170
Debt to equity
3.37▼
2023 · 3.64
ROE
1.9%▲
2023 · -5.8%
Interest coverage
7.14▲
2023 · 4.79
Debt ≤ 1 year
€1.1m▼
2023 · €1.1m
Debt > 1 year
€4.6m▼
2023 · €4.9m
Income taxes
€400▼
2023 · €5,327
Staff costs
€1.6m▲
2023 · €629,688
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,678 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €903,269 | €1.1m | €629,688 | €1.6m | ▲ 147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €415,882 | €508,589 | €547,287 | €252,233 | €503,442 | ▲ 99.6% |
| Other operating charges640/8 | - | €12,837 | €143,046 | €47,577 | €53,634 | ▲ 12.7% |
| Gross operating margin9900 | €1.4m | €1.5m | €1.8m | €875,214 | €2.2m | ▲ 155% |
| Operating profit (loss)9901 | €81,334 | €90,563 | €71,964 | -€54,284 | €116,023 | ▲ 314% |
| Financial income75/76B | - | €4,969 | €3,681 | €5,915 | €2,955 | ▼ 50.0% |
| Recurring financial income75 | €18,298 | €4,969 | €3,681 | €5,915 | €2,955 | ▼ 50.0% |
| Financial charges65/66B | - | €90,883 | €63,119 | €41,367 | €86,732 | ▲ 110% |
| Recurring financial charges65 | €73,095 | €90,883 | €63,119 | €41,367 | €86,732 | ▲ 110% |
| Profit (loss) for the period before taxes9903 | €26,537 | €4,649 | €12,525 | -€89,736 | €32,246 | ▲ 136% |
| Income taxes67/77 | €8,593 | - | €68,910 | €5,327 | €400 | ▼ 92.5% |
| Profit (loss) for the period9904 | €17,945 | €4,649 | -€56,385 | -€95,063 | €31,846 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €52,045 | €4,649 | -€56,385 | -€95,063 | €31,846 | ▲ 133% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.6m | €8.3m | €8.0m | €7.6m | €7.3m | ▼ 4.2% |
| Fixed assets21/28 | €7.7m | €7.8m | €7.4m | €6.9m | €6.6m | ▼ 4.7% |
| Intangible fixed assets21 | €21,338 | €21,315 | €8,020 | €4,981 | €1,431 | ▼ 71.3% |
| Tangible fixed assets22/27 | €7.4m | €7.4m | €7.1m | €6.9m | €6.6m | ▼ 4.7% |
| Land and buildings22 | - | €6.6m | €6.4m | €6.2m | €6.0m | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €320,136 | €285,791 | €314,779 | €254,912 | ▼ 19.0% |
| Furniture and vehicles24 | - | €28,432 | €41,813 | €37,347 | €28,488 | ▼ 23.7% |
| Leasing and similar rights25 | - | €472,197 | €351,747 | €290,818 | €280,980 | ▼ 3.4% |
| Financial fixed assets28 | €350,000 | €350,000 | €350,000 | €135 | €270 | ▲ 100% |
| Current assets29/58 | €829,010 | €532,035 | €627,220 | €743,086 | €750,574 | ▲ 1.0% |
| Amounts receivable after more than one year29 | - | - | - | €350,000 | €350,000 | = |
| Other amounts receivable291 | - | - | - | €350,000 | €350,000 | = |
| Amounts receivable within one year40/41 | €427,196 | €450,535 | €506,925 | €338,782 | €339,221 | ▲ 0.1% |
| Trade receivables40 | - | €407,466 | €472,836 | €304,782 | €285,221 | ▼ 6.4% |
| Other amounts receivable41 | - | €43,070 | €34,089 | €34,000 | €54,000 | ▲ 58.8% |
| Cash at bank and in hand54/58 | €399,070 | €74,610 | €99,395 | €23,451 | €35,426 | ▲ 51.1% |
| Deferred charges and accrued income490/1 | - | €6,890 | €20,900 | €30,854 | €25,927 | ▼ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.6m | €8.3m | €8.0m | €7.6m | €7.3m | ▼ 4.2% |
| Equity10/15 | €1.8m | €1.8m | €1.7m | €1.6m | €1.7m | ▲ 1.8% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | - | - | - |
| Issued capital100 | - | €75,000 | €75,000 | - | - | - |
| Revaluation surpluses12 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €138,516 | €138,516 | €138,516 | €138,516 | €314,564 | ▲ 127% |
| Non-distributable reserves130/1 | - | €7,500 | €7,500 | - | - | - |
| Legal reserve130 | - | €7,500 | €7,500 | - | - | - |
| Distributable reserves133 | - | €131,016 | €131,016 | €138,516 | €314,564 | ▲ 127% |
| Profit (loss) carried forward14 | €291,001 | €295,650 | €239,265 | €144,202 | - | - |
| Investment grants15 | - | €22,165 | €18,803 | €17,363 | €14,506 | ▼ 16.5% |
| Amounts payable17/49 | €6.8m | €6.5m | €6.3m | €6.0m | €5.6m | ▼ 5.8% |
| Amounts payable after more than one year17 | €5.9m | €5.6m | €5.2m | €4.9m | €4.6m | ▼ 6.9% |
| Financial debts170/4 | - | €5.6m | €5.1m | €4.9m | €4.5m | ▼ 7.4% |
| Other amounts payable178/9 | - | €34,000 | €34,000 | €34,000 | €54,000 | ▲ 58.8% |
| Amounts payable within one year42/48 | €886,993 | €893,264 | €1.1m | €1.1m | €1.1m | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €522,894 | €553,580 | €535,551 | €494,319 | ▼ 7.7% |
| Trade debts44 | €178,424 | €168,159 | €231,647 | €256,127 | €218,356 | ▼ 14.7% |
| Suppliers440/4 | - | €168,159 | €231,647 | €256,127 | €218,356 | ▼ 14.7% |
| Taxes, remuneration and social security45 | - | €63,254 | €217,046 | €155,641 | €225,262 | ▲ 44.7% |
| Taxes450/3 | - | €12,324 | €130,658 | €37,954 | €31,767 | ▼ 16.3% |
| Remuneration and social security454/9 | - | €50,930 | €86,389 | €117,687 | €193,495 | ▲ 64.4% |
| Other amounts payable47/48 | - | €138,957 | €138,957 | €140,542 | €140,542 | = |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,945 | €4,649 | -€56,385 | -€95,063 | €31,846 | ▲ 133% |
| + Depreciation and write-downs630 | €415,882 | €508,589 | €547,287 | €252,233 | €503,442 | ▲ 99.6% |
| Operating cash flow (approximation) | €433,827 | €513,238 | €490,902 | €157,170 | €535,288 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€536,152 | -€191,056 | - | -€176,218 | - |
| Change in cash | - | -€324,460 | €24,785 | - | €11,976 | - |
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €31,846
Net result €31,846 after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€95,063
Net result drops to -€95,063, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Back to profitnet €3,248
Net result €3,248 after one loss-making year.
30-06
Financial
Equity above €1mEq €1.7m ▲281%
Equity rises from €458,720 to €1.7m.
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Tienen · 1 establishment unit since 2020
Ground area
2.0 ha
Building footprint
1.4 ha
Volume, LiDAR
1,270 m³
Parcel 24594C0039/00R002, Flanders · tallest building 3.1 m. Linked by address, not a title deed.
1 establishment unit
Fred Chaffartlaan 11, 3300 Tienen
since 20202.304.076.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24594C0039/00R002 | Flanders | 2.0 ha | 1 · 1.4 ha | 3.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,490 EUR awarded · 9,490 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,856 EUR | 3,856 EUR |
| 2024 | 1 | 1,524 EUR | 1,524 EUR |
| 2023 | 1 | 888 EUR | 888 EUR |
| 2022 | 1 | 3,222 EUR | 3,222 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTienen2.304.076.335
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,203. 3,308 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
Founded20-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878987670
Registered
16-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.