Summary
MARMAXEMI 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 €1.0m and a net result of €309,896. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 8211 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Activities of holding companies
NACE 64210Holdings NACE 64200NACE 74151
#3 company by equity in Andenne, Finance and insurance sector2 sites
How big
€1.2mtotal assets 2025
- Equity
- €1.0m
- Profit
- €309,896
Financially healthy?
Financial institution: outside the modelProbability: sector outside the model
Who decides
Accounts 22 d early0 of 6 deeds read
SignalsLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
44 d early
2023
36 d late
2022
4 d early
2021
72 d early
2020
36 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 9 July (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2018net €309,896 ▲561%
- Liquidity times 10current ratio 1.63
Financials
Fiscal year 2025Total assets €1.2mProfit €309,896Solvency 86.9%Liquidity 1.63
Total assets
€1.2m▼ 1.0%
2018 - 2025
Net result
€309,896▲ 561%
2018 - 2025
Equity
€1.0m▲ 42.2%
2018 - 2025
Solvency
86.9%▲ 26.4pp
2018 - 2025
Financials · fiscal year 2025, micro schema
In the rankings
#3 company by equity in Andenne, Finance and insurance sector#4 oldest company in Andenne, Finance and insurance sector#7 company by total assets in Andenne, Finance and insurance sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.06m▼ 29.4%€0.08m▲ 37.1%€0.08m▲ 2.8%€0.07m▼ 21.9%€0.01m▼ 77.4%
Net result€0.05mwithin the sector's middle half▼ 40.1%€0.06mwithin the sector's middle half▲ 18.3%€0.06mwithin the sector's middle half▲ 1.0%€0.05mwithin the sector's middle half▼ 21.8%€0.3mabove the sector's middle half▲ 561%
Equity€0.6mabove the sector's middle half▲ 9.7%€0.6mabove the sector's middle half▲ 10.5%€0.7mwithin the sector's middle half▲ 9.6%€0.7mabove the sector's middle half▲ 6.7%€1.0mabove the sector's middle half▲ 42.2%
Total assets€1.2mabove the sector's middle half▼ 2.1%€1.2mabove the sector's middle half▼ 2.1%€1.2mbelow the sector's middle half▼ 0.6%€1.2mabove the sector's middle half▲ 3.5%€1.2mabove the sector's middle half▼ 1.0%
Debt€0.6m▼ 10.8%€0.5m▼ 13.3%€0.5m▼ 12.2%€0.5m▼ 0.9%€0.2m▼ 67.3%
Working capital-€0.3mbelow the sector's middle half▲ 10.5%-€0.3mbelow the sector's middle half▼ 20.0%-€0.3mwithin the sector's middle half▲ 2.4%-€0.3mbelow the sector's middle half▲ 13.2%€0.02mwithin the sector's middle half
Solvency47.2%within the sector's middle half▲ 5.1pp53.3%within the sector's middle half▲ 6.1pp58.7%within the sector's middle half▲ 5.4pp60.5%within the sector's middle half▲ 1.8pp86.9%above the sector's middle half▲ 26.4pp
Current ratio0.16below the sector's middle half▼ 0.040.03below the sector's middle half▼ 0.130.01below the sector's middle half▼ 0.020.16below the sector's middle half▲ 0.151.63within the sector's middle half▲ 1.47
Return on assets (ROA)4.2%within the sector's middle half▼ 2.6pp5.0%within the sector's middle half▲ 0.9pp5.1%within the sector's middle half▲ 0.1pp3.9%within the sector's middle half▼ 1.3pp25.9%within the sector's middle half▲ 22.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▼ 0.8%
Current assets
€50,515 ▼ 6.8%
Equity and liabilities €1.2m
Equity
€1.0m ▲ 42.2%
Debt
€156,450 ▼ 67.3%
Debt's share of the balance-sheet total falls from 39.5% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
ROE
29.8%▲
2024 · 6.4%
Debt ≤ 1 year
€31,037▼
2024 · €342,615
Debt > 1 year
€125,412▼
2024 · €135,412
Income taxes
€4,912▼
2024 · €18,844
Staff costs
€103,798▲
2024 · €96,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €750 | - | - |
| Remuneration, social security and pensions62 | €22,922 | €23 | - | €96,723 | €103,798 | ▲ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,088 | €17,466 | €9,487 | €9,075 | €9,020 | ▼ 0.6% |
| Other operating charges640/8 | €2,136 | €1,016 | €1,220 | €448 | €832 | ▲ 85.6% |
| Gross operating margin9900 | €96,946 | €100,471 | €94,983 | €172,064 | €128,540 | ▼ 25.3% |
| Operating profit (loss)9901 | €59,799 | €81,965 | €84,275 | €65,817 | €14,889 | ▼ 77.4% |
| Financial income75/76B | - | - | - | - | €300,000 | - |
| Recurring financial income75 | - | - | - | - | €300,000 | - |
| Financial charges65/66B | €332 | €248 | €154 | €84 | €81 | ▼ 2.5% |
| Recurring financial charges65 | €332 | €248 | €154 | €84 | €81 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | €59,467 | €81,718 | €84,121 | €65,734 | €314,807 | ▲ 379% |
| Income taxes67/77 | €9,285 | €22,375 | €24,166 | €18,844 | €4,912 | ▼ 73.9% |
| Profit (loss) for the period9904 | €50,183 | €59,343 | €59,955 | €46,890 | €309,896 | ▲ 561% |
| Profit (loss) for the period to be appropriated9905 | €50,183 | €59,343 | €59,955 | €46,890 | €309,896 | ▲ 561% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Fixed assets21/28 | €1.1m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 0.8% |
| Intangible fixed assets21 | €0.01m | €0.03m | €0.03m | €0.02m | €0.01m | ▼ 43.1% |
| Tangible fixed assets22/27 | €0.01m | €0.001m | €0.001m | €0.001m | €282 | ▼ 66.7% |
| Furniture and vehicles24 | €0.01m | €0.001m | €0.001m | €0.001m | €282 | ▼ 66.7% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €0.06m | €0.01m | €0.004m | €0.05m | €0.05m | ▼ 6.8% |
| Amounts receivable within one year40/41 | €0.05m | €0.003m | €0.002m | €0.05m | €0.04m | ▼ 11.6% |
| Trade receivables40 | €0.05m | - | €0.002m | €0.05m | - | - |
| Other amounts receivable41 | €232 | €0.003m | - | €5 | €0.04m | ▲ 905,888% |
| Cash at bank and in hand54/58 | €0.002m | €0.004m | €0.001m | €0.002m | €0.004m | ▲ 91.9% |
| Deferred charges and accrued income490/1 | €457 | €0.003m | €0.001m | €0.002m | €0.003m | ▲ 15.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▼ 1.0% |
| Equity10/15 | €0.6m | €0.6m | €0.7m | €0.7m | €1.0m | ▲ 42.2% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves not available under the articles1311 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | -€0.006m | €0.05m | €0.1m | €0.2m | €0.5m | ▲ 194% |
| Amounts payable17/49 | €0.6m | €0.5m | €0.5m | €0.5m | €0.2m | ▼ 67.3% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 7.4% |
| Financial debts170/4 | €0.009m | - | - | - | - | - |
| Other amounts payable178/9 | €0.3m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 7.4% |
| Amounts payable within one year42/48 | €0.3m | €0.4m | €0.3m | €0.3m | €0.03m | ▼ 90.9% |
| Current portion of amounts payable after more than one year42 | €0.008m | €0.008m | - | - | - | - |
| Trade debts44 | €35 | €382 | €0.003m | €305 | €0.002m | ▲ 465% |
| Suppliers440/4 | €35 | €382 | €0.003m | €305 | €0.002m | ▲ 465% |
| Taxes, remuneration and social security45 | €0.01m | €0.04m | €0.04m | €0.03m | €0.008m | ▼ 74.5% |
| Taxes450/3 | €0.01m | €0.04m | €0.04m | €0.02m | €0.006m | ▼ 72.2% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.002m | ▼ 79.4% |
| Other amounts payable47/48 | €0.3m | €0.3m | €0.3m | €0.3m | €0.02m | ▼ 93.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,183 | €59,343 | €59,955 | €46,890 | €309,896 | ▲ 561% |
| + Depreciation and write-downs630 | €12,088 | €17,466 | €9,487 | €9,075 | €9,020 | ▼ 0.6% |
| Operating cash flow (approximation) | €62,271 | €76,809 | €69,442 | €55,965 | €318,916 | ▲ 470% |
| Investment in fixed assets (approximation) | - | -€37,092 | -€9,009 | €0 | €0 | - |
| Change in cash | - | €1,946 | -€2,760 | €926 | €1,778 | ▲ 92.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 12,589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 09-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €309,896 ▲561%
Net result €309,896, the highest in the series.
31-12
Financial
Liquidity times 10current ratio 1.63
Current ratio from 0.16 to 1.63; short-term debt falls from €342,615 to €31,037.
31-12
Financial
Equity above €1mEq €1.0m ▲42.2%
8 profitable years in a row build equity to €1.0m.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €46,890 ▼21.8%
Net result drops to €46,890, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 36 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500,000Eq €516,832 ▲19.3%
3 profitable years in a row build equity to €516,832.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
Show earlier events
2019
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Company details
Public limited company · founded 07-10-2003Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPublic limited company
Founded07-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860891430
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Andenne · 2 establishment units since 2003
Ground area
1.3 ha
Building footprint
2,434 m²
3 parcels, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
MARMAX
since 2003unit no. 2.136.017.994
MARMAX
since 2024unit no. 2.356.115.548
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0211/00K006 | Wallonia | 6,749 m² | 1 · 2,185 m² | - |
| 92018A0041/00Z013 | Wallonia | 4,996 m² | 1 · 174 m² | - |
| 92018A0041/00P013 | Wallonia | 767 m² | 1 · 75 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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