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MARMIGNON

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 198739 yrs activeRue André Charles,Leuze 21, 5310 Eghezée, BelgiumKBO/BCE: BE 0430.228.157
Summary

MARMIGNON has been active since 1987 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €98,797 and a net result of -€4,934. Equity is shrinking by ~6.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability30▲+2
Solvency85▼-3
Growth32=
Track record84
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.71 in 2024; short-term debt: 39.9% and cash: 7.6% of total assets), and 40.2% of the assets are financed with debt.
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,934
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
28 d late
2023
85 d late
2022
50 d late
2021
57 d late
2020
422 d late
2019
120 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 113 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
UBO non-compliance×2
Checked, nothing found (1)
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 19 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline

History

On 1 January 1987, MARMIGNON was incorporated.1 Total assets went from EUR 153,542 in 2018 to EUR 165,256 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,934▲ 20.6%
2024 · -€6,212
Working capital
€98,248▼ 5.3%
2024 · €103,732
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-€3,509▲ 82.5%-€7,221▼ 106%-€3,072▲ 57.5%-€6,007▼ 95.5%-€4,665▲ 22.3%
Net result-€3,753▲ 81.8%-€7,449▼ 98.5%-€15,998▼ 115%-€6,212▲ 61.2%-€4,934▲ 20.6%
Equity€133,391▼ 2.7%€125,941▼ 5.6%€109,944▼ 12.7%€103,731▼ 5.7%€98,797▼ 4.8%
Total assets€198,106▲ 1.7%€178,022▼ 10.1%€165,597▼ 7.0%€165,609=€165,256▼ 0.2%
Debt€64,715▲ 12.3%€52,080▼ 19.5%€55,653▲ 6.9%€61,878▲ 11.2%€66,459▲ 7.4%
Working capital€133,341▼ 2.3%€124,892▼ 6.3%€109,894▼ 12.0%€103,732▼ 5.6%€98,248▼ 5.3%
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€3,509-€3,509Net result 2021: -€3,753-€3,753Operating result 2022: -€7,221-€7,221Net result 2022: -€7,449-€7,449Operating result 2023: -€3,072-€3,072Net result 2023: -€15,998-€15,998Operating result 2024: -€6,007-€6,007Net result 2024: -€6,212-€6,212Operating result 2025: -€4,665-€4,665Net result 2025: -€4,934-€4,93420212022202320242025-€20,000-€15,000-€10,000-€5,000€0Operating result 2023: -€3,072-€3,070Net result 2023: -€15,998-€16,000Operating result 2024: -€6,007-€6,010Net result 2024: -€6,212-€6,210Operating result 2025: -€4,665-€4,660Net result 2025: -€4,934-€4,930202320242025
The operating result stays negative: a loss of €4,665 in 2025 against €6,007 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165,256
Fixed assets €1,050 =
Current assets €164,207 ▼ 0.2%
Equity and liabilities €165,256
Equity €98,797 ▼ 4.8%
Debt €66,459 ▲ 7.4%
Debt's share of the balance-sheet total rises from 37.4% to 40.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.49▼
2024 · 2.71
Debt to equity
0.67▲
2024 · 0.60
ROE
-5.0%▲
2024 · -6.0%
ROA
-3.0%▲
2024 · -3.8%
Debt ≤ 1 year
€65,959▲
2024 · €60,828
Income taxes
€74▲
2024 · €60
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€165,609€165,256▼
Fixed assets21/28€1,050€1,050=
Financial fixed assets28€1,050€1,050=
Current assets29/58€164,559€164,207▼
Amounts receivable within one year40/41€151,791€151,633▼
Trade receivables40€151,633€151,633=
Other amounts receivable41€158-
Cash at bank and in hand54/58€12,769€12,574▼
Equity and liabilities
Total equity and liabilities10/49€165,609€165,256▼
Equity10/15€103,731€98,797▼
Contributions10/11€18,592€18,592=
Outside capital11€18,592€18,592=
Other1109/19€18,592€18,592=
Reserves13€56,006€56,006=
Non-distributable reserves130/1€16,859€16,859=
Reserves not available under the articles1311€16,859€16,859=
Distributable reserves133€39,146€39,146=
Profit (loss) carried forward14€29,134€24,200▼
Amounts payable17/49€61,878€66,459▲
Amounts payable within one year42/48€60,828€65,959▲
Other amounts payable47/48€60,828€65,959▲
Accrued charges and deferred income492/3€1,050€500▼
Income statement Code20242025
Other operating charges640/8€483€243▼
Non-recurring operating charges66A-€4,460
Gross operating margin9900-€5,524€39▲
Operating profit (loss)9901-€6,007-€4,665▲
Financial charges65/66B€145€195▲
Recurring financial charges65€145€195▲
Profit (loss) for the period before taxes9903-€6,152-€4,860▲
Income taxes67/77€60€74▲
Profit (loss) for the period9904-€6,212-€4,934▲
Profit (loss) for the period to be appropriated9905-€6,212-€4,934▲
Appropriation of the result
Profit (loss) to be appropriated9906€29,134€24,200▼
Profit (loss) brought forward from the previous period14P€35,346€29,134▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€369€1,065€475€483€243▼ 49.6%
Non-recurring operating charges66A----€4,460-
Gross operating margin9900-€3,140-€6,156-€2,597-€5,524€39▲ 101%
Operating profit (loss)9901-€3,509-€7,221-€3,072-€6,007-€4,665▲ 22.3%
Financial income75/76B--€32---
Recurring financial income75--€32---
Financial charges65/66B€244€161€276€145€195▲ 34.3%
Recurring financial charges65€244€161€276€145€195▲ 34.3%
Profit (loss) for the period before taxes9903-€3,753-€7,382-€3,317-€6,152-€4,860▲ 21.0%
Income taxes67/77-€67€12,681€60€74▲ 24.1%
Profit (loss) for the period9904-€3,753-€7,449-€15,998-€6,212-€4,934▲ 20.6%
Profit (loss) for the period to be appropriated9905-€3,753-€7,449-€15,998-€6,212-€4,934▲ 20.6%
Line20212022202320242025Change
Assets
Total assets20/58€198,106€178,022€165,597€165,609€165,256▼ 0.2%
Fixed assets21/28€1,050€1,050€1,050€1,050€1,050=
Financial fixed assets28€1,050€1,050€1,050€1,050€1,050=
Current assets29/58€197,056€176,972€164,547€164,559€164,207▼ 0.2%
Amounts receivable within one year40/41€175,245€155,274€154,829€151,791€151,633▼ 0.1%
Trade receivables40€174,588€151,633€151,633€151,633€151,633=
Other amounts receivable41€657€3,641€3,195€158--
Cash at bank and in hand54/58€21,811€21,698€9,719€12,769€12,574▼ 1.5%
Equity and liabilities
Total equity and liabilities10/49€198,106€178,022€165,597€165,609€165,256▼ 0.2%
Equity10/15€133,391€125,941€109,944€103,731€98,797▼ 4.8%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Capital10€18,592€18,592----
Issued capital100€18,592€18,592----
Outside capital11--€18,592€18,592€18,592=
Other1109/19--€18,592€18,592€18,592=
Reserves13€56,006€56,006€56,006€56,006€56,006=
Non-distributable reserves130/1€16,859€16,859€16,859€16,859€16,859=
Legal reserve130€1,859€1,859----
Reserves not available under the articles1311€15,000€15,000€16,859€16,859€16,859=
Distributable reserves133€39,146€39,146€39,146€39,146€39,146=
Profit (loss) carried forward14€58,793€51,344€35,346€29,134€24,200▼ 16.9%
Amounts payable17/49€64,715€52,080€55,653€61,878€66,459▲ 7.4%
Amounts payable within one year42/48€63,715€52,080€54,653€60,828€65,959▲ 8.4%
Financial debts43€6€6----
Credit institutions430/8€6€6----
Trade debts44€17,805€1,500----
Suppliers440/4€17,805€1,500----
Taxes, remuneration and social security45-€67€227---
Taxes450/3-€67€227---
Other amounts payable47/48€45,904€50,507€54,426€60,828€65,959▲ 8.4%
Accrued charges and deferred income492/3€1,000-€1,000€1,050€500▼ 52.4%
Line20212022202320242025Change
Profit (loss) for the period9904-€3,753-€7,449-€15,998-€6,212-€4,934▲ 20.6%
Operating cash flow (approximation)-€3,753-€7,449-€15,998-€6,212-€4,934▲ 20.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€112-€11,980€3,050-€195▼ 106%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
10-10
KBO administration UBO non-compliance
event 29-09-2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
24-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 85 days late
01-03
KBO administration UBO non-compliance
event 22-02-2024
2023
19-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 50 days late
2022
26-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 57 days late
26-09
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 422 days late
2020
31-12
Financial Weakest financial yearnet -€20,619
Net result drops to -€20,619, the lowest in the series; recovery starts the following year.
28-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 120 days late
2019
31-12
Financial Back to profitnet €15,789
Net result €15,789 after one loss-making year.
31-12
Financial Equity above €150,000Eq €157,763 ▲11.1%
Equity rises from €141,974 to €157,763.
Show earlier events
12-10
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 73 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Eghezée · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
3,488 m²
Building footprint
289 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Briqueterie 24, 5340 Gesves
NACE 60241
since 19872.033.653.993
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92072A0144/00V012 Wallonia 2,361 m² 1 · 159 m² -
92042D0540/00B000 Wallonia 1,126 m² 1 · 130 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gesves2.033.653.993
1 permission
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 01-01-2006

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded01-01-1987
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.