Marnette

Open bankruptcy

Private limited company (pre-2019)founded 1983KBO/BCE: BE 0425.160.403

A bankruptcy procedure is open for Marnette according to publications in the Belgian State Gazette; curator: Yves FRANCOIS. The 2023 annual accounts show equity of €39k and a net result of €-20k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Latest accounts filed on time

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 11-04-2024, 111 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

111 d early

2022

61 d early

2021

277 d late

2020

642 d late

2019

34 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, micro schema

Turnover

€26k

EBIT margin

-57.0%

Net result

€-20k▲ 23.6%

2022 · €-26k

2018: €27k 2019: €40k 2020: €19k 2021: €-34k 2022: €-26k

2018 → 2023

Working capital

€7k▼ 71.8%

2022 · €24k

2018: €20k 2019: €69k 2020: €76k 2021: €42k 2022: €24k

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Turnover€26k

Equity€100k-€119k▲ 18.9%€85k▼ 28.7%€59k▼ 30.8%€39k▼ 33.9%

Operating result€54k-€20k▼ 62.2%€-33k€-20k▲ 39.0%€-15k▲ 25.6%

Net result€40k-€19k▼ 52.8%€-34k€-26k▲ 23.7%€-20k▲ 23.6%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €15k in 2023 against €20k in 2022; the loss shrinks.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €126k

25.5%

74.5%

Fixed assets €32k▼ 8.6%

Current assets €94k▼ 25.8%

Equity and liabilities €126k

30.7%

69.3%

Equity €39k▼ 33.9%

Debt €87k▼ 15.3%

The debt ratio rises from 63.7% to 69.3%. Equity and debt are lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-12k▲

2022 · €-13k

Cash flow

€-17k▲

2022 · €-19k

Solvency

30.7%▼

2022 · 36.3%

Current ratio

1.08▼

2022 · 1.23

Quick ratio

1.08▼

2022 · 1.23

Debt / equity

2.25▲

2022 · 1.76

ROE

-51.4%▼

2022 · -44.5%

ROA

-15.8%▲

2022 · -16.1%

Interest coverage

-2.50▼

2022 · -2.35

Debt

€87k▼

2022 · €103k

Debt ≤ 1 year

€87k▼

2022 · €103k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€162k€126k▼

Fixed assets21/28€35k€32k▼

Tangible fixed assets22/27€35k€32k▼

Land and buildings22€32k€29k▼

Plant, machinery and equipment23€3k€3k=

Financial fixed assets28€13€13=

Current assets29/58€127k€94k▼

Amounts receivable within one year40/41€114k€91k▼

Trade receivables40€77k€62k▼

Other amounts receivable41€37k€29k▼

Cash at bank and in hand54/58€13k€3k▼

Equity and liabilities

Total equity and liabilities10/49€162k€126k▼

Equity10/15€59k€39k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€38k€18k▼

Amounts payable17/49€103k€87k▼

Amounts payable within one year42/48€103k€87k▼

Current portion of amounts payable after more than one year42€205€205=

Financial debts43-€984

Credit institutions430/8-€984

Trade debts44€19k-

Suppliers440/4€19k-

Taxes, remuneration and social security45€392€392=

Taxes450/3€392€392=

Other amounts payable47/48€83k€86k▲

Income statement Code20222023

Turnover70-€26k

Non-recurring operating income76A-€2k

Goods, raw materials, services and sundry goods60/61-€35k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼

Other operating charges640/8€3k€5k▲

Gross operating margin9900€-10k€-7k▲

Operating profit (loss)9901€-20k€-15k▲

Financial income75/76B€2-

Recurring financial income75€2-

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€-26k€-20k▲

Income taxes67/77€210-

Profit (loss) for the period9904€-26k€-20k▲

Profit (loss) for the period to be appropriated9905€-26k€-20k▲

Appropriation of the result

Profit (loss) to be appropriated9906€38k€18k▼

Profit (loss) brought forward from the previous period14P€64k€38k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Signals 1Financial 4Gazette 1Filings 10

2026

31-07

State Gazette act Resignations & appointments

Director resignation1 fact ▸

Director resignation, Eeltiges Olivier (bestuurder)

06-07

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · MARNETTE BV GROTE HEERWEG 312, 8792 WAREGEM · event 30-06-2026

2024

11-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

04-05

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 277 days late

04-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 642 days late

2021

31-12

Financial Weakest financial yearnet €-34k ▼280%

Net result drops to €-34k, the lowest in the series.

2020

31-12

Financial Equity above €100kEq €119k ▲18.9%

3 profitable years in a row build equity to €119k.

03-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 34 days late

2019

31-12

Financial Highest result since 2018net €40k ▲51.1%

Operating result €54k, net result €40k, both a record.

31-12

Financial Liquidity doublescurrent ratio 2.64

Current ratio from 1.09 to 2.64; short-term debt falls from €217k to €42k.

29-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 29 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

2017

12-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 43 days late

2016

22-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 22 days late

2015

24-08

NBB filing Annual accounts filed

fiscal year 2014 · abbreviated schema · 24 days late

SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

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.

27-05-2026 Resigned as Director

Location & real-estate footprint

1 establishment unit since 1984

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

314 m²

Building footprint

177 m²

Volume, LiDAR

1,053 m³