MARNICO
ActiveMARNICO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €577k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 18937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
83
/ 100
Excellent▼ -17 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-82
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 35.62 against 3.38 in 2023), and 25.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
74.5%
Return on assets
2.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
69 d late
2022
140 d late
2021
29 d late
2020
55 d late
2019
126 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€577k▼ 4.2%
2023 · €602k
2018: €240k
2019: €248k
2020: €222k
2021: €135k
2022: €59k
2023: €602k
2018 → 2024
Total assets
€775k▼ 9.3%
2023 · €854k
2018: €1.06M
2019: €1.67M
2020: €1.30M
2021: €899k
2022: €810k
2023: €854k
2018 → 2024
Net result
€21k▼ 96.5%
2023 · €593k
2018: €2k
2019: €8k
2020: €-27k
2021: €-87k
2022: €-76k
2023: €593k
2018 → 2024
Working capital
€587k▼ 1.9%
2023 · €599k
2018: €-90k
2019: €-47k
2020: €-43k
2021: €-169k
2022: €-285k
2023: €599k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€222k-€135k▼ 39.2%€59k▼ 56.2%€602k▲ 921%€577k▼ 4.2%
Operating result€-27k-€-74k▼ 175%€-48k▲ 35.3%€769k€17k▼ 97.7%
Net result€-27k-€-87k▼ 226%€-76k▲ 12.9%€593k€21k▼ 96.5%
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 falls in 2024; 2024 is 98% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €775k
Fixed assets
€171k▲ 4,966%
Current assets
€604k▼ 29.0%
Equity and liabilities €775k
Equity
€577k▼ 4.2%
Provisions
€181k
Debt
€17k▼ 93.3%
The debt ratio falls from 29.5% to 2.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€42k▼
2023 · €770k
Cash flow
€45k▼
2023 · €594k
Solvency
74.5%▲
2023 · 70.5%
Current ratio
35.62▲
2023 · 3.38
Quick ratio
35.62▲
2023 · 3.38
Debt / equity
0.03▼
2023 · 0.42
ROE
3.6%▼
2023 · 98.5%
ROA
2.7%▼
2023 · 69.5%
Interest coverage
37.55▲
2023 · 20.90
Debt
€17k▼
2023 · €252k
Debt ≤ 1 year
€17k▼
2023 · €252k
Income taxes
€152▼
2023 · €139k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€854k€775k▼
Fixed assets21/28€3k€171k▲
Tangible fixed assets22/27€3k€159k▲
Land and buildings22-€156k
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€907
Financial fixed assets28€250€12k▲
Current assets29/58€850k€604k▼
Amounts receivable within one year40/41€430k€386k▼
Trade receivables40€420k€361k▼
Other amounts receivable41€10k€25k▲
Cash at bank and in hand54/58€420k€218k▼
Deferred charges and accrued income490/1€314€32▼
Equity and liabilities
Total equity and liabilities10/49€854k€775k▼
Equity10/15€602k€577k▼
Contributions10/11€19k€19k=
Reserves13€2k€544k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132-€542k
Distributable reserves133-€2k
Profit (loss) carried forward14€582k€15k▼
Provisions and deferred taxes16-€181k
Deferred taxes168-€181k
Amounts payable17/49€252k€17k▼
Amounts payable within one year42/48€252k€17k▼
Trade debts44€108k€12k▼
Suppliers440/4€108k€12k▼
Taxes, remuneration and social security45€144k€5k▼
Taxes450/3€144k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€744k-
Remuneration, social security and pensions62€95-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€914€24k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€12k
Gross operating margin9900€773k€58k▼
Operating profit (loss)9901€769k€17k▼
Financial income75/76B€204€789▲
Recurring financial income75€204€789▲
Financial charges65/66B€37k€1k▼
Recurring financial charges65€37k€1k▼
Profit (loss) for the period before taxes9903€733k€17k▼
Transfer from deferred taxes780-€4k
Income taxes67/77€139k€152▼
Profit (loss) for the period9904€593k€21k▼
Transfer from tax-exempt reserves789-€12k
Profit (loss) for the period to be appropriated9905€593k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€582k€15k▼
Profit (loss) brought forward from the previous period14P€-11k€-19k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity times 11current ratio 35.62
Current ratio from 3.38 to 35.62; short-term debt falls from €252k to €17k.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Back to profitnet €593k
Net result €593k after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 3.38
Current ratio from 0.62 to 3.38; short-term debt falls from €751k to €252k.
31-12
Financial
Equity above €500kEq €602k ▲921%
Equity rises from €59k to €602k.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 140 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 126 days late
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 78 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hasselt · 1 establishment unit since 2003
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.
Zeilstraat 153500 HasseltGround area
1,469 m²
Building footprint
770 m²
Volume, LiDAR
3,525 m³
Parcel 71323C0280/00P002, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Zeilstraat 15, 3500 Hasselt
since 20032.134.224.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0280/00P002 | Flanders | 1,469 m² | 1 · 770 m² | 7.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 25,000 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 25,000 EUR | 0 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.134.224.583
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 5,830 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-1998
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.