MARNIK DECLERCQ
Dissolved and wound upFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 July 2026, deadline 30 June 2026 (7 months after the close on 30 November 2025, Companies Code art. 3:10). Source: NBB, 2026-00254855.
Annual accounts 2025 filed on 06-07-2026 at the NBB all 24 filings
Equity
€325,818▼ 7.2%
2024 · €351,122
Total assets
€402,887▼ 34.0%
2024 · €610,004
Net result
-€25,303
2024 · €450,512
Working capital
€326,151▼ 8.8%
2024 · €357,492
Multi-year overview
2018 to 2025, 7 financial yearsOperating result
-€19,669
2025
20182025
Net result
-€25,303
2025
20182025
Equity
€325,818
▼ 7.2%
2025
20182025
Total assets
€402,887
▼ 34.0%
2025
20182025
Debt
€77,069
▼ 70.2%
2025
20182025
Working capital
€326,151
▼ 8.8%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220242025
Operating result-€16,377-€16,151-€36,764-€24,738▲ 32.7%-€42,678▼ 72.5%€632,688--€19,669
Net result-€21,032-€15,088-€39,667-€33,686▲ 15.1%-€43,550▼ 29.3%€450,512--€25,303
Equity€2,424-€17,512▲ 623%-€22,155-€55,841▼ 152%-€99,391▼ 78.0%€351,122-€325,818▼ 7.2%
Total assets€141,493-€134,153▼ 5.2%€74,441▼ 44.5%€60,192▼ 19.1%€34,281▼ 43.0%€610,004-€402,887▼ 34.0%
Debt€139,069-€116,641▼ 16.1%€96,596▼ 17.2%€116,033▲ 20.1%€133,672▲ 15.2%€258,882-€77,069▼ 70.2%
Working capital-€23,242--€5,264▲ 77.4%-€26,565▼ 405%-€45,483▼ 71.2%-€87,415▼ 92.2%€357,492-€326,151▼ 8.8%
The operating result for 2025 is a loss of €19,669, after a profit of €632,688 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,887
Fixed assets
€5,000 =
Current assets
€397,887 ▼ 34.2%
Equity and liabilities €402,887
Equity
€325,818 ▼ 7.2%
Debt
€77,069 ▼ 70.2%
Debt's share of the balance-sheet total falls from 42.4% to 19.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
5.55▲
2024 · 2.44
Debt to equity
0.24▼
2024 · 0.74
ROE
-7.8%▼
2024 · 128.3%
ROA
-6.3%▼
2024 · 73.9%
Debt ≤ 1 year
€71,736▼
2024 · €247,511
Income taxes
€246▼
2024 · €169,668
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €672,976 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | - | €14 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,445 | €25,202 | €15,900 | €1,618 | €1,618 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €3,557 | €7,583 | €5,819 | €1,270 | ▼ 78.2% |
| Gross operating margin9900 | €20,093 | €45,855 | -€17,468 | -€19,563 | -€33,464 | €638,507 | -€18,399 | - |
| Operating profit (loss)9901 | -€16,377 | €16,151 | -€36,764 | -€24,738 | -€42,678 | €632,688 | -€19,669 | - |
| Financial income75/76B | - | - | - | €0 | - | €90 | €0 | ▼ 100% |
| Recurring financial income75 | €2,366 | €1,511 | €0 | €0 | - | €90 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €8,764 | €667 | €12,598 | €5,389 | ▼ 57.2% |
| Recurring financial charges65 | €6,649 | €2,132 | €1,395 | €8,764 | €667 | €12,598 | €5,389 | ▼ 57.2% |
| Profit (loss) for the period before taxes9903 | -€20,660 | €15,530 | -€38,158 | -€33,502 | -€43,345 | €620,180 | -€25,057 | - |
| Income taxes67/77 | €372 | €442 | €1,508 | €184 | €205 | €169,668 | €246 | ▼ 99.9% |
| Profit (loss) for the period9904 | -€21,032 | €15,088 | -€39,667 | -€33,686 | -€43,550 | €450,512 | -€25,303 | - |
| Profit (loss) for the period to be appropriated9905 | -€21,032 | €15,088 | -€39,667 | -€33,686 | -€43,550 | €450,512 | -€25,303 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €141,493 | €134,153 | €74,441 | €60,192 | €34,281 | €610,004 | €402,887 | ▼ 34.0% |
| Fixed assets21/28 | €83,158 | €51,160 | €35,260 | €33,642 | €32,024 | €5,000 | €5,000 | = |
| Tangible fixed assets22/27 | €62,362 | €46,160 | €30,260 | €28,642 | €27,024 | €0 | - | - |
| Land and buildings22 | - | - | - | €20,419 | €20,182 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €8,223 | €6,842 | €0 | - | - |
| Financial fixed assets28 | €20,795 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €58,335 | €82,993 | €39,181 | €26,550 | €2,257 | €605,004 | €397,887 | ▼ 34.2% |
| Amounts receivable within one year40/41 | €18,236 | €22,279 | €22,279 | €22,279 | €1,528 | €22,279 | €22,279 | = |
| Trade receivables40 | - | - | - | - | €1,528 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €22,279 | - | €22,279 | €22,279 | = |
| Current investments50/53 | €7,956 | €7,956 | €7,956 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €18,469 | €6,866 | €2,566 | €49 | €581,097 | €374,287 | ▼ 35.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,705 | €679 | €1,628 | €1,322 | ▼ 18.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €141,493 | €134,153 | €74,441 | €60,192 | €34,281 | €610,004 | €402,887 | ▼ 34.0% |
| Equity10/15 | €2,424 | €17,512 | -€22,155 | -€55,841 | -€99,391 | €351,122 | €325,818 | ▼ 7.2% |
| Contributions10/11 | €42,466 | €42,466 | - | €42,466 | €42,466 | €42,466 | €42,466 | = |
| Reserves13 | €299 | €299 | €299 | €299 | €299 | €308,656 | €308,656 | = |
| Non-distributable reserves130/1 | - | - | - | €299 | €299 | €299 | €299 | = |
| Reserves not available under the articles1311 | - | - | - | €299 | €299 | €299 | €299 | = |
| Distributable reserves133 | - | - | - | - | - | €308,357 | €308,357 | = |
| Profit (loss) carried forward14 | -€40,341 | -€25,252 | -€64,919 | -€98,605 | -€142,155 | €0 | -€25,303 | - |
| Amounts payable17/49 | €139,069 | €116,641 | €96,596 | €116,033 | €133,672 | €258,882 | €77,069 | ▼ 70.2% |
| Amounts payable after more than one year17 | €57,371 | €28,384 | €30,000 | €44,000 | €44,000 | €0 | - | - |
| Financial debts170/4 | - | - | - | €44,000 | €44,000 | €0 | - | - |
| Amounts payable within one year42/48 | €81,577 | €88,257 | €65,746 | €72,033 | €89,672 | €247,511 | €71,736 | ▼ 71.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €260 | €303 | €0 | - | - |
| Financial debts43 | - | - | - | - | €9,813 | €0 | - | - |
| Credit institutions430/8 | - | - | - | - | €9,813 | €0 | - | - |
| Trade debts44 | €2,221 | €2,768 | €3,935 | €6,038 | €8,310 | €4,213 | €1,169 | ▼ 72.3% |
| Suppliers440/4 | - | - | - | €6,038 | €8,310 | €4,213 | €1,169 | ▼ 72.3% |
| Taxes, remuneration and social security45 | - | - | - | €184 | €390 | €169,863 | €246 | ▼ 99.9% |
| Taxes450/3 | - | - | - | €184 | €390 | €169,666 | €246 | ▼ 99.9% |
| Remuneration and social security454/9 | - | - | - | €0 | - | €197 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €65,551 | €70,856 | €73,436 | €70,321 | ▼ 4.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | €11,371 | €5,333 | ▼ 53.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,032 | €15,088 | -€39,667 | -€33,686 | -€43,550 | €450,512 | -€25,303 | - |
| + Depreciation and write-downs630 | €25,445 | €25,202 | €15,900 | €1,618 | €1,618 | €0 | - | - |
| Operating cash flow (approximation) | €4,413 | €40,291 | -€23,767 | -€32,069 | -€41,932 | €450,512 | -€25,303 | - |
| Investment in fixed assets (approximation) | - | €6,795 | €0 | €0 | €0 | - | €0 | - |
| Change in cash | - | - | -€11,603 | -€4,300 | -€2,517 | - | -€206,810 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | micro format | 06-07-2026 | 2026-00254855 | |
| 30-11-2024 | micro format | 18-07-2025 | 2025-00285537 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00392980 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20343357 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-55100559 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66900493 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60300045 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-58800356 | |
| 31-12-2016 | micro format | 30-09-2017 | 2017-65600445 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-52300043 |