MARNILUX
ActiveMARNILUX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €-39k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 71% of 237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
22
/ 100
Critical▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency65▼-5
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.69 in 2024), and 39.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€39k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
31 d early
2023
21 d early
2022
24 d early
2021
34 d early
2020
35 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€198k▼ 16.4%
2024 · €237k
2018: €205k
2019: €270k
2020: €392k
2021: €376k
2022: €323k
2023: €271k
2024: €237k
2018 → 2025
Total assets
€326k▼ 14.3%
2024 · €380k
2018: €347k
2019: €419k
2020: €594k
2021: €526k
2022: €475k
2023: €414k
2024: €380k
2018 → 2025
Net result
€-39k▼ 12.5%
2024 · €-34k
2018: €28k
2019: €64k
2020: €122k
2021: €-16k
2022: €-53k
2023: €-52k
2024: €-34k
2018 → 2025
Working capital
€-79k▼ 76.2%
2024 · €-45k
2018: €196k
2019: €260k
2020: €106k
2021: €94k
2022: €34k
2023: €-14k
2024: €-45k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€376k-€323k▼ 14.0%€271k▼ 16.1%€237k▼ 12.7%€198k▼ 16.4%
Operating result€-13k-€-50k▼ 299%€-49k▲ 1.3%€-32k▲ 35.5%€-36k▼ 13.4%
Net result€-16k-€-53k▼ 238%€-52k▲ 1.1%€-34k▲ 33.7%€-39k▼ 12.5%
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 stays negative: a loss of €36k in 2025 against €32k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€278k▼ 1.4%
Current assets
€48k▼ 51.4%
Equity and liabilities €326k
Equity
€198k▼ 16.4%
Debt
€128k▼ 10.9%
The debt ratio rises from 37.7% to 39.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-32k▼
2024 · €-28k
Cash flow
€-35k▼
2024 · €-31k
Solvency
60.8%▼
2024 · 62.3%
Current ratio
0.38▼
2024 · 0.69
Quick ratio
0.38▼
2024 · 0.69
Debt / equity
0.64▲
2024 · 0.61
ROE
-19.6%▼
2024 · -14.6%
ROA
-11.9%▼
2024 · -9.1%
Interest coverage
-12.07▼
2024 · -10.62
Debt
€128k▼
2024 · €143k
Debt ≤ 1 year
€127k▼
2024 · €143k
Income taxes
€0=
2024 · €0
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€380k€326k▼
Fixed assets21/28€282k€278k▼
Tangible fixed assets22/27€36k€32k▼
Land and buildings22€29k€29k▼
Plant, machinery and equipment23€6k€3k▼
Financial fixed assets28€246k€246k=
Current assets29/58€98k€48k▼
Amounts receivable within one year40/41€16k€9k▼
Trade receivables40€1€8k▲
Other amounts receivable41€16k€900▼
Cash at bank and in hand54/58€80k€37k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€380k€326k▼
Equity10/15€237k€198k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€232k€232k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€225k€225k=
Profit (loss) carried forward14€-57k€-96k▼
Amounts payable17/49€143k€128k▼
Amounts payable within one year42/48€143k€127k▼
Financial debts43€202€0▼
Credit institutions430/8€202€0▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€3k€167▼
Taxes450/3€1k€167▼
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€139k€125k▼
Accrued charges and deferred income492/3€0€645▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€652€672▲
Non-recurring operating charges66A€10k€0▼
Gross operating margin9900€-18k€-32k▼
Operating profit (loss)9901€-32k€-36k▼
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-34k€-39k▼
Income taxes67/77€0€0=
Profit (loss) for the period9904€-34k€-39k▼
Profit (loss) for the period to be appropriated9905€-34k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-96k▼
Profit (loss) brought forward from the previous period14P€-22k€-57k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €122k ▲89.3%
Operating result €178k, net result €122k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Geraardsbergen · 1 establishment unit since 1997
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.
Smeerebbestraat(Sme) 429506 GeraardsbergenGround area
1,750 m²
Building footprint
303 m²
Volume, LiDAR
2,430 m³
Parcel 41065B0278/00C000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MARNILUX
since 19972.084.799.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41065B0278/00C000 | Flanders | 1,750 m² | 1 · 303 m² | 12.3 m · 3 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.
Similar companies · same sector, comparable size
F.S. KEUKENS
BE 0448.578.478
Zulte · Eq €199k
MAATWERKHUIS
BE 0476.809.042
Hasselt · Eq €199k
WOONPROJECT
BE 0800.356.205
Aalter · Eq €203k
Kitchen Culture
BE 0774.405.438
Brussel · Eq €203k
DHENDRO
BE 0879.071.507
Genk · Eq €190k
Of 619 companies in sector 31002 we hold annual accounts for 348. 284 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-12-1997
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
36130
43320Joinery installation
45421
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47591Retail trade
47592Retail trade
51532
52441
52442
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.