Marphy
ActiveSummary
Marphy has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€23,672. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+34
Solvency100=
Growth69=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 25.85 against 26.12 in 2024; short-term debt: 1.6% and cash: 42% of total assets), and 1.6% of the assets are financed with debt.
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Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.4%
Return on assets
-2.1%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
56 d early
2023
50 d early
2022
52 d early
2021
58 d early
2020
37 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 43 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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 9 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€63,632▲ 5.6%
2023 · €60,242
EBIT margin
-134.8%▼ 61.2pp
2023 · -73.6%
Net result
-€23,672
2024 · €271,162
Working capital
€465,584▲ 4.4%
2024 · €445,953
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
Turnover€72,775▲ 25.0%€62,663▼ 13.9%€60,242▼ 3.9%€63,632▲ 5.6%
Operating result€1,300-€36,605-€44,340▼ 21.1%-€85,793▼ 93.5%-€31,113▲ 63.7%
Net result€14,408-€36,569-€44,385▼ 21.4%€271,162-€23,672
EBIT margin1.8%▲ 36.7pp-58.4%▼ 60.2pp-73.6%▼ 15.2pp-134.8%▼ 61.2pp
Equity€967,656▲ 1.5%€931,087▼ 3.8%€886,702▼ 4.8%€1.2m▲ 30.6%€1.1m▼ 2.0%
Total assets€967,740▼ 10.0%€933,822▼ 3.5%€887,540▼ 5.0%€1.2m▲ 32.5%€1.2m▼ 1.9%
Debt€84▼ 99.9%€2,735▲ 3,156%€838▼ 69.4%€17,753▲ 2,018%€18,734▲ 5.5%
Working capital€97,679€107,612▲ 10.2%€109,729▲ 2.0%€445,953▲ 306%€465,584▲ 4.4%
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 €31,113 in 2025 against €85,793 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€668,608 ▼ 6.1%
Current assets
€484,318 ▲ 4.4%
Equity and liabilities €1.2m
Equity
€1.1m ▼ 2.0%
Debt
€18,734 ▲ 5.5%
Debt's share of the balance-sheet total rises from 1.5% to 1.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,190▲
2024 · -€39,291
Cash flow
€19,631▼
2024 · €317,664
Current ratio
25.85▼
2024 · 26.12
Debt to equity
0.02▲
2024 · 0.02
ROE
-2.1%▼
2024 · 23.4%
ROA
-2.1%▼
2024 · 23.1%
Interest coverage
162.54▲
2024 · -873.13
Debt ≤ 1 year
€18,734▲
2024 · €17,753
Income taxes
€4,786▼
2024 · €13,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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%.
| 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 8,611 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €72,775 | €62,663 | €60,242 | €63,632 | - | - |
| Non-recurring operating income76A | €1,585 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €15,763 | €42,448 | €46,840 | €72,716 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,194 | €46,502 | €46,502 | €46,502 | €43,303 | ▼ 6.9% |
| Other operating charges640/8 | €10,103 | €10,318 | €11,240 | €29,523 | €9,488 | ▼ 67.9% |
| Non-recurring operating charges66A | - | - | - | €674 | - | - |
| Gross operating margin9900 | €58,597 | €20,215 | €13,402 | -€9,094 | €21,678 | ▲ 338% |
| Operating profit (loss)9901 | €1,300 | -€36,605 | -€44,340 | -€85,793 | -€31,113 | ▲ 63.7% |
| Financial income75/76B | €61,095 | €81 | - | €370,000 | €12,302 | ▼ 96.7% |
| Recurring financial income75 | €14,905 | €81 | - | €370,000 | €12,302 | ▼ 96.7% |
| Non-recurring financial income76B | €46,190 | - | - | €370,000 | - | - |
| Financial charges65/66B | €47,987 | €45 | €45 | €45 | €75 | ▲ 66.7% |
| Recurring financial charges65 | €47,987 | €45 | €45 | €45 | €75 | ▲ 66.7% |
| Profit (loss) for the period before taxes9903 | €14,408 | -€36,569 | -€44,385 | €284,162 | -€18,885 | ▼ 107% |
| Income taxes67/77 | - | - | - | €13,000 | €4,786 | ▼ 63.2% |
| Profit (loss) for the period9904 | €14,408 | -€36,569 | -€44,385 | €271,162 | -€23,672 | ▼ 109% |
| Transfer from tax-exempt reserves789 | €9,984 | €9,984 | €9,984 | €9,984 | €9,984 | = |
| Profit (loss) for the period to be appropriated9905 | €24,392 | -€26,585 | -€34,401 | €281,146 | -€13,687 | ▼ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €967,740 | €933,822 | €887,540 | €1.2m | €1.2m | ▼ 1.9% |
| Fixed assets21/28 | €869,977 | €823,475 | €776,973 | €711,911 | €668,608 | ▼ 6.1% |
| Tangible fixed assets22/27 | €869,461 | €822,959 | €776,457 | €711,395 | €668,092 | ▼ 6.1% |
| Land and buildings22 | €830,299 | €789,212 | €748,125 | €688,479 | €648,450 | ▼ 5.8% |
| Plant, machinery and equipment23 | €39,162 | €33,747 | €28,332 | €22,916 | €19,643 | ▼ 14.3% |
| Financial fixed assets28 | €516 | €516 | €516 | €516 | €516 | = |
| Current assets29/58 | €97,763 | €110,347 | €110,567 | €463,706 | €484,318 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €432 | - | - | - | - | - |
| Other amounts receivable41 | €432 | - | - | - | - | - |
| Current investments50/53 | - | - | - | €450,000 | - | - |
| Cash at bank and in hand54/58 | €97,331 | €110,347 | €110,567 | €13,706 | €484,318 | ▲ 3,434% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €967,740 | €933,822 | €887,540 | €1.2m | €1.2m | ▼ 1.9% |
| Equity10/15 | €967,656 | €931,087 | €886,702 | €1.2m | €1.1m | ▼ 2.0% |
| Contributions10/11 | €633,500 | €633,500 | €633,500 | €633,500 | €633,500 | = |
| Capital10 | €633,500 | €633,500 | €633,500 | €633,500 | €633,500 | = |
| Issued capital100 | €633,500 | €633,500 | €633,500 | €633,500 | €633,500 | = |
| Reserves13 | €153,607 | €143,623 | €133,639 | €123,655 | €113,670 | ▼ 8.1% |
| Non-distributable reserves130/1 | €63,350 | €63,350 | €63,350 | €63,350 | €63,350 | = |
| Legal reserve130 | €63,350 | €63,350 | €63,350 | €63,350 | €63,350 | = |
| Tax-exempt reserves132 | €90,257 | €80,273 | €70,289 | €60,305 | €50,320 | ▼ 16.6% |
| Profit (loss) carried forward14 | €180,549 | €153,964 | €119,563 | €400,709 | €387,022 | ▼ 3.4% |
| Amounts payable17/49 | €84 | €2,735 | €838 | €17,753 | €18,734 | ▲ 5.5% |
| Amounts payable within one year42/48 | €84 | €2,735 | €838 | €17,753 | €18,734 | ▲ 5.5% |
| Trade debts44 | €84 | €585 | €688 | €4,603 | €338 | ▼ 92.6% |
| Suppliers440/4 | €84 | €585 | €688 | €4,603 | €338 | ▼ 92.6% |
| Taxes, remuneration and social security45 | - | €2,150 | €150 | €13,150 | €18,395 | ▲ 39.9% |
| Taxes450/3 | - | €150 | €150 | €13,150 | €14,395 | ▲ 9.5% |
| Remuneration and social security454/9 | - | €2,000 | - | - | €4,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,408 | -€36,569 | -€44,385 | €271,162 | -€23,672 | ▼ 109% |
| + Depreciation and write-downs630 | €47,194 | €46,502 | €46,502 | €46,502 | €43,303 | ▼ 6.9% |
| Operating cash flow (approximation) | €61,602 | €9,933 | €2,117 | €317,664 | €19,631 | ▼ 93.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €18,560 | -€0 | ▼ 100% |
| Change in cash | - | €13,016 | €220 | -€96,861 | €470,612 | ▲ 586% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €271,162
Net result €271,162 after 2 loss-making years.
31-12
Financial
Equity above €1mEq €1.2m ▲30.6%
Equity rises from €886,702 to €1.2m.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 131.94
Current ratio from 40.35 to 131.94; short-term debt falls from €2,735 to €838.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14,408
Net result €14,408 after one loss-making year.
31-12
Financial
Liquidity times 2590current ratio 1163.85
Current ratio from 0.45 to 1163.85; short-term debt falls from €122,065 to €84.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €4,460
Net result €4,460 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Verlaine · 1 establishment unit since 1982
Ground area
4,731 m²
Building footprint
434 m²
Volume, LiDAR
2,532 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Drève du Château 13, 4620 Fléron
since 19822.021.259.769
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61063B1249/00G000 | Wallonia | 3,106 m² | 1 · 204 m² | 8.8 m · 2 fl. |
| 62038A0271/00N000 | Wallonia | 1,626 m² | 1 · 230 m² | 7.6 m · 2 fl. |
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
Legal Entity Identifier
894500SHRKGUV9UWKX18
Identification & contact
Identification
Legal formPublic limited company
Founded12-08-1982
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423107070
Registered
30-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.