Summary
MARPINIC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €301,256 and a net result of €13,635. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 8074 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
34 d early
2023
23 d early
2022
83 d early
2021
73 d early
2020
137 d early
2019
105 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€301,256▲ 4.7%
2024 · €287,621
Net result
€13,635▼ 75.1%
2024 · €54,707
Total assets
€348,824▼ 12.6%
2024 · €399,059
Solvency
86.4%▲ 14.3pp
2024 · 72.1%
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
Operating result€60,762▼ 22.1%€89,506▲ 47.3%€94,145▲ 5.2%€80,233▼ 14.8%€21,478▼ 73.2%
Net result€39,743▼ 27.0%€63,073▲ 58.7%€66,105▲ 4.8%€54,707▼ 17.2%€13,635▼ 75.1%
Equity€187,178▼ 22.6%€235,593▲ 25.9%€276,623▲ 17.4%€287,621▲ 4.0%€301,256▲ 4.7%
Total assets€310,517▼ 10.1%€307,087▼ 1.1%€384,036▲ 25.1%€399,059▲ 3.9%€348,824▼ 12.6%
Debt€123,339▲ 19.3%€71,494▼ 42.0%€107,414▲ 50.2%€111,438▲ 3.7%€47,568▼ 57.3%
Working capital-€15,624€15,880€49,226▲ 210%€58,509▲ 18.9%€79,755▲ 36.3%
Solvency60.3%▼ 9.8pp76.7%▲ 16.4pp72.0%▼ 4.7pp72.1%=86.4%▲ 14.3pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €348,824
Fixed assets
€235,726 ▼ 7.4%
Current assets
€113,097 ▼ 21.8%
Equity and liabilities €348,824
Equity
€301,256 ▲ 4.7%
Debt
€47,568 ▼ 57.3%
Debt's share of the balance-sheet total falls from 27.9% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.5%▼
2024 · 19.0%
ROA
3.9%▼
2024 · 13.7%
Debt ≤ 1 year
€33,342▼
2024 · €86,047
Debt > 1 year
€14,225▼
2024 · €25,391
Income taxes
€6,889▼
2024 · €22,788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €42 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,415 | €12,516 | €21,561 | €25,669 | €25,816 | ▲ 0.6% |
| Other operating charges640/8 | €1,747 | €1,890 | €3,237 | €4,051 | €4,484 | ▲ 10.7% |
| Non-recurring operating charges66A | €9,963 | €0 | - | - | - | - |
| Gross operating margin9900 | €84,887 | €103,913 | €118,943 | €109,953 | €51,778 | ▼ 52.9% |
| Operating profit (loss)9901 | €60,762 | €89,506 | €94,145 | €80,233 | €21,478 | ▼ 73.2% |
| Financial income75/76B | €12 | €1 | €0 | €33 | €993 | ▲ 2,932% |
| Recurring financial income75 | €12 | €1 | €0 | €33 | €993 | ▲ 2,932% |
| Financial charges65/66B | €1,918 | €1,221 | €2,550 | €2,772 | €1,946 | ▼ 29.8% |
| Recurring financial charges65 | €1,918 | €1,221 | €2,550 | €2,772 | €1,946 | ▼ 29.8% |
| Profit (loss) for the period before taxes9903 | €58,856 | €88,286 | €91,595 | €77,494 | €20,524 | ▼ 73.5% |
| Income taxes67/77 | €19,113 | €25,213 | €25,489 | €22,788 | €6,889 | ▼ 69.8% |
| Profit (loss) for the period9904 | €39,743 | €63,073 | €66,105 | €54,707 | €13,635 | ▼ 75.1% |
| Profit (loss) for the period to be appropriated9905 | €39,743 | €63,073 | €66,105 | €54,707 | €13,635 | ▼ 75.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €310,517 | €307,087 | €384,036 | €399,059 | €348,824 | ▼ 12.6% |
| Fixed assets21/28 | €223,332 | €221,133 | €263,959 | €254,503 | €235,726 | ▼ 7.4% |
| Tangible fixed assets22/27 | €223,332 | €221,133 | €263,959 | €254,503 | €235,726 | ▼ 7.4% |
| Land and buildings22 | €220,232 | €212,139 | €204,042 | €192,516 | €181,634 | ▼ 5.7% |
| Plant, machinery and equipment23 | €806 | €645 | €484 | €322 | €161 | ▼ 50.0% |
| Furniture and vehicles24 | €2,294 | €1,682 | €7,516 | €16,295 | €20,649 | ▲ 26.7% |
| Leasing and similar rights25 | €0 | - | €45,919 | €35,036 | €24,152 | ▼ 31.1% |
| Other tangible fixed assets26 | - | €6,667 | €5,998 | €10,334 | €9,130 | ▼ 11.7% |
| Current assets29/58 | €87,185 | €85,954 | €120,078 | €144,556 | €113,097 | ▼ 21.8% |
| Amounts receivable within one year40/41 | €17,077 | €38,297 | €42,787 | €30,562 | €25,384 | ▼ 16.9% |
| Trade receivables40 | €17,077 | €38,297 | €42,787 | €30,562 | €25,170 | ▼ 17.6% |
| Other amounts receivable41 | - | - | - | - | €214 | - |
| Current investments50/53 | €63,051 | €44,136 | - | €74,463 | €74,908 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €0 | €2,933 | €69,846 | €32,056 | €5,268 | ▼ 83.6% |
| Deferred charges and accrued income490/1 | €7,057 | €589 | €7,445 | €7,475 | €7,537 | ▲ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €310,517 | €307,087 | €384,036 | €399,059 | €348,824 | ▼ 12.6% |
| Equity10/15 | €187,178 | €235,593 | €276,623 | €287,621 | €301,256 | ▲ 4.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €180,978 | €229,393 | €270,423 | €281,421 | €295,056 | ▲ 4.8% |
| Non-distributable reserves130/1 | €4,470 | €4,470 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,348 | €3,348 | €0 | - | - | - |
| Other1319 | €1,122 | €1,122 | - | - | - | - |
| Distributable reserves133 | €176,508 | €224,923 | €270,423 | €281,421 | €295,056 | ▲ 4.8% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €123,339 | €71,494 | €107,414 | €111,438 | €47,568 | ▼ 57.3% |
| Amounts payable after more than one year17 | €20,000 | €0 | €36,063 | €25,391 | €14,225 | ▼ 44.0% |
| Financial debts170/4 | €20,000 | €0 | €36,063 | €25,391 | €14,225 | ▼ 44.0% |
| Amounts payable within one year42/48 | €102,809 | €70,074 | €70,851 | €86,047 | €33,342 | ▼ 61.3% |
| Current portion of amounts payable after more than one year42 | €20,000 | €20,000 | €10,200 | €10,672 | €11,166 | ▲ 4.6% |
| Financial debts43 | €46 | €0 | €642 | €822 | €105 | ▼ 87.2% |
| Credit institutions430/8 | €46 | €0 | €642 | €822 | €105 | ▼ 87.2% |
| Trade debts44 | €330 | €9,803 | €2,899 | €4,268 | €3,829 | ▼ 10.3% |
| Suppliers440/4 | €330 | €9,803 | €2,899 | €4,268 | €3,829 | ▼ 10.3% |
| Taxes, remuneration and social security45 | €25,959 | €17,350 | €22,974 | €17,032 | €10,867 | ▼ 36.2% |
| Taxes450/3 | €25,959 | €17,350 | €22,974 | €17,032 | €10,867 | ▼ 36.2% |
| Other amounts payable47/48 | €56,474 | €22,921 | €34,137 | €53,253 | €7,376 | ▼ 86.1% |
| Accrued charges and deferred income492/3 | €530 | €1,420 | €500 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,743 | €63,073 | €66,105 | €54,707 | €13,635 | ▼ 75.1% |
| + Depreciation and write-downs630 | €12,415 | €12,516 | €21,561 | €25,669 | €25,816 | ▲ 0.6% |
| Operating cash flow (approximation) | €52,158 | €75,589 | €87,666 | €80,375 | €39,451 | ▼ 50.9% |
| Investment in fixed assets (approximation) | - | -€10,317 | -€64,388 | -€16,213 | -€7,039 | ▲ 56.6% |
| Change in cash | - | €2,933 | €66,913 | -€37,789 | -€26,788 | ▲ 29.1% |
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
04-08
State Gazette act
General meeting · Director resignation
Permanent representative · Board meeting
04-08
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
04-08
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
04-08
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
31-07
State Gazette act
General meeting · Director resignation
Permanent representative · Board meeting
31-07
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
31-07
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
31-07
State Gazette act
General meeting · Director resignation
Permanent representative · Power of attorney
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €13,635 ▼75.1%
Net result drops to €13,635, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.39
Current ratio from 1.68 to 3.39; short-term debt falls from €86,047 to €33,342.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Show earlier events
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €66,105 ▲4.8%
Operating result €94,145, net result €66,105, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €235,593 ▲25.9%
5 profitable years in a row build equity to €235,593.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.18
Current ratio from 0.52 to 1.18.
31-12
Financial
Equity above €200,000Eq €209,185 ▲26.4%
2 profitable years in a row build equity to €209,185.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
Financial milestoneState Gazette actNBB 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, Brasschaat · 1 establishment unit since 2011
Ground area
505 m²
Building footprint
144 m²
Volume, LiDAR
764 m³
Parcel 11323F0011/00K003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARPINIC
since 20112.197.658.229
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0011/00K003 | Flanders | 505 m² | 1 · 144 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
77210Renting and leasing of sports and recreation goods
77340Rental and leasing activities
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833374510
Also
9925:BE0833374510
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.