MARPO
ActiveSummary
MARPO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324,685 and a net result of €47,677. Equity remains stable across the filed fiscal years (±1.4% per year). The computed 12-month bankruptcy probability is 0.5% (low).
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Signals
This company filed its last 7 accounts on average 31 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)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 14,732 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €1,425 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,477 | €49,655 | €46,021 | €38,554 | €38,554 | = |
| Other operating charges640/8 | €14,113 | €14,159 | €15,936 | €16,570 | €16,530 | ▼ 0.2% |
| Gross operating margin9900 | €58,483 | €57,361 | €75,084 | €80,528 | €95,747 | ▲ 18.9% |
| Operating profit (loss)9901 | -€22,108 | -€6,453 | €13,127 | €25,403 | €40,663 | ▲ 60.1% |
| Financial income75/76B | €5,948 | €3,300 | €5,186 | €0 | €783 | - |
| Recurring financial income75 | €5,948 | €414 | €0 | €0 | €783 | - |
| Non-recurring financial income76B | €5,948 | €2,886 | €5,186 | €0 | €783 | - |
| Financial charges65/66B | €21,441 | €21,029 | €2,686 | €2,472 | €2,236 | ▼ 9.6% |
| Recurring financial charges65 | €21,441 | €21,029 | €2,686 | €2,472 | €2,236 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | -€37,601 | -€24,183 | €15,628 | €22,931 | €39,210 | ▲ 71.0% |
| Transfer from deferred taxes780 | €12,597 | €12,224 | €12,224 | €29,526 | €9,171 | ▼ 68.9% |
| Income taxes67/77 | - | - | - | €397 | €704 | ▲ 77.4% |
| Profit (loss) for the period9904 | -€25,004 | -€11,958 | €27,852 | €52,060 | €47,677 | ▼ 8.4% |
| Transfer from tax-exempt reserves789 | €24,464 | €23,740 | €23,740 | €6,438 | €26,793 | ▲ 316% |
| Profit (loss) for the period to be appropriated9905 | -€539 | €11,781 | €51,591 | €58,497 | €74,470 | ▲ 27.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.6% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.6% |
| Land and buildings22 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 3.6% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €30,650 | €41,535 | €22,464 | €30,376 | €18,981 | ▼ 37.5% |
| Amounts receivable within one year40/41 | €1,392 | €19,668 | €0 | - | - | - |
| Trade receivables40 | €115 | €1,301 | €0 | - | - | - |
| Other amounts receivable41 | €1,277 | €18,367 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €24,258 | €19,148 | €22,464 | €29,507 | €18,981 | ▼ 35.7% |
| Deferred charges and accrued income490/1 | €5,000 | €2,718 | €0 | €869 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 4.6% |
| Equity10/15 | €209,235 | €197,277 | €225,128 | €277,188 | €324,685 | ▲ 17.1% |
| Contributions10/11 | €455,000 | €455,000 | €455,000 | €455,000 | €455,000 | = |
| Capital10 | €455,000 | €455,000 | €455,000 | €455,000 | €455,000 | = |
| Issued capital100 | €455,000 | €455,000 | €455,000 | €455,000 | €455,000 | = |
| Reserves13 | €290,633 | €266,893 | €243,153 | €236,716 | €209,743 | ▼ 11.4% |
| Non-distributable reserves130/1 | €7,466 | €7,466 | €7,466 | €7,466 | €7,466 | = |
| Legal reserve130 | €7,466 | €7,466 | €7,466 | €7,466 | €7,466 | = |
| Tax-exempt reserves132 | €198,260 | €174,521 | €150,781 | €144,343 | €117,370 | ▼ 18.7% |
| Distributable reserves133 | €84,906 | €84,906 | €84,906 | €84,906 | €84,906 | = |
| Profit (loss) carried forward14 | -€536,398 | -€524,617 | -€473,025 | -€414,528 | -€340,058 | ▲ 18.0% |
| Provisions and deferred taxes16 | €102,089 | €89,865 | €77,640 | €48,114 | €39,123 | ▼ 18.7% |
| Deferred taxes168 | €102,089 | €89,865 | €77,640 | €48,114 | €39,123 | ▼ 18.7% |
| Amounts payable17/49 | €912,452 | €900,013 | €819,295 | €766,118 | €677,663 | ▼ 11.5% |
| Amounts payable after more than one year17 | €593,424 | €580,673 | €567,693 | €554,478 | €486,025 | ▼ 12.3% |
| Financial debts170/4 | €593,424 | €580,673 | €567,693 | €554,478 | €486,025 | ▼ 12.3% |
| Amounts payable within one year42/48 | €305,688 | €305,914 | €248,102 | €207,172 | €190,716 | ▼ 7.9% |
| Current portion of amounts payable after more than one year42 | €12,524 | €12,750 | €12,980 | €13,215 | €13,453 | ▲ 1.8% |
| Trade debts44 | €0 | - | - | €32 | €0 | ▼ 100% |
| Suppliers440/4 | €0 | - | - | €32 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €5,400 | €5,400 | €5,400 | €647 | €311 | ▼ 51.9% |
| Taxes450/3 | €5,400 | €5,400 | €5,400 | €397 | €311 | ▼ 21.7% |
| Remuneration and social security454/9 | - | - | - | €250 | €0 | ▼ 100% |
| Other amounts payable47/48 | €287,764 | €287,764 | €229,721 | €193,278 | €176,951 | ▼ 8.4% |
| Accrued charges and deferred income492/3 | €13,340 | €13,426 | €3,500 | €4,468 | €922 | ▼ 79.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,004 | -€11,958 | €27,852 | €52,060 | €47,677 | ▼ 8.4% |
| + Depreciation and write-downs630 | €66,477 | €49,655 | €46,021 | €38,554 | €38,554 | = |
| Operating cash flow (approximation) | €41,474 | €37,697 | €73,873 | €90,614 | €86,231 | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | -€2,150 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,110 | €3,316 | €7,042 | -€10,526 | ▼ 249% |
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
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71382D1650/00D000 | Flanders | 4,773 m² | 1 · 310 m² | 20.2 m · 2 fl. |
| 71049B1200/00R002 | Flanders | 413 m² | 1 · 179 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.