MARQA (0728.912.735): financials and annual accounts

MARQA

Antwerp ·KBO/BCE: BE 0728.912.735

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	1.2m	1.1m	275,907	124,186	223,712	40,004
Fixed assets`21/28`	73,905	91,157	99,687	93,131	45,403	11,723
Intangible fixed assets`21`	450	774	1,098	1,422	-	-
Tangible fixed assets`22/27`	73,185	90,113	98,319	91,439	45,133	11,723
Land and buildings`22`	28,192	33,829	40,011	42,667	10,330	11,723
Plant, machinery and equipment`23`	8,772	13,603	9,167	7,790	-	-
Furniture and vehicles`24`	15,420	18,379	21,338	9,679	-	-
Other tangible fixed assets`26`	20,802	24,302	27,803	31,303	34,804	-
Financial fixed assets`28`	270	270	270	270	270	-
Current assets`29/58`	1.1m	1.0m	176,219	31,055	178,308	28,282
Stocks and contracts in progress`3`	454,498	527,415	67,415	-	-	-
Stocks`30/36`	454,498	527,415	67,415	-	-	-
Amounts receivable within one year`40/41`	578,927	479,511	101,814	1,821	151,825	25,932
Trade receivables`40`	578,512	479,451	101,724	1,816	151,825	25,272
Other amounts receivable`41`	415	60	90	5	-	660
Cash at bank and in hand`54/58`	58,614	16,923	6,991	29,235	26,483	2,091
Deferred charges and accrued income`490/1`	12,000	-	-	-	-	259
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	1.1m	275,907	124,186	223,712	40,004
Equity`10/15`	127,158	158,581	110,004	33,375	122,849	-17,387
Contributions`10/11`	80,000	80,000	80,000	80,000	80,000	80,000
Profit (loss) carried forward`14`	47,158	78,581	30,004	-46,625	42,849	-97,387
Amounts payable`17/49`	1.1m	956,424	165,902	90,811	100,863	57,391
Amounts payable after more than one year`17`	634,972	481,417	-	-	445	-
Financial debts`170/4`	634,972	481,417	-	-	445	-
Amounts payable within one year`42/48`	415,815	475,007	165,902	90,811	100,418	57,391
Current portion of amounts payable after more than one year`42`	-	-	-	889	5,778	-
Financial debts`43`	245	2,316	156	78	-	-
Credit institutions`430/8`	245	2,316	156	78	-	-
Trade debts`44`	382,153	416,202	114,597	68,909	44,594	36,206
Suppliers`440/4`	382,153	416,202	114,597	68,909	44,594	36,206
Advances received on contracts in progress`46`	-	-	-	-	37,400	21,000
Taxes, remuneration and social security`45`	30,396	52,590	42,919	18,435	12,646	-
Taxes`450/3`	30,396	52,590	42,919	18,435	12,646	-
Other amounts payable`47/48`	3,020	3,899	8,230	2,500	-	185
Income statement
Gross operating margin`9900`	-652	87,880	102,100	-71,141	148,475	-93,726
Remuneration, social security and pensions`62`	-	96	80	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	19,052	20,542	16,012	11,326	1,594	2,205
Other operating charges`640/8`	10,342	3,432	3,273	5,397	536	1,416
Operating profit (loss)`9901`	-30,046	63,811	82,734	-87,864	146,344	-97,347
Financial income`75/76B`	150	-	284	1,028	489	-
Recurring financial income`75`	150	-	284	1,028	489	-
Financial charges`65/66B`	1,529	1,102	6,316	2,638	300	40
Recurring financial charges`65`	1,529	1,102	6,316	2,638	300	40
Profit (loss) for the period before taxes`9903`	-31,424	62,709	76,703	-89,474	146,534	-97,387
Income taxes`67/77`	-	14,132	74	-	6,298	-
Profit (loss) for the period`9904`	-31,424	48,577	76,629	-89,474	140,235	-97,387
Profit (loss) for the period to be appropriated`9905`	-31,424	48,577	76,629	-89,474	140,235	-97,387
Appropriation of the result
Profit (loss) to be appropriated`9906`	47,158	78,581	30,004	-46,625	42,849	-97,387
Profit (loss) brought forward from the previous period`14P`	78,581	30,004	-46,625	42,849	-97,387	-
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	29-09-2026	2026-00529103	PDF
31-12-2024	micro format	07-10-2025	2025-00533356	PDF
31-12-2023	micro format	26-09-2024	2024-00473025	PDF
31-12-2022	micro format	26-04-2024	2024-00070213	PDF
31-12-2021	micro format	09-12-2022	2022-20534444	PDF
31-12-2020	micro format	22-11-2021	2021-78000152	PDF

Line	2025	2024	2023	2022	2021	2020
EBITDA	-10,994	84,353	98,746	-76,538	147,938	-95,141
Cash flow	-12,372	69,119	92,641	-78,148	141,830	-95,181
Investment in fixed assets	1,800	19,595	22,568	59,054	35,275	13,928
Change in cash	41,692	9,932	-22,244	2,752	24,392	-
Working capital	688,224	548,841	10,317	-59,756	77,890	-29,109
Solvency	10.8%	14.2%	39.9%	26.9%	54.9%	-43.5%
Current ratio	2.66	2.16	1.06	0.34	1.78	0.49
Quick ratio	1.56	1.05	0.66	0.34	1.78	0.49
Debt to equity	8.26	6.03	1.51	2.72	0.82	-
ROE	-24.7%	30.6%	69.7%	-268.1%	114.2%	-
ROA	-2.7%	4.4%	27.8%	-72.0%	62.7%	-243.4%
Interest coverage	-7.19	76.52	15.63	-29.01	over 100	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,800	€19,595	€22,568	€57,434	€35,005
Intangible fixed assets	-	-	-	€1,620	-
Financial fixed assets	-	-	-	-	€270
Depreciation and write-downs of the year	€19,052	€20,542	€16,012	€11,326	€1,594

MARQA

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency10.8%

Current ratio2.66

Return on assets-2.7%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MARQA

Next steps