Summary
MARQUANT 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 €93,336 and a net result of €220,348. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 492 sector peers (fiscal year 2025). The company has been active since 1981 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
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €93,336
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 13-04-2026, 109 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
109 d early
2024
13 d late
2023
114 d early
2022
10 d late
2021
80 d early
2020
25 d late
2019
89 d late
← 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 24 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€93,336▲ 27.9%
2024 · €72,988
Net result
€220,348▲ 11.8%
2024 · €197,169
Total assets
€338,867▲ 12.2%
2024 · €302,002
Solvency
27.5%▲ 3.4pp
2024 · 24.2%
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€182,748▼ 8.3%€167,275▼ 8.5%€166,109▼ 0.7%€208,166▲ 25.3%€231,639▲ 11.3%
Net result€176,156▼ 5.8%€161,066▼ 8.6%€157,516▼ 2.2%€197,169▲ 25.2%€220,348▲ 11.8%
Equity€287,238▲ 6.0%€298,303▲ 3.9%€45,819▼ 84.6%€72,988▲ 59.3%€93,336▲ 27.9%
Total assets€496,381▲ 5.8%€496,526=€502,133▲ 1.1%€302,002▼ 39.9%€338,867▲ 12.2%
Debt€209,144▲ 5.7%€198,223▼ 5.2%€456,314▲ 130%€229,013▼ 49.8%€245,530▲ 7.2%
Working capital€280,727▲ 4.0%€300,736▲ 7.1%€50,277▼ 83.3%€81,602▲ 62.3%€99,455▲ 21.9%
Solvency57.9%▲ 0.1pp60.1%▲ 2.2pp9.1%▼ 51.0pp24.2%▲ 15.0pp27.5%▲ 3.4pp
Staff (FTE)2.4▲ 4.3%2.7▲ 12.5%2.7=2.1▼ 22.2%1.8▼ 14.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338,867
Fixed assets
€4,281 ▼ 55.0%
Current assets
€334,585 ▲ 14.4%
Equity and liabilities €338,867
Equity
€93,336 ▲ 27.9%
Debt
€245,530 ▲ 7.2%
Debt's share of the balance-sheet total falls from 75.8% to 72.5%. Equity and debt are higher.
Key figures and ratios
ROE
236.1%▼
2024 · 270.1%
ROA
65.0%▼
2024 · 65.3%
Debt ≤ 1 year
€235,131▲
2024 · €210,886
Debt > 1 year
€0▼
2024 · €9,711
Income taxes
€10,696▲
2024 · €10,382
Staff costs
€102,546▼
2024 · €115,139
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 | €2,283 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €117,307 | €128,797 | €141,040 | €115,139 | €102,546 | ▼ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,949 | €11,519 | €5,466 | €5,265 | €5,232 | ▼ 0.6% |
| Other operating charges640/8 | €1,490 | €1,431 | €1,305 | €5,344 | €2,282 | ▼ 57.3% |
| Gross operating margin9900 | €309,493 | €309,022 | €313,921 | €333,914 | €341,699 | ▲ 2.3% |
| Operating profit (loss)9901 | €182,748 | €167,275 | €166,109 | €208,166 | €231,639 | ▲ 11.3% |
| Financial income75/76B | €2,558 | €1,941 | €1,489 | €2 | €0 | ▼ 100% |
| Recurring financial income75 | €2,558 | €1,941 | €1,489 | €2 | €0 | ▼ 100% |
| Financial charges65/66B | €556 | €714 | €643 | €617 | €594 | ▼ 3.7% |
| Recurring financial charges65 | €556 | €714 | €643 | €617 | €594 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €184,749 | €168,501 | €166,955 | €207,551 | €231,044 | ▲ 11.3% |
| Income taxes67/77 | €8,593 | €7,435 | €9,439 | €10,382 | €10,696 | ▲ 3.0% |
| Profit (loss) for the period9904 | €176,156 | €161,066 | €157,516 | €197,169 | €220,348 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €176,156 | €161,066 | €157,516 | €197,169 | €220,348 | ▲ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €496,381 | €496,526 | €502,133 | €302,002 | €338,867 | ▲ 12.2% |
| Fixed assets21/28 | €30,809 | €20,245 | €14,779 | €9,514 | €4,281 | ▼ 55.0% |
| Tangible fixed assets22/27 | €30,065 | €19,501 | €14,035 | €8,770 | €3,538 | ▼ 59.7% |
| Plant, machinery and equipment23 | €1,000 | €1,123 | €604 | €286 | €0 | ▼ 100% |
| Furniture and vehicles24 | €29,065 | €18,378 | €13,431 | €8,485 | €3,538 | ▼ 58.3% |
| Financial fixed assets28 | €744 | €744 | €744 | €744 | €744 | = |
| Current assets29/58 | €465,572 | €476,281 | €487,354 | €292,488 | €334,585 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €176,277 | €105,269 | €105,538 | €41,284 | €43,078 | ▲ 4.3% |
| Trade receivables40 | €44,258 | €39,929 | €41,207 | €40,105 | €43,078 | ▲ 7.4% |
| Other amounts receivable41 | €132,019 | €65,339 | €64,330 | €1,180 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €286,738 | €368,072 | €381,816 | €251,204 | €291,508 | ▲ 16.0% |
| Deferred charges and accrued income490/1 | €2,557 | €2,941 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €496,381 | €496,526 | €502,133 | €302,002 | €338,867 | ▲ 12.2% |
| Equity10/15 | €287,238 | €298,303 | €45,819 | €72,988 | €93,336 | ▲ 27.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €268,638 | €279,703 | €27,219 | €54,388 | €74,736 | ▲ 37.4% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €266,778 | €277,843 | €27,219 | €54,388 | €74,736 | ▲ 37.4% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €209,144 | €198,223 | €456,314 | €229,013 | €245,530 | ▲ 7.2% |
| Amounts payable after more than one year17 | €15,465 | €13,507 | €11,639 | €9,711 | €0 | ▼ 100% |
| Financial debts170/4 | €15,465 | €13,507 | €11,639 | €9,711 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €184,845 | €175,545 | €437,077 | €210,886 | €235,131 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | €7,277 | €1,959 | €2,021 | €2,085 | €9,874 | ▲ 373% |
| Financial debts43 | €2 | €0 | - | - | - | - |
| Credit institutions430/8 | €2 | €0 | - | - | - | - |
| Trade debts44 | €4,105 | €2,981 | €4,032 | €2,166 | €3,997 | ▲ 84.5% |
| Suppliers440/4 | €4,105 | €2,981 | €4,032 | €2,166 | €3,997 | ▲ 84.5% |
| Taxes, remuneration and social security45 | €13,462 | €20,606 | €21,024 | €16,723 | €12,349 | ▼ 26.2% |
| Taxes450/3 | €60 | €3,410 | €3,296 | €3,682 | €434 | ▼ 88.2% |
| Remuneration and social security454/9 | €13,402 | €17,196 | €17,728 | €13,041 | €11,915 | ▼ 8.6% |
| Other amounts payable47/48 | €160,000 | €150,000 | €410,000 | €189,911 | €208,911 | ▲ 10.0% |
| Accrued charges and deferred income492/3 | €8,833 | €9,170 | €7,598 | €8,416 | €10,400 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €176,156 | €161,066 | €157,516 | €197,169 | €220,348 | ▲ 11.8% |
| + Depreciation and write-downs630 | €7,949 | €11,519 | €5,466 | €5,265 | €5,232 | ▼ 0.6% |
| Operating cash flow (approximation) | €184,105 | €172,585 | €162,982 | €202,434 | €225,581 | ▲ 11.4% |
| Investment in fixed assets (approximation) | - | -€955 | €0 | €0 | €0 | - |
| Change in cash | - | €81,333 | €13,744 | -€130,613 | €40,304 | ▲ 131% |
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
28-07
State Gazette act
Appointment: Thierry MARQUANT (director)Accounting effect3 facts ▸
State Gazette act
Appointment: Thierry MARQUANT (director)
Accounting effect3 facts ▸
- General meeting, 16/07/2026
- Accounting effect, 01/07/2026
- Director appointment, Thierry MARQUANT (director)
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €220,348 ▲11.8%
Operating result €231,639, net result €220,348, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Thierry MARQUANT
CurrentDirector · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Estaimpuis · 1 establishment unit since 1982
Ground area
429 m²
Building footprint
96 m²
Volume, LiDAR
822 m³
Parcel 57058C0390/00L000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Albert Ier(N) 17, 7730 Estaimpuis
since 19822.020.163.966
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57058C0390/00L000 | Wallonia | 429 m² | 1 · 96 m² | 10.2 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Thierry MARQUANT |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,219. 2,673 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
Founded14-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Scores and ratios are computed by Checked and are not a credit decision.