Equity
Equity fell by 75% in 2 years.
Equity fell by 75% in 2 years.
The result fell in 2025 from -€8,828 to -€89,639.
Short-term debts rose from €105,172 to €193,817.
Four of the last ten came late. The 2017 accounts came latest: 16 days after the end of the period.
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,392 companies.
In July 2024, 1,221 companies had the same profile as MARS 5 has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for MARS 5. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MARS 5 Ixelles | €227,135 | -€74,430 | 14.7% | - |
| MANAGEMENT & TRADE Ixelles | €275,468 | -€9,734 | 93.3% | - |
| LUCENTIUM Brussels | €226,429 | -€8,704 | 98.1% | - |
| MULLER CONSULTING Etterbeek | €224,682 | -€13,392 | 67.7% | - |
| AVVERDE Woluwe-Saint-Lambert | €234,705 | -€5,749 | 95.2% | - |
| AMADEUS CORPORATE FINANCE Woluwe-Saint-Pierre | €256,945 | -€4,265 | 95.0% | - |
| GTIK Etterbeek | €258,743 | -€5,004 | 71.6% | - |
These companies have the same main activity as MARS 5: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €225,000 and €275,000, founded between 2004 and 2007.
MARS 5 files the micro format. That format states no turnover. The gross margin fell from €125,700 in 2008 to -€74,430 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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