Marshall Corp.
The computed 12-month bankruptcy probability of Marshall Corp. is 1.9% (moderate). The 2022 annual accounts show equity of €27k and a net result of €-37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €27k |
| Net result | €-37k |
| Staff (FTE) | 3.1 |
| Active | 9 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 14 other metrics
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-20k |
| Net profit | €-37k |
| Cash flow | €-33k |
| Staff costs | €60k |
| Income taxes | €120 |
| Dividends | - |
| Total assets | €280k |
| Equity | €27k |
| Debt | €253k |
| of which ≤ 1y | €219k |
| of which > 1y | €34k |
| Working capital | €47k |
| Employees (FTE) | 3.1 |
| 2022 | |
|---|---|
| Current ratio | 1.21 |
| Quick ratio | 0.68 |
| Working capital ratio | 16.7% |
| Solvency | 9.7% |
| Debt / equity | 9.30 |
| Long-term debt ratio | 1.26 |
| Interest coverage | -1.35 |
| Gross margin | - |
| Net margin | - |
| ROA | -13.1% |
| ROE | -135.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €280k |
| Fixed assets | 21/28 | €15k |
| Tangible fixed assets | 22/27 | €15k |
| Current assets | 29/58 | €266k |
| Stocks & contracts in progress | 3 | €117k |
| Amounts receivable within one year | 40/41 | €140k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €280k |
| Equity | 10/15 | €27k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €7k |
| Amounts payable | 17/49 | €253k |
| Amounts payable after one year | 17 | €34k |
| Amounts payable within one year | 42/48 | €219k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €44k |
| Operating result | 9901 | €-24k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €15k |
| Result before taxes | 9903 | €-37k |
| Income taxes | 67/77 | €120 |
| Net result for the period | 9904 | €-37k |
| Result to be appropriated | 9905 | €-37k |
-
Xavier Van DievoetManaging directorState Gazette act 26106499 (19-08-2026)Current19-08-2026 → present
Former directors (1)
-
Renaud MaréchalManaging directorState Gazette act 26106499 (19-08-2026)Former- → 19-08-2026
| NACE primary | Groothandel in dranken, algemeen assortiment(46349) |
| Legal form | Private limited company(610) |
| Incorporation | 18-10-2016 |
| Status | Active |
| Postal code | 4280 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64034A0812/00L000 | Wallonia | 2,403 m² | 1 · 1,052 m² | 14.6 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
19-08-2026 Act object · General meeting · Officer resignation · Officer appointment
- Act object: DEMISSION - NOMINATION · MARSHALL CORP
- Publication: 2026-08-19 · MARSHALL CORP
- Filing: 2026-08-03 · MARSHALL CORP
- General meeting: 2026-07-01 · MARSHALL CORP
- Officer resignation: role: administrateur-délégué · Renaud Maréchal
- Officer appointment: role: administrateur-délégué, start_date: 2026-07-01 · Xavier Van Dievoet
Technical details
{
"facts": [
{
"type": "act_object",
"quote": "Objet de l\u0027acte : DEMISSION - NOMINATION",
"value": "DEMISSION - NOMINATION",
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},
{
"date": "2026-08-19",
"type": "publication",
"quote": "Bijlagen bij het Belgisch Staatsblad - 19/08/2026 - Annexes du Moniteur belge",
"value": "2026-08-19",
"object": null,
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},
{
"date": "2026-08-03",
"type": "filing",
"quote": "03 ADUT 2026",
"value": "2026-08-03",
"object": null,
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},
{
"date": "2026-07-01",
"type": "general_meeting",
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},
{
"type": "officer_resignation",
"quote": "Monsieur Renaud Mar\u00E9chal est d\u00E9mis de sa fonction d\u0027administrateur et par cons\u00E9quent d\u0027administrateur d\u00E9l\u00E9gu\u00E9",
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},
{
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"quote": "Monsieur Xavier Van Dievoet est nomm\u00E9 administrateur-d\u00E9l\u00E9gu\u00E9",
"value": {
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],
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},
"entities": [
{
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}
]
}14-05-2025 Registered office moved to Hannut
- Rue des Artisans, 11 - 4280 Hannut
Technical details
{
"events": [
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"seat_type": "siege_social",
"new_address": {
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"country": "BE",
"postcode": "4280",
"box_number": null,
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"locality_suffix": null
},
"old_address": null,
"effective_date": "2025-04-28",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
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"effective_date_qualifier": "immediate",
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}
],
"notary": {
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},
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"org_rep_person_name": null,
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"co_filed_documents": []
}| Legal nameFR | Marshall Corp. |
| Trade nameFR | Marshall Corp. |