MARSU
ActiveMARSU has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €-13k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-80
Solvency36▼-40
Growth59▼-14
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.7 against 1.93 in 2024; short-term debt: 7% and cash: 0.9% of total assets), but 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
-3.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-12-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
127 d early
2023
62 d early
2022
57 d early
2020
40 d early
2019
45 d early
2018
320 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.04M▲ 36.6%
2023 · €758k
2019: €537k
2020: €530k
2022: €587k
2023: €758k
2019 → 2025
EBIT margin
-0.2%▼ 0.9pp
2023 · 0.7%
2019: -0.4%
2020: -0.7%
2022: -2.2%
2023: 0.7%
2019 → 2025
Net result
€-13k
2024 · €24k
2019: €-2k
2020: €-4k
2022: €-13k
2023: €4k
2024: €24k
2019 → 2025
Working capital
€63k▲ 99.3%
2024 · €32k
2019: €18k
2020: €18k
2022: €6k
2023: €18k
2024: €32k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€530k-€587k▲ 10.7%€758k▲ 29.2%€1.04M
Equity€20k-€7k▼ 67.3%€11k▲ 65.0%€35k▲ 227%€37k▲ 5.6%
Operating result€-4k-€-13k▼ 239%€6k€25k▲ 345%€-2k
Net result€-4k-€-13k▼ 229%€4k€24k▲ 475%€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €25k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €332k
Fixed assets
€245k▲ 6,908%
Current assets
€86k▲ 31.5%
Equity and liabilities €332k
Equity
€37k▲ 5.6%
Debt
€295k▲ 768%
The debt ratio rises from 49.2% to 88.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €25k
Cash flow
€-8k▼
2024 · €25k
Solvency
11.2%▼
2024 · 50.8%
Current ratio
3.70▲
2024 · 1.93
Quick ratio
0.88▲
2024 · 0.30
Debt / equity
7.96▲
2024 · 0.97
ROE
-34.0%▼
2024 · 69.4%
ROA
-3.8%▼
2024 · 35.2%
Interest coverage
0.58▼
2024 · 152.39
Debt
€295k▲
2024 · €34k
Debt ≤ 1 year
€23k▼
2024 · €34k
Debt > 1 year
€271k
Income taxes
€6k▲
2024 · €120
Staff costs
€66k▲
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€69k€332k▲
Fixed assets21/28€4k€245k▲
Tangible fixed assets22/27€1k€243k▲
Land and buildings22-€242k
Other tangible fixed assets26€1k€901▼
Financial fixed assets28€2k€2k▲
Current assets29/58€65k€86k▲
Stocks and contracts in progress3€55k€66k▲
Stocks30/36€55k€66k▲
Amounts receivable within one year40/41€772€17k▲
Other amounts receivable41€772€17k▲
Cash at bank and in hand54/58€9k€3k▼
Deferred charges and accrued income490/1€839€275▼
Equity and liabilities
Total equity and liabilities10/49€69k€332k▲
Equity10/15€35k€37k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€15k€17k▲
Amounts payable17/49€34k€295k▲
Amounts payable after more than one year17-€271k
Financial debts170/4-€179k
Other amounts payable178/9-€92k
Amounts payable within one year42/48€34k€23k▼
Current portion of amounts payable after more than one year42-€10k
Trade debts44€22k€3k▼
Suppliers440/4€22k€3k▼
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9€4k€8k▲
Other amounts payable47/48€5k€295▼
Income statement
Code20242025
Turnover70-€1.04M
Goods, raw materials, services and sundry goods60/61-€1.04M
Remuneration, social security and pensions62€45k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€656€5k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€71k€70k▼
Operating profit (loss)9901€25k€-2k▼
Financial income75/76B-€303
Recurring financial income75-€303
Financial charges65/66B€166€5k▲
Recurring financial charges65€166€5k▲
Profit (loss) for the period before taxes9903€24k€-6k▼
Income taxes67/77€120€6k▲
Profit (loss) for the period9904€24k€-13k▼
Profit (loss) for the period to be appropriated9905€24k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€2k▼
Profit (loss) brought forward from the previous period14P€-9k€15k▲
Shareholders' contribution to the loss794-€15k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €24k ▲475%
Operating result €25k, net result €24k, both a record.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 320 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
13-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilbeek · 2 establishment units since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselstraat 2071702 DilbeekGround area
234 m²
Building footprint
278 m²
Volume, LiDAR
1,746 m³
Parcel 23026B0067/00Z000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MOBS krantenwinkel
since 20102.196.476.413
MOBY'S SANDWICH
since 20192.286.073.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026B0067/00Z000 | Flanders | 234 m² | 1 · 278 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesDilbeek2.286.073.927
Dilbeek2.196.476.413
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EURO TEL
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Of 10,529 companies in sector 47110 we hold annual accounts for 5,858. 4,538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2010
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.