MARVA
ActiveMARVA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €-3k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 11185 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-63
Solvency98=
Growth46▼-19
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 2.23 in 2024), and 40.9% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
59.1%
Return on assets
-2.6%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
57 d late
2022
6 d early
2021
4 d late
2020
61 d late
2019
25 d late
2018
139 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€282k▼ 10.8%
2024 · €316k
2018: €289k
2019: €240k
2020: €257k
2021: €336k
2022: €335k
2024: €316k
2018 → 2025
EBIT margin
-0.9%▼ 8.7pp
2024 · 7.7%
2018: 2.6%
2019: 5.6%
2020: -2.3%
2021: 3.0%
2022: 1.8%
2024: 7.7%
2018 → 2025
Net result
€-3k
2024 · €13k
2018: €475
2019: €12k
2020: €-12k
2021: €2k
2022: €2k
2024: €13k
2018 → 2025
Working capital
€54k▼ 4.9%
2024 · €57k
2018: €133k
2019: €111k
2020: €99k
2021: €82k
2022: €80k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Turnover€257k-€336k▲ 30.7%€335k▼ 0.3%€316k▼ 5.7%€282k▼ 10.8%
Equity€43k-€45k▲ 4.1%€47k▲ 4.6%€65k▲ 36.3%€62k▼ 4.3%
Operating result€-6k-€10k€6k▼ 39.7%€24k▲ 301%€-3k
Net result€-12k-€2k€2k▲ 17.7%€13k▲ 530%€-3k
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 €3k after €24k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€8k=
Current assets
€97k▼ 6.0%
Equity and liabilities €105k
Equity
€62k▼ 4.3%
Debt
€43k▼ 7.4%
The debt ratio falls from 41.7% to 40.9%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
59.1%▲
2024 · 58.3%
Current ratio
2.26▲
2024 · 2.23
Quick ratio
1.32▲
2024 · 0.50
Debt / equity
0.69▼
2024 · 0.72
ROE
-4.5%▼
2024 · 20.4%
ROA
-2.6%▼
2024 · 11.9%
Debt
€43k▼
2024 · €46k
Debt ≤ 1 year
€43k▼
2024 · €46k
Income taxes
€-83▼
2024 · €10k
Staff costs
€38k▲
2024 · €33k
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€111k€105k▼
Fixed assets21/28€8k€8k=
Financial fixed assets28€8k€8k=
Current assets29/58€103k€97k▼
Stocks and contracts in progress3€80k€40k▼
Stocks30/36€80k€40k▼
Amounts receivable within one year40/41€8k€8k▼
Other amounts receivable41€8k€8k▼
Cash at bank and in hand54/58€15k€48k▲
Equity and liabilities
Total equity and liabilities10/49€111k€105k▼
Equity10/15€65k€62k▼
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€44k€41k▼
Amounts payable17/49€46k€43k▼
Amounts payable within one year42/48€46k€43k▼
Trade debts44€16k€10k▼
Suppliers440/4€16k€10k▼
Taxes, remuneration and social security45€30k€33k▲
Taxes450/3€23k€23k▲
Remuneration and social security454/9€7k€10k▲
Income statement
Code20242025
Turnover70€316k€282k▼
Goods, raw materials, services and sundry goods60/61€297k€260k▼
Remuneration, social security and pensions62€33k€38k▲
Other operating charges640/8€875€707▼
Gross operating margin9900€58k€36k▼
Operating profit (loss)9901€24k€-3k▼
Financial income75/76B€829-
Recurring financial income75€829-
Financial charges65/66B€2k€183▼
Recurring financial charges65€2k€183▼
Profit (loss) for the period before taxes9903€24k€-3k▼
Income taxes67/77€10k€-83▼
Profit (loss) for the period9904€13k€-3k▼
Profit (loss) for the period to be appropriated9905€13k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€41k▼
Profit (loss) brought forward from the previous period14P€31k€44k▲
The notes to these accounts (4 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
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2018net €13k ▲530%
Operating result €24k, net result €13k, both a record.
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-12k ▼202%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 139 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
MOHAMMAD Nasim
CurrentDirector · since 22-11-2023
22-11-2023
Resigned as Director (executive)
22-11-2023
Appointed as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1999
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.
Louizalaan 3671050 ElseneGround area
646 m²
Building footprint
353 m²
Volume, LiDAR
4,965 m³
2 parcels, Brussels, Wallonia · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
DE STUNT
since 19992.037.543.495
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372D0044/00C004 | Wallonia | 380 m² | 1 · 88 m² | 15.7 m · 5 fl. |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ASHCOR
BE 0437.536.712
Jurbise · Eq €62k
D.-L. DISTRIBUTION
BE 0864.075.109
Kontich · Eq €62k
Publi - Sportwear Diffusion
BE 0445.181.894
Floreffe · Eq €64k
UPTOWN
BE 0433.238.523
Sint-Pieters-Woluwe · Eq €64k
YEGA MODE
BE 0460.332.504
Schaarbeek · Eq €65k
Of 683 companies in sector 46412 we hold annual accounts for 512. 356 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-1987
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
47512Retail sale of household textiles and bedding
51410
52410
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.