Marvago
Open bankruptcyA bankruptcy procedure is open for Marvago according to publications in the Belgian State Gazette; curator: DEBORAH ES. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show equity of €64k and a net result of €-76k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
31 d late
2022
31 d late
2021
31 d late
2020
181 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€64k▼ 54.5%
2022 · €140k
2020: €26k
2021: €71k
2022: €140k
2020 → 2023
Total assets
€247k▲ 7.2%
2022 · €230k
2020: €36k
2021: €103k
2022: €230k
2020 → 2023
Net result
€-76k
2022 · €69k
2020: €24k
2021: €45k
2022: €69k
2020 → 2023
Working capital
€62k▼ 55.6%
2022 · €139k
2020: €26k
2021: €70k
2022: €139k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€26k-€71k▲ 174%€140k▲ 96.9%€64k▼ 54.5%
Operating result€30k-€57k▲ 90.9%€99k▲ 72.7%€18k▼ 81.7%
Net result€24k-€45k▲ 88.0%€69k▲ 52.8%€-76k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 82% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €247k
Fixed assets
€21k▼ 26.6%
Current assets
€227k▲ 11.9%
Equity and liabilities €247k
Equity
€64k▼ 54.5%
Debt
€183k▲ 103%
The debt ratio rises from 39.1% to 74.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▼
2022 · €101k
Cash flow
€-69k▼
2022 · €72k
Solvency
25.8%▼
2022 · 60.9%
Current ratio
1.38▼
2022 · 3.21
Quick ratio
1.34▼
2022 · 2.87
Debt / equity
2.87▲
2022 · 0.64
ROE
-119.7%▼
2022 · 49.2%
ROA
-30.9%▼
2022 · 30.0%
Interest coverage
8.07▼
2022 · 129.34
Debt
€183k▲
2022 · €90k
Debt ≤ 1 year
€165k▲
2022 · €63k
Debt > 1 year
€19k▼
2022 · €27k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€230k€247k▲
Fixed assets21/28€28k€21k▼
Tangible fixed assets22/27€28k€21k▼
Furniture and vehicles24€28k€21k▼
Current assets29/58€203k€227k▲
Amounts receivable after more than one year29€102k€102k=
Other amounts receivable291€102k€102k=
Stocks and contracts in progress3€21k€6k▼
Stocks30/36€21k€6k▼
Amounts receivable within one year40/41€69k€118k▲
Trade receivables40€19k€2k▼
Other amounts receivable41€50k€117k▲
Cash at bank and in hand54/58€4k-
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€230k€247k▲
Equity10/15€140k€64k▼
Contributions10/11€2k€2k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€69k€-7k▼
Amounts payable17/49€90k€183k▲
Amounts payable after more than one year17€27k€19k▼
Financial debts170/4€27k€19k▼
Amounts payable within one year42/48€63k€165k▲
Current portion of amounts payable after more than one year42-€5k
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€11k€105k▲
Suppliers440/4€11k€105k▲
Taxes, remuneration and social security45€50k€49k▼
Taxes450/3€50k€49k▼
Other amounts payable47/48€2k€999▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€103k€31k▼
Operating profit (loss)9901€99k€18k▼
Financial income75/76B€7k€9k▲
Recurring financial income75€7k€9k▲
Financial charges65/66B€16k€104k▲
Recurring financial charges65€783€3k▲
Non-recurring financial charges66B€16k€101k▲
Profit (loss) for the period before taxes9903€89k€-76k▼
Income taxes67/77€20k-
Profit (loss) for the period9904€69k€-76k▼
Profit (loss) for the period to be appropriated9905€69k€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€-7k▼
Profit (loss) brought forward from the previous period14P€244€69k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
09-09
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · MARVAGO BV GRENS- STRAAT 115, 3140 KEERBERGEN · event 03-09-2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
30-04
Judicial reorganisation
Opening
Ondernemingsrechtbank Leuven · collectif · event 25-04-2024
2023
31-12
Financial
Weakest financial yearnet €-76k ▼211%
Net result drops to €-76k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2020net €69k ▲52.8%
Operating result €99k, net result €69k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲96.9%
3 profitable years in a row build equity to €140k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 181 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Keerbergen · 1 establishment unit since 2020
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.
Grensstraat 1153140 KeerbergenGround area
4,366 m²
Building footprint
391 m²
Volume, LiDAR
2,231 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Marvago
since 20202.297.916.043
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0350/00C000 | Flanders | 2,946 m² | 1 · 233 m² | 9.3 m · 2 fl. |
| 24048D0188/00K000 | Flanders | 1,420 m² | 1 · 157 m² | 7.8 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DEBORAH ES KRAASBEEKSTRAAT 41, 3390 TIELT (BT.)- |
03-09-2024 → present |
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2019
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:olivier_maras@hotmail.com
Phone:0491177171