Marval
ActiveSummary
Marval has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €92k and a net result of €-669. Equity remains stable across the filed fiscal years (±0.6% per year). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▲+7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 21.29 against 22.59 in 2023; short-term debt: 3.5% and cash: 12.3% of total assets), and 6.1% of the assets are financed with debt.
Credit check 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 · 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 2024Solvency, return and age of the figures
Solvency
93.9%
Return on assets
-0.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-669
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
not confirmed
2024
70 d late
2023
31 d late
2022
60 d late
2021
151 d late
2020
31 d late
2019
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€92k▼ 0.7%
2023 · €92k
Total assets
€98k▲ 2.4%
2023 · €95k
Net result
€-669▲ 88.6%
2023 · €-6k
Working capital
€70k▲ 8.7%
2023 · €65k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-4k€2k€-4k€-6k▼ 56.1%€-6k▼ 7.6%
Net result€-608€4k€-699€-6k▼ 739%€-669▲ 88.6%
Equity€95k▼ 0.6%€99k▲ 4.5%€98k▼ 0.7%€92k▼ 6.0%€92k▼ 0.7%
Total assets€96k▲ 0.2%€99k▲ 3.7%€98k▼ 0.8%€95k▼ 3.0%€98k▲ 2.4%
Debt€907▲ 500%€235▼ 74.1%€135▼ 42.4%€3k▲ 2,115%€6k▲ 99.8%
Working capital€58k▲ 6.2%€66k▲ 13.6%€65k€70k▲ 8.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €98k
Fixed assets
€24k ▼ 13.5%
Current assets
€74k ▲ 9.0%
Equity and liabilities €98k
Equity
€92k ▼ 0.7%
Debt
€6k ▲ 99.8%
Debt's share of the balance-sheet total rises from 3.1% to 6.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2023 · €-2k
Cash flow
€3k▲
2023 · €-2k
Current ratio
21.29▼
2023 · 22.59
Debt to equity
0.07▲
2023 · 0.03
ROE
-0.7%▲
2023 · -6.3%
ROA
-0.7%▲
2023 · -6.1%
Interest coverage
-62.56▼
2023 · -32.06
Debt ≤ 1 year
€3k▲
2023 · €3k
Income taxes
€-3k▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €4k | ▲ 3.8% |
| Other operating charges640/8 | - | €3k | €3k | €4k | €4k | ▲ 3.8% |
| Gross operating margin9900 | €3k | €9k | €3k | €2k | €1k | ▼ 10.1% |
| Operating profit (loss)9901 | €-4k | €2k | €-4k | €-6k | €-6k | ▼ 7.6% |
| Financial income75/76B | - | €2k | €3k | €2k | €3k | ▲ 21.6% |
| Recurring financial income75 | €4k | €2k | €3k | €2k | €3k | ▲ 21.6% |
| Financial charges65/66B | - | €32 | €31 | €64 | €38 | ▼ 41.5% |
| Recurring financial charges65 | €30 | €32 | €31 | €64 | €38 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €-608 | €4k | €-699 | €-3k | €-3k | ▲ 3.6% |
| Income taxes67/77 | - | - | - | €3k | €-3k | ▼ 200% |
| Profit (loss) for the period9904 | €-608 | €4k | €-699 | €-6k | €-669 | ▲ 88.6% |
| Profit (loss) for the period to be appropriated9905 | €-608 | €4k | €-699 | €-6k | €-669 | ▲ 88.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96k | €99k | €98k | €95k | €98k | ▲ 2.4% |
| Fixed assets21/28 | €37k | €33k | €30k | €28k | €24k | ▼ 13.5% |
| Tangible fixed assets22/27 | €36k | €32k | €29k | €27k | €23k | ▼ 14.1% |
| Land and buildings22 | - | €24k | €22k | €20k | €18k | ▼ 9.5% |
| Plant, machinery and equipment23 | - | €8k | €7k | €7k | €5k | ▼ 28.0% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €59k | €66k | €69k | €68k | €74k | ▲ 9.0% |
| Amounts receivable within one year40/41 | €40k | €59k | €66k | €66k | €62k | ▼ 7.1% |
| Trade receivables40 | - | - | - | - | €1k | - |
| Other amounts receivable41 | - | €59k | €66k | €66k | €61k | ▼ 8.9% |
| Cash at bank and in hand54/58 | €8k | €7k | €2k | €1k | €12k | ▲ 846% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96k | €99k | €98k | €95k | €98k | ▲ 2.4% |
| Equity10/15 | €95k | €99k | €98k | €92k | €92k | ▼ 0.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €24k | €24k | €24k | €24k | €24k | = |
| Non-distributable reserves130/1 | - | €24k | €24k | €24k | €24k | = |
| Legal reserve130 | - | €24k | €24k | €24k | €24k | = |
| Profit (loss) carried forward14 | €9k | €13k | €13k | €7k | €6k | ▼ 9.7% |
| Amounts payable17/49 | €907 | €235 | €135 | €3k | €6k | ▲ 99.8% |
| Amounts payable within one year42/48 | €907 | €235 | - | €3k | €3k | ▲ 15.6% |
| Trade debts44 | €907 | €235 | - | €3k | €3k | ▲ 15.6% |
| Suppliers440/4 | - | €235 | - | €3k | €3k | ▲ 15.6% |
| Accrued charges and deferred income492/3 | - | - | €135 | - | €3k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-608 | €4k | €-699 | €-6k | €-669 | ▲ 88.6% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €4k | ▲ 3.8% |
| Operating cash flow (approximation) | €3k | €8k | €3k | €-2k | €3k | ▲ 237% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-1k | €-5k | €-893 | €11k | ▲ 1,305% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 279.98
Current ratio from 64.69 to 279.98; short-term debt falls from €907 to €235.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €7k ▲9%
Operating result €6k, net result €7k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 360.71
Current ratio from 95.35 to 360.71; short-term debt falls from €453 to €151.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Joost-ten-Node · 1 establishment unit since 1992
Ground area
3,465 m²
Building footprint
3,289 m²
Volume, LiDAR
94,282 m³
Parcel 21572B0104/00F000, Brussels · tallest building 74.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Willemsstraat 14 1, 1210 Sint-Joost-ten-Node
since 19922.016.329.694
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0104/00F000 | Brussels | 3,465 m² | 1 · 3,289 m² | 74.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded22-12-1978
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.