Equity
€314,302 from €569,945 in 2019
Equity fell by 45% in 6 years.
MARVIMMO
Lifetime
18 annual accounts with figures on one time axispeak €172,415 (2019)
€67,457▲ 48.2%
lowest -€403,716 (2020)
€41,969▲ 50.3%
peak €569,945 (2019)
€314,302▲ 15.4%
€348,053▲ 58.8%
Board7 names since 2020
2 directorsFiona CITGEZ and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €45,505 to €67,457Result from €27,928 to €41,969Equity from €272,334 to €314,302Debts from €219,161 to €348,053Investments €277,083Cash from €98,280 to €13,038
Key points
from the 2025 annual accountsDebts
€348,053 ▲ 58.8%
Debts rose by €128,892 in 2025.
Liquidity
0.13 was 0.62 in 2024
Short-term debts rose from €208,777 to €337,421.
2025 accounts filed 31 days after the deadline
Checked score
90
Excellent
Financially stronger than 40% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.13, cash €13,038, halved
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €662,356
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 44% of them on solvency, 11% on liquidity, 42% on profitability and 63% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as MARVIMMO has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of MARVIMMO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for MARVIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.13 (0.62 in 2024), below 1. Short-term debt is 50.9% and cash 2% of total assets. 52.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
30 days late
2023
3 days late
2022
25 days early
2021
30 days early
2020
31 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0894506284
2 directors appointed, 2 resignations
Resignations: Marc WILKIN (managing director) and Daria SKOWRONSKA · Appointments: Maria CITGEZ (managing director) and Fiona CITGEZ · Director discharge: Marc WILKIN (managing director) · Board meeting of 24-11-2023 · Gazette deed
New managing director
Bernard FRISQUE appointed, Marc WILKIN resigned · Director discharge: Marc WILKIN · General meeting of 24-11-2023 · Gazette deed
1 director appointed, 1 resignation
Resignation: HATTERS SA · Permanent representative: Marc WILKIN · Appointment: Skowronska Daria · General meeting of 01-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MARVIMMO Brussels | €662,356 | €67,457 | 47.5% | - |
| CEOR INVEST Brussels | €667,082 | €65,730 | 89.1% | - |
| M.V.M. Search Belgium Brussels | €587,934 | €70,449 | 88.8% | - |
| SOCIETE DU LIS Brussels | €725,434 | €76,764 | -10.1% | - |
| TIBORED Brussels | €627,164 | €84,255 | 57.8% | - |
| JAVA Uccle | €660,648 | €65,998 | 30.2% | - |
| ECONOMIC AND PUBLIC POLICY CONSULTANCY Ixelles | €654,462 | €71,687 | 38.4% | - |
These companies have the same main activity as MARVIMMO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €588,000 and €725,000, founded between 2006 and 2008.
Official details
Source: KBO- Status
- Active since 27-12-2007Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.167.719.2771000 Brussels, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 05-09-2025
Insights on MARVIMMO
MARVIMMO files the abbreviated format. That format states no turnover. The gross margin rose from €62,649 in 2008 to €67,457 in 2025.
In August 2024, the Official Gazette published the appointment of Bernard FRISQUE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MARVIMMO
- What is the company number of MARVIMMO?
- The company number of MARVIMMO is 0894.506.284. The VAT number is the same number with BE in front: BE 0894.506.284.
- Where is MARVIMMO based?
- The registered office is at Hoedenmakersstraat 26, 1000 Brussels.Company details
- What does MARVIMMO do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MARVIMMO?
- MARVIMMO is a public limited company (NV).
- When was MARVIMMO founded?
- MARVIMMO was founded on 27-12-2007.
- Is MARVIMMO still active?
- Yes, MARVIMMO is an active enterprise in the KBO register.
- What is the turnover of MARVIMMO?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €67,457 and 65 comparable companies (NACE 70200). It probably lies between €97,000 and €200,000.Financials
- Is MARVIMMO profitable?
- In financial year 2025, MARVIMMO made a profit of €41,969.
- Where can I find the annual accounts of MARVIMMO?
- MARVIMMO filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARVIMMO due?
- MARVIMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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