Skip to content

MARWAY

Active
Public limited companyfounded 201412 yrs activeBoulevard de l'Yser 24, 6000 Charleroi, BelgiumKBO/BCE: BE 0554.802.881
Summary

MARWAY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,993 and a net result of -€4,397. Equity is shrinking by ~5.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
MARWAYActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€73,652total assets 2025
Equity
€35,993
Loss
-€4,397
Financial health
81 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Board
4 members
Accounts 51 d early1 of 4 deeds read
Why 81- Loss of €4,397, the second in a row (FY 2025)+ Size: total assets €73,652+ Founded in 2014+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Better than 24% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 74-7
equity 48.9% of total assets
Liquidity 33+2
short-term debt 51.1% · cash 7.0%
Profitability 11+11
return on assets -6.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 22 months 01-2025: 0.4% 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.4%● 0.0% vs 02-2025 04-2025: 0.4%▲ +2.0% vs 03-2025 05-2025: 0.4%▲ +0.7% vs 04-2025 06-2025: 0.3%▼ -24.3% vs 05-2025lowest value 07-2025: 0.8%▲ +154% vs 06-2025highest value 08-2025: 0.8%● 0.0% vs 07-2025highest value 09-2025: 0.8%● 0.0% vs 08-2025highest value 10-2025: 0.8%▼ -5.8% vs 09-2025 11-2025: 0.8%● 0.0% vs 10-2025 12-2025: 0.8%● 0.0% vs 11-2025 01-2026: 0.7%▼ -1.1% vs 12-2025 02-2026: 0.7%● 0.0% vs 01-2026 03-2026: 0.8%▲ +6.2% vs 02-2026 04-2026: 0.7%▼ -14.5% vs 03-2026 05-2026: 0.7%▲ +1.5% vs 04-2026 06-2026: 0.7%▲ +1.2% vs 05-2026 07-2026: 0.4%▼ -46.5% vs 06-2026 08-2026: 0.4%● 0.0% vs 07-2026 09-2026: 0.4%● 0.0% vs 08-2026 10-2026: 0.4%▲ +2.4% vs 09-2026
  • Size: total assets €73,652 lowers the probability for this profile
  • Founded in 2014 lowers the probability for this profile
  • Loss of €4,397, the second in a row (FY 2025) raises the probability
  • Legal form Public limited company lowers the probability
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.16 in 2024; short-term debt: 51.1% and cash: 7% of total assets), and 51.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 44%, liquidity 18%, profitability 12%, growth against the median 23%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €73,652
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 2014
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Loss of €4,397, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,397
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 d early
2024
49 d early
2023
47 d early
2022
48 d early
2021
47 d early
2020
53 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 44 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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. Usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: Rocco MAROTTA, Emmanuelle MAROTTA and…Power of attorney
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: 8 loss-making years in a rowloss fiscal year 2025 -€4,397 View
  • New directorslatest change 09-06-2026 · 4 in office 4 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€73,652
Loss
-€4,397
Solvency
48.9%
Total assets▲ 2.3%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 26-06-2026Reappointments: Rocco MAROTTA, Emmanuelle MAROTTA and 2…
  2. 10-06-2026Annual accounts filed
  3. 12-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
26-06-2014
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure