SAN MARINO MARCHE
ActiveSAN MARINO MARCHE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €16k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 94% of 3620 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+3
Solvency100▲+2
Growth52▼-1
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 5.85 against 7.6 in 2024; short-term debt: 9.4% and cash: 5% of total assets), and 15.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.2%
Return on assets
4.8%
Age of the figures
9 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 25-08-2026, 25 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
25 d late
2024
8 d early
2023
28 d late
2022
23 d late
2021
18 d late
2020
19 d late
2019
21 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€795k▲ 1.6%
2024 · €783k
2018: €540k
2019: €630k
2020: €435k
2021: €459k
2022: €639k
2023: €732k
2024: €783k
2018 → 2025
EBIT margin
3.0%▲ 1.1pp
2024 · 1.9%
2018: 5.0%
2019: 16.6%
2020: 3.5%
2021: 7.0%
2022: 3.7%
2023: 2.9%
2024: 1.9%
2018 → 2025
Net result
€16k▲ 94.2%
2024 · €8k
2018: €20k
2019: €97k
2020: €-9k
2021: €19k
2022: €14k
2023: €14k
2024: €8k
2018 → 2025
Working capital
€148k▼ 48.5%
2024 · €287k
2018: €36k
2019: €118k
2020: €95k
2021: €149k
2022: €210k
2023: €235k
2024: €287k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€459k-€639k▲ 39.4%€732k▲ 14.4%€783k▲ 7.0%€795k▲ 1.6%
Equity€222k-€250k▲ 12.4%€250k=€258k▲ 3.2%€273k▲ 6.0%
Operating result€32k-€24k▼ 25.1%€21k▼ 11.5%€15k▼ 31.3%€24k▲ 63.7%
Net result€19k-€14k▼ 27.3%€14k▼ 0.7%€8k▼ 42.2%€16k▲ 94.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324k
Fixed assets
€146k▲ 594%
Current assets
€178k▼ 46.0%
Equity and liabilities €324k
Equity
€273k▲ 6.0%
Provisions
€20k▼ 60.0%
Debt
€31k▼ 28.2%
The debt ratio falls from 12.4% to 9.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▲
2024 · €56k
Cash flow
€52k▲
2024 · €49k
Solvency
84.2%▲
2024 · 73.4%
Current ratio
5.85▼
2024 · 7.60
Quick ratio
4.92▼
2024 · 6.44
Debt / equity
0.11▼
2024 · 0.17
ROE
5.7%▲
2024 · 3.1%
ROA
4.8%▲
2024 · 2.3%
Interest coverage
8.67▼
2024 · 19.95
Debt
€31k▼
2024 · €43k
Debt ≤ 1 year
€30k▼
2024 · €43k
Income taxes
€1k▼
2024 · €4k
Staff costs
€229k▲
2024 · €183k
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€351k€324k▼
Fixed assets21/28€21k€146k▲
Tangible fixed assets22/27€21k€146k▲
Other tangible fixed assets26€21k€146k▲
Current assets29/58€330k€178k▼
Amounts receivable after more than one year29€129k€117k▼
Trade receivables290€129k€117k▼
Stocks and contracts in progress3€50k€28k▼
Stocks30/36€50k€28k▼
Amounts receivable within one year40/41€717€17k▲
Trade receivables40-€10k
Other amounts receivable41€717€7k▲
Cash at bank and in hand54/58€99k€16k▼
Deferred charges and accrued income490/1€51k-
Equity and liabilities
Total equity and liabilities10/49€351k€324k▼
Equity10/15€258k€273k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€180k€180k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€28k€28k=
Distributable reserves133€150k€150k=
Profit (loss) carried forward14€59k€75k▲
Provisions and deferred taxes16€50k€20k▼
Provisions for liabilities and charges160/5€50k€20k▼
Other liabilities and charges164/5€50k€20k▼
Amounts payable17/49€43k€31k▼
Amounts payable within one year42/48€43k€30k▼
Trade debts44€10k€25k▲
Suppliers440/4€10k€25k▲
Taxes, remuneration and social security45€34k€5k▼
Taxes450/3€4k€4k▼
Remuneration and social security454/9€30k€1k▼
Other amounts payable47/48€27-
Accrued charges and deferred income492/3-€720
Income statement
Code20242025
Turnover70€783k€795k▲
Goods, raw materials, services and sundry goods60/61€518k€506k▼
Remuneration, social security and pensions62€183k€229k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€36k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€19k€-10k▼
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€264k€289k▲
Operating profit (loss)9901€15k€24k▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€12k€17k▲
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€8k€16k▲
Profit (loss) for the period to be appropriated9905€8k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€75k▲
Profit (loss) brought forward from the previous period14P€51k€59k▲
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Equity above €200kEq €222k ▲19.4%
Equity rises from €186k to €222k.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €-9k ▼110%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Highest result since 2018net €97k ▲385%
Operating result €104k, net result €97k, both a record.
31-12
Financial
Liquidity times 5current ratio 8.86
Current ratio from 1.84 to 8.86; short-term debt falls from €43k to €15k.
31-12
Financial
Equity above €150kEq €194k ▲99.2%
2 profitable years in a row build equity to €194k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Marche-en-Famenne · 1 establishment unit since 1993
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.
Marche, Rue Victor Libert 26900 Marche-en-FamenneGround area
206 m²
Building footprint
55 m²
Parcel 83034A0608/00N003, Wallonia. Linked by address, not a title deed.
1 establishment unit
SAN MARINO MARCHE
since 19932.060.392.440
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83034A0608/00N003 | Wallonia | 206 m² | 1 · 55 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMarche-en-Famenne2.060.392.440
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WORLD WOK
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 7,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1993
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
52630
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.