TECHNIQUES SPECIALES MARDEG
ActiveSummary
TECHNIQUES SPECIALES MARDEG has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18k and a net result of €-6k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 23% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-56
Solvency41▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.06 in 2023; short-term debt: 84.3% and cash: 3.1% of total assets), and 84.3% 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
15.7%
Return on assets
-5.2%
Age of the figures
21 mo
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 · 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 €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
57 d late
2023
49 d late
2022
30 d late
2021
26 d early
2020
47 d early
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 24.8%
2023 · €23k
2018: €13k
2019: €4k
2020: €16k
2021: €13k
2022: €24k
2023: €23k
2018 → 2024
Total assets
€112k▼ 3.1%
2023 · €116k
2018: €92k
2019: €111k
2020: €122k
2021: €101k
2022: €118k
2023: €116k
2018 → 2024
Net result
€-6k▼ 1,855%
2023 · €-298
2018: €8k
2019: €-9k
2020: €12k
2021: €-3k
2022: €11k
2023: €-298
2018 → 2024
Working capital
€5k▲ 1.0%
2023 · €5k
2018: €18k
2019: €6k
2020: €16k
2021: €13k
2022: €24k
2023: €5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€13k▼ 18.5%€24k▲ 82.6%€23k▼ 1.3%€18k▼ 24.8%
Operating result€19k-€1k▼ 94.3%€18k▲ 1,609%€-9€-6k▼ 67,543%
Net result€12k-€-3k€11k€-298€-6k▼ 1,855%
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 €9 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 €112k
Fixed assets
€12k ▼ 32.2%
Current assets
€100k ▲ 2.3%
Equity and liabilities €112k
Equity
€18k ▼ 24.8%
Debt
€95k ▲ 2.4%
Debt's share of the balance-sheet total rises from 79.7% to 84.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-186▼
2023 · €5k
Cash flow
€52▼
2023 · €5k
Current ratio
1.06▼
2023 · 1.06
Debt to equity
5.36▲
2023 · 3.93
ROE
-32.9%▼
2023 · -1.3%
ROA
-5.2%▼
2023 · -0.3%
Interest coverage
-0.64▼
2023 · 18.25
Debt ≤ 1 year
€95k▲
2023 · €92k
Income taxes
€-528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€116k€112k▼
Fixed assets21/28€18k€12k▼
Tangible fixed assets22/27€18k€12k▼
Furniture and vehicles24€18k€12k▼
Current assets29/58€98k€100k▲
Amounts receivable within one year40/41€81k€97k▲
Trade receivables40€80k€86k▲
Other amounts receivable41€2k€10k▲
Cash at bank and in hand54/58€16k€3k▼
Deferred charges and accrued income490/1€294-
Equity and liabilities
Total equity and liabilities10/49€116k€112k▼
Equity10/15€23k€18k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14-€-6k
Amounts payable17/49€92k€95k▲
Amounts payable within one year42/48€92k€95k▲
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€18k€21k▲
Suppliers440/4€18k€21k▲
Advances received on contracts in progress46€70k€70k=
Taxes, remuneration and social security45€4k€153▼
Taxes450/3€4k-
Remuneration and social security454/9€153€153=
Other amounts payable47/48€690-
Income statement
Code20232024
Remuneration, social security and pensions62€-2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€388€328▼
Gross operating margin9900€3k€142▼
Operating profit (loss)9901€-9€-6k▼
Financial charges65/66B€289€290▲
Recurring financial charges65€289€290▲
Profit (loss) for the period before taxes9903€-298€-6k▼
Income taxes67/77-€-528
Profit (loss) for the period9904€-298€-6k▼
Profit (loss) for the period to be appropriated9905€-298€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-298€-6k▼
Transfer from equity791/2€298-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-9k ▼205%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day 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, Walcourt · 1 establishment unit since 2010
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.
Rue de Morialmé(Fra) 1185650 WalcourtGround area
4,455 m²
Building footprint
390 m²
Volume, LiDAR
3,707 m³
2 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TECHNIQUES SPECIALES MARDEG
since 20102.185.247.474
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52352C0187/00S000 | Wallonia | 4,083 m² | 1 · 320 m² | 14.3 m · 4 fl. |
| 93024A0363/03F000 | Wallonia | 372 m² | 1 · 70 m² | - |
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.
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,211 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-02-2010
Fiscal year end31-12
Abbreviation FR
TS MARDEG
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.