Marginet
ActiveSummary
The computed 12-month bankruptcy probability of Marginet is 1.7% (moderate). The 2025 annual accounts show equity of €678k and a net result of €129k. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7777 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-2
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 14.91 against 13.14 in 2024; short-term debt: 6.1% and cash: 66.9% of total assets), and 8.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
91.8%
Return on assets
17.4%
Age of the figures
9 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
71 d early
2024
62 d early
2023
79 d early
2022
14 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€678k▲ 23.3%
2024 · €550k
2022: €311k
2023: €429k
2024: €550k
2022 → 2025
Total assets
€739k▲ 19.1%
2024 · €621k
2022: €434k
2023: €507k
2024: €621k
2022 → 2025
Net result
€129k▲ 5.6%
2024 · €122k
2022: €251k
2023: €116k
2024: €122k
2022 → 2025
Working capital
€630k▲ 28.7%
2024 · €489k
2022: €229k
2023: €355k
2024: €489k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€311k-€429k▲ 38.0%€550k▲ 28.3%€678k▲ 23.3%
Operating result€346k-€159k▼ 54.0%€166k▲ 4.2%€180k▲ 8.8%
Net result€251k-€116k▼ 53.9%€122k▲ 5.6%€129k▲ 5.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739k
Fixed assets
€64k ▼ 29.8%
Current assets
€675k ▲ 27.5%
Equity and liabilities €739k
Equity
€678k ▲ 23.3%
Debt
€61k ▼ 14.0%
Debt's share of the balance-sheet total falls from 11.4% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210k▲
2024 · €197k
Cash flow
€159k▲
2024 · €153k
Current ratio
14.91▲
2024 · 13.14
Quick ratio
13.72▲
2024 · 11.98
Debt to equity
0.09▼
2024 · 0.13
ROE
19.0%▼
2024 · 22.2%
ROA
17.4%▼
2024 · 19.7%
Interest coverage
80.44▲
2024 · 56.95
Debt ≤ 1 year
€45k▲
2024 · €40k
Debt > 1 year
€15k▼
2024 · €30k
Income taxes
€55k▲
2024 · €52k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€621k€739k▲
Fixed assets21/28€91k€64k▼
Tangible fixed assets22/27€91k€64k▼
Plant, machinery and equipment23€6k€6k▲
Furniture and vehicles24€82k€56k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€530k€675k▲
Stocks and contracts in progress3€47k€54k▲
Stocks30/36€47k€49k▲
Contracts in progress37-€5k
Amounts receivable within one year40/41€130k€121k▼
Trade receivables40€105k€115k▲
Other amounts receivable41€25k€6k▼
Cash at bank and in hand54/58€343k€494k▲
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€621k€739k▲
Equity10/15€550k€678k▲
Contributions10/11€60k€60k=
Reserves13€488k€617k▲
Distributable reserves133€488k€617k▲
Investment grants15€2k€1k▼
Amounts payable17/49€71k€61k▼
Amounts payable after more than one year17€30k€15k▼
Financial debts170/4€30k€15k▼
Amounts payable within one year42/48€40k€45k▲
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€24k€12k▼
Suppliers440/4€24k€12k▼
Taxes, remuneration and social security45€2k€18k▲
Taxes450/3€2k€18k▲
Accrued charges and deferred income492/3€51€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€201k€212k▲
Operating profit (loss)9901€166k€180k▲
Financial income75/76B€11k€6k▼
Recurring financial income75€11k€6k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€174k€184k▲
Income taxes67/77€52k€55k▲
Profit (loss) for the period9904€122k€129k▲
Profit (loss) for the period to be appropriated9905€122k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€122k€129k▲
Transfer to equity691/2€122k€129k▲
To other reserves6921€122k€129k▲
The notes to these accounts (12 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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €550k ▲28.3%
3 profitable years in a row build equity to €550k.
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €116k ▼53.9%
Net result drops to €116k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 11.52
Current ratio from 4.48 to 11.52; short-term debt falls from €66k to €34k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ninove · 1 establishment unit since 2021
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.
Nederhasseltstraat 3329404 NinoveGround area
1,266 m²
Building footprint
118 m²
Volume, LiDAR
1 m³
Parcel 41004A0222/00L000, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
1 establishment unit
Marginet
since 20212.316.623.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41004A0222/00L000 | Flanders | 1,266 m² | 1 · 118 m² | 0.5 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 4,327 EUR awarded · 4,327 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 3,971 EUR | 3,971 EUR |
| 2022 | 1 | 356 EUR | 356 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Chauffage Van Kelecom
BE 0423.788.644
Lennik · Eq €677,939
e-cocoon
BE 0892.003.882
Ittre · Eq €678,552
CLAASSEN & DILISSEN
BE 0824.044.692
Pelt · Eq €677,775
HEYNINCK KACHELS
BE 0479.065.281
Waasmunster · Eq €679,141
CABLEWORKS
BE 0421.417.983
Trooz · Eq €679,508
Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 3,640 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
Founded27-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
28250Manufacture of machinery and equipment not elsewhere classified
43211General electrical installation work
43212Electrical installation work in industrial facilities
43221Plumbing work
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.