Markand
ActiveMarkand has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €-6k. Equity is shrinking by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 24.55 against 37.76 in 2024; short-term debt: 3.5% and cash: 19.5% of total assets), and 3.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 · 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 2025Solvency, return and age of the figures
Solvency
96.5%
Return on assets
-12.2%
Age of the figures
9 mo
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 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-6k
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 26-03-2026, 127 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
127 d early
2024
77 d early
2023
48 d early
2022
81 d early
2021
118 d early
2020
82 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 11.2%
2024 · €51k
2020: €34k
2021: €84k
2022: €60k
2023: €56k
2024: €51k
2020 → 2025
Total assets
€47k▼ 10.0%
2024 · €52k
2020: €59k
2021: €129k
2022: €81k
2023: €57k
2024: €52k
2020 → 2025
Net result
€-6k▼ 23.8%
2024 · €-5k
2020: €32k
2021: €51k
2022: €-5k
2023: €-4k
2024: €-5k
2020 → 2025
Working capital
€38k▼ 7.9%
2024 · €42k
2020: €26k
2021: €71k
2022: €48k
2023: €46k
2024: €42k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€60k▼ 29.2%€56k▼ 7.0%€51k▼ 8.3%€45k▼ 11.2%
Operating result€72k-€-4k€-4k▼ 1.2%€-4k▼ 10.4%€-6k▼ 25.3%
Net result€51k-€-5k€-4k▲ 9.9%€-5k▼ 10.5%€-6k▼ 23.8%
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 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€7k▼ 25.8%
Current assets
€40k▼ 6.5%
Equity and liabilities €47k
Equity
€45k▼ 11.2%
Debt
€2k▲ 43.8%
The debt ratio rises from 2.2% to 3.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2024 · €-2k
Cash flow
€-3k▼
2024 · €-2k
Solvency
96.5%▼
2024 · 97.8%
Current ratio
24.55▼
2024 · 37.76
Quick ratio
24.55▼
2024 · 37.76
Debt / equity
0.04▲
2024 · 0.02
ROE
-12.6%▼
2024 · -9.0%
ROA
-12.2%▼
2024 · -8.8%
Interest coverage
-25.26▼
2024 · -12.36
Debt
€2k▲
2024 · €1k
Debt ≤ 1 year
€2k▲
2024 · €1k
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€52k€47k▼
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Plant, machinery and equipment23€226€107▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€43k€40k▼
Amounts receivable within one year40/41€26€0▼
Trade receivables40€0-
Other amounts receivable41€26€0▼
Current investments50/53€31k€31k=
Cash at bank and in hand54/58€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€52k€47k▼
Equity10/15€51k€45k▼
Contributions10/11€3k€3k=
Reserves13€61k€61k=
Distributable reserves133€61k€61k=
Profit (loss) carried forward14€-13k€-19k▼
Amounts payable17/49€1k€2k▲
Amounts payable within one year42/48€1k€2k▲
Trade debts44-€400
Suppliers440/4-€400
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€141€960▲
Gross operating margin9900€-2k€-2k▼
Operating profit (loss)9901€-4k€-6k▼
Financial charges65/66B€155€125▼
Recurring financial charges65€155€125▼
Profit (loss) for the period before taxes9903€-5k€-6k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-5k€-6k▼
Profit (loss) for the period to be appropriated9905€-5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-19k▼
Profit (loss) brought forward from the previous period14P€-9k€-13k▼
The notes to these accounts (5 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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 12current ratio 38.34
Current ratio from 3.27 to 38.34; short-term debt falls from €21k to €1k.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €51k ▲58.3%
Operating result €72k, net result €51k, both a record.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Geraardsbergen · 1 establishment unit since 2020
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.
Leliestraat(Ove) 109500 GeraardsbergenGround area
803 m²
Building footprint
151 m²
Parcel 41056A1024/00E002, Flanders. Linked by address, not a title deed.
1 establishment unit
Markand
since 20202.300.161.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41056A1024/00E002 | Flanders | 803 m² | 1 · 151 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.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 2,992 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-2020
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73200Market research and public opinion polling
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.markand.be
E-mail:anne.dierickx@markand.be