MARKHOR
ActiveThe computed 12-month bankruptcy probability of MARKHOR is 2.8% (moderate). The 2025 annual accounts show equity of €35k and a net result of €5k. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 18207 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-24
Solvency60▼-11
Growth85=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.33 against 1.57 in 2024; short-term debt: 65% and cash: 13.1% of total assets), and 65% 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 · 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 47
Relative position
BE, all sectors
reference
Sector 47
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
35%
Return on assets
5%
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 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 d early
2024
49 d early
2023
69 d early
2022
127 d late
2021
66 d late
2020
150 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€820k▲ 36.0%
2024 · €603k
2020: €151k
2021: €469k
2022: €685k
2023: €411k
2024: €603k
2020 → 2025
EBIT margin
1.7%▼ 0.2pp
2024 · 1.9%
2020: 1.9%
2021: 0.6%
2022: 0.3%
2023: 2.2%
2024: 1.9%
2020 → 2025
Net result
€5k▼ 12.9%
2024 · €6k
2020: €3k
2021: €3k
2022: €2k
2023: €7k
2024: €6k
2020 → 2025
Working capital
€21k▲ 8.6%
2024 · €19k
2020: €3k
2021: €6k
2022: €9k
2023: €14k
2024: €19k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€469k-€685k▲ 46.2%€411k▼ 40.1%€603k▲ 46.8%€820k▲ 36.0%
Equity€7k-€9k▲ 33.1%€24k▲ 157%€30k▲ 23.5%€35k▲ 16.6%
Operating result€3k-€2k▼ 12.8%€9k▲ 296%€12k▲ 27.0%€14k▲ 22.3%
Net result€3k-€2k▼ 12.8%€7k▲ 220%€6k▼ 23.9%€5k▼ 12.9%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€14k▲ 31.7%
Current assets
€86k▲ 59.4%
Equity and liabilities €99k
Equity
€35k▲ 16.6%
Debt
€65k▲ 88.3%
The debt ratio rises from 53.5% to 65.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €13k
Cash flow
€6k▼
2024 · €7k
Solvency
35.0%▼
2024 · 46.5%
Current ratio
1.33▼
2024 · 1.57
Quick ratio
0.29▼
2024 · 1.16
Debt / equity
1.86▲
2024 · 1.15
ROE
14.2%▼
2024 · 19.0%
ROA
5.0%▼
2024 · 8.8%
Interest coverage
2.27▼
2024 · 38.21
Debt
€65k▲
2024 · €34k
Debt ≤ 1 year
€65k▲
2024 · €34k
Income taxes
€2k▼
2024 · €6k
Staff costs
€41k▲
2024 · €12k
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€64k€99k▲
Fixed assets21/28€10k€14k▲
Tangible fixed assets22/27€1k€5k▲
Furniture and vehicles24€1k€5k▲
Financial fixed assets28€9k€9k=
Current assets29/58€54k€86k▲
Stocks and contracts in progress3€14k€67k▲
Stocks30/36€14k€67k▲
Amounts receivable within one year40/41€212€5k▲
Trade receivables40€212€5k▲
Cash at bank and in hand54/58€39k€13k▼
Deferred charges and accrued income490/1€314€735▲
Equity and liabilities
Total equity and liabilities10/49€64k€99k▲
Equity10/15€30k€35k▲
Contributions10/11€9k€9k=
Profit (loss) carried forward14€21k€26k▲
Amounts payable17/49€34k€65k▲
Amounts payable within one year42/48€34k€65k▲
Trade debts44€21k€49k▲
Suppliers440/4€21k€49k▲
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€8k€5k▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48-€3k
Income statement
Code20242025
Turnover70€603k€820k▲
Goods, raw materials, services and sundry goods60/61€644k€824k▲
Remuneration, social security and pensions62€12k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€856€2k▲
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€267€200▼
Gross operating margin9900€26k€61k▲
Operating profit (loss)9901€12k€14k▲
Financial income75/76B€58-
Recurring financial income75€58-
Financial charges65/66B€329€7k▲
Recurring financial charges65€329€7k▲
Profit (loss) for the period before taxes9903€11k€7k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€6k€5k▼
Profit (loss) for the period to be appropriated9905€6k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€26k▲
Profit (loss) brought forward from the previous period14P€15k€21k▲
The notes to these accounts (8 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €7k ▲220%
Net result €7k, the highest in the series.
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 127 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼12.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 150 days late
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, Vorst · 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.
Victor Rousseaulaan 1491190 VorstGround area
416 m²
Building footprint
213 m²
Volume, LiDAR
3,382 m³
Parcel 21382C0227/00H029, Brussels · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Victor Rousseaulaan 149, 1190 Vorst
since 20212.312.025.187
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0227/00H029 | Brussels | 416 m² | 1 · 213 m² | 19.9 m · 6 fl. |
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 siteVorst2.312.025.187
Similar companies · same sector, comparable size
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BE 0797.611.006
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CREST BELGIUM
BE 0864.599.996
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MARIUM BUSINESS
BE 0666.570.439
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AJK
BE 0537.719.894
Seraing · Eq €35k
PALLO SONY
BE 0664.761.784
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Of 10,524 companies in sector 47110 we hold annual accounts for 5,859. 4,507 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47113Retail trade
33120Repair and maintenance of machinery
33190Repair, maintenance and installation of machinery and equipment
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.