MARNIC
ActiveSummary
MARNIC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €652k and a net result of €-4k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-1
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 46.64; short-term debt: 1.5% and cash: 68.2% of total assets), and 1.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
98.2%
Return on assets
-0.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
174 d early
2023
23 d early
2022
53 d early
2021
41 d early
2020
45 d early
2019
45 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k
2024 · €3k
2018: €914
2019: €30k
2020: €100k
2021: €121k
2022: €816
2023: €3k
2024: €3k
2018 → 2025
Working capital
€457k▼ 10.3%
2023 · €510k
2018: €535k
2019: €285k
2020: €406k
2021: €543k
2022: €544k
2023: €510k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€650k-€651k▲ 0.1%€653k▲ 0.4%€656k▲ 0.4%€652k▼ 0.6%
Operating result€162k-€423▼ 99.7%€-10k€-14k▼ 39.6%€-5k▲ 64.3%
Net result€121k-€816▼ 99.3%€3k▲ 239%€3k▼ 4.6%€-4k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664k
Fixed assets
€197k ▲ 40.5%
Current assets
€467k ▼ 9.4%
Equity and liabilities €664k
Equity
€652k
Debt
€12k
Debt finances 1.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-10k
Cash flow
€-1k▼
2024 · €6k
Current ratio
46.64
Debt to equity
0.02
ROE
-0.6%▼
2024 · 0.4%
ROA
-0.6%▼
2024 · 0.4%
Interest coverage
-45.32▲
2024 · -95.03
Debt ≤ 1 year
€10k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€656k€664k▲
Fixed assets21/28€140k€197k▲
Tangible fixed assets22/27€140k€197k▲
Land and buildings22€140k€138k▼
Plant, machinery and equipment23€201€160▼
Assets under construction and advance payments27-€58k
Current assets29/58€516k€467k▼
Amounts receivable within one year40/41€33k€9k▼
Trade receivables40-€4k
Other amounts receivable41€33k€4k▼
Current investments50/53€480k-
Cash at bank and in hand54/58€3k€453k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€656k€664k▲
Equity10/15€656k€652k▼
Contributions10/11€418k€418k=
Capital10€418k€418k=
Issued capital100€418k€418k=
Reserves13€239k€235k▼
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Distributable reserves133€218k€214k▼
Amounts payable17/49-€12k
Amounts payable within one year42/48-€10k
Trade debts44-€6k
Suppliers440/4-€6k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€513€540▲
Gross operating margin9900€-10k€-2k▲
Operating profit (loss)9901€-14k€-5k▲
Financial income75/76B€15k€1k▼
Recurring financial income75€15k€1k▼
Financial charges65/66B€107€53▼
Recurring financial charges65€107€53▼
Profit (loss) for the period before taxes9903€2k€-4k▼
Income taxes67/77€-1k-
Profit (loss) for the period9904€3k€-4k▼
Profit (loss) for the period to be appropriated9905€3k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-4k▼
Transfer from equity791/2-€4k
Transfer to equity691/2€3k-
To the legal reserve6920€132-
To other reserves6921€3k-
The notes to these accounts (6 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 121.07
Current ratio from 48.74 to 121.07; short-term debt falls from €11k to €4k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €121k ▲21%
Operating result €162k, net result €121k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 16current ratio 30.01
Current ratio from 1.85 to 30.01; short-term debt falls from €333k to €14k.
31-12
Financial
Equity above €500kEq €533k ▲23.2%
3 profitable years in a row build equity to €533k.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Kortrijk · 1 establishment unit since 1983
Ground area
2.4 ha
Building footprint
3,456 m²
Volume, LiDAR
51,163 m³
Parcel 34353B0282/00N000, Flanders · tallest building 24.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MARNIC
since 19832.022.640.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0282/00N000 | Flanders | 2.4 ha | 1 · 3,456 m² | 24.2 m · 5 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.
Similar companies · same sector, comparable size
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CEGEAM IMMO
BE 0778.942.860
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FINAGRO
BE 0453.566.555
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TOWNHALL EUROPE – Davignon Centre for New Leadership
BE 0472.747.019
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,347 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 formPublic limited company
Founded24-05-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
64999Other financial services
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.