Marny
ActiveMarny has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259k and a net result of €-170k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-43
Solvency38▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.81 in 2024; short-term debt: 18.5% and cash: 8.3% of total assets), but 87.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €-170k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 238 sector peers (2025).
NBB · sector comparisonPosition among 238 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 27-03-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
4 d early
2023
9 d early
2022
18 d early
2021
2 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€259k▼ 39.6%
2024 · €429k
2018: €194k
2019: €198k
2020: €218k
2021: €242k
2022: €397k
2023: €450k
2024: €429k
2018 → 2025
Total assets
€2.05M▲ 42.2%
2024 · €1.44M
2018: €592k
2019: €624k
2020: €601k
2021: €666k
2022: €783k
2023: €1.43M
2024: €1.44M
2018 → 2025
Net result
€-170k▼ 731%
2024 · €-20k
2018: €36k
2019: €4k
2020: €20k
2021: €24k
2022: €155k
2023: €52k
2024: €-20k
2018 → 2025
Working capital
€361k▼ 0.5%
2024 · €363k
2018: €191k
2019: €168k
2020: €144k
2021: €143k
2022: €308k
2023: €366k
2024: €363k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€242k-€397k▲ 64.2%€450k▲ 13.2%€429k▼ 4.5%€259k▼ 39.6%
Operating result€47k-€223k▲ 378%€83k▼ 62.6%€-10k€-129k▼ 1,171%
Net result€24k-€155k▲ 551%€52k▼ 66.3%€-20k€-170k▼ 731%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €129k in 2025 against €10k 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 €2.05M
Fixed assets
€1.31M▲ 108%
Current assets
€740k▼ 8.6%
Equity and liabilities €2.05M
Equity
€259k▼ 39.6%
Debt
€1.79M▲ 76.9%
The debt ratio rises from 70.2% to 87.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-59k▼
2024 · €64k
Cash flow
€-99k▼
2024 · €54k
Solvency
12.7%▼
2024 · 29.8%
Current ratio
1.95▲
2024 · 1.81
Quick ratio
0.92▼
2024 · 1.14
Debt / equity
6.90▲
2024 · 2.36
ROE
-65.5%▼
2024 · -4.8%
ROA
-8.3%▼
2024 · -1.4%
Interest coverage
-1.48▼
2024 · 4.10
Debt
€1.79M▲
2024 · €1.01M
Debt ≤ 1 year
€380k▼
2024 · €448k
Debt > 1 year
€1.41M▲
2024 · €560k
Income taxes
€591▼
2024 · €593
Staff costs
€157k▲
2024 · €123k
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€1.44M€2.05M▲
Fixed assets21/28€631k€1.31M▲
Intangible fixed assets21€1k€310▼
Tangible fixed assets22/27€629k€1.31M▲
Land and buildings22€464k€1.11M▲
Plant, machinery and equipment23€18k€89k▲
Furniture and vehicles24€83k€58k▼
Other tangible fixed assets26€63k€56k▼
Financial fixed assets28€647€647=
Current assets29/58€811k€740k▼
Stocks and contracts in progress3€301k€392k▲
Stocks30/36€301k€392k▲
Amounts receivable within one year40/41€386k€150k▼
Trade receivables40€385k€145k▼
Other amounts receivable41€472€5k▲
Cash at bank and in hand54/58€118k€170k▲
Deferred charges and accrued income490/1€6k€29k▲
Equity and liabilities
Total equity and liabilities10/49€1.44M€2.05M▲
Equity10/15€429k€259k▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€305k€135k▼
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€12k€12k=
Distributable reserves133€281k€111k▼
Amounts payable17/49€1.01M€1.79M▲
Amounts payable after more than one year17€560k€1.41M▲
Financial debts170/4€170k€1.02M▲
Other amounts payable178/9€390k€390k=
Amounts payable within one year42/48€448k€380k▼
Current portion of amounts payable after more than one year42€65k€92k▲
Financial debts43€124k€0▼
Credit institutions430/8€124k€0▼
Trade debts44€113k€243k▲
Suppliers440/4€113k€243k▲
Taxes, remuneration and social security45€25k€42k▲
Taxes450/3€8k€10k▲
Remuneration and social security454/9€17k€32k▲
Other amounts payable47/48€121k€4k▼
Accrued charges and deferred income492/3€4k€168▼
Income statement
Code20242025
Remuneration, social security and pensions62€123k€157k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€70k▼
Other operating charges640/8€12k€12k▲
Non-recurring operating charges66A-€169k
Gross operating margin9900€199k€279k▲
Operating profit (loss)9901€-10k€-129k▼
Financial income75/76B€6k€113▼
Recurring financial income75€6k€113▼
Financial charges65/66B€16k€40k▲
Recurring financial charges65€16k€40k▲
Profit (loss) for the period before taxes9903€-20k€-169k▼
Income taxes67/77€593€591▼
Profit (loss) for the period9904€-20k€-170k▼
Profit (loss) for the period to be appropriated9905€-20k€-170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-170k▼
Transfer from equity791/2€20k€170k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90872.42.3▼
The notes to these accounts (24 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-11
Financial
Weakest financial yearnet €-170k
Net result drops to €-170k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Highest result since 2018net €155k ▲551%
Operating result €223k, net result €155k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial
Equity above €200kEq €218k ▲10.1%
3 profitable years in a row build equity to €218k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
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.
Directors · office · real estate
Directors
6 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, Waregem · 1 establishment unit since 1970
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.
Sprietestraat 2108792 WaregemGround area
3,580 m²
Building footprint
1,794 m²
Volume, LiDAR
9,406 m³
Parcel 34010B0534/00B002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sprietestraat 210, 8792 Waregem
since 19702.003.974.270
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0534/00B002 | Flanders | 3,580 m² | 1 · 1,794 m² | 7.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 93 EUR awarded · 93 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 93 EUR | 93 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 446 companies in sector 31001 we hold annual accounts for 208. 151 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-03-1970
Fiscal year end30-11
Activities, NACEBEL
31001Manufacture of furniture
36122
46494Wholesale of non-electrical household articles
51471
46496Wholesale trade
51476
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.