MAROUGRAV
ActiveMAROUGRAV has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €64k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 39% of 951 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency64▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.31 in 2024; short-term debt: 61% and cash: 69.1% of total assets), but 61% 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
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
39%
Return on assets
61.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
50 d early
2023
49 d early
2022
46 d early
2021
40 d early
2020
46 d early
2019
28 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€64k▲ 30.3%
2024 · €49k
2018: €31k
2019: €18k
2020: €26k
2021: €18k
2022: €27k
2023: €68k
2024: €49k
2018 → 2025
Working capital
€37k▲ 41.7%
2024 · €26k
2018: €-5k
2019: €1k
2020: €14k
2021: €11k
2022: €12k
2023: €17k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€25k▲ 0.1%€37k▲ 48.5%€37k▲ 0.5%€41k▲ 11.1%
Operating result€29k-€39k▲ 33.3%€87k▲ 122%€74k▼ 14.7%€87k▲ 17.7%
Net result€18k-€27k▲ 45.4%€68k▲ 157%€49k▼ 28.0%€64k▲ 30.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€4k▼ 62.4%
Current assets
€101k▼ 7.6%
Equity and liabilities €105k
Equity
€41k▲ 11.1%
Debt
€64k▼ 23.0%
The debt ratio falls from 69.3% to 61.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▲
2024 · €84k
Cash flow
€74k▲
2024 · €58k
Solvency
39.0%▲
2024 · 30.7%
Current ratio
1.58▲
2024 · 1.31
Quick ratio
1.34▲
2024 · 1.11
Debt / equity
1.56▼
2024 · 2.26
ROE
156.6%▲
2024 · 133.5%
ROA
61.1%▲
2024 · 41.0%
Interest coverage
156300.89▲
2024 · -2123.29
Debt
€64k▼
2024 · €83k
Debt ≤ 1 year
€64k▼
2024 · €83k
Income taxes
€23k▼
2024 · €25k
Staff costs
€9k▲
2024 · €4k
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€120k€105k▼
Fixed assets21/28€11k€4k▼
Tangible fixed assets22/27€11k€4k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€8k€793▼
Financial fixed assets28€205€205=
Current assets29/58€109k€101k▼
Stocks and contracts in progress3€17k€15k▼
Stocks30/36€17k€15k▼
Amounts receivable within one year40/41€24k€12k▼
Trade receivables40€21k€10k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€67k€73k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€120k€105k▼
Equity10/15€37k€41k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€29k€33k▲
Amounts payable17/49€83k€64k▼
Amounts payable within one year42/48€83k€64k▼
Trade debts44€1k€907▼
Suppliers440/4€1k€907▼
Taxes, remuneration and social security45€34k€21k▼
Taxes450/3€34k€20k▼
Remuneration and social security454/9€219€189▼
Other amounts payable47/48€48k€43k▼
Income statement
Code20242025
Remuneration, social security and pensions62€4k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€89k€107k▲
Operating profit (loss)9901€74k€87k▲
Financial income75/76B€18€49▲
Recurring financial income75€18€49▲
Financial charges65/66B€-39€1▲
Recurring financial charges65€-39€1▲
Profit (loss) for the period before taxes9903€74k€87k▲
Income taxes67/77€25k€23k▼
Profit (loss) for the period9904€49k€64k▲
Profit (loss) for the period to be appropriated9905€49k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€78k€93k▲
Profit (loss) brought forward from the previous period14P€29k€29k▲
Profit to be distributed694/7€49k€60k▲
Return on contributions (dividend)694€49k€60k▲
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €68k ▲157%
Net result €68k, the highest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €18k ▼42.1%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Walhain · 1 establishment unit since 2011
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.
Rue Saint-Martin(NSV) 101457 WalhainGround area
1,053 m²
Building footprint
121 m²
Volume, LiDAR
754 m³
Parcel 25071C0751/00H000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAROUGRAV
since 20112.197.536.879
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071C0751/00H000 | Wallonia | 1,053 m² | 1 · 121 m² | 8.9 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.
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Of 2,856 companies in sector 18130 we hold annual accounts for 831. 672 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-03-2011
Fiscal year end31-12
Activities, NACEBEL
18130Pre-press and pre-media services
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.
Contact details
3 entriesE-mail:marougrav@belgacom.net
Phone:010/657387
Phone:0491/226517