MARPE
ActiveSummary
MARPE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €27k. Equity is shrinking by ~29.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 31% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-7
Solvency51▲+10
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.57 in 2024; short-term debt: 56.5% and cash: 3.6% of total assets), and 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
7 d early
2021
6 d early
2020
1 d late
2019
21 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€35k▼ 26.4%
2024 · €48k
2019: €395k
2020: €387k
2021: €387k
2022: €240k
2023: €-44k
2024: €48k
2019 → 2025
Total assets
€135k▼ 54.9%
2024 · €300k
2019: €404k
2020: €467k
2021: €467k
2022: €278k
2023: €285k
2024: €300k
2019 → 2025
Net result
€27k▼ 71.5%
2024 · €94k
2019: €-33k
2020: €-33k
2021: €25k
2022: €-37k
2023: €-16k
2024: €94k
2019 → 2025
Working capital
€17k
2024 · €-94k
2019: €213k
2020: €192k
2021: €191k
2022: €54k
2023: €-205k
2024: €-94k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€387k-€240k▼ 38.1%€-44k€48k€35k▼ 26.4%
Operating result€30k-€-35k€-14k▲ 60.4%€138k€38k▼ 72.3%
Net result€25k-€-37k€-16k▲ 55.9%€94k€27k▼ 71.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135k
Fixed assets
€41k ▼ 76.7%
Current assets
€94k ▼ 23.7%
Equity and liabilities €135k
Equity
€35k ▼ 26.4%
Debt
€100k ▼ 60.4%
Debt's share of the balance-sheet total falls from 84.1% to 74.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€66k▼
2024 · €190k
Cash flow
€55k▼
2024 · €146k
Current ratio
1.23▲
2024 · 0.57
Debt to equity
2.84▼
2024 · 5.27
ROE
75.9%▼
2024 · 196.1%
ROA
19.8%▼
2024 · 31.3%
Interest coverage
33.16▼
2024 · 87.43
Debt ≤ 1 year
€76k▼
2024 · €217k
Debt > 1 year
€21k▼
2024 · €35k
Income taxes
€10k▼
2024 · €42k
Staff costs
€196k▲
2024 · €172k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€300k€135k▼
Fixed assets21/28€177k€41k▼
Tangible fixed assets22/27€176k€41k▼
Land and buildings22€122k-
Furniture and vehicles24€55k€41k▼
Financial fixed assets28€850€850=
Current assets29/58€123k€94k▼
Amounts receivable within one year40/41€57k€84k▲
Trade receivables40€48k€41k▼
Other amounts receivable41€9k€43k▲
Cash at bank and in hand54/58€64k€5k▼
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€300k€135k▼
Equity10/15€48k€35k▼
Contributions10/11€19k€22k▲
Reserves13€29k€14k▼
Distributable reserves133€29k€14k▼
Amounts payable17/49€252k€100k▼
Amounts payable after more than one year17€35k€21k▼
Financial debts170/4€35k€21k▼
Amounts payable within one year42/48€217k€76k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Taxes, remuneration and social security45€14k€12k▼
Taxes450/3€3k€70▼
Remuneration and social security454/9€12k€12k▲
Other amounts payable47/48€177k€40k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€7k-
Remuneration, social security and pensions62€172k€196k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€28k▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€369k€271k▼
Operating profit (loss)9901€138k€38k▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€136k€36k▼
Income taxes67/77€42k€10k▼
Profit (loss) for the period9904€94k€27k▼
Profit (loss) for the period to be appropriated9905€94k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€27k▼
Profit (loss) brought forward from the previous period14P€-66k-
Transfer from equity791/2€916-
Transfer to equity691/2€27k€27k▼
To other reserves6921€27k€27k▼
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (10 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Liquidity doublescurrent ratio 1.23
Current ratio from 0.57 to 1.23; short-term debt falls from €217k to €76k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €94k
Net result €94k after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-37k ▼246%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-01
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
8 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, Brugge · 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.
Oude Kortrijkstraat 18310 BruggeGround area
617 m²
Building footprint
298 m²
Volume, LiDAR
2,874 m³
Parcel 31512B0140/00H002, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Oude Kortrijkstraat 1, 8310 Brugge
since 20212.315.822.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0140/00H002 | Flanders | 617 m² | 1 · 298 m² | 12.8 m · 3 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
Oude Burg
BE 0466.544.858
Kuurne · Eq €35,523
FOODMORNINGS
BE 0761.769.704
Zaventem · Eq €34,721
TER BRUGGEN
BE 0456.151.012
Londerzeel · Eq €34,533
VDK Consult
BE 0846.765.854
Brasschaat · Eq €34,449
SAFTA
BE 0884.619.214
Antwerpen · Eq €34,414
Of 1,641 companies in sector 46170 we hold annual accounts for 671. 452 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 formPrivate limited company
Founded15-10-2003
Fiscal year end30-06
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.