MARS
ActiveMARS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €3k. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+19
Solvency27▲+1
Growth22=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.12 in 2024; short-term debt: 62.6% and cash: 0.1% of total assets), and 97.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
2.4%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27619 sector peers (2025).
NBB · sector comparisonPosition among 27619 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
57 d late
2022
32 d late
2021
2 d early
2020
31 d late
2019
34 d late
2018
19 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€64k▼ 59.5%
2018 · €157k
2018: €157k
2018 → 2019
EBIT margin
-3.5%▼ 12.4pp
2018 · 8.9%
2018: 8.9%
2018 → 2019
Net result
€3k
2024 · €-29k
2018: €3k
2019: €-2k
2020: €-3k
2021: €5k
2022: €2k
2024: €-29k
2018 → 2025
Working capital
€-254k▲ 28.0%
2024 · €-353k
2018: €-97k
2019: €-99k
2020: €-112k
2021: €-150k
2022: €-161k
2024: €-353k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€32k-€38k▲ 16.9%€40k▲ 6.3%€9k▼ 77.1%€12k▲ 29.5%
Operating result€-1k-€23k€13k▼ 43.0%€-21k€16k
Net result€-3k-€5k€2k▼ 56.1%€-29k€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €498k
Fixed assets
€441k▼ 24.5%
Current assets
€58k▲ 14.9%
Equity and liabilities €498k
Equity
€12k▲ 29.5%
Debt
€486k▼ 22.1%
The debt ratio falls from 98.5% to 97.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €15k
Cash flow
€29k▲
2024 · €7k
Solvency
2.4%▲
2024 · 1.5%
Current ratio
0.18▲
2024 · 0.12
Quick ratio
0.18▲
2024 · 0.12
Debt / equity
40.87▼
2024 · 67.94
ROE
22.8%▲
2024 · -311.3%
ROA
0.5%▲
2024 · -4.5%
Interest coverage
3.22▲
2024 · 1.62
Debt
€486k▼
2024 · €625k
Debt ≤ 1 year
€312k▼
2024 · €404k
Debt > 1 year
€174k▼
2024 · €221k
Income taxes
€237▲
2024 · €-1k
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€634k€498k▼
Fixed assets21/28€584k€441k▼
Tangible fixed assets22/27€584k€441k▼
Land and buildings22€569k€417k▼
Furniture and vehicles24€15k€24k▲
Current assets29/58€50k€58k▲
Amounts receivable within one year40/41€50k€55k▲
Trade receivables40€43k€43k▲
Other amounts receivable41€7k€12k▲
Cash at bank and in hand54/58€39€400▲
Deferred charges and accrued income490/1€496€2k▲
Equity and liabilities
Total equity and liabilities10/49€634k€498k▼
Equity10/15€9k€12k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-11k€-9k▲
Amounts payable17/49€625k€486k▼
Amounts payable after more than one year17€221k€174k▼
Financial debts170/4€221k€174k▼
Amounts payable within one year42/48€404k€312k▼
Current portion of amounts payable after more than one year42€40k€30k▼
Trade debts44€1k€17k▲
Suppliers440/4€1k€17k▲
Taxes, remuneration and social security45€460€176▼
Taxes450/3€460€176▼
Other amounts payable47/48€362k€265k▼
Income statement
Code20242025
Non-recurring operating income76A-€70k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€27k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€3k€9k▲
Non-recurring operating charges66A€11k€7k▼
Gross operating margin9900€29k€59k▲
Operating profit (loss)9901€-21k€16k▲
Financial income75/76B€99€15▼
Recurring financial income75€99€15▼
Financial charges65/66B€9k€13k▲
Recurring financial charges65€9k€13k▲
Profit (loss) for the period before taxes9903€-30k€3k▲
Income taxes67/77€-1k€237▲
Profit (loss) for the period9904€-29k€3k▲
Profit (loss) for the period to be appropriated9905€-29k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-9k▲
Profit (loss) brought forward from the previous period14P€17k€-11k▼
The notes to these accounts (13 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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €-29k ▼1293%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
08-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Braine-l'Alleud · 1 establishment unit since 2006
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 Planche Pêcheur 381420 Braine-l'Alleud1 establishment unit
MARS
since 20062.153.842.636
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Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 4,387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-01-2006
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.