MARVI
ActiveSummary
MARVI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €36k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 4354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency69▼-19
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.84 in 2023; short-term debt: 56.4% and cash: 20.2% of total assets), and 56.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.6%
Return on assets
28.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-09-2025, 44 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
not confirmed
2024
44 d late
2023
52 d late
2022
31 d late
2021
5 d early
2020
3 d early
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k
2023 · €-19k
2018: €4k
2019: €2k
2020: €18k
2021: €9k
2022: €29k
2023: €-19k
2018 → 2024
Working capital
€27k▲ 13.7%
2023 · €24k
2018: €22k
2019: €32k
2020: €21k
2021: €28k
2022: €88k
2023: €24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€38k▲ 31.4%€67k▲ 78.0%€48k▼ 27.9%€55k▲ 12.8%
Operating result€23k-€5k▼ 78.1%€38k▲ 646%€-19k€50k
Net result€18k-€9k▼ 50.2%€29k▲ 226%€-19k€36k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €50k after a loss of €19k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125k
Fixed assets
€27k ▲ 11.9%
Current assets
€98k ▲ 86.5%
Equity and liabilities €125k
Equity
€55k ▲ 12.8%
Debt
€71k ▲ 148%
Debt's share of the balance-sheet total rises from 37.1% to 56.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55k▲
2023 · €-15k
Cash flow
€42k▲
2023 · €-15k
Current ratio
1.39▼
2023 · 1.84
Debt to equity
1.30▲
2023 · 0.59
ROE
66.2%▲
2023 · -38.6%
ROA
28.9%▲
2023 · -24.3%
Interest coverage
131.70▲
2023 · -114.17
Debt ≤ 1 year
€71k▲
2023 · €29k
Income taxes
€13k▲
2023 · €164
Staff costs
€74k▲
2023 · €57k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€77k€125k▲
Fixed assets21/28€24k€27k▲
Tangible fixed assets22/27€24k€27k▲
Plant, machinery and equipment23€16k€14k▼
Furniture and vehicles24€8k€13k▲
Financial fixed assets28€70€70=
Current assets29/58€53k€98k▲
Amounts receivable within one year40/41€26k€73k▲
Trade receivables40€26k€63k▲
Other amounts receivable41€43€10k▲
Cash at bank and in hand54/58€26k€25k▼
Deferred charges and accrued income490/1-€195
Equity and liabilities
Total equity and liabilities10/49€77k€125k▲
Equity10/15€48k€55k▲
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€28k€34k▲
Amounts payable17/49€29k€71k▲
Amounts payable within one year42/48€29k€71k▲
Financial debts43€3€3=
Credit institutions430/8€3€3=
Trade debts44€9k€23k▲
Suppliers440/4€9k€23k▲
Taxes, remuneration and social security45€18k€17k▼
Taxes450/3€539€4k▲
Remuneration and social security454/9€18k€13k▼
Other amounts payable47/48€1k€31k▲
Income statement
Code20232024
Remuneration, social security and pensions62€57k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€48k€137k▲
Operating profit (loss)9901€-19k€50k▲
Financial income75/76B€1k€200▼
Recurring financial income75€1k€200▼
Financial charges65/66B€136€421▲
Recurring financial charges65€136€421▲
Profit (loss) for the period before taxes9903€-19k€50k▲
Income taxes67/77€164€13k▲
Profit (loss) for the period9904€-19k€36k▲
Profit (loss) for the period to be appropriated9905€-19k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€64k▲
Profit (loss) brought forward from the previous period14P€47k€28k▼
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
2024
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
31-12
Financial
Weakest financial yearnet €-19k ▼164%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 6.75
Current ratio from 1.42 to 6.75; short-term debt falls from €51k to €5k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 107 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Namur · 1 establishment unit since 2008
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.
Chaussée de Louvain(BU) 3635004 NamurGround area
1,972 m²
Building footprint
585 m²
Volume, LiDAR
6,755 m³
Parcel 92021F0172/00_000, Wallonia · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MARVI
since 20082.169.769.739
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92021F0172/00_000 | Wallonia | 1,972 m² | 1 · 585 m² | 14.6 m · 4 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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ATELIER D'ARCHITECTURE DEBRAY - ARCHITECTUUR ATELIER DEBRAY
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IMBRECHTS ARCHITECTENBUREAU
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Of 14,143 companies in sector 74201 we hold annual accounts for 2,612. 2,082 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
Founded04-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
74201Photography, excluding press photography
46190Agents in non-specialised wholesale trade
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0476/270 275