Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARGI from Lokeren, company number BE0447378450, closed financial year 2025 with a result of € -49,620 after tax. For that financial year MARGI recorded a gross margin of € 28,683 and equity of € -18,766. Compared with financial year 2024, the result moved from € -6,815 to € -49,620. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -18,766
▼ € 49,620 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -49,620
▼ 628 % more loss than in 2024
Profit after tax over the fiscal year.
€ 19,565
▲ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -37,366.
People and assets in 2025
€ 26,695
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 36,938
▼ 25% vs 2024
€ 14,017 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 21,296
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 782
▼ 52% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 66,820 | € 71,673 | € 81,814 | € 28,683 | ▼ 65% |
| Profit after taxes | € -38,310 | € -33,516 | € -6,815 | € -49,620 | ▼ € 42,805 |
| Equity | € 71,186 | € 37,670 | € 30,855 | € -18,766 | ▼ € 49,620 |
| Total debts | € 248,637 | € 229,975 | € 259,401 | € 350,855 | ▲ 35% |
| Cash | € 7,751 | € 17,288 | € 13,551 | € 19,565 | ▲ 44% |
| Land & buildings | € 93,795 | € 88,818 | € 81,731 | € 78,170 | ▼ 4% |
| Retained profit | € 52,586 | € 19,070 | € 12,255 | € -37,366 | ▼ € 49,620 |
| Bank debt | € 81,642 | € 70,384 | € 49,315 | € 36,938 | ▼ 25% |
| Balance sheet total | € 319,823 | € 267,645 | € 290,255 | € 332,089 | ▲ 14% |
Key figures of MARGI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MARGI?
What happened at MARGI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 49,620. Source: NBB ↗
- MARCEL CORNELIS became a director. NBB
- Peggy Cornelis became a director. NBB
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,310 loss in 2022 to € 49,620 loss in 2025.
Paid € 3,150 in corporate taxes since 2022.
Management
Behind MARGI are MARCEL CORNELIS and Peggy Cornelis.
Directors
According to the 2025 annual accounts
MARCEL CORNELIS
Director
since 2008
Peggy Cornelis
Director
since 2003
Establishments
Establishment units
Physical locations of this company
Tweebruggenstraat 52
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.378.450
- VAT number
- BE 0447.378.450
- Registered office
- Tweebruggenstraat 52, 9160 Lokeren
- Names & denominations
- MARGI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 May 1992
- Peppol
- Active · Active since 1 Oct 2025
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