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CartoonistMAREC

Active
Private limited companyfounded 20241 yr activeRopeerdstraat 20, 8000 Brugge, BelgiumKBO/BCE: BE 1015.166.663
Summary

CartoonistMAREC has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,429 and a net result of €13,429. Its solvency ranks better than 24% of 569 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

What they do
Performing arts by independent artists
NACE 90201NACE 90011
1 site
How big
€153,585total assets 2025
Equity
€16,429
Profit
€13,429
Turnover not published (abridged schema)
Financially healthy?
83 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Who decides
Accounts 22 d early0 of 1 deed read
Why 83- Founded in 2024- Equity €16,429 (10.7% of total assets)+ Sector Arts creation and performing arts activities (NACE 90)+ Size: total assets €153,585Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Better than 31% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
Financial strength
Weak
Solvency 36
equity 10.7% of total assets
Liquidity 14
short-term debt 88.5% · cash 10.2%
Profitability 80
return on assets 8.7%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,378 companies)
  • Sector Arts creation and performing arts activities (NACE 90) lowers the probability
  • Founded in 2024 raises the probability for this profile
  • Size: total assets €153,585 lowers the probability for this profile
  • Equity €16,429 (10.7% of total assets) raises the probability
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.28; short-term debt: 88.5% and cash: 10.2% of total assets), and 89.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 90, micro). Better than this share of them on solvency 24%, liquidity 9%, profitability 62%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Arts creation and performing arts activities (NACE 90)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Founded in 2024
In the bankruptcy model this factor raises the probability for this profile.
KBO
lowers risk · Size: total assets €153,585
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €16,429 (10.7% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 569 sector peers (2025).
NBB · sector comparison
Position among 569 sector peers
Solvency
better than 24%
← weakest strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
22 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…

Key points

  • Total assets 2025first fiscal year filed €153,585 View
  • Active since 2024founded 16-10-2024 1 years View

By topic

Financials

Fiscal year
2025
Total assets
€153,585
Profit
€13,429
Solvency
10.7%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Performing arts by independent artistsNACE 90201
Founded
16-10-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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