LA MAREE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LA MAREE is 1.9% (moderate). The 2023 annual accounts show equity of €337k and a net result of €71k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 88% of 4885 sector peers (fiscal year 2023). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 88% of 4885 peers (2023). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 380 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	31-08-2024	31 d late	2024-00429940
31-12-2022	31-07-2023	12-09-2023	43 d late	2023-00445627
31-12-2021	31-07-2022	31-10-2022	92 d late	2022-20481803
31-12-2020	31-07-2021	31-01-2022	184 d late	2022-05000276
31-12-2019	31-07-2020	28-07-2020	3 d early	2020-36100195
31-12-2018	31-07-2019	19-06-2019	42 d early	2019-20200069
31-12-2017	31-07-2018	15-06-2018	46 d early	2018-19300022
31-12-2016	31-07-2017	29-08-2017	29 d late	2017-51700196
31-12-2015	31-07-2016	17-06-2016	44 d early	2016-19100411
31-12-2014	31-07-2015	19-06-2015	42 d early	2015-19300362

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1987, 38 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€71k+164.1%

Working capital€315k+32.4%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 6 fiscal years (±1.4%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	64.1%	16.6%	better than 88% of 4885 sector peers
Net result	€71k	€2k	better than 95% of 4875 sector peers
Equity	€337k	€11k	better than 95% of 4900 sector peers
Gross operating margin	€253k	€41k	better than 92% of 4858 sector peers
Staff costs	€135k	€47k	higher than 81% of 3470 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P88

Stable position over 2020-2023 · n=1435-4885

Net result P95

Improving position over 2020-2023 · n=1427-4875

Equity P95

Stable position over 2020-2023 · n=1439-4900

Gross operating margin P92

Improving position over 2020-2023 · n=1421-4858

Describes the position versus peers, not a forecast.

EBITDA

€117k

+158.1% 18-23

Net profit

€71k

+164.1% 18-23

Cash flow

€77k

+127.8% 18-23

Total assets

€526k

+5.9% 18-23

Equity

€337k

+26.6% 18-23

Working capital

€315k

+32.4% 18-23

Employees (FTE)

3

-21.1% 18-23

Staff costs

€135k

+14.7% 18-23

Income taxes

€27k

+7241.4% 18-23

Debt

€178k

-19.0% 18-23

Debt ≤ 1y

€175k

-19.3% 18-23

Debt > 1y

€15k

0.0% 18-23

Current ratio

2.80

+33.5% 18-23

Quick ratio

2.76

+33.6% 18-23

Solvency

64.1%

+19.6% 18-23

Debt / equity

0.53

-36.1% 18-23

ROE

21.0%

+108.5% 18-23

ROA

13.5%

+149.5% 18-23

Interest coverage

8.90

+145.8% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€117k
Net profit	€71k
Cash flow	€77k
Staff costs	€135k
Income taxes	€27k
Dividends	-
Total assets	€526k
Equity	€337k
Debt	€178k
of which ≤ 1y	€175k
of which > 1y	-
Working capital	€315k
Employees (FTE)	3.0

Ratios (computed)

	2023
Current ratio	2.80
Quick ratio	2.76
Working capital ratio	59.9%
Solvency	64.1%
Debt / equity	0.53
Long-term debt ratio	-
Interest coverage	8.90
Gross margin	-
Net margin	-
ROA	13.5%
ROE	21.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €36k · 6.8% Current assets €490k · 93.2%

Equity & liabilities

Equity €337k · 64.1% Provisions €11k · 2.0% Debt €178k · 33.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€526k
Fixed assets	21/28	€36k
Tangible fixed assets	22/27	€5k
Financial fixed assets	28	€31k
Current assets	29/58	€490k
Stocks & contracts in progress	3	€6k
Amounts receivable within one year	40/41	€98k
Cash & bank	54/58	€185k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€526k
Equity	10/15	€337k
Contributions / capital	10/11	€62k
Reserves	13	€230k
Accumulated profits (losses)	14	€45k
Provisions & deferred taxes	16	€11k
Amounts payable	17/49	€178k
Amounts payable within one year	42/48	€175k
Trade debts payable within one year	44	€88k
Income statement
Gross operating margin	9900	€253k
Operating result	9901	€111k
Financial income	75	€33
Financial charges	65	€13k
Result before taxes	9903	€98k
Income taxes	67/77	€27k
Net result for the period	9904	€71k
Result to be appropriated	9905	€71k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

4 companies at this address See who is registered here

Parcels1

Ground area80 m²

Buildings1

Building footprint66 m²

Volume (LiDAR)1,012 m³

Tallest building16.7 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21812N0250/00A000 ProtectedMonumentTraditioneel huisSource ↗	Brussels	80 m²	1 · 66 m²	16.7 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.