M.A.R.
ActiveSummary
The computed 12-month bankruptcy probability of M.A.R. is 2.4% (moderate). The 2025 annual accounts show equity of €119k and a net result of €9k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 11322 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-7
Solvency99▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.81 against 3.15 in 2024; short-term debt: 25.6% and cash: 62.5% of total assets), and 25.6% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
74.4%
Return on assets
5.3%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
19 d late
2024
30 d early
2023
8 d early
2022
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€119k▲ 7.7%
2024 · €111k
2022: €60k
2023: €95k
2024: €111k
2022 → 2025
Total assets
€160k▲ 2.2%
2024 · €157k
2022: €150k
2023: €183k
2024: €157k
2022 → 2025
Net result
€9k▼ 46.9%
2024 · €16k
2022: €42k
2023: €35k
2024: €16k
2022 → 2025
Working capital
€115k▲ 16.4%
2024 · €99k
2022: €51k
2023: €84k
2024: €99k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€60k-€95k▲ 58.6%€111k▲ 17.0%€119k▲ 7.7%
Operating result€55k-€49k▼ 11.5%€23k▼ 53.8%€14k▼ 37.5%
Net result€42k-€35k▼ 16.1%€16k▼ 54.1%€9k▼ 46.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 37% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €160k
Fixed assets
€4k ▼ 64.5%
Current assets
€156k ▲ 7.7%
Equity and liabilities €160k
Equity
€119k ▲ 7.7%
Debt
€41k ▼ 11.0%
Debt's share of the balance-sheet total falls from 29.4% to 25.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €30k
Cash flow
€16k▼
2024 · €24k
Current ratio
3.81▲
2024 · 3.15
Debt to equity
0.34▼
2024 · 0.42
ROE
7.2%▼
2024 · 14.5%
ROA
5.3%▼
2024 · 10.3%
Interest coverage
51.53▼
2024 · 83.45
Debt ≤ 1 year
€41k▼
2024 · €46k
Income taxes
€5k▼
2024 · €6k
Staff costs
€907
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€160k▲
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€12k€4k▼
Furniture and vehicles24€12k€4k▼
Current assets29/58€145k€156k▲
Amounts receivable within one year40/41€44k€56k▲
Trade receivables40€31k€36k▲
Other amounts receivable41€13k€19k▲
Cash at bank and in hand54/58€101k€100k▼
Equity and liabilities
Total equity and liabilities10/49€157k€160k▲
Equity10/15€111k€119k▲
Contributions10/11€18k€18k=
Reserves13€93k€101k▲
Distributable reserves133€93k€101k▲
Amounts payable17/49€46k€41k▼
Amounts payable within one year42/48€46k€41k▼
Current portion of amounts payable after more than one year42€20k€11k▼
Trade debts44€205€13k▲
Suppliers440/4€205€13k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€2k€789▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€22k€13k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€907
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€419-
Gross operating margin9900€31k€23k▼
Operating profit (loss)9901€23k€14k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€363€424▲
Recurring financial charges65€363€424▲
Profit (loss) for the period before taxes9903€22k€14k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€16k€9k▼
Profit (loss) for the period to be appropriated9905€16k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€9k▼
Transfer to equity691/2€16k€9k▼
To other reserves6921€16k€9k▼
The notes to these accounts (4 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €9k ▼46.9%
Net result drops to €9k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €111k ▲17%
3 profitable years in a row build equity to €111k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2021
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.
Jacques Georginlaan 301030 SchaarbeekGround area
4,900 m²
Building footprint
1,865 m²
Volume, LiDAR
39,529 m³
Parcel 21911C0115/00L000, Brussels · tallest building 41.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
M.A.R.
since 20212.322.099.331
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0115/00L000 | Brussels | 4,900 m² | 1 · 1,865 m² | 41.4 m · 7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.322.099.331
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UNIFISH
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Of 231 companies in sector 46323 we hold annual accounts for 155. 109 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
Founded26-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46323Wholesale trade
49410Freight transport by road
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.