MAERLIN
ActiveSummary
The computed 12-month bankruptcy probability of MAERLIN is 9.2% (elevated). For MAERLIN, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €36,559 and a net result of €1,480. Equity is growing by ~7.3% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability45▼-9
Solvency95=
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
9.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
70.4%
Return on assets
2.8%
Age of the figures
57 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
135 d late
2019
129 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 98 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, micro schema
Equity
€36,559▲ 4.2%
2020 · €35,079
Total assets
€51,951▲ 4.1%
2020 · €49,885
Net result
€1,480▼ 55.2%
2020 · €3,305
Working capital
€34,891▲ 4.4%
2020 · €33,411
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€1,039--€522▲ 49.8%-€1,043
Net result€1,927-€2,179▲ 13.0%€3,305▲ 51.7%€1,480▼ 55.2%
Equity€29,595-€31,774▲ 7.4%€35,079▲ 10.4%€36,559▲ 4.2%
Total assets€48,645-€46,274▼ 4.9%€49,885▲ 7.8%€51,951▲ 4.1%
Debt€19,049-€14,500▼ 23.9%€14,806▲ 2.1%€15,391▲ 4.0%
Working capital€27,927-€30,106▲ 7.8%€33,411▲ 11.0%€34,891▲ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€1,043 in 2021, compared with -€522 in 2019. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €51,951
Fixed assets
€1,668 =
Current assets
€50,283 ▲ 4.3%
Equity and liabilities €51,951
Equity
€36,559 ▲ 4.2%
Debt
€15,391 ▲ 4.0%
Debt's share of the balance-sheet total falls from 29.7% to 29.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.27▲
2020 · 3.26
Debt to equity
0.42
ROE
4.0%▼
2020 · 9.4%
ROA
2.8%▼
2020 · 6.6%
Debt ≤ 1 year
€15,391▲
2020 · €14,806
Income taxes
€530▼
2020 · €1,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €55 | - |
| Gross operating margin9900 | -€155 | - | - | -€988 | - |
| Operating profit (loss)9901 | -€1,039 | -€522 | - | -€1,043 | - |
| Financial income75/76B | - | - | - | €3,070 | - |
| Recurring financial income75 | €3,849 | €3,741 | €4,477 | €3,070 | ▼ 31.4% |
| Financial charges65/66B | - | - | - | €17 | - |
| Recurring financial charges65 | €24 | €30 | €10 | €17 | ▲ 73.2% |
| Profit (loss) for the period before taxes9903 | €2,785 | €3,189 | €4,467 | €2,011 | ▼ 55.0% |
| Income taxes67/77 | €858 | €1,011 | €1,162 | €530 | ▼ 54.4% |
| Profit (loss) for the period9904 | €1,927 | €2,179 | €3,305 | €1,480 | ▼ 55.2% |
| Profit (loss) for the period to be appropriated9905 | €1,927 | €2,179 | €3,305 | €1,480 | ▼ 55.2% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48,645 | €46,274 | €49,885 | €51,951 | ▲ 4.1% |
| Fixed assets21/28 | €1,668 | €1,668 | €1,668 | €1,668 | = |
| Financial fixed assets28 | €1,668 | €1,668 | €1,668 | €1,668 | = |
| Current assets29/58 | €46,977 | €44,606 | €48,217 | €50,283 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €44,688 | €44,606 | €48,217 | €50,281 | ▲ 4.3% |
| Other amounts receivable41 | - | - | - | €50,281 | - |
| Cash at bank and in hand54/58 | €2,289 | €1 | - | €2 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48,645 | €46,274 | €49,885 | €51,951 | ▲ 4.1% |
| Equity10/15 | €29,595 | €31,774 | €35,079 | €36,559 | ▲ 4.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €1,170 | €1,170 | €1,170 | €1,170 | = |
| Non-distributable reserves130/1 | - | - | - | €1,170 | - |
| Reserves not available under the articles1311 | - | - | - | €1,170 | - |
| Profit (loss) carried forward14 | €22,226 | €24,404 | €27,709 | €29,190 | ▲ 5.3% |
| Amounts payable17/49 | €19,049 | €14,500 | €14,806 | €15,391 | ▲ 4.0% |
| Amounts payable within one year42/48 | €19,049 | €14,500 | €14,806 | €15,391 | ▲ 4.0% |
| Trade debts44 | €8,046 | €4,606 | €4,606 | €5,649 | ▲ 22.6% |
| Suppliers440/4 | - | - | - | €5,649 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,716 | - |
| Taxes450/3 | - | - | - | €1,716 | - |
| Other amounts payable47/48 | - | - | - | €8,027 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,927 | €2,179 | €3,305 | €1,480 | ▼ 55.2% |
| Operating cash flow (approximation) | €1,927 | €2,179 | €3,305 | €1,480 | ▼ 55.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€2,288 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €1,480 ▼55.2%
Net result drops to €1,480, the lowest in the series.
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
2020
31-12
Financial
Highest result since 2018net €3,305 ▲51.7%
Net result €3,305, the highest in the series.
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
28-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 150 days late
2014
10-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 436 days late
10-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 801 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Schaarbeek · 1 establishment unit since 2003
Ground area
510 m²
Building footprint
227 m²
Volume, LiDAR
3,415 m³
2 parcels, Brussels, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
LE KIEKEFRETTER
since 20032.132.264.094
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0335/00D010 | Flanders | 383 m² | 1 · 98 m² | 10.4 m · 3 fl. |
| 21905C0089/00T008 | Brussels | 127 m² | 1 · 128 m² | 23.6 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-06-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.