Summary
MaerTec is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €222,942 and a net result of €193,402. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 8091 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €222,942
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 20-04-2026, 102 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
102 d early
2024
51 d early
2023
33 d early
2022
34 d early
2021
11 d early
2020
8 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€222,942▲ 149%
2024 · €89,540
Net result
€193,402▲ 14.5%
2024 · €168,876
Total assets
€360,305▲ 55.3%
2024 · €232,076
Solvency
61.9%▲ 23.3pp
2024 · 38.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€124,086▲ 12.7%€116,948▼ 5.8%€141,451▲ 21.0%€221,250▲ 56.4%€259,246▲ 17.2%
Net result€96,027above the sector's middle half▲ 11.4%€91,417above the sector's middle half▼ 4.8%€108,544above the sector's middle half▲ 18.7%€168,876above the sector's middle half▲ 55.6%€193,402above the sector's middle half▲ 14.5%
Equity€29,247below the sector's middle half▼ 12.0%€20,664below the sector's middle half▼ 29.3%€20,664below the sector's middle half=€89,540within the sector's middle half▲ 333%€222,942within the sector's middle half▲ 149%
Total assets€368,765within the sector's middle half▲ 18.3%€145,982within the sector's middle half▼ 60.4%€166,051within the sector's middle half▲ 13.7%€232,076within the sector's middle half▲ 39.8%€360,305within the sector's middle half▲ 55.3%
Debt€339,517▲ 21.9%€125,318▼ 63.1%€145,387▲ 16.0%€142,536▼ 2.0%€137,362▼ 3.6%
Working capital€23,568within the sector's middle half▲ 51.3%€20,664within the sector's middle half▼ 12.3%€19,591within the sector's middle half▼ 5.2%€85,920within the sector's middle half▲ 339%€97,367within the sector's middle half▲ 13.3%
Solvency7.9%below the sector's middle half▼ 2.7pp14.2%below the sector's middle half▲ 6.2pp12.4%below the sector's middle half▼ 1.7pp38.6%within the sector's middle half▲ 26.1pp61.9%within the sector's middle half▲ 23.3pp
Current ratio1.07within the sector's middle half▲ 0.011.16within the sector's middle half▲ 0.101.13within the sector's middle half▼ 0.031.60within the sector's middle half▲ 0.471.71within the sector's middle half▲ 0.11
Return on assets (ROA)26.0%above the sector's middle half▼ 1.6pp62.6%above the sector's middle half▲ 36.6pp65.4%above the sector's middle half▲ 2.7pp72.8%above the sector's middle half▲ 7.4pp53.7%above the sector's middle half▼ 19.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €360,305
Fixed assets
€125,575 ▲ 3,369%
Current assets
€234,729 ▲ 2.7%
Equity and liabilities €360,305
Equity
€222,942 ▲ 149%
Debt
€137,362 ▼ 3.6%
Debt's share of the balance-sheet total falls from 61.4% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
86.7%▼
2024 · 188.6%
Debt ≤ 1 year
€137,362▼
2024 · €142,536
Income taxes
€59,305▲
2024 · €50,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,645 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,968 | €5,679 | €242 | €453 | €19,613 | ▲ 4,227% |
| Other operating charges640/8 | €111 | €112 | €557 | €126 | €302 | ▲ 140% |
| Gross operating margin9900 | €136,165 | €122,739 | €142,250 | €221,829 | €279,161 | ▲ 25.8% |
| Operating profit (loss)9901 | €124,086 | €116,948 | €141,451 | €221,250 | €259,246 | ▲ 17.2% |
| Financial income75/76B | €0 | €21 | €0 | - | €0 | - |
| Recurring financial income75 | €0 | €21 | €0 | - | €0 | - |
| Financial charges65/66B | €284 | €49 | €669 | €1,532 | €6,538 | ▲ 327% |
| Recurring financial charges65 | €284 | €49 | €669 | €1,532 | €6,538 | ▲ 327% |
| Profit (loss) for the period before taxes9903 | €123,802 | €116,919 | €140,782 | €219,718 | €252,708 | ▲ 15.0% |
| Income taxes67/77 | €27,775 | €25,502 | €32,238 | €50,842 | €59,305 | ▲ 16.6% |
| Profit (loss) for the period9904 | €96,027 | €91,417 | €108,544 | €168,876 | €193,402 | ▲ 14.5% |
| Profit (loss) for the period to be appropriated9905 | €96,027 | €91,417 | €108,544 | €168,876 | €193,402 | ▲ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €368,765 | €145,982 | €166,051 | €232,076 | €360,305 | ▲ 55.3% |
| Fixed assets21/28 | €5,679 | €0 | €1,073 | €3,620 | €125,575 | ▲ 3,369% |
| Tangible fixed assets22/27 | €5,679 | €0 | €1,073 | €3,620 | €125,575 | ▲ 3,369% |
| Plant, machinery and equipment23 | €0 | - | - | €2,810 | €18,095 | ▲ 544% |
| Furniture and vehicles24 | €5,679 | €0 | €1,073 | €810 | €88,280 | ▲ 10,794% |
| Other tangible fixed assets26 | - | - | - | - | €19,201 | - |
| Current assets29/58 | €363,086 | €145,982 | €164,977 | €228,456 | €234,729 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €21,609 | €12,692 | €21,864 | €103,438 | €95,191 | ▼ 8.0% |
| Trade receivables40 | €21,109 | €12,192 | €21,295 | €102,938 | €94,691 | ▼ 8.0% |
| Other amounts receivable41 | €500 | €500 | €569 | €500 | €500 | = |
| Current investments50/53 | - | - | - | - | €30,298 | - |
| Cash at bank and in hand54/58 | €340,070 | €131,078 | €142,155 | €124,016 | €108,351 | ▼ 12.6% |
| Deferred charges and accrued income490/1 | €1,407 | €2,212 | €959 | €1,002 | €889 | ▼ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €368,765 | €145,982 | €166,051 | €232,076 | €360,305 | ▲ 55.3% |
| Equity10/15 | €29,247 | €20,664 | €20,664 | €89,540 | €222,942 | ▲ 149% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €9,247 | €664 | €664 | €69,540 | €202,942 | ▲ 192% |
| Non-distributable reserves130/1 | €2,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €0 | - | - | - | - |
| Distributable reserves133 | €7,247 | €664 | €664 | €69,540 | €202,942 | ▲ 192% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €339,517 | €125,318 | €145,387 | €142,536 | €137,362 | ▼ 3.6% |
| Amounts payable within one year42/48 | €339,517 | €125,318 | €145,387 | €142,536 | €137,362 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Trade debts44 | €3,003 | €3,853 | €484 | €1,099 | €1,323 | ▲ 20.4% |
| Suppliers440/4 | €3,003 | €3,853 | €484 | €1,099 | €1,323 | ▲ 20.4% |
| Taxes, remuneration and social security45 | €13,686 | €10,790 | €20,047 | €20,393 | €29,975 | ▲ 47.0% |
| Taxes450/3 | €10,236 | €7,340 | €16,597 | €16,943 | €25,524 | ▲ 50.6% |
| Remuneration and social security454/9 | €3,450 | €3,450 | €3,450 | €3,450 | €4,452 | ▲ 29.0% |
| Other amounts payable47/48 | €322,828 | €110,674 | €124,856 | €121,044 | €106,064 | ▼ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96,027 | €91,417 | €108,544 | €168,876 | €193,402 | ▲ 14.5% |
| + Depreciation and write-downs630 | €11,968 | €5,679 | €242 | €453 | €19,613 | ▲ 4,227% |
| Operating cash flow (approximation) | €107,995 | €97,096 | €108,786 | €169,329 | €213,015 | ▲ 25.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,316 | -€3,000 | -€141,568 | ▼ 4,619% |
| Change in cash | - | -€208,992 | €11,077 | -€18,138 | -€15,666 | ▲ 13.6% |
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
Next filing, fiscal year 2026, expected by
2026
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €193,402 ▲14.5%
Operating result €259,246, net result €193,402, both a record.
31-12
Financial
Equity above €200,000Eq €222,942 ▲149%
8 profitable years in a row build equity to €222,942.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €82,620 ▼1.9%
Net result drops to €82,620, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €197,014 ▲72.2%
2 profitable years in a row build equity to €197,014.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Koksijde · 1 establishment unit since 2017
Ground area
744 m²
Building footprint
192 m²
Volume, LiDAR
948 m³
Parcel 38018A0705/00_000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MaerTec
since 20172.266.080.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A0705/00_000 | Flanders | 744 m² | 1 · 192 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,558 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
73200Market research and public opinion polling
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678409387
Also
9925:BE0678409387
Registered
15-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.