MAMARES
ActiveSummary
MAMARES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,131 and a net result of -€2,424. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-1
Solvency76▼-17
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 1.28 in 2024; short-term debt: 49.3% and cash: 29.1% of total assets), and 49.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
64 d early
2023
on the day
2022
11 d early
2021
21 d late
2020
36 d early
2019
28 d late
← 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 1 August (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
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€184,131▼ 36.3%
2024 · €289,054
Total assets
€362,968▼ 15.2%
2024 · €428,116
Net result
-€2,424
2024 · €1,207
Working capital
-€51,336
2024 · €37,932
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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€615▼ 98.0%-€5,619-€8,287▼ 47.5%€6,716-€312
Net result-€3,662within the sector's middle half-€6,030within the sector's middle half▼ 64.7%-€7,605within the sector's middle half▼ 26.1%€1,207within the sector's middle half-€2,424within the sector's middle half
Equity€386,983above the sector's middle half▼ 0.9%€380,953above the sector's middle half▼ 1.6%€323,847above the sector's middle half▼ 15.0%€289,054within the sector's middle half▼ 10.7%€184,131within the sector's middle half▼ 36.3%
Total assets€754,341within the sector's middle half▲ 25.9%€498,025within the sector's middle half▼ 34.0%€436,072within the sector's middle half▼ 12.4%€428,116within the sector's middle half▼ 1.8%€362,968within the sector's middle half▼ 15.2%
Debt€367,359▲ 76.3%€117,072▼ 68.1%€112,225▼ 4.1%€139,062▲ 23.9%€178,838▲ 28.6%
Working capital€27,221within the sector's middle half▼ 90.1%€110,367within the sector's middle half▲ 305%€65,748within the sector's middle half▼ 40.4%€37,932within the sector's middle half▼ 42.3%-€51,336within the sector's middle half
Solvency51.3%within the sector's middle half▼ 13.9pp76.5%above the sector's middle half▲ 25.2pp74.3%above the sector's middle half▼ 2.2pp67.5%above the sector's middle half▼ 6.7pp50.7%within the sector's middle half▼ 16.8pp
Current ratio1.08within the sector's middle half▼ 1.402.15within the sector's middle half▲ 1.071.66within the sector's middle half▼ 0.491.28within the sector's middle half▼ 0.380.71within the sector's middle half▼ 0.57
Return on assets (ROA)-0.5%within the sector's middle half▼ 4.3pp-1.2%within the sector's middle half▼ 0.7pp-1.7%within the sector's middle half▼ 0.5pp0.3%within the sector's middle half▲ 2.0pp-0.7%within the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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
The operating result turns negative in 2025: a loss of €312 after €6,716 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362,968
Fixed assets
€235,467 ▼ 7.7%
Current assets
€127,501 ▼ 26.3%
Equity and liabilities €362,968
Equity
€184,131 ▼ 36.3%
Debt
€178,838 ▲ 28.6%
Debt's share of the balance-sheet total rises from 32.5% to 49.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,434▼
2024 · €26,284
Cash flow
€17,322▼
2024 · €20,775
Debt to equity
0.97▲
2024 · 0.48
ROE
-1.3%▼
2024 · 0.4%
Interest coverage
50.04▲
2024 · 9.50
Debt ≤ 1 year
€178,838▲
2024 · €134,971
Debt > 1 year
€0▼
2024 · €4,091
Income taxes
€1,743▼
2024 · €2,742
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €55,000 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,886 | €55,560 | €21,448 | €19,568 | €19,746 | ▲ 0.9% |
| Other operating charges640/8 | €2,087 | €3,702 | €3,127 | €3,229 | €3,371 | ▲ 4.4% |
| Gross operating margin9900 | €37,589 | €53,643 | €16,288 | €29,513 | €22,806 | ▼ 22.7% |
| Operating profit (loss)9901 | €615 | -€5,619 | -€8,287 | €6,716 | -€312 | ▼ 105% |
| Financial income75/76B | €2,328 | €3,774 | €5,054 | €0 | €20 | - |
| Recurring financial income75 | €2,328 | €3,774 | €5,054 | €0 | €20 | - |
| Financial charges65/66B | €5,122 | €3,161 | €3,381 | €2,767 | €388 | ▼ 86.0% |
| Recurring financial charges65 | €5,122 | €3,161 | €3,381 | €2,767 | €388 | ▼ 86.0% |
| Profit (loss) for the period before taxes9903 | -€2,178 | -€5,006 | -€6,615 | €3,949 | -€680 | ▼ 117% |
| Income taxes67/77 | €1,484 | €1,024 | €991 | €2,742 | €1,743 | ▼ 36.4% |
| Profit (loss) for the period9904 | -€3,662 | -€6,030 | -€7,605 | €1,207 | -€2,424 | ▼ 301% |
| Profit (loss) for the period to be appropriated9905 | -€3,662 | -€6,030 | -€7,605 | €1,207 | -€2,424 | ▼ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €754,341 | €498,025 | €436,072 | €428,116 | €362,968 | ▼ 15.2% |
| Fixed assets21/28 | €398,911 | €291,758 | €270,310 | €255,213 | €235,467 | ▼ 7.7% |
| Intangible fixed assets21 | €3,542 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €395,370 | €291,758 | €270,310 | €255,213 | €235,467 | ▼ 7.7% |
| Land and buildings22 | €376,319 | €272,395 | €258,677 | €244,959 | €231,241 | ▼ 5.6% |
| Plant, machinery and equipment23 | €10,140 | €11,790 | €7,887 | €3,984 | €507 | ▼ 87.3% |
| Furniture and vehicles24 | €8,911 | €7,573 | €3,746 | €6,269 | €3,719 | ▼ 40.7% |
| Current assets29/58 | €355,430 | €206,267 | €165,762 | €172,903 | €127,501 | ▼ 26.3% |
| Amounts receivable within one year40/41 | €201,825 | €140,786 | €15,560 | €112,641 | €15,419 | ▼ 86.3% |
| Trade receivables40 | €5,622 | €1,095 | €560 | €97,641 | €162 | ▼ 99.8% |
| Other amounts receivable41 | €196,203 | €139,691 | €15,000 | €15,000 | €15,257 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €153,387 | €63,807 | €146,613 | €58,232 | €105,543 | ▲ 81.2% |
| Deferred charges and accrued income490/1 | €218 | €1,673 | €3,589 | €2,029 | €6,539 | ▲ 222% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €754,341 | €498,025 | €436,072 | €428,116 | €362,968 | ▼ 15.2% |
| Equity10/15 | €386,983 | €380,953 | €323,847 | €289,054 | €184,131 | ▼ 36.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €378,644 | €378,644 | €313,847 | €277,847 | €175,347 | ▼ 36.9% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €378,644 | €378,644 | €313,847 | €277,847 | €175,347 | ▼ 36.9% |
| Profit (loss) carried forward14 | -€1,661 | -€7,691 | €0 | €1,207 | -€1,217 | ▼ 201% |
| Amounts payable17/49 | €367,359 | €117,072 | €112,225 | €139,062 | €178,838 | ▲ 28.6% |
| Amounts payable after more than one year17 | €38,686 | €20,251 | €12,211 | €4,091 | €0 | ▼ 100% |
| Financial debts170/4 | €38,686 | €20,251 | €12,211 | €4,091 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €328,209 | €95,900 | €100,014 | €134,971 | €178,838 | ▲ 32.5% |
| Current portion of amounts payable after more than one year42 | €19,308 | €18,435 | €8,039 | €8,120 | €4,091 | ▼ 49.6% |
| Trade debts44 | €30,906 | €3,097 | €5,921 | €7,341 | €200 | ▼ 97.3% |
| Suppliers440/4 | €30,906 | €3,097 | €5,921 | €7,341 | €200 | ▼ 97.3% |
| Advances received on contracts in progress46 | €50,900 | €1,900 | €15,175 | €88,575 | €70,305 | ▼ 20.6% |
| Taxes, remuneration and social security45 | €3,443 | €12,313 | €7,549 | €20,616 | €4,242 | ▼ 79.4% |
| Taxes450/3 | €3,443 | €12,313 | €7,549 | €20,616 | €4,242 | ▼ 79.4% |
| Other amounts payable47/48 | €223,652 | €60,155 | €63,329 | €10,318 | €100,000 | ▲ 869% |
| Accrued charges and deferred income492/3 | €464 | €921 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,662 | -€6,030 | -€7,605 | €1,207 | -€2,424 | ▼ 301% |
| + Depreciation and write-downs630 | €34,886 | €55,560 | €21,448 | €19,568 | €19,746 | ▲ 0.9% |
| Operating cash flow (approximation) | €31,224 | €49,530 | €13,842 | €20,775 | €17,322 | ▼ 16.6% |
| Investment in fixed assets (approximation) | - | €51,594 | -€0 | -€4,471 | €0 | ▲ 100% |
| Change in cash | - | -€89,580 | €82,806 | -€88,381 | €47,311 | ▲ 154% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,207
Net result €1,207 after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€7,605
Net result drops to -€7,605, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €102,761 ▲40.3%
Operating result €153,580, net result €102,761, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial 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, De Haan · 1 establishment unit since 2012
Ground area
219 m²
Building footprint
86 m²
Volume, LiDAR
1,274 m³
Parcel 31038B0029/00W002, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Leopold II-laan 6, 8420 De Haan
since 20122.211.753.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31038B0029/00W002 | Flanders | 219 m² | 1 · 86 m² | 18.6 m · 5 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 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,226 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
Founded19-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846674693
Registered
27-03-2026
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.