Checked.be
Active
BE 0475.760.155Private limited company
MAR.RON
Zuidstraat 81 ·8680 Koekelare, Belgium· 24 yrs active
Sector: Wholesale of household textiles and bedding
(46412)
Conclusion
MAR.RON has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €5k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 7728 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €141k |
| Net result | €5k |
| Better than sector | 91% |
| Active | 24 yrs |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
16
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 24 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.
Checked score
86
/ 100
Excellent
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.
Indicative credit limit
€12k
estimate, not credit advice
Score history
86
2022
86
2023
94
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 9.32 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.48 (≥ 1.0)
+5
Leverage
Debt/equity 0.12 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 13.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-09-2025 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~2.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
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 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 89.3% | 44.7% | |
| Net result | €5k | €31k | |
| Equity | €141k | €398k | |
| Gross operating margin | €13k | €211k | |
| Total assets | €158k | €1.07M |
€8k
+3.8%
22-25
€5k
-4.5%
22-25
€5k
-4.0%
22-25
€158k
+0.3%
22-25
€141k
+3.3%
22-25
€140k
+3.7%
22-25
€2k
-0.3%
22-25
€17k
-19.7%
22-25
€17k
-19.7%
22-25
9.32
+25.3%
22-25
4.48
+32.1%
22-25
89.3%
+3.1%
22-25
0.12
-22.3%
22-25
3.2%
-7.5%
22-25
2.9%
-4.7%
22-25
13.43
-86.7%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €8k | €8k | €4k | €2k |
| Net profit | €5k | €5k | €385 | €1k |
| Cash flow | €5k | €5k | €3k | €2k |
| Staff costs | - | - | - | - |
| Income taxes | €2k | €2k | €698 | €642 |
| Dividends | - | - | - | - |
| Total assets | €158k | €157k | €156k | €144k |
| Equity | €141k | €136k | €132k | €131k |
| Debt | €17k | €21k | €25k | €13k |
| of which ≤ 1y | €17k | €21k | €25k | €13k |
| of which > 1y | - | - | - | - |
| Working capital | €140k | €135k | €130k | €128k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 9.32 | 7.43 | 6.29 | 11.17 |
| Quick ratio | 4.48 | 3.39 | 3.15 | 5.70 |
| Working capital ratio | 88.8% | 85.8% | 83.1% | 89.0% |
| Solvency | 89.3% | 86.7% | 84.3% | 91.3% |
| Debt / equity | 0.12 | 0.15 | 0.19 | 0.10 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 13.43 | 101.20 | 35.24 | 27.29 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.9% | 3.0% | 0.2% | 0.8% |
| ROE | 3.2% | 3.5% | 0.3% | 0.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €158k | €157k | €156k | €144k |
| Fixed assets | 21/28 | €830 | €1k | €2k | €3k |
| Tangible fixed assets | 22/27 | €830 | €1k | €2k | €3k |
| Current assets | 29/58 | €157k | €156k | €154k | €140k |
| Stocks & contracts in progress | 3 | €81k | €85k | €77k | €69k |
| Amounts receivable within one year | 40/41 | €32k | €26k | €17k | €28k |
| Cash & bank | 54/58 | €43k | €45k | €60k | €43k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €158k | €157k | €156k | €144k |
| Equity | 10/15 | €141k | €136k | €132k | €131k |
| Contributions / capital | 10/11 | €63k | €63k | €63k | €63k |
| Reserves | 13 | €78k | €73k | €58k | €58k |
| Accumulated profits (losses) | 14 | - | €0 | €11k | €11k |
| Amounts payable | 17/49 | €17k | €21k | €25k | €13k |
| Amounts payable within one year | 42/48 | €17k | €21k | €25k | €13k |
| Trade debts payable within one year | 44 | €13k | €16k | €23k | €10k |
| Income statement | |||||
| Gross operating margin | 9900 | €13k | €13k | €-5k | €10k |
| Operating result | 9901 | €8k | €7k | €1k | €2k |
| Financial income | 75 | €15 | €1 | €1 | €7 |
| Financial charges | 65 | €604 | €77 | €110 | €83 |
| Result before taxes | 9903 | €7k | €7k | €1k | €2k |
| Income taxes | 67/77 | €2k | €2k | €698 | €642 |
| Net result for the period | 9904 | €5k | €5k | €385 | €1k |
| Result to be appropriated | 9905 | €5k | €5k | €385 | €1k |
Directors & mandates
Current directors & mandates
-
Marijke VERSTRAETEStatutair opvolgend bestuurderState Gazette act 23322586 (15-03-2023)Current15-03-2023 → present
-
Ronald SALEMBIERStatutair bestuurderState Gazette act 23322586 (15-03-2023)Current15-03-2023 → present
2 events
- 15-03-2023 Resigned· Statutair zaakvoerder
- 15-03-2023 Appointed· Statutair bestuurder
Legal Structure
| NACE primary | Wholesale of household textiles and bedding(46412) |
| Legal form | Private limited company(610) |
| Incorporation | 03-10-2001 |
| Status | Active |
| Postal code | 8680 |
Establishment units
MAR.RON
since 20012.116.674.315
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009A0096/00G002 | Flanders | 5,200 m² | 1 · 320 m² | 13.4 m · 3 fl. |
| 32010E0899/00D000 | Flanders | 999 m² | 1 · 29 m² | 2.8 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2022net €5k ▲1138%
Net result €5k, the highest in the series.
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet €385 ▼65.9%
Net result drops to €385, the lowest in the series; recovery starts the following year.
15-03
State Gazette act
Statutes amendment
v3.2
2022
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 3 years ago
2023
15-03-2023 Articles of association amended
Summary:
v3.2
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
"changed": false
},
"seat_change": {
"changed": false
},
"object_change": {
"changed": true
},
"subject_company": {
"kbo": "0475.760.155",
"name_full": "MAR.RON"
},
"legal_form_change": {
"new": "Besloten vennootschap",
"old": "Besloten vennootschap met beperkte aansprakelijkheid",
"changed": false
}
}Credit advice
Company registry (CBE)
Activities
Wholesale of household textiles and bedding4641251410Retail sale of household textiles and bedding4751252410
Names & trade names
| Legal nameNL | MAR.RON |
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