MARA 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 €713k and a net result of €1k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 2425 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
29 d late
2023
27 d late
2022
32 d early
2021
24 d late
2020
29 d early
2019
7 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€713k▼ 7.2%
2024 · €769k
2018: €304k
2019: €328k
2020: €492k
2021: €566k
2022: €647k
2023: €645k
2024: €769k
2018 → 2025
Net result
€1k▼ 98.9%
2024 · €124k
2018: €33k
2019: €24k
2020: €165k
2021: €74k
2022: €80k
2023: €32k
2024: €124k
2018 → 2025
Total assets
€2.09M▼ 6.0%
2024 · €2.22M
2018: €1.75M
2019: €1.75M
2020: €1.96M
2021: €2.04M
2022: €2.05M
2023: €2.03M
2024: €2.22M
2018 → 2025
Solvency
34.2%▼ 0.5pp
2024 · 34.6%
2018: 17.4%
2019: 18.8%
2020: 25.1%
2021: 27.8%
2022: 31.5%
2023: 31.7%
2024: 34.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€566k-€647k▲ 14.2%€645k▼ 0.2%€769k▲ 19.2%€713k▼ 7.2%
Operating result€116k-€126k▲ 8.8%€58k▼ 54.3%€238k▲ 313%€27k▼ 88.5%
Net result€74k-€80k▲ 8.5%€32k▼ 59.9%€124k▲ 285%€1k▼ 98.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.09M
Fixed assets
€1.22M▼ 2.2%
Current assets
€864k▼ 11.0%
Equity and liabilities €2.09M
Equity
€713k▼ 7.2%
Provisions
€46k=
Debt
€1.33M▼ 5.5%
The debt ratio rises from 63.3% to 63.6%. Equity and debt are lower.
Key figures and ratios
Solvency
34.2%▼
2024 · 34.6%
ROE
0.2%▼
2024 · 16.1%
ROA
0.1%▼
2024 · 5.6%
Debt
€1.33M▼
2024 · €1.41M
Debt ≤ 1 year
€67k▼
2024 · €140k
Debt > 1 year
€1.26M▼
2024 · €1.27M
Income taxes
€7k▼
2024 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.22M€2.09M▼
Fixed assets21/28€1.25M€1.22M▼
Tangible fixed assets22/27€1.25M€1.22M▼
Land and buildings22€1.24M€1.18M▼
Plant, machinery and equipment23€2k€2k=
Furniture and vehicles24€10k€39k▲
Financial fixed assets28€2k€2k=
Current assets29/58€971k€864k▼
Amounts receivable after more than one year29€607k€607k=
Other amounts receivable291€607k€607k=
Amounts receivable within one year40/41€359k€248k▼
Trade receivables40€242k€71k▼
Other amounts receivable41€117k€177k▲
Cash at bank and in hand54/58€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€2.22M€2.09M▼
Equity10/15€769k€713k▼
Contributions10/11€12k€12k=
Revaluation surpluses12€163k€163k=
Reserves13€594k€539k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€592k€537k▼
Provisions and deferred taxes16€46k€46k=
Provisions for liabilities and charges160/5€46k€46k=
Pensions and similar obligations160€46k€46k=
Amounts payable17/49€1.41M€1.33M▼
Amounts payable after more than one year17€1.27M€1.26M▼
Financial debts170/4€1.27M€1.26M▼
Amounts payable within one year42/48€140k€67k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€3k€3k=
Credit institutions430/8€3k€3k=
Trade debts44€79€7k▲
Suppliers440/4€79€7k▲
Taxes, remuneration and social security45€104k€50k▼
Taxes450/3€104k€50k▼
Other amounts payable47/48€27k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€61k▲
Other operating charges640/8€9k€5k▼
Gross operating margin9900€307k€93k▼
Operating profit (loss)9901€238k€27k▼
Financial income75/76B€22k€26k▲
Recurring financial income75€22k€26k▲
Financial charges65/66B€47k€45k▼
Recurring financial charges65€47k€45k▼
Profit (loss) for the period before taxes9903€213k€8k▼
Income taxes67/77€89k€7k▼
Profit (loss) for the period9904€124k€1k▼
Profit (loss) for the period to be appropriated9905€124k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€124k€1k▼
Transfer from equity791/2-€57k
Transfer to equity691/2€124k€1k▼
To other reserves6921€124k€1k▼
Profit to be distributed694/7-€57k
Return on contributions (dividend)694-€57k
The notes to these accounts (9 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
13-07
State Gazette act
Resignations & appointmentsBoard meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director appointment2 facts ▸
- Board meeting, 9 juni 2026
- Director appointment, Ralph Laceur (bestuurder)
2025
31-12
Financial
Weakest financial yearnet €1k ▼98.9%
Net result drops to €1k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Equity above €500kEq €566k ▲15%
4 profitable years in a row build equity to €566k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €165k ▲586%
Operating result €245k, net result €165k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Ralph Laceur
CurrentDirector · since 15-04-2026
15-04-2026
Appointed as Director
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 2005
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.
Dendermondesteenweg 2909070 DestelbergenGround area
2,632 m²
Building footprint
330 m²
Volume, LiDAR
2,092 m³
Parcel 44013A0699/00N002, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARA
since 20052.147.889.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0699/00N002 | Flanders | 2,632 m² | 1 · 330 m² | 10.8 m · 2 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.
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LUNADVICE
BE 0695.987.569
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IP-mobile
BE 0550.372.555
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Kantoor Melis
BE 0445.897.221
Beveren-Kruibeke-Zwijndrecht · Eq €726k
Of 1,507 companies in sector 66199 we hold annual accounts for 917. 569 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-05-2005
Fiscal year end31-12
Activities, NACEBEL
66199Other activities auxiliary to financial services, excluding insurance and pension funding
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.