MARABOE
ActiveMARABOE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €448k and a net result of €69k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 1850 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-6
Solvency97▲+6
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 3.86 in 2023), and 44.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
41 d early
2022
32 d early
2021
54 d early
2020
31 d early
2019
56 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€448k▲ 18.3%
2023 · €378k
2018: €371k
2019: €398k
2020: €265k
2021: €255k
2022: €315k
2023: €378k
2018 → 2024
Total assets
€801k▼ 1.5%
2023 · €813k
2018: €1.18M
2019: €1.08M
2020: €1.00M
2021: €962k
2022: €896k
2023: €813k
2018 → 2024
Net result
€69k▲ 10.2%
2023 · €63k
2018: €76k
2019: €27k
2020: €-133k
2021: €-9k
2022: €60k
2023: €63k
2018 → 2024
Working capital
€277k▲ 16.6%
2023 · €237k
2018: €141k
2019: €171k
2020: €236k
2021: €251k
2022: €212k
2023: €237k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€265k-€255k▼ 3.6%€315k▲ 23.5%€378k▲ 20.0%€448k▲ 18.3%
Operating result€-103k-€4k€118k▲ 2,714%€66k▼ 43.9%€119k▲ 79.0%
Net result€-133k-€-9k▲ 92.9%€60k€63k▲ 4.9%€69k▲ 10.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 79% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €801k
Fixed assets
€438k▼ 11.0%
Current assets
€363k▲ 13.1%
Equity and liabilities €801k
Equity
€448k▲ 18.3%
Debt
€354k▼ 18.7%
The debt ratio falls from 53.5% to 44.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€191k▲
2023 · €137k
Cash flow
€142k▲
2023 · €133k
Solvency
55.9%▲
2023 · 46.5%
Current ratio
4.23▲
2023 · 3.86
Quick ratio
4.23▲
2023 · 3.86
Debt / equity
0.79▼
2023 · 1.15
ROE
15.5%▼
2023 · 16.6%
ROA
8.7%▲
2023 · 7.7%
Interest coverage
9.62▲
2023 · 5.65
Debt
€354k▼
2023 · €435k
Debt ≤ 1 year
€86k▲
2023 · €83k
Debt > 1 year
€268k▼
2023 · €352k
Income taxes
€30k▲
2023 · €-21k
Staff costs
€96k▲
2023 · €91k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€813k€801k▼
Fixed assets21/28€493k€438k▼
Tangible fixed assets22/27€493k€438k▼
Land and buildings22€460k€396k▼
Plant, machinery and equipment23€26k€39k▲
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€105€105=
Current assets29/58€321k€363k▲
Amounts receivable within one year40/41€86k€71k▼
Trade receivables40€3k€6k▲
Other amounts receivable41€83k€65k▼
Current investments50/53€210k€210k=
Cash at bank and in hand54/58€24k€82k▲
Equity and liabilities
Total equity and liabilities10/49€813k€801k▼
Equity10/15€378k€448k▲
Contributions10/11€194k€194k=
Reserves13€159k€209k▲
Distributable reserves133€159k€209k▲
Profit (loss) carried forward14€25k€45k▲
Amounts payable17/49€435k€354k▼
Amounts payable after more than one year17€352k€268k▼
Financial debts170/4€352k€268k▼
Amounts payable within one year42/48€83k€86k▲
Current portion of amounts payable after more than one year42€79k€82k▲
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€4k€2k▼
Remuneration and social security454/9€4k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€91k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€72k▲
Other operating charges640/8€38k€54k▲
Gross operating margin9900€266k€342k▲
Operating profit (loss)9901€66k€119k▲
Financial income75/76B€18€468▲
Recurring financial income75€18€468▲
Financial charges65/66B€24k€20k▼
Recurring financial charges65€24k€20k▼
Profit (loss) for the period before taxes9903€42k€100k▲
Income taxes67/77€-21k€30k▲
Profit (loss) for the period9904€63k€69k▲
Profit (loss) for the period to be appropriated9905€63k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€95k▲
Profit (loss) brought forward from the previous period14P€2k€25k▲
Transfer to equity691/2€40k€50k▲
To other reserves6921€40k€50k▲
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €60k
Net result €60k after 2 loss-making years.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-133k ▼601%
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2001
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.
Hoefijzerlaan 98000 BruggeGround area
346 m²
Building footprint
424 m²
Volume, LiDAR
3,487 m³
Parcel 31804D1240/00P000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MARABOE
since 20012.095.327.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D1240/00P000 | Flanders | 346 m² | 1 · 424 m² | 13.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.095.327.385
Similar companies · same sector, comparable size
Vresse Hotelexploitation
BE 0811.196.449
Herentals · Eq €448k
2driveU
BE 0865.954.731
Oudenburg · Eq €449k
De Keyser Hotel
BE 0414.614.919
Antwerpen · Eq €445k
JOVANY
BE 0479.912.448
Gent · Eq €443k
BH Holding
BE 0563.740.343
Brussel · Eq €442k
Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,084 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2001
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
55102
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.