MARACANA
ActiveSummary
MARACANA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-109k) and a net result of €-371k. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability15▲+1
Solvency24▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.64 against 0.9 in 2024; short-term debt: 44.2% and cash: 0.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 68
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-4.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-109k
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 29-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d early
2023
34 d late
2022
3 d early
2021
33 d early
2020
19 d early
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€-109k
2024 · €262k
2018: €510k
2019: €651k
2020: €669k
2021: €647k
2022: €609k
2023: €641k
2024: €262k
2018 → 2025
Total assets
€9.03M▲ 22.5%
2024 · €7.37M
2018: €4.22M
2019: €4.02M
2020: €3.81M
2021: €3.55M
2022: €4.00M
2023: €7.09M
2024: €7.37M
2018 → 2025
Net result
€-371k▲ 2.0%
2024 · €-379k
2018: €7k
2019: €142k
2020: €17k
2021: €-22k
2022: €-38k
2023: €32k
2024: €-379k
2018 → 2025
Working capital
€2.55M
2024 · €-530k
2018: €1.50M
2019: €1.43M
2020: €1.24M
2021: €564k
2022: €468k
2023: €53k
2024: €-530k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€647k-€609k▼ 5.8%€641k▲ 5.2%€262k▼ 59.1%€-109k
Operating result€-7k-€-15k▼ 117%€187k€-141k€-160k▼ 13.5%
Net result€-22k-€-38k▼ 72.2%€32k€-379k€-371k▲ 2.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €160k in 2025 against €141k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.03M
Fixed assets
€2.49M ▼ 6.6%
Current assets
€6.54M ▲ 39.0%
Key figures and ratios
EBITDA
€47k▼
2024 · €67k
Cash flow
€-164k▲
2024 · €-171k
Solvency
-1.2%▼
2024 · 3.6%
Current ratio
1.64▲
2024 · 0.90
Quick ratio
0.67▲
2024 · 0.16
Debt to equity
-84.06▼
2024 · 27.09
ROA
-4.1%▲
2024 · -5.1%
Interest coverage
0.14▼
2024 · 0.25
Debt
€9.14M▲
2024 · €7.11M
Debt ≤ 1 year
€3.99M▼
2024 · €5.23M
Debt > 1 year
€5.12M▲
2024 · €1.86M
Staff costs
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.37M€9.03M▲
Fixed assets21/28€2.67M€2.49M▼
Tangible fixed assets22/27€2.67M€2.49M▼
Land and buildings22€1.85M€1.74M▼
Plant, machinery and equipment23€3k€886▼
Furniture and vehicles24€818k€751k▼
Financial fixed assets28€109€109=
Current assets29/58€4.70M€6.54M▲
Amounts receivable after more than one year29€550k€550k=
Trade receivables290€550k€550k=
Stocks and contracts in progress3€3.86M€3.86M▲
Stocks30/36€3.86M€3.86M▲
Amounts receivable within one year40/41€241k€2.08M▲
Trade receivables40€18k€18k▼
Other amounts receivable41€222k€2.07M▲
Cash at bank and in hand54/58€35k€24k▼
Deferred charges and accrued income490/1€15k€16k▲
Equity and liabilities
Total equity and liabilities10/49€7.37M€9.03M▲
Equity10/15€262k€-109k▼
Contributions10/11€925k€925k=
Capital10€925k€925k=
Issued capital100€925k€925k=
Reserves13€43k€43k=
Non-distributable reserves130/1€43k€43k=
Legal reserve130€43k€43k=
Profit (loss) carried forward14€-705k€-1.08M▼
Amounts payable17/49€7.11M€9.14M▲
Amounts payable after more than one year17€1.86M€5.12M▲
Financial debts170/4€1.86M€5.12M▲
Amounts payable within one year42/48€5.23M€3.99M▼
Current portion of amounts payable after more than one year42€240k€240k=
Financial debts43€2.60M€3.10M▲
Credit institutions430/8€2.60M€3.10M▲
Trade debts44€29k€7k▼
Suppliers440/4€29k€7k▼
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€2.36M€633k▼
Accrued charges and deferred income492/3€18k€27k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€208k€207k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€11k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€85k€67k▼
Operating profit (loss)9901€-141k€-160k▼
Financial income75/76B€29k€114k▲
Recurring financial income75€29k€114k▲
Financial charges65/66B€267k€325k▲
Recurring financial charges65€267k€325k▲
Profit (loss) for the period before taxes9903€-379k€-371k▲
Profit (loss) for the period9904€-379k€-371k▲
Profit (loss) for the period to be appropriated9905€-379k€-371k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-705k€-1.08M▼
Profit (loss) brought forward from the previous period14P€-326k€-705k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-379k ▼1289%
Net result drops to €-379k, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Highest result since 2018net €142k ▲2051%
Net result €142k, the highest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Martens-Latem · 1 establishment unit since 1990
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.
Nelemeersstraat 659830 Sint-Martens-LatemGround area
5,249 m²
Building footprint
480 m²
Volume, LiDAR
3,542 m³
Parcel 44064A0191/00P000, Flanders · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARACANA
since 19902.049.888.429
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0191/00P000 | Flanders | 5,249 m² | 1 · 480 m² | 13.9 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.
Similar companies · same sector, comparable size
ANTOINE IMMOBILIER
BE 0459.580.159
Durbuy · Eq €262,105
VERLAT IMMOBILIEN
BE 0460.897.577
Schilde · Eq €262,914
INVEST - SERV - IMMO
BE 0443.249.715
Sint-Lambrechts-Woluwe · Eq €263,224
IDEMO
BE 0423.331.457
Ukkel · Eq €261,487
PRIMO VERZEKERINGEN
BE 0444.285.536
Nijlen · Eq €261,423
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,046 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-07-1990
Fiscal year end30-12
Activities, NACEBEL 2025
68310Real estate agency activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.