MARAGA
ActiveSummary
The computed 12-month bankruptcy probability of MARAGA is 2.0% (moderate). The 2025 annual accounts show negative equity (-€56,746) and a net result of -€963. Equity is shrinking by ~17% per year across the filed fiscal years. Its solvency ranks better than 5% of 7081 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11; short-term debt: 885.4% and cash: 14.6% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-785.4%
Return on assets
-13.3%
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 -€56,746
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
2 d early
2023
13 d late
2022
21 d late
2021
30 d late
2020
61 d late
2019
24 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 25 days after the deadline; the sector median for financial year 2024 is 6 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€963▲ 85.7%
2024 · -€6,733
Working capital
-€56,871▼ 1.7%
2024 · -€55,908
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,828-€9,870-€8,005▲ 18.9%-€6,578▲ 17.8%-€759▲ 88.5%
Net result€3,653-€10,034-€8,169▲ 18.6%-€6,733▲ 17.6%-€963▲ 85.7%
Equity-€30,848▲ 10.6%-€40,881▼ 32.5%-€49,050▼ 20.0%-€55,783▼ 13.7%-€56,746▼ 1.7%
Total assets€1,031▼ 89.0%€1,077▲ 4.5%€797▼ 26.0%€1,001▲ 25.7%€7,225▲ 621%
Debt€31,879▼ 27.3%€41,958▲ 31.6%€49,847▲ 18.8%€56,784▲ 13.9%€63,970▲ 12.7%
Working capital-€30,973▲ 21.2%-€41,006▼ 32.4%-€49,175▼ 19.9%-€55,908▼ 13.7%-€56,871▼ 1.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €759 in 2025 against €6,578 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,225
Fixed assets
€125 =
Current assets
€7,100 ▲ 710%
Key figures and ratios
Solvency
-785.4%
Current ratio
0.11
Debt to equity
-1.13
ROA
-13.3%
Debt ≤ 1 year
€63,970▲
2024 · €56,784
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,058 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% | 1.6% |
| 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 74% 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 6,943 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 | €13,788 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €357 | €0 | - | - | - | - |
| Other operating charges640/8 | €448 | €348 | €384 | €387 | €801 | ▲ 107% |
| Gross operating margin9900 | €4,633 | -€9,523 | -€7,621 | -€6,191 | €42 | ▲ 101% |
| Operating profit (loss)9901 | €3,828 | -€9,870 | -€8,005 | -€6,578 | -€759 | ▲ 88.5% |
| Financial income75/76B | - | - | - | - | €30 | - |
| Recurring financial income75 | - | - | - | - | €30 | - |
| Financial charges65/66B | €151 | €163 | €163 | €155 | €234 | ▲ 51.1% |
| Recurring financial charges65 | €151 | €163 | €163 | €155 | €234 | ▲ 51.1% |
| Profit (loss) for the period before taxes9903 | €3,677 | -€10,034 | -€8,169 | -€6,733 | -€963 | ▲ 85.7% |
| Income taxes67/77 | €24 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €3,653 | -€10,034 | -€8,169 | -€6,733 | -€963 | ▲ 85.7% |
| Profit (loss) for the period to be appropriated9905 | €3,653 | -€10,034 | -€8,169 | -€6,733 | -€963 | ▲ 85.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,031 | €1,077 | €797 | €1,001 | €7,225 | ▲ 621% |
| Fixed assets21/28 | €125 | €125 | €125 | €125 | €125 | = |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | €125 | = |
| Current assets29/58 | €906 | €952 | €672 | €876 | €7,100 | ▲ 710% |
| Amounts receivable within one year40/41 | €335 | €260 | €455 | €483 | €6,048 | ▲ 1,152% |
| Trade receivables40 | €0 | - | - | - | €6,048 | - |
| Other amounts receivable41 | €335 | €260 | €455 | €483 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €56 | €179 | €217 | €203 | €1,052 | ▲ 418% |
| Deferred charges and accrued income490/1 | €515 | €513 | €0 | €190 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,031 | €1,077 | €797 | €1,001 | €7,225 | ▲ 621% |
| Equity10/15 | -€30,848 | -€40,881 | -€49,050 | -€55,783 | -€56,746 | ▼ 1.7% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€58,348 | -€68,381 | -€76,550 | -€83,283 | -€84,246 | ▼ 1.2% |
| Amounts payable17/49 | €31,879 | €41,958 | €49,847 | €56,784 | €63,970 | ▲ 12.7% |
| Amounts payable within one year42/48 | €31,879 | €41,958 | €49,847 | €56,784 | €63,970 | ▲ 12.7% |
| Trade debts44 | €270 | €648 | €14 | €960 | €5,738 | ▲ 498% |
| Suppliers440/4 | €270 | €648 | €14 | €960 | €5,738 | ▲ 498% |
| Taxes, remuneration and social security45 | €128 | €0 | - | €1 | €2,034 | ▲ 156,340% |
| Taxes450/3 | €128 | €0 | - | €1 | €2,034 | ▲ 156,340% |
| Other amounts payable47/48 | €31,480 | €41,310 | €49,833 | €55,823 | €56,199 | ▲ 0.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,653 | -€10,034 | -€8,169 | -€6,733 | -€963 | ▲ 85.7% |
| + Depreciation and write-downs630 | €357 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €4,011 | -€10,034 | -€8,169 | -€6,733 | -€963 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €123 | €38 | -€14 | €849 | ▲ 6,078% |
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
15-09
State Gazette act
Resignation: Eleonore Raillard (director)2 facts ▸
State Gazette act
Resignation: Eleonore Raillard (director)
2 facts ▸
- General meeting, 31-08-2026
- Director resignation, Eleonore Raillard (director)
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €3,653
Net result €3,653 after 3 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2015
Ground area
1,371 m²
Building footprint
154 m²
Volume, LiDAR
1,040 m³
Parcel 21614H0056/02Z074, Brussels · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Food & Whispers SPRL
since 20152.243.777.373
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02Z074 | Brussels | 1,370 m² | 1 · 154 m² | 11.2 m · 2 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Eleonore Raillard |
|
Similar companies · same sector, comparable size
B'Belch
BE 0768.508.927
Boussu · Eq €1,260
Ovide Belgium BV
BE 0778.999.971
Antwerpen · Eq €1,244
TARASANA
BE 0675.748.322
Durbuy · Eq €1,271
Edge Communication
BE 0795.788.988
Evere · Eq €1,235
ECLAIRCYR
BE 0735.665.420
Liège · Eq €1,234
Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 977 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
Founded24-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0632721694
Also
9925:BE0632721694
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.