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MARAKIND

Active
Public limited companyfounded 197056 yrs activeHolstraat 85, 8790 Waregem, BelgiumKBO/BCE: BE 0407.022.589
Summary

MARAKIND has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €822,564 and a net result of -€4,342. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 37% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability19▼-62
Solvency63▲+1
Growth38=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 12.39 against 14.38 in 2024; short-term debt: 0.1% and cash: 1.4% of total assets), but 62.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 56 years 0 60 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
37.5%
Return on assets
-0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 d early
2024
59 d early
2023
75 d early
2022
75 d early
2021
73 d early
2020
80 d early
2019
74 d early
← 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 70 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MARAKIND was incorporated on 16 March 1970.1 Revenue fell from EUR 123,324 in 2019 to EUR 58,786 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2025, abbreviated schema

Turnover
€58,786▼ 63.4%
2023 · €160,604
EBIT margin
63.2%▲ 61.1pp
2023 · 2.1%
Net result
-€4,342
2024 · €36,211
Working capital
€31,449▼ 49.1%
2024 · €61,831
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€150,824▲ 46.1%€180,172▲ 19.5%€160,604▼ 10.9%€58,786▼ 63.4%
Operating result-€14,046▲ 83.4%€6,760€3,389▼ 49.9%€37,157▲ 997%-€4,079
Net result-€16,180below the sector's middle half▲ 81.0%€4,338within the sector's middle half€1,527below the sector's middle half▼ 64.8%€36,211within the sector's middle half▲ 2,272%-€4,342below the sector's middle half
EBIT margin-9.3%▲ 72.6pp3.8%▲ 13.1pp2.1%▼ 1.6pp63.2%▲ 61.1pp
Equity€784,830within the sector's middle half▼ 2.0%€789,168within the sector's middle half▲ 0.6%€790,694within the sector's middle half▲ 0.2%€826,906within the sector's middle half▲ 4.6%€822,564within the sector's middle half▼ 0.5%
Total assets€2.5mwithin the sector's middle half▼ 4.3%€2.3mwithin the sector's middle half▼ 5.1%€2.3mwithin the sector's middle half▼ 4.0%€2.2mwithin the sector's middle half▼ 1.2%€2.2mwithin the sector's middle half▼ 1.5%
Debt€1.7m▼ 5.4%€1.6m▼ 7.7%€1.5m▼ 6.1%€1.4m▼ 4.3%€1.4m▼ 2.1%
Working capital€98,523▼ 4.1%€71,192▼ 27.7%€48,979▼ 31.2%€61,831▲ 26.2%€31,449▼ 49.1%
Solvency31.7%within the sector's middle half▲ 0.8pp33.6%within the sector's middle half▲ 1.9pp35.1%within the sector's middle half▲ 1.5pp37.1%within the sector's middle half▲ 2.1pp37.5%within the sector's middle half▲ 0.4pp
Staff (FTE)0within the sector's middle half
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: -€14,046-€14,046Net result 2021: -€16,180-€16,180Operating result 2022: €6,760€6,760Net result 2022: €4,338€4,338Operating result 2023: €3,389€3,389Net result 2023: €1,527€1,527Operating result 2024: €37,157€37,157Net result 2024: €36,211€36,211Operating result 2025: -€4,079-€4,079Net result 2025: -€4,342-€4,34220212022202320242025-€20,000€0€20,000€40,000Operating result 2023: €3,389€3,390Net result 2023: €1,527€1,530Operating result 2024: €37,157€37,200Net result 2024: €36,211€36,200Operating result 2025: -€4,079-€4,080Net result 2025: -€4,342-€4,340202320242025
The operating result turns negative in 2025: a loss of €4,079 after €37,157 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets €2.2m =
Current assets €34,209 ▼ 48.5%
Equity and liabilities €2.2m
Equity €822,564 ▼ 0.5%
Debt €1.4m ▼ 2.1%
Debt's share of the balance-sheet total falls from 62.9% to 62.5%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€3,119▼
2024 · €38,797
Cash flow
-€3,382▼
2024 · €37,851
Current ratio
12.39▼
2024 · 14.38
Debt to equity
1.67▼
2024 · 1.69
ROE
-0.5%▼
2024 · 4.4%
ROA
-0.2%▼
2024 · 1.6%
Interest coverage
-11.84▼
2024 · 106.50
Debt ≤ 1 year
€2,760▼
2024 · €4,622
Debt > 1 year
€1.4m▼
2024 · €1.4m
Income taxes
€0▼
2024 · €582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 8,616 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€2.2m▼
Fixed assets21/28€2.2m€2.2m=
Tangible fixed assets22/27€2.2m€2.2m=
Land and buildings22€1.4m€1.4m=
Plant, machinery and equipment23€1,446€487▼
Other tangible fixed assets26€778,147€778,147=
Current assets29/58€66,452€34,209▼
Amounts receivable within one year40/41€30,938€3,824▼
Trade receivables40€30,921€3,206▼
Other amounts receivable41€17€617▲
Cash at bank and in hand54/58€35,514€30,385▼
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.2m▼
Equity10/15€826,906€822,564▼
Contributions10/11€800,009€800,009=
Capital10€800,000€800,000=
Issued capital100€800,000€800,000=
Outside capital11€9€9=
Share premium1100/10€9€9=
Reserves13€26,896€26,896=
Non-distributable reserves130/1€26,896€26,896=
Legal reserve130€26,896€26,896=
Profit (loss) carried forward14--€4,342
Amounts payable17/49€1.4m€1.4m▼
Amounts payable after more than one year17€1.4m€1.4m▼
Other amounts payable178/9€1.4m€1.4m▼
Amounts payable within one year42/48€4,622€2,760▼
Trade debts44€2,586€2,576▼
Suppliers440/4€2,586€2,576▼
Taxes, remuneration and social security45€2,036€184▼
Taxes450/3€2,036€184▼
Income statement Code20242025
Turnover70€58,786-
Goods, raw materials, services and sundry goods60/61€40,239-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,640€960▼
Other operating charges640/8€6,476€6,589▲
Gross operating margin9900€45,273€3,470▼
Operating profit (loss)9901€37,157-€4,079▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€364€264▼
Recurring financial charges65€364€264▼
Profit (loss) for the period before taxes9903€36,793-€4,342▼
Income taxes67/77€582€0▼
Profit (loss) for the period9904€36,211-€4,342▼
Profit (loss) for the period to be appropriated9905€36,211-€4,342▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,598-€4,342▼
Profit (loss) brought forward from the previous period14P-€25,614€0▲
Transfer to equity691/2€10,598€0▼
To the legal reserve6920€10,598€0▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€150,824€180,172€160,604€58,786--
Goods, raw materials, services and sundry goods60/61€108,672€91,472€82,527€40,239--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117,106€105,585€103,012€1,640€960▼ 41.5%
Other operating charges640/8€10,549€7,758€8,537€6,476€6,589▲ 1.8%
Gross operating margin9900€113,609€120,103€114,938€45,273€3,470▼ 92.3%
Operating profit (loss)9901-€14,046€6,760€3,389€37,157-€4,079▼ 111%
Financial income75/76B€291--€0€1▲ 200%
Recurring financial income75€291--€0€1▲ 200%
Financial charges65/66B€822€930€695€364€264▼ 27.7%
Recurring financial charges65€822€930€695€364€264▼ 27.7%
Profit (loss) for the period before taxes9903-€14,576€5,830€2,693€36,793-€4,342▼ 112%
Income taxes67/77€1,604€1,492€1,166€582€0▼ 100%
Profit (loss) for the period9904-€16,180€4,338€1,527€36,211-€4,342▼ 112%
Profit (loss) for the period to be appropriated9905-€16,180€4,338€1,527€36,211-€4,342▼ 112%
Line20212022202320242025Change
Assets
Total assets20/58€2.5m€2.3m€2.3m€2.2m€2.2m▼ 1.5%
Fixed assets21/28€2.4m€2.3m€2.2m€2.2m€2.2m=
Tangible fixed assets22/27€2.4m€2.3m€2.2m€2.2m€2.2m=
Land and buildings22€1.5m€1.4m€1.4m€1.4m€1.4m=
Plant, machinery and equipment23€1,994€2,407€3,086€1,446€487▼ 66.3%
Other tangible fixed assets26€906,233€841,287€778,147€778,147€778,147=
Current assets29/58€107,295€84,181€91,727€66,452€34,209▼ 48.5%
Amounts receivable within one year40/41€25,855€22,599€26,464€30,938€3,824▼ 87.6%
Trade receivables40€25,855€22,503€26,464€30,921€3,206▼ 89.6%
Other amounts receivable41-€96-€17€617▲ 3,456%
Cash at bank and in hand54/58€81,440€61,582€65,264€35,514€30,385▼ 14.4%
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.3m€2.3m€2.2m€2.2m▼ 1.5%
Equity10/15€784,830€789,168€790,694€826,906€822,564▼ 0.5%
Contributions10/11€800,009€800,009€800,009€800,009€800,009=
Capital10€800,000€800,000€800,000€800,000€800,000=
Issued capital100€800,000€800,000€800,000€800,000€800,000=
Outside capital11€9€9€9€9€9=
Share premium1100/10€9€9€9€9€9=
Reserves13€16,299€16,299€16,299€26,896€26,896=
Non-distributable reserves130/1€16,299€16,299€16,299€26,896€26,896=
Legal reserve130€16,299€16,299€16,299€26,896€26,896=
Profit (loss) carried forward14-€31,478-€27,140-€25,614--€4,342-
Amounts payable17/49€1.7m€1.6m€1.5m€1.4m€1.4m▼ 2.1%
Amounts payable after more than one year17€1.7m€1.5m€1.4m€1.4m€1.4m▼ 1.9%
Other amounts payable178/9€1.7m€1.5m€1.4m€1.4m€1.4m▼ 1.9%
Amounts payable within one year42/48€8,772€12,988€42,748€4,622€2,760▼ 40.3%
Trade debts44€2,594€4,446€39,431€2,586€2,576▼ 0.4%
Suppliers440/4€2,594€4,446€39,431€2,586€2,576▼ 0.4%
Taxes, remuneration and social security45€6,178€8,543€3,316€2,036€184▼ 91.0%
Taxes450/3€6,178€8,543€3,316€2,036€184▼ 91.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€16,180€4,338€1,527€36,211-€4,342▼ 112%
+ Depreciation and write-downs630€117,106€105,585€103,012€1,640€960▼ 41.5%
Operating cash flow (approximation)€100,926€109,922€104,539€37,851-€3,382▼ 109%
Investment in fixed assets (approximation)--€2,253-€1,752€0€0-
Change in cash--€19,858€3,682-€29,750-€5,128▲ 82.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €36,211 ▲2,272%
Operating result €37,157, net result €36,211, both a record.
31-12
Financial Liquidity times 7current ratio 14.38
Current ratio from 2.15 to 14.38; short-term debt falls from €42,748 to €4,622.
17-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-05
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €4,338
Net result €4,338 after 4 loss-making years.
19-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Weakest financial yearnet -€85,211
Net result drops to -€85,211, the lowest in the series; recovery starts the following year.
18-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Liquidity triplescurrent ratio 12.24
Current ratio from 4.75 to 12.24; short-term debt falls from €14,497 to €6,644.
Show earlier events
15-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Waregem · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
3,272 m²
Building footprint
28 m²
Volume, LiDAR
769 m³
Parcel 34452B0427/00A007, Flanders · tallest building 28.6 m, ±9 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
Holstraat 85, 8790 Waregem
Insurance, reinsurance and pension funding, except compulsory social security
since 19932.004.593.090
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0427/00A007 Flanders 3,272 m² 1 · 28 m² 28.6 m · 9 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.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. SUFIKUPAR 81.67%
  2. MARAKIND

Highest known parent: SUFIKUPAR. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2023 list no holdings, and no other source names one.

According to the 2023 annual accounts of MARAKIND and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 29,956 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded16-03-1970
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0407022589
Also 9925:BE0407022589
Registered 20-11-2020

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.