MARAL
ActiveSummary
MARAL has been active since 1991 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €138,408 and a net result of -€919. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 1.4% (low).
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Signals
This company filed its last 7 accounts on average 389 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 12,321 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €198 | €2,429 | €1,264 | €436 | €49 | ▼ 88.8% |
| Gross operating margin9900 | €234 | €3,028 | €2,760 | -€1,404 | -€635 | ▲ 54.8% |
| Operating profit (loss)9901 | €35 | €599 | €1,496 | -€1,840 | -€684 | ▲ 62.8% |
| Financial income75/76B | - | €2,515 | €162 | €3,591 | €715 | ▼ 80.1% |
| Recurring financial income75 | - | €2,515 | €162 | €3,591 | €715 | ▼ 80.1% |
| Financial charges65/66B | €730 | €748 | €793 | €644 | €668 | ▲ 3.7% |
| Recurring financial charges65 | €730 | €748 | €610 | €644 | €668 | ▲ 3.7% |
| Non-recurring financial charges66B | - | - | €183 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€695 | €2,366 | €865 | €1,107 | -€637 | ▼ 158% |
| Income taxes67/77 | - | - | €82 | €186 | €282 | ▲ 51.6% |
| Profit (loss) for the period9904 | -€695 | €2,366 | €784 | €921 | -€919 | ▼ 200% |
| Profit (loss) for the period to be appropriated9905 | -€695 | €2,366 | €784 | €921 | -€919 | ▼ 200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,625 | €146,492 | €140,273 | €140,063 | €140,824 | ▲ 0.5% |
| Current assets29/58 | €143,625 | €146,492 | €140,273 | €140,063 | €140,824 | ▲ 0.5% |
| Amounts receivable within one year40/41 | €21,622 | €45,489 | €43,118 | €54,912 | €75,678 | ▲ 37.8% |
| Trade receivables40 | €6,628 | €6,628 | - | - | - | - |
| Other amounts receivable41 | €14,993 | €38,861 | €43,118 | €54,912 | €75,678 | ▲ 37.8% |
| Current investments50/53 | €122,003 | €101,003 | €97,155 | €85,111 | €65,146 | ▼ 23.5% |
| Cash at bank and in hand54/58 | - | - | - | €40 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,625 | €146,492 | €140,273 | €140,063 | €140,824 | ▲ 0.5% |
| Equity10/15 | €135,256 | €137,622 | €138,406 | €139,327 | €138,408 | ▼ 0.7% |
| Contributions10/11 | €225,583 | €225,583 | €225,583 | €225,583 | €225,583 | = |
| Capital10 | €225,583 | €225,583 | €225,583 | €225,583 | €225,583 | = |
| Issued capital100 | €225,583 | €225,583 | €225,583 | €225,583 | €225,583 | = |
| Reserves13 | €23,000 | €23,000 | €23,000 | €23,000 | €23,000 | = |
| Non-distributable reserves130/1 | €23,000 | €23,000 | €23,000 | €23,000 | €23,000 | = |
| Legal reserve130 | €23,000 | €23,000 | €23,000 | €23,000 | €23,000 | = |
| Profit (loss) carried forward14 | -€113,327 | -€110,961 | -€110,177 | -€109,256 | -€110,175 | ▼ 0.8% |
| Amounts payable17/49 | €8,369 | €8,870 | €1,867 | €736 | €2,417 | ▲ 228% |
| Amounts payable within one year42/48 | €8,369 | €8,870 | €1,867 | €736 | €2,417 | ▲ 228% |
| Current portion of amounts payable after more than one year42 | €632 | €1,270 | €1,867 | €736 | - | - |
| Financial debts43 | - | - | - | - | €2,417 | - |
| Credit institutions430/8 | - | - | - | - | €2,417 | - |
| Trade debts44 | €137 | €7,600 | - | - | - | - |
| Suppliers440/4 | €137 | - | - | - | - | - |
| Bills of exchange payable441 | - | €7,600 | - | - | - | - |
| Advances received on contracts in progress46 | €7,600 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€695 | €2,366 | €784 | €921 | -€919 | ▼ 200% |
| Operating cash flow (approximation) | -€695 | €2,366 | €784 | €921 | -€919 | ▼ 200% |
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
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About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0004/00P000 ProtectedSite or landscapeWolvendaelpark |
Brussels | 2.1 ha | 1 · 1,066 m² | 24.6 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.