MARALEX
ActiveSummary
MARALEX has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,372 and a net result of -€5,673. Equity is shrinking by ~5.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 7 accounts on average 35 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 (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,507 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,864 | €10,413 | €9,983 | €10,001 | €9,795 | ▼ 2.1% |
| Other operating charges640/8 | €1,526 | €1,555 | €1,708 | €1,765 | €1,820 | ▲ 3.1% |
| Gross operating margin9900 | €6,138 | €5,956 | €3,317 | €4,557 | €6,346 | ▲ 39.3% |
| Operating profit (loss)9901 | -€7,253 | -€6,012 | -€8,374 | -€7,209 | -€5,269 | ▲ 26.9% |
| Financial charges65/66B | €1,543 | €1,836 | €2,136 | €1,541 | €1,844 | ▲ 19.7% |
| Recurring financial charges65 | €1,543 | €1,836 | €2,136 | €1,541 | €1,844 | ▲ 19.7% |
| Profit (loss) for the period before taxes9903 | -€8,795 | -€7,848 | -€10,510 | -€8,750 | -€7,113 | ▲ 18.7% |
| Transfer from deferred taxes780 | €1,440 | €1,440 | €1,440 | €1,440 | €1,440 | = |
| Profit (loss) for the period9904 | -€7,355 | -€6,408 | -€9,070 | -€7,310 | -€5,673 | ▲ 22.4% |
| Transfer from tax-exempt reserves789 | €2,797 | €2,797 | €2,797 | €2,797 | €2,797 | = |
| Profit (loss) for the period to be appropriated9905 | -€4,559 | -€3,611 | -€6,273 | -€4,513 | -€2,877 | ▲ 36.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223,523 | €214,289 | €202,248 | €194,723 | €556,958 | ▲ 186% |
| Fixed assets21/28 | €218,301 | €207,889 | €197,905 | €188,924 | €180,002 | ▼ 4.7% |
| Tangible fixed assets22/27 | €218,301 | €207,889 | €197,905 | €188,924 | €180,002 | ▼ 4.7% |
| Land and buildings22 | €216,128 | €206,726 | €197,324 | €187,922 | €178,520 | ▼ 5.0% |
| Plant, machinery and equipment23 | €1,744 | €1,162 | €581 | €0 | €820 | - |
| Furniture and vehicles24 | €429 | €0 | €0 | €1,002 | €662 | ▼ 33.9% |
| Current assets29/58 | €5,221 | €6,400 | €4,343 | €5,799 | €376,956 | ▲ 6,400% |
| Amounts receivable within one year40/41 | - | - | - | - | €307,960 | - |
| Trade receivables40 | - | - | - | - | €307,960 | - |
| Cash at bank and in hand54/58 | €5,221 | €6,400 | €4,343 | €5,799 | €68,996 | ▲ 1,090% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223,523 | €214,289 | €202,248 | €194,723 | €556,958 | ▲ 186% |
| Equity10/15 | €135,833 | €129,425 | €120,355 | €113,045 | €107,372 | ▼ 5.0% |
| Contributions10/11 | €126,426 | €126,426 | €126,426 | €126,426 | €126,426 | = |
| Capital10 | €126,426 | €0 | €126,426 | €126,426 | €126,426 | = |
| Issued capital100 | €126,426 | €0 | €126,426 | €126,426 | €126,426 | = |
| Outside capital11 | - | €126,426 | €0 | - | - | - |
| Other1109/19 | - | €126,426 | €0 | - | - | - |
| Reserves13 | €47,624 | €44,827 | €42,030 | €39,234 | €36,437 | ▼ 7.1% |
| Tax-exempt reserves132 | €47,624 | €44,827 | €42,030 | €39,234 | €36,437 | ▼ 7.1% |
| Profit (loss) carried forward14 | -€38,217 | -€41,828 | -€48,101 | -€52,614 | -€55,491 | ▼ 5.5% |
| Provisions and deferred taxes16 | €24,522 | €23,082 | €21,642 | €20,202 | €18,762 | ▼ 7.1% |
| Deferred taxes168 | €24,522 | €23,082 | €21,642 | €20,202 | €18,762 | ▼ 7.1% |
| Amounts payable17/49 | €63,167 | €61,781 | €60,251 | €61,476 | €430,823 | ▲ 601% |
| Amounts payable within one year42/48 | €62,182 | €61,781 | €60,251 | €61,476 | €430,823 | ▲ 601% |
| Financial debts43 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Other loans439 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Trade debts44 | - | €348 | €0 | €66 | €0 | ▼ 100% |
| Suppliers440/4 | - | €348 | €0 | €66 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €450 | €540 | €0 | €450 | €540 | ▲ 20.0% |
| Taxes450/3 | €450 | €540 | €0 | €450 | €540 | ▲ 20.0% |
| Other amounts payable47/48 | €1,732 | €894 | €251 | €960 | €370,283 | ▲ 38,470% |
| Accrued charges and deferred income492/3 | €985 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,355 | -€6,408 | -€9,070 | -€7,310 | -€5,673 | ▲ 22.4% |
| + Depreciation and write-downs630 | €11,864 | €10,413 | €9,983 | €10,001 | €9,795 | ▼ 2.1% |
| Operating cash flow (approximation) | €4,509 | €4,005 | €913 | €2,691 | €4,122 | ▲ 53.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,020 | -€873 | ▲ 14.4% |
| Change in cash | - | €1,179 | -€2,057 | €1,456 | €63,197 | ▲ 4,240% |
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
About the unread acts
We know of 6 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. |
|---|---|---|---|---|
| 21004A0339/00B000 | Brussels | 157 m² | 1 · 116 m² | 21.4 m · 6 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 29 September 2026 · Peppol Directory
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