MARAN

Active

Public limited companyfounded 2004active for 21 yearsNijverheidslaan 45-47, 8560 Wevelgem, BelgiumKBO/BCE: BE 0870.635.178

Summary

MARAN has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.6m and a net result of €213,623. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 65% of 145 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

MARANActiveChecked score 94/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203

1 site

Size

≈ €630,000turnover 2026, estimated

Equity: €2.6m
Profit: €213,623

Turnover estimated from the gross margin

Financial health

94 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Parent: PLAM · 100%

2026 accounts 40 days early8 deeds in the Belgian Official Gazette

Why 94raises riskLiquidity: current ratio 0.90, cash €285,256, halvedlowers riskSize: total assets €4.5mFigures for financial year 2026 (filed 21-09-2026)Founded in 2004Show the evidence

Checked score

Score 2026

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 53% of its sector peers (NACE 68, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Strong

Solvency 83-17

equity 58.3% of total assets

Liquidity 46-23

short-term debt 28.3% · cash 6.3%

Profitability 75+1

return on assets 4.7%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,987 companies, NACE 68, small)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026highest value

Credit of up to €240,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.9, compared with 3.87 in 2025, below 1; short-term debt: 28.3% and cash: 6.3% of total assets), and 41.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 74% on solvency, 44% on liquidity, 83% on profitability and 11% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €4.5m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 0.90, cash €285,256, halved

NBB · annual accounts

Figures for financial year 2026 (filed 21-09-2026)

NBB · annual accounts

Founded in 2004

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

40 days early

2025

120 days early

2024

31 days early

2023

22 days early

2022

3 days early

2021

166 days early

2020

117 days 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 71 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

29-10-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-09-2026 Annual accounts filedfinancial year 2026 · full…
03-07-2025 Annual accounts filedfinancial year 2025 · abbreviated…
31-03-2025 Highest result from 2019 to 2026net €214,250 ▲112%

Key points

Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2026: €213,623 8 years View
Positive: Among the best 20% on net resultsector median €18,919 · 144 companies €213,623 View
Controlled by PLAM 100% View
Caution: Equity fell in 2026from €4.1m to €2.6m ▼ 35.8% View

By topic

Financials

Financial year: 2026
Total assets: €4.5m
Profit: €213,623
Solvency: 58.3%

Total assets▼ 13.4%

Net result

20192026

Go to Financials

Board & ownership

Parent: PLAM · 100%

Go to Board & ownership

Timeline

Events: 25
Since: 2007
Next accounts: by 31-10-2027

30-09-2024Annual accounts filed
31-03-2024Weakest financial year
09-10-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Renting and operating of own or leased non-residential…NACE 68203
Founded: 17-12-2004
Year ends: 31-03
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MARAN

What is the company number of MARAN?: 0870.635.178. In Belgium the VAT number is the company number with BE in front: BE 0870.635.178.
Where is MARAN based?: The registered office is at Nijverheidslaan 45-47, 8560 Wevelgem.Company details
What does MARAN do?: According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of MARAN?: Public limited company (NV).
When was MARAN founded?: On 17-12-2004.
Is MARAN still active?: Yes, MARAN is an active enterprise in the KBO register.
What is the turnover of MARAN?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MARAN profitable?: In financial year 2026, MARAN made a profit of €213,623.
Where can I find the annual accounts of MARAN?: MARAN filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of MARAN due?: By 31-10-2027, for financial year 2027.Timeline