MARAN GROUP
ActiveSummary
MARAN GROUP has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€46,981) and a net result of -€42,610. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-69
Solvency16▼-8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 29.99 against 0.17 in 2024; short-term debt: 0.7% and cash: 1.3% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 dateAge against the risk zone
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
-9%
Return on assets
-8.2%
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 -€46,981
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
7 d late
2023
23 d early
2022
3 d early
2021
52 d early
2020
39 d early
2019
10 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 17 days before the deadline; the sector median for financial year 2024 is 7 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€46,981▼ 975%
2024 · -€4,371
Total assets
€520,032▲ 16.5%
2024 · €446,521
Net result
-€42,610
2024 · €31,915
Working capital
€102,755
2024 · -€331,608
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Operating result-€4,689▲ 63.0%€1,889-€33,117€35,662-€39,673
Net result-€9,396below the sector's middle half▲ 44.0%-€3,041within the sector's middle half▲ 67.6%-€42,210below the sector's middle half▼ 1,288%€31,915above the sector's middle half-€42,610below the sector's middle half
Equity€8,965below the sector's middle half▼ 51.2%€5,925below the sector's middle half▼ 33.9%-€36,286below the sector's middle half-€4,371below the sector's middle half▲ 88.0%-€46,981below the sector's middle half▼ 975%
Total assets€264,214within the sector's middle half▼ 1.4%€468,410within the sector's middle half▲ 77.3%€419,254within the sector's middle half▼ 10.5%€446,521within the sector's middle half▲ 6.5%€520,032within the sector's middle half▲ 16.5%
Debt€255,248▲ 2.3%€462,486▲ 81.2%€455,539▼ 1.5%€450,892▼ 1.0%€567,013▲ 25.8%
Working capital-€2,415within the sector's middle half▲ 94.3%-€65,542within the sector's middle half▼ 2,614%-€343,784below the sector's middle half▼ 425%-€331,608below the sector's middle half▲ 3.5%€102,755within the sector's middle half
Solvency3.4%below the sector's middle half▼ 3.5pp1.3%below the sector's middle half▼ 2.1pp-8.7%below the sector's middle half▼ 9.9pp-1.0%below the sector's middle half▲ 7.7pp-9.0%below the sector's middle half▼ 8.1pp
Current ratio0.98within the sector's middle half▲ 0.500.57within the sector's middle half▼ 0.410.08below the sector's middle half▼ 0.490.17below the sector's middle half▲ 0.0929.99above the sector's middle half▲ 29.83
Return on assets (ROA)-3.6%below the sector's middle half▲ 2.7pp-0.6%within the sector's middle half▲ 2.9pp-10.1%below the sector's middle half▼ 9.4pp7.1%within the sector's middle half▲ 17.2pp-8.2%below the sector's middle half▼ 15.3pp
Staff (FTE)1▲ 100%1=1=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39,673 after €35,662 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520,032
Fixed assets
€413,733 ▲ 8.7%
Current assets
€106,299 ▲ 61.3%
Key figures and ratios
EBITDA
-€6,047▼
2024 · €64,704
Cash flow
-€8,984▼
2024 · €60,957
Debt to equity
-12.07
Interest coverage
-1.79▼
2024 · 17.44
Debt ≤ 1 year
€3,544▼
2024 · €397,516
Debt > 1 year
€563,469▲
2024 · €53,376
Income taxes
€184▼
2024 · €262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.6%
went bankrupt
3.8%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 1,242 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36,766 | €51,098 | €827 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,798 | €2,106 | €24,901 | €29,042 | €33,626 | ▲ 15.8% |
| Other operating charges640/8 | €2,152 | €1,257 | €2,797 | €3,550 | €2,079 | ▼ 41.4% |
| Gross operating margin9900 | €52,026 | €56,350 | -€4,592 | €68,254 | -€3,968 | ▼ 106% |
| Operating profit (loss)9901 | -€4,689 | €1,889 | -€33,117 | €35,662 | -€39,673 | ▼ 211% |
| Financial income75/76B | €0 | - | €194 | €224 | €632 | ▲ 182% |
| Recurring financial income75 | €0 | - | €194 | €224 | €632 | ▲ 182% |
| Financial charges65/66B | €4,669 | €4,354 | €4,174 | €3,710 | €3,385 | ▼ 8.8% |
| Recurring financial charges65 | €4,669 | €4,354 | €4,174 | €3,710 | €3,385 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | -€9,358 | -€2,465 | -€37,096 | €32,176 | -€42,426 | ▼ 232% |
| Income taxes67/77 | €38 | €575 | €5,114 | €262 | €184 | ▼ 29.6% |
| Profit (loss) for the period9904 | -€9,396 | -€3,041 | -€42,210 | €31,915 | -€42,610 | ▼ 234% |
| Profit (loss) for the period to be appropriated9905 | -€9,396 | -€3,041 | -€42,210 | €31,915 | -€42,610 | ▼ 234% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €264,214 | €468,410 | €419,254 | €446,521 | €520,032 | ▲ 16.5% |
| Fixed assets21/28 | €150,797 | €382,533 | €389,888 | €380,613 | €413,733 | ▲ 8.7% |
| Tangible fixed assets22/27 | €150,795 | €382,531 | €389,886 | €380,611 | €413,733 | ▲ 8.7% |
| Land and buildings22 | €150,795 | €352,774 | €366,805 | €364,206 | €400,269 | ▲ 9.9% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €0 | €29,757 | €23,081 | €16,405 | €13,464 | ▼ 17.9% |
| Financial fixed assets28 | €2 | €2 | €2 | €2 | €0 | ▼ 100% |
| Current assets29/58 | €113,417 | €85,877 | €29,366 | €65,908 | €106,299 | ▲ 61.3% |
| Amounts receivable within one year40/41 | €10,759 | €20,838 | €12,455 | €56,160 | €98,294 | ▲ 75.0% |
| Trade receivables40 | €4,850 | €2,500 | €2,500 | €72 | €50,734 | ▲ 70,857% |
| Other amounts receivable41 | €5,909 | €18,338 | €9,955 | €56,089 | €47,559 | ▼ 15.2% |
| Cash at bank and in hand54/58 | €102,483 | €63,422 | €15,365 | €7,786 | €6,990 | ▼ 10.2% |
| Deferred charges and accrued income490/1 | €175 | €1,617 | €1,546 | €1,963 | €1,015 | ▼ 48.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €264,214 | €468,410 | €419,254 | €446,521 | €520,032 | ▲ 16.5% |
| Equity10/15 | €8,965 | €5,925 | -€36,286 | -€4,371 | -€46,981 | ▼ 975% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20,610 | €20,610 | €20,610 | €20,610 | €20,610 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €18,750 | €18,750 | €20,610 | €20,610 | €20,610 | = |
| Profit (loss) carried forward14 | -€30,245 | -€33,285 | -€75,496 | -€43,581 | -€86,191 | ▼ 97.8% |
| Amounts payable17/49 | €255,248 | €462,486 | €455,539 | €450,892 | €567,013 | ▲ 25.8% |
| Amounts payable after more than one year17 | €139,417 | €311,066 | €82,389 | €53,376 | €563,469 | ▲ 956% |
| Financial debts170/4 | €139,417 | €311,066 | €82,389 | €53,376 | - | - |
| Other amounts payable178/9 | - | - | - | - | €563,469 | - |
| Amounts payable within one year42/48 | €115,831 | €151,420 | €373,150 | €397,516 | €3,544 | ▼ 99.1% |
| Current portion of amounts payable after more than one year42 | €28,035 | €28,351 | €28,677 | €29,013 | €1,500 | ▼ 94.8% |
| Trade debts44 | €1,712 | €10,891 | €538 | €1,708 | - | - |
| Suppliers440/4 | €1,712 | €10,891 | €538 | €1,708 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8,305 | €1,935 | €1,179 | €4,333 | €2,044 | ▼ 52.8% |
| Taxes450/3 | €887 | - | €1,179 | €1,833 | €2,044 | ▲ 11.5% |
| Remuneration and social security454/9 | €7,417 | €1,935 | - | €2,500 | - | - |
| Other amounts payable47/48 | €77,779 | €110,242 | €342,755 | €362,463 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,396 | -€3,041 | -€42,210 | €31,915 | -€42,610 | ▼ 234% |
| + Depreciation and write-downs630 | €17,798 | €2,106 | €24,901 | €29,042 | €33,626 | ▲ 15.8% |
| Operating cash flow (approximation) | €8,402 | -€935 | -€17,309 | €60,957 | -€8,984 | ▼ 115% |
| Investment in fixed assets (approximation) | - | -€233,842 | -€32,256 | -€19,767 | -€66,746 | ▼ 238% |
| Change in cash | - | -€39,060 | -€48,057 | -€7,579 | -€796 | ▲ 89.5% |
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
26-08
State Gazette act
Resignation: DOMINIQUE ANNET (non-statutory director)Power of attorney3 facts ▸
State Gazette act
Resignation: DOMINIQUE ANNET (non-statutory director)
Power of attorney3 facts ▸
- General meeting, 29-07-2026
- Director resignation, DOMINIQUE ANNET (non-statutory director)
- Power of attorney, SRL FIDUCIAIRE DE L'OURTHE
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€42,610
Net result drops to -€42,610, the lowest in the series.
31-12
Financial
Liquidity times 181current ratio 29.99
Current ratio from 0.17 to 29.99; short-term debt falls from €397,516 to €3,544.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Back to profitnet €31,915
Net result €31,915 after 4 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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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
8 of this company's 9 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, Mons · 1 establishment unit since 1994
Ground area
1,702 m²
Building footprint
186 m²
Volume, LiDAR
808 m³
Parcel 53405C0098/00K000, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Léon Save 27, 7000 Mons
since 19942.066.320.823
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53405C0098/00K000 ProtectedSite or landscape |
Wallonia | 1,702 m² | 1 · 186 m² | 6.3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DOMINIQUE ANNET |
|
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 2,437 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
Founded18-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
73200Market research and public opinion polling
Contact
E-mail
dona@noetique.eu
Phone
0472 22 05 88
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452331982
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.