MARANN
ActiveSummary
MARANN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128k and a net result of €9k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-16
Solvency92▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 5.52 in 2024; short-term debt: 33% and cash: 31.6% of total assets), and 33% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67%
Return on assets
4.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
26 d late
2024
7 d early
2023
58 d early
2022
45 d early
2021
26 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€128k▼ 24.6%
2024 · €170k
2021: €63klowest in 5 years
2022: €117k▲ +86.6% vs 2021
2023: €134k▲ +14.2% vs 2022
2024: €170k▲ +26.6% vs 2023highest in 5 years
2025: €128k▼ -24.6% vs 2024
2021 → 2025
Total assets
€191k▼ 5.2%
2024 · €202k
2021: €109klowest in 5 years
2022: €174k▲ +59.5% vs 2021
2023: €180k▲ +3.4% vs 2022
2024: €202k▲ +12.0% vs 2023highest in 5 years
2025: €191k▼ -5.2% vs 2024
2021 → 2025
Net result
€9k▼ 73.5%
2024 · €36k
2021: €32k
2022: €54k▲ +69.1% vs 2021highest in 5 years
2023: €17k▼ -69.3% vs 2022
2024: €36k▲ +113% vs 2023
2025: €9k▼ -73.5% vs 2024lowest in 5 years
2021 → 2025
Working capital
€75k▼ 30.3%
2024 · €107k
2021: €31klowest in 5 years
2022: €82k▲ +167% vs 2021
2023: €90k▲ +9.9% vs 2022
2024: €107k▲ +19.4% vs 2023highest in 5 years
2025: €75k▼ -30.3% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€117k▲ 86.6%€134k▲ 14.2%€170k▲ 26.6%€128k▼ 24.6%
2021: €63klowest in 5 years
2022: €117k▲ +86.6% vs 2021
2023: €134k▲ +14.2% vs 2022
2024: €170k▲ +26.6% vs 2023highest in 5 years
2025: €128k▼ -24.6% vs 2024
Operating result€47k-€76k▲ 60.3%€25k▼ 66.4%€55k▲ 116%€14k▼ 75.0%
2021: €47k
2022: €76k▲ +60.3% vs 2021highest in 5 years
2023: €25k▼ -66.4% vs 2022
2024: €55k▲ +116% vs 2023
2025: €14k▼ -75.0% vs 2024lowest in 5 years
Net result€32k-€54k▲ 69.1%€17k▼ 69.3%€36k▲ 113%€9k▼ 73.5%
2021: €32k
2022: €54k▲ +69.1% vs 2021highest in 5 years
2023: €17k▼ -69.3% vs 2022
2024: €36k▲ +113% vs 2023
2025: €9k▼ -73.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191k
Fixed assets
€53k ▼ 24.5%
Current assets
€138k ▲ 5.2%
Equity and liabilities €191k
Equity
€128k ▼ 24.6%
Debt
€63k ▲ 98.2%
Debt's share of the balance-sheet total rises from 15.8% to 33.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €71k
Cash flow
€25k▼
2024 · €52k
Current ratio
2.18▼
2024 · 5.52
Quick ratio
2.14▼
2024 · 5.52
Debt to equity
0.49▲
2024 · 0.19
ROE
7.4%▼
2024 · 21.0%
ROA
4.9%▼
2024 · 17.7%
Interest coverage
32.83▼
2024 · 43.13
Debt ≤ 1 year
€63k▲
2024 · €24k
Income taxes
€4k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€202k€191k▼
Fixed assets21/28€71k€53k▼
Tangible fixed assets22/27€70k€53k▼
Plant, machinery and equipment23€17k€14k▼
Furniture and vehicles24€54k€39k▼
Financial fixed assets28€51€51=
Current assets29/58€131k€138k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€41k€11k▼
Trade receivables40€33k€2k▼
Other amounts receivable41€8k€8k▲
Current investments50/53-€40k
Cash at bank and in hand54/58€88k€60k▼
Deferred charges and accrued income490/1€2k€24k▲
Equity and liabilities
Total equity and liabilities10/49€202k€191k▼
Equity10/15€170k€128k▼
Contributions10/11€750€750=
Reserves13€169k€127k▼
Distributable reserves133€169k€127k▼
Amounts payable17/49€32k€63k▲
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€24k€63k▲
Current portion of amounts payable after more than one year42€12k€8k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€368€720▲
Taxes450/3€368€720▲
Other amounts payable47/48€9k€52k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€0€1k▲
Gross operating margin9900€73k€33k▼
Operating profit (loss)9901€55k€14k▼
Financial income75/76B€293€783▲
Recurring financial income75€293€783▲
Financial charges65/66B€2k€901▼
Recurring financial charges65€2k€901▼
Profit (loss) for the period before taxes9903€53k€14k▼
Income taxes67/77€18k€4k▼
Profit (loss) for the period9904€36k€9k▼
Profit (loss) for the period to be appropriated9905€36k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€9k▼
Transfer from equity791/2-€51k
Transfer to equity691/2€36k€9k▼
To other reserves6921€36k€9k▼
Profit to be distributed694/7-€51k
Return on contributions (dividend)694-€51k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €11k | €10k | €16k | €16k | ▼ 3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €683 | €0 | - | - |
| Other operating charges640/8 | €1k | €2k | €1k | €1k | €2k | ▲ 40.5% |
| Non-recurring operating charges66A | - | - | €743 | €0 | €1k | - |
| Gross operating margin9900 | €57k | €89k | €38k | €73k | €33k | ▼ 54.8% |
| Operating profit (loss)9901 | €47k | €76k | €25k | €55k | €14k | ▼ 75.0% |
| Financial income75/76B | €222 | €1k | €553 | €293 | €783 | ▲ 167% |
| Recurring financial income75 | €222 | €1k | €553 | €293 | €783 | ▲ 167% |
| Non-recurring financial income76B | - | €34 | - | - | - | - |
| Financial charges65/66B | €1k | €971 | €2k | €2k | €901 | ▼ 45.5% |
| Recurring financial charges65 | €1k | €971 | €2k | €2k | €901 | ▼ 45.5% |
| Profit (loss) for the period before taxes9903 | €46k | €76k | €24k | €53k | €14k | ▼ 74.6% |
| Income taxes67/77 | €14k | €22k | €8k | €18k | €4k | ▼ 76.7% |
| Profit (loss) for the period9904 | €32k | €54k | €17k | €36k | €9k | ▼ 73.5% |
| Profit (loss) for the period to be appropriated9905 | €32k | €54k | €17k | €36k | €9k | ▼ 73.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109k | €174k | €180k | €202k | €191k | ▼ 5.2% |
| Fixed assets21/28 | €41k | €41k | €69k | €71k | €53k | ▼ 24.5% |
| Tangible fixed assets22/27 | €41k | €41k | €69k | €70k | €53k | ▼ 24.5% |
| Land and buildings22 | €19k | €17k | - | - | - | - |
| Plant, machinery and equipment23 | €12k | €9k | €9k | €17k | €14k | ▼ 15.0% |
| Furniture and vehicles24 | €9k | €14k | €60k | €54k | €39k | ▼ 27.4% |
| Financial fixed assets28 | €51 | €51 | €51 | €51 | €51 | = |
| Current assets29/58 | €68k | €133k | €111k | €131k | €138k | ▲ 5.2% |
| Amounts receivable after more than one year29 | - | €30k | €10k | €0 | - | - |
| Other amounts receivable291 | - | €30k | €10k | €0 | - | - |
| Stocks and contracts in progress3 | - | - | - | - | €3k | - |
| Stocks30/36 | - | - | - | - | €3k | - |
| Amounts receivable within one year40/41 | €23k | €52k | €37k | €41k | €11k | ▼ 73.4% |
| Trade receivables40 | €21k | €47k | €30k | €33k | €2k | ▼ 92.7% |
| Other amounts receivable41 | €2k | €5k | €7k | €8k | €8k | ▲ 7.7% |
| Current investments50/53 | - | - | - | - | €40k | - |
| Cash at bank and in hand54/58 | €42k | €49k | €62k | €88k | €60k | ▼ 31.5% |
| Deferred charges and accrued income490/1 | €3k | €3k | €2k | €2k | €24k | ▲ 893% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109k | €174k | €180k | €202k | €191k | ▼ 5.2% |
| Equity10/15 | €63k | €117k | €134k | €170k | €128k | ▼ 24.6% |
| Contributions10/11 | €750 | €750 | €750 | €750 | €750 | = |
| Reserves13 | €62k | €117k | €133k | €169k | €127k | ▼ 24.7% |
| Non-distributable reserves130/1 | €75 | - | - | - | - | - |
| Reserves not available under the articles1311 | €75 | - | - | - | - | - |
| Distributable reserves133 | €62k | €117k | €133k | €169k | €127k | ▼ 24.7% |
| Amounts payable17/49 | €46k | €57k | €46k | €32k | €63k | ▲ 98.2% |
| Amounts payable after more than one year17 | €9k | €5k | €25k | €8k | - | - |
| Financial debts170/4 | €9k | €5k | €25k | €8k | - | - |
| Amounts payable within one year42/48 | €38k | €52k | €21k | €24k | €63k | ▲ 166% |
| Current portion of amounts payable after more than one year42 | €3k | €4k | €11k | €12k | €8k | ▼ 30.8% |
| Trade debts44 | €17k | €14k | €10k | €3k | €2k | ▼ 29.9% |
| Suppliers440/4 | €17k | €14k | €10k | €3k | €2k | ▼ 29.9% |
| Advances received on contracts in progress46 | - | €17k | - | - | - | - |
| Taxes, remuneration and social security45 | €7k | €7k | €147 | €368 | €720 | ▲ 95.7% |
| Taxes450/3 | €3k | €7k | €147 | €368 | €720 | ▲ 95.7% |
| Remuneration and social security454/9 | €4k | - | - | - | - | - |
| Other amounts payable47/48 | €10k | €11k | €300 | €9k | €52k | ▲ 510% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €54k | €17k | €36k | €9k | ▼ 73.5% |
| + Depreciation and write-downs630 | €9k | €11k | €10k | €16k | €16k | ▼ 3.5% |
| Operating cash flow (approximation) | €41k | €65k | €27k | €52k | €25k | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | €-11k | €-38k | €-18k | €1k | ▲ 107% |
| Change in cash | - | €7k | €14k | €26k | €-28k | ▼ 208% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €9k ▼73.5%
Net result drops to €9k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €170k ▲26.6%
4 profitable years in a row build equity to €170k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.20
Current ratio from 2.58 to 5.20; short-term debt falls from €52k to €21k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €54k ▲69.1%
Operating result €76k, net result €54k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲86.6%
2 profitable years in a row build equity to €117k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Gent · 1 establishment unit since 2004
Ground area
1,274 m²
Building footprint
428 m²
Volume, LiDAR
2,378 m³
Parcel 44017B0183/00N002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Marann
since 20042.142.200.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017B0183/00N002 | Flanders | 1,274 m² | 1 · 428 m² | 7.2 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,596 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
Founded24-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.