MARAQUA
ActiveMARAQUA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142k and a net result of €2k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 2037 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-12
Solvency74=
Growth46▼-14
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.97 in 2024; short-term debt: 50.8% and cash: 2.4% of total assets), but 50.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
49.2%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
8 d late
2023
50 d late
2022
16 d late
2021
23 d early
2020
24 d early
2019
21 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.01M▲ 19.3%
2024 · €850k
2018: €992k
2019: €1.14M
2020: €1.19M
2021: €1.08M
2022: €1.01M
2023: €942k
2024: €850k
2018 → 2025
EBIT margin
1.0%▼ 2.1pp
2024 · 3.1%
2018: 0.9%
2019: 0.3%
2020: 0.4%
2021: 2.2%
2022: 0.4%
2023: 0.7%
2024: 3.1%
2018 → 2025
Net result
€2k▼ 89.0%
2024 · €15k
2018: €2k
2019: €742
2020: €2k
2021: €15k
2022: €524
2023: €1k
2024: €15k
2018 → 2025
Working capital
€142k▲ 1.2%
2024 · €140k
2018: €113k
2019: €107k
2020: €109k
2021: €123k
2022: €124k
2023: €125k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.08M-€1.01M▼ 6.3%€942k▼ 6.6%€850k▼ 9.7%€1.01M▲ 19.3%
Equity€123k-€124k▲ 0.4%€125k▲ 0.9%€140k▲ 12.2%€142k▲ 1.2%
Operating result€24k-€4k▼ 84.2%€6k▲ 71.6%€27k▲ 310%€11k▼ 60.0%
Net result€15k-€524▼ 96.4%€1k▲ 108%€15k▲ 1,305%€2k▼ 89.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €288k
Equity
€142k▲ 1.2%
Debt
€146k▲ 1.8%
The debt ratio rises from 50.6% to 50.8%. Equity and debt are higher.
Key figures and ratios
Solvency
49.2%▼
2024 · 49.4%
Current ratio
1.97▼
2024 · 1.97
Quick ratio
1.97▼
2024 · 1.97
Debt / equity
1.03▲
2024 · 1.03
ROE
1.2%▼
2024 · 10.9%
ROA
0.6%▼
2024 · 5.4%
Debt
€146k▲
2024 · €144k
Debt ≤ 1 year
€146k▲
2024 · €144k
Income taxes
€9k▼
2024 · €11k
Staff costs
€1.01M▲
2024 · €831k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€284k€288k▲
Current assets29/58€284k€288k▲
Amounts receivable within one year40/41€281k€281k▲
Trade receivables40€281k€281k▲
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€284k€288k▲
Equity10/15€140k€142k▲
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€105k€105k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130-€2k
Reserves not available under the articles1311€2k-
Distributable reserves133€103k€103k=
Profit (loss) carried forward14€17k€19k▲
Amounts payable17/49€144k€146k▲
Amounts payable within one year42/48€144k€146k▲
Trade debts44€15k€19k▲
Suppliers440/4€15k€19k▲
Taxes, remuneration and social security45€129k€127k▼
Taxes450/3€25k€18k▼
Remuneration and social security454/9€103k€109k▲
Income statement
Code20242025
Turnover70€850k€1.01M▲
Goods, raw materials, services and sundry goods60/61€9k€11k▲
Remuneration, social security and pensions62€831k€1.01M▲
Other operating charges640/8€737€654▼
Gross operating margin9900€858k€1.02M▲
Operating profit (loss)9901€27k€11k▼
Financial charges65/66B€124€190▲
Recurring financial charges65€124€190▲
Profit (loss) for the period before taxes9903€26k€10k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€15k€2k▼
Profit (loss) for the period to be appropriated9905€15k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€19k▲
Profit (loss) brought forward from the previous period14P€2k€17k▲
Social balance
Average headcount (FTE)90879.712.6▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
31-12
Financial
Highest result since 2018net €15k ▲1305%
Operating result €27k, net result €15k, both a record.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 50 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €524 ▼96.4%
Net result drops to €524, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brugge · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Peraltastraat 58000 BruggeGround area
6,429 m²
Building footprint
1,535 m²
Volume, LiDAR
11,549 m³
Parcel 31807I0046/00C000, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MARAQUA
since 20092.179.159.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0046/00C000 | Flanders | 6,429 m² | 1 · 1,535 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GROPAKU
BE 0656.771.954
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NEACSU CARRELAGE
BE 0563.373.426
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T.V.S. - FIBER
BE 0426.473.960
Beringen · Eq €142k
Roof Concept
BE 0779.913.751
Namur · Eq €142k
MANDACHE CONSTRUCT
BE 0755.961.184
Ganshoren · Eq €142k
Of 15,536 companies in sector 43990 we hold annual accounts for 7,421. 6,107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2009
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
25110Manufacture of metal structures and parts of structures
30110Manufacture of other transport equipment
42219Civil engineering
42919Civil engineering
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.