MARAYAN
ActiveSummary
The computed 12-month bankruptcy probability of MARAYAN is 6.2% (elevated). The 2025 annual accounts show equity of €24k and a net result of €-232. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 4654 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-31
Solvency100=
Growth48▼-28
Track record94
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 19.31 against 2.65 in 2024; short-term debt: 3.6% and cash: 17.7% of total assets), and 3.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
96.4%
Return on assets
-0.9%
Age of the figures
9 mo
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 14-07-2026, 17 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
17 d early
2024
17 d early
2023
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
Turnover
€77k▼ 8.7%
2024 · €85k
2023: €76klowest in 3 years
2024: €85k▲ +12.3% vs 2023highest in 3 years
2025: €77k▼ -8.7% vs 2024
2023 → 2025
EBIT margin
2.4%▼ 9.7pp
2024 · 12.2%
2023: 7.6%
2024: 12.2%▲ +59.2% vs 2023highest in 3 years
2025: 2.4%▼ -79.9% vs 2024lowest in 3 years
2023 → 2025
Net result
€-232
2024 · €8k
2023: €6k
2024: €8k▲ +47.9% vs 2023highest in 3 years
2025: €-232▼ -103% vs 2024lowest in 3 years
2023 → 2025
Working capital
€16k▲ 87.2%
2024 · €9k
2023: €-6klowest in 3 years
2024: €9k▲ +241% vs 2023
2025: €16k▲ +87.2% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€76k-€85k▲ 12.3%€77k▼ 8.7%
2023: €76klowest in 3 years
2024: €85k▲ +12.3% vs 2023highest in 3 years
2025: €77k▼ -8.7% vs 2024
Equity€16k-€24k▲ 53.2%€24k▼ 1.0%
2023: €16klowest in 3 years
2024: €24k▲ +53.2% vs 2023highest in 3 years
2025: €24k▼ -1.0% vs 2024
Operating result€6k-€10k▲ 78.9%€2k▼ 81.6%
2023: €6k
2024: €10k▲ +78.9% vs 2023highest in 3 years
2025: €2k▼ -81.6% vs 2024lowest in 3 years
Net result€6k-€8k▲ 47.9%€-232
2023: €6k
2024: €8k▲ +47.9% vs 2023highest in 3 years
2025: €-232▼ -103% vs 2024lowest in 3 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 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25k
Fixed assets
€7k ▼ 52.0%
Current assets
€17k ▲ 23.0%
Equity and liabilities €25k
Equity
€24k ▼ 1.0%
Debt
€898 ▼ 83.1%
Debt's share of the balance-sheet total falls from 18.2% to 3.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €18k
Cash flow
€8k▼
2024 · €16k
Current ratio
19.31▲
2024 · 2.65
Debt to equity
0.04▼
2024 · 0.22
ROE
-1.0%▼
2024 · 34.7%
ROA
-0.9%▼
2024 · 28.4%
Interest coverage
197.68▲
2024 · 65.64
Debt ≤ 1 year
€898▼
2024 · €5k
Income taxes
€2k▲
2024 · €2k
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€25k▼
Fixed assets21/28€15k€7k▼
Tangible fixed assets22/27€15k€7k▼
Furniture and vehicles24€15k€7k▼
Financial fixed assets28€130€130=
Current assets29/58€14k€17k▲
Amounts receivable within one year40/41€8k€13k▲
Trade receivables40€1k€1k▲
Other amounts receivable41€7k€12k▲
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€29k€25k▼
Equity10/15€24k€24k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€14k€14k▼
Amounts payable17/49€5k€898▼
Amounts payable within one year42/48€5k€898▼
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€1k€898▼
Taxes450/3€1k€898▼
Income statement
Code20242025
Turnover70€85k€77k▼
Non-recurring operating income76A€2k-
Goods, raw materials, services and sundry goods60/61€67k€67k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€2k€722▼
Gross operating margin9900€20k€11k▼
Operating profit (loss)9901€10k€2k▼
Financial charges65/66B€277€50▼
Recurring financial charges65€277€50▼
Profit (loss) for the period before taxes9903€10k€2k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€8k€-232▼
Profit (loss) for the period to be appropriated9905€8k€-232▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€14k▼
Profit (loss) brought forward from the previous period14P€6k€14k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €76k | €85k | €77k | ▼ 8.7% |
| Non-recurring operating income76A | - | €2k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €61k | €67k | €67k | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | ▲ 0.3% |
| Other operating charges640/8 | €824 | €2k | €722 | ▼ 63.1% |
| Gross operating margin9900 | €15k | €20k | €11k | ▼ 47.8% |
| Operating profit (loss)9901 | €6k | €10k | €2k | ▼ 81.6% |
| Financial charges65/66B | €142 | €277 | €50 | ▼ 82.1% |
| Recurring financial charges65 | €142 | €277 | €50 | ▼ 82.1% |
| Profit (loss) for the period before taxes9903 | €6k | €10k | €2k | ▼ 81.6% |
| Income taxes67/77 | - | €2k | €2k | ▲ 20.7% |
| Profit (loss) for the period9904 | €6k | €8k | €-232 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €6k | €8k | €-232 | ▼ 103% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32k | €29k | €25k | ▼ 15.9% |
| Fixed assets21/28 | €22k | €15k | €7k | ▼ 52.0% |
| Tangible fixed assets22/27 | €22k | €15k | €7k | ▼ 52.5% |
| Furniture and vehicles24 | €22k | €15k | €7k | ▼ 52.5% |
| Financial fixed assets28 | €130 | €130 | €130 | = |
| Current assets29/58 | €10k | €14k | €17k | ▲ 23.0% |
| Amounts receivable within one year40/41 | €1k | €8k | €13k | ▲ 53.7% |
| Trade receivables40 | - | €1k | €1k | ▲ 25.5% |
| Other amounts receivable41 | €1k | €7k | €12k | ▲ 57.9% |
| Cash at bank and in hand54/58 | €8k | €5k | €4k | ▼ 3.3% |
| Deferred charges and accrued income490/1 | €952 | €1k | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32k | €29k | €25k | ▼ 15.9% |
| Equity10/15 | €16k | €24k | €24k | ▼ 1.0% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €6k | €14k | €14k | ▼ 1.7% |
| Amounts payable17/49 | €16k | €5k | €898 | ▼ 83.1% |
| Amounts payable within one year42/48 | €16k | €5k | €898 | ▼ 83.1% |
| Trade debts44 | €16k | €4k | - | - |
| Suppliers440/4 | €16k | €4k | - | - |
| Taxes, remuneration and social security45 | - | €1k | €898 | ▼ 30.4% |
| Taxes450/3 | - | €1k | €898 | ▼ 30.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €8k | €-232 | ▼ 103% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | ▲ 0.3% |
| Operating cash flow (approximation) | €14k | €16k | €8k | ▼ 52.7% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-4k | €-148 | ▲ 95.9% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-232
Net result drops to €-232, the lowest in the series.
31-12
Financial
Liquidity times 7current ratio 19.31
Current ratio from 2.65 to 19.31; short-term debt falls from €5k to €898.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €8k ▲47.9%
Operating result €10k, net result €8k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.65
Current ratio from 0.62 to 2.65; short-term debt falls from €16k to €5k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2022
Ground area
141 m²
Building footprint
110 m²
Volume, LiDAR
1,102 m³
Parcel 21815D0025/00Z004, Brussels · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MARAYAN
since 20222.333.091.411
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0025/00Z004 | Brussels | 141 m² | 1 · 110 m² | 15.2 m · 4 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 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,998 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
Founded13-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49310Scheduled passenger transport by road
Scores and ratios are computed by Checked and are not a credit decision.