MARE
Open bankruptcyA bankruptcy procedure is open for MARE according to publications in the Belgian State Gazette; curator: KATHLEEN VELKENEERS.
Summary
The 2017 annual accounts show equity of €152,607 and a net result of €16,745.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Tongeren division
- Declared bankrupt
- 9 April 2019
- Supervising judge
- Leopold Lowette
- Official Gazette
- 15-04-2019 (pdf) ↗search the document for 2019/119233
Deadlines
- Provisional date payments stopped
- 28 March 2019Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 30 April 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 9 May 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 21 May 2019Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 9 April 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Kathleen VelkeneersKasteelstraat 23B, 3840 Borgloonleen@advvelkeneers.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2017 was due by 31-01-2018 and was filed on 05-02-2018, 5 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
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2017, micro schema
Equity
€152,607▲ 12.3%
2016 · €135,861
Total assets
€284,054▲ 7.6%
2016 · €264,050
Net result
€16,745▲ 34.3%
2016 · €12,464
Working capital
€152,057▲ 11.3%
2016 · €136,612
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2013201420162017
Operating result-€8,004--€4,944▲ 38.2%€6,646-€4,310▼ 35.2%
Net result€3,795--€100,047€12,464-€16,745▲ 34.3%
Equity€248,362-€148,315▼ 40.3%€135,861-€152,607▲ 12.3%
Total assets€412,106-€228,866▼ 44.5%€264,050-€284,054▲ 7.6%
Debt€163,743-€80,551▼ 50.8%€128,188-€131,447▲ 2.5%
Working capital€191,186-€142,843▼ 25.3%€136,612-€152,057▲ 11.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2017; 2017 is 35% below 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €284,054
Fixed assets
€550 =
Current assets
€283,504 ▲ 7.6%
Equity and liabilities €284,054
Equity
€152,607 ▲ 12.3%
Debt
€131,447 ▲ 2.5%
Debt's share of the balance-sheet total falls from 48.5% to 46.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.16▲
2016 · 2.08
ROE
11.0%▲
2016 · 9.2%
ROA
5.9%▲
2016 · 4.7%
Debt ≤ 1 year
€131,447▲
2016 · €126,888
Income taxes
€8,639▲
2016 · €6,368
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,161 | €7,045 | - | - | - |
| Gross operating margin9900 | €10,709 | €3,698 | €7,823 | €4,899 | ▼ 37.4% |
| Operating profit (loss)9901 | -€8,004 | -€4,944 | €6,646 | €4,310 | ▼ 35.2% |
| Recurring financial income75 | €14,777 | €0 | €20,858 | €23,098 | ▲ 10.7% |
| Recurring financial charges65 | €1,067 | €14,291 | €7,297 | €2,024 | ▼ 72.3% |
| Profit (loss) for the period before taxes9903 | €3,795 | -€26,515 | €18,832 | €25,384 | ▲ 34.8% |
| Income taxes67/77 | - | €73,533 | €6,368 | €8,639 | ▲ 35.7% |
| Profit (loss) for the period9904 | €3,795 | -€100,047 | €12,464 | €16,745 | ▲ 34.3% |
| Profit (loss) for the period to be appropriated9905 | €3,795 | €191,121 | €12,464 | €16,745 | ▲ 34.3% |
| Line | 2013 | 2014 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €412,106 | €228,866 | €264,050 | €284,054 | ▲ 7.6% |
| Fixed assets21/28 | €202,854 | €5,473 | €550 | €550 | = |
| Tangible fixed assets22/27 | €202,218 | €4,923 | - | - | - |
| Financial fixed assets28 | €635 | €550 | €550 | €550 | = |
| Current assets29/58 | €209,252 | €223,393 | €263,500 | €283,504 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €179,252 | €220,814 | €242,507 | €259,915 | ▲ 7.2% |
| Current investments50/53 | €30,000 | - | - | - | - |
| Cash at bank and in hand54/58 | - | €2,579 | €145 | €491 | ▲ 238% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €412,106 | €228,866 | €264,050 | €284,054 | ▲ 7.6% |
| Equity10/15 | €248,362 | €148,315 | €135,861 | €152,607 | ▲ 12.3% |
| Contributions10/11 | €84,284 | €84,284 | €84,284 | €84,284 | = |
| Reserves13 | €322,158 | €30,990 | €32,986 | €49,731 | ▲ 50.8% |
| Profit (loss) carried forward14 | -€176,672 | €14,450 | €14,450 | - | - |
| Amounts payable17/49 | €163,743 | €80,551 | €128,188 | €131,447 | ▲ 2.5% |
| Amounts payable after more than one year17 | €145,677 | - | - | - | - |
| Amounts payable within one year42/48 | €18,066 | €80,551 | €126,888 | €131,447 | ▲ 3.6% |
| Trade debts44 | €12,301 | €5,318 | €3,690 | €3,959 | ▲ 7.3% |
| Line | 2013 | 2014 | 2016 | 2017 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,795 | -€100,047 | €12,464 | €16,745 | ▲ 34.3% |
| + Depreciation and write-downs630 | €17,161 | €7,045 | - | - | - |
| Operating cash flow (approximation) | €20,956 | -€93,002 | €12,464 | €16,745 | ▲ 34.3% |
| Investment in fixed assets (approximation) | - | €190,336 | - | €0 | - |
| Change in cash | - | - | - | €346 | - |
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
2019
15-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 09-04-2019
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 5 days late
2017
30-06
Financial
Highest result since 2013net €16,745 ▲34.3%
Net result €16,745, the highest in the series.
30-06
Financial
Equity above €150,000Eq €152,607 ▲12.3%
2 profitable years in a row build equity to €152,607.
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 55 days late
2016
30-06
Financial
Back to profitnet €12,464
Net result €12,464 after one loss-making year.
2014
18-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€100,047
Net result drops to -€100,047, the lowest in the series.
2013
23-12
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2012
01-12
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
27-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 27 days late
2010
25-10
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
Show earlier events
17-01
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
04-02
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 4 days late
2007
27-12
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Heers · 1 establishment unit since 2004
Ground area
1,401 m²
Building footprint
127 m²
Volume, LiDAR
860 m³
Parcel 73038A0485/00R003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kiezelstraat(Kl. Gel.) 12a, 3870 Heers
since 20042.180.241.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73038A0485/00R003 | Flanders | 1,401 m² | 1 · 127 m² | 9.2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATHLEEN VELKENEERS KASTEELSTRAAT 23B,
3840 BORGLOON |
09-04-2019 → present |
Identification & contact
Identification
Legal formPublic limited company
Founded13-05-1993
Fiscal year end30-06
Contact
E-mail
theosteo@gmail.comHeers
Phone
093836460Heers
Fax
093838252Heers
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.