MARE
ActiveFrom the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MARE has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €12,789. Equity remains stable across the filed financial years (±2.1% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 09-11-2004 Normal situation
- Legal form
- Private limited company
- Registered office
- Zeedijk-Knokke 488, 8300 Knokke-Heist
- Activity
- “Alle verrichtingen doen onder gelijk welke vorm, verwerven, beheren, valoriseren en cederen onder meer…” (deed in Dutch)From the articles, 11 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.325.865.604 8300 Knokke-Heist, since 09-11-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€5,541
- ▲ 35.2%
- Profit
- €12,789
- ▲ 1.3%
- Equity
- €1.0m
- ▲ 1.3%
- Total assets
- €1.0m
- ▲ 0.4%
Why 94raises riskLiquidity: cash €4,204lowers riskSize: total assets €1.0mEquity €1.0m (100.0% of total assets)Figures for financial year 2025 (filed 07-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 81% on solvency, 41% on liquidity, 31% on profitability and 52% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 24 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 07-07-2026
- Format
- abbreviated format
- Reference
- 2026-00271247
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €6,689 in 2025 against €9,647 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 5.0% |
| Non-recurring operating charges66A | - | - | - | €0.005m | €436 | €0 | - | - | - |
| Gross operating margin9900 | €0.03m | €0.02m | €1.1m | -€0.01m | -€0.006m | -€0.004m | -€0.009m | -€0.006m | ▲ 35.2% |
| Operating profit (loss)9901 | -€0.02m | -€0.03m | €1.0m | -€0.03m | -€0.008m | -€0.005m | -€0.01m | -€0.007m | ▲ 30.7% |
| Financial income75/76B | - | - | - | €160 | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 14.3% |
| Recurring financial income75 | - | - | - | €160 | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 14.3% |
| Financial charges65/66B | - | - | - | €120 | €120 | €120 | €0.001m | €160 | ▼ 82.0% |
| Recurring financial charges65 | €109 | €99 | €110 | €120 | €120 | €120 | €0.001m | €160 | ▼ 82.0% |
| Profit (loss) for the period before taxes9903 | -€0.02m | -€0.03m | €1.0m | -€0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 1.7% |
| Income taxes67/77 | - | - | €0.1m | €0 | - | €0.003m | €0.005m | €0.004m | ▼ 9.7% |
| Profit (loss) for the period9904 | -€0.02m | -€0.03m | €0.8m | -€0.03m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.02m | -€0.03m | €0.8m | -€0.03m | €0.02m | €0.02m | €0.01m | €0.01m | ▲ 1.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.5m | €1.1m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Fixed assets21/28 | €1.5m | €1.5m | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.5m | €1.5m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.03m | €0.03m | €1.1m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Amounts receivable within one year40/41 | €0.01m | €0.02m | €1.1m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Trade receivables40 | - | - | - | €0.001m | €0.001m | €0 | - | €0.5m | - |
| Other amounts receivable41 | - | - | - | €0.9m | €1.0m | €1.0m | €1.0m | €0.5m | ▼ 48.0% |
| Cash at bank and in hand54/58 | €0.01m | €0.01m | €0.01m | €0.02m | €0.009m | €0.004m | €0.004m | €0.004m | ▲ 0.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.1m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.4% |
| Equity10/15 | €0.2m | €0.1m | €1.0m | €0.9m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 1.3% |
| Contributions10/11 | €0.6m | €0.6m | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | ▲ 3.2% |
| Distributable reserves133 | - | - | - | - | - | €0.4m | €0.4m | €0.4m | ▲ 3.2% |
| Profit (loss) carried forward14 | -€0.4m | -€0.5m | €0.4m | €0.3m | €0.4m | €0 | - | - | - |
| Amounts payable17/49 | €1.4m | €1.4m | €0.1m | €0 | €0.001m | €0.003m | €0.009m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.4m | €1.4m | €0.1m | €0 | €0.001m | €0.003m | €0.009m | €0 | ▼ 100% |
| Trade debts44 | €0.001m | €0.002m | €0.007m | €0 | €0.001m | €0 | €0.001m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0 | €0.001m | €0 | €0.001m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | €0.003m | €0.008m | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €0 | - | €0.003m | €0.008m | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,425 | -€31,427 | €838,477 | -€31,922 | €20,286 | €20,588 | €12,620 | €12,789 | ▲ 1.3% |
| + Depreciation and write-downs630 | €43,019 | €43,019 | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €24,595 | €11,592 | €838,477 | -€31,922 | €20,286 | €20,588 | €12,620 | €12,789 | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - | - | - |
| Change in cash | - | €710 | -€69 | €2,838 | -€6,422 | -€5,087 | €511 | €5 | ▼ 99.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 07-07-2026 | 2026-00271247 | NBB |
| 31-12-2024 | abbreviated format | 07-07-2025 | 2025-00245784 | |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00213347 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00420694 | |
| 31-12-2021 | abbreviated format | 05-10-2022 | 2022-20458546 | |
| 31-12-2020 | abbreviated format | 25-10-2021 | 2021-73700516 | |
| 31-12-2019 | abbreviated format | 28-09-2020 | 2020-55800235 | |
| 31-12-2018 | abbreviated format | 10-10-2019 | 2019-69200265 | |
| 31-12-2017 | micro format | 24-09-2018 | 2018-63900116 | |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-63600489 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| IMMO NEW SCHMITZ |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Niet-statutaire bestuurders, herroepbaar ad nutum door algemene vergadering”“Algemene vergadering anders beslist, ten kosteloze titel”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen”
Articles of association, deed of 27-02-2025 (in Dutch)
Owners and capital
Capital and shareholders
- 27-02-2025 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Zonder goedkeuring, overdracht onder levenden of overgang door overlijden”
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen - Recht van voorkeur, eerst aan bestaande aandeelhouders”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 27-02-2025 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-02
Gazette deed
Reappointment: IMMO NEW SCHMITZ (director)Legal-form conversion · Capital conversion · Amendment of the articles12 facts ▸
- General meeting, 24-02-2025
- Other provision, “aanpassing aan Wetboek van Vennootschappen en Verenigingen, bekendmaking akte” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “beschikbaarmaking statutair onbeschikbaar eigen vermogen, onmiddellijke ingang” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “Statutair onbeschikbare eigen vermogensrekening, beschikbaar” (deed in Dutch)
- Other provision, “Aard van de andere effecten” (deed in Dutch)
- Power of attorney
- Director reappointment, IMMO NEW SCHMITZ (director)
- Registered office clause, “Knokke-Heist, Zeedijk-Knokke 488” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen doen onder gelijk welke vorm, verwerven, beheren, valoriseren en cederen onder meer inhoudend aan- en verkoop, huur en…”
11 activities
- Alle verrichtingen doen onder gelijk welke vorm, verwerven, beheren, valoriseren en cederen onder meer inhoudend aan- en verkoop, huur en verhuur, huurfinanciering, (laten) bouwen, verbouwen, restaureren, renoveren, aanpassen, verfraaien, uitrusten en onderhouden, uitbaten, verkavelen
- Het verstrekken van advies
- De ontwikkeling van alle projecten
- De coördinatie van bedrijvigheden die betrekking hebben op de gehele of gedeeltelijke uitvoering van voltooiingswerkzaamheden door onderaannemers
- De vennootschap kan verder zowel binnen als buiten de onroerende sector allerlei advies, administratieve hulpverlening als andere diensten verstrekken zoals het uitlenen van diensten en personeel, management consulting, marktstudies, business-consulting, financiële adviesverlening
- De vennootschap mag alle brevetten, vergunningen of merken die betrekking hebben op haar maatschappelijk doel aankopen, exploiteren en afstaan
- Zij mag in België en in het buitenland alle commerciële, industriële, financiële, roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar maatschappelijk doel
- Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving of anderszins in alle ondernemingen, verenigingen of vennootschappen die een gelijkaardig, analoog of aanverwant doel nastreven of wier doel van aard is dat van de vennootschap te bevorderen
- Zij mag zich voor deze vennootschappen borg stellen of aval verlenen, voorschotten en krediet toestaan, hypothecaire of andere waarborgen verstrekken
- Zij mag de opdracht van bestuurder uitoefenen in andere vennootschappen
- De vennootschap kan alle verrichtingen uitvoeren die nodig of dienstig zijn tot verwezenlijking van haar doel
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MARE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of June at 20:00
Articles of association, deed of 27-02-2025 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31013A0767/00G000 | Flanders | 3,619 m² | 1 · 3,148 m² | 43.4 m · 7 |