MARE NOSTRUM
ActiveMARE NOSTRUM has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €655k and a net result of €8k. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 41 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
71
/ 100
Healthy▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-94
Solvency54▲+28
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.27 in 2024), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 03
Relative position
BE, all sectors
reference
Sector 03
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
31.3%
Return on assets
0.4%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €655k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
56 d late
2023
6 d late
2022
4 d early
2021
3 d early
2020
58 d early
2019
46 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€655k▲ 160%
2024 · €252k
2018: €620k
2019: €580k
2020: €737k
2021: €541k
2022: €483k
2023: €418k
2024: €252k
2018 → 2025
Total assets
€2.09M▲ 15.6%
2024 · €1.81M
2018: €2.21M
2019: €2.60M
2020: €2.37M
2021: €2.50M
2022: €2.30M
2023: €1.97M
2024: €1.81M
2018 → 2025
Net result
€8k▼ 94.9%
2024 · €155k
2018: €179k
2019: €188k
2020: €204k
2021: €141k
2022: €92k
2023: €96k
2024: €155k
2018 → 2025
Working capital
€183k▼ 22.4%
2024 · €236k
2018: €222k
2019: €-78k
2020: €318k
2021: €156k
2022: €137k
2023: €569k
2024: €236k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€541k-€483k▼ 10.7%€418k▼ 13.5%€252k▼ 39.7%€655k▲ 160%
Operating result€157k-€119k▼ 24.2%€148k▲ 24.1%€233k▲ 58.0%€36k▼ 84.4%
Net result€141k-€92k▼ 34.6%€96k▲ 4.1%€155k▲ 62.0%€8k▼ 94.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.09M
Fixed assets
€1.09M▲ 54.8%
Current assets
€1,000k▼ 9.4%
Equity and liabilities €2.09M
Equity
€655k▲ 160%
Provisions
€5k▼ 12.4%
Debt
€1.43M▼ 7.8%
The debt ratio falls from 85.8% to 68.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€182k▼
2024 · €347k
Cash flow
€154k▼
2024 · €269k
Solvency
31.3%▲
2024 · 13.9%
Current ratio
1.22▼
2024 · 1.27
Quick ratio
1.22▼
2024 · 1.27
Debt / equity
2.18▼
2024 · 6.16
ROE
1.2%▼
2024 · 61.6%
ROA
0.4%▼
2024 · 8.6%
Interest coverage
3.27▼
2024 · 6.89
Debt
€1.43M▼
2024 · €1.55M
Debt ≤ 1 year
€817k▼
2024 · €868k
Debt > 1 year
€607k▼
2024 · €676k
Income taxes
€4k▼
2024 · €63k
Staff costs
€761k▲
2024 · €646k
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€1.81M€2.09M▲
Formation expenses20€0€0=
Fixed assets21/28€704k€1.09M▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€693k€1.08M▲
Plant, machinery and equipment23€221k€266k▲
Furniture and vehicles24€472k€813k▲
Financial fixed assets28€12k€12k=
Current assets29/58€1.10M€1,000k▼
Amounts receivable after more than one year29€928k€808k▼
Other amounts receivable291€928k€808k▼
Amounts receivable within one year40/41€118k€145k▲
Trade receivables40€54k€107k▲
Other amounts receivable41€64k€38k▼
Cash at bank and in hand54/58€25k€280▼
Deferred charges and accrued income490/1€33k€47k▲
Equity and liabilities
Total equity and liabilities10/49€1.81M€2.09M▲
Equity10/15€252k€655k▲
Contributions10/11€245k€245k=
Revaluation surpluses12-€400k
Reserves13€687k€687k=
Distributable reserves133€687k€687k=
Profit (loss) carried forward14€-711k€-703k▲
Investment grants15€30k€26k▼
Provisions and deferred taxes16€5k€5k▼
Deferred taxes168€5k€5k▼
Amounts payable17/49€1.55M€1.43M▼
Amounts payable after more than one year17€676k€607k▼
Financial debts170/4€676k€607k▼
Amounts payable within one year42/48€868k€817k▼
Current portion of amounts payable after more than one year42€91k€69k▼
Financial debts43€235k€400k▲
Credit institutions430/8€235k€400k▲
Trade debts44€142k€144k▲
Suppliers440/4€142k€144k▲
Taxes, remuneration and social security45€212k€204k▼
Taxes450/3€173k€160k▼
Remuneration and social security454/9€38k€44k▲
Other amounts payable47/48€188k-
Accrued charges and deferred income492/3€7k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€26k-
Remuneration, social security and pensions62€646k€761k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€146k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€997k€946k▼
Operating profit (loss)9901€233k€36k▼
Financial income75/76B€35k€30k▼
Recurring financial income75€35k€30k▼
Financial charges65/66B€50k€56k▲
Recurring financial charges65€50k€56k▲
Profit (loss) for the period before taxes9903€217k€11k▼
Transfer from deferred taxes780€663€663=
Income taxes67/77€63k€4k▼
Profit (loss) for the period9904€155k€8k▼
Profit (loss) for the period to be appropriated9905€155k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-556k€-703k▼
Profit (loss) brought forward from the previous period14P€-711k€-711k=
Transfer from equity791/2€188k-
Transfer to equity691/2€155k-
To other reserves6921€155k-
Profit to be distributed694/7€188k-
Return on contributions (dividend)694€188k-
Social balance
Average headcount (FTE)90878.19.0▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €8k ▼94.9%
Net result drops to €8k, the lowest in the series.
31-12
Financial
Equity above €500kEq €655k ▲160%
8 profitable years in a row build equity to €655k.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €204k ▲8.5%
Operating result €353k, net result €204k, both a record.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 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, Knokke-Heist · 1 establishment unit since 1998
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.
Boomgaarden 398300 Knokke-HeistGround area
698 m²
Building footprint
188 m²
Volume, LiDAR
1,110 m³
Parcel 31039E0119/00H003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARE NOSTRUM Z.576
since 19982.088.313.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0119/00H003 | Flanders | 698 m² | 1 · 188 m² | 9.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 14,000 EUR awarded · 13,257 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 13,257 EUR |
| 2022 | 1 | 14,000 EUR | 0 EUR |
Schemes
Investeringssteun en andere maatregelen
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.088.313.889
Dual-learning approval
2 live approvals · 5 endedMatroos zeevisserij duaal (so)
Zeevisserij duaal (so)
Similar companies · same sector, comparable size
CHRISTOPH
BE 0439.216.295
Kapellen · Eq €652k
SEMPER - CONFIDENS
BE 0455.443.803
Knokke-Heist · Eq €664k
ZEEMANSBLIK
BE 0420.781.050
Brugge · Eq €643k
CAROLINE
BE 0449.051.107
Knokke-Heist · Eq €682k
REDERIJ DE MARIE - LOUISE
BE 0462.715.734
Brugge · Eq €626k
Of 103 companies in sector 03110 we hold annual accounts for 75. 66 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-1998
Fiscal year end31-12
Activities, NACEBEL
03110Fishing and aquaculture
05010
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.