Mare Projects
ActiveSummary
The computed 12-month bankruptcy probability of Mare Projects is 3.4% (moderate). The 2024 annual accounts show negative equity (-€80,377) and a net result of -€51,921. Equity is shrinking by ~123.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 9974 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Signals
This company filed its last 3 accounts on average 35 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,170 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,170 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €115,997 | €4,131 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,820 | €13,817 | €13,817 | = |
| Other operating charges640/8 | €10,406 | €40,048 | €6,253 | ▼ 84.4% |
| Gross operating margin9900 | €91,724 | -€3,038 | -€1,204 | ▲ 60.4% |
| Operating profit (loss)9901 | €50,498 | -€56,903 | -€21,274 | ▲ 62.6% |
| Financial income75/76B | €25 | - | - | - |
| Recurring financial income75 | €25 | - | - | - |
| Financial charges65/66B | €6,806 | €26,472 | €30,647 | ▲ 15.8% |
| Recurring financial charges65 | €6,806 | €26,472 | €30,647 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | €43,717 | -€83,374 | -€51,921 | ▲ 37.7% |
| Income taxes67/77 | €8,799 | - | - | - |
| Profit (loss) for the period9904 | €34,918 | -€83,374 | -€51,921 | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €34,918 | -€83,374 | -€51,921 | ▲ 37.7% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €725,651 | €660,153 | €702,151 | ▲ 6.4% |
| Fixed assets21/28 | €682,420 | €552,734 | €538,917 | ▼ 2.5% |
| Tangible fixed assets22/27 | €682,420 | €552,734 | €538,917 | ▼ 2.5% |
| Land and buildings22 | €682,420 | €552,734 | €538,917 | ▼ 2.5% |
| Current assets29/58 | €43,231 | €107,419 | €163,234 | ▲ 52.0% |
| Amounts receivable within one year40/41 | €30,681 | €106,452 | €134,733 | ▲ 26.6% |
| Trade receivables40 | €3,147 | - | - | - |
| Other amounts receivable41 | €27,534 | €106,452 | €134,733 | ▲ 26.6% |
| Cash at bank and in hand54/58 | €12,551 | - | €27,952 | - |
| Deferred charges and accrued income490/1 | - | €968 | €550 | ▼ 43.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €725,651 | €660,153 | €702,151 | ▲ 6.4% |
| Equity10/15 | €54,918 | -€28,457 | -€80,377 | ▼ 182% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €34,918 | - | - | - |
| Distributable reserves133 | €34,918 | - | - | - |
| Profit (loss) carried forward14 | - | -€48,457 | -€100,377 | ▼ 107% |
| Amounts payable17/49 | €670,733 | €688,610 | €782,529 | ▲ 13.6% |
| Amounts payable within one year42/48 | €670,733 | €688,610 | €782,529 | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | €544,000 | €540,000 | €436,000 | ▼ 19.3% |
| Financial debts43 | - | €7,177 | - | - |
| Credit institutions430/8 | - | €7,177 | - | - |
| Trade debts44 | - | €13,238 | €24,103 | ▲ 82.1% |
| Suppliers440/4 | - | €13,238 | €24,103 | ▲ 82.1% |
| Taxes, remuneration and social security45 | €9,233 | €9,651 | €9 | ▼ 99.9% |
| Taxes450/3 | €9,233 | €9,651 | €9 | ▼ 99.9% |
| Other amounts payable47/48 | €117,500 | €118,544 | €322,417 | ▲ 172% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,918 | -€83,374 | -€51,921 | ▲ 37.7% |
| + Depreciation and write-downs630 | €30,820 | €13,817 | €13,817 | = |
| Operating cash flow (approximation) | €65,738 | -€69,558 | -€38,104 | ▲ 45.2% |
| Investment in fixed assets (approximation) | - | €115,869 | €0 | ▼ 100% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0472/00Y009 | Flanders | 1,507 m² | 1 · 372 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.