Equity
-€80,377
Debts exceed assets in financial year 2024.
Mare Projects
Overview
Lifetime
3 annual accounts with figures on one time axispeak €91,724 (2022)
-€1,204▲ €1,834
lowest -€83,374 (2023)
-€51,921▲ €31,454
peak €54,918 (2022)
-€80,377▼ €51,921
€782,529▲ 13.6%
Board1 name since 2021
1 director
Documentsfilings and deeds
29-09-202560 days late
2024micro format
Gross margin from -€3,038 to -€1,204Loss of €51,921Equity from -€28,457 to -€80,377
Key points
from the 2024 annual accountsLosses
-€135,295 in two years
The 2023 and 2024 financial years closed with a loss. 2023 was the heaviest.
Debts
€782,529 111% of the balance sheet
Suppliers 3%Taxes and wages 0%Other 97%
Filings
3 annual accounts 107 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€20,000
Position in the sector
-€51,921
Lower net result than 95% of companies in construction of buildings. Sector median €7,908 · 9,870 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as Mare Projects has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,167 companies, not a prediction for Mare Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
- 25 sharesdeed of 10-06-2021
- 50 sharesdeed of 10-06-2021
- 25 sharesdeed of 10-06-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0769476353
Environmental permit refused
Slopen van niet vrijstaande gebouwen of constructies · Middelkerke
Incorporation
Founding capital of €20,000 · Founders: , , and 1 other · Appointment: (director) · published on 10-06-2021 · Gazette deed
First establishment
Guido Gezelleplein 1, Nieuwpoort
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Mare Projects Nieuwpoort | €702,151 | -€1,204 | -11.4% | - |
| KJP CONSTRUCT Diksmuide | €729,132 | -€13,930 | -72.7% | - |
| VALLOMIE Damme | €817,858 | -€19,258 | 19.6% | - |
| VANCA PROJECTS Moorslede | €667,556 | -€3,391 | 76.9% | - |
| COPROVEST Schelle | €663,849 | -€1,186 | 2.3% | - |
| DEFI HOME Charleroi | €657,217 | -€176 | -3.1% | - |
| VEND RENOVATIES Antwerp | €688,439 | -€367,200 | -32.5% | - |
These companies have the same main activity as Mare Projects: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €657,000 and €818,000, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 08-06-2021Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.320.386.5878620 Nieuwpoort, since 08-06-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2024
- -€1,204▲ 60.4%
- €51,921▼ 37.7%
- -€80,377▼ 182%
- €702,151▲ 6.4%
- Filing
- Filed on 29-09-2025
Insights on Mare Projects
Mare Projects files the micro format. That format states no turnover. The gross margin fell from €91,724 in 2022 to -€1,204 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 29-09-2025, 60 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 15 November 2026.
-€1,204
▲ €1,834
-€21,274
▲ €35,629
-€51,921
▲ €31,454
-€619,294
▼ €38,104
-11.4%
▼ 7.1 percentage points
0.21
▲ 0.05
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €702,151 on 31-12-2024What the company ownsHow it is paid for
in euro
Position in the sector
-11.4%
Higher than 9% of 9,881 companies in 2024.
0.21
Lower than 95% of 9,595 companies in 2024.
-7.4%
Higher than 15% of 9,688 companies in 2024.
Mare Projects
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
702,151 | 660,153 | 725,651 | |
21/28 |
538,917 | 552,734 | 682,420 | |
22/27 |
538,917 | 552,734 | 682,420 | |
22 |
538,917 | 552,734 | 682,420 | |
29/58 |
163,234 | 107,419 | 43,231 | |
40/41 |
134,733 | 106,452 | 30,681 | |
40 |
- | - | 3,147 | |
41 |
134,733 | 106,452 | 27,534 | |
54/58 |
27,952 | - | 12,551 | |
490/1 |
550 | 968 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
702,151 | 660,153 | 725,651 | |
10/15 |
-80,377 | -28,457 | 54,918 | |
10/11 |
20,000 | 20,000 | 20,000 | |
13 |
- | - | 34,918 | |
133 |
- | - | 34,918 | |
14 |
-100,377 | -48,457 | - | |
17/49 |
782,529 | 688,610 | 670,733 | |
42/48 |
782,529 | 688,610 | 670,733 | |
42 |
436,000 | 540,000 | 544,000 | |
43 |
- | 7,177 | - | |
430/8 |
- | 7,177 | - | |
44 |
24,103 | 13,238 | - | |
440/4 |
24,103 | 13,238 | - | |
45 |
9 | 9,651 | 9,233 | |
450/3 |
9 | 9,651 | 9,233 | |
47/48 |
322,417 | 118,544 | 117,500 | |
| Income statement | ||||
76A |
- | 4,131 | 115,997 | |
9900 |
-1,204 | -3,038 | 91,724 | |
630 |
13,817 | 13,817 | 30,820 | |
640/8 |
6,253 | 40,048 | 10,406 | |
9901 |
-21,274 | -56,903 | 50,498 | |
75/76B |
- | - | 25 | |
75 |
- | - | 25 | |
65/66B |
30,647 | 26,472 | 6,806 | |
65 |
30,647 | 26,472 | 6,806 | |
9903 |
-51,921 | -83,374 | 43,717 | |
67/77 |
- | - | 8,799 | |
9904 |
-51,921 | -83,374 | 34,918 | |
9905 |
-51,921 | -83,374 | 34,918 | |
| Appropriation of the result | ||||
9906 |
-100,377 | -83,374 | 34,918 | |
14P |
-48,457 | - | - | |
791/2 |
- | 34,918 | - | |
691/2 |
- | - | 34,918 | |
6921 |
- | - | 34,918 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 29-09-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| -7,457 | -43,086 | 81,318 | ||
| -38,104 | -69,558 | 65,738 | ||
| 0 | -115,869 | 1.0m | ||
| -619,294 | -581,190 | -627,502 | ||
| -11.4% | -4.3% | 7.6% | ||
| 0.21 | 0.16 | 0.06 | ||
| - | - | 12.21 | ||
| - | - | 63.6% | ||
| -7.4% | -12.6% | 4.8% | ||
| -0.24 | -1.63 | 11.95 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Tangible fixed assets | - | - | €1.0m |
| €13,817 | €13,817 | €30,820 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Insights on Mare Projects
The operating result for 2024 is a loss of €21,274, smaller than the loss of €56,903 in 2023.
Equity is negative. Debt (€782,529) exceeds the balance-sheet total (€702,151).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 10-06-2021
term without a fixed end
also on the board of 3 other companies
listed in the 2024 annual accounts, filed on 29-09-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 10-06-2021
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 10-06-2021, still in office
Control
Founders
, ,
and 1 other
This company
Mare Projects
Equity -€80,377
Loss €51,921 in 2024
Capital
- Contribution
- €20,000
- Source
- deed of 10-06-2021
Articles of association
deed of 10-06-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 10:00
Shareholders
At incorporation
deed of 10-06-2021 ↗
- 25 shares · €5,000 in cash
- 50 shares · €5,000 in cash
- 25 shares · €5,000 in cash
- 50 shares · €5,000 in cash
Network & group
No group
Mare Projects has no parent and no holdings in its annual accounts. is the only director.
At the same address
Guido Gezelleplein 1, 8620 Nieuwpoort · 5 other companies| GROUP PATTYN
registered office since 12-03-1990 · founded in 1990 |
total assets €1.8m (2025) 0439.970.422 |
| IMMO PADIVA
registered office since 05-01-2021 · founded in 2021 · negative equity (2025) |
total assets €1.2m (2025) 0760.850.380 |
| NEWPORT PROJECTS
registered office since 21-03-2019 · founded in 2019 · accounts filed late |
total assets €616,766 (2024) 0723.426.097 |
| BEMA-PROJECTS
registered office since 23-08-2018 · founded in 2018 |
total assets €186,768 (2025) 0701.690.476 |
| Equinox
registered office since 01-07-2024 |
founded in 2024 1014.860.718 |
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director (not named in the articles) · deed of 23-10-2023
Founded in 2019 · total assets €616,766 (2024) · accounts filed late
via · Director (not named in the articles) · deed of 19-11-2021
Founded in 2021 · total assets €284,098 (2025) · negative equity
via · Permanent representative · deed of 09-12-2024
Founded in 1990 · total assets €1.8m (2025)
Timeline
Timeline
8 events since 2021Filings
Financial
Permits
Establishments
202220242026
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0769476353
Annual accounts 2024 filed PDFmicro format · 60 days late
2024
Annual accounts 2023 filed PDFmicro format · 14 days late
2023
Weakest financial year net -€83,374 The net result drops to -€83,374, the lowest from 2022 to 2024. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 30 days late
2022
Environmental permit refused Slopen van niet vrijstaande gebouwen of constructies · Middelkerke
2021
IncorporationFounding capital of €20,000 · Founders: , , and 1 other · Appointment: (director) · published on 10-06-20218 points ▸
- Founder,
- Founder,
- Founder,
- Founder,
- Capital contribution, €5,000, mentioned 4 times in the deed
- Founding capital, €20,000
- Director appointment, (director (not named in the articles))
- Power of attorney,
First establishment Guido Gezelleplein 1, Nieuwpoort
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0769.476.353
- VAT number
- BE 0769.476.353
- Peppol ID
- 0208:0769476353
- Other Peppol ID
- 9925:BE0769476353
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-06-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 10:00deed of 10-06-2021 (in Dutch)
- Peppol
- Reachable since 11-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Mare Projects in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 10-06-2021 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Mare Projectsdeed of 10-06-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Guido Gezelleplein 1, 8620 Nieuwpoort”deed of 10-06-2021 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
41202
Construction of residential and non-residential buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Patrimoniumvennootschap; Handel in eigen onroerend goed; Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief…”deed of 10-06-2021 (in Dutch)
14 activities
- Patrimoniumvennootschap
- Handel in eigen onroerend goed
- Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief sociale woningen
- Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed,exclusief terreinen
- Bouwpromotor
- Ontwikkeling van residentiële en niet-residentiële bouwprojecten.
- Het beheer van roerende en onroerende goederen,zowel voor eigen rekening als voor rekening van derden;alle beheersdaden in verband met roerende en onroerende goederen en alle bijkomende verrichtingen die ermede in betrekking staan;de vennootschap zal met name alle onroerende goederen kunnen huren,verhuren,alle verrichtingen inzake investeringen en financieringen kunnen doen en alle verbouwingen,herstellingen en omvormingen kunnen uitvoeren in het kader van haar beheersfunctie.
- De promotie van gebouwen,waaronder huizen,flatgebouwen,villa’s,industriële en nijverheidsgebouwen door middel van aankoop,verkoop,constructie,verpachting,uitbating en beheer van onroerende goederen en immobiliaire operaties van om het even welke aard en ermede verband houdende handelingen en projectontwikkelingen,evenals de studie,organisatie en alle handelingen als raadgevend bureau inzake financiële en fiscale operaties en de ermede verband houdende handels-,boekhoudkundige en sociale operaties.
- De aan-en verkoop,de ruiling,de commissie,het in verhuur of in erfpacht nemen,het verkrijgen van een recht van opstal of vruchtgebruik of enig ander zakelijk recht,de huur,het bouwen,de uitbating,het valoriseren,de verdeling,het beheer van alle onroerende goederen van welke aard ook.
- De samenstelling en het beheer van een onroerend vermogen en de huurfinanciering en leasing van onroerende goederen,het verwerven door aankoop of anderszins,het verkopen,het ruilen,het bouwen,het afbreken,het verbouwen,het verbeteren,het in stand houden,het uitrusten,het inrichten,het aanpassen,het verfraaien,het onderhouden,het herstellen,het valoriseren,het ontwikkelen,het verhuren,het laten gebruiken op alle mogelijke wijzen,het huren,het beheren,het verkavelen,het prospecteren en het uitbaten van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met deze activiteiten in verband staan en die van aard zijn de uitbreiding en de opbrengst van de onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- Het beheren van beleggingen en vermogens en alle verdere verhandelingen in onroerende goederen welke onder meer omvat:de verwerving,de vervreemding,het beheer,de uitbating,de valorisatie,de verkaveling,de huur en verhuur,het doen bouwen en verbouwen,de procuratie.
- De participatie onder welke vorm ook,in de oprichting,de ontwikkeling,de omvorming en controle van alle ondernemingen,commerciële,financiële,industriële of andere.
- De verwerving van eender welke titels of rechten door middel van participatie,inbreng,overschrijving,koop,aankoopoptie,verhandeling of iedere andere wijze.
- De vennootschap mag zich borg stellen en onroerende goederen in pand geven of hypothekeren voor verbintenissen door derde personen aangegaan.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Guido Gezelleplein 1 registered office 8620 Nieuwpoort 64210 Activities of holding companies | 08-06-2021 | 2.320.386.587 |
Buildings and parcels at the address
- Ground area
- 1,507 m²
- Buildings
- 372 m²
- Volume, LiDAR
- 1,969 m³
- Tallest building
- 10.7 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2022 · 1 refused| 18-10-2022 | Refused | Slopen van niet vrijstaande gebouwen of constructies submitted 25-08-2022 · project 2022113961 | Middelkerke |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 38402D0472/00Y009 | 1,507 m² | 1 · 372 m² | 10.7 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0769.476.353