Summary
MAREA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5,000 and a net result of €97,363. Equity is growing by ~55% per year across the filed fiscal years. Its solvency ranks better than 9% of 8091 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8091 sector peers (2025).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 9%
← weakest
strongest →
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 15-04-2026, 107 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
107 d early
2024
106 d early
2023
20 d early
2022
7 d late
2021
26 d early
2020
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 July (4 of the last 5 filed years within 80 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€5,000▼ 95.0%
2024 · €100,079
Net result
€97,363▲ 203%
2024 · €32,110
Total assets
€475,194▲ 25.2%
2024 · €379,499
Solvency
1.1%▼ 25.3pp
2024 · 26.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,601▼ 42.7%€47,490▲ 619%€25,680▼ 45.9%€45,795▲ 78.3%€129,581▲ 183%
Net result€2,075below the sector's middle half▼ 75.5%€34,950within the sector's middle half▲ 1,584%€17,476within the sector's middle half▼ 50.0%€32,110within the sector's middle half▲ 83.7%€97,363above the sector's middle half▲ 203%
Equity€15,543below the sector's middle half▲ 15.4%€50,493within the sector's middle half▲ 225%€67,969within the sector's middle half▲ 34.6%€100,079within the sector's middle half▲ 47.2%€5,000below the sector's middle half▼ 95.0%
Total assets€335,450within the sector's middle half▼ 2.3%€363,263within the sector's middle half▲ 8.3%€365,276within the sector's middle half▲ 0.6%€379,499within the sector's middle half▲ 3.9%€475,194within the sector's middle half▲ 25.2%
Debt€319,907▼ 3.0%€312,770▼ 2.2%€297,307▼ 4.9%€279,420▼ 6.0%€470,194▲ 68.3%
Working capital-€33,451below the sector's middle half▼ 5.1%-€5,338within the sector's middle half▲ 84.0%€2,327within the sector's middle half€29,785within the sector's middle half▲ 1,180%-€70,462below the sector's middle half
Solvency4.6%below the sector's middle half▲ 0.7pp13.9%below the sector's middle half▲ 9.3pp18.6%below the sector's middle half▲ 4.7pp26.4%within the sector's middle half▲ 7.8pp1.1%below the sector's middle half▼ 25.3pp
Current ratio0.29below the sector's middle half▲ 0.010.90within the sector's middle half▲ 0.611.04within the sector's middle half▲ 0.141.64within the sector's middle half▲ 0.590.72below the sector's middle half▼ 0.92
Return on assets (ROA)0.6%below the sector's middle half▼ 1.8pp9.6%within the sector's middle half▲ 9.0pp4.8%within the sector's middle half▼ 4.8pp8.5%within the sector's middle half▲ 3.7pp20.5%within the sector's middle half▲ 12.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 183% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,194
Fixed assets
€294,027 ▼ 3.0%
Current assets
€181,166 ▲ 137%
Equity and liabilities €475,194
Equity
€5,000 ▼ 95.0%
Debt
€470,194 ▲ 68.3%
Debt's share of the balance-sheet total rises from 73.6% to 98.9%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€251,628▲
2024 · €46,626
Debt > 1 year
€216,833▼
2024 · €230,959
Income taxes
€27,300▲
2024 · €8,429
A ratio outside any meaningful range has been withheld (balance sheet total €475,194, equity €5,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,020 | €9,247 | €10,534 | €11,394 | €11,691 | ▲ 2.6% |
| Other operating charges640/8 | €1,057 | €1,072 | €1,578 | €1,323 | €1,426 | ▲ 7.8% |
| Gross operating margin9900 | €16,678 | €57,809 | €37,791 | €58,512 | €142,698 | ▲ 144% |
| Operating profit (loss)9901 | €6,601 | €47,490 | €25,680 | €45,795 | €129,581 | ▲ 183% |
| Financial income75/76B | €0 | - | €0 | €1 | €26 | ▲ 1,844% |
| Recurring financial income75 | €0 | - | €0 | €1 | €26 | ▲ 1,844% |
| Financial charges65/66B | €3,909 | €3,739 | €3,646 | €5,257 | €4,944 | ▼ 6.0% |
| Recurring financial charges65 | €3,909 | €3,739 | €3,646 | €5,257 | €4,944 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €2,692 | €43,750 | €22,034 | €40,539 | €124,663 | ▲ 208% |
| Income taxes67/77 | €617 | €8,800 | €4,558 | €8,429 | €27,300 | ▲ 224% |
| Profit (loss) for the period9904 | €2,075 | €34,950 | €17,476 | €32,110 | €97,363 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | €2,075 | €34,950 | €17,476 | €32,110 | €97,363 | ▲ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €335,450 | €363,263 | €365,276 | €379,499 | €475,194 | ▲ 25.2% |
| Fixed assets21/28 | €321,947 | €315,197 | €310,545 | €303,088 | €294,027 | ▼ 3.0% |
| Tangible fixed assets22/27 | €321,947 | €315,197 | €310,545 | €303,088 | €294,027 | ▼ 3.0% |
| Land and buildings22 | €321,947 | €312,927 | €307,971 | €297,956 | €287,941 | ▼ 3.4% |
| Furniture and vehicles24 | - | €2,270 | €1,668 | €4,227 | €5,181 | ▲ 22.6% |
| Other tangible fixed assets26 | - | - | €905 | €905 | €905 | = |
| Current assets29/58 | €13,502 | €48,065 | €54,731 | €76,410 | €181,166 | ▲ 137% |
| Amounts receivable within one year40/41 | - | €27,708 | €35,933 | €36,552 | €53,712 | ▲ 46.9% |
| Trade receivables40 | - | €27,708 | €32,951 | €30,000 | €50,000 | ▲ 66.7% |
| Other amounts receivable41 | - | - | €2,981 | €6,552 | €3,712 | ▼ 43.3% |
| Cash at bank and in hand54/58 | €13,226 | €19,655 | €18,180 | €38,818 | €126,446 | ▲ 226% |
| Deferred charges and accrued income490/1 | €276 | €703 | €618 | €1,040 | €1,009 | ▼ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €335,450 | €363,263 | €365,276 | €379,499 | €475,194 | ▲ 25.2% |
| Equity10/15 | €15,543 | €50,493 | €67,969 | €100,079 | €5,000 | ▼ 95.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €10,543 | €45,493 | €62,969 | €95,079 | €0 | ▼ 100% |
| Amounts payable17/49 | €319,907 | €312,770 | €297,307 | €279,420 | €470,194 | ▲ 68.3% |
| Amounts payable after more than one year17 | €272,254 | €258,667 | €244,903 | €230,959 | €216,833 | ▼ 6.1% |
| Financial debts170/4 | €272,254 | €258,667 | €244,903 | €230,959 | €216,833 | ▼ 6.1% |
| Amounts payable within one year42/48 | €46,953 | €53,403 | €52,404 | €46,626 | €251,628 | ▲ 440% |
| Current portion of amounts payable after more than one year42 | €13,412 | €13,587 | €13,764 | €13,944 | €14,126 | ▲ 1.3% |
| Trade debts44 | €1,562 | €1,767 | €247 | €1,558 | €4,855 | ▲ 212% |
| Suppliers440/4 | €1,562 | €1,767 | €247 | €1,558 | €4,855 | ▲ 212% |
| Taxes, remuneration and social security45 | €9,489 | €17,032 | €16,062 | €7,028 | €6,744 | ▼ 4.0% |
| Taxes450/3 | €6,559 | €14,077 | €13,028 | €4,048 | €3,745 | ▼ 7.5% |
| Remuneration and social security454/9 | €2,930 | €2,955 | €3,034 | €2,980 | €2,998 | ▲ 0.6% |
| Other amounts payable47/48 | €22,490 | €21,017 | €22,332 | €24,096 | €225,904 | ▲ 838% |
| Accrued charges and deferred income492/3 | €700 | €700 | €0 | €1,835 | €1,732 | ▼ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,075 | €34,950 | €17,476 | €32,110 | €97,363 | ▲ 203% |
| + Depreciation and write-downs630 | €9,020 | €9,247 | €10,534 | €11,394 | €11,691 | ▲ 2.6% |
| Operating cash flow (approximation) | €11,095 | €44,197 | €28,010 | €43,504 | €109,054 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€2,497 | -€5,881 | -€3,938 | -€2,630 | ▲ 33.2% |
| Change in cash | - | €6,429 | -€1,474 | €20,637 | €87,628 | ▲ 325% |
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
Next filing, fiscal year 2026, expected by
2026
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €97,363 ▲203%
Operating result €129,581, net result €97,363, both a record.
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €100,079 ▲47.2%
5 profitable years in a row build equity to €100,079.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2,075 ▼75.5%
Net result drops to €2,075, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Herentals · 1 establishment unit since 2019
Ground area
70 m²
Building footprint
112 m²
Volume, LiDAR
676 m³
Parcel 13302D0840/00D003, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAREA
since 20192.297.722.934
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0840/00D003 | Flanders | 69 m² | 1 · 112 m² | 12.8 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.
Similar companies · same sector, comparable size
DWM Enterprises
BE 0669.724.820
Nijlen · Eq €5,000
ELTEEJEE
BE 0726.963.332
Kapellen · Eq €5,000
ALLIES
BE 0729.540.859
Gent · Eq €5,000
STONEFISH
BE 0733.953.765
Kortrijk · Eq €5,000
CONSULTING K.F.
BE 0734.497.757
Oudenaarde · Eq €5,000
Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 3,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740461574
Also
9925:BE0740461574
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.