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 about 55% per year across the filed financial years. Its solvency ranks better than 9% of 9,736 sector peers (NACE 64, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €220,000turnover 2025, estimated
- Equity
- €5,000
- Profit
- €97,363
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence
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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9736 sector peers (2025).
NBB · sector comparisonPosition among 9736 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 days early
2024
106 days early
2023
20 days early
2022
7 days late
2021
26 days early
2020
53 days 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 (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 July (4 of the last 5 filed years within 80 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2020 to 2025net €97,363 ▲203%
- Appointment: Mattias Deboutte (director)Amendment of the articles ·…
Financials · financial year 2025, micro format
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
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€129,581
2025
Net result€97,363
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€475,194
2025
Equity€5,000
2025
Debt€470,194
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€70,462
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)20.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.72
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€11,516-€6,601▼ 42.7%€47,490▲ 619%€25,680▼ 45.9%€45,795▲ 78.3%€129,581▲ 183%
Net result€8,467within the sector's middle half-€2,075below the sector's middle half▼ 75.5%€34,950within the sector's middle half▲ 17×€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€13,467below the sector's middle half-€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€343,286within the sector's middle half-€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€329,819-€319,907▼ 3.0%€312,770▼ 2.2%€297,307▼ 4.9%€279,420▼ 6.0%€470,194▲ 68.3%
Working capital-€31,835within the sector's middle half--€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▲ 13×-€70,462below the sector's middle half
Solvency3.9%below the sector's middle half-4.6%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 ratio0.28below the sector's middle half-0.29below 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)2.5%within the sector's middle half-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 of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,283 | €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 | €19,297 | €16,678 | €57,809 | €37,791 | €58,512 | €142,698 | ▲ 144% |
| Operating profit (loss)9901 | €11,516 | €6,601 | €47,490 | €25,680 | €45,795 | €129,581 | ▲ 183% |
| Financial income75/76B | - | €0 | - | €0 | €1 | €26 | ▲ 19× |
| Recurring financial income75 | €5 | €0 | - | €0 | €1 | €26 | ▲ 19× |
| Financial charges65/66B | - | €3,909 | €3,739 | €3,646 | €5,257 | €4,944 | ▼ 6.0% |
| Recurring financial charges65 | €854 | €3,909 | €3,739 | €3,646 | €5,257 | €4,944 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €10,667 | €2,692 | €43,750 | €22,034 | €40,539 | €124,663 | ▲ 208% |
| Income taxes67/77 | €2,200 | €617 | €8,800 | €4,558 | €8,429 | €27,300 | ▲ 224% |
| Profit (loss) for the period9904 | €8,467 | €2,075 | €34,950 | €17,476 | €32,110 | €97,363 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | €8,467 | €2,075 | €34,950 | €17,476 | €32,110 | €97,363 | ▲ 203% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €343,286 | €335,450 | €363,263 | €365,276 | €379,499 | €475,194 | ▲ 25.2% |
| Fixed assets21/28 | €330,967 | €321,947 | €315,197 | €310,545 | €303,088 | €294,027 | ▼ 3.0% |
| Tangible fixed assets22/27 | €330,967 | €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 | €12,318 | €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 | €12,049 | €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 | €343,286 | €335,450 | €363,263 | €365,276 | €379,499 | €475,194 | ▲ 25.2% |
| Equity10/15 | €13,467 | €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 | €8,467 | €10,543 | €45,493 | €62,969 | €95,079 | €0 | ▼ 100% |
| Amounts payable17/49 | €329,819 | €319,907 | €312,770 | €297,307 | €279,420 | €470,194 | ▲ 68.3% |
| Amounts payable after more than one year17 | €285,665 | €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 | €44,153 | €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 | €1,566 | €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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,467 | €2,075 | €34,950 | €17,476 | €32,110 | €97,363 | ▲ 203% |
| + Depreciation and write-downs630 | €7,283 | €9,020 | €9,247 | €10,534 | €11,394 | €11,691 | ▲ 2.6% |
| Operating cash flow (approximation) | €15,750 | €11,095 | €44,197 | €28,010 | €43,504 | €109,054 | ▲ 151% |
| Investment in fixed assets (approximation) | - | €0 | -€2,497 | -€5,881 | -€3,938 | -€2,630 | ▲ 33.2% |
| Change in cash | - | €1,177 | €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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-04-2026 | 2026-00084209 |
| 31-12-2024 | micro format | 16-04-2025 | 2025-00072480 |
| 31-12-2023 | micro format | 11-07-2024 | 2024-00256519 |
| 31-12-2022 | micro format | 07-08-2023 | 2023-00322862 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20166397 |
| 31-12-2020 | micro format | 08-06-2021 | 2021-18300209 |
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Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,093. 3,425 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2025
Mattias Deboutte
CurrentDirector · since 01-07-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Mattias Deboutte |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
15-04
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Highest result from 2020 to 2025net €97,363 ▲203%
Operating result €129,581, net result €97,363, both a record.
01-07
Gazette deed
Appointment: Mattias Deboutte (director)Amendment of the articles · Purpose change4 facts ▸
Gazette deed
Appointment: Mattias Deboutte (director)
Amendment of the articles · Purpose change4 facts ▸
- General meeting, 12-06-2025
- Amendment of the articles
- Director appointment, Mattias Deboutte (director)
- Purpose change
16-04
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Equity above €100,000equity €100,079 ▲47.2%
A profit in every financial year since 2020 builds equity to €100,079.
11-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
07-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 7 days late
2022
05-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
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
financial year 2020 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded24-12-2019
Financial 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 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2019
Ground area
70 m²
Building footprint
112 m²
Building volume
676 m³
Parcel 13302D0840/00D003, Flanders · tallest building 12.8 m. Linked by address, not a title deed.
1 establishment unit
MAREA
since 2019unit no. 2.297.722.934
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13302D0840/00D003 | Flanders | 69 m² | 1 · 112 m² | 12.8 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “4. Wijziging van de datum van de gewone algemene vergadering: deze zal voortaan plaatsgrijpen op de laatste zaterdag van de maand juni om 17…” (deed in Dutch)
Read from the deeds: 1 provision, deed of 01-07-2025