MAREBAT
Open bankruptcyA bankruptcy procedure is open for MAREBAT according to publications in the Belgian State Gazette; curator: Dirk DE MAESENEER. The 2024 annual accounts show negative equity (€-5k) and a net result of €-16k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€5k
Financials · fiscal year 2024, full schema
Turnover
€31k▼ 32.3%
2021 · €45k
2018: €98k
2019: €31k
2020: €27k
2021: €45k
2018 → 2022
EBIT margin
-69.6%▼ 121.2pp
2021 · 51.6%
2018: -16.7%
2019: -132.0%
2020: -71.9%
2021: 51.6%
2018 → 2022
Net result
€-16k▼ 3,622%
2023 · €-434
2018: €-14k
2019: €-46k
2020: €-14k
2021: €23k
2022: €-21k
2023: €-434
2018 → 2024
Working capital
€-35k▼ 164%
2023 · €-13k
2018: €43k
2019: €17k
2020: €8k
2021: €31k
2022: €12k
2023: €-13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€27k-€45k▲ 66.5%€31k▼ 32.3%
Equity€11k-€34k▲ 216%€12k▼ 63.5%€12k▼ 3.5%€-5k
Operating result€-19k-€23k€-21k€-278▲ 98.7%€-16k▼ 5,682%
Net result€-14k-€23k€-21k€-434▲ 98.0%€-16k▼ 3,622%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €278 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets
€30k▲ 18.8%
Current assets
€14k▼ 44.7%
Key figures and ratios
EBITDA
€-11k▼
2023 · €3k
Cash flow
€-11k▼
2023 · €3k
Solvency
-11.9%▼
2023 · 23.3%
Current ratio
0.29▼
2023 · 0.66
Quick ratio
0.29▼
2023 · 0.66
Debt / equity
-9.42▼
2023 · 3.29
ROE
307.8%▲
2023 · -3.7%
ROA
-36.6%▼
2023 · -0.9%
Interest coverage
-141.06▼
2023 · 18.77
Debt
€49k▲
2023 · €39k
Debt ≤ 1 year
€49k▲
2023 · €39k
Staff costs
€32k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€51k€44k▼
Fixed assets21/28€25k€30k▲
Intangible fixed assets21€12k€11k▼
Tangible fixed assets22/27€9k€15k▲
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€8k€12k▲
Financial fixed assets28€4k€4k▲
Current assets29/58€26k€14k▼
Amounts receivable within one year40/41€13k€6k▼
Trade receivables40€10k€391▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€51k€44k▼
Equity10/15€12k€-5k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-11k€-29k▼
Amounts payable17/49€39k€49k▲
Amounts payable within one year42/48€39k€49k▲
Current portion of amounts payable after more than one year42€1k€1k=
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45-€459
Taxes450/3-€459
Other amounts payable47/48€35k€39k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€783€2k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€9k€23k▲
Operating profit (loss)9901€-278€-16k▼
Financial charges65/66B€156€77▼
Recurring financial charges65€156€77▼
Profit (loss) for the period before taxes9903€-434€-16k▼
Profit (loss) for the period9904€-434€-16k▼
Profit (loss) for the period to be appropriated9905€-434€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-28k▼
Profit (loss) brought forward from the previous period14P€-11k€-11k▼
Transfer to equity691/2-€955
To other reserves6921-€955
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 224 days late
27-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MAREBAT BV EXCELSIOR- LAAN 10, 1930 ZAVENTEM · event 20-01-2026
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.74 to 4.11; short-term debt falls from €10k to €10k.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 54 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Zaventem · 1 establishment unit since 1992
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.
Excelsiorlaan 101930 ZaventemGround area
1.2 ha
Building footprint
3,187 m²
Volume, LiDAR
21,061 m³
2 parcels, Brussels, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OLD TIME CAFE
since 19922.055.875.408
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00V002 | Flanders | 1.2 ha | 1 · 3,085 m² | 12.5 m · 2 fl. |
| 21384D0087/00E009 | Brussels | 101 m² | 1 · 102 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
20-01-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.055.875.408
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 9,771 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-1992
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.