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MAREC

Active
Private limited companyfounded 1989active for 37 yearsTrou du Renard 3, 4671 Blégny, BelgiumKBO/BCE: BE 0436.806.935

From the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MAREC is 1.7% (moderate). The 2024 annual accounts show equity of €646,925 and a net result of -€62,027. Equity is growing by about 8.8% per year across the filed financial years. Its solvency ranks better than 61% of 15,439 sector peers (NACE 46, financial year 2024). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
MARECActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 20-02-1989 Normal situation
Legal form
Private limited company
Registered office
Trou du Renard 3, 4671 Blégny
Activity
Wholesale of information and communication equipment NACE 46500and 2 others
Establishment unit
2.043.345.283 4020 Liège, since 09-05-1989
Financial year end
31 December
Peppol
Reachable since 02-12-2025
Company details

Who decides

Board
Holdings
Shares in 4 companies including DELTA LG and LVMS
Board & ownership

How it is doing

55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.7%
Annual accounts 2024
Gross margin
€7,480
▼ 55.8%
Turnover
≈ €94,000
estimated
Loss
€62,027
Equity
€646,925
▼ 8.7%
Total assets
€1.2m
▼ 2.5%
2025 accounts not filed, 93 days past the deadline
Filed on 21-11-2025PDF
Financials
Why 55raises riskFigures for financial year 2024 (filed 28-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 113 days late; 2 of the last 3 lateLoss of €62,027 (financial year 2024)lowers riskFounded in 1989Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 40% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 78-4
equity 53.1% of total assets
Liquidity 51-5
short-term debt 10.8% · cash 0.9%
Profitability 12-38
return on assets -5.1%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.7%▲ +0.2 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.9%▲ +0.2 percentage points vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.8%▼ -0.1 percentage points vs 04-2026 06-2026: 0.7%▼ -0.1 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.5 percentage points vs 07-2026 09-2026: 1.2%● unchanged vs 08-2026 10-2026: 1.7%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €35,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 5.21, compared with 9.06 in 2023, above the usual 1.5; short-term debt: 10.8% and cash: 0.9% of total assets), and 46.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 60% on solvency, 54% on liquidity, 18% on profitability and 27% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 28-11-2025)
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 113 days late; 2 of the last 3 late
NBB · filings
raises risk · Loss of €62,027 (financial year 2024)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 113 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-11-2025, 113 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
113 days late
2023
65 days late
2022
30 days late
2021
153 days late
2020
152 days late
2019
90 days late
← 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 101 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Caution: From profit to loss in 2024after €482,802 in 2023 -€62,027 View
  • Caution: Among the weakest 5% on net resultsector median €4,936 · 15,421 companies -€62,027 View

Documents

Annual accounts at the NBB

All 35 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about MAREC

What is the company number of MAREC?
0436.806.935. In Belgium the VAT number is the company number with BE in front: BE 0436.806.935.
Where is MAREC based?
The registered office is at Trou du Renard 3, 4671 Blégny.Company details
What does MAREC do?
According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
What is the legal form of MAREC?
Private limited company (BV).
When was MAREC founded?
On 20-02-1989.
Is MAREC still active?
Yes, MAREC is an active enterprise in the KBO register.
What is the turnover of MAREC?
≈ €94,000 in financial year 2024. Estimated from the gross margin of €7,480: probably between €45,000 and €240,000, based on 216 comparable companies, NACE 46. A rough estimate.Financials
Is MAREC profitable?
In financial year 2024, MAREC made a loss of €62,027.
Where can I find the annual accounts of MAREC?
MAREC filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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