Checked.be
Active
BE 0475.936.933Dienstverlenende vereniging (Vlaams Gewest)
MAREC
Maasdijk (Oph) 1 ·3640 Kinrooi, Belgium· 24 yrs active
Sector: NACE 93299
(93299)
Conclusion
For the legal form of MAREC, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €2.59M and a net result of €380k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 260 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €2.59M |
| Net result | €380k |
| Staff (FTE) | 9.8 |
| Better than sector | 68% |
Snowflake analysis
88
/ 100
Exceptional profile, strong across almost every axis.
Health
94
Profitability
91
Solvency
87
Growth
69
Stability
100
Bankruptcy probability (12 mo)
For this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2001, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
No administrative flags
Health barometer
94
/ 100
Excellent
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 07-07-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~25.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 93 · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.2% | 22.3% | |
| Net result | €380k | €7k | |
| Equity | €2.59M | €29k | |
| Staff costs | €782k | €65k | |
| Employees (FTE) | 9.8 | 7.4 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€2.43M
+0.8%
18-25
€792k
-26.7%
far above sector median
€380k
-37.4%
far above sector median
€706k
-24.2%
far above sector median
€6.14M
+4.9%
far above sector median
€2.59M
+15.5%
far above sector median
€1.48M
+37.6%
far above sector median
10
+88.5%
+161% vs sector
€782k
+72.7%
far above sector median
€130k
-31.3%
far above sector median
€3.34M
-1.4%
far above sector median
€898k
+15.2%
far above sector median
€2.24M
-6.9%
far above sector median
2.65
+11.3%
+115% vs sector
2.65
+11.3%
+117% vs sector
42.2%
+10.1%
+153% vs sector
1.29
-14.7%
-74% vs sector
14.7%
-45.8%
+200% vs sector
6.2%
-40.4%
far above sector median
15.6%
-37.9%
18-25
32.6%
-27.3%
18-25
50.11
-21.7%
far above sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €2.43M |
| EBITDA | €792k |
| Net profit | €380k |
| Cash flow | €706k |
| Staff costs | €782k |
| Income taxes | €130k |
| Dividends | - |
| Total assets | €6.14M |
| Equity | €2.59M |
| Debt | €3.34M |
| of which ≤ 1y | €898k |
| of which > 1y | €2.24M |
| Working capital | €1.48M |
| Employees (FTE) | 9.8 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 2.65 |
| Quick ratio | 2.65 |
| Working capital ratio | 24.1% |
| Solvency | 42.2% |
| Debt / equity | 1.29 |
| Long-term debt ratio | 0.86 |
| Interest coverage | 50.11 |
| Gross margin | 100.0% |
| Net margin | 15.6% |
| ROA | 6.2% |
| ROE | 14.7% |
| EBITDA margin | 32.6% |
| Days sales outstanding | 6d |
| Days payable outstanding | 36489d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.14M |
| Fixed assets | 21/28 | €3.76M |
| Tangible fixed assets | 22/27 | €3.76M |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €2.38M |
| Amounts receivable within one year | 40/41 | €91k |
| Investments | 50/53 | €1.40M |
| Cash & bank | 54/58 | €690k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.14M |
| Equity | 10/15 | €2.59M |
| Contributions / capital | 10/11 | €375k |
| Reserves | 13 | €750k |
| Accumulated profits (losses) | 14 | €822k |
| Provisions & deferred taxes | 16 | €215k |
| Amounts payable | 17/49 | €3.34M |
| Amounts payable after one year | 17 | €2.24M |
| Amounts payable within one year | 42/48 | €898k |
| Trade debts payable within one year | 44 | €106k |
| Income statement | ||
| Turnover | 70 | €2.43M |
| Operating result | 9901 | €466k |
| Financial income | 75 | €78k |
| Financial charges | 65 | €44k |
| Result before taxes | 9903 | €499k |
| Income taxes | 67/77 | €130k |
| Net result for the period | 9904 | €380k |
| Result to be appropriated | 9905 | €380k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | 93299 |
| Legal form | Dienstverlenende vereniging (Vlaams Gewest)(416) |
| Incorporation | 24-10-2001 |
| Status | Active |
| Postal code | 3640 |
Establishment units
Kantoor 't Tegelhuisje
since 20012.164.090.883
Jachthaven De Spaanjerd
since 20012.164.092.368
Jachthaven Heerenlaak
since 20012.164.093.061
Loods De Spaanjerd
since 20202.314.915.490
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72026A1356/00F000 | Flanders | 1.2 ha | 1 · 1,592 m² | 0.1 m |
| 72026A0200/00K000 | Flanders | 1,999 m² | 1 · 593 m² | - |
| 72021B0883/00L000 | Flanders | 735 m² | 1 · 183 m² | 5.6 m · 1 fl. |
| 72026A0933/02C000 | Flanders | 128 m² | - | - |
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
07-07-2026
NBB filing
Annual accounts filed
2025
23-07-2025
State Gazette act
Director changes
09-07-2025
NBB filing
Annual accounts filed
28-03-2025
State Gazette act
Director changes
2024
22-07-2024
NBB filing
Annual accounts filed
10-05-2024
State Gazette act
Statutes amendment
2023
13-07-2023
NBB filing
Annual accounts filed
2022
12-07-2022
State Gazette act
Director changes
08-07-2022
NBB filing
Annual accounts filed
2021
12-07-2021
NBB filing
Annual accounts filed
08-07-2021
State Gazette act
Director changes
2020
15-07-2020
NBB filing
Annual accounts filed
2019
21-11-2019
State Gazette act
Director changes
10-07-2019
State Gazette act
Director changes
08-07-2019
NBB filing
Annual accounts filed
15-04-2019
State Gazette act
Statutes amendment
2018
17-07-2018
NBB filing
Annual accounts filed
2017
24-07-2017
State Gazette act
Director changes
04-07-2017
NBB filing
Annual accounts filed
2016
19-07-2016
State Gazette act
Director changes
25-01-2016
State Gazette act
Director changes
2011
05-05-2011
State Gazette act
Director changes
2007
30-04-2007
State Gazette act
Director changes
Belgisch Staatsblad, acts
All acts · 13
updated 11 months ago
2025
23-07-2025 Carlo Dewitte appointed as commissarisrevisor
- Carlo Dewitte, Commissarisrevisor
Summary:
v3.2
Technical details
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}28-03-2025 8 directors appointed
- Robert Dirkx, Ondervoorzitter
- Daan Wetzels, Voorzitter
- Yentl Raemen, Stemgerechtigd lid van de raad van bestuur voor de gemeente kinrooi
- Wim Swennen, Stemgerechtigd lid van de raad van bestuur voor de gemeente kinrooi
- Hilde Vermeulen, Stemgerechtigd lid van de raad van bestuur voor de stad maaseik
- André Willen, Stemgerechtigd lid van de raad van bestuur voor de stad maaseik
- Esther Brands, Lid van de raad van bestuur met raadsgevende stem voor de gemeente kinrooi
- Johan Tollenare, Lid van de raad van bestuur met raadsgevende stem voor de stad maaseik
Summary:
v3.2
Technical details
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}2024
10-05-2024 Articles of association amended
Summary:
v3.2
Technical details
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}2022
12-07-2022 Carlo Dewitte appointed as commissarisrevisor
- Carlo Dewitte, Commissarisrevisor
Summary:
v3.2
Technical details
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}2021
08-07-2021 1 director appointed, 1 resigning
- GOOSSENS Frank, Raad van bestuur met raadgevende stem voor de stad maaseik
- RAETS Marcel, Raad van bestuur met raadgevende stem voor de stad maaseik
Summary:
v3.2
Technical details
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}2019
21-11-2019 Change in the board of directors
Summary:
v3.2
Technical details
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}10-07-2019 Carlo Dewitte appointed as commissarisrevisor
- Carlo Dewitte, Commissarisrevisor
Summary:
v3.2
Technical details
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"subject_company": {
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}15-04-2019 Articles of association amended
Summary:
v3.2
Technical details
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}2017
24-07-2017 1 director appointed, 1 resigning
- KEUREN Gilbert, Lid van de raad van bestuur met raadgevende stem voor de stad maaseik
- VANSTREELS Ludo, Lid van de raad van bestuur met raadgevende stem voor de stad maaseik
Summary:
v3.2
Technical details
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"person": {
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"name": "KEUREN Gilbert",
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}2016
19-07-2016 3 directors appointed, 2 resigning
- VANMONTFORT Sylvie, Stemgerechtigd lid van de raad van bestuur
- VERHEYDEN Pierre, Lid van de raad van bestuur met raadgevende stem
- Van Havermaet. Groenweghe Bedrijfsrevisoren, Commissarisrevisor
- TIELENS Jan, Stemgerechtigd lid van de raad van bestuur
- RUTTEN Wim, Lid van de raad van bestuur met raadgevende stem
Summary:
v3.2
Technical details
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},
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},
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},
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},
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}25-01-2016 1 director appointed, 1 resigning
- Adriaan Eronn, Commissaris
- Carlo Dewitte, Commissaris
Summary:
v3.2
Technical details
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}
}2011
05-05-2011 1 director appointed, 1 resigning
- Axel Erckens, Commissaris
- Jean Vanderhaegen, Commissaris
Summary:
v3.2
Technical details
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}2007
30-04-2007 10 directors appointed
- RIETJENS Jacobus Antonius, Stemgerechtigd lid van de raad van bestuur voor de gemeente kinrooi
- TIELENS Jan Petrus Thomas, Stemgerechtigd lid van de raad van bestuur voor de gemeente kinrooi
- WILLEN Albertus Hendrikus Joseph, Stemgerechtigd lid van de raad van bestuur voor de gemeente kinrooi
- FLAMANT Maria Philomena, Stemgerechtigd lid van de raad van bestuur voor de stad maaseik
- JANSSEN Madeleine Ghislane Renee, Stemgerechtigd lid van de raad van bestuur voor de stad maaseik
- RAETS Marcel Karel Elisabeth Ghislanus, Stemgerechtigd lid van de raad van bestuur voor de stad maaseik
- VLEESCHOUWERS Ivo Jean Annie, Lid van de raad van bestuur met raadgevende stem voor de gemeente kinrooi
- WILLEN André Theodoor Albert, Lid van de raad van bestuur met raadgevende stem voor de stad maaseik
Summary:
v3.2
Technical details
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"role": "stemgerechtigd lid van de Raad van Bestuur voor de Gemeente Kinrooi",
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"name": "RIETJENS Jacobus Antonius",
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},
{
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"person": {
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},
{
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"person": {
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}
},
{
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"role": "stemgerechtigd lid van de Raad van Bestuur voor de Stad Maaseik",
"person": {
"rrn": null,
"name": "FLAMANT Maria Philomena",
"address": null,
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}
},
{
"kind": "director_in",
"role": "stemgerechtigd lid van de Raad van Bestuur voor de Stad Maaseik",
"person": {
"rrn": null,
"name": "JANSSEN Madeleine Ghislane Renee",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "stemgerechtigd lid van de Raad van Bestuur voor de Stad Maaseik",
"person": {
"rrn": null,
"name": "RAETS Marcel Karel Elisabeth Ghislanus",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "lid van de Raad van Bestuur met raadgevende stem voor de Gemeente Kinrooi",
"person": {
"rrn": null,
"name": "VLEESCHOUWERS Ivo Jean Annie",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "lid van de Raad van Bestuur met raadgevende stem voor de Stad Maaseik",
"person": {
"rrn": null,
"name": "WILLEN Andr\u00E9 Theodoor Albert",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "Voorzitter van de Raad van Bestuur",
"person": {
"rrn": null,
"name": "RAETS Marcel Karel Elisabeth Ghislanus",
"address": null,
"birth_date": null
}
},
{
"kind": "director_in",
"role": "Ondervoorzitter van de Raad van Bestuur",
"person": {
"rrn": null,
"name": "WILLEN Albertus Hendrikus Joseph",
"address": null,
"birth_date": null
}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0475.936.933",
"name_full": "MAREC"
}
}Credit advice
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Company registry (CBE)
Activities
Exploitatie van sportaccommodaties93110Exploitatie van sportaccommodaties93110Overige recreatie- en ontspanningsactiviteiten, n.e.g.93299Overige recreatie- en ontspanningsactiviteiten, neg93299Personenvervoer over binnenwateren50300Personenvervoer over binnenwateren50300Kampeerterreinen en kampeerauto- en caravanterreinen55300Kampeer- en caravanterreinen55300Binnenvaart61200Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van terreinen68204Verhuur en exploitatie van terreinen68204
Primary activity highlighted.
Names & trade names
| Legal nameNL | MAREC |
Registered office
Maasdijk (Oph) 1 bus 3
3640 Kinrooi, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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