MARECASA
ActiveSummary
MARECASA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,027 and a net result of €34,263. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency97▲+60
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.56 against 1.03 in 2024; short-term debt: 27.6% and cash: 77.3% of total assets), and 27.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.4%
Return on assets
68.9%
Age of the figures
9 mo
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 20-07-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
19 d early
2023
2 d early
2022
11 d late
2021
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,027▲ 1,942%
2024 · €1,764
Total assets
€49,764▲ 235%
2024 · €14,870
Net result
€34,263▲ 1,353%
2024 · €2,357
Working capital
€35,127▲ 9,863%
2024 · €353
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€430--€14-€2,190▼ 15,807%€2,686€46,158▲ 1,618%
Net result€163--€31-€2,225▼ 7,081%€2,357€34,263▲ 1,353%
Equity€1,663-€1,632▼ 1.9%-€593€1,764€36,027▲ 1,942%
Total assets€2,886-€3,790▲ 31.3%€2,367▼ 37.6%€14,870▲ 528%€49,764▲ 235%
Debt€1,223-€2,157▲ 76.4%€2,960▲ 37.2%€13,105▲ 343%€13,736▲ 4.8%
Working capital-€342-€200-€1,452€353€35,127▲ 9,863%
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 1,618% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49,764
Fixed assets
€900 ▼ 20.0%
Current assets
€48,863 ▲ 263%
Equity and liabilities €49,764
Equity
€36,027 ▲ 1,942%
Debt
€13,736 ▲ 4.8%
Debt's share of the balance-sheet total falls from 88.1% to 27.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46,669▲
2024 · €3,260
Cash flow
€34,774▲
2024 · €2,931
Current ratio
3.56▲
2024 · 1.03
Debt to equity
0.38▼
2024 · 7.43
ROE
95.1%▼
2024 · 133.6%
ROA
68.9%▲
2024 · 15.9%
Interest coverage
28.88▲
2024 · 12.39
Debt ≤ 1 year
€13,736▲
2024 · €13,105
Income taxes
€10,279▲
2024 · €66
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,150 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €859 | €573 | €573 | €573 | €512 | ▼ 10.8% |
| Other operating charges640/8 | €1,597 | €460 | €499 | €513 | €1,107 | ▲ 116% |
| Gross operating margin9900 | €2,887 | €1,019 | -€1,118 | €3,773 | €47,776 | ▲ 1,166% |
| Operating profit (loss)9901 | €430 | -€14 | -€2,190 | €2,686 | €46,158 | ▲ 1,618% |
| Financial charges65/66B | €43 | €17 | €35 | €263 | €1,616 | ▲ 514% |
| Recurring financial charges65 | €43 | €17 | €35 | €263 | €1,616 | ▲ 514% |
| Profit (loss) for the period before taxes9903 | €387 | -€31 | -€2,225 | €2,423 | €44,541 | ▲ 1,738% |
| Income taxes67/77 | €224 | - | - | €66 | €10,279 | ▲ 15,564% |
| Profit (loss) for the period9904 | €163 | -€31 | -€2,225 | €2,357 | €34,263 | ▲ 1,353% |
| Profit (loss) for the period to be appropriated9905 | €163 | -€31 | -€2,225 | €2,357 | €34,263 | ▲ 1,353% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,886 | €3,790 | €2,367 | €14,870 | €49,764 | ▲ 235% |
| Formation expenses20 | €2,005 | €1,432 | €859 | €286 | €0 | ▼ 100% |
| Fixed assets21/28 | - | - | - | €1,125 | €900 | ▼ 20.0% |
| Tangible fixed assets22/27 | - | - | - | €1,125 | €900 | ▼ 20.0% |
| Furniture and vehicles24 | - | - | - | €1,125 | €900 | ▼ 20.0% |
| Current assets29/58 | €881 | €2,357 | €1,507 | €13,458 | €48,863 | ▲ 263% |
| Amounts receivable within one year40/41 | €584 | €241 | €1,274 | €9,983 | €7,432 | ▼ 25.6% |
| Trade receivables40 | €540 | €225 | €1,113 | €9,983 | €5,990 | ▼ 40.0% |
| Other amounts receivable41 | €44 | €15 | €161 | €0 | €1,442 | - |
| Cash at bank and in hand54/58 | €159 | €1,961 | €72 | €399 | €38,450 | ▲ 9,545% |
| Deferred charges and accrued income490/1 | €139 | €156 | €161 | €3,077 | €2,981 | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,886 | €3,790 | €2,367 | €14,870 | €49,764 | ▲ 235% |
| Equity10/15 | €1,663 | €1,632 | -€593 | €1,764 | €36,027 | ▲ 1,942% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €163 | €132 | -€2,093 | €264 | €34,527 | ▲ 12,956% |
| Amounts payable17/49 | €1,223 | €2,157 | €2,960 | €13,105 | €13,736 | ▲ 4.8% |
| Amounts payable within one year42/48 | €1,223 | €2,157 | €2,960 | €13,105 | €13,736 | ▲ 4.8% |
| Trade debts44 | €596 | €112 | €115 | €3,900 | €2,796 | ▼ 28.3% |
| Suppliers440/4 | €596 | €112 | €115 | €3,900 | €2,796 | ▼ 28.3% |
| Taxes, remuneration and social security45 | €274 | €337 | €36 | €897 | €9,232 | ▲ 929% |
| Taxes450/3 | €274 | €337 | €36 | €897 | €6,947 | ▲ 674% |
| Remuneration and social security454/9 | - | - | - | - | €2,285 | - |
| Other amounts payable47/48 | €353 | €1,708 | €2,808 | €8,308 | €1,708 | ▼ 79.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €163 | -€31 | -€2,225 | €2,357 | €34,263 | ▲ 1,353% |
| + Depreciation and write-downs630 | €859 | €573 | €573 | €573 | €512 | ▼ 10.8% |
| Operating cash flow (approximation) | €1,023 | €542 | -€1,652 | €2,931 | €34,774 | ▲ 1,086% |
| Investment in fixed assets (approximation) | - | - | - | - | -€286 | - |
| Change in cash | - | €1,802 | -€1,889 | €327 | €38,051 | ▲ 11,549% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €34,263 ▲1,353%
Operating result €46,158, net result €34,263, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.56
Current ratio from 1.03 to 3.56.
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,357
Net result €2,357 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.51 to 1.03.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€2,225
Net result drops to -€2,225, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Koksijde · 1 establishment unit since 2020
Ground area
327 m²
Building footprint
100 m²
Parcel 38014E0765/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
MARECASA
since 20202.305.301.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014E0765/00P000 | Flanders | 327 m² | 1 · 100 m² | - |
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.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 4,577 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
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750820085
Also
9925:BE0750820085
Registered
31-10-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.