MARECHIARO
ActiveSummary
MARECHIARO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-4k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 82% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▼-36
Solvency93▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 2.26 in 2024; short-term debt: 31.7% and cash: 53.2% of total assets), and 31.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.3%
Return on assets
-6.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
5 d early
2022
65 d late
2021
45 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k▼ 60.4%
2024 · €-2k
Working capital
€27k▼ 14.4%
2024 · €31k
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€5k€4k▼ 25.3%€22k▲ 492%€13k▼ 42.5%€-2k
Net result€1k€5k▲ 379%€13k▲ 151%€-2k€-4k▼ 60.4%
Equity€29k▲ 3.8%€34k▲ 17.7%€47k▲ 37.8%€45k▼ 5.3%€41k▼ 9.0%
Total assets€94k▲ 43.2%€74k▼ 20.4%€78k▲ 4.8%€73k▼ 6.8%€60k▼ 17.9%
Debt€42k▲ 13.7%€40k▼ 5.4%€31k▼ 23.4%€28k▼ 9.2%€19k▼ 32.2%
Working capital€45k▲ 159%€23k▼ 49.4%€36k▲ 54.9%€31k▼ 12.2%€27k▼ 14.4%
Staff (FTE)1.9▲ 171%2.2▲ 15.8%2.4▲ 9.1%2.5▲ 4.2%3.3▲ 32.0%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60k
Fixed assets
€14k ▼ 15.8%
Current assets
€46k ▼ 18.5%
Equity and liabilities €60k
Equity
€41k ▼ 9.0%
Debt
€19k ▼ 32.2%
Debt's share of the balance-sheet total falls from 38.4% to 31.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €16k
Cash flow
€-382▼
2024 · €896
Current ratio
2.41▲
2024 · 2.26
Quick ratio
2.08▲
2024 · 2.01
Debt to equity
0.46▼
2024 · 0.62
ROE
-9.8%▼
2024 · -5.6%
ROA
-6.7%▼
2024 · -3.4%
Interest coverage
-25.84▼
2024 · 5.06
Debt ≤ 1 year
€19k▼
2024 · €25k
Income taxes
€2k▼
2024 · €12k
Staff costs
€35k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12k | €19k | €28k | €31k | €35k | ▲ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €3k | €3k | €3k | €4k | ▲ 6.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-22k | - | - | - | - |
| Other operating charges640/8 | €588 | €767 | €1k | €627 | €1k | ▲ 69.0% |
| Non-recurring operating charges66A | €22k | - | - | - | - | - |
| Gross operating margin9900 | €48k | €5k | €54k | €48k | €38k | ▼ 20.7% |
| Operating profit (loss)9901 | €5k | €4k | €22k | €13k | €-2k | ▼ 116% |
| Financial income75/76B | €12 | €45 | €3 | €0 | €3 | ▲ 2,964% |
| Recurring financial income75 | €12 | €45 | €3 | €0 | €3 | ▲ 2,964% |
| Financial charges65/66B | €2k | €3k | €3k | €3k | €-61 | ▼ 102% |
| Recurring financial charges65 | €2k | €3k | €3k | €3k | €-61 | ▼ 102% |
| Profit (loss) for the period before taxes9903 | €3k | €1k | €19k | €10k | €-2k | ▼ 121% |
| Income taxes67/77 | €2k | €-4k | €6k | €12k | €2k | ▼ 83.2% |
| Profit (loss) for the period9904 | €1k | €5k | €13k | €-2k | €-4k | ▼ 60.4% |
| Profit (loss) for the period to be appropriated9905 | €1k | €5k | €13k | €-2k | €-4k | ▼ 60.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94k | €74k | €78k | €73k | €60k | ▼ 17.9% |
| Fixed assets21/28 | €20k | €22k | €18k | €17k | €14k | ▼ 15.8% |
| Tangible fixed assets22/27 | €19k | €22k | €18k | €16k | €14k | ▼ 16.0% |
| Plant, machinery and equipment23 | €19k | €20k | €17k | €16k | €13k | ▼ 14.9% |
| Furniture and vehicles24 | - | €1k | €922 | €638 | €354 | ▼ 44.6% |
| Financial fixed assets28 | €238 | €238 | €238 | €238 | €238 | = |
| Current assets29/58 | €74k | €53k | €60k | €56k | €46k | ▼ 18.5% |
| Stocks and contracts in progress3 | €8k | €9k | €7k | €6k | €6k | ▼ 0.8% |
| Stocks30/36 | €8k | €9k | €7k | €6k | €6k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €21k | €13k | €11k | €956 | €7k | ▲ 600% |
| Trade receivables40 | €17k | €8k | €6k | €956 | €4k | ▲ 295% |
| Other amounts receivable41 | €3k | €5k | €5k | - | €3k | - |
| Cash at bank and in hand54/58 | €45k | €29k | €40k | €48k | €32k | ▼ 34.0% |
| Deferred charges and accrued income490/1 | €497 | €653 | €753 | €659 | €928 | ▲ 40.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94k | €74k | €78k | €73k | €60k | ▼ 17.9% |
| Equity10/15 | €29k | €34k | €47k | €45k | €41k | ▼ 9.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €9k | €14k | €27k | €24k | €20k | ▼ 16.5% |
| Provisions and deferred taxes16 | €22k | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €22k | - | - | - | - | - |
| Major repairs and maintenance162 | €22k | - | - | - | - | - |
| Amounts payable17/49 | €42k | €40k | €31k | €28k | €19k | ▼ 32.2% |
| Amounts payable after more than one year17 | €14k | €10k | €7k | €3k | - | - |
| Financial debts170/4 | €14k | €10k | €7k | €3k | - | - |
| Amounts payable within one year42/48 | €28k | €30k | €24k | €25k | €19k | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | €4k | €5k | €5k | €5k | €6k | ▲ 13.4% |
| Trade debts44 | €3k | €12k | - | - | - | - |
| Suppliers440/4 | €3k | €12k | - | - | - | - |
| Taxes, remuneration and social security45 | €4k | €7k | €11k | €13k | €6k | ▼ 50.5% |
| Taxes450/3 | €336 | €1k | €5k | €4k | €2k | ▼ 35.2% |
| Remuneration and social security454/9 | €3k | €5k | €7k | €9k | €4k | ▼ 56.7% |
| Other amounts payable47/48 | €18k | €6k | €7k | €7k | €6k | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €5k | €13k | €-2k | €-4k | ▼ 60.4% |
| + Depreciation and write-downs630 | €8k | €3k | €3k | €3k | €4k | ▲ 6.9% |
| Operating cash flow (approximation) | €9k | €8k | €16k | €896 | €-382 | ▼ 143% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-2k | €-1k | ▲ 35.4% |
| Change in cash | - | €-15k | €11k | €8k | €-16k | ▼ 312% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 100 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Grimbergen · 1 establishment unit since 2005
Ground area
353 m²
Building footprint
252 m²
Volume, LiDAR
1,694 m³
Parcel 23084A0238/00L000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Amandsplein 27, 1853 Grimbergen
since 20052.146.824.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0238/00L000 | Flanders | 353 m² | 1 · 252 m² | 11.5 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrimbergen2.146.824.091
Dual-learning approval
1 live approval · 1 endedRestaurant en keuken duaal (so)
Show 1 ended approval
Kelner (so)
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,727 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
Founded28-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.