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MAREEN

Active
Private limited company (pre-2019)founded 1989active for 37 yearsWannegatstraat 84, 9890 Gavere, BelgiumKBO/BCE: BE 0438.191.263

From the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The annual accounts of MAREEN for financial year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €22,804 and a net result of -€35,973. Equity has been shrinking by about 8.5% per year since 2018. Its solvency ranks better than 11% of 2,072 sector peers (NACE 01, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 18-08-1989 Normal situation
Activity
Mixed farming NACE 01500and 1 other
Establishment unit
2.045.730.394 9890 Gavere, since 16-11-1989
Financial year end
31 December
Peppol
Reachable since 18-12-2025

Board and ownership

Board
  • Mareen PatrickDirector · since 18-08-1989
Shareholders

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€101,304
▼ 31.1%
Turnover
≈ €280,000
estimated
Loss
€35,973
▼ 41.0%
Equity
€22,804
▼ 61.2%
Total assets
€672,739
▼ 9.9%
Staff
1.2 FTE
▼ 45.5%
Filed on 27-07-2026, 4 days before the deadlineat the National Bank
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearEquity €22,804 (3.4% of total assets)Loss of €35,973, the second in a row (financial year 2025)lowers riskSize: 1.2 FTE, total assets €672,739Founded in 1989Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 17% of micro companies in crop and animal production (NACE 01)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 28-5
equity 3.4% of total assets
Liquidity 17-2
short-term debt 66.8% · cash 2.0%
Profitability 57+20
return on assets -5.3%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,697 companies, NACE 01, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.4%▼ -0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.4%▼ -0.6 percentage points vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.63 (0.63 in 2024), below 1. Short-term debt is 66.8% and cash 2% of total assets. 96.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 01, micro). It does better than 18% of them on solvency, 14% on liquidity, 29% on profitability and 7% 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: 1.2 FTE, total assets €672,739
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €22,804 (3.4% of total assets)
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 the company's profile.
KBO
raises risk · Loss of €35,973, the second in a row (financial year 2025)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€35,973
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 2072 sector peers (2025).
NBB · sector comparison
Position among 2072 sector peers
Solvency
better than 11%
← weakest strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
9 days early
2023
on the day
2022
3 days early
2021
19 days early
2020
32 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€35,973 View
  • Caution: Lower solvency than 89% of companies in crop and animal productionsector median 40.7% · 2,072 companies 3.4% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Comparable companies

These companies have the same main activity as MAREEN: mixed farming (NACE 01500). They are comparable in size and age: total assets between €291,000 and €1.6m, founded between 1977 and 1999.

CompanyTotal assetsGross margin
MAREEN Gavere€0.7m€0.1m
DAGE Braine-l'Alleud€0.8m€0.1m
BERVICHEESE Durbuy€0.5m€0.2m
FERME DES COUDRIERS Herve€0.5m€0.2m
Laurent - Philippart Freddy Vielsalm€1.0m€0.3m
H.F. BETAIL Neufchâteau€1.6m€0.2m
Kerstenburg Dentergem€0.3m€0.06m
Full comparison

Documents

Annual accounts at the NBB

All 36 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about MAREEN

What is the company number of MAREEN?
The company number of MAREEN is 0438.191.263. The VAT number is the same number with BE in front: BE 0438.191.263.
Where is MAREEN based?
The registered office is at Wannegatstraat 84, 9890 Gavere.Company details
What does MAREEN do?
According to the KBO register, the main activity is mixed farming (NACE 01500).
What is the legal form of MAREEN?
The legal form of MAREEN is Private limited company (pre-2019) (BVBA).
When was MAREEN founded?
MAREEN was founded on 18-08-1989.
Is MAREEN still active?
Yes, MAREEN is an active enterprise in the KBO register.
How many employees does MAREEN have?
MAREEN had an average of 1.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MAREEN?
The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €101,304 and 45 comparable companies (NACE 01). It probably lies between €190,000 and €410,000.
Is MAREEN profitable?
In financial year 2025, MAREEN made a loss of €35,973.
Where can I find the annual accounts of MAREEN?
MAREEN filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MAREEN due?
MAREEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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