MAREHILL
ActiveMAREHILL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.27M and a net result of €238k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 2252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-2
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 7.12 against 5.33 in 2024), and 35.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
64.8%
Return on assets
6.8%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 25-03-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
24 d early
2023
6 d early
2022
2 d early
2021
3 d early
2020
on the day
2018
41 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close12-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.27M▲ 11.6%
2024 · €2.03M
2018: €858k
2020: €931k
2021: €1.14M
2022: €1.59M
2023: €1.81M
2024: €2.03M
2018 → 2025
Total assets
€3.50M▲ 5.3%
2024 · €3.33M
2018: €1.78M
2020: €2.57M
2021: €4.46M
2022: €4.09M
2023: €3.18M
2024: €3.33M
2018 → 2025
Net result
€238k▲ 8.7%
2024 · €219k
2018: €196k
2020: €73k
2021: €206k
2022: €453k
2023: €225k
2024: €219k
2018 → 2025
Working capital
€975k▲ 31.4%
2024 · €742k
2018: €-348k
2020: €-1.56M
2021: €-537k
2022: €422k
2023: €501k
2024: €742k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.14M-€1.59M▲ 39.8%€1.81M▲ 14.2%€2.03M▲ 12.0%€2.27M▲ 11.6%
Operating result€360k-€713k▲ 98.0%€377k▼ 47.1%€390k▲ 3.4%€419k▲ 7.4%
Net result€206k-€453k▲ 120%€225k▼ 50.3%€219k▼ 2.9%€238k▲ 8.7%
Turnover and EBIT margin not published: the abbreviated 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 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.50M
Fixed assets
€2.37M▼ 1.8%
Current assets
€1.13M▲ 24.1%
Equity and liabilities €3.50M
Equity
€2.27M▲ 11.6%
Debt
€1.23M▼ 4.6%
The debt ratio falls from 38.9% to 35.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€487k▲
2024 · €454k
Cash flow
€306k▲
2024 · €283k
Solvency
64.8%▲
2024 · 61.1%
Current ratio
7.12▲
2024 · 5.33
Quick ratio
7.12▲
2024 · 5.33
Debt / equity
0.54▼
2024 · 0.64
ROE
10.5%▼
2024 · 10.8%
ROA
6.8%▲
2024 · 6.6%
Interest coverage
6.45▲
2024 · 6.02
Debt
€1.23M▼
2024 · €1.29M
Debt ≤ 1 year
€159k▼
2024 · €171k
Debt > 1 year
€1.00M▼
2024 · €1.05M
Income taxes
€106k▲
2024 · €96k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.33M€3.50M▲
Fixed assets21/28€2.41M€2.37M▼
Tangible fixed assets22/27€2.41M€2.37M▼
Land and buildings22€2.17M€2.13M▼
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€17k€13k▼
Other tangible fixed assets26€217k€213k▼
Current assets29/58€913k€1.13M▲
Amounts receivable within one year40/41€207k€129k▼
Trade receivables40€0€45k▲
Other amounts receivable41€207k€84k▼
Cash at bank and in hand54/58€704k€1.00M▲
Deferred charges and accrued income490/1€3k€749▼
Equity and liabilities
Total equity and liabilities10/49€3.33M€3.50M▲
Equity10/15€2.03M€2.27M▲
Contributions10/11€397k€397k=
Reserves13€1.64M€1.87M▲
Tax-exempt reserves132€196k€196k=
Distributable reserves133€1.44M€1.68M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.29M€1.23M▼
Amounts payable after more than one year17€1.05M€1.00M▼
Financial debts170/4€51k€0▼
Other amounts payable178/9€1.00M€1.00M=
Amounts payable within one year42/48€171k€159k▼
Current portion of amounts payable after more than one year42€60k€51k▼
Financial debts43€44k€0▼
Credit institutions430/8€44k€0▼
Trade debts44€12k€13k▲
Suppliers440/4€12k€13k▲
Taxes, remuneration and social security45€8k€53k▲
Taxes450/3€8k€53k▲
Other amounts payable47/48€47k€43k▼
Accrued charges and deferred income492/3€72k€76k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€68k▲
Other operating charges640/8€8k€25k▲
Gross operating margin9900€462k€512k▲
Operating profit (loss)9901€390k€419k▲
Financial income75/76B€45€121▲
Recurring financial income75€45€121▲
Financial charges65/66B€76k€75k▼
Recurring financial charges65€76k€75k▼
Profit (loss) for the period before taxes9903€314k€343k▲
Income taxes67/77€96k€106k▲
Profit (loss) for the period9904€219k€238k▲
Profit (loss) for the period to be appropriated9905€219k€238k▲
Appropriation of the result
Profit (loss) to be appropriated9906€219k€238k▲
Transfer from equity791/2-€2k
Transfer to equity691/2€219k€238k▲
To other reserves6921€219k€238k▲
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
Financial
Equity above €2MEq €2.03M ▲12%
6 profitable years in a row build equity to €2.03M.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
Financial
Liquidity triplescurrent ratio 3.43
Current ratio from 1.37 to 3.43; short-term debt falls from €1.15M to €206k.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
Financial
Highest result since 2018net €453k ▲120%
Operating result €713k, net result €453k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
Financial
Equity above €1MEq €1.14M ▲22.1%
3 profitable years in a row build equity to €1.14M.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
Financial
Weakest financial yearnet €73k ▼62.5%
Net result drops to €73k, the lowest in the series; recovery starts the following year.
2019
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Knokke-Heist · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jan Devischstraat 688300 Knokke-HeistGround area
237 m²
Building footprint
118 m²
Volume, LiDAR
526 m³
Parcel 31333H0727/00T000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Jan Devischstraat 68, 8300 Knokke-Heist
since 20042.136.779.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333H0727/00T000 | Flanders | 237 m² | 1 · 118 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,420 companies in sector 82990 we hold annual accounts for 9,359. 2,996 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2004
Fiscal year end31-08
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.