Public limited company · founded 1999 · 27 yrs activeIzegemsestraat 52A, 8800 Roeselare, BelgiumKBO/BCE: BE 0466.459.637
Summary
MAREL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €542,910. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 1012 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability100=
Solvency83▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.22 in 2024; short-term debt: 41.4% and cash: 3.4% of total assets), and 41.8% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 9 July 1999, MAREL was incorporated.1The registered office moved to Izegem in 2003 and to Rumbeke Izegemsestraat in 2010.23A capital increase in 2013 brought the capital to EUR 618,600.4Of the 3 current board members, LAMMAT has served longest, since 2015.5Total assets went from EUR 2.2 million in 2018 to EUR 2.1 million in 2025 and headcount from 16.8 to 17.2 full-time equivalents.6
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result€655,682above the sector's middle half▲ 17.0%€539,564above the sector's middle half▼ 17.7%€714,165above the sector's middle half▲ 32.4%€550,392above the sector's middle half▼ 22.9%€542,910above the sector's middle half▼ 1.4%
Equity€461,504within the sector's middle half▼ 6.2%€419,555within the sector's middle half▼ 9.1%€446,169within the sector's middle half▲ 6.3%€693,595within the sector's middle half▲ 55.5%€1.2mabove the sector's middle half▲ 72.8%
Total assets€1.8mwithin the sector's middle half▼ 5.6%€1.5mwithin the sector's middle half▼ 13.8%€1.6mwithin the sector's middle half▲ 7.1%€1.5mwithin the sector's middle half▼ 7.6%€2.1mwithin the sector's middle half▲ 37.4%
Working capital€418,908within the sector's middle half▼ 8.8%€370,276within the sector's middle half▼ 11.6%€144,803within the sector's middle half▼ 60.9%€178,984within the sector's middle half▲ 23.6%€810,252above the sector's middle half▲ 353%
Solvency26.2%within the sector's middle half▼ 0.2pp27.7%within the sector's middle half▲ 1.4pp27.5%within the sector's middle half▼ 0.2pp46.2%within the sector's middle half▲ 18.8pp58.2%within the sector's middle half▲ 11.9pp
Current ratio1.33within the sector's middle half▼ 0.021.35within the sector's middle half▲ 0.011.12within the sector's middle half▼ 0.221.22within the sector's middle half▲ 0.101.95within the sector's middle half▲ 0.73
Return on assets (ROA)37.3%above the sector's middle half▲ 7.2pp35.6%above the sector's middle half▼ 1.7pp44.0%above the sector's middle half▲ 8.4pp36.7%above the sector's middle half▼ 7.3pp26.3%above the sector's middle half▼ 10.3pp
Staff (FTE)14.3above the sector's middle half▼ 1.4%14.8above the sector's middle half▲ 3.5%15.1above the sector's middle half▲ 2.0%15above the sector's middle half▼ 0.7%17.2above the sector's middle half▲ 14.7%
abovewithinbelowthe middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
19.3%
80.7%
Fixed assets€397,365 ▼ 24.0%
Current assets€1.7m ▲ 70.2%
Equity and liabilities €2.1m
58.2%
41.8%
Equity€1.2m ▲ 72.8%
Debt€861,996 ▲ 6.9%
Debt's share of the balance-sheet total falls from 53.8% to 41.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€844,215▲
2024 · €755,970
Cash flow
€670,962▲
2024 · €662,327
Debt to equity
0.72▼
2024 · 1.16
ROE
45.3%▼
2024 · 79.4%
Interest coverage
95.66▼
2024 · 121.57
Debt ≤ 1 year
€852,996▲
2024 · €798,006
Income taxes
€192,600▲
2024 · €105,382
Staff costs
€1.5m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0.2%went bankrupt
4.7%stopped otherwise
95%still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
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%
1.7%
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 75% 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 20,129 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 57 lines
Balance sheetCode20242025
Assets
Total assets20/58€1.5m€2.1m▲
Fixed assets21/28€522,861€397,365▼
Intangible fixed assets21€101,606€91,360▼
Tangible fixed assets22/27€420,849€305,599▼
Furniture and vehicles24€420,849€305,599▼
Financial fixed assets28€406€406=
Current assets29/58€976,991€1.7m▲
Stocks and contracts in progress3€20,328€0▼
Contracts in progress37€20,328€0▼
Amounts receivable within one year40/41€733,638€1.6m▲
Trade receivables40€576,844€1.1m▲
Other amounts receivable41€156,794€448,173▲
Cash at bank and in hand54/58€169,430€69,977▼
Deferred charges and accrued income490/1€53,595€27,077▼
Equity and liabilities
Total equity and liabilities10/49€1.5m€2.1m▲
Equity10/15€693,595€1.2m▲
Contributions10/11€327,799€327,799=
Capital10€327,799€327,799=
Issued capital100€327,799€327,799=
Reserves13€91,757€91,757=
Non-distributable reserves130/1€32,780€32,780=
Legal reserve130€32,780€32,780=
Tax-exempt reserves132€29,807€29,807=
Distributable reserves133€29,170€29,170=
Profit (loss) carried forward14€274,040€779,061▲
Amounts payable17/49€806,256€861,996▲
Amounts payable within one year42/48€798,006€852,996▲
Trade debts44€149,201€360,667▲
Suppliers440/4€149,201€360,667▲
Taxes, remuneration and social security45€304,071€402,359▲
Taxes450/3€118,560€118,288▼
Remuneration and social security454/9€185,511€284,070▲
Other amounts payable47/48€344,735€89,970▼
Accrued charges and deferred income492/3€8,250€9,000▲
Income statementCode20242025
Non-recurring operating income76A€22,268€0▼
Remuneration, social security and pensions62€1.2m€1.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111,935€128,052▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€336€5,379▲
Purpose change, De vennootschap heeft tot voorwerp de werkzaamheden van gecertificeerd accountant, gecertificeerd belastingadviseur, accountant en/of fiscaal accountant zoals o…
Real estate, Appartementsgebouw te Roeselare aan de Izegemsestraat nummer 52, genaamd "Residentie Odiel Defraeye", sectie A, nummer 765 M 2, met een oppervlakte van 25 a 88…
Share transfer, MAREL → BV ovve Comm. V. WALCARIUS ISABEL
Share transfer, MAREL → BV ovve Comm. V. LAMMAT
Permanent representative, Steven Brouckaert
25-04
NBB filingAnnual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-04
NBB filingAnnual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-02
State Gazette actResignations: Brouckaert Steven André Kristof, BROUCKAERT STEVEN and LAMMAT
Appointments: BROUCKAERT STEVEN, LAMMAT and WALCARIUS ISABEL · Permanent representatives: Brouckaert Steven André Kristof, Lambrecht Mathieu and Walcarius Isabel · Purpose change21 facts ▸
General meeting, 14-12-2015
Purpose change, De vennootschap heeft tot doel de burgerlijke werkzaamheden van accountant en van belastingconsulent uit te oefenen, zoals omschreven in de artikelen 34 en 38 v…
Legal-form conversion, Omzetting van BVBA naar NV
Net-asset statement, 30-09-2015
Capital, €618.600
Director resignation, Brouckaert Steven André Kristof (manager)
Director resignation, BROUCKAERT STEVEN (manager)
Director resignation, LAMMAT (manager)
Director discharge, MAREL
Director appointment, BROUCKAERT STEVEN (director)
Permanent representative, Brouckaert Steven André Kristof
Director appointment, LAMMAT (director)
+9 further facts in this act
2013
20-11
State Gazette actCapital & shares · Statutes amendment
Capital increase · Capital · Power of attorney5 facts ▸
General meeting, 30-10-2013
Capital increase, €600.000
Capital, €618.600
Statutes amendment
Power of attorney, LAMBRECHT Mathieu Georges
2011
17-01
State Gazette actCapital & shares
Statutes amendment3 facts ▸
General meeting, 20-12-2010
Statutes amendment
Statutes amendment
2010
08-11
State Gazette actAppointments: Brouckaert Steven bvba (manager) and Lammat (manager)
Permanent representatives: Brouckaert Steven and Mathieu Lambrecht · Registered-office move6 facts ▸
Director appointment, Brouckaert Steven bvba (manager)
Permanent representative, Brouckaert Steven
Director appointment, Lammat (manager)
Permanent representative, Mathieu Lambrecht
2003
02-10
State Gazette actRegistered office
Registered-office move2 facts ▸
Board meeting, 22-09-2003
Registered-office move, Grote Markt 19 bus 1, 8870 Izegem
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
15 of 16 acts read
About the unread acts
Of the 16 Belgian State Gazette acts we know for this company, 15 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
2 directors, 4 in day-to-day management, last change in 2025
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 16 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Registered office, Roeselare · 1 establishment unit since 2005
The establishment unit on the mapLoading the map
seatestablishmentThe establishment unit on the map
Ground area
2,881 m²
Building footprint
715 m²
Volume, LiDAR
8,201 m³
Parcel 36017A0765/00M002, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MAREL
Izegemsestraat 52A, 8800 RoeselareNACE 74122
since 20052.148.467.747
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
36017A0765/00M002
Flanders
2,881 m²
1 · 715 m²
16.1 m · 4 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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
De vennootschap heeft tot voorwerp de werkzaamheden van gecertificeerd accountant, gecertificeerd belastingadviseur, accountant en/of fiscaal accountant zoals omschreven in de wet…
Full purpose
De vennootschap heeft tot voorwerp de werkzaamheden van gecertificeerd accountant, gecertificeerd belastingadviseur, accountant en/of fiscaal accountant zoals omschreven in de wet van 17 maart 2019 betreffende de beroepen van accountant en belastingadviseur, evenals het uitoefenen van alle hiermee verenigbare activiteiten.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of MAREL and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
5 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 4,106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.