Result
-€5.8m -€5.8m
From profit to loss in 2025, after a profit of €5.8m in 2024.
MARELEC FOOD TECHNOLOGIES
Lifetime
12 annual accounts with figures on one time axispeak €8.4m (2016)
-not published
lowest -€5.8m (2025)
-€5.8m▼ €11.6m
peak €21.9m (2024)
€16.1m▼ 26.5%
€276.3m▲ 27×
peak 117.1 FTE (2025)
117.1 FTE▲ 10.0%
Board14 names since 2020all names
-
Owners4 names in the annual accounts
Documentsfilings and deeds
29-10-202690 days late
2025financial year
Loss of €5.8mStaff from 106.5 FTE to 117.1 FTEResignation: BV ddOPS (managing director and member of the ex… 10-12Merger: MARELEC FOOD TECHNOLOGIES takes over MARLEN EUROPE 01-09Merger proposal: MARELEC FOOD TECHNOLOGIES takes over MARLEN… 24-06Merger: MARELEC FOOD TECHNOLOGIES takes over MARELEC FOOD TEC… 15-01
Key points
from the 2025 annual accountsDebts
€276.3m 94% of the balance sheet
Financial debts 73%Suppliers 3%Taxes and wages 1%Other 23%
Of this, €79.9m falls due within a year.
Liquidity
0.43 was 2.85 in 2024
Short-term debts rose from €10.3m to €79.9m.
Filings
12 annual accounts 90 days
Latest accounts filed late: after the legal deadline.
Restructuring
3
3 restructurings since 2024. Latest: restructuring with MARLEN EUROPE.
Position in the sector
-€5.8m
Lower net result than 95% of companies in machinery and equipment. Sector median €150,798 · 384 companies.
Total assets +798%: restructuring
Checked score
52
Fair
Financially stronger than 30% of medium-sized companies in machinery and equipment (NACE 28)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 101 companies (NACE 28, medium-sized).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%▼ -0.3 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 2.2%▲ +1.8 percentage points vs 09-2026highest value
11-2026: 2.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.43, cash €6.2m
Last filed accounts filed 90 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
Equity €16.1m (5.5% of total assets)
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 28, medium-sized). It does better than 8% of them on solvency, 57% on liquidity, 16% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Credit verdict
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.43 (2.85 in 2024), below 1. Short-term debt is 27.3% and cash 2.1% of total assets. 94.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 384 sector peers (2025).
NBB · sector comparisonPosition among 384 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
90 days late
2024
56 days late
2023
58 days late
2022
99 days late
2021
2 days late
2020
58 days early
2019
9 days 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 34 days after the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% 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 28 September (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Suplusco Holding BV 100%annual accounts 2025
Shares in 1 company, PATTYN GROUP
Board & ownershipRecent changes
Resignations & appointments
General meeting of 02-10-2026 · Gazette deed
Resignation: Reavest (member of the executive committee and managing director)
Permanent representative: Rubben VANDEVYVERE · General meeting of 05-06-2026 · Gazette deed
Registered office moved within Nieuwpoort
New registered office: Westendelaan 1 te 8620 Nieuwpoort (België) · Previous registered office: Redanweg 15 te 8620 Nieuwpoort (België) · Appointment: Gudrun Berta DANIELSDOTTIR (member of the executive committee and managing director) · General meeting of 20-04-2026 · Gazette deed
Appointment: PwC Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Filip Drieghe · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MARELEC FOOD TECHNOLOGIES Nieuwpoort | €37.4m | -0.2% | 5.5% | 117.1 |
| ANSUL Ixelles | €39.6m | 23.3% | 81.9% | 204.2 |
| Ekopak Deinze | €17.7m | -87.3% | 26.5% | 121.5 |
| Delta Engineering Geraardsbergen | €31.8m | 5.9% | 15.5% | 69.3 |
| DELTRIAN INTERNATIONAL Fleurus | €24.5m | -4.2% | 17.1% | 70.7 |
| D. Cloostermans-Huwaert Hamme (Vl.) | €67.0m | 7.7% | 73.2% | 176.6 |
| GEA Process Engineering Halle | €86.2m | -0.6% | 5.7% | 239.9 |
Grey: the largest companies of the sector (machinery and equipment (NACE 28)), without their names. Blue: the sector peers from the table.
These companies have their main activity in the same NACE class as MARELEC FOOD TECHNOLOGIES: manufacture of machinery and equipment not elsewhere classified (NACE 2829). With exactly the same main activity (NACE 28292), too few companies are of comparable size. They are comparable in size and age: total assets between €41m and €193m, founded between 1955 and 1997.
Official details
Source: KBO- Status
- Active since 30-06-2014Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28292and 1 other
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment units
- 2.232.903.4758620 Nieuwpoort, since 30-06-2014
- 2.377.450.3038620 Nieuwpoort, since 01-09-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Insights on MARELEC FOOD TECHNOLOGIES
MARELEC FOOD TECHNOLOGIES has existed since 2014. In 2016 the gross margin rose from €2.8m to €8.4m.
Solvency fell in 2025 from 67.2% to 5.5% because of the loss.
Suplusco Holding BV holds all the shares. In January 2025, the Official Gazette published the appointment of ddOPS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MARELEC FOOD TECHNOLOGIES
- What is the company number of MARELEC FOOD TECHNOLOGIES?
- The company number of MARELEC FOOD TECHNOLOGIES is 0554.865.932. The VAT number is the same number with BE in front: BE 0554.865.932.
- Where is MARELEC FOOD TECHNOLOGIES based?
- The registered office is at Westendelaan 1, 8620 Nieuwpoort.Company details
- What does MARELEC FOOD TECHNOLOGIES do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28292).
- What is the legal form of MARELEC FOOD TECHNOLOGIES?
- MARELEC FOOD TECHNOLOGIES is a public limited company (NV).
- When was MARELEC FOOD TECHNOLOGIES founded?
- MARELEC FOOD TECHNOLOGIES was founded on 30-06-2014.
- Is MARELEC FOOD TECHNOLOGIES still active?
- Yes, MARELEC FOOD TECHNOLOGIES is an active enterprise in the KBO register.
- How many employees does MARELEC FOOD TECHNOLOGIES have?
- MARELEC FOOD TECHNOLOGIES had an average of 117.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MARELEC FOOD TECHNOLOGIES fall under?
- In its 2025 annual accounts, MARELEC FOOD TECHNOLOGIES states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of MARELEC FOOD TECHNOLOGIES?
- The turnover of MARELEC FOOD TECHNOLOGIES was €37.4m in financial year 2025, according to the filed annual accounts.
- Is MARELEC FOOD TECHNOLOGIES profitable?
- In financial year 2025, MARELEC FOOD TECHNOLOGIES made a loss of €5.8m.
- Where can I find the annual accounts of MARELEC FOOD TECHNOLOGIES?
- MARELEC FOOD TECHNOLOGIES filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARELEC FOOD TECHNOLOGIES due?
- MARELEC FOOD TECHNOLOGIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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