MARELEC DISTRIBUTION
ActiveSummary
MARELEC DISTRIBUTION has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €352,338 and a net result of €60,655. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 9086 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-41
Solvency36▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.29 in 2023; short-term debt: 88.6% and cash: 20.9% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9086 sector peers (2024).
NBB · sector comparisonPosition among 9086 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
56 d late
2022
99 d late
2021
2 d early
2020
31 d early
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€352,338▲ 20.8%
2023 · €291,683
Total assets
€3.1m▲ 152%
2023 · €1.2m
Net result
€60,655▼ 49.2%
2023 · €119,351
Working capital
€303,819▲ 15.1%
2023 · €264,035
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
favourable
unfavourable
Line20202021202220232024
Operating result€125,220▲ 5,431%€154,845▲ 23.7%-€61,359€89,093€42,299▼ 52.5%
Net result€93,097above the sector's middle half▲ 4,119%€112,428within the sector's middle half▲ 20.8%-€63,845below the sector's middle half€119,351within the sector's middle half€60,655within the sector's middle half▼ 49.2%
Equity€123,749within the sector's middle half▲ 304%€236,177within the sector's middle half▲ 90.9%€172,332within the sector's middle half▼ 27.0%€291,683within the sector's middle half▲ 69.3%€352,338within the sector's middle half▲ 20.8%
Total assets€239,371within the sector's middle half▲ 663%€1.1mwithin the sector's middle half▲ 364%€1.7mwithin the sector's middle half▲ 49.4%€1.2mwithin the sector's middle half▼ 26.4%€3.1mabove the sector's middle half▲ 152%
Debt€115,622▲ 15,857%€874,237▲ 656%€1.5m▲ 70.0%€899,102▼ 39.5%€2.7m▲ 203%
Working capital€123,749above the sector's middle half▲ 304%€200,012within the sector's middle half▲ 61.6%€146,801within the sector's middle half▼ 26.6%€264,035within the sector's middle half▲ 79.9%€303,819within the sector's middle half▲ 15.1%
Solvency51.7%within the sector's middle half▼ 46.0pp21.3%within the sector's middle half▼ 30.4pp10.4%below the sector's middle half▼ 10.9pp23.9%within the sector's middle half▲ 13.5pp11.4%below the sector's middle half▼ 12.4pp
Current ratio2.07within the sector's middle half▼ 41.231.23within the sector's middle half▼ 0.841.10below the sector's middle half▼ 0.131.29within the sector's middle half▲ 0.191.11below the sector's middle half▼ 0.18
Return on assets (ROA)38.9%above the sector's middle half▲ 31.9pp10.1%within the sector's middle half▼ 28.8pp-3.8%below the sector's middle half▼ 14.0pp9.8%within the sector's middle half▲ 13.6pp2.0%within the sector's middle half▼ 7.8pp
Staff (FTE)1below the sector's middle half1within the sector's middle half=0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.1m
Fixed assets
€48,519 ▼ 15.8%
Current assets
€3.0m ▲ 160%
Equity and liabilities €3.1m
Equity
€352,338 ▲ 20.8%
Provisions
€0 ▼ 100%
Debt
€2.7m ▲ 203%
Debt's share of the balance-sheet total rises from 73.6% to 88.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51,428▼
2023 · €98,222
Cash flow
€69,784▼
2023 · €128,480
Debt to equity
7.74▲
2023 · 3.08
ROE
17.2%▼
2023 · 40.9%
Interest coverage
2.24▼
2023 · 111.12
Debt ≤ 1 year
€2.7m▲
2023 · €899,102
Income taxes
€24,429▲
2023 · €24,058
Staff costs
€0▼
2023 · €65,790
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,368 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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%.
| 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 2,368 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,757 | €104,323 | €65,790 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €350 | €9,129 | €9,129 | €9,129 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €30,000 | -€30,000 | ▼ 200% |
| Other operating charges640/8 | - | €9,760 | €1,761 | €1,643 | €1,486 | ▼ 9.5% |
| Gross operating margin9900 | €125,329 | €171,712 | €53,853 | €195,655 | €22,915 | ▼ 88.3% |
| Operating profit (loss)9901 | €125,220 | €154,845 | -€61,359 | €89,093 | €42,299 | ▼ 52.5% |
| Financial income75/76B | - | €0 | €486 | €56,138 | €65,700 | ▲ 17.0% |
| Recurring financial income75 | - | €0 | €486 | €56,138 | €65,700 | ▲ 17.0% |
| Financial charges65/66B | - | €4,968 | €2,972 | €1,822 | €22,915 | ▲ 1,158% |
| Recurring financial charges65 | €1,661 | €4,968 | €2,972 | €884 | €22,915 | ▲ 2,492% |
| Non-recurring financial charges66B | - | - | - | €938 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €123,558 | €149,876 | -€63,845 | €143,409 | €85,085 | ▼ 40.7% |
| Income taxes67/77 | €30,461 | €37,448 | €0 | €24,058 | €24,429 | ▲ 1.5% |
| Profit (loss) for the period9904 | €93,097 | €112,428 | -€63,845 | €119,351 | €60,655 | ▼ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €93,097 | €112,428 | -€63,845 | €119,351 | €60,655 | ▼ 49.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €239,371 | €1.1m | €1.7m | €1.2m | €3.1m | ▲ 152% |
| Fixed assets21/28 | - | €36,165 | €67,714 | €57,648 | €48,519 | ▼ 15.8% |
| Tangible fixed assets22/27 | - | €36,165 | €27,036 | €17,907 | €8,779 | ▼ 51.0% |
| Furniture and vehicles24 | - | €36,165 | €27,036 | €17,907 | €8,779 | ▼ 51.0% |
| Financial fixed assets28 | - | - | €40,678 | €39,740 | €39,740 | = |
| Current assets29/58 | €239,371 | €1.1m | €1.6m | €1.2m | €3.0m | ▲ 160% |
| Amounts receivable within one year40/41 | €175,840 | €808,426 | €1.2m | €1.0m | €2.4m | ▲ 138% |
| Trade receivables40 | - | €320,310 | €430,434 | €195,492 | €1.5m | ▲ 650% |
| Other amounts receivable41 | - | €488,116 | €729,332 | €806,903 | €919,563 | ▲ 14.0% |
| Cash at bank and in hand54/58 | €63,193 | €265,233 | €431,173 | €160,743 | €643,638 | ▲ 300% |
| Deferred charges and accrued income490/1 | - | €590 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €239,371 | €1.1m | €1.7m | €1.2m | €3.1m | ▲ 152% |
| Equity10/15 | €123,749 | €236,177 | €172,332 | €291,683 | €352,338 | ▲ 20.8% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €83,700 | €195,700 | €195,700 | €195,700 | €195,700 | = |
| Distributable reserves133 | - | €195,700 | €195,700 | €195,700 | €195,700 | = |
| Profit (loss) carried forward14 | €49 | €477 | -€63,368 | €55,983 | €116,638 | ▲ 108% |
| Provisions and deferred taxes16 | - | - | - | €30,000 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €30,000 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | €30,000 | €0 | ▼ 100% |
| Amounts payable17/49 | €115,622 | €874,237 | €1.5m | €899,102 | €2.7m | ▲ 203% |
| Amounts payable within one year42/48 | €115,622 | €874,237 | €1.4m | €899,102 | €2.7m | ▲ 203% |
| Trade debts44 | €85,161 | €874,237 | €622,543 | €873,915 | €2.7m | ▲ 206% |
| Suppliers440/4 | - | €874,237 | €622,543 | €873,915 | €2.7m | ▲ 206% |
| Advances received on contracts in progress46 | - | - | €821,595 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €0 | - | €24,037 | €48,467 | ▲ 102% |
| Taxes450/3 | - | €0 | - | €24,037 | €48,467 | ▲ 102% |
| Other amounts payable47/48 | - | - | - | €1,150 | €1,150 | = |
| Accrued charges and deferred income492/3 | - | - | €42,183 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93,097 | €112,428 | -€63,845 | €119,351 | €60,655 | ▼ 49.2% |
| + Depreciation and write-downs630 | - | €350 | €9,129 | €9,129 | €9,129 | = |
| Operating cash flow (approximation) | €93,097 | €112,778 | -€54,716 | €128,480 | €69,784 | ▼ 45.7% |
| Investment in fixed assets (approximation) | - | - | -€40,678 | €938 | €0 | ▼ 100% |
| Change in cash | - | €202,041 | €165,939 | -€270,430 | €482,896 | ▲ 279% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
31-12
Financial
Back to profitnet €119,351
Net result €119,351 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €291,683 ▲69.3%
Equity rises from €172,332 to €291,683.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 99 days late
2022
31-12
Financial
Weakest financial yearnet -€63,845
Net result drops to -€63,845, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €236,177 ▲90.9%
3 profitable years in a row build equity to €236,177.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €123,749 ▲304%
2 profitable years in a row build equity to €123,749.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Back to profitnet €2,206
Net result €2,206 after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Roeselare · 1 establishment unit since 2017
Ground area
6,845 m²
Building footprint
4,862 m²
Volume, LiDAR
35,168 m³
2 parcels, Flanders · tallest building 53.6 m, ±5 floors. Linked by address, not a title deed.
62
companies at this address
See who is registered here
1 establishment unit
Stationsplein 4, 8000 Brugge
since 20172.265.879.715
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0005/02F000 | Flanders | 3,832 m² | 1 · 4,463 m² | 14.6 m · 2 fl. |
| 36017A1279/00F000 | Flanders | 3,013 m² | 1 · 398 m² | 53.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 owner · 3 holdingsChain of control
- Suplusco Holding BVNL
- MARELEC DISTRIBUTION
Highest known parent: Suplusco Holding BV (Netherlands). The sources do not say who stands above it.
Owners 1
- Suplusco Holding BVNLparentSourceown accounts 2024100%
Holdings 3
- Marelec (Suzhou) Food Technologies COCNsubsidiarySourceown accounts 2024Equity CNY 554,998Result CNY 554,988100%
-
100%
-
90%
According to the 2024 annual accounts of MARELEC DISTRIBUTION 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
No current directors or connected companies found in the register.
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Of 388 companies in sector 46630 we hold annual accounts for 278. 210 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
Founded01-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676480176
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.