Marella
ActiveSummary
Marella has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €6k. Equity is growing by ~49.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency34▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.07 in 2024; short-term debt: 91.3% and cash: 9% of total assets), and 91.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
8.7%
Return on assets
1.2%
Age of the figures
9 mo
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 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 d early
2024
21 d late
2023
126 d late
2022
28 d late
2021
32 d late
2020
31 d late
2019
3 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€44k▲ 16.8%
2024 · €38k
Total assets
€509k▲ 2.5%
2024 · €497k
Net result
€6k▼ 26.3%
2024 · €9k
Working capital
€40k▲ 29.1%
2024 · €31k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9k▲ 118%€5k▼ 47.6%€8k▲ 72.3%€15k▲ 83.7%€11k▼ 24.6%
Net result€8k▲ 84.5%€3k▼ 65.5%€12k▲ 341%€9k▼ 25.4%€6k▼ 26.3%
Equity€15k▲ 101%€18k▲ 17.3%€29k▲ 65.1%€38k▲ 29.4%€44k▲ 16.8%
Total assets€171k▼ 2.7%€273k▲ 59.9%€475k▲ 73.9%€497k▲ 4.5%€509k▲ 2.5%
Debt€156k▼ 7.3%€256k▲ 64.0%€446k▲ 74.5%€459k▲ 2.9%€465k▲ 1.3%
Working capital€5k€11k▲ 116%€26k▲ 136%€31k▲ 22.3%€40k▲ 29.1%
Staff (FTE)0.81.2▲ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €509k
Fixed assets
€4k ▼ 43.1%
Current assets
€506k ▲ 3.1%
Equity and liabilities €509k
Equity
€44k ▲ 16.8%
Debt
€465k ▲ 1.3%
Debt's share of the balance-sheet total falls from 92.4% to 91.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▼
2024 · €17k
Cash flow
€9k▼
2024 · €11k
Current ratio
1.09▲
2024 · 1.07
Quick ratio
0.31▼
2024 · 0.61
Debt to equity
10.55▼
2024 · 12.16
ROE
14.3%▼
2024 · 22.7%
ROA
1.2%▼
2024 · 1.7%
Interest coverage
6.27▲
2024 · 5.74
Debt ≤ 1 year
€465k▲
2024 · €459k
Income taxes
€3k▼
2024 · €3k
Staff costs
€64k▲
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | €874 | €33k | €64k | ▲ 96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €2k | €3k | ▲ 31.9% |
| Other operating charges640/8 | €555 | €2k | €1k | €1k | €118 | ▼ 91.4% |
| Gross operating margin9900 | €13k | €12k | €13k | €51k | €79k | ▲ 53.6% |
| Operating profit (loss)9901 | €9k | €5k | €8k | €15k | €11k | ▼ 24.6% |
| Financial income75/76B | €4 | €29 | €11k | €4 | €82 | ▲ 2,165% |
| Recurring financial income75 | €4 | €29 | €11k | €4 | €82 | ▲ 2,165% |
| Financial charges65/66B | €219 | €974 | €3k | €3k | €2k | ▼ 24.6% |
| Recurring financial charges65 | €219 | €974 | €3k | €3k | €2k | ▼ 24.6% |
| Profit (loss) for the period before taxes9903 | €9k | €4k | €16k | €12k | €9k | ▼ 23.9% |
| Income taxes67/77 | €1k | €1k | €4k | €3k | €3k | ▼ 17.8% |
| Profit (loss) for the period9904 | €8k | €3k | €12k | €9k | €6k | ▼ 26.3% |
| Profit (loss) for the period to be appropriated9905 | €8k | €3k | €12k | €9k | €6k | ▼ 26.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171k | €273k | €475k | €497k | €509k | ▲ 2.5% |
| Fixed assets21/28 | €10k | €7k | €4k | €6k | €4k | ▼ 43.1% |
| Tangible fixed assets22/27 | €10k | €7k | €4k | €6k | €4k | ▼ 43.1% |
| Plant, machinery and equipment23 | €7k | €5k | €4k | €2k | €0 | ▼ 100% |
| Furniture and vehicles24 | €3k | €1k | €0 | €5k | €4k | ▼ 21.4% |
| Current assets29/58 | €161k | €266k | €472k | €490k | €506k | ▲ 3.1% |
| Stocks and contracts in progress3 | €97k | €159k | €224k | €211k | €361k | ▲ 71.2% |
| Stocks30/36 | €97k | €159k | €224k | €211k | €361k | ▲ 71.2% |
| Amounts receivable within one year40/41 | €59k | €80k | €209k | €239k | €98k | ▼ 58.8% |
| Trade receivables40 | - | €58k | €4k | €29k | €98k | ▲ 243% |
| Other amounts receivable41 | €59k | €22k | €205k | €210k | - | - |
| Cash at bank and in hand54/58 | €3k | €28k | €38k | €41k | €46k | ▲ 13.2% |
| Deferred charges and accrued income490/1 | €1k | - | €513 | €113 | €243 | ▲ 116% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171k | €273k | €475k | €497k | €509k | ▲ 2.5% |
| Equity10/15 | €15k | €18k | €29k | €38k | €44k | ▲ 16.8% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Capital10 | €2k | - | - | - | - | - |
| Issued capital100 | €2k | - | - | - | - | - |
| Outside capital11 | - | €2k | - | - | - | - |
| Other1109/19 | - | €2k | - | - | - | - |
| Reserves13 | €13k | €16k | €27k | €36k | €42k | ▲ 17.7% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Legal reserve130 | €1k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €12k | €14k | €26k | €34k | €41k | ▲ 18.4% |
| Amounts payable17/49 | €156k | €256k | €446k | €459k | €465k | ▲ 1.3% |
| Amounts payable within one year42/48 | €156k | €256k | €446k | €459k | €465k | ▲ 1.3% |
| Financial debts43 | - | €25k | €25k | €25k | - | - |
| Credit institutions430/8 | - | €25k | €25k | €25k | - | - |
| Trade debts44 | €124k | €110k | €81k | - | €15k | - |
| Suppliers440/4 | €124k | €110k | €81k | - | €15k | - |
| Taxes, remuneration and social security45 | €32k | €10k | €15k | €52k | €57k | ▲ 10.5% |
| Taxes450/3 | €3k | €10k | €15k | €46k | €50k | ▲ 10.4% |
| Remuneration and social security454/9 | €29k | - | - | €6k | €7k | ▲ 11.0% |
| Other amounts payable47/48 | - | €111k | €325k | €382k | €392k | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €3k | €12k | €9k | €6k | ▼ 26.3% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €2k | €3k | ▲ 31.9% |
| Operating cash flow (approximation) | €11k | €6k | €15k | €11k | €9k | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-5k | €0 | ▲ 100% |
| Change in cash | - | €24k | €11k | €2k | €5k | ▲ 134% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 126 days late
2023
31-12
Financial
Highest result since 2018net €12k ▲341%
Net result €12k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 296 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Heusden-Zolder · 1 establishment unit since 2017
Ground area
1,060 m²
Building footprint
628 m²
Volume, LiDAR
2,482 m³
Parcel 71502B0133/00Z000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MB Bouwmat
since 20172.299.735.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0133/00Z000 | Flanders | 1,060 m² | 1 · 628 m² | 6.3 m · 1 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.
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 631 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
Founded24-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
47522Retail trade
47523Retail trade
47524Retail trade
47525Retail trade
47526Retail trade
47527Retail trade
47529Retail trade
Scores and ratios are computed by Checked and are not a credit decision.