MARELPUT
ActiveMARELPUT has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.20M and a net result of €670k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 311 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency76▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.32 in 2024; short-term debt: 47.6% and cash: 1.8% of total assets), and 49% 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 · 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
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
51%
Return on assets
28.4%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
36 d early
2023
22 d early
2022
24 d early
2021
13 d early
2020
24 d early
2019
30 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€670k▲ 12.3%
2024 · €596k
2018: €43k
2019: €147k
2020: €240k
2021: €420k
2022: €462k
2023: €832k
2024: €596k
2018 → 2025
Working capital
€539k▲ 58.0%
2024 · €341k
2018: €13k
2019: €-317k
2020: €-296k
2021: €-194k
2022: €-51k
2023: €160k
2024: €341k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€879k-€966k▲ 10.0%€1.04M▲ 8.0%€1.09M▲ 4.0%€1.20M▲ 10.6%
Operating result€465k-€506k▲ 9.0%€874k▲ 72.7%€616k▼ 29.5%€721k▲ 17.0%
Net result€420k-€462k▲ 10.0%€832k▲ 80.1%€596k▼ 28.3%€670k▲ 12.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.35M
Fixed assets
€694k▼ 11.1%
Current assets
€1.66M▲ 18.3%
Equity and liabilities €2.35M
Equity
€1.20M▲ 10.6%
Debt
€1.15M▲ 5.0%
The debt ratio falls from 50.3% to 49.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€855k▲
2024 · €745k
Cash flow
€804k▲
2024 · €725k
Solvency
51.0%▲
2024 · 49.7%
Current ratio
1.48▲
2024 · 1.32
Quick ratio
1.40▲
2024 · 1.24
Debt / equity
0.96▼
2024 · 1.01
ROE
55.8%▲
2024 · 54.9%
ROA
28.4%▲
2024 · 27.3%
Interest coverage
25.66▲
2024 · 19.94
Debt
€1.15M▲
2024 · €1.10M
Debt ≤ 1 year
€1.12M▲
2024 · €1.06M
Income taxes
€39k▲
2024 · €16k
Staff costs
€168k▼
2024 · €173k
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€2.18M€2.35M▲
Fixed assets21/28€781k€694k▼
Tangible fixed assets22/27€781k€694k▼
Land and buildings22€88k€87k▼
Plant, machinery and equipment23€24k€44k▲
Furniture and vehicles24€51k€35k▼
Other tangible fixed assets26€619k€529k▼
Current assets29/58€1.40M€1.66M▲
Stocks and contracts in progress3€86k€87k▲
Stocks30/36€86k€87k▲
Amounts receivable within one year40/41€98k€44k▼
Trade receivables40€48k€40k▼
Other amounts receivable41€50k€4k▼
Current investments50/53€1.10M€1.48M▲
Cash at bank and in hand54/58€112k€42k▼
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.18M€2.35M▲
Equity10/15€1.09M€1.20M▲
Contributions10/11€337k€337k=
Capital10€337k€337k=
Issued capital100€337k€337k=
Reserves13€702k€852k▲
Non-distributable reserves130/1€34k€34k=
Legal reserve130€34k€34k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€650k€800k▲
Profit (loss) carried forward14€46k€12k▼
Amounts payable17/49€1.10M€1.15M▲
Amounts payable within one year42/48€1.06M€1.12M▲
Trade debts44€26k€26k▲
Suppliers440/4€26k€26k▲
Taxes, remuneration and social security45€22k€73k▲
Taxes450/3-€49k
Remuneration and social security454/9€22k€24k▲
Other amounts payable47/48€1.01M€1.02M▲
Accrued charges and deferred income492/3€37k€33k▼
Income statement
Code20242025
Remuneration, social security and pensions62€173k€168k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129k€134k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€23k€24k▲
Gross operating margin9900€944k€1.05M▲
Operating profit (loss)9901€616k€721k▲
Financial income75/76B€33k€21k▼
Recurring financial income75€33k€21k▼
Financial charges65/66B€37k€33k▼
Recurring financial charges65€37k€33k▼
Profit (loss) for the period before taxes9903€612k€709k▲
Income taxes67/77€16k€39k▲
Profit (loss) for the period9904€596k€670k▲
Profit (loss) for the period to be appropriated9905€596k€670k▲
Appropriation of the result
Profit (loss) to be appropriated9906€851k€716k▼
Profit (loss) brought forward from the previous period14P€255k€46k▼
Transfer to equity691/2€250k€150k▼
To other reserves6921€250k€150k▼
Profit to be distributed694/7€554k€554k=
Directors or managers695€550k€550k=
Employees696€4k€4k▼
Social balance
Average headcount (FTE)90873.02.7▼
The notes to these accounts (6 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €832k ▲80.1%
Operating result €874k, net result €832k, both a record.
31-12
Financial
Equity above €1MEq €1.04M ▲8%
6 profitable years in a row build equity to €1.04M.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Izegem · 1 establishment unit since 1985
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.
Ambachtenstraat 198870 IzegemGround area
7,929 m²
Building footprint
2,279 m²
Volume, LiDAR
16,973 m³
Parcel 36494E1347/00E000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ambachtenstraat 19, 8870 Izegem
since 19852.028.099.853
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494E1347/00E000 | Flanders | 7,929 m² | 1 · 2,279 m² | 11.8 m · 2 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 268 companies in sector 28220 we hold annual accounts for 231. 182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-11-1985
Fiscal year end31-12
Activities, NACEBEL
28220Manufacture of machinery and equipment not elsewhere classified
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.