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MAREMI

Active
Private limited company (pre-2019)founded 200223 yrs activeAvenue Reine Astrid 179, 1410 Waterloo, BelgiumKBO/BCE: BE 0478.576.521
Summary

MAREMI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€77,360) and a net result of -€45. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 1.2% (low).

Financials · fiscal year 2025, micro schema

Equity
-€77,360▼ 0.1%
2024 · -€77,315
Total assets
€4▼ 98.8%
2024 · €358
Net result
-€45▲ 24.6%
2024 · -€59
Working capital
-€77,360▼ 0.1%
2024 · -€77,315
Trend over the years

2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years

The operating result stays negative: a loss of €203 in 2023 against €225 in 2022; the loss shrinks.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result-€203 2023 Net result-€45 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€67,279-€53,616-€333-€225▲ 32.4%-€203▲ 10.0%
Net result-€68,695-€53,417-€14-€367▼ 2,550%-€263▲ 28.4%-€203▲ 22.8%-€59▲ 70.9%-€45▲ 24.6%
Equity-€69,009--€15,592▲ 77.4%-€76,425▼ 390%-€76,791▼ 0.5%-€77,054▼ 0.3%-€77,256▼ 0.3%-€77,315▼ 0.1%-€77,360▼ 0.1%
Total assets€123,467-€134,451▲ 8.9%€0▼ 100.0%€38▲ 8,709%€14▼ 64.2%€14=€358▲ 2,542%€4▼ 98.8%
Debt€192,476-€150,043▼ 22.0%€76,425▼ 49.1%€76,829▲ 0.5%€77,067▲ 0.3%€77,270▲ 0.3%€77,674▲ 0.5%€77,364▼ 0.4%
Working capital-€132,767--€15,592▲ 88.3%-€76,425▼ 390%-€76,791▼ 0.5%-€77,054▼ 0.3%-€77,256▼ 0.3%-€77,315▼ 0.1%-€77,360▼ 0.1%
Staff (FTE)2-
Turnover and EBIT margin not published: the micro schema does not require them.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€77,364▼
2024 · €77,674
Ratios withheld: a balance sheet total of €4 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
4.5% went bankrupt
10.0% stopped otherwise
84% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,621 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 accounts As filed with the NBB · 2025 against 2024 · 22 lines
Balance sheet Code20242025
Assets
Total assets20/58€358€4▼
Current assets29/58€358€4▼
Cash at bank and in hand54/58€358€4▼
Equity and liabilities
Total equity and liabilities10/49€358€4▼
Equity10/15-€77,315-€77,360▼
Contributions10/11€40,800€40,800=
Reserves13€546€546=
Non-distributable reserves130/1€546€546=
Reserves not available under the articles1311€546€546=
Profit (loss) carried forward14-€118,661-€118,706=
Amounts payable17/49€77,674€77,364▼
Amounts payable within one year42/48€77,674€77,364▼
Trade debts44€59,200€59,200=
Suppliers440/4€59,200€59,200=
Other amounts payable47/48€18,474€18,165▼
Income statement Code20242025
Financial charges65/66B€59€45▼
Recurring financial charges65€59€45▼
Profit (loss) for the period before taxes9903-€59-€45▲
Profit (loss) for the period9904-€59-€45▲
Profit (loss) for the period to be appropriated9905-€59-€45▲
Appropriation of the result
Profit (loss) to be appropriated9906-€118,661-€118,706=
Profit (loss) brought forward from the previous period14P-€118,602-€118,661=

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,745€84,795-------
Gross operating margin9900€12,059€146,585--€333-€225-€203---
Operating profit (loss)9901-€67,279€53,616--€333-€225-€203---
Recurring financial income75€6--------
Financial charges65/66B---€33€37-€59€45▼ 24.6%
Recurring financial charges65€1,422€199€14€33€37-€59€45▼ 24.6%
Profit (loss) for the period before taxes9903-€68,695€53,417-€14-€367-€263-€203-€59-€45▲ 24.6%
Profit (loss) for the period9904-€68,695€53,417-€14-€367-€263-€203-€59-€45▲ 24.6%
Profit (loss) for the period to be appropriated9905-€68,695€53,417-€14-€367-€263-€203-€59-€45▲ 24.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€123,467€134,451€0€38€14€14€358€4▼ 98.8%
Fixed assets21/28€86,068--------
Intangible fixed assets21€71,284--------
Tangible fixed assets22/27€13,511--------
Financial fixed assets28€1,273--------
Current assets29/58€37,399€134,451€0€38€14€14€358€4▼ 98.8%
Stocks and contracts in progress3€3,500--------
Amounts receivable within one year40/41€33,899€94,161-------
Cash at bank and in hand54/58-€40,290€0€38€14€14€358€4▼ 98.8%
Equity and liabilities
Total equity and liabilities10/49€123,467€134,451€0€38€14€14€358€4▼ 98.8%
Equity10/15-€69,009-€15,592-€76,425-€76,791-€77,054-€77,256-€77,315-€77,360▼ 0.1%
Contributions10/11€40,800€40,800€40,800€40,800€40,800€40,800€40,800€40,800=
Reserves13€546€546€546€546€546€546€546€546=
Non-distributable reserves130/1---€546€546€546€546€546=
Reserves not available under the articles1311---€546€546€546€546€546=
Profit (loss) carried forward14-€175,355-€121,938-€117,770-€118,137-€118,399-€118,602-€118,661-€118,706=
Investment grants15----€0----
Amounts payable17/49€192,476€150,043€76,425€76,829€77,067€77,270€77,674€77,364▼ 0.4%
Amounts payable after more than one year17€8,276--------
Amounts payable within one year42/48€170,166€150,043€76,425€76,829€77,067€77,270€77,674€77,364▼ 0.4%
Trade debts44€41,963€65,569€59,206€59,290€59,200€59,200€59,200€59,200=
Suppliers440/4---€59,290€59,200€59,200€59,200€59,200=
Other amounts payable47/48---€17,539€17,868€18,070€18,474€18,165▼ 1.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€68,695€53,417-€14-€367-€263-€203-€59-€45▲ 24.6%
+ Depreciation and write-downs630€12,745€84,795-------
Operating cash flow (approximation)-€55,950€138,212-€14-€367-€263-€203-€59-€45▲ 24.6%
Change in cash---€40,290€37-€24€0€345-€354▼ 203%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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