MAREPHAR
ActiveMAREPHAR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €523k and a net result of €17k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 48% of 10310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70=
Solvency60▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.37 in 2024; short-term debt: 19.6% and cash: 6.5% of total assets), and 65% 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+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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
35%
Return on assets
1.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
26 d early
2023
32 d early
2022
2 d early
2021
2 d early
2020
on the day
2019
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€523k▲ 3.2%
2024 · €507k
2018: €352k
2019: €422k
2020: €485k
2021: €395k
2022: €465k
2023: €493k
2024: €507k
2018 → 2025
Total assets
€1.49M▼ 4.3%
2024 · €1.56M
2018: €958k
2019: €953k
2020: €960k
2021: €863k
2022: €1.62M
2023: €1.72M
2024: €1.56M
2018 → 2025
Net result
€17k▲ 18.0%
2024 · €15k
2018: €63k
2019: €72k
2020: €65k
2021: €-90k
2022: €70k
2023: €29k
2024: €15k
2018 → 2025
Working capital
€47k▼ 52.9%
2024 · €101k
2018: €191k
2019: €234k
2020: €271k
2021: €262k
2022: €161k
2023: €163k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€395k-€465k▲ 17.7%€493k▲ 6.0%€507k▲ 2.7%€523k▲ 3.2%
Operating result€-81k-€86k€46k▼ 45.7%€30k▼ 36.4%€29k▼ 2.9%
Net result€-90k-€70k€29k▼ 57.9%€15k▼ 49.9%€17k▲ 18.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€1.15M▼ 3.1%
Current assets
€340k▼ 8.1%
Equity and liabilities €1.49M
Equity
€523k▲ 3.2%
Debt
€969k▼ 7.9%
The debt ratio falls from 67.5% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105k▼
2024 · €115k
Cash flow
€94k▼
2024 · €100k
Solvency
35.0%▲
2024 · 32.5%
Current ratio
1.16▼
2024 · 1.37
Quick ratio
0.76▼
2024 · 0.94
Debt / equity
1.85▼
2024 · 2.08
ROE
3.3%▲
2024 · 2.9%
ROA
1.2%▲
2024 · 0.9%
Interest coverage
8.23▲
2024 · 6.90
Debt
€969k▼
2024 · €1.05M
Debt ≤ 1 year
€292k▲
2024 · €269k
Debt > 1 year
€673k▼
2024 · €778k
Income taxes
€131▲
2024 · €127
Staff costs
€94k▼
2024 · €99k
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€1.56M€1.49M▼
Fixed assets21/28€1.19M€1.15M▼
Tangible fixed assets22/27€1.19M€1.15M▼
Land and buildings22€892k€896k▲
Plant, machinery and equipment23€294k€253k▼
Financial fixed assets28€3k€3k=
Current assets29/58€370k€340k▼
Stocks and contracts in progress3€116k€119k▲
Stocks30/36€116k€119k▲
Amounts receivable within one year40/41€86k€118k▲
Trade receivables40€82k€115k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€162k€97k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.49M▼
Equity10/15€507k€523k▲
Contributions10/11€19k€19k=
Reserves13€488k€504k▲
Tax-exempt reserves132€13k€13k=
Distributable reserves133€475k€491k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.05M€969k▼
Amounts payable after more than one year17€778k€673k▼
Financial debts170/4€778k€673k▼
Trade debts175€0-
Amounts payable within one year42/48€269k€292k▲
Current portion of amounts payable after more than one year42€103k€104k▲
Trade debts44€80k€132k▲
Suppliers440/4€80k€132k▲
Taxes, remuneration and social security45€24k€21k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€18k€15k▼
Other amounts payable47/48€62k€35k▼
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€99k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€76k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€217k€203k▼
Operating profit (loss)9901€30k€29k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€17k€13k▼
Recurring financial charges65€17k€13k▼
Profit (loss) for the period before taxes9903€15k€18k▲
Income taxes67/77€127€131▲
Profit (loss) for the period9904€15k€17k▲
Profit (loss) for the period to be appropriated9905€15k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€17k▲
Transfer to equity691/2€13k€16k▲
To other reserves6921€13k€16k▲
Profit to be distributed694/7€1k€1k▼
Return on contributions (dividend)694€1k€1k▼
Social balance
Average headcount (FTE)90871.91.7▼
The notes to these accounts (19 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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €500kEq €507k ▲2.7%
3 profitable years in a row build equity to €507k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-90k ▼240%
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €72k ▲14.2%
Net result €72k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
05-04
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
1 act for this company is 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, Lichtervelde · 1 establishment unit since 2003
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.
Astridlaan 48810 LichterveldeGround area
662 m²
Building footprint
306 m²
Volume, LiDAR
1,584 m³
Parcel 36011F0298/00L000, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAREPHAR BVBA
since 20032.126.603.749
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011F0298/00L000 | Flanders | 662 m² | 1 · 306 m² | 12.1 m · 1 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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NOTIKA
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Of 5,222 companies in sector 47730 we hold annual accounts for 3,861. 3,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2003
Fiscal year end30-09
Activities, NACEBEL
47730Retail sale of pharmaceutical products
52310
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.