Summary
MARES has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €0 and a net result of -€266,023. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its net result ranks better than 5% of 8738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency-
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
22 d late
2023
30 d late
2022
169 d late
2021
32 d early
2020
11 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€0▼ 100%
2024 · €915,714
Total assets
€1.1m▼ 2.4%
2023 · €1.2m
Net result
-€266,023
2024 · €56,427
Working capital
€1.1m▲ 5.2%
2023 · €1.1m
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€879,800-€14,448-€4,546▲ 68.5%€41,153-€266,023
Net result€660,658-€9,866€11,360€56,427▲ 397%-€266,023
Equity€857,793▲ 269%€847,927▼ 1.2%€859,288▲ 1.3%€915,714▲ 6.6%€0▼ 100%
Total assets€1.2m▲ 71.2%€1.1m▼ 1.6%€1.2m▲ 1.4%€1.1m▼ 2.4%
Debt€88,265▼ 76.0%€79,439▼ 10.0%€84,047▲ 5.8%€0▼ 100%
Working capital€1.1m€1.1m▼ 1.8%€1.1m▲ 1.1%€1.1m▲ 5.2%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Equity -100% on 2024. Cause not known from the registers.
- 2021 Equity +269%, Total assets +71% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €266,023 after €41,153 in 2024, the lowest result in the available series.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €866,255 | - | - | €42,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €907 | €10,280 | €0 | €116 | - | - |
| Non-recurring operating charges66A | - | - | - | - | €266,023 | - |
| Gross operating margin9900 | €880,707 | -€4,168 | -€4,546 | €41,269 | - | - |
| Operating profit (loss)9901 | €879,800 | -€14,448 | -€4,546 | €41,153 | -€266,023 | ▼ 746% |
| Financial income75/76B | - | €5,810 | €15,961 | €16,508 | - | - |
| Recurring financial income75 | - | €5,810 | €15,961 | €16,508 | - | - |
| Financial charges65/66B | €2,578 | €1,228 | €54 | €1,234 | - | - |
| Recurring financial charges65 | €2,578 | €1,228 | €54 | €1,234 | - | - |
| Profit (loss) for the period before taxes9903 | €877,221 | -€9,866 | €11,360 | €56,427 | -€266,023 | ▼ 571% |
| Transfer to deferred taxes680 | €216,564 | - | - | - | - | - |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €660,658 | -€9,866 | €11,360 | €56,427 | -€266,023 | ▼ 571% |
| Transfer to tax-exempt reserves689 | €649,691 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,966 | -€9,866 | €11,360 | €56,427 | -€266,023 | ▼ 571% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.2m | €1.1m | - | - |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Land and buildings22 | €0 | - | - | - | - | - |
| Current assets29/58 | €1.2m | €1.1m | €1.2m | €1.1m | - | - |
| Amounts receivable after more than one year29 | - | €1.0m | €1.1m | €1.1m | - | - |
| Other amounts receivable291 | - | €1.0m | €1.1m | €1.1m | - | - |
| Amounts receivable within one year40/41 | €154,123 | €116 | €116 | €0 | - | - |
| Trade receivables40 | €10,181 | €0 | - | - | - | - |
| Other amounts receivable41 | €143,942 | €116 | €116 | €0 | - | - |
| Current investments50/53 | €800,000 | €65,467 | €65,467 | €0 | - | - |
| Cash at bank and in hand54/58 | €208,499 | €65,316 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | €0 | €5,810 | €21,771 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.2m | €1.1m | €0 | ▼ 100% |
| Equity10/15 | €857,793 | €847,927 | €859,288 | €915,714 | €0 | ▼ 100% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | - | - | - | €125,000 | - |
| Issued capital100 | - | - | - | - | €125,000 | - |
| Revaluation surpluses12 | €0 | - | - | - | - | - |
| Reserves13 | €662,191 | €662,191 | €662,191 | €662,191 | €12,500 | ▼ 98.1% |
| Non-distributable reserves130/1 | €12,500 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €12,500 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €649,691 | €649,691 | €649,691 | €649,691 | €0 | ▼ 100% |
| Distributable reserves133 | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | €70,602 | €60,736 | €72,096 | €128,523 | -€137,500 | ▼ 207% |
| Provisions and deferred taxes16 | €216,564 | €216,564 | €216,564 | €216,564 | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Major repairs and maintenance162 | €0 | - | - | - | - | - |
| Deferred taxes168 | €216,564 | €216,564 | €216,564 | €216,564 | - | - |
| Amounts payable17/49 | €88,265 | €79,439 | €84,047 | €0 | - | - |
| Amounts payable after more than one year17 | €10,000 | €0 | - | - | - | - |
| Financial debts170/4 | €10,000 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €78,265 | €79,439 | €84,047 | €0 | - | - |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Financial debts43 | - | - | €61 | €0 | - | - |
| Credit institutions430/8 | - | - | €61 | €0 | - | - |
| Trade debts44 | €0 | - | €4,546 | €0 | - | - |
| Suppliers440/4 | €0 | - | €4,546 | €0 | - | - |
| Other amounts payable47/48 | €78,265 | €79,439 | €79,439 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €660,658 | -€9,866 | €11,360 | €56,427 | -€266,023 | ▼ 571% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €660,658 | -€9,866 | €11,360 | €56,427 | -€266,023 | ▼ 571% |
| Change in cash | - | -€143,183 | -€65,316 | - | - | - |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet -€266,023
Net result drops to -€266,023, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 169 days late
2023
31-12
Financial
Back to profitnet €11,360
Net result €11,360 after one loss-making year.
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €660,658
Net result €660,658 after one loss-making year.
31-12
Financial
Liquidity times 169current ratio 14.85
Current ratio from 0.09 to 14.85; short-term debt falls from €231,412 to €78,265.
31-12
Financial
Equity above €500,000Eq €857,793 ▲269%
Equity rises from €232,317 to €857,793.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 211 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Gent · 1 establishment unit since 2005
Ground area
2,239 m²
Building footprint
241 m²
Volume, LiDAR
1,784 m³
Parcel 44362B0186/00X000, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MARES BVBA
since 20052.150.689.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0186/00X000 | Flanders | 2,239 m² | 1 · 241 m² | 15.5 m · 3 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 5,712 companies in sector 70100 we hold annual accounts for 3,504. 1,952 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
Founded02-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
68110Buying and selling of own real estate
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877906022
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.