Result
€4,940 ▼ 95.6%
The result fell in 2025: different schema filed.
MARES & C°
Lifetime
10 annual accounts with figures on one time axispeak €1,782 (2020)
-€5,081▼ €3,637
lowest -€36,349 (2018)
€4,940▼ 95.6%
peak €2.3m (2025)
€2.3m▲ 0.2%
€766▲ 36.9%
Board1 name since 2015
1 directorMarescaux Alain
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€1,444 to -€5,081Result from €111,594 to €4,940Debts from €560 to €766Cash from €193,960 to €53,353
Key points
from the 2025 annual accountsFilings
10 annual accounts 1 late
The 2025 accounts came 31 days late. The other nine were filed on time.
At the same address
102 companies
Checked score
94
Excellent
Financially stronger than 52% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Liquidity: current ratio 2864.52, cash €53,353, halved
lowers risk
Size: total assets €2.3m
Equity €2.3m (100.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 82% of them on solvency, 68% on liquidity, 11% on profitability and 47% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as MARES & C° has now. Each dot stands for 16 companies, two years later.
96.0%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of MARES & C° itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for MARES & C°. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €220,000 on 30-day terms is acceptable
Short-term debt is 0% and cash 2.3% of total assets. 0% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
20 days early
2023
35 days early
2022
31 days early
2021
31 days early
2020
31 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 21 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MA
Marescaux Alain
Director, since 30-12-2015
Shares in 1 company, AQUA POWER
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0645721674
Incorporation
published on 11-01-2016 · Gazette deed
First establishment
Livornostraat 7, Sint-Gillis (bij-Brussel)
Official details
Source: KBO- Status
- Active since 07-01-2016Normal situation
- Registered office
- 104 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.249.098.4181060 Sint-Gillis (bij-Brussel), since 07-01-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 22-05-2025
Insights on MARES & C°
MARES & C° files the abbreviated format. That format states no turnover. The gross margin fell from -€2,057 in 2016 to -€5,081 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MARES & C°
- What is the company number of MARES & C°?
- The company number of MARES & C° is 0645.721.674. The VAT number is the same number with BE in front: BE 0645.721.674.
- Where is MARES & C° based?
- The registered office is at Livornostraat 7, 1060 Sint-Gillis (bij-Brussel).Company details
- What is the legal form of MARES & C°?
- MARES & C° is a private limited company (pre-2019) (BVBA).
- When was MARES & C° founded?
- MARES & C° was founded on 07-01-2016.
- Is MARES & C° still active?
- Yes, MARES & C° is an active enterprise in the KBO register.
- What is the turnover of MARES & C°?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is MARES & C° profitable?
- In financial year 2025, MARES & C° made a profit of €4,940.
- Where can I find the annual accounts of MARES & C°?
- MARES & C° filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARES & C° due?
- MARES & C° must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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