Mares David

Active

Private limited companyfounded 20215 yrs activeDoornenbilkstraat 10, 8450 Bredene, BelgiumKBO/BCE: BE 0763.406.034

Summary

The computed 12-month bankruptcy probability of Mares David is 2.0% (moderate). The 2025 annual accounts show equity of €87k and a net result of €32k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 56% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

69 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability93▲+93

Solvency78▲+26

Growth32=

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity ample (current ratio 2.19 against 1.37 in 2024; short-term debt: 44% and cash: 23.2% of total assets), and 47.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

52.8%

Return on assets

19.3%

Age of the figures

12 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

21 d early

2024

22 d early

2023

32 d early

2022

4 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€87k▲ 57.8%

2024 · €55k

2022: €91k 2023: €92k 2024: €55k

2022 → 2025

Total assets

€166k▼ 19.2%

2024 · €205k

2022: €317k 2023: €199k 2024: €205k

2022 → 2025

Net result

€32k

2024 · €-37k

2022: €90k 2023: €399 2024: €-37k

2022 → 2025

Working capital

€87k▲ 78.3%

2024 · €49k

2022: €102k 2023: €85k 2024: €49k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€91k-€92k▲ 0.4%€55k▼ 39.7%€87k▲ 57.8%

Operating result€140k-€3k▼ 97.6%€-30k€39k

Net result€90k-€399▼ 99.6%€-37k€32k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €39k after a loss of €30k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €166k

96.4%

Fixed assets €6k ▼ 74.8%

Current assets €160k ▼ 11.9%

Equity and liabilities €166k

52.8%

47.2%

Equity €87k ▲ 57.8%

Debt €78k ▼ 47.7%

Debt's share of the balance-sheet total falls from 73.0% to 47.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€47k▲

2024 · €-15k

Cash flow

€40k▲

2024 · €-22k

Current ratio

2.19▲

2024 · 1.37

Quick ratio

1.95▲

2024 · 1.03

Debt to equity

0.89▼

2024 · 2.70

ROE

36.6%▲

2024 · -65.9%

ROA

19.3%▲

2024 · -17.8%

Interest coverage

12.07▲

2024 · -2.00

Debt ≤ 1 year

€73k▼

2024 · €133k

Debt > 1 year

€5k▼

2024 · €17k

Income taxes

€3k

Staff costs

€22k▼

2024 · €53k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines

Balance sheet Code20242025

Assets

Total assets20/58€205k€166k▼

Fixed assets21/28€24k€6k▼

Tangible fixed assets22/27€24k€6k▼

Plant, machinery and equipment23€6k€3k▼

Furniture and vehicles24€18k€3k▼

Current assets29/58€181k€160k▼

Stocks and contracts in progress3€45k€18k▼

Stocks30/36€35k€15k▼

Contracts in progress37€10k€3k▼

Amounts receivable within one year40/41€110k€103k▼

Trade receivables40€100k€94k▼

Other amounts receivable41€9k€10k▲

Cash at bank and in hand54/58€27k€38k▲

Equity and liabilities

Total equity and liabilities10/49€205k€166k▼

Equity10/15€55k€87k▲

Contributions10/11€1k€1k=

Reserves13€91k€91k=

Distributable reserves133€91k€91k=

Profit (loss) carried forward14€-37k€-4k▲

Amounts payable17/49€150k€78k▼

Amounts payable after more than one year17€17k€5k▼

Financial debts170/4€17k€5k▼

Amounts payable within one year42/48€133k€73k▼

Current portion of amounts payable after more than one year42€14k€12k▼

Trade debts44€114k€53k▼

Suppliers440/4€114k€53k▼

Advances received on contracts in progress46-€713

Taxes, remuneration and social security45€2k€7k▲

Taxes450/3€734€4k▲

Remuneration and social security454/9€1k€3k▲

Other amounts payable47/48€2k€1k▼

Income statement Code20242025

Remuneration, social security and pensions62€53k€22k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€8k▼

Other operating charges640/8€972€2k▲

Non-recurring operating charges66A-€1k

Gross operating margin9900€39k€73k▲

Operating profit (loss)9901€-30k€39k▲

Financial income75/76B€358€30▼

Recurring financial income75€358€30▼

Financial charges65/66B€7k€4k▼

Recurring financial charges65€7k€4k▼

Profit (loss) for the period before taxes9903€-37k€35k▲

Income taxes67/77-€3k

Profit (loss) for the period9904€-37k€32k▲

Profit (loss) for the period to be appropriated9905€-37k€32k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-37k€-4k▲

Profit (loss) brought forward from the previous period14P-€-37k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 30-04-2027

2026

09-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Back to profitnet €32k

Net result €32k after one loss-making year.

08-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-09

Financial Weakest financial yearnet €-37k ▼9246%

Net result drops to €-37k, the lowest in the series; recovery starts the following year.

29-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

26-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Bredene · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Doornenbilkstraat 108450 Bredene

Ground area

206 m²

Building footprint

87 m²

Volume, LiDAR

461 m³

Parcel 35002B0060/00H004, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Mares David

Doornenbilkstraat 10, 8450 BredeneManufacture of furniture

since 20212.313.407.141

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35002B0060/00H004	Flanders	206 m²	1 · 87 m²	9.8 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 263 EUR awarded · 263 EUR paid

Year	Entries	awarded	paid
2022	1	263 EUR	263 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 263 EUR · 263 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Deerlijk · Eq €87,508

Moorslede · Eq €87,688

HB Services Group

BE 0737.648.574

Elsene · Eq €87,706

Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 3,067 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-02-2021

Fiscal year end30-09

Activities, NACEBEL 2025

43221Plumbing work

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.