Skip to content

Mareterra

Active
Public limited companyfounded 198343 yrs activeKaaistraat 10, 9900 Eeklo, BelgiumKBO/BCE: BE 0425.321.046
Summary

Mareterra has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €59,060. Equity is growing by ~13.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74=
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 3.42 against 4.74 in 2024; short-term debt: 13.8% and cash: 18.3% of total assets), and 13.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 43 years 0 50 y
lowers risk · 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
86.2%
Return on assets
4.1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
38 d early
2023
42 d early
2022
40 d early
2021
20 d early
2020
23 d early
2019
37 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 32 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

Mareterra was incorporated on 25 August 1983.1 Total assets rose from EUR 948,269 in 2018 to EUR 1.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€1.2m▼ 9.7%
2024 · €1.4m
Total assets
€1.4m▼ 5.8%
2024 · €1.5m
Net result
€59,060▼ 4.8%
2024 · €62,030
Working capital
€478,542▼ 16.9%
2024 · €575,755
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at 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
Line20212022202320242025
Operating result€126,556▲ 29.0%€1.4m▲ 982%€73,247▼ 94.6%€70,787▼ 3.4%€67,219▼ 5.0%
Net result€77,262▲ 40.0%€1.0m▲ 1,213%€57,970▼ 94.3%€62,030▲ 7.0%€59,060▼ 4.8%
Equity€588,992▲ 0.7%€1.5m▲ 160%€1.5m▼ 1.0%€1.4m▼ 9.2%€1.2m▼ 9.7%
Total assets€1.3m▼ 0.6%€1.7m▲ 25.9%€1.6m▼ 5.8%€1.5m▼ 4.3%€1.4m▼ 5.8%
Debt€756,824▼ 1.5%€165,636▼ 78.1%€83,589▼ 49.5%€154,049▲ 84.3%€198,150▲ 28.6%
Working capital-€159,196▲ 68.1%€660,781€679,198▲ 2.8%€575,755▼ 15.2%€478,542▼ 16.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€500,000€1.0m€1.5mOperating result 2021: €126,556€126,556Net result 2021: €77,262€77,262Operating result 2022: €1.4m€1.4mNet result 2022: €1.0m€1.0mOperating result 2023: €73,247€73,247Net result 2023: €57,970€57,970Operating result 2024: €70,787€70,787Net result 2024: €62,030€62,030Operating result 2025: €67,219€67,219Net result 2025: €59,060€59,06020212022202320242025€0€20,000€40,000€60,000€80,000Operating result 2023: €73,247€73,200Net result 2023: €57,970€58,000Operating result 2024: €70,787€70,800Net result 2024: €62,030€62,000Operating result 2025: €67,219€67,200Net result 2025: €59,060€59,100202320242025
The operating result has fallen three years in a row; 2025 is 5% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €762,365 ▼ 4.5%
Current assets €676,692 ▼ 7.3%
Equity and liabilities €1.4m
Equity €1.2m ▼ 9.7%
Provisions €236 ▼ 33.3%
Debt €198,150 ▲ 28.6%
Debt's share of the balance-sheet total rises from 10.1% to 13.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€103,102▼
2024 · €106,850
Cash flow
€94,942▼
2024 · €98,093
Current ratio
3.42▼
2024 · 4.74
Debt to equity
0.16▲
2024 · 0.11
ROE
4.8%▲
2024 · 4.5%
ROA
4.1%▲
2024 · 4.1%
Interest coverage
432.71▼
2024 · 587.83
Debt ≤ 1 year
€198,150▲
2024 · €154,049
Income taxes
€25,435▼
2024 · €26,409
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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 14,732 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 · 56 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.4m▼
Fixed assets21/28€798,610€762,365▼
Tangible fixed assets22/27€798,610€762,365▼
Land and buildings22€706,969€672,068▼
Furniture and vehicles24€2,565€1,222▼
Other tangible fixed assets26€89,076€89,076=
Current assets29/58€729,804€676,692▼
Amounts receivable within one year40/41€394€4,252▲
Trade receivables40€0-
Other amounts receivable41€394€4,252▲
Current investments50/53€550,000€400,000▼
Cash at bank and in hand54/58€175,199€263,791▲
Deferred charges and accrued income490/1€4,211€8,650▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.4m▼
Equity10/15€1.4m€1.2m▼
Contributions10/11€66,000€66,000=
Capital10€66,000€66,000=
Issued capital100€66,000€66,000=
Reserves13€434,342€473,987▲
Non-distributable reserves130/1€15,161€15,161=
Legal reserve130€15,161€15,161=
Tax-exempt reserves132€1,063€709▼
Distributable reserves133€418,117€458,117▲
Profit (loss) carried forward14€873,669€700,684▼
Provisions and deferred taxes16€354€236▼
Deferred taxes168€354€236▼
Amounts payable17/49€154,049€198,150▲
Amounts payable within one year42/48€154,049€198,150▲
Trade debts44€769€1,274▲
Suppliers440/4€769€1,274▲
Taxes, remuneration and social security45€44,400€57,720▲
Taxes450/3€44,400€57,720▲
Other amounts payable47/48€108,880€139,156▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,064€35,882▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1,732-€1,738▼
Other operating charges640/8€18,287€12,864▼
Non-recurring operating charges66A-€363
Gross operating margin9900€123,405€114,591▼
Operating profit (loss)9901€70,787€67,219▼
Financial income75/76B€17,716€17,396▼
Recurring financial income75€17,716€17,396▼
Financial charges65/66B€182€238▲
Recurring financial charges65€182€238▲
Profit (loss) for the period before taxes9903€88,321€84,377▼
Transfer from deferred taxes780€118€118=
Income taxes67/77€26,409€25,435▼
Profit (loss) for the period9904€62,030€59,060▼
Transfer from tax-exempt reserves789€354€354=
Profit (loss) for the period to be appropriated9905€62,384€59,415▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.1m€933,084▼
Profit (loss) brought forward from the previous period14P€999,285€873,669▼
Transfer from equity791/2€53,418€0▼
Transfer to equity691/2€40,000€40,000=
To other reserves6921€40,000€40,000=
Profit to be distributed694/7€201,418€192,400▼
Return on contributions (dividend)694€201,418€192,400▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€1.4m€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58,882€35,991€36,064€36,064€35,882▼ 0.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€881€4,084-€1,732-€1,738▼ 0.3%
Other operating charges640/8€19,118€14,483€14,725€18,287€12,864▼ 29.7%
Non-recurring operating charges66A-€5,380€0-€363-
Gross operating margin9900€204,556€1.4m€128,119€123,405€114,591▼ 7.1%
Operating profit (loss)9901€126,556€1.4m€73,247€70,787€67,219▼ 5.0%
Financial income75/76B€49€329€4,488€17,716€17,396▼ 1.8%
Recurring financial income75€49€329€4,488€17,716€17,396▼ 1.8%
Financial charges65/66B€18,625€11,078€227€182€238▲ 31.1%
Recurring financial charges65€18,625€11,078€227€182€238▲ 31.1%
Profit (loss) for the period before taxes9903€107,979€1.4m€77,508€88,321€84,377▼ 4.5%
Transfer from deferred taxes780€118€118€118€118€118=
Income taxes67/77€30,835€343,659€19,656€26,409€25,435▼ 3.7%
Profit (loss) for the period9904€77,262€1.0m€57,970€62,030€59,060▼ 4.8%
Transfer from tax-exempt reserves789€354€354€354€354€354=
Profit (loss) for the period to be appropriated9905€77,616€1.0m€58,324€62,384€59,415▼ 4.8%
Line20212022202320242025Change
Assets
Total assets20/58€1.3m€1.7m€1.6m€1.5m€1.4m▼ 5.8%
Fixed assets21/28€1.0m€869,239€834,674€798,610€762,365▼ 4.5%
Tangible fixed assets22/27€1.0m€869,239€834,674€798,610€762,365▼ 4.5%
Land and buildings22€956,450€776,772€741,871€706,969€672,068▼ 4.9%
Furniture and vehicles24€1,944€3,391€3,727€2,565€1,222▼ 52.4%
Other tangible fixed assets26€70,502€89,076€89,076€89,076€89,076=
Financial fixed assets28€0-----
Current assets29/58€317,628€826,417€762,787€729,804€676,692▼ 7.3%
Stocks and contracts in progress3€18,574€0----
Stocks30/36€18,574€0----
Amounts receivable within one year40/41€0-€7,857€394€4,252▲ 980%
Trade receivables40--€1,174€0--
Other amounts receivable41€0-€6,683€394€4,252▲ 980%
Current investments50/53-€200,000€550,000€550,000€400,000▼ 27.3%
Cash at bank and in hand54/58€295,870€622,797€197,549€175,199€263,791▲ 50.6%
Deferred charges and accrued income490/1€3,183€3,620€7,381€4,211€8,650▲ 105%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.7m€1.6m€1.5m€1.4m▼ 5.8%
Equity10/15€588,992€1.5m€1.5m€1.4m€1.2m▼ 9.7%
Contributions10/11€66,000€66,000€66,000€66,000€66,000=
Capital10€66,000€66,000€66,000€66,000€66,000=
Issued capital100€66,000€66,000€66,000€66,000€66,000=
Reserves13€457,824€497,469€448,115€434,342€473,987▲ 9.1%
Non-distributable reserves130/1€15,161€15,161€15,161€15,161€15,161=
Legal reserve130€15,161€15,161€15,161€15,161€15,161=
Tax-exempt reserves132€2,127€1,772€1,418€1,063€709▼ 33.3%
Distributable reserves133€440,536€480,536€431,536€418,117€458,117▲ 9.6%
Profit (loss) carried forward14€65,168€965,961€999,285€873,669€700,684▼ 19.8%
Provisions and deferred taxes16€708€590€472€354€236▼ 33.3%
Deferred taxes168€708€590€472€354€236▼ 33.3%
Amounts payable17/49€756,824€165,636€83,589€154,049€198,150▲ 28.6%
Amounts payable after more than one year17€280,000€0----
Financial debts170/4€280,000€0----
Amounts payable within one year42/48€476,824€165,636€83,589€154,049€198,150▲ 28.6%
Current portion of amounts payable after more than one year42€40,000€0----
Trade debts44€5,147€3,316€3,533€769€1,274▲ 65.6%
Suppliers440/4€5,147€3,316€3,533€769€1,274▲ 65.6%
Taxes, remuneration and social security45€15,114€68,659€22,200€44,400€57,720▲ 30.0%
Taxes450/3€15,114€68,659€22,200€44,400€57,720▲ 30.0%
Other amounts payable47/48€416,562€93,661€57,856€108,880€139,156▲ 27.8%
Accrued charges and deferred income492/3€0-----
Line20212022202320242025Change
Profit (loss) for the period9904€77,262€1.0m€57,970€62,030€59,060▼ 4.8%
+ Depreciation and write-downs630€58,882€35,991€36,064€36,064€35,882▼ 0.5%
Operating cash flow (approximation)€136,144€1.1m€94,033€98,093€94,942▼ 3.2%
Investment in fixed assets (approximation)-€123,666-€1,498€0€363-
Change in cash-€326,927-€425,248-€22,350€88,591▲ 496%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2018net €1.0m ▲1,213%
Operating result €1.4m, net result €1.0m, both a record.
31-12
Financial Liquidity times 7current ratio 4.99
Current ratio from 0.67 to 4.99; short-term debt falls from €476,824 to €165,636.
31-12
Financial Equity above €1mEq €1.5m ▲160%
5 profitable years in a row build equity to €1.5m.
11-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Weakest financial yearnet €52,572 ▼35.4%
Net result drops to €52,572, the lowest in the series; recovery starts the following year.
25-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Eeklo · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
199 m²
Building footprint
199 m²
Volume, LiDAR
1,307 m³
Parcel 43352E0984/00R000, Flanders · tallest building 16.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARETERRA
Kaaistraat 10, 9900 EekloAir transport
since 19832.022.823.449
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43352E0984/00R000 Flanders 199 m² 1 · 199 m² 16.1 m · 2 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.

Company details

Identification
Legal formPublic limited company
Founded25-08-1983
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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