Mari - team
ActiveMari - team has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €19k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 961 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▲+17
Solvency62▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.4 in 2024; short-term debt: 62.7% and cash: 16.4% of total assets), and 63.1% 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 52
Relative position
BE, all sectors
reference
Sector 52
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
36.9%
Return on assets
4.3%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
31 d early
2023
28 d early
2022
29 d late
2021
18 d early
2020
59 d late
2019
45 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€162k▲ 13.1%
2024 · €143k
2018: €116k
2019: €125k
2020: €140k
2021: €154k
2022: €164k
2023: €137k
2024: €143k
2018 → 2025
Total assets
€439k▲ 9.1%
2024 · €402k
2018: €643k
2019: €647k
2020: €656k
2021: €670k
2022: €674k
2023: €364k
2024: €402k
2018 → 2025
Net result
€19k▲ 181%
2024 · €7k
2018: €26k
2019: €9k
2020: €15k
2021: €14k
2022: €10k
2023: €-27k
2024: €7k
2018 → 2025
Working capital
€129k▲ 27.4%
2024 · €102k
2018: €-281k
2019: €-276k
2020: €-260k
2021: €-228k
2022: €-196k
2023: €85k
2024: €102k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€154k-€164k▲ 6.6%€137k▼ 16.7%€143k▲ 4.9%€162k▲ 13.1%
Operating result€34k-€46k▲ 38.3%€-276k€19k€30k▲ 52.3%
Net result€14k-€10k▼ 27.8%€-27k€7k€19k▲ 181%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439k
Fixed assets
€34k▼ 22.4%
Current assets
€405k▲ 13.0%
Equity and liabilities €439k
Equity
€162k▲ 13.1%
Debt
€277k▲ 6.9%
The debt ratio falls from 64.4% to 63.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▲
2024 · €29k
Cash flow
€29k▲
2024 · €16k
Solvency
36.9%▲
2024 · 35.6%
Current ratio
1.47▲
2024 · 1.40
Quick ratio
0.97▲
2024 · 0.96
Debt / equity
1.71▼
2024 · 1.81
ROE
11.6%▲
2024 · 4.7%
ROA
4.3%▲
2024 · 1.7%
Interest coverage
3.91▲
2024 · 2.33
Debt
€277k▲
2024 · €259k
Debt ≤ 1 year
€275k▲
2024 · €257k
Income taxes
€796▲
2024 · €405
Staff costs
€9k▲
2024 · €5k
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€402k€439k▲
Fixed assets21/28€44k€34k▼
Tangible fixed assets22/27€33k€24k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€16k€12k▼
Financial fixed assets28€11k€11k=
Current assets29/58€358k€405k▲
Stocks and contracts in progress3€112k€137k▲
Stocks30/36€112k€137k▲
Amounts receivable within one year40/41€156k€170k▲
Trade receivables40€141k€150k▲
Other amounts receivable41€15k€20k▲
Cash at bank and in hand54/58€63k€72k▲
Deferred charges and accrued income490/1€27k€26k▼
Equity and liabilities
Total equity and liabilities10/49€402k€439k▲
Equity10/15€143k€162k▲
Contributions10/11€40k€40k=
Reserves13€103k€122k▲
Distributable reserves133€103k€122k▲
Amounts payable17/49€259k€277k▲
Amounts payable within one year42/48€257k€275k▲
Financial debts43€106k€100k▼
Credit institutions430/8€100k€100k=
Other loans439€6k€0▼
Trade debts44€89k€87k▼
Suppliers440/4€89k€87k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€52k€64k▲
Taxes450/3€51k€64k▲
Remuneration and social security454/9€708€0▼
Other amounts payable47/48€10k€22k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€5k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€150k€193k▲
Non-recurring operating charges66A€18k€18k=
Gross operating margin9900€202k€259k▲
Operating profit (loss)9901€19k€30k▲
Financial income75/76B€173€145▼
Recurring financial income75€173€145▼
Non-recurring financial income76B€0-
Financial charges65/66B€12k€10k▼
Recurring financial charges65€12k€10k▼
Profit (loss) for the period before taxes9903€7k€20k▲
Income taxes67/77€405€796▲
Profit (loss) for the period9904€7k€19k▲
Profit (loss) for the period to be appropriated9905€7k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€19k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€7k€19k▲
To other reserves6921€7k€19k▲
The notes to these accounts (13 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €162k ▲13.1%
2 profitable years in a row build equity to €162k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-27k ▼370%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.38
Current ratio from 0.62 to 1.38; short-term debt falls from €510k to €227k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €154k ▲10%
4 profitable years in a row build equity to €154k.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 72 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 288 days late
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, Brecht · 1 establishment unit since 2007
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.
Vaartkant Rechts 72960 BrechtGround area
8,271 m²
Building footprint
2,789 m²
Volume, LiDAR
1,892 m³
Parcel 11043D0336/00D000, Flanders · tallest building 6.7 m. Linked by address, not a title deed.
1 establishment unit
Armador Energy
since 20072.166.754.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0336/00D000 | Flanders | 8,271 m² | 1 · 2,789 m² | 6.7 m |
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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BRUMOFOOD
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Of 1,493 companies in sector 52220 we hold annual accounts for 725. 587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2007
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
52220Warehousing and support activities for transportation
63220
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@mari-team.be
Phone:035412522
E-mail:info@armador-energy.be