MARICAU
ActiveThe computed 12-month bankruptcy probability of MARICAU is 1.6% (moderate). The 2025 annual accounts show negative equity (€-35k) and a net result of €-7k. Equity is shrinking by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 13044 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33▼-3
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.62 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 56
Relative position
BE, all sectors
reference
Sector 56
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-111.5%
Return on assets
-22.9%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€35k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
35 d early
2022
31 d late
2021
31 d late
2020
59 d late
2019
87 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-35k▼ 25.9%
2024 · €-28k
2018: €14k
2019: €10k
2020: €-6k
2021: €-15k
2022: €-12k
2023: €-16k
2024: €-28k
2018 → 2025
Total assets
€32k▼ 42.5%
2024 · €55k
2018: €97k
2019: €92k
2020: €77k
2021: €68k
2022: €70k
2023: €67k
2024: €55k
2018 → 2025
Net result
€-7k▲ 41.2%
2024 · €-12k
2018: €-8k
2019: €-4k
2020: €-16k
2021: €-9k
2022: €2k
2023: €-3k
2024: €-12k
2018 → 2025
Working capital
€-34k▼ 7.8%
2024 · €-32k
2018: €-26k
2019: €-22k
2020: €-31k
2021: €-35k
2022: €-27k
2023: €-24k
2024: €-32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-15k-€-12k▲ 15.4%€-16k▼ 27.1%€-28k▼ 78.6%€-35k▼ 25.9%
Operating result€-9k-€2k€-3k€-12k▼ 280%€-7k▲ 42.2%
Net result€-9k-€2k€-3k€-12k▼ 268%€-7k▲ 41.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €12k in 2024; the loss shrinks.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-8k
Cash flow
€-3k▲
2024 · €-8k
Solvency
-111.5%▼
2024 · -50.9%
Current ratio
0.48▼
2024 · 0.62
Quick ratio
0.48▼
2024 · 0.62
Debt / equity
-1.90▲
2024 · -2.96
ROE
20.6%▼
2024 · 44.0%
ROA
-22.9%▼
2024 · -22.4%
Interest coverage
-12.95▲
2024 · -34.60
Debt
€67k▼
2024 · €83k
Debt ≤ 1 year
€66k▼
2024 · €83k
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€55k€32k▼
Fixed assets21/28€4k€0▼
Tangible fixed assets22/27€4k€0▼
Land and buildings22€4k€0▼
Furniture and vehicles24€0-
Current assets29/58€51k€32k▼
Amounts receivable within one year40/41€0€46▲
Trade receivables40€0-
Other amounts receivable41-€46
Cash at bank and in hand54/58€51k€31k▼
Deferred charges and accrued income490/1€683€712▲
Equity and liabilities
Total equity and liabilities10/49€55k€32k▼
Equity10/15€-28k€-35k▼
Contributions10/11€19k€19k=
Reserves13€50k€50k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€10k€10k=
Distributable reserves133€38k€39k▲
Profit (loss) carried forward14€-97k€-104k▼
Amounts payable17/49€83k€67k▼
Amounts payable within one year42/48€83k€66k▼
Financial debts43€29k€29k=
Credit institutions430/8€0-
Other loans439€29k€29k=
Trade debts44€676€155▼
Suppliers440/4€676€155▼
Other amounts payable47/48€54k€37k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A€0€396▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-6k€-1k▲
Operating profit (loss)9901€-12k€-7k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€218€251▲
Recurring financial charges65€218€251▲
Profit (loss) for the period before taxes9903€-12k€-7k▲
Profit (loss) for the period9904€-12k€-7k▲
Profit (loss) for the period to be appropriated9905€-12k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-97k€-104k▼
Profit (loss) brought forward from the previous period14P€-84k€-97k▼
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
WILLEMS Anja
CurrentDirector · since 18-06-2025
MARICAU Luc
CurrentDirector · since 19-02-2025
18-06-2025
WILLEMS Anja: Appointed as Director
19-02-2025
MARICAU Luc: Resigned as Director
19-02-2025
MARICAU Luc: Appointed as Director
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 1947
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.
Grote Branderstraat 178908 IeperGround area
2,035 m²
Building footprint
559 m²
Volume, LiDAR
2,631 m³
2 parcels, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grote Branderstraat 15, 8908 Ieper
since 19472.039.669.676
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026G0199/00Y000 | Flanders | 1,439 m² | 1 · 421 m² | 9.3 m · 1 fl. |
| 33026G0199/00Z000 | Flanders | 596 m² | 1 · 138 m² | 7.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteIeper2.039.669.676
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SOROSTA
BE 0451.238.456
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Of 13,834 companies in sector 56301 we hold annual accounts for 4,807. 3,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
01130Growing of vegetables, melons, roots and tubers
01309Crop and animal production, hunting and related service activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.