Mariel
ActiveSummary
The annual accounts of Mariel for fiscal year 2025 show a net loss of 77% of total assets and of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €27,247 and a net result of -€44,782. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 14462 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Real estate agency activities
NACE 68310NACE 68311
1 site
How big
€58,118total assets 2025
- Equity
- €27,247
- Loss
- -€44,782
Turnover not published (abridged schema)
Who decides
Accounts 31 d early0 of 4 deeds read
Why 57- Annual accounts: weaker financial profile- Persistent losses+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency72▼-28
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.73 against 6.14 in 2024; short-term debt: 50.2% and cash: 34.9% of total assets), and 53.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
46.9%
Return on assets
-77.1%
Age of the figures
9 mo
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€44,782
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
1 d late
2023
1 d early
2022
31 d early
2021
4 d late
2020
3 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 31 July (5 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€44,782
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €58,118Loss -€44,782Solvency 46.9%Liquidity 0.73
Total assets
€58,118▼ 26.1%
2018 - 2025
Net result
-€44,782▼ 50.0%
2018 - 2025
Equity
€27,247▼ 62.2%
2018 - 2025
Staff (FTE)
0.3▲ 200%
2019 - 2022
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,265▲ 32.9%€61,583▲ 11.4%€23,415▼ 62.0%-€28,529-€43,196▼ 51.4%
Net result€46,617above the sector's middle half▲ 26.1%€52,968above the sector's middle half▲ 13.6%€14,995within the sector's middle half▼ 71.7%-€29,849below the sector's middle half-€44,782below the sector's middle half▼ 50.0%
Equity€70,348within the sector's middle half▲ 42.0%€87,716within the sector's middle half▲ 24.7%€101,878within the sector's middle half▲ 16.1%€72,029within the sector's middle half▼ 29.3%€27,247within the sector's middle half▼ 62.2%
Total assets€177,945within the sector's middle half▼ 5.6%€150,036below the sector's middle half▼ 15.7%€119,719below the sector's middle half▼ 20.2%€78,632below the sector's middle half▼ 34.3%€58,118below the sector's middle half▼ 26.1%
Debt€107,597▼ 22.6%€62,320▼ 42.1%€17,841▼ 71.4%€6,603▼ 63.0%€30,871▲ 368%
Working capital-€9,745within the sector's middle half▲ 69.0%€19,456within the sector's middle half€51,813within the sector's middle half▲ 166%€25,484within the sector's middle half▼ 50.8%-€7,841within the sector's middle half
Solvency39.5%within the sector's middle half▲ 13.3pp58.5%within the sector's middle half▲ 18.9pp85.1%above the sector's middle half▲ 26.6pp91.6%above the sector's middle half▲ 6.5pp46.9%within the sector's middle half▼ 44.7pp
Current ratio0.91within the sector's middle half▲ 0.151.31within the sector's middle half▲ 0.404.18above the sector's middle half▲ 2.876.14above the sector's middle half▲ 1.960.73within the sector's middle half▼ 5.41
Return on assets (ROA)26.2%above the sector's middle half▲ 6.6pp35.3%above the sector's middle half▲ 9.1pp12.5%above the sector's middle half▼ 22.8pp-38.0%below the sector's middle half▼ 50.5pp-77.1%below the sector's middle half▼ 39.1pp
Staff (FTE)0.10.3▲ 200%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43,196 in 2025 against €28,529 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,118
Fixed assets
€36,787 ▼ 23.7%
Current assets
€21,330 ▼ 29.9%
Equity and liabilities €58,118
Equity
€27,247 ▼ 62.2%
Debt
€30,871 ▲ 368%
Debt's share of the balance-sheet total rises from 8.4% to 53.1%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€31,797▼
2024 · -€17,924
Cash flow
-€33,383▼
2024 · -€19,245
Debt to equity
1.13▲
2024 · 0.09
ROE
-164.4%▼
2024 · -41.4%
Interest coverage
-19.29▼
2024 · -8.93
Debt ≤ 1 year
€29,171▲
2024 · €4,961
Income taxes
€137▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 4,805 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €837 | €3,906 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,670 | €16,623 | €10,477 | €10,604 | €11,400 | ▲ 7.5% |
| Other operating charges640/8 | €2,144 | €2,194 | €13,599 | €1,108 | €2,197 | ▲ 98.3% |
| Gross operating margin9900 | €75,916 | €84,306 | €47,491 | -€16,816 | -€29,599 | ▼ 76.0% |
| Operating profit (loss)9901 | €55,265 | €61,583 | €23,415 | -€28,529 | -€43,196 | ▼ 51.4% |
| Financial income75/76B | - | €1 | €278 | €815 | €199 | ▼ 75.6% |
| Recurring financial income75 | - | €1 | €278 | €815 | €199 | ▼ 75.6% |
| Financial charges65/66B | €1,119 | €327 | €1,428 | €2,007 | €1,648 | ▼ 17.9% |
| Recurring financial charges65 | €1,119 | €327 | €1,428 | €2,007 | €1,648 | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €54,145 | €61,257 | €22,265 | -€29,721 | -€44,645 | ▼ 50.2% |
| Income taxes67/77 | €7,528 | €8,289 | €7,270 | €128 | €137 | ▲ 6.9% |
| Profit (loss) for the period9904 | €46,617 | €52,968 | €14,995 | -€29,849 | -€44,782 | ▼ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €46,617 | €52,968 | €14,995 | -€29,849 | -€44,782 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,945 | €150,036 | €119,719 | €78,632 | €58,118 | ▼ 26.1% |
| Fixed assets21/28 | €81,286 | €68,260 | €51,605 | €48,187 | €36,787 | ▼ 23.7% |
| Tangible fixed assets22/27 | €81,086 | €68,260 | €51,605 | €48,187 | €36,787 | ▼ 23.7% |
| Land and buildings22 | €60,634 | €52,309 | €40,753 | €33,296 | €25,838 | ▼ 22.4% |
| Plant, machinery and equipment23 | €5,605 | €8,968 | €4,629 | €9,428 | €6,232 | ▼ 33.9% |
| Furniture and vehicles24 | €14,848 | €6,983 | €6,223 | €5,463 | €4,717 | ▼ 13.6% |
| Financial fixed assets28 | €200 | - | - | - | - | - |
| Current assets29/58 | €96,659 | €81,776 | €68,114 | €30,445 | €21,330 | ▼ 29.9% |
| Amounts receivable within one year40/41 | €10,781 | €16,037 | €7,923 | €3,361 | €1,067 | ▼ 68.3% |
| Trade receivables40 | €10,781 | €13,621 | €3,494 | €1,763 | €851 | ▼ 51.7% |
| Other amounts receivable41 | - | €2,416 | €4,429 | €1,598 | €216 | ▼ 86.5% |
| Current investments50/53 | - | - | €50,000 | - | - | - |
| Cash at bank and in hand54/58 | €83,532 | €61,273 | €9,283 | €27,084 | €20,263 | ▼ 25.2% |
| Deferred charges and accrued income490/1 | €2,347 | €4,466 | €907 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,945 | €150,036 | €119,719 | €78,632 | €58,118 | ▼ 26.1% |
| Equity10/15 | €70,348 | €87,716 | €101,878 | €72,029 | €27,247 | ▼ 62.2% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €57,948 | €75,316 | €89,478 | €89,478 | €89,478 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €56,088 | €73,456 | €89,478 | €89,478 | €89,478 | = |
| Profit (loss) carried forward14 | - | - | - | -€29,849 | -€74,631 | ▼ 150% |
| Amounts payable17/49 | €107,597 | €62,320 | €17,841 | €6,603 | €30,871 | ▲ 368% |
| Amounts payable within one year42/48 | €106,404 | €62,320 | €16,301 | €4,961 | €29,171 | ▲ 488% |
| Current portion of amounts payable after more than one year42 | €6,976 | €5,848 | €5,862 | - | - | - |
| Trade debts44 | €9,139 | €8,326 | €7,696 | €3,123 | €2,704 | ▼ 13.4% |
| Suppliers440/4 | €9,139 | €8,326 | €7,696 | €3,123 | €2,704 | ▼ 13.4% |
| Taxes, remuneration and social security45 | €12,480 | €11,056 | €1,910 | €1,838 | €77 | ▼ 95.8% |
| Taxes450/3 | €11,962 | €9,265 | €1,910 | - | €77 | - |
| Remuneration and social security454/9 | €518 | €1,791 | - | €1,838 | €0 | ▼ 100% |
| Other amounts payable47/48 | €77,810 | €37,090 | €833 | - | €26,390 | - |
| Accrued charges and deferred income492/3 | €1,194 | - | €1,540 | €1,641 | €1,699 | ▲ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,617 | €52,968 | €14,995 | -€29,849 | -€44,782 | ▼ 50.0% |
| + Depreciation and write-downs630 | €17,670 | €16,623 | €10,477 | €10,604 | €11,400 | ▲ 7.5% |
| Operating cash flow (approximation) | €64,287 | €69,591 | €25,472 | -€19,245 | -€33,383 | ▼ 73.5% |
| Investment in fixed assets (approximation) | - | -€3,596 | €6,178 | -€7,186 | €0 | ▲ 100% |
| Change in cash | - | -€22,259 | -€51,990 | €17,801 | -€6,821 | ▼ 138% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
BUST PROJECTS
BE 1028.859.697
Aalst · Eq €27,255
HEVABOR
BE 0684.757.147
Haaltert · Eq €27,268
ARYA REAL ESTATE
BE 0685.944.012
Ukkel · Eq €27,207
Immobilière Le Col-Vert BW
BE 0658.966.629
Wavre · Eq €27,293
Taxbel
BE 0784.778.696
Grimbergen · Eq €27,321
Of 11,803 companies in this sector we hold annual accounts for 6,909. 4,286 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 30-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€44,782
Net result drops to -€44,782, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.18
Current ratio from 1.31 to 4.18; short-term debt falls from €62,320 to €16,301.
31-12
Financial
Equity above €100,000Eq €101,878 ▲16.1%
6 profitable years in a row build equity to €101,878.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €52,968 ▲13.6%
Operating result €61,583, net result €52,968, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
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 4 acts read
About the unread acts
We know of 4 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.
Support & recognitions
1 funding sourceFlanders €1,560
Flemish government
€1,560
awarded · 2022 - 2025
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,560 awarded · €1,560 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €173 | €173 |
| 2024 | 1 | €57 | €57 |
| 2023 | 1 | €54 | €54 |
| 2022 | 1 | €1,276 | €1,276 |
Company details
Private limited company · founded 26-05-2010Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded26-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826159391
Also
9925:BE0826159391
Registered
19-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Ground area
723 m²
Building footprint
404 m²
Volume, LiDAR
7,134 m³
Parcel 11808H1167/00M008, Flanders · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Immo Helsen
since 2016unit no. 2.253.442.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1167/00M008 | Flanders | 723 m² | 1 · 404 m² | 20.9 m · 6 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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.