Marimar
ActiveSummary
The computed 12-month bankruptcy probability of Marimar is 1.8% (moderate). The 2025 annual accounts show equity of €87,716 and a net result of €36,394. Equity is growing by ~62.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 1577 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency95▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.05 against 1.67 in 2024; short-term debt: 29.9% and cash: 52.7% of total assets), and 29.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70.1%
Return on assets
29.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
41 d early
2024
30 d early
2023
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 30 March (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€87,716▲ 70.9%
2024 · €51,322
Total assets
€125,159▲ 35.3%
2024 · €92,510
Net result
€36,394▲ 31.3%
2024 · €27,727
Working capital
€76,862▲ 178%
2024 · €27,625
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€28,049-€39,191▲ 39.7%€50,976▲ 30.1%
Net result€18,594within the sector's middle half-€27,727within the sector's middle half▲ 49.1%€36,394above the sector's middle half▲ 31.3%
Equity€23,594within the sector's middle half-€51,322within the sector's middle half▲ 118%€87,716within the sector's middle half▲ 70.9%
Total assets€81,110within the sector's middle half-€92,510within the sector's middle half▲ 14.1%€125,159within the sector's middle half▲ 35.3%
Debt€57,515-€41,189▼ 28.4%€37,443▼ 9.1%
Working capital€8,892within the sector's middle half-€27,625within the sector's middle half▲ 211%€76,862above the sector's middle half▲ 178%
Solvency29.1%within the sector's middle half-55.5%within the sector's middle half▲ 26.4pp70.1%above the sector's middle half▲ 14.6pp
Current ratio1.16within the sector's middle half-1.67within the sector's middle half▲ 0.523.05above the sector's middle half▲ 1.38
Return on assets (ROA)22.9%above the sector's middle half-30.0%above the sector's middle half▲ 7.0pp29.1%above the sector's middle half▼ 0.9pp
Staff (FTE)5.1-6.4▲ 25.5%6.6▲ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,159
Fixed assets
€10,854 ▼ 54.2%
Current assets
€114,305 ▲ 66.1%
Equity and liabilities €125,159
Equity
€87,716 ▲ 70.9%
Debt
€37,443 ▼ 9.1%
Debt's share of the balance-sheet total falls from 44.5% to 29.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63,376▲
2024 · €58,927
Cash flow
€48,793▲
2024 · €47,464
Debt to equity
0.43▼
2024 · 0.80
ROE
41.5%▼
2024 · 54.0%
Interest coverage
30.93▲
2024 · 21.96
Debt ≤ 1 year
€37,443▼
2024 · €41,189
Income taxes
€12,696▲
2024 · €9,507
Staff costs
€165,614▲
2024 · €159,314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €307 | - |
| Remuneration, social security and pensions62 | €250,888 | €159,314 | €165,614 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,218 | €19,737 | €12,399 | ▼ 37.2% |
| Other operating charges640/8 | €4,859 | €2,868 | €5,290 | ▲ 84.4% |
| Gross operating margin9900 | €299,014 | €221,110 | €234,280 | ▲ 6.0% |
| Operating profit (loss)9901 | €28,049 | €39,191 | €50,976 | ▲ 30.1% |
| Financial income75/76B | €2,104 | €727 | €163 | ▼ 77.5% |
| Recurring financial income75 | €2,104 | €727 | €163 | ▼ 77.5% |
| Financial charges65/66B | €4,978 | €2,684 | €2,049 | ▼ 23.6% |
| Recurring financial charges65 | €4,978 | €2,684 | €2,049 | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | €25,175 | €37,234 | €49,090 | ▲ 31.8% |
| Income taxes67/77 | €6,581 | €9,507 | €12,696 | ▲ 33.6% |
| Profit (loss) for the period9904 | €18,594 | €27,727 | €36,394 | ▲ 31.3% |
| Profit (loss) for the period to be appropriated9905 | €18,594 | €27,727 | €36,394 | ▲ 31.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €81,110 | €92,510 | €125,159 | ▲ 35.3% |
| Fixed assets21/28 | €15,063 | €23,696 | €10,854 | ▼ 54.2% |
| Intangible fixed assets21 | - | €5,855 | €4,546 | ▼ 22.4% |
| Tangible fixed assets22/27 | €15,063 | €17,842 | €6,308 | ▼ 64.6% |
| Land and buildings22 | €6,428 | €4,451 | €2,475 | ▼ 44.4% |
| Plant, machinery and equipment23 | €5,688 | €11,578 | €3,833 | ▼ 66.9% |
| Furniture and vehicles24 | €2,947 | €1,812 | €0 | ▼ 100% |
| Current assets29/58 | €66,047 | €68,814 | €114,305 | ▲ 66.1% |
| Amounts receivable within one year40/41 | €43,517 | €36,088 | €45,207 | ▲ 25.3% |
| Trade receivables40 | €43,497 | €35,594 | €45,207 | ▲ 27.0% |
| Other amounts receivable41 | €19 | €494 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €20,487 | €29,526 | €65,918 | ▲ 123% |
| Deferred charges and accrued income490/1 | €2,043 | €3,200 | €3,180 | ▼ 0.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €81,110 | €92,510 | €125,159 | ▲ 35.3% |
| Equity10/15 | €23,594 | €51,322 | €87,716 | ▲ 70.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €18,594 | €46,322 | €82,716 | ▲ 78.6% |
| Amounts payable17/49 | €57,515 | €41,189 | €37,443 | ▼ 9.1% |
| Amounts payable within one year42/48 | €57,154 | €41,189 | €37,443 | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | - | €72 | - |
| Trade debts44 | €17,389 | €22,328 | €10,492 | ▼ 53.0% |
| Suppliers440/4 | €17,389 | €22,328 | €10,492 | ▼ 53.0% |
| Taxes, remuneration and social security45 | €19,568 | €18,256 | €19,878 | ▲ 8.9% |
| Taxes450/3 | €3,520 | €3,048 | €5,531 | ▲ 81.5% |
| Remuneration and social security454/9 | €16,047 | €15,208 | €14,347 | ▼ 5.7% |
| Other amounts payable47/48 | €20,198 | €605 | €7,002 | ▲ 1,058% |
| Accrued charges and deferred income492/3 | €361 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,594 | €27,727 | €36,394 | ▲ 31.3% |
| + Depreciation and write-downs630 | €15,218 | €19,737 | €12,399 | ▼ 37.2% |
| Operating cash flow (approximation) | €33,813 | €47,464 | €48,793 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | -€28,370 | €443 | ▲ 102% |
| Change in cash | - | €9,039 | €36,392 | ▲ 303% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
Resignation: Marcel Leopold M Celis (non-statutory director)Appointment: BV WENPA (non-statutory director) · Permanent representative: Wendy Steukers5 facts ▸
State Gazette act
Resignation: Marcel Leopold M Celis (non-statutory director)
Appointment: BV WENPA (non-statutory director) · Permanent representative: Wendy Steukers5 facts ▸
- General meeting, 15-06-2026
- Director resignation, Marcel Leopold M Celis (non-statutory director)
- Director appointment, BV WENPA (non-statutory director)
- Permanent representative, Wendy Steukers (permanent representative)
- Other statement, kennisname en akkoord benoeming vaste vertegenwoordiger, algemene vergadering
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2023net €36,394 ▲31.3%
Operating result €50,976, net result €36,394, both a record.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
BV WENPA
CurrentNon-statutory director · since 01-07-2026 · Legal entity · perm. rep.: Wendy Steukers
Permanent representatives 1
Wendy Steukers
CurrentPermanent representative · since 01-07-2026 · for BV WENPA
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2021
Ground area
207 m²
Building footprint
106 m²
Volume, LiDAR
886 m³
Parcel 71322A0492/00H004, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Marimar
since 20212.325.481.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0492/00H004 | Flanders | 207 m² | 1 · 106 m² | 12.9 m · 3 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BV WENPA |
|
| Marcel Leopold M Celis |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.325.481.562
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Of 445 companies in sector 10850 we hold annual accounts for 173. 116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2021
Fiscal year end30-09
Activities, NACEBEL 2025
10850Manufacture of food products
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778805377
Also
9925:BE0778805377
Registered
24-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.