MARIMO
ActiveSummary
MARIMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249,562 and a net result of €9,502. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+4
Solvency66▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.06 in 2024; short-term debt: 3.6% and cash: 0% of total assets), and 59.5% of the assets are financed with debt.
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Signals
Six 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 →
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
40.5%
Return on assets
1.5%
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
43 d early
2023
35 d early
2022
24 d early
2021
25 d late
2020
24 d late
2019
91 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 2 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€249,562▲ 4.3%
2024 · €239,245
Total assets
€615,479▼ 1.4%
2024 · €624,268
Net result
€9,502▲ 79.3%
2024 · €5,299
Working capital
-€21,927▲ 0.3%
2024 · -€21,983
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€69,188€12,747€12,931▲ 1.4%€12,480▼ 3.5%€16,802▲ 34.6%
Net result-€76,448€6,179€4,450▼ 28.0%€5,299▲ 19.1%€9,502▲ 79.3%
Equity-€219,129▼ 53.6%-€212,135▲ 3.2%€233,131€239,245▲ 2.6%€249,562▲ 4.3%
Total assets€216,024▼ 37.1%€202,808▼ 6.1%€632,028▲ 212%€624,268▼ 1.2%€615,479▼ 1.4%
Debt€273,838▼ 15.6%€254,443▼ 7.1%€239,213▼ 6.0%€226,154▼ 5.5%€207,862▼ 8.1%
Working capital€14,190▼ 85.5%€14,994▲ 5.7%-€19,385-€21,983▼ 13.4%-€21,927▲ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +212% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €615,479
Fixed assets
€615,417 ▼ 1.2%
Current assets
€62 ▼ 95.6%
Equity and liabilities €615,479
Equity
€249,562 ▲ 4.3%
Provisions
€158,055 ▼ 0.5%
Debt
€207,862 ▼ 8.1%
Debt's share of the balance-sheet total falls from 36.2% to 33.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,237▼
2024 · €24,297
Cash flow
€16,937▼
2024 · €17,116
Current ratio
0.00▼
2024 · 0.06
Debt to equity
0.83▼
2024 · 0.95
ROE
3.8%▲
2024 · 2.2%
ROA
1.5%▲
2024 · 0.8%
Interest coverage
3.22▲
2024 · 2.95
Debt ≤ 1 year
€21,989▼
2024 · €23,398
Debt > 1 year
€185,874▼
2024 · €202,755
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 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 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 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 14,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,943 | €10,944 | €11,376 | €11,817 | €7,435 | ▼ 37.1% |
| Other operating charges640/8 | €4,949 | €4,858 | €1,974 | €7,220 | €2,289 | ▼ 68.3% |
| Non-recurring operating charges66A | €72,065 | - | - | - | - | - |
| Gross operating margin9900 | €18,768 | €28,549 | €26,281 | €31,517 | €26,526 | ▼ 15.8% |
| Operating profit (loss)9901 | -€69,188 | €12,747 | €12,931 | €12,480 | €16,802 | ▲ 34.6% |
| Financial income75/76B | €2,147 | €2,304 | - | €1,067 | €216 | ▼ 79.8% |
| Recurring financial income75 | €2,147 | €2,304 | - | €1,067 | €216 | ▼ 79.8% |
| Financial charges65/66B | €9,406 | €8,872 | €8,481 | €8,248 | €7,516 | ▼ 8.9% |
| Recurring financial charges65 | €9,406 | €8,872 | €8,481 | €8,248 | €7,516 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | -€76,448 | €6,179 | €4,450 | €5,299 | €9,502 | ▲ 79.3% |
| Profit (loss) for the period9904 | -€76,448 | €6,179 | €4,450 | €5,299 | €9,502 | ▲ 79.3% |
| Transfer from tax-exempt reserves789 | - | €3,260 | €3,260 | €3,260 | €3,260 | = |
| Profit (loss) for the period to be appropriated9905 | -€76,448 | €9,439 | €7,710 | €8,559 | €12,762 | ▲ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,024 | €202,808 | €632,028 | €624,268 | €615,479 | ▼ 1.4% |
| Fixed assets21/28 | €178,183 | €168,265 | €631,290 | €622,852 | €615,417 | ▼ 1.2% |
| Tangible fixed assets22/27 | €178,183 | €168,265 | €631,290 | €622,852 | €615,417 | ▼ 1.2% |
| Land and buildings22 | €159,171 | €153,869 | €617,571 | €612,269 | €606,967 | ▼ 0.9% |
| Plant, machinery and equipment23 | €19,011 | €14,396 | €13,718 | €10,542 | €8,450 | ▼ 19.8% |
| Furniture and vehicles24 | - | - | - | €41 | - | - |
| Current assets29/58 | €37,841 | €34,542 | €739 | €1,416 | €62 | ▼ 95.6% |
| Amounts receivable within one year40/41 | €34,205 | €32,645 | - | - | - | - |
| Other amounts receivable41 | €34,205 | €32,645 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,446 | €585 | €739 | €1,416 | €62 | ▼ 95.6% |
| Deferred charges and accrued income490/1 | €1,191 | €1,313 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,024 | €202,808 | €632,028 | €624,268 | €615,479 | ▼ 1.4% |
| Equity10/15 | -€219,129 | -€212,135 | €233,131 | €239,245 | €249,562 | ▲ 4.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Revaluation surpluses12 | - | - | €440,001 | €440,001 | €440,001 | = |
| Reserves13 | €41,634 | €39,189 | €36,745 | €34,300 | €31,855 | ▼ 7.1% |
| Tax-exempt reserves132 | €41,634 | €39,189 | €36,745 | €34,300 | €31,855 | ▼ 7.1% |
| Profit (loss) carried forward14 | -€322,737 | -€313,298 | -€305,588 | -€297,029 | -€284,268 | ▲ 4.3% |
| Provisions and deferred taxes16 | €161,315 | €160,500 | €159,685 | €158,870 | €158,055 | ▼ 0.5% |
| Provisions for liabilities and charges160/5 | €147,435 | €147,435 | €147,435 | €147,435 | €147,435 | = |
| Pensions and similar obligations160 | €147,435 | €147,435 | €147,435 | €147,435 | €147,435 | = |
| Deferred taxes168 | €13,880 | €13,065 | €12,250 | €11,435 | €10,620 | ▼ 7.1% |
| Amounts payable17/49 | €273,838 | €254,443 | €239,213 | €226,154 | €207,862 | ▼ 8.1% |
| Amounts payable after more than one year17 | €250,186 | €234,894 | €219,089 | €202,755 | €185,874 | ▼ 8.3% |
| Financial debts170/4 | €250,186 | €234,894 | €219,089 | €202,755 | €185,874 | ▼ 8.3% |
| Amounts payable within one year42/48 | €23,652 | €19,549 | €20,123 | €23,398 | €21,989 | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | €14,797 | €15,292 | €15,805 | €16,334 | €16,881 | ▲ 3.4% |
| Trade debts44 | €8,855 | €4,257 | €2,077 | €6,969 | €2,970 | ▼ 57.4% |
| Suppliers440/4 | €8,855 | €4,257 | €2,077 | €6,969 | €2,970 | ▼ 57.4% |
| Other amounts payable47/48 | - | - | €2,242 | €96 | €2,138 | ▲ 2,136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€76,448 | €6,179 | €4,450 | €5,299 | €9,502 | ▲ 79.3% |
| + Depreciation and write-downs630 | €10,943 | €10,944 | €11,376 | €11,817 | €7,435 | ▼ 37.1% |
| Operating cash flow (approximation) | -€65,504 | €17,123 | €15,826 | €17,116 | €16,937 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | -€1,027 | -€474,400 | -€3,379 | €0 | ▲ 100% |
| Change in cash | - | -€1,861 | €154 | €677 | -€1,354 | ▼ 300% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €9,502 ▲79.3%
Net result €9,502, the highest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €233,131
2 profitable years in a row build equity to €233,131.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6,179
Net result €6,179 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€76,448
Net result drops to -€76,448, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €8,990
Net result €8,990 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Ciney · 1 establishment unit since 1999
Ground area
2,149 m²
Building footprint
257 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Saint Gilles 7 A, 5590 Ciney
since 19992.090.949.618
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030B0270/00E000 | Wallonia | 1,143 m² | 1 · 154 m² | - |
| 91030B0265/00G000 | Wallonia | 1,006 m² | 1 · 103 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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IMMO DUSSART
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 5,091 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
E-mail
info@marechalconsulting.be
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.
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Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.