MARIMO
ActiveSummary
MARIMO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€319,548) and a net result of -€33,868. Equity is shrinking by ~14.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-3
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 197.5% and cash: 0.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-102.2%
Return on assets
-10.8%
Age of the figures
12 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€319,548
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 24-02-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
43 d early
2023
56 d early
2022
45 d early
2021
54 d early
2020
71 d early
2019
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 58 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
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
-€319,548▼ 11.9%
2024 · -€285,680
Total assets
€312,802▼ 5.9%
2024 · €332,294
Net result
-€33,868▼ 17.9%
2024 · -€28,715
Working capital
-€614,517▼ 3.3%
2024 · -€594,780
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-€34,089▲ 13.7%-€28,760▲ 15.6%-€29,577▼ 2.8%-€29,403▲ 0.6%-€34,551▼ 17.5%
Net result-€33,356▲ 14.1%-€28,036▲ 15.9%-€28,855▼ 2.9%-€28,715▲ 0.5%-€33,868▼ 17.9%
Equity-€200,074▼ 20.0%-€228,110▼ 14.0%-€256,965▼ 12.6%-€285,680▼ 11.2%-€319,548▼ 11.9%
Total assets€383,501▼ 1.2%€368,460▼ 3.9%€355,872▼ 3.4%€332,294▼ 6.6%€312,802▼ 5.9%
Debt€565,733▲ 5.5%€579,565▲ 2.4%€596,668▲ 3.0%€602,641▲ 1.0%€617,853▲ 2.5%
Working capital-€557,409▼ 5.2%-€569,249▼ 2.1%-€581,907▼ 2.2%-€594,780▼ 2.2%-€614,517▼ 3.3%
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 €34,551 in 2025 against €29,403 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 €312,802
Fixed assets
€309,465 ▼ 4.6%
Current assets
€3,337 ▼ 57.6%
Key figures and ratios
EBITDA
-€17,775▼
2024 · -€12,724
Cash flow
-€17,092▼
2024 · -€12,037
Solvency
-102.2%▼
2024 · -86.0%
Current ratio
0.01▼
2024 · 0.01
Debt to equity
-1.93▲
2024 · -2.11
ROA
-10.8%▼
2024 · -8.6%
Interest coverage
-115.80▼
2024 · -85.40
Debt ≤ 1 year
€617,853▲
2024 · €602,641
Income taxes
€0▼
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 6,639 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 | €16,698 | €17,033 | €17,033 | €16,679 | €16,776 | ▲ 0.6% |
| Other operating charges640/8 | - | €1,407 | €2,676 | €2,526 | €2,430 | ▼ 3.8% |
| Gross operating margin9900 | -€15,101 | -€10,321 | -€9,867 | -€10,198 | -€15,345 | ▼ 50.5% |
| Operating profit (loss)9901 | -€34,089 | -€28,760 | -€29,577 | -€29,403 | -€34,551 | ▼ 17.5% |
| Financial income75/76B | - | €1 | - | €0 | €0 | ▼ 2.6% |
| Recurring financial income75 | - | €1 | - | €0 | €0 | ▼ 2.6% |
| Financial charges65/66B | - | €113 | €114 | €149 | €154 | ▲ 3.0% |
| Recurring financial charges65 | €104 | €113 | €114 | €149 | €154 | ▲ 3.0% |
| Profit (loss) for the period before taxes9903 | -€34,192 | -€28,873 | -€29,691 | -€29,551 | -€34,704 | ▼ 17.4% |
| Transfer from deferred taxes780 | - | €836 | €836 | €836 | €836 | = |
| Income taxes67/77 | - | - | - | €0 | €0 | ▼ 8.3% |
| Profit (loss) for the period9904 | -€33,356 | -€28,036 | -€28,855 | -€28,715 | -€33,868 | ▼ 17.9% |
| Transfer from tax-exempt reserves789 | - | €1,624 | €1,624 | €1,624 | €1,624 | = |
| Profit (loss) for the period to be appropriated9905 | -€31,732 | -€26,412 | -€27,230 | -€27,091 | -€32,244 | ▼ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €383,501 | €368,460 | €355,872 | €332,294 | €312,802 | ▼ 5.9% |
| Fixed assets21/28 | €375,177 | €358,144 | €341,111 | €324,433 | €309,465 | ▼ 4.6% |
| Tangible fixed assets22/27 | €375,177 | €358,144 | €341,111 | €324,433 | €309,465 | ▼ 4.6% |
| Land and buildings22 | - | €346,570 | €331,996 | €317,421 | €302,846 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €1,000 | €366 | €86 | - | - |
| Furniture and vehicles24 | - | €10,574 | €8,750 | €6,926 | €6,620 | ▼ 4.4% |
| Current assets29/58 | €8,324 | €10,316 | €14,761 | €7,862 | €3,337 | ▼ 57.6% |
| Amounts receivable within one year40/41 | €1,834 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €5,047 | €9,792 | €12,579 | €7,200 | €2,753 | ▼ 61.8% |
| Deferred charges and accrued income490/1 | - | €524 | €2,181 | €661 | €584 | ▼ 11.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €383,501 | €368,460 | €355,872 | €332,294 | €312,802 | ▼ 5.9% |
| Equity10/15 | -€200,074 | -€228,110 | -€256,965 | -€285,680 | -€319,548 | ▼ 11.9% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €34,650 | €33,026 | €31,402 | €29,777 | €28,153 | ▼ 5.5% |
| Tax-exempt reserves132 | - | €33,026 | €31,402 | €29,777 | €28,153 | ▼ 5.5% |
| Profit (loss) carried forward14 | -€309,724 | -€336,136 | -€363,366 | -€390,457 | -€422,701 | ▼ 8.3% |
| Provisions and deferred taxes16 | €17,842 | €17,006 | €16,169 | €15,333 | €14,497 | ▼ 5.5% |
| Deferred taxes168 | - | €17,006 | €16,169 | €15,333 | €14,497 | ▼ 5.5% |
| Amounts payable17/49 | €565,733 | €579,565 | €596,668 | €602,641 | €617,853 | ▲ 2.5% |
| Amounts payable within one year42/48 | €565,733 | €579,565 | €596,668 | €602,641 | €617,853 | ▲ 2.5% |
| Trade debts44 | €294 | €244 | €26 | €1,187 | - | - |
| Suppliers440/4 | - | €244 | €26 | €1,187 | - | - |
| Other amounts payable47/48 | - | €579,321 | €596,642 | €601,454 | €617,853 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,356 | -€28,036 | -€28,855 | -€28,715 | -€33,868 | ▼ 17.9% |
| + Depreciation and write-downs630 | €16,698 | €17,033 | €17,033 | €16,679 | €16,776 | ▲ 0.6% |
| Operating cash flow (approximation) | -€16,658 | -€11,003 | -€11,822 | -€12,037 | -€17,092 | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,809 | - |
| Change in cash | - | €4,745 | €2,788 | -€5,379 | -€4,448 | ▲ 17.3% |
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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€38,847
Net result drops to -€38,847, the lowest in the series; recovery starts the following year.
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Knokke-Heist · 1 establishment unit since 2002
Ground area
2,714 m²
Building footprint
2,286 m²
Volume, LiDAR
9,104 m³
2 parcels, Flanders · tallest building 13.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Canadasquare 2, 8300 Knokke-Heist
since 20022.114.463.111
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0523/00C000 | Flanders | 2,347 m² | 1 · 2,157 m² | 13.9 m · 1 fl. |
| 31013A0125/00_000 | Flanders | 367 m² | 1 · 128 m² | 9.3 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-2002
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478337583
Also
9925:BE0478337583
Registered
25-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.