MARIN CONSTRUCT
ActiveSummary
MARIN CONSTRUCT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,972 and a net result of €8,174. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 92% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €40,972
- Profit
- €8,174
Why 71raises riskLast filed accounts filed 56 days late; 3 of the last 3 lateSize: total assets €46,626lowers riskFounded in 2007Equity €40,972 (87.9% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 60% on liquidity, 77% on profitability and 71% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 67 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Amendment of the articles · Legal-form…Capital conversion · Registered-office move…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (56 days) Filed on 25 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00528553.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 34% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 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% | 0.9% |
| 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 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €29,530 | €72,362 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €24,888 | €69,163 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €351 | €510 | €226 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | - | €14 | - |
| Other operating charges640/8 | - | - | - | €125 | €79 | €4,012 | €171 | €334 | ▲ 95.4% |
| Gross operating margin9900 | -€615 | €6,703 | -€6,143 | €4,642 | €3,199 | €11,463 | €16,130 | €10,731 | ▼ 33.5% |
| Operating profit (loss)9901 | -€851 | €6,198 | -€6,615 | €4,517 | €2,769 | €6,941 | €15,733 | €10,382 | ▼ 34.0% |
| Financial income75/76B | - | - | - | - | - | €1,207 | €1,332 | €1,501 | ▲ 12.7% |
| Recurring financial income75 | - | - | - | - | - | €1,207 | €1,332 | €1,501 | ▲ 12.7% |
| Financial charges65/66B | - | - | - | €37 | €49 | €908 | €1,728 | €1,398 | ▼ 19.1% |
| Recurring financial charges65 | €35 | €37 | €39 | €37 | €49 | €908 | €1,728 | €1,398 | ▼ 19.1% |
| Profit (loss) for the period before taxes9903 | €2,513 | €6,161 | -€6,654 | €4,480 | €2,720 | €7,240 | €15,337 | €10,485 | ▼ 31.6% |
| Income taxes67/77 | - | €1,590 | - | €2,030 | - | €2,732 | €3,909 | €2,311 | ▼ 40.9% |
| Profit (loss) for the period9904 | €2,513 | €4,571 | -€6,654 | €2,450 | €2,720 | €4,508 | €11,427 | €8,174 | ▼ 28.5% |
| Profit (loss) for the period to be appropriated9905 | €2,513 | €4,571 | -€6,654 | €2,450 | €2,720 | €4,508 | €11,427 | €8,174 | ▼ 28.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €18,489 | €23,058 | €14,693 | €19,097 | €31,223 | €26,881 | €41,914 | €46,626 | ▲ 11.2% |
| Fixed assets21/28 | - | - | - | - | - | - | - | €255 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €255 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €255 | - |
| Current assets29/58 | €18,489 | €23,058 | €14,693 | €19,097 | €31,223 | €26,881 | €41,914 | €46,371 | ▲ 10.6% |
| Amounts receivable within one year40/41 | €8,286 | €8,969 | €9,553 | €12,492 | €29,316 | €23,412 | €34,008 | €41,488 | ▲ 22.0% |
| Trade receivables40 | - | - | - | €983 | €5,353 | €3,245 | €7,145 | €13,730 | ▲ 92.2% |
| Other amounts receivable41 | - | - | - | €11,510 | €23,964 | €20,167 | €26,863 | €27,758 | ▲ 3.3% |
| Cash at bank and in hand54/58 | €10,203 | €14,089 | €5,140 | €6,605 | €1,906 | €3,469 | €7,906 | €4,883 | ▼ 38.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €18,489 | €23,058 | €14,693 | €19,097 | €31,223 | €26,881 | €41,914 | €46,626 | ▲ 11.2% |
| Equity10/15 | €16,776 | €21,347 | €14,693 | €14,142 | €16,863 | €21,371 | €32,798 | €40,972 | ▲ 24.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,550 | €18,550 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,350 | €12,350 | - | - | - | - |
| Profit (loss) carried forward14 | €10,576 | €15,147 | €8,493 | €7,942 | €10,663 | €15,171 | €26,598 | €34,772 | ▲ 30.7% |
| Amounts payable17/49 | €1,713 | €1,711 | - | €4,955 | €14,360 | €5,511 | €9,116 | €5,654 | ▼ 38.0% |
| Amounts payable within one year42/48 | €1,713 | €1,711 | - | €4,955 | €14,360 | €5,511 | €9,116 | €5,654 | ▼ 38.0% |
| Trade debts44 | €617 | €714 | - | €958 | €14,360 | €3,095 | €2,786 | - | - |
| Suppliers440/4 | - | - | - | €958 | €14,013 | €3,095 | €2,786 | - | - |
| Bills of exchange payable441 | - | - | - | - | €348 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €2,416 | €6,330 | €5,654 | ▼ 10.7% |
| Taxes450/3 | - | - | - | - | - | €2,416 | €6,330 | €5,654 | ▼ 10.7% |
| Other amounts payable47/48 | - | - | - | €3,996 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,513 | €4,571 | -€6,654 | €2,450 | €2,720 | €4,508 | €11,427 | €8,174 | ▼ 28.5% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | - | €14 | - |
| Operating cash flow (approximation) | €2,513 | €4,571 | -€6,654 | €2,450 | €2,720 | €4,508 | €11,427 | €8,189 | ▼ 28.3% |
| Change in cash | - | €3,886 | -€8,949 | €1,465 | -€4,698 | €1,562 | €4,437 | -€3,023 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-09-2026 | 2026-00528553 |
| 31-12-2024 | micro format | 23-09-2025 | 2025-00501195 |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00501714 |
| 31-12-2022 | micro format | 24-10-2023 | 2023-00492242 |
| 31-12-2021 | micro format | 07-12-2022 | 2022-20533365 |
| 31-12-2020 | full format | 30-08-2021 | 2021-59200540 |
| 31-12-2019 | full format | 16-09-2020 | 2020-53400437 |
| 31-12-2018 | full format | 30-08-2019 | 2019-62400078 |
| 31-12-2017 | full format | 29-08-2018 | 2018-52800148 |
| 31-12-2016 | full format | 30-08-2017 | 2017-53800277 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 16-01-2026 Converted to unavailable equity · €6,200
Group and network
Connections & network
No directors read yet: 1 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
16-01
Gazette deed
Amendment of the articles · Legal-form changeCapital conversion · Registered-office move · Capital5 facts ▸
- General meeting, 04-11-2025
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered-office move, 9320 Aalst, Scherrestraat 23
- Capital
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0887.174.965
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41014A1395/00E002 | Flanders | 195 m² | 1 · 70 m² | 11.2 m · 3 |
| 21382C0208/00T005 | Brussels | 166 m² | 1 · 109 m² | 11.5 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren van werkzaamheden als aannemer-stukadoor en cementeerder, met inbegrip van het vervaardigen en plaatsen van dekvloeren en het…” (deed in Dutch)
38 activities (deed in Dutch)
- Het uitvoeren van werkzaamheden als aannemer-stukadoor en cementeerder, met inbegrip van het vervaardigen en plaatsen van dekvloeren en het uitvoeren van stuc- en staffwerken.
- De plaatsing van gyprocpiaten en het monteren van droge scheidingswanden op basis van gips.
- Het optreden als schildersaannemer, het uitvoeren van bouw- en industriële schilderwerken, onder meer het schilderen van bruggen, kranen, viaducten en metalen constructies.
- Het uitvoeren van metsel- en betonwerken.
- Het optreden als steenhouwer-aannemer, met inbegrip van de bouw van sierschouwen, open haarden, grafkelders en grafmonumenten.
- Het optreden als marmerbewerker-aannemer.
- Het uitvoeren van tegelwerken.
- Het optreden als behanger en plaatsing van wand- en vloerbekledingen, alsook de fabricatie, plaatsing en herstelling van houten wand- en vloerbekledingen.
- Het uitvoeren van waterdichtingswerken aan gebouwen, met inbegrip van het aanbrengen van thermische, akoestische en trillingsisolerende materialen in gebouwen en andere constructies.
- Het uitvoeren van voeg- en gevelreinigingswerken, zoals stoomreiniging, zandstralen en gelijkaardige technieken toegepast op de buitenzijde van gebouwen.
- Het uitvoeren van waterdichtings- en verstevigingswerken door injectie met harsbindmiddelen, alsook kalk- en witwerken en ontvochtigingswerken aan gebouwen.
- Het optreden als elektricien-installateur, met inbegrip van de aanleg in gebouwen, de fabricatie en plaatsing van alarm- en beveiligingssystemen en aanverwante apparatuur.
- Het uitvoeren van elektrische aansluitingen van huishoudtoestellen zoals wasmachines, vaatwassers en warmwaterboilers, evenals de installatie van keukens.
- De groot- en kleinhandel in elektrische, elektronische, huishoudelijke, telecommunicatie-, foto-, audio- en videoapparatuur, met inbegrip van onderhoud, herstelling en naverkoopdienst.
- De installatie van krachtstroom en telefonie, evenals de fabricatie en plaatsing van lichtreclames, elektrische toestellen, kroonluchters en verlichtingssystemen.
- Onderhoud en technische bijstand van informatica-materieel.
- Het optreden als installateur van centrale verwarming, met inbegrip van de fabricatie, installatie, het onderhoud en de herstelling van warmtepompen en zonneverwarming. De plaatsing, het onderhoud en de herstelling van branders, de installatie van zonnepanelen, ventilatie- en verluchtingssystemen, luchtverwarming, airconditioning, industriële koeling, elektromedische apparatuur en industriële leidingen.
- Het optreden als sanitair installateur en loodgieter, het uitvoeren van rioolwerken, het plaatsen van water-ontharders, water- en gasdistributiewerken, alsook loodgieterij- en sanitaire installaties in vervoermiddelen.
- Het uitvoeren van kabel- en leidingwerken.
- Het optreden als installateur van gasverwarming met individuele toestellen, met inbegrip van loodgieterij bij het plaatsen en/of aansluiten van keuken- en verwarmingsapparaten zoals convectoren, gasboilers en gaskookplaten.
- Het optreden als zinkwerker en aannemer van metalen dakbedekking, inclusief metaalconstructie-atelier, plaatsing van sloten, bouwbeslag, smeedwerk, luiken en metalen schrijnwerk, evenals de bouw van demonteerbare paviljoenen en niet-metalen barakken.
- Het optreden als aannemer van niet-metalen dakbedekking, met inbegrip van de plaatsing van kunststofdeuren, plinten, roosters, rol- en schuifpoorten, buitenzonwering (inclusief atelierwerk) en de bekleding van kroonlijsten in PVC.
- Het optreden als timmerman-schrijnwerker, met inbegrip van meubelmakerij, hout- en kunststofschrijnwerk, fabricatie, plaatsing en herstelling van houten of kunststofluiken, en de plaatsing van houten wanden en valse plafonds.
- De plaatsing van raamkaders in hout, PVC of aluminium.
- Het uitvoeren van afbraakwerken, grondwerken, wegeniswerken, de installatie van verkeerssignalisatie en wegmarkeringen.
- De inrichting van speelterreinen, sportvelden, parken en tuinen, met inbegrip van beplantingswerken.
- De installatie, montage en demontage van steigers en werkplatformen.
- Het uitvoeren van boor-, peil- en putwerken, alsook drainagewerken.
- De reiniging en desinfectie van woningen, lokalen, meubilair en diverse voorwerpen.
- Het ontmossen van daken.
- De plaatsing van omheiningen.
- Het verlenen van vertaaldiensten, redactiediensten, correctie- en revisiediensten in en uit alle talen, op alle dragers en in uiteenlopende algemene of gespecialiseerde domeinen, onder meer, doch niet beperkt tot: juridisch, economisch, financieel, wetenschappelijk, informatica, alsook de vertaling van websites en reclameteksten.
- Het verlenen van tolk-, public relations- en representatiediensten in de ruimste zin.
- Opleiding en scholing, het geven van cursussen, trainingen en seminars inzake talen of met betrekking tot de hierboven vermelde domeinen.
- De verwerving, exploitatie of overdracht van procedés en octrooien die verband houden met deze activiteiten.
- Het uitvoeren van marktstudies, bedrijfsanalyses, onderzoeks- en studieactiviteiten met betrekking tot de in dit artikel vermelde activiteiten.
- De studie, advisering, consultancy, expertise, engineering en dienstverlening in het kader van de hierboven beschreven activiteiten.
- De invoer, uitvoer, handel in al haar vormen, vertegenwoordiging, makelaardij en commissiehandel in diverse producten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MARIN CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “TITEL IV. BESTUUR - CONTROLE Artikel 11. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ALGEMENE VERGADERING Artikel 16. Organisatie en bijeenroeping leder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beraadslaagt zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)“Op elk moment, vormen vereist voor de statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie” (deed in Dutch)