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MARINA CONSTRUCT

Active
Private limited companyfounded 2024active for 2 yearsSaïolaan 18, 1070 Anderlecht, Belgium18 active companies are registered at this addressKBO/BCE: BE 1013.156.189
Summary

The computed 12-month bankruptcy probability of MARINA CONSTRUCT is 2.0% (moderate). The 2026 annual accounts show equity of €44,399 and a net result of €41,399. Its solvency ranks better than 54% of 786 sector peers (NACE 43, financial year 2026). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Insulation installation
NACE 43230
1 site
Size
≈ €210,000turnover 2026, estimated
Equity
€44,399
Profit
€41,399
Turnover estimated from the gross margin
Financial health
55 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
2.0%
Structure
2026 accounts filed 45 days late
Why 55raises riskSize: total assets €84,235Founded in 2024Last filed accounts filed 45 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 2.11, cash €16,027Show the evidence

Checked score

Score 2026
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 65% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 78
equity 52.7% of total assets
Liquidity 50
short-term debt 47.3% · cash 19.0%
Profitability 100
return on assets 49.1%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 10-2025: 2.0%lowest value 11-2025: 2.0%● unchanged vs 10-2025 12-2025: 2.4%▲ +0.4 percentage points vs 11-2025 01-2026: 2.5%▲ +0.1 percentage points vs 12-2025 02-2026: 2.8%▲ +0.3 percentage points vs 01-2026 03-2026: 2.8%● unchanged vs 02-2026 04-2026: 3.1%▲ +0.3 percentage points vs 03-2026 05-2026: 3.2%▲ +0.1 percentage points vs 04-2026 06-2026: 3.1%▼ -0.1 percentage points vs 05-2026 07-2026: 3.1%● unchanged vs 06-2026 08-2026: 3.3%▲ +0.2 percentage points vs 07-2026 09-2026: 3.4%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 2.0%▼ -1.4 percentage points vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.11, above the usual 1.5; short-term debt: 47.3% and cash: 19% of total assets), and 47.3% of the assets are financed with debt and provisions.
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 57% on solvency, 44% on liquidity and 92% on profitability.

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

Five signals.
lowers riskraises risk
raises risk · Size: total assets €84,235
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Last filed accounts filed 45 days late; 1 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 2.11, cash €16,027
NBB · annual accounts
raises risk · 2026 accounts filed 45 days late
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 15-10-2026, 45 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2026
45 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · micro…
  2. IncorporationAppointment: CONDURACHE Mariia (director) ·…

Financials · financial year 2026, micro format

2026 annual accounts filed late (45 days) Filed on 15 October 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00559087.

Turnover
≈ €210,000
Estimated: probably between €150,000 and €300,000
Total assets
€84,235
Net result
€41,399
Working capital
€44,399

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €84,235
Equity €44,399
Debt €39,837
Debt finances 47.3% of the balance-sheet total.
Key figures and ratios
2026 value
Current ratio
2.11
Debt to equity
0.90
ROE
93.2%
ROA
49.1%
Debt ≤ 1 year
€39,837
Income taxes
€10,560

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of 2.0% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,278 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
Filed annual accounts As filed with the NBB · 2026 · 27 lines
Balance sheet Code2026
Assets
Total assets20/58€84,235
Current assets29/58€84,235
Amounts receivable within one year40/41€68,209
Trade receivables40€46,665
Other amounts receivable41€21,543
Cash at bank and in hand54/58€16,027
Equity and liabilities
Total equity and liabilities10/49€84,235
Equity10/15€44,399
Contributions10/11€3,000
Profit (loss) carried forward14€41,399
Amounts payable17/49€39,837
Amounts payable within one year42/48€39,837
Trade debts44€28,050
Bills of exchange payable441€28,050
Taxes, remuneration and social security45€10,560
Taxes450/3€10,560
Other amounts payable47/48€1,227
Income statement Code2026
Other operating charges640/8€528
Gross operating margin9900€52,513
Operating profit (loss)9901€51,984
Financial charges65/66B€26
Recurring financial charges65€26
Profit (loss) for the period before taxes9903€51,958
Income taxes67/77€10,560
Profit (loss) for the period9904€41,399
Profit (loss) for the period to be appropriated9905€41,399
Appropriation of the result
Profit (loss) to be appropriated9906€41,399

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2026
Other operating charges640/8€528
Gross operating margin9900€52,513
Operating profit (loss)9901€51,984
Financial charges65/66B€26
Recurring financial charges65€26
Profit (loss) for the period before taxes9903€51,958
Income taxes67/77€10,560
Profit (loss) for the period9904€41,399
Profit (loss) for the period to be appropriated9905€41,399
Line2026
Assets
Total assets20/58€84,235
Current assets29/58€84,235
Amounts receivable within one year40/41€68,209
Trade receivables40€46,665
Other amounts receivable41€21,543
Cash at bank and in hand54/58€16,027
Equity and liabilities
Total equity and liabilities10/49€84,235
Equity10/15€44,399
Contributions10/11€3,000
Profit (loss) carried forward14€41,399
Amounts payable17/49€39,837
Amounts payable within one year42/48€39,837
Trade debts44€28,050
Bills of exchange payable441€28,050
Taxes, remuneration and social security45€10,560
Taxes450/3€10,560
Other amounts payable47/48€1,227
Line2026
Profit (loss) for the period9904€41,399
Operating cash flow (approximation)€41,399

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-01-2026 micro format 15-10-2026 2026-00559087

Similar companies · same sector, comparable size

Of the 4,216 active companies whose main activity is insulation installation (NACE 43230), figures are known for 1,273. 1,034 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
CONDURACHE Mariia
Director (not named in the articles) · since 06-09-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
CONDURACHE Mariia
  • Director (not named in the articles), from 06-09-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 06-09-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 06-09-2024 Incorporation · €3,000 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

MARINA CONSTRUCT was incorporated on 4 September 2024 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2024, CONDURACHE Mariia has served as director of the company.2 The company has filed annual accounts once, for financial year 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 06-09-2024
  3. 3National Bank, annual accounts 2026

Acts, filings and financial milestones

2026
15-10
NBB filing Annual accounts filed
financial year 2026 · micro format · 45 days late
2024
06-09
Gazette deed Incorporation
Appointment: CONDURACHE Mariia (director) · Registered office clause · Board rule8 facts ▸
  • Registered office clause, “1070 Anderlecht,Avenue de Saïo 18 bte 21, dépôt au greffe d’une expédition de l’acte constitutif” (deed in French)
  • Board rule, 1, “actionnaire unique” (deed in French)
  • Director appointment, CONDURACHE Mariia (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, tous engagements et obligations et activités entreprises depuis ce jour par comparants au nom et pour compte de la société en formation” (deed in French)
  • Incorporation, “MARINA CONSTRUCT” (deed in French)
  • Founding capital, €3,000
  • Founder, CONDURACHE Mariia
  • Other provision, “planfinancieretresponsabilitédesfondateurs, responsabilitéfondateursfaillite3anssic Capitauxpropresmanifestementinsuffisants” (deed in French)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded04-09-2024
Financial year end31-01
Activities, NACEBEL 2025
43230Insulation installation
43223Specialised construction activities
43910Bricklaying and masonry work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:1013156189
Also 9925:BE1013156189
Registered 07-04-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 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 1013.156.189

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,251 m²
Building footprint
1,011 m²
Building volume
10,470 m³
Parcel 21308H0651/00F002, Brussels · tallest building 13.1 m. Linked by address, not a title deed.
18 companies at this address See who is registered here
1 establishment unit
MARINA CONSTRUCT SRL
Saïolaan 18, 1070 AnderlechtInsulation installation
since 2024unit no. 2.363.503.483
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21308H0651/00F002 Brussels 1,251 m² 1 · 1,011 m² 13.1 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de…” (deed in French)
44 activities (deed in French)
  1. Tous matériaux,marchandises,appareils et outillages nécessaires aux travaux de construction,d’entretien,de maintenance,de réparation et de renouvellement des ouvrages d’art et bâtiments;
  2. Tous matériel électrique et électronique,sanitaire et plomberie;
  3. Tous produits alimentaires tels que fruits,légumes,conserves,produits laitiers,produits de la mer,poissons,boucherie,articles de ménage et article cadeaux;
  4. Vidéothèque,location de produits de divertissements,films et tous autres produits assimilés;
  5. Tous textiles en général,vêtements divers,chaussures,cordonnerie,serrurerie,maroquinerie dans le sens le plus large;
  6. Tous produits de l’artisanat en général,tapisserie,y compris les articles du tiers-monde,des meubles;
  7. Tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage,ainsi que savons et détergents;
  8. Tous les articles d’horticulture tels que fleurs,plantes,articles de jardinage,aménagement et entretien de jardins et de pépinières;
  9. Tous livres,antiquités,brocantes,objets de décoration,machines industrielles;
  10. Tous appareils électroménagers,tous films de bandes magnétiques,cassettes,tous articles imprimés ou enregistrés permettant leur lecture,vision ou audition;
  11. Tous matériaux de bureau et de l’informatique,téléphones,gsm,fax;
  12. Tous véhicules neufs et d’occasion,ainsi que leurs pièces détachées.
  13. Toutcequiestutileounécessaireàl'accomplissementdesonobjet
  14. Acquérir,créer,louer,donnerenlocation,exploiteretvendreimmeubles,usines,carrières,magasins,établissements,matériels,moteursetmachines
  15. Acheter,prendre,mettreenvaleur,exploiteroucéderbrevets,licences,procédésetsecretsdefabrication,marquesdefabriques
  16. Toutesopérationscommerciales,industrielles,financières,mobilièresouimmobilièresenrapportdirectouindirectavecl'objet
  17. S'intéresserparassociation,apport,fusion,interventionfinancièreoudanssociétésoudeentreprisesàobjetidentiqueanalogueconnexe
  18. Exercerfonctionsd'administrateur,gérantouliquidateur
  19. Pleinecapacitéjuridiquepouractesetopérationsenrapportdirectouindirectavecl'objet
  20. L’entreprise générale du bâtiment,menuiserie,peinture,maçonnerie,électricité,travaux de toiture,pose de chapes de tout type,travaux de carrelage et placement de cloisons en gyproc;
  21. Toutes opérations se rapportant directement ou indirectement à l’entretien,la rénovation,les travaux de réparations,d’embellissements,de renouvellement et de modernisation,et la maintenance de tous les types d’ouvrages d’art,de biens immeubles,et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment;
  22. Réalisation de décorations tant intérieures qu’extérieures;
  23. Placement,installation et réparation de tout chauffage tant d’immeuble privé que professionnel,éclairage,ainsi que les travaux de plomberie sanitaire;
  24. Travaux d’isolation ;
  25. Toute activité se rapportant à l'entreprise de jardins et d'une manière générale toute activité en rapport avec la jardinerie,l'agriculture et l'horticulture;
  26. La préparation,la rédaction et la conclusion en tant que mandataire ou pour compte propre,de tous marchés de travaux publics ou privés ou de fourniture et faite toutes opérations se rattachant à ces objets.
  27. Nettoyage industriel;nettoyage intérieur de tous types de bâtiments:bureaux,usines,ateliers,bâtiments commerciaux ou industriels,immeubles à appartements y compris le nettoyage de la verrerie.
  28. Travaux de secrétariat,de bureau et travaux administratifs ;
  29. Soutien de bureau,conseil ;
  30. Transport de marchandises et de personnes ;
  31. Le commerce au détail de véhicules automobiles pour le transport de personnes y compris les véhicules automobiles spécialisés (ambulances) ;
  32. Services ménagers dans le système des titres services (nettoyage à domicile,lessive,repassage,petits travaux de couture,préparation des repas,services de courses ménagères);
  33. La fabrication de meubles ;
  34. Garderie d’enfants ;
  35. L’informatique en général:l’élaboration et la conception de logiciel,la vente et l’achat de matériel informatique et de bureau,ainsi que de consommables de bureau,l’étude de projets informatiques au sens large,et tout ce qui se rapporte directement ou indirectement à l’informatique,la consultance,la formation,la commercialisation des services et de produits,la maintenance hardware et software.
  36. L’achat et la vente ainsi que la gestion de tout bien immobilier en vue d’une gestion patrimoniale.
  37. Librairie ;
  38. Entreprise de courrier express;
  39. Tous snacks bars,pizzeria,brasseries,salon de consommation,hôtels,restaurants,tavernes,cafés,discothèques,buffets,vestiaires pour publics,locations de places,salles d’organisation,de banquet et service traiteur ;
  40. Garage auto ainsi que la réalisation d’un commerce de voitures d’occasion y compris la location des voitures ;
  41. Entreprise de réparation de véhicules automobiles,la réparation des parties mécaniques et électriques ;
  42. D’un salon de coiffure ;
  43. Entreprise de design ;
  44. Entreprise de garde et sécurité

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MARINA CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed

deed of 06-09-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
One provision in the deed

deed of 06-09-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
One provision in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed
Share issue ruleHow and by whom new shares can be issued.
One provision in the deed

deed of 06-09-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of July

deed of 06-09-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Décision de l’assemblée générale dans formes des modifications aux statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Assemblée générale, administrateurs en fonction si aucun autre désigné” (deed in French)

deed of 06-09-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Admission à l’assemblée générale, inscription dans le registre des titres nominatifs relatif à sa catégorie” (deed in French)
Other provision: “Séances–procès-verbaux, membres du bureau et actionnaires présents qui le demandent,copies par membres de l’organe d’administration ayant…” (deed in French)
Other provision: “Toute autre personne actionnaire ou non par procuration écrite par tout moyen de transmission, délibérations” (deed in French)
Other provision: “Organe d’administration, séance tenante” (deed in French)
Other provision: “Pouvoirs conférés par le Code des sociétés et des associations, pouvoirs de l’assemblée générale” (deed in French)
Other provision: “Répartition–réserves, assemblée générale sur proposition de l’organe d’administration” (deed in French)
Liquidation distribution: “Proportion des actions avec remise des biens conservés dans même proportion” (deed in French)
Other provision: “Communications,sommations,assignations,significations, siège sauf autre domicile élu en Belgique vis-à-vis de la société” (deed in French)
Other provision: “Tribunaux du siège, litiges entre société,actionnaires,administrateurs,commissaires et liquidateurs sur affaires et statuts” (deed in French)
Other provision: “Droit commun, Code des sociétés et des associations” (deed in French)
8 more provisions in the deed, see the deed of 06-09-2024

deed of 06-09-2024