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MARINELEC

Active
Private limited company (pre-2019)founded 198640 yrs activeChemin de Feluy 27, 7090 Braine-le-Comte, BelgiumKBO/BCE: BE 0428.839.671
Summary

The computed 12-month bankruptcy probability of MARINELEC is 4.7% (elevated). The 2024 annual accounts show negative equity (-€3,690) and a net result of -€5,075. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 4345 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MARINELECActiveChecked score 35/100
Risk analysis ReportCompare

Overview

Activity
Other specialised design activities
NACE 74140Other manufacturing not elsewhere classified NACE 32990NACE 74105
#2 oldest company in Braine-le-Comte, Professional and technical services sector1 site
Size
€72,175total assets 2024
Staff
1 FTE
Equity
-€3,690
Loss
-€5,075
Financial health
35 Weak Checked score 2024
Bankruptcy chance 12 m
4.7%
Structure
Accounts 67 d overdue1 of 4 deeds read
Why 35- 1 financial year not filed after the legal deadline; latest accounts 215 days late; 3 of the last 3 late- 1 change of registered office in 24 months+ Founded in 1986+ Sector Other professional, scientific and technical activities (NACE 74)Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 11% of its sector peers (NACE 74, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 20-7
equity -5.1% of total assets
Liquidity 6-1
short-term debt 105.1% · cash 5.0%
Profitability 32-31
return on assets -7.0%
Bankruptcy probability, 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,407 companies)
Last 24 months 11-2024: 7.9% 12-2024: 7.9%● 0.0% vs 11-2024 01-2025: 7.9%● 0.0% vs 12-2024 02-2025: 7.9%● 0.0% vs 01-2025 03-2025: 7.9%● 0.0% vs 02-2025 04-2025: 7.9%● 0.0% vs 03-2025 05-2025: 7.9%● 0.0% vs 04-2025 06-2025: 7.9%● 0.0% vs 05-2025 07-2025: 7.9%● 0.0% vs 06-2025 08-2025: 10.0%▲ +26.5% vs 07-2025highest value 09-2025: 10.0%● 0.0% vs 08-2025highest value 10-2025: 10.0%● 0.0% vs 09-2025highest value 11-2025: 10.0%● 0.0% vs 10-2025highest value 12-2025: 10.0%● 0.0% vs 11-2025highest value 01-2026: 10.0%● 0.0% vs 12-2025highest value 02-2026: 10.0%● 0.0% vs 01-2026highest value 03-2026: 7.7%▼ -22.9% vs 02-2026 04-2026: 3.4%▼ -56.3% vs 03-2026 05-2026: 3.3%▼ -3.0% vs 04-2026 06-2026: 3.1%▼ -5.2% vs 05-2026lowest value 07-2026: 3.3%▲ +8.4% vs 06-2026 08-2026: 3.7%▲ +11.9% vs 07-2026 09-2026: 4.2%▲ +12.0% vs 08-2026 10-2026: 4.7%▲ +13.0% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 215 days late; 3 of the last 3 late raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Founded in 1986 lowers the probability for this profile
  • Sector Other professional, scientific and technical activities (NACE 74) lowers the probability
No credit on open account
Liquidity short (current ratio 0.72 against 0.64 in 2023; short-term debt: 105.1% and cash: 5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 74, micro). Better than this share of them on solvency 14%, liquidity 5%, profitability 23%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 215 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Founded in 1986
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Sector Other professional, scientific and technical activities (NACE 74)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€3,690
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-03-2026, 215 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
215 d late
2023
580 d late
2022
931 d late
2021
659 d late
2020
569 d late
2019
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 497 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. End & cessationJudicial annulment
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€3,690 View
  • Caution: Among the weakest 13% on equitysector median €41,560 · 4,349 companies -€3,690 View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€5,075 View

By topic

Financials

Fiscal year
2024
Total assets
€72,175
Loss
-€5,075
Solvency
-5.1%
Total assets▼ 15.1%
Net result
20182024
Go to Financials

Timeline

Events
15
Since
2016
  1. 13-05-2026End & cessation
  2. 03-03-2026Annual accounts filed
  3. 03-03-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Other specialised design activitiesNACE 74140
Founded
15-04-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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