MARINS
ActiveSummary
MARINS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €383,052 and a net result of €129,118. Equity is shrinking by ~4.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+5
Solvency81▼-9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.44 against 3.05 in 2024; short-term debt: 37.8% and cash: 49% of total assets), and 43.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
56.3%
Return on assets
19%
Age of the figures
9 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
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
57 d early
2022
49 d early
2021
58 d early
2020
50 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 49 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€383,052▼ 3.4%
2024 · €396,565
Total assets
€680,016▲ 10.6%
2024 · €614,753
Net result
€129,118▲ 42.0%
2024 · €90,906
Working capital
€370,375▲ 1.4%
2024 · €365,396
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€109,280▲ 9.2%€95,299▼ 12.8%€140,999▲ 48.0%€129,678▼ 8.0%€156,783▲ 20.9%
Net result€74,649▲ 9.9%€63,465▼ 15.0%€94,151▲ 48.4%€90,906▼ 3.4%€129,118▲ 42.0%
Equity€396,053▼ 29.4%€377,949▼ 4.6%€383,926▲ 1.6%€396,565▲ 3.3%€383,052▼ 3.4%
Total assets€670,799▼ 11.4%€588,119▼ 12.3%€606,152▲ 3.1%€614,753▲ 1.4%€680,016▲ 10.6%
Debt€274,746▲ 39.8%€210,170▼ 23.5%€222,226▲ 5.7%€218,188▼ 1.8%€296,965▲ 36.1%
Working capital€415,048▼ 28.7%€399,388▼ 3.8%€332,561▼ 16.7%€365,396▲ 9.9%€370,375▲ 1.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €680,016
Fixed assets
€52,517 ▼ 26.5%
Current assets
€627,500 ▲ 15.5%
Equity and liabilities €680,016
Equity
€383,052 ▼ 3.4%
Debt
€296,965 ▲ 36.1%
Debt's share of the balance-sheet total rises from 35.5% to 43.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€178,170▲
2024 · €151,279
Cash flow
€150,505▲
2024 · €112,507
Current ratio
2.44▼
2024 · 3.05
Debt to equity
0.78▲
2024 · 0.55
ROE
33.7%▲
2024 · 22.9%
ROA
19.0%▲
2024 · 14.8%
Interest coverage
15.56▲
2024 · 13.72
Debt ≤ 1 year
€257,125▲
2024 · €177,863
Debt > 1 year
€35,000=
2024 · €35,000
Income taxes
€54,942▲
2024 · €37,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,810 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 | €3,870 | €4,202 | €12,611 | €21,601 | €21,387 | ▼ 1.0% |
| Other operating charges640/8 | €1,527 | €1,534 | €1,028 | €884 | €907 | ▲ 2.6% |
| Non-recurring operating charges66A | - | €210 | €63 | €63 | €116 | ▲ 84.5% |
| Gross operating margin9900 | €114,677 | €101,244 | €154,701 | €152,227 | €179,193 | ▲ 17.7% |
| Operating profit (loss)9901 | €109,280 | €95,299 | €140,999 | €129,678 | €156,783 | ▲ 20.9% |
| Financial income75/76B | €261 | €1,648 | €4,473 | €9,499 | €38,724 | ▲ 308% |
| Recurring financial income75 | €261 | €1,648 | €4,473 | €9,499 | €38,724 | ▲ 308% |
| Financial charges65/66B | €5,477 | €8,532 | €13,693 | €11,029 | €11,447 | ▲ 3.8% |
| Recurring financial charges65 | €5,477 | €8,532 | €13,693 | €11,029 | €11,447 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €104,065 | €88,416 | €131,779 | €128,148 | €184,060 | ▲ 43.6% |
| Income taxes67/77 | €29,416 | €24,951 | €37,628 | €37,243 | €54,942 | ▲ 47.5% |
| Profit (loss) for the period9904 | €74,649 | €63,465 | €94,151 | €90,906 | €129,118 | ▲ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €74,649 | €63,465 | €94,151 | €90,906 | €129,118 | ▲ 42.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €670,799 | €588,119 | €606,152 | €614,753 | €680,016 | ▲ 10.6% |
| Fixed assets21/28 | €18,375 | €16,047 | €90,010 | €71,494 | €52,517 | ▼ 26.5% |
| Tangible fixed assets22/27 | €15,584 | €13,256 | €87,220 | €68,704 | €49,726 | ▼ 27.6% |
| Plant, machinery and equipment23 | - | - | - | €2,515 | €3,230 | ▲ 28.4% |
| Furniture and vehicles24 | €3,525 | €3,609 | €79,984 | €61,364 | €44,084 | ▼ 28.2% |
| Other tangible fixed assets26 | €12,060 | €9,648 | €7,236 | €4,824 | €2,412 | ▼ 50.0% |
| Financial fixed assets28 | €2,790 | €2,790 | €2,790 | €2,790 | €2,790 | = |
| Current assets29/58 | €652,424 | €572,072 | €516,142 | €543,259 | €627,500 | ▲ 15.5% |
| Amounts receivable within one year40/41 | €24,656 | €6,158 | €3,480 | €599 | - | - |
| Trade receivables40 | €24,000 | €1,000 | €780 | - | - | - |
| Other amounts receivable41 | €656 | €5,158 | €2,700 | €599 | - | - |
| Current investments50/53 | €172,506 | €202,568 | €312,955 | €288,701 | €256,013 | ▼ 11.3% |
| Cash at bank and in hand54/58 | €448,689 | €351,322 | €165,871 | €209,844 | €333,213 | ▲ 58.8% |
| Deferred charges and accrued income490/1 | €6,573 | €12,025 | €33,837 | €44,116 | €38,274 | ▼ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €670,799 | €588,119 | €606,152 | €614,753 | €680,016 | ▲ 10.6% |
| Equity10/15 | €396,053 | €377,949 | €383,926 | €396,565 | €383,052 | ▼ 3.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €386,053 | €367,949 | €373,926 | €386,565 | €373,052 | ▼ 3.5% |
| Distributable reserves133 | €386,053 | €367,949 | €373,926 | €386,565 | €373,052 | ▼ 3.5% |
| Amounts payable17/49 | €274,746 | €210,170 | €222,226 | €218,188 | €296,965 | ▲ 36.1% |
| Amounts payable after more than one year17 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Other amounts payable178/9 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Amounts payable within one year42/48 | €237,377 | €172,684 | €183,581 | €177,863 | €257,125 | ▲ 44.6% |
| Trade debts44 | €369 | €271 | €930 | €521 | €433 | ▼ 16.8% |
| Suppliers440/4 | €369 | €271 | €930 | €521 | €433 | ▼ 16.8% |
| Taxes, remuneration and social security45 | €8,973 | €5,536 | €6,379 | €6,617 | €24,189 | ▲ 266% |
| Taxes450/3 | €8,973 | €5,536 | €6,379 | €6,617 | €24,189 | ▲ 266% |
| Other amounts payable47/48 | €228,034 | €166,878 | €176,272 | €170,725 | €232,502 | ▲ 36.2% |
| Accrued charges and deferred income492/3 | €2,369 | €2,485 | €3,645 | €5,325 | €4,840 | ▼ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74,649 | €63,465 | €94,151 | €90,906 | €129,118 | ▲ 42.0% |
| + Depreciation and write-downs630 | €3,870 | €4,202 | €12,611 | €21,601 | €21,387 | ▼ 1.0% |
| Operating cash flow (approximation) | €78,519 | €67,666 | €106,762 | €112,507 | €150,505 | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | -€1,874 | -€86,574 | -€3,085 | -€2,410 | ▲ 21.9% |
| Change in cash | - | -€97,367 | -€185,451 | €43,973 | €123,369 | ▲ 181% |
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 €129,118 ▲42%
Operating result €156,783, net result €129,118, both a record.
17-09
State Gazette act
Board meeting · Director resignation
Director discharge · Director appointment
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
15-01
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2010
Ground area
1,213 m²
Building footprint
172 m²
Volume, LiDAR
943 m³
Parcel 46013A0578/00C000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Marins
since 20102.186.397.321
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46013A0578/00C000 | Flanders | 1,213 m² | 1 · 172 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
6 locations
Recognitions · licences · registrations
Legal Entity Identifier
5299003UJ79MLGI5I890
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-2010
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822682833
Also
9925:BE0822682833
Registered
08-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.