MARIT
ActiveSummary
MARIT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €27k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 3136 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 11.12 against 6.26 in 2024; short-term debt: 4.8% and cash: 10.3% of total assets), and 4.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
95.2%
Return on assets
12.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €202k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
31 d early
2023
on the day
2022
39 d early
2021
8 d late
2020
43 d early
2019
32 d late
← before the deadline
after the deadline →
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€202k▲ 15.7%
2024 · €175k
Total assets
€212k▲ 12.5%
2024 · €189k
Net result
€27k▲ 11,409%
2024 · €238
Working capital
€102k▲ 39.7%
2024 · €73k
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€6k€6k▲ 4.5%€-10k€557€28k▲ 4,870%
Net result€6k€5k▼ 5.9%€-11k€238€27k▲ 11,409%
Equity€180k▲ 3.3%€185k▲ 3.0%€175k▼ 5.8%€175k▲ 0.1%€202k▲ 15.7%
Total assets€186k▲ 0.1%€191k▲ 3.0%€185k▼ 3.2%€189k▲ 2.1%€212k▲ 12.5%
Debt€5k▼ 50.1%€6k▲ 3.4%€10k▲ 82.7%€14k▲ 34.4%€10k▼ 27.4%
Working capital€87k▲ 8.4%€86k▼ 1.9%€76k▼ 11.1%€73k▼ 3.8%€102k▲ 39.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4,870% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€100k ▼ 1.6%
Current assets
€113k ▲ 29.0%
Equity and liabilities €212k
Equity
€202k ▲ 15.7%
Debt
€10k ▼ 27.4%
Debt's share of the balance-sheet total falls from 7.4% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €4k
Cash flow
€30k▲
2024 · €3k
Current ratio
11.12▲
2024 · 6.26
Quick ratio
2.39▲
2024 · 1.40
Debt to equity
0.05▼
2024 · 0.08
ROE
13.6%▲
2024 · 0.1%
ROA
12.9%▲
2024 · 0.1%
Interest coverage
561.64▲
2024 · 66.71
Debt ≤ 1 year
€10k▼
2024 · €14k
Income taxes
€210▼
2024 · €275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €1k | €3k | €3k | ▼ 13.6% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▼ 13.1% |
| Gross operating margin9900 | €9k | €10k | €-7k | €6k | €32k | ▲ 454% |
| Operating profit (loss)9901 | €6k | €6k | €-10k | €557 | €28k | ▲ 4,870% |
| Financial income75/76B | €51 | €18 | €5 | €10 | €15 | ▲ 42.3% |
| Recurring financial income75 | €51 | €18 | €5 | €10 | €15 | ▲ 42.3% |
| Financial charges65/66B | €48 | €54 | €54 | €54 | €54 | = |
| Recurring financial charges65 | €48 | €54 | €54 | €54 | €54 | = |
| Profit (loss) for the period before taxes9903 | €6k | €6k | €-10k | €514 | €28k | ▲ 5,286% |
| Income taxes67/77 | €0 | €561 | €563 | €275 | €210 | ▼ 23.7% |
| Profit (loss) for the period9904 | €6k | €5k | €-11k | €238 | €27k | ▲ 11,409% |
| Profit (loss) for the period to be appropriated9905 | €6k | €5k | €-11k | €238 | €27k | ▲ 11,409% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186k | €191k | €185k | €189k | €212k | ▲ 12.5% |
| Fixed assets21/28 | €93k | €100k | €98k | €101k | €100k | ▼ 1.6% |
| Tangible fixed assets22/27 | €93k | €100k | €98k | €101k | €100k | ▼ 1.6% |
| Land and buildings22 | €90k | €98k | €97k | €100k | €98k | ▼ 2.1% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | €1k | €870 | ▼ 28.2% |
| Furniture and vehicles24 | - | - | - | - | €813 | - |
| Current assets29/58 | €93k | €91k | €87k | €87k | €113k | ▲ 29.0% |
| Stocks and contracts in progress3 | €73k | €71k | €61k | €68k | €88k | ▲ 30.4% |
| Stocks30/36 | €73k | €71k | €61k | €68k | €88k | ▲ 30.4% |
| Amounts receivable within one year40/41 | €2k | €1k | €16k | €16k | €279 | ▼ 98.2% |
| Trade receivables40 | €2k | €0 | €15k | €15k | €0 | ▼ 100% |
| Other amounts receivable41 | €620 | €1k | €1k | €1k | €279 | ▼ 73.2% |
| Cash at bank and in hand54/58 | €15k | €17k | €7k | €2k | €22k | ▲ 1,044% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €2k | ▲ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186k | €191k | €185k | €189k | €212k | ▲ 12.5% |
| Equity10/15 | €180k | €185k | €175k | €175k | €202k | ▲ 15.7% |
| Contributions10/11 | €223k | €223k | €223k | €223k | €223k | = |
| Capital10 | €223k | €223k | - | - | - | - |
| Issued capital100 | €223k | €223k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Other1319 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-45k | €-39k | €-50k | €-50k | €-22k | ▲ 55.0% |
| Amounts payable17/49 | €5k | €6k | €10k | €14k | €10k | ▼ 27.4% |
| Amounts payable within one year42/48 | €5k | €6k | €10k | €14k | €10k | ▼ 27.4% |
| Trade debts44 | €2k | €5k | €9k | €11k | €3k | ▼ 71.5% |
| Suppliers440/4 | €2k | €5k | €9k | €11k | €3k | ▼ 71.5% |
| Advances received on contracts in progress46 | - | - | - | - | €925 | - |
| Taxes, remuneration and social security45 | €1k | €246 | €710 | €997 | €952 | ▼ 4.5% |
| Taxes450/3 | €1k | €246 | €710 | €747 | €702 | ▼ 6.1% |
| Remuneration and social security454/9 | - | - | - | €250 | €250 | = |
| Other amounts payable47/48 | €3k | €0 | €1k | €2k | €5k | ▲ 225% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €5k | €-11k | €238 | €27k | ▲ 11,409% |
| + Depreciation and write-downs630 | €1k | €2k | €1k | €3k | €3k | ▼ 13.6% |
| Operating cash flow (approximation) | €7k | €7k | €-10k | €3k | €30k | ▲ 816% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €-6k | €-970 | ▲ 84.3% |
| Change in cash | - | €2k | €-10k | €-5k | €20k | ▲ 471% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €27k ▲11,409%
Operating result €28k, net result €27k, both a record.
31-12
Financial
Equity above €200kEq €202k ▲15.7%
2 profitable years in a row build equity to €202k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €238
Net result €238 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 16.91
Current ratio from 8.32 to 16.91; short-term debt falls from €11k to €5k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
Show earlier events
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
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 4 acts read
About the unread acts
We know of 4 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
4 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, Pepingen · 1 establishment unit since 1994
Ground area
1,333 m²
Building footprint
706 m²
Volume, LiDAR
3,816 m³
Parcel 23007B0363/00L000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARIT NV
since 19942.066.444.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23007B0363/00L000 | Flanders | 1,333 m² | 1 · 706 m² | 8.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePepingen2.066.444.646
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Of 20,586 companies in sector 01500 we hold annual accounts for 1,149. 933 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
01610Support activities for crop production
Scores and ratios are computed by Checked and are not a credit decision.