MARITIM
ActiveSummary
MARITIM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243k and a net result of €-27k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 79% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-89
Solvency96▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.4 in 2024; short-term debt: 27.9% and cash: 67.3% of total assets), and 29.4% of the assets are financed with debt.
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Signals
Three 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-02-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
61 d early
2023
18 d early
2022
5 d early
2021
2 d early
2020
4 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€243k▼ 10.0%
2024 · €270k
Total assets
€344k▼ 25.5%
2024 · €462k
Net result
€-27k
2024 · €107k
Working capital
€176k▼ 30.8%
2024 · €254k
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€9k▼ 37.2%€9k▼ 6.0%€103k▲ 1,086%€159k▲ 55.3%€-26k
Net result€5k▼ 61.5%€4k▼ 9.7%€68k▲ 1,523%€107k▲ 58.0%€-27k
Equity€280k▲ 1.7%€285k▲ 1.5%€324k▲ 13.7%€270k▼ 16.6%€243k▼ 10.0%
Total assets€303k▲ 3.8%€303k▼ 0.1%€390k▲ 28.8%€462k▲ 18.5%€344k▼ 25.5%
Debt€23k▲ 40.4%€18k▼ 20.1%€66k▲ 264%€192k▲ 190%€101k▼ 47.3%
Working capital€273k▲ 2.5%€281k▲ 3.0%€305k▲ 8.5%€254k▼ 16.8%€176k▼ 30.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26k after €159k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344k
Fixed assets
€73k ▲ 175%
Current assets
€272k ▼ 37.7%
Equity and liabilities €344k
Equity
€243k ▼ 10.0%
Debt
€101k ▼ 47.3%
Debt's share of the balance-sheet total falls from 41.6% to 29.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-14k▼
2024 · €167k
Cash flow
€-15k▼
2024 · €115k
Current ratio
2.83▲
2024 · 2.40
Debt to equity
0.42▼
2024 · 0.71
ROE
-11.1%▼
2024 · 39.8%
ROA
-7.8%▼
2024 · 23.2%
Interest coverage
-16.24▼
2024 · 148.62
Debt ≤ 1 year
€96k▼
2024 · €182k
Debt > 1 year
€5k▼
2024 · €10k
Income taxes
€308▼
2024 · €54k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €0 | €7k | €1k | ▼ 80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €1k | €7k | €12k | ▲ 61.5% |
| Other operating charges640/8 | €1k | €631 | €3k | €4k | €2k | ▼ 40.7% |
| Non-recurring operating charges66A | - | €2k | €0 | - | - | - |
| Gross operating margin9900 | €15k | €16k | €107k | €171k | €-12k | ▼ 107% |
| Operating profit (loss)9901 | €9k | €9k | €103k | €159k | €-26k | ▼ 116% |
| Financial income75/76B | €0 | €623 | €690 | €3k | €250 | ▼ 91.1% |
| Recurring financial income75 | €0 | €623 | €690 | €3k | €250 | ▼ 91.1% |
| Financial charges65/66B | €1k | €867 | €357 | €1k | €862 | ▼ 23.2% |
| Recurring financial charges65 | €1k | €867 | €357 | €1k | €862 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €8k | €8k | €103k | €161k | €-27k | ▼ 116% |
| Income taxes67/77 | €3k | €4k | €35k | €54k | €308 | ▼ 99.4% |
| Profit (loss) for the period9904 | €5k | €4k | €68k | €107k | €-27k | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €5k | €4k | €68k | €107k | €-27k | ▼ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303k | €303k | €390k | €462k | €344k | ▼ 25.5% |
| Fixed assets21/28 | €8k | €4k | €34k | €26k | €73k | ▲ 175% |
| Tangible fixed assets22/27 | €8k | €4k | €34k | €26k | €64k | ▲ 143% |
| Land and buildings22 | €74 | €0 | - | - | - | - |
| Furniture and vehicles24 | €8k | €4k | €34k | €26k | €64k | ▲ 143% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €9k | ▲ 5,667% |
| Current assets29/58 | €295k | €299k | €356k | €436k | €272k | ▼ 37.7% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Other amounts receivable291 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €84k | €61k | €65k | €96k | €39k | ▼ 59.3% |
| Trade receivables40 | €74k | €41k | €40k | €29k | €19k | ▼ 34.3% |
| Other amounts receivable41 | €10k | €20k | €25k | €67k | €20k | ▼ 70.2% |
| Cash at bank and in hand54/58 | €210k | €236k | €288k | €340k | €232k | ▼ 31.8% |
| Deferred charges and accrued income490/1 | €1k | €3k | €3k | €0 | €747 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303k | €303k | €390k | €462k | €344k | ▼ 25.5% |
| Equity10/15 | €280k | €285k | €324k | €270k | €243k | ▼ 10.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €262k | €266k | €305k | €251k | €224k | ▼ 10.7% |
| Distributable reserves133 | €262k | €266k | €305k | €251k | €224k | ▼ 10.7% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €23k | €18k | €66k | €192k | €101k | ▼ 47.3% |
| Amounts payable after more than one year17 | - | - | €15k | €10k | €5k | ▼ 48.8% |
| Financial debts170/4 | - | - | €15k | €10k | €5k | ▼ 48.8% |
| Amounts payable within one year42/48 | €22k | €18k | €51k | €182k | €96k | ▼ 47.3% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | €5k | €5k | ▲ 5.1% |
| Trade debts44 | €15k | €14k | €0 | €3k | €3k | ▼ 6.2% |
| Suppliers440/4 | €15k | €14k | €0 | €3k | €3k | ▼ 6.2% |
| Taxes, remuneration and social security45 | €6k | €392 | €17k | €13k | €9k | ▼ 34.5% |
| Taxes450/3 | €6k | €392 | €17k | €13k | €9k | ▼ 34.5% |
| Other amounts payable47/48 | €872 | €4k | €29k | €161k | €80k | ▼ 50.6% |
| Accrued charges and deferred income492/3 | €556 | €360 | €15 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €4k | €68k | €107k | €-27k | ▼ 125% |
| + Depreciation and write-downs630 | €4k | €4k | €1k | €7k | €12k | ▲ 61.5% |
| Operating cash flow (approximation) | €9k | €8k | €69k | €115k | €-15k | ▼ 113% |
| Investment in fixed assets (approximation) | - | €0 | €-31k | €0 | €-58k | - |
| Change in cash | - | €25k | €53k | €51k | €-108k | ▼ 310% |
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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity quadruplescurrent ratio 17.45
Current ratio from 4.87 to 17.45; short-term debt falls from €68k to €16k.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €173k ▲344%
Operating result €258k, net result €173k, both a record.
30-09
Financial
Equity above €200kEq €264k ▲157%
2 profitable years in a row build equity to €264k.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-04
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, Knokke-Heist · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Achtmeilaan 328301 Knokke-Heist1 establishment unit
Casaspanje
since 19902.049.673.346
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,099 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
Founded01-10-1990
Fiscal year end30-09
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.