MARLEIN
ActiveThe computed 12-month bankruptcy probability of MARLEIN is 2.3% (moderate). The 2025 annual accounts show equity of €219k and a net result of €77k. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 27319 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency99=
Growth78=
Stability100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.78 in 2024), and 35.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
64.1%
Return on assets
22.5%
Age of the figures
11 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
274 d late
2023
7 d early
2022
75 d late
2021
60 d late
2020
15 d early
← before the deadline
after the deadline →
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
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€219k▲ 47.5%
2024 · €149k
2020: €21k
2021: €45k
2022: €88k
2023: €101k
2024: €149k
2020 → 2025
Total assets
€342k▲ 48.0%
2024 · €231k
2020: €59k
2021: €176k
2022: €182k
2023: €181k
2024: €231k
2020 → 2025
Net result
€77k▲ 62.5%
2024 · €47k
2020: €11k
2021: €23k
2022: €44k
2023: €13k
2024: €47k
2020 → 2025
Working capital
€195k▲ 49.6%
2024 · €131k
2020: €13k
2021: €43k
2022: €81k
2023: €94k
2024: €131k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€88k▲ 98.2%€101k▲ 14.8%€149k▲ 46.9%€219k▲ 47.5%
Operating result€31k-€59k▲ 90.0%€21k▼ 64.6%€65k▲ 207%€105k▲ 63.2%
Net result€23k-€44k▲ 88.5%€13k▼ 70.2%€47k▲ 264%€77k▲ 62.5%
Turnover and EBIT margin not published: the 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 63% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€36k▲ 32.2%
Current assets
€306k▲ 50.1%
Equity and liabilities €342k
Equity
€219k▲ 47.5%
Debt
€123k▲ 49.0%
The debt ratio rises from 35.6% to 35.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€108k▲
2024 · €69k
Cash flow
€79k▲
2024 · €52k
Solvency
64.1%▼
2024 · 64.4%
Current ratio
2.76▼
2024 · 2.78
Quick ratio
2.76▼
2024 · 2.78
Debt / equity
0.56▲
2024 · 0.55
ROE
35.2%▲
2024 · 31.9%
ROA
22.5%▲
2024 · 20.5%
Interest coverage
24.43▼
2024 · 44.68
Debt
€123k▲
2024 · €82k
Debt ≤ 1 year
€111k▲
2024 · €73k
Debt > 1 year
€12k▲
2024 · €6k
Income taxes
€33k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€231k€342k▲
Fixed assets21/28€27k€36k▲
Tangible fixed assets22/27€27k€36k▲
Plant, machinery and equipment23€50€2k▲
Furniture and vehicles24€12k€21k▲
Other tangible fixed assets26€15k€13k▼
Current assets29/58€204k€306k▲
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€101k€196k▲
Trade receivables40€21k€25k▲
Other amounts receivable41€81k€172k▲
Cash at bank and in hand54/58€2k€9k▲
Deferred charges and accrued income490/1€429€1k▲
Equity and liabilities
Total equity and liabilities10/49€231k€342k▲
Equity10/15€149k€219k▲
Contributions10/11€10k€10k=
Reserves13€139k€209k▲
Distributable reserves133€139k€209k▲
Profit (loss) carried forward14€67€25▼
Amounts payable17/49€82k€123k▲
Amounts payable after more than one year17€6k€12k▲
Financial debts170/4€6k€12k▲
Amounts payable within one year42/48€73k€111k▲
Current portion of amounts payable after more than one year42€6k€16k▲
Trade debts44€50k€50k▼
Suppliers440/4€50k€50k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€17k€37k▲
Taxes450/3€15k€35k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48-€7k
Accrued charges and deferred income492/3€3k€240▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€71k€111k▲
Operating profit (loss)9901€65k€105k▲
Financial income75/76B€6k€9k▲
Recurring financial income75€6k€9k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€69k€110k▲
Income taxes67/77€22k€33k▲
Profit (loss) for the period9904€47k€77k▲
Profit (loss) for the period to be appropriated9905€47k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€77k▲
Profit (loss) brought forward from the previous period14P€31€67▲
Transfer to equity691/2€47k€71k▲
To other reserves6921€47k€71k▲
Profit to be distributed694/7-€7k
Directors or managers695-€7k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 274 days late
2025
30-09
Financial
Highest result since 2020net €77k ▲62.5%
Operating result €105k, net result €77k, both a record.
30-09
Financial
Equity above €200kEq €219k ▲47.5%
6 profitable years in a row build equity to €219k.
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €101k ▲14.8%
4 profitable years in a row build equity to €101k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 75 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Bredene · 2 establishment units since 2019
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.
Duinenstraat 778450 BredeneGround area
574 m²
Building footprint
157 m²
Volume, LiDAR
767 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Sani-Max
since 20192.292.181.264
Duinenstraat 77, 8450 Bredene
since 20212.320.840.509
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35002B0372/00Y000 | Flanders | 310 m² | 1 · 82 m² | 8.3 m · 2 fl. |
| 35002B0372/00Z000 | Flanders | 264 m² | 1 · 75 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SERRY KOEN
BE 0807.947.444
Wingene · Eq €219k
HIP2C
BE 0843.232.381
Sint-Niklaas · Eq €220k
Bart Goens
BE 0840.355.441
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FIRMA WEYMANS
BE 1011.914.391
Londerzeel · Eq €219k
B Clima
BE 0766.889.918
Geraardsbergen · Eq €220k
Of 6,988 companies in sector 43221 we hold annual accounts for 3,443. 2,820 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2019
Fiscal year end30-09
Trade name NL
Sani-Max
Activities, NACEBEL
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.