Financials
- Fiscal year
- 2025
- Total assets
- €296,761
- Loss
- -€39,171
- Solvency
- 15.9%
Total assets▼ 1.7%
Net result
20182025
MARNA
ActiveSummary
MARNA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,160 and a net result of -€39,171. Equity is shrinking by ~18% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 36% of 4286 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
#2 oldest company in Zemst, Accommodation and food service sector1 site
Size
€296,761total assets 2025
- Equity
- €47,160
- Loss
- -€39,171
Turnover not published (abridged schema)
Structure
Accounts 14 d early0 of 8 deeds read
Why 62- Sector Food and beverage service activities (NACE 56)- Loss of €39,171, the second in a row (FY 2025)- Equity €47,160 (15.9% of total assets)+ Size: total assets €296,761Show the evidence
Checked score
Score 2025
62
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 19% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
41-13
equity 15.9% of total assets
Liquidity
6-7
short-term debt 84.1% · cash 2.1%
Profitability
2+2
return on assets -13.2%
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.0%● 0.0% vs 11-2024
01-2025: 1.0%▼ -1.0% vs 12-2024lowest value
02-2025: 1.0%● 0.0% vs 01-2025lowest value
03-2025: 1.0%● 0.0% vs 02-2025lowest value
04-2025: 1.1%▲ +7.7% vs 03-2025
05-2025: 1.1%▼ -0.6% vs 04-2025
06-2025: 1.0%▼ -3.0% vs 05-2025
07-2025: 1.3%▲ +19.8% vs 06-2025
08-2025: 1.6%▲ +27.7% vs 07-2025
09-2025: 1.7%▲ +5.1% vs 08-2025
10-2025: 1.6%▼ -5.4% vs 09-2025
11-2025: 1.6%● 0.0% vs 10-2025
12-2025: 1.6%● 0.0% vs 11-2025
01-2026: 1.6%▼ -0.9% vs 12-2025
02-2026: 1.6%● 0.0% vs 01-2026
03-2026: 1.6%● 0.0% vs 02-2026
04-2026: 1.7%▲ +7.2% vs 03-2026
05-2026: 1.7%▼ -0.5% vs 04-2026
06-2026: 1.6%▼ -2.7% vs 05-2026
07-2026: 1.7%▲ +7.1% vs 06-2026highest value
08-2026: 1.5%▼ -15.4% vs 07-2026
09-2026: 1.5%● 0.0% vs 08-2026
10-2026: 1.5%● 0.0% vs 09-2026
- Sector Food and beverage service activities (NACE 56) raises the probability
- Size: total assets €296,761 lowers the probability for this profile
- Loss of €39,171, the second in a row (FY 2025) raises the probability
- Equity €47,160 (15.9% of total assets) raises the probability
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.35 in 2024; short-term debt: 84.1% and cash: 2.1% of total assets), and 84.1% of the assets are financed with debt.
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 56, micro). Better than this share of them on solvency 38%, liquidity 7%, profitability 18%, growth against the median 16%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€39,171
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
28 d late
2023
30 d late
2022
on the day
2021
2 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed 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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 17-07-2026Annual accounts filed
- 28-08-2025Annual accounts filed
- 30-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 24-07-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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