Marnise
ActiveSummary
Marnise has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.00M and a net result of €120k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-37
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 35.48; short-term debt: 1.8% and cash: 5.7% of total assets), and 1.9% 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○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
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
98.1%
Return on assets
5.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
53 d early
2023
13 d early
2022
28 d early
2021
75 d early
2020
11 d early
2019
39 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.00M▲ 6.4%
2024 · €1.88M
Total assets
€2.04M▲ 7.7%
2024 · €1.89M
Net result
€120k▲ 120%
2024 · €55k
Working capital
€1.24M▲ 11.8%
2024 · €1.11M
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€7k▼ 67.5%€27k▲ 274%€222k▲ 714%€33k▼ 84.9%€41k▲ 22.4%
Net result€68k▲ 208%€34k▼ 49.9%€241k▲ 607%€55k▼ 77.3%€120k▲ 120%
Equity€1.55M▲ 4.6%€1.59M▲ 2.2%€1.83M▲ 15.2%€1.88M▲ 3.0%€2.00M▲ 6.4%
Total assets€1.61M▲ 0.3%€1.68M▲ 4.5%€1.88M▲ 12.2%€1.89M▲ 0.5%€2.04M▲ 7.7%
Debt€53k▼ 54.2%€91k▲ 70.8%€56k▼ 38.5%€12k▼ 79.5%€38k▲ 233%
Working capital€750k▲ 13.9%€800k▲ 6.7%€1.05M▲ 30.8%€1.11M▲ 5.7%€1.24M▲ 11.8%
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 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.04M
Fixed assets
€768k ▼ 1.2%
Current assets
€1.27M ▲ 14.0%
Equity and liabilities €2.04M
Equity
€2.00M ▲ 6.4%
Debt
€38k ▲ 233%
Debt's share of the balance-sheet total rises from 0.6% to 1.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▲
2024 · €49k
Cash flow
€130k▲
2024 · €70k
Current ratio
35.48
Debt to equity
0.02▲
2024 · 0.01
ROE
6.0%▲
2024 · 2.9%
ROA
5.9%▲
2024 · 2.9%
Interest coverage
1.02▼
2024 · 527.78
Debt ≤ 1 year
€36k▲
2024 · €11k
Income taxes
€122▼
2024 · €129
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 | - | €10k | €210k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €20k | €17k | €16k | €10k | ▼ 38.3% |
| Other operating charges640/8 | - | €10k | €10k | €11k | €10k | ▼ 5.0% |
| Gross operating margin9900 | €36k | €57k | €249k | €60k | €61k | ▲ 1.6% |
| Operating profit (loss)9901 | €7k | €27k | €222k | €33k | €41k | ▲ 22.4% |
| Financial income75/76B | - | €7k | €19k | €21k | €129k | ▲ 502% |
| Recurring financial income75 | €61k | €7k | €19k | €21k | €129k | ▲ 502% |
| Financial charges65/66B | - | €223 | €85 | €93 | €50k | ▲ 53,236% |
| Recurring financial charges65 | €358 | €223 | €85 | €93 | €50k | ▲ 53,236% |
| Profit (loss) for the period before taxes9903 | €68k | €34k | €241k | €55k | €120k | ▲ 119% |
| Income taxes67/77 | €106 | €107 | €160 | €129 | €122 | ▼ 5.2% |
| Profit (loss) for the period9904 | €68k | €34k | €241k | €55k | €120k | ▲ 120% |
| Profit (loss) for the period to be appropriated9905 | €68k | €34k | €241k | €55k | €120k | ▲ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.61M | €1.68M | €1.88M | €1.89M | €2.04M | ▲ 7.7% |
| Fixed assets21/28 | €808k | €788k | €782k | €777k | €768k | ▼ 1.2% |
| Tangible fixed assets22/27 | €807k | €787k | €781k | €777k | €767k | ▼ 1.2% |
| Land and buildings22 | - | €774k | €775k | €777k | €767k | ▼ 1.2% |
| Furniture and vehicles24 | - | €13k | €7k | €0 | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €799k | €891k | €1.10M | €1.12M | €1.27M | ▲ 14.0% |
| Amounts receivable within one year40/41 | €5k | €2k | €6k | €11k | €13k | ▲ 16.6% |
| Trade receivables40 | - | - | - | €4k | €5k | ▲ 44.0% |
| Other amounts receivable41 | - | €2k | €6k | €8k | €8k | ▲ 3.8% |
| Current investments50/53 | €681k | €686k | €779k | €981k | €1.14M | ▲ 15.9% |
| Cash at bank and in hand54/58 | €110k | €195k | €309k | €118k | €116k | ▼ 1.4% |
| Deferred charges and accrued income490/1 | - | €7k | €9k | €7k | €7k | ▲ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.61M | €1.68M | €1.88M | €1.89M | €2.04M | ▲ 7.7% |
| Equity10/15 | €1.55M | €1.59M | €1.83M | €1.88M | €2.00M | ▲ 6.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | €360k | €360k | €360k | €360k | = |
| Reserves13 | €1.18M | €1.21M | €1.45M | €1.50M | €1.62M | ▲ 8.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €1.21M | €1.45M | €1.50M | €1.62M | ▲ 8.0% |
| Amounts payable17/49 | €53k | €91k | €56k | €12k | €38k | ▲ 233% |
| Amounts payable within one year42/48 | €49k | €91k | €55k | €11k | €36k | ▲ 242% |
| Trade debts44 | €3k | €11k | €12k | €10k | €13k | ▲ 35.0% |
| Suppliers440/4 | - | €11k | €12k | €10k | €13k | ▲ 35.0% |
| Taxes, remuneration and social security45 | - | €478 | €1k | €942 | €1k | ▲ 21.2% |
| Taxes450/3 | - | €478 | €1k | €942 | €1k | ▲ 21.2% |
| Other amounts payable47/48 | - | €79k | €42k | €0 | €22k | - |
| Accrued charges and deferred income492/3 | - | €834 | €880 | €1k | €2k | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €34k | €241k | €55k | €120k | ▲ 120% |
| + Depreciation and write-downs630 | €20k | €20k | €17k | €16k | €10k | ▼ 38.3% |
| Operating cash flow (approximation) | €88k | €54k | €258k | €70k | €130k | ▲ 84.4% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | €-11k | €0 | ▲ 100% |
| Change in cash | - | €85k | €113k | €-191k | €-2k | ▲ 99.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €2MEq €2.00M ▲6.4%
7 profitable years in a row build equity to €2.00M.
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity times 5current ratio 106.31
Current ratio from 19.93 to 106.31; short-term debt falls from €55k to €11k.
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €241k ▲607%
Operating result €222k, net result €241k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 19.93
Current ratio from 9.84 to 19.93; short-term debt falls from €91k to €55k.
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 16.39
Current ratio from 6.70 to 16.39; short-term debt falls from €115k to €49k.
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
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, Beerse · 1 establishment unit since 1989
Ground area
6,512 m²
Building footprint
4,426 m²
Volume, LiDAR
23,556 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polendam 1, 2340 Beerse
since 19892.043.214.037
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004A0453/00R002 | Flanders | 5,792 m² | 1 · 3,711 m² | 8.3 m · 2 fl. |
| 13004C0038/00N000 | Flanders | 720 m² | 1 · 715 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 2,782 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
Founded07-08-1984
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.