MARO GROUP

Active

Private limited companyfounded 20206 yrs activeKemstraat 25, 3770 Riemst, BelgiumKBO/BCE: BE 0751.576.586

The computed 12-month bankruptcy probability of MARO GROUP is 1.9% (moderate). The 2025 annual accounts show equity of €348k and a net result of €82k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 46% of 237 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

68 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability80▼-5

Solvency62▼-5

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €23k at 30 days acceptable

Liquidity ample (current ratio 2.08 against 2.62 in 2024; short-term debt: 42.2% and cash: 40.3% of total assets), but 62.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 31

Relative position

BE, all sectors

reference

Sector 31

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

37.4%

Return on assets

8.8%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 filings

Deviation from the deadline

2025

25 d late

2024

on the day

2023

on the day

2022

31 d late

2021

30 d late

2020

61 d late

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€348k▲ 0.7%

2024 · €346k

2020: €91k 2021: €123k 2022: €180k 2023: €237k 2024: €346k

2020 → 2025

Total assets

€932k▲ 13.2%

2024 · €823k

2020: €259k 2021: €361k 2022: €348k 2023: €690k 2024: €823k

2020 → 2025

Net result

€82k▼ 24.8%

2024 · €109k

2020: €86k 2021: €33k 2022: €57k 2023: €57k 2024: €109k

2020 → 2025

Working capital

€425k▼ 3.3%

2024 · €439k

2020: €72k 2021: €107k 2022: €154k 2023: €347k 2024: €439k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€123k-€180k▲ 45.8%€237k▲ 31.5%€346k▲ 46.2%€348k▲ 0.7%

Operating result€52k-€85k▲ 63.3%€87k▲ 1.4%€154k▲ 77.8%€125k▼ 19.1%

Net result€33k-€57k▲ 72.1%€57k▲ 0.2%€109k▲ 93.0%€82k▼ 24.8%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 19% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €932k

12.2%

87.8%

Fixed assets €114k▲ 0.7%

Current assets €818k▲ 15.2%

Equity and liabilities €932k

37.4%

62.6%

Equity €348k▲ 0.7%

Debt €583k▲ 22.2%

The debt ratio rises from 58.0% to 62.6%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€164k▼

2024 · €184k

Cash flow

€122k▼

2024 · €140k

Solvency

37.4%▼

2024 · 42.0%

Current ratio

2.08▼

2024 · 2.62

Quick ratio

0.96▼

2024 · 1.05

Debt / equity

1.67▲

2024 · 1.38

ROE

23.6%▼

2024 · 31.6%

ROA

8.8%▼

2024 · 13.3%

Interest coverage

11.38▼

2024 · 19.09

Debt

€583k▲

2024 · €477k

Debt ≤ 1 year

€393k▲

2024 · €271k

Debt > 1 year

€190k▼

2024 · €206k

Income taxes

€31k▼

2024 · €42k

Staff costs

€98k▲

2024 · €71k

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€823k€932k▲

Fixed assets21/28€113k€114k▲

Intangible fixed assets21€111€0▼

Tangible fixed assets22/27€106k€107k▲

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€104k€105k▲

Financial fixed assets28€7k€7k=

Current assets29/58€710k€818k▲

Stocks and contracts in progress3€425k€440k▲

Stocks30/36€425k€440k▲

Amounts receivable within one year40/41€17k€1k▼

Trade receivables40€99€1k▲

Other amounts receivable41€17k€0▼

Cash at bank and in hand54/58€268k€376k▲

Deferred charges and accrued income490/1-€679

Equity and liabilities

Total equity and liabilities10/49€823k€932k▲

Equity10/15€346k€348k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€341k€343k▲

Amounts payable17/49€477k€583k▲

Amounts payable after more than one year17€206k€190k▼

Financial debts170/4€206k€190k▼

Amounts payable within one year42/48€271k€393k▲

Current portion of amounts payable after more than one year42€22k€25k▲

Financial debts43€0€28k▲

Credit institutions430/8€0€28k▲

Trade debts44€89k€65k▼

Suppliers440/4€89k€65k▼

Advances received on contracts in progress46€111k€159k▲

Taxes, remuneration and social security45€49k€91k▲

Taxes450/3€42k€85k▲

Remuneration and social security454/9€7k€6k▼

Other amounts payable47/48€250€25k▲

Accrued charges and deferred income492/3-€200

Income statement Code20242025

Remuneration, social security and pensions62€71k€98k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€39k▲

Other operating charges640/8€3k€7k▲

Non-recurring operating charges66A€3k€0▼

Gross operating margin9900€262k€269k▲

Operating profit (loss)9901€154k€125k▼

Financial income75/76B€7k€3k▼

Recurring financial income75€7k€3k▼

Financial charges65/66B€10k€14k▲

Recurring financial charges65€10k€14k▲

Profit (loss) for the period before taxes9903€151k€113k▼

Income taxes67/77€42k€31k▼

Profit (loss) for the period9904€109k€82k▼

Profit (loss) for the period to be appropriated9905€109k€82k▼

Appropriation of the result

Profit (loss) to be appropriated9906€341k€343k▲

Profit (loss) brought forward from the previous period14P€232k€261k▲

Transfer from equity791/2-€80k

Profit to be distributed694/7-€80k

Return on contributions (dividend)694-€80k

Social balance

Average headcount (FTE)90872.12.7▲

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 25 days late

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2020net €109k ▲93%

Operating result €154k, net result €109k, both a record.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €200kEq €237k ▲31.5%

4 profitable years in a row build equity to €237k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 31 days late

2022

31-12

Financial Equity above €150kEq €180k ▲45.8%

3 profitable years in a row build equity to €180k.

30-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 30 days late

2021

31-12

Financial Weakest financial yearnet €33k ▼61.6%

Net result drops to €33k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €100kEq €123k ▲36.3%

2 profitable years in a row build equity to €123k.

30-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Riemst · 2 establishment units since 2020

establishment All 2 establishment units on the map

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.

Kemstraat 253770 Riemst

Ground area

5,112 m²

Building footprint

1,079 m²

Volume, LiDAR

4,377 m³

3 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Hippe Stoelen

Biesenakkers 1a, 3770 RiemstManufacture of furniture

since 20202.305.443.243

Hippe Stoelen

Tongersesteenweg 99, 3770 RiemstManufacture of furniture

since 20212.330.642.457

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73027A1099/02H000 ProtectedTownscape or village viewGesloten hoeveSource ↗	Flanders	4,147 m²	1 · 641 m²	10.3 m · 2 fl.
73095B1085/00G000	Flanders	513 m²	1 · 148 m²	-
73066A1772/00D000	Flanders	452 m²	1 · 290 m²	-