MAROSAN
ActiveSummary
MAROSAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €30k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+12
Solvency69▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 8.22 against 4.73 in 2024; short-term debt: 5.9% and cash: 1.6% of total assets), but 56.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
43.8%
Return on assets
5.2%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
119 d late
2023
19 d early
2022
26 d early
2021
32 d early
2020
26 d late
2019
25 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€249k▲ 13.5%
2024 · €219k
2018: €86k
2019: €107k
2020: €108k
2021: €150k
2022: €167k
2023: €200k
2024: €219k
2018 → 2025
Total assets
€568k▲ 1.2%
2024 · €562k
2018: €464k
2019: €504k
2020: €515k
2021: €524k
2022: €551k
2023: €555k
2024: €562k
2018 → 2025
Net result
€30k▲ 52.7%
2024 · €19k
2018: €15k
2019: €21k
2020: €560
2021: €42k
2022: €18k
2023: €33k
2024: €19k
2018 → 2025
Working capital
€241k▲ 14.3%
2024 · €210k
2018: €77k
2019: €155k
2020: €144k
2021: €167k
2022: €165k
2023: €176k
2024: €210k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€167k▲ 11.8%€200k▲ 19.5%€219k▲ 9.7%€249k▲ 13.5%
Operating result€57k-€30k▼ 46.7%€62k▲ 107%€40k▼ 35.8%€53k▲ 33.3%
Net result€42k-€18k▼ 57.6%€33k▲ 84.2%€19k▼ 40.5%€30k▲ 52.7%
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 33% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €568k
Fixed assets
€294k ▼ 0.2%
Current assets
€274k ▲ 2.6%
Equity and liabilities €568k
Equity
€249k ▲ 13.5%
Debt
€319k ▼ 6.7%
Debt's share of the balance-sheet total falls from 61.0% to 56.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
8.22▲
2024 · 4.73
Debt to equity
1.28▼
2024 · 1.56
ROE
11.9%▲
2024 · 8.8%
ROA
5.2%▲
2024 · 3.4%
Debt ≤ 1 year
€33k▼
2024 · €56k
Debt > 1 year
€286k=
2024 · €286k
Income taxes
€19k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€562k€568k▲
Fixed assets21/28€295k€294k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€294k€294k=
Land and buildings22€294k€294k=
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Financial fixed assets28€530-
Current assets29/58€267k€274k▲
Amounts receivable after more than one year29€86k€86k=
Other amounts receivable291€86k€86k=
Stocks and contracts in progress3€980-
Stocks30/36€980-
Amounts receivable within one year40/41€179k€178k▼
Trade receivables40€13k€5k▼
Other amounts receivable41€166k€174k▲
Cash at bank and in hand54/58€578€9k▲
Deferred charges and accrued income490/1€139-
Equity and liabilities
Total equity and liabilities10/49€562k€568k▲
Equity10/15€219k€249k▲
Contributions10/11€6k€6k=
Reserves13€85k€115k▲
Distributable reserves133€85k€115k▲
Profit (loss) carried forward14€128k€128k=
Amounts payable17/49€343k€319k▼
Amounts payable after more than one year17€286k€286k=
Financial debts170/4€286k€286k=
Amounts payable within one year42/48€56k€33k▼
Current portion of amounts payable after more than one year42€21k-
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€18k€13k▼
Suppliers440/4€18k€13k▼
Taxes, remuneration and social security45€17k€17k▲
Taxes450/3€17k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€2k€2k▲
Gross operating margin9900€43k€56k▲
Operating profit (loss)9901€40k€53k▲
Financial income75/76B€12k€12k▼
Recurring financial income75€12k€12k▼
Financial charges65/66B€21k€16k▼
Recurring financial charges65€21k€16k▼
Profit (loss) for the period before taxes9903€31k€49k▲
Income taxes67/77€12k€19k▲
Profit (loss) for the period9904€19k€30k▲
Profit (loss) for the period to be appropriated9905€19k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€147k€157k▲
Profit (loss) brought forward from the previous period14P€128k€128k=
Transfer to equity691/2€19k€30k▲
To other reserves6921€19k€30k▲
The notes to these accounts (10 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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
31-12
Financial
Equity above €200kEq €219k ▲9.7%
7 profitable years in a row build equity to €219k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €167k ▲11.8%
5 profitable years in a row build equity to €167k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €42k ▲7,330%
Net result €42k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €560 ▼97.3%
Net result drops to €560, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.95
Current ratio from 1.94 to 3.95; short-term debt falls from €82k to €53k.
Show earlier events
31-12
Financial
Equity above €100kEq €107k ▲24.3%
2 profitable years in a row build equity to €107k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Wommelgem · 1 establishment unit since 2005
Ground area
324 m²
Building footprint
110 m²
Volume, LiDAR
679 m³
Parcel 11052B0288/00K000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAROSAN
since 20052.146.404.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052B0288/00K000 | Flanders | 324 m² | 1 · 110 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 4,677 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.