MARREEL
ActiveMARREEL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453k and a net result of €39k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 1729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very 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
Profitability70▼-1
Solvency39▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.57 in 2024; short-term debt: 56.3% and cash: 11% of total assets), and 85.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
14.4%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1729 sector peers (2025).
NBB · sector comparisonPosition among 1729 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
29 d late
2022
3 d early
2021
30 d late
2020
29 d early
2019
28 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€453k▲ 9.5%
2024 · €413k
2018: €342k
2019: €298k
2020: €335k
2021: €337k
2022: €311k
2023: €365k
2024: €413k
2018 → 2025
Total assets
€3.14M▲ 29.2%
2024 · €2.43M
2018: €1.25M
2019: €1.24M
2020: €1.81M
2021: €1.65M
2022: €1.41M
2023: €1.30M
2024: €2.43M
2018 → 2025
Net result
€39k▼ 18.4%
2024 · €48k
2018: €53k
2019: €37k
2020: €38k
2021: €2k
2022: €-26k
2023: €54k
2024: €48k
2018 → 2025
Working capital
€-749k▼ 13.0%
2024 · €-663k
2018: €-41k
2019: €-187k
2020: €-267k
2021: €-272k
2022: €-279k
2023: €-220k
2024: €-663k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€337k-€311k▼ 7.7%€365k▲ 17.5%€413k▲ 13.2%€453k▲ 9.5%
Operating result€8k-€-22k€65k€57k▼ 12.4%€60k▲ 5.0%
Net result€2k-€-26k€54k€48k▼ 11.2%€39k▼ 18.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.14M
Fixed assets
€2.12M▲ 36.3%
Current assets
€1.02M▲ 16.4%
Equity and liabilities €3.14M
Equity
€453k▲ 9.5%
Debt
€2.69M▲ 33.2%
The debt ratio rises from 83.0% to 85.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€277k▲
2024 · €156k
Cash flow
€257k▲
2024 · €147k
Solvency
14.4%▼
2024 · 17.0%
Current ratio
0.58▲
2024 · 0.57
Quick ratio
0.35▲
2024 · 0.29
Debt / equity
5.93▲
2024 · 4.88
ROE
8.7%▼
2024 · 11.7%
ROA
1.3%▼
2024 · 2.0%
Interest coverage
12.10▼
2024 · 12.28
Debt
€2.69M▲
2024 · €2.02M
Debt ≤ 1 year
€1.77M▲
2024 · €1.54M
Debt > 1 year
€919k▲
2024 · €479k
Income taxes
€4k▼
2024 · €6k
Staff costs
€1k▼
2024 · €2k
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€2.43M€3.14M▲
Fixed assets21/28€1.56M€2.12M▲
Intangible fixed assets21€38k€34k▼
Tangible fixed assets22/27€1.49M€2.06M▲
Land and buildings22€331k€951k▲
Plant, machinery and equipment23€496k€443k▼
Furniture and vehicles24€661k€662k▲
Financial fixed assets28€30k€30k=
Current assets29/58€874k€1.02M▲
Stocks and contracts in progress3€434k€392k▼
Stocks30/36€434k€392k▼
Amounts receivable within one year40/41€288k€280k▼
Trade receivables40€284k€260k▼
Other amounts receivable41€4k€20k▲
Cash at bank and in hand54/58€144k€346k▲
Deferred charges and accrued income490/1€8k€248▼
Equity and liabilities
Total equity and liabilities10/49€2.43M€3.14M▲
Equity10/15€413k€453k▲
Contributions10/11€25k€25k=
Reserves13€388k€428k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€386k€425k▲
Amounts payable17/49€2.02M€2.69M▲
Amounts payable after more than one year17€479k€919k▲
Financial debts170/4€479k€919k▲
Amounts payable within one year42/48€1.54M€1.77M▲
Current portion of amounts payable after more than one year42€175k€185k▲
Financial debts43€2k€7k▲
Credit institutions430/8€2k€7k▲
Trade debts44€0€164k▲
Suppliers440/4€0€164k▲
Taxes, remuneration and social security45€33k€13k▼
Taxes450/3€33k€13k▼
Remuneration and social security454/9€650€0▼
Other amounts payable47/48€1.33M€1.40M▲
Income statement
Code20242025
Non-recurring operating income76A€0€20k▲
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€218k▲
Other operating charges640/8€2k€5k▲
Non-recurring operating charges66A€34k€681▼
Gross operating margin9900€193k€285k▲
Operating profit (loss)9901€57k€60k▲
Financial income75/76B€11k€7k▼
Recurring financial income75€11k€7k▼
Financial charges65/66B€13k€23k▲
Recurring financial charges65€13k€23k▲
Profit (loss) for the period before taxes9903€55k€43k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€48k€39k▼
Profit (loss) for the period to be appropriated9905€48k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€39k▼
Transfer to equity691/2€48k€39k▼
To other reserves6921€48k€39k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (22 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €54k
Net result €54k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-26k ▼1733%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Pittem · 2 establishment units since 2002
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.
Egemveldweg 98740 PittemGround area
4.2 ha
Building footprint
210 m²
Volume, LiDAR
1,060 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Egemveldweg 9, 8740 Pittem
since 20022.115.524.171
Egemveldweg 7, 8740 Pittem
since 20252.371.026.527
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37003B0162/00A000 | Flanders | 3.5 ha | - | - |
| 37003B0069/00L000 | Flanders | 7,045 m² | 1 · 210 m² | 7.3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 158 EUR awarded · 158 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 158 EUR | 158 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 sitePittem2.115.524.171
Similar companies · same sector, comparable size
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BE 0443.755.895
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COMPOSTAGE PARMENTIER
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Landbouwwerken Hoerens
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Zottegem · Eq €454k
DEPRIESTER ALGEMENE ONDERNEMINGEN
BE 0437.976.081
Kluisbergen · Eq €454k
Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,056 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2001
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.