Equity
€452,632 ▲ 9.5%
MARREEL has made a profit without a break since 2023.
MARREEL
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €284,643 (2025)
€284,643▲ 47.4%
lowest -€25,828 (2022)
€39,320▼ 18.4%
peak €452,632 (2025)
€452,632▲ 9.5%
€2.7m▲ 33.2%
peak 0.1 FTE (2022)
0 FTE
Board3 names since 2010
2 directorsMARREEL Nic Cyriel and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €193,125 to €284,643Changes of role: MARREEL Nic Cyriel (statutory director) and… 09-04Debts from €2.0m to €2.7m1 establishment registeredInvestments €782,747Cash from €144,081 to €345,670
Key points
from the 2025 annual accountsTurnover
≈ €710,000 estimated
The abbreviated format states no turnover.
Debts
€2.7m 86% of the balance sheet
Financial debts 34%Suppliers 6%Taxes and wages 0%Other 59%
Of this, €1.8m falls due within a year.
Investments
€788,927 3.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 187.3% higher than in 2024.
Filings
24 annual accounts since 2002
Eight of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
Position in the sector
14.4%
Lower solvency than 81% of companies in crop and animal production. Sector median 40.7% · 2,076 companies.
Checked score
92
Excellent
Financially stronger than 36% of small companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 911 companies (NACE 01, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025highest value
10-2025: < 0.1%▼ -0.3 percentage points vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €452,632 (14.4% of total assets)
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €3.1m
Figures for financial year 2025 (filed on 01-09-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, small). It does better than 19% of them on solvency, 23% on liquidity, 45% on profitability and 55% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as MARREEL has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of MARREEL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for MARREEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.58 (0.57 in 2024), below 1. Short-term debt is 56.3% and cash 11% of total assets. 85.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2076 sector peers (2025).
NBB · sector comparisonPosition among 2076 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
30 days late
2023
29 days late
2022
3 days early
2021
30 days late
2020
29 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Het reliëf van de bodem aanmerkelijk wijzigen · Wingene
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474591108
Changes of role: MARREEL Nic Cyriel (statutory director) and MARREEL Nickel Robert (statutory director)
Director discharge: MARREEL Nic Cyriel · Director discharge: MARREEL Nickel Robert · Gazette deed
New establishment in Pittem
Egemveldweg 7
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MARREEL Pittem | €3.1m | €284,643 | 14.4% | 0 |
| POLIEN Middelkerke | €2.2m | €552,594 | 42.3% | 0 |
| LOONSPROEIER DE KIMPE Torhout | €2.2m | €642,024 | 22.7% | 0 |
| PERSYN-VANDEVELDE WIM Houthulst | €2.0m | €700,269 | 58.7% | 0 |
| LOONWERKEN QUINTYN Wingene | €1.8m | €680,927 | 50.3% | 0 |
| GEERARDYN FARM PRODUCTS Alveringem | €2.9m | €387,456 | 16.4% | 0.8 |
| BIOFRUTA Ghent | €2.6m | €281,671 | 64.0% | 0 |
These companies have the same main activity as MARREEL: support activities for crop production (NACE 01610). They are comparable in size and age: total assets between €1.8m and €2.9m, founded between 1991 and 2012.
Official details
Source: KBO- Status
- Active since 24-04-2001Normal situation
- Activity
- Support activities for crop productionNACE 01610and 3 others
- Joint committee
- 132Technical farming and horticulture work · annual accounts 2025
- Establishment units
- 2.115.524.1718740 Pittem, since 02-09-2002
- 2.371.026.5278740 Pittem, since 01-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 19-01-2026
Insights on MARREEL
MARREEL files the abbreviated format. That format states no turnover. The gross margin rose from €28,644 in 2006 to €284,643 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MARREEL
- What is the company number of MARREEL?
- The company number of MARREEL is 0474.591.108. The VAT number is the same number with BE in front: BE 0474.591.108.
- Where is MARREEL based?
- The registered office is at Egemveldweg 9, 8740 Pittem.Company details
- What does MARREEL do?
- According to the KBO register, the main activity is support activities for crop production (NACE 01610).
- What is the legal form of MARREEL?
- MARREEL is a private limited company (BV).
- When was MARREEL founded?
- MARREEL was founded on 24-04-2001.
- Is MARREEL still active?
- Yes, MARREEL is an active enterprise in the KBO register.
- How many employees does MARREEL have?
- MARREEL had an average of 0.1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does MARREEL fall under?
- In its 2025 annual accounts, MARREEL states joint committee 132 (Technical farming and horticulture work).
- What is the turnover of MARREEL?
- The turnover in financial year 2025 is ≈ €710,000. This figure is estimated from the gross margin of €284,643 and 39 comparable companies (NACE 01). It probably lies between €530,000 and €860,000.
- Is MARREEL profitable?
- In financial year 2025, MARREEL made a profit of €39,320.
- Where can I find the annual accounts of MARREEL?
- MARREEL filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARREEL due?
- MARREEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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