MARSGARPINE
ActiveMARSGARPINE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €-3k. Equity is shrinking by ~2.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency67=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.32 in 2024), and 25.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.3%
Return on assets
-1.4%
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2022
70 d early
2021
69 d early
2020
2 d early
2019
1 d early
2018
on the day
← before the deadline
after the deadline →
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 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€156k▼ 1.8%
2024 · €159k
2019: €187k
2020: €186k
2021: €176k
2022: €179k
2024: €159k
2019 → 2025
Total assets
€210k▼ 0.6%
2024 · €212k
2019: €246k
2020: €245k
2021: €226k
2022: €230k
2024: €212k
2019 → 2025
Net result
€-3k▲ 39.6%
2024 · €-5k
2019: €-4k
2020: €-54
2021: €-10k
2022: €3k
2024: €-5k
2019 → 2025
Working capital
€-35k▲ 0.8%
2024 · €-36k
2019: €-40k
2020: €-33k
2021: €-36k
2022: €-27k
2024: €-36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€186k-€176k▼ 5.4%€179k▲ 1.5%€159k▼ 11.1%€156k▼ 1.8%
Operating result€993-€-9k€3k€-4k€-2k▲ 54.7%
Net result€-54-€-10k▼ 18,673%€3k€-5k€-3k▲ 39.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210k
Fixed assets
€192k▼ 1.7%
Current assets
€19k▲ 11.0%
Equity and liabilities €210k
Equity
€156k▼ 1.8%
Debt
€54k▲ 3.0%
The debt ratio rises from 24.8% to 25.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1k▲
2024 · €1k
Cash flow
€288▼
2024 · €714
Solvency
74.3%▼
2024 · 75.2%
Current ratio
0.35▲
2024 · 0.32
Quick ratio
0.35▲
2024 · 0.32
Debt / equity
0.35▲
2024 · 0.33
ROE
-1.9%▲
2024 · -3.0%
ROA
-1.4%▲
2024 · -2.3%
Interest coverage
0.62▼
2024 · 0.90
Debt
€54k▲
2024 · €53k
Debt ≤ 1 year
€54k▲
2024 · €53k
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€212k€210k▼
Fixed assets21/28€195k€192k▼
Tangible fixed assets22/27€195k€192k▼
Land and buildings22€195k€192k▼
Current assets29/58€17k€19k▲
Amounts receivable within one year40/41€17k€19k▲
Other amounts receivable41€17k€19k▲
Cash at bank and in hand54/58€82€63▼
Equity and liabilities
Total equity and liabilities10/49€212k€210k▼
Equity10/15€159k€156k▼
Contributions10/11€192k€192k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-36k€-39k▼
Amounts payable17/49€53k€54k▲
Amounts payable within one year42/48€53k€54k▲
Other amounts payable47/48€53k€54k▲
Income statement
Code20242025
Non-recurring operating income76A€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Gross operating margin9900€1k€1k▲
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B€844€1k▲
Recurring financial income75€844€1k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-5k€-3k▲
Profit (loss) for the period9904€-5k€-3k▲
Profit (loss) for the period to be appropriated9905€-5k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-39k▼
Profit (loss) brought forward from the previous period14P€-31k€-36k▼
The notes to these accounts (4 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
30-03
State Gazette act
Statutes amendment · Resignations & appointmentsGeneral meeting · Statutes amendment · Director reappointment5 facts ▸
State Gazette act
Statutes amendment · Resignations & appointments
General meeting · Statutes amendment · Director reappointment5 facts ▸
- General meeting, 25/02/2026
- Statutes amendment
- Director reappointment, SERESIA Marijke Ireen Petra (bestuurder)
- Director appointment, PEETERS Guido Daniel Clotilde (bestuurder)
- Power of attorney, bestuursorgaan
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
PEETERS Guido, Daniel, Clotilde
CurrentDirector · since 25-02-2026
SERESIA Marijke Ireen Petra
CurrentDirector
25-02-2026
PEETERS Guido, Daniel, Clotilde: Appointed as Director
04-11-2019
SERESIA Marijke Ireen Petra: Resigned as Director
04-11-2019
PEETERS Sara: Resigned as Director
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2019
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.
De Kluis 42970 SchildeGround area
3,550 m²
Building footprint
365 m²
Volume, LiDAR
2,470 m³
Parcel 11041B0457/00C000, Flanders · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARSGARPINE
since 20192.286.104.809
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0457/00C000 | Flanders | 3,549 m² | 1 · 365 m² | 16.8 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.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
viaPEETERS Guido, Daniel, Clotilde · Non-statutory director
→
viaPEETERS Guido, Daniel, Clotilde · Director
former→
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-1988
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:marijkeseresia@gmail.com