MARUANI
ActiveMARUANI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.50M and a net result of €-150k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-8
Solvency93▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 6.87 against 5.95 in 2024), but 52.2% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
47.8%
Return on assets
-1.6%
Age of the figures
8 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 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
17 d late
2023
34 d early
2022
41 d early
2021
30 d late
2020
24 d late
2019
8 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.50M▼ 3.2%
2024 · €4.65M
2018: €2.24M
2019: €2.76M
2020: €2.77M
2021: €3.30M
2022: €4.33M
2023: €4.57M
2024: €4.65M
2018 → 2025
Total assets
€9.40M▼ 6.5%
2024 · €10.06M
2018: €4.41M
2019: €5.00M
2020: €7.79M
2021: €7.86M
2022: €8.58M
2023: €8.63M
2024: €10.06M
2018 → 2025
Net result
€-150k
2024 · €76k
2018: €604k
2019: €520k
2020: €6k
2021: €534k
2022: €1.02M
2023: €414k
2024: €76k
2018 → 2025
Working capital
€4.39M▼ 8.4%
2024 · €4.80M
2018: €2.81M
2019: €3.45M
2020: €2.27M
2021: €2.69M
2022: €3.99M
2023: €4.09M
2024: €4.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.30M-€4.33M▲ 31.0%€4.57M▲ 5.6%€4.65M▲ 1.7%€4.50M▼ 3.2%
Operating result€849k-€1.48M▲ 74.8%€722k▼ 51.3%€349k▼ 51.6%€-21k
Net result€534k-€1.02M▲ 91.5%€414k▼ 59.5%€76k▼ 81.7%€-150k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €349k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.40M
Fixed assets
€4.26M▼ 0.8%
Current assets
€5.14M▼ 10.8%
Equity and liabilities €9.40M
Equity
€4.50M▼ 3.2%
Debt
€4.90M▼ 9.4%
The debt ratio falls from 53.8% to 52.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€141k▼
2024 · €507k
Cash flow
€13k▼
2024 · €233k
Solvency
47.8%▲
2024 · 46.2%
Current ratio
6.87▲
2024 · 5.95
Quick ratio
4.99▲
2024 · 4.35
Debt / equity
1.09▼
2024 · 1.17
ROE
-3.3%▼
2024 · 1.6%
ROA
-1.6%▼
2024 · 0.8%
Interest coverage
1.07▼
2024 · 2.03
Debt
€4.90M▼
2024 · €5.41M
Debt ≤ 1 year
€749k▼
2024 · €970k
Debt > 1 year
€4.04M▼
2024 · €4.28M
Income taxes
€414▼
2024 · €26k
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€10.06M€9.40M▼
Fixed assets21/28€4.29M€4.26M▼
Tangible fixed assets22/27€4.29M€4.26M▼
Land and buildings22€4.12M€4.11M▼
Plant, machinery and equipment23€9k€11k▲
Furniture and vehicles24€155k€133k▼
Assets under construction and advance payments27€2k-
Current assets29/58€5.77M€5.14M▼
Stocks and contracts in progress3€1.55M€1.40M▼
Stocks30/36€1.55M€1.40M▼
Amounts receivable within one year40/41€2.61M€2.23M▼
Trade receivables40€2.54M€2.23M▼
Other amounts receivable41€64k€5k▼
Cash at bank and in hand54/58€1.60M€1.48M▼
Deferred charges and accrued income490/1€9k€26k▲
Equity and liabilities
Total equity and liabilities10/49€10.06M€9.40M▼
Equity10/15€4.65M€4.50M▼
Contributions10/11€50k€50k=
Reserves13€4.51M€4.51M=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€4.50M€4.50M=
Profit (loss) carried forward14€91k€-59k▼
Amounts payable17/49€5.41M€4.90M▼
Amounts payable after more than one year17€4.28M€4.04M▼
Financial debts170/4€2.43M€2.19M▼
Other amounts payable178/9€1.85M€1.85M=
Amounts payable within one year42/48€970k€749k▼
Current portion of amounts payable after more than one year42€813k€726k▼
Trade debts44€2k€14k▲
Suppliers440/4€2k€14k▲
Taxes, remuneration and social security45€149k€5k▼
Taxes450/3€149k€5k▼
Remuneration and social security454/9€114€118▲
Other amounts payable47/48€6k€3k▼
Accrued charges and deferred income492/3€166k€120k▼
Income statement
Code20242025
Non-recurring operating income76A€6k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€158k€162k▲
Other operating charges640/8€8k€15k▲
Gross operating margin9900€515k€156k▼
Operating profit (loss)9901€349k€-21k▼
Financial income75/76B€2k€13k▲
Recurring financial income75€2k€13k▲
Financial charges65/66B€249k€140k▼
Recurring financial charges65€249k€132k▼
Non-recurring financial charges66B-€9k
Profit (loss) for the period before taxes9903€101k€-149k▼
Income taxes67/77€26k€414▼
Profit (loss) for the period9904€76k€-150k▼
Profit (loss) for the period to be appropriated9905€76k€-150k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.43M€-59k▼
Profit (loss) brought forward from the previous period14P€2.36M€91k▼
Transfer to equity691/2€2.34M-
To other reserves6921€2.34M-
The notes to these accounts (14 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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-150k ▼298%
Net result drops to €-150k, the lowest in the series.
17-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 17 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.02M ▲91.5%
Operating result €1.48M, net result €1.02M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 8.47
Current ratio from 3.29 to 8.47; short-term debt falls from €1.18M to €535k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 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
1 director, no change since 2025
Maruani Chiara
CurrentDirector · since 16-07-2025
16-07-2025
Appointed as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 2 establishment units since 2018
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.
Magere Schorre 358300 Knokke-HeistGround area
1,127 m²
Building footprint
656 m²
Volume, LiDAR
15,998 m³
2 parcels, Brussels, Flanders · tallest building 37.5 m, ±12 floors. Linked by address, not a title deed.
2 establishment units
Maruani
since 20182.279.455.458
Maruani
since 20192.289.724.293
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0713/00H000 | Flanders | 642 m² | 1 · 183 m² | 8.7 m · 2 fl. |
| 21807G0218/00Y017 | Brussels | 484 m² | 1 · 473 m² | 37.5 m · 12 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
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Similar companies · same sector, comparable size
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ICTIVA
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LAMARIS GROUP
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Of 1,276 companies in sector 47690 we hold annual accounts for 419. 81 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-12-2004
Fiscal year end31-12
Activities, NACEBEL
47690Retail sale of other cultural and recreation goods
47787Retail trade
52498
70100Activities of head offices
82990Other business support services
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
92313
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.