MARUBI
Bankruptcy closedInactive since 03-06-2026; last annual accounts for fiscal year 2022.
Summary
MARUBI was declared bankrupt on 17-01-2025 (Ondernemingsrechtbank Gent, afdeling Ieper); the bankruptcy was closed for insufficient assets by judgment of 02-06-2026, published in the Belgian State Gazette on 09-06-2026.
Signals
Two signals.
+raises risk○neutral
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
-€20,788
2021 · €64,031
Total assets
€236,445▲ 17.1%
2021 · €201,877
Net result
-€84,819
2021 · €35,727
Working capital
-€34,662
2021 · €65,108
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€13,134--€22,313▼ 69.9%€14,032€41,469▲ 196%-€69,841
Net result-€21,117--€27,399▼ 29.7%€6,893€35,727▲ 418%-€84,819
Equity€48,810-€21,411▼ 56.1%€28,304▲ 32.2%€64,031▲ 126%-€20,788
Total assets€246,622-€178,205▼ 27.7%€153,849▼ 13.7%€201,877▲ 31.2%€236,445▲ 17.1%
Debt€197,813-€156,794▼ 20.7%€125,545▼ 19.9%€137,845▲ 9.8%€257,233▲ 86.6%
Working capital€44,224-€7,881▼ 82.2%€12,173▲ 54.5%€65,108▲ 435%-€34,662
Staff (FTE)11-12.4▲ 12.7%5▼ 59.7%5.7▲ 14.0%11.3▲ 98.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2020 Staff (FTE) -60% on 2019. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €69,841 after €41,469 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €236,445
Fixed assets
€62,474 ▲ 116%
Current assets
€173,971 ▲ 0.6%
Key figures and ratios
EBITDA
-€63,382▼
2021 · €44,505
Cash flow
-€78,360▼
2021 · €38,763
Solvency
-8.8%▼
2021 · 31.7%
Current ratio
0.83▼
2021 · 1.60
Quick ratio
0.78▼
2021 · 1.49
Debt to equity
-12.37▼
2021 · 2.15
ROA
-35.9%▼
2021 · 17.7%
Interest coverage
-4.23▼
2021 · 7.75
Debt ≤ 1 year
€208,634▲
2021 · €107,880
Debt > 1 year
€48,599▲
2021 · €29,965
Staff costs
€105,603▲
2021 · €69,008
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €69,008 | €105,603 | ▲ 53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,142 | €3,786 | €2,053 | €3,036 | €6,459 | ▲ 113% |
| Other operating charges640/8 | - | - | - | €1,950 | €5,356 | ▲ 175% |
| Gross operating margin9900 | €99,324 | €112,937 | €99,199 | €115,462 | €47,577 | ▼ 58.8% |
| Operating profit (loss)9901 | -€13,134 | -€22,313 | €14,032 | €41,469 | -€69,841 | ▼ 268% |
| Recurring financial income75 | €3,380 | €4,766 | €73 | - | - | - |
| Financial charges65/66B | - | - | - | €5,742 | €14,978 | ▲ 161% |
| Recurring financial charges65 | €6,702 | €9,852 | €7,212 | €5,742 | €14,978 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | -€16,456 | -€27,399 | €6,893 | €35,727 | -€84,819 | ▼ 337% |
| Income taxes67/77 | €4,661 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€21,117 | -€27,399 | €6,893 | €35,727 | -€84,819 | ▼ 337% |
| Profit (loss) for the period to be appropriated9905 | -€21,117 | -€27,399 | €6,893 | €35,727 | -€84,819 | ▼ 337% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €246,622 | €178,205 | €153,849 | €201,877 | €236,445 | ▲ 17.1% |
| Fixed assets21/28 | €15,085 | €16,449 | €29,524 | €28,888 | €62,474 | ▲ 116% |
| Intangible fixed assets21 | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €3,499 | €4,863 | €17,938 | €17,302 | €50,888 | ▲ 194% |
| Plant, machinery and equipment23 | - | - | - | €6,259 | €9,989 | ▲ 59.6% |
| Furniture and vehicles24 | - | - | - | €11,043 | €12,541 | ▲ 13.6% |
| Other tangible fixed assets26 | - | - | - | - | €28,358 | - |
| Financial fixed assets28 | €11,586 | €11,586 | €11,586 | €11,586 | €11,586 | = |
| Current assets29/58 | €231,537 | €161,756 | €124,324 | €172,988 | €173,971 | ▲ 0.6% |
| Stocks and contracts in progress3 | €14,705 | €12,274 | €12,904 | €11,945 | €11,787 | ▼ 1.3% |
| Stocks30/36 | - | - | - | €11,945 | €11,787 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €98,260 | €66,522 | €81,354 | €77,778 | €127,299 | ▲ 63.7% |
| Trade receivables40 | - | - | - | €7,067 | €39,815 | ▲ 463% |
| Other amounts receivable41 | - | - | - | €70,710 | €87,484 | ▲ 23.7% |
| Cash at bank and in hand54/58 | €118,441 | €79,662 | €22,442 | €77,095 | €33,752 | ▼ 56.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,171 | €1,133 | ▼ 81.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €246,622 | €178,205 | €153,849 | €201,877 | €236,445 | ▲ 17.1% |
| Equity10/15 | €48,810 | €21,411 | €28,304 | €64,031 | -€20,788 | ▼ 132% |
| Contributions10/11 | €87,500 | €87,500 | - | €87,500 | €87,500 | = |
| Reserves13 | €10,115 | €10,115 | €10,115 | €10,115 | €10,115 | = |
| Non-distributable reserves130/1 | - | - | - | €10,115 | €10,115 | = |
| Reserves not available under the articles1311 | - | - | - | €10,115 | €10,115 | = |
| Profit (loss) carried forward14 | -€48,805 | -€76,204 | -€69,311 | -€33,584 | -€118,403 | ▼ 253% |
| Amounts payable17/49 | €197,813 | €156,794 | €125,545 | €137,845 | €257,233 | ▲ 86.6% |
| Amounts payable after more than one year17 | €10,500 | - | €13,393 | €29,965 | €48,599 | ▲ 62.2% |
| Financial debts170/4 | - | - | - | €29,965 | €48,599 | ▲ 62.2% |
| Amounts payable within one year42/48 | €187,313 | €153,875 | €112,152 | €107,880 | €208,634 | ▲ 93.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,428 | €10,137 | ▲ 20.3% |
| Financial debts43 | - | - | - | - | €4,776 | - |
| Credit institutions430/8 | - | - | - | - | €4,776 | - |
| Trade debts44 | €102,808 | €106,222 | €97,248 | €96,318 | €163,081 | ▲ 69.3% |
| Suppliers440/4 | - | - | - | €96,318 | €163,081 | ▲ 69.3% |
| Taxes, remuneration and social security45 | - | - | - | €3,135 | €30,640 | ▲ 877% |
| Taxes450/3 | - | - | - | €51 | €30,640 | ▲ 60,250% |
| Remuneration and social security454/9 | - | - | - | €3,084 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,117 | -€27,399 | €6,893 | €35,727 | -€84,819 | ▼ 337% |
| + Depreciation and write-downs630 | €3,142 | €3,786 | €2,053 | €3,036 | €6,459 | ▲ 113% |
| Operating cash flow (approximation) | -€17,975 | -€23,613 | €8,946 | €38,763 | -€78,360 | ▼ 302% |
| Investment in fixed assets (approximation) | - | -€5,150 | -€15,128 | -€2,400 | -€40,045 | ▼ 1,569% |
| Change in cash | - | -€38,779 | -€57,220 | €54,653 | -€43,343 | ▼ 179% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
09-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Ieper · event 02-06-2026
2025
27-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Ieper · event 17-01-2025
2024
05-02
Judicial reorganisation
Plan approval refused
Ondernemingsrechtbank Gent · event 31-01-2024
2023
11-10
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 06-10-2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
2022
29-09
Financial
Weakest financial yearnet -€84,819
Net result drops to -€84,819, the lowest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 309 days late
2021
29-09
Financial
Highest result since 2018net €35,727 ▲418%
Operating result €41,469, net result €35,727, both a record.
2020
29-09
Financial
Back to profitnet €6,893
Net result €6,893 after 2 loss-making years.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 36 days late
Show earlier events
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
14-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
25-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Ieper
Ground area
114 m²
Building footprint
114 m²
Volume, LiDAR
1,451 m³
Parcel 33011G0060/00C000, Flanders · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33011G0060/00C000 | Flanders | 114 m² | 1 · 114 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEFAAN DE ROUCK NIJVERHEIDSSTRAAT 2,
8900 IEPER |
17-01-2025 → 02-06-2026 |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2006
Fiscal year end29-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885314347
Also
9925:BE0885314347
Registered
19-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.