MARULA
ActiveSummary
MARULA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341,772 and a net result of €118,249. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 13484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-40
Solvency100▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 4.61 against 1.22 in 2024; short-term debt: 8.5% and cash: 32.5% of total assets), and 8.5% of the assets are financed with debt.
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Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
91.5%
Return on assets
31.7%
Age of the figures
9 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
7 d early
2022
1 d late
2021
33 d early
2020
5 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by equity in Wuustwezel, Accommodation and food service sector#9 company by total assets in Wuustwezel, Accommodation and food service sector
Equity
€341,772▲ 35.9%
2024 · €251,439
Total assets
€373,509▲ 2.5%
2024 · €364,360
Net result
€118,249▲ 94.9%
2024 · €60,685
Working capital
€114,542▲ 371%
2024 · €24,296
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
Line20212022202320242025
Operating result€13,055▲ 266%€4,343▼ 66.7%€75,027▲ 1,627%€83,748▲ 11.6%-€29,260
Net result€3,418-€1,530€59,673€60,685▲ 1.7%€118,249▲ 94.9%
Equity€132,611▲ 2.6%€131,081▼ 1.2%€190,753▲ 45.5%€251,439▲ 31.8%€341,772▲ 35.9%
Total assets€211,663▼ 4.2%€197,293▼ 6.8%€239,106▲ 21.2%€364,360▲ 52.4%€373,509▲ 2.5%
Debt€79,052▼ 13.9%€66,213▼ 16.2%€48,353▼ 27.0%€112,922▲ 134%€31,737▼ 71.9%
Working capital-€13,524▲ 8.9%-€17,769▼ 31.4%-€1,868▲ 89.5%€24,296€114,542▲ 371%
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 turns negative in 2025: a loss of €29,260 after €83,748 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €373,509
Fixed assets
€227,230 =
Current assets
€146,279 ▲ 6.6%
Equity and liabilities €373,509
Equity
€341,772 ▲ 35.9%
Debt
€31,737 ▼ 71.9%
Debt's share of the balance-sheet total falls from 31.0% to 8.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€17,113▼
2024 · €93,467
Cash flow
€130,396▲
2024 · €70,405
Current ratio
4.61▲
2024 · 1.22
Debt to equity
0.09▼
2024 · 0.45
ROE
34.6%▲
2024 · 24.1%
ROA
31.7%▲
2024 · 16.7%
Interest coverage
-11.27▼
2024 · 122.07
Debt ≤ 1 year
€31,737▼
2024 · €112,922
Income taxes
€12,373▼
2024 · €22,297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,643 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,907 | €12,029 | €9,514 | €9,720 | €12,147 | ▲ 25.0% |
| Other operating charges640/8 | €1,902 | €2,343 | €2,294 | €2,238 | €2,310 | ▲ 3.2% |
| Gross operating margin9900 | €26,863 | €18,715 | €86,835 | €95,705 | -€14,803 | ▼ 115% |
| Operating profit (loss)9901 | €13,055 | €4,343 | €75,027 | €83,748 | -€29,260 | ▼ 135% |
| Financial income75/76B | €3 | - | - | €0 | €161,399 | ▲ 1,613,993,300% |
| Recurring financial income75 | €3 | - | - | €0 | €161,399 | ▲ 1,613,993,300% |
| Financial charges65/66B | €5,688 | €3,677 | -€8,233 | €766 | €1,518 | ▲ 98.3% |
| Recurring financial charges65 | €4,839 | €3,677 | -€8,233 | €766 | €1,518 | ▲ 98.3% |
| Non-recurring financial charges66B | €850 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €7,369 | €666 | €83,260 | €82,982 | €130,621 | ▲ 57.4% |
| Income taxes67/77 | €3,951 | €2,196 | €23,587 | €22,297 | €12,373 | ▼ 44.5% |
| Profit (loss) for the period9904 | €3,418 | -€1,530 | €59,673 | €60,685 | €118,249 | ▲ 94.9% |
| Profit (loss) for the period to be appropriated9905 | €3,418 | -€1,530 | €59,673 | €60,685 | €118,249 | ▲ 94.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,663 | €197,293 | €239,106 | €364,360 | €373,509 | ▲ 2.5% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €189,118 | €177,089 | €193,674 | €227,142 | €227,230 | = |
| Tangible fixed assets22/27 | €163,163 | €151,134 | €142,718 | €139,394 | €139,482 | ▲ 0.1% |
| Land and buildings22 | €155,318 | €147,247 | €139,176 | €131,105 | €123,034 | ▼ 6.2% |
| Furniture and vehicles24 | €2,210 | €0 | €1,098 | €7,288 | €16,448 | ▲ 126% |
| Leasing and similar rights25 | €4,841 | €3,327 | €2,116 | €906 | - | - |
| Other tangible fixed assets26 | €793 | €560 | €328 | €95 | €0 | ▼ 100% |
| Financial fixed assets28 | €25,955 | €25,955 | €50,956 | €87,749 | €87,749 | = |
| Current assets29/58 | €22,545 | €20,204 | €45,432 | €137,218 | €146,279 | ▲ 6.6% |
| Amounts receivable within one year40/41 | €12,078 | €17,393 | €11,992 | €25,913 | €22,305 | ▼ 13.9% |
| Trade receivables40 | €242 | €242 | €242 | €18,392 | €242 | ▼ 98.7% |
| Other amounts receivable41 | €11,836 | €17,151 | €11,750 | €7,521 | €22,063 | ▲ 193% |
| Cash at bank and in hand54/58 | €5,292 | €0 | €30,870 | €110,871 | €121,254 | ▲ 9.4% |
| Deferred charges and accrued income490/1 | €5,175 | €2,811 | €2,570 | €434 | €2,720 | ▲ 527% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,663 | €197,293 | €239,106 | €364,360 | €373,509 | ▲ 2.5% |
| Equity10/15 | €132,611 | €131,081 | €190,753 | €251,439 | €341,772 | ▲ 35.9% |
| Contributions10/11 | €38,923 | €38,923 | €38,923 | €38,923 | €38,923 | = |
| Capital10 | €38,923 | - | - | - | - | - |
| Issued capital100 | €63,723 | - | - | - | - | - |
| Uncalled capital101 | €24,800 | - | - | - | - | - |
| Reserves13 | €31,720 | €31,720 | €81,720 | €212,515 | €302,848 | ▲ 42.5% |
| Non-distributable reserves130/1 | €3,720 | €3,720 | €3,720 | €3,720 | €3,720 | = |
| Legal reserve130 | €3,720 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €3,720 | €3,720 | €3,720 | €3,720 | = |
| Distributable reserves133 | €28,000 | €28,000 | €78,000 | €208,795 | €299,128 | ▲ 43.3% |
| Profit (loss) carried forward14 | €61,967 | €60,437 | €70,110 | - | - | - |
| Amounts payable17/49 | €79,052 | €66,213 | €48,353 | €112,922 | €31,737 | ▼ 71.9% |
| Amounts payable after more than one year17 | €42,983 | €28,239 | €1,053 | - | - | - |
| Financial debts170/4 | €42,983 | €28,239 | €1,053 | - | - | - |
| Amounts payable within one year42/48 | €36,069 | €37,973 | €47,300 | €112,922 | €31,737 | ▼ 71.9% |
| Current portion of amounts payable after more than one year42 | €16,303 | €16,303 | €16,303 | €1,053 | €351 | ▼ 66.7% |
| Financial debts43 | - | €659 | - | - | - | - |
| Credit institutions430/8 | - | €659 | - | - | - | - |
| Trade debts44 | €5,533 | €4,084 | €4,143 | €14,960 | €29,014 | ▲ 93.9% |
| Suppliers440/4 | €5,533 | €4,084 | €4,143 | €14,960 | €29,014 | ▲ 93.9% |
| Taxes, remuneration and social security45 | €6,732 | €9,427 | €26,853 | €21,909 | €2,373 | ▼ 89.2% |
| Taxes450/3 | €6,732 | €5,627 | €26,853 | €21,909 | €2,373 | ▼ 89.2% |
| Remuneration and social security454/9 | - | €3,800 | - | - | - | - |
| Other amounts payable47/48 | €7,500 | €7,500 | - | €75,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,418 | -€1,530 | €59,673 | €60,685 | €118,249 | ▲ 94.9% |
| + Depreciation and write-downs630 | €11,907 | €12,029 | €9,514 | €9,720 | €12,147 | ▲ 25.0% |
| Operating cash flow (approximation) | €15,324 | €10,499 | €69,187 | €70,405 | €130,396 | ▲ 85.2% |
| Investment in fixed assets (approximation) | - | €0 | -€26,099 | -€43,188 | -€12,235 | ▲ 71.7% |
| Change in cash | - | -€5,292 | €30,870 | €80,001 | €10,382 | ▼ 87.0% |
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €118,249 ▲94.9%
Net result €118,249, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 4.61
Current ratio from 1.22 to 4.61; short-term debt falls from €112,922 to €31,737.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €251,439 ▲31.8%
2 profitable years in a row build equity to €251,439.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €59,673
Net result €59,673 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €190,753 ▲45.5%
Equity rises from €131,081 to €190,753.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,418
Net result €3,418 after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€18,138
Net result drops to -€18,138, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Wuustwezel · 1 establishment unit since 2009
Ground area
1,428 m²
Building footprint
143 m²
Volume, LiDAR
716 m³
Parcel 11682G0349/00L000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MARULA
since 20092.189.578.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11682G0349/00L000 | Flanders | 1,428 m² | 1 · 143 m² | 7.8 m · 2 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.
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,494 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.