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MARUPECHE

Active1 interim measure
Public limited companyfounded 200520 yrs activeBaron Ruzettelaan 1, 8310 Brugge, BelgiumKBO/BCE: BE 0876.581.872
Summary

The file of MARUPECHE contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 4.3% (elevated). The 2025 annual accounts show negative equity (€-126k) and a net result of €-144. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8048 sector peers (fiscal year 2025).

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record80
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2025
Age of the figures
Age of the figures
15 mo
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Interim administrator appointed
A court appointed an interim administrator, which usually happens once continuity is already under threat.
Belgian State Gazette
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year €-126k
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-07-2026, 156 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
156 d late
2024
521 d late
2023
887 d late
2022
1252 d late
2021
1617 d late
2020
1982 d late
2019
2348 d late
← before the deadline after the deadline →
Checked, nothing found (2)
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 months
Position in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 October 2005, MARUPECHE was incorporated.1 Total assets went from EUR 1 million in 2019 to EUR 308,236 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2025, abbreviated schema

Equity
€-126k▼ 0.1%
2024 · €-126k
Total assets
€37▼ 100.0%
2024 · €308k
Net result
€-144▲ 99.9%
2024 · €-113k
Working capital
€-126k▼ 0.1%
2024 · €-126k
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€-1k▲ 99.9%€382€432▲ 13.0%€-113k€0
Net result€-1k▲ 99.9%€305€-7k€-113k▼ 1,549%€-144▲ 99.9%
Equity€-7k▼ 23.4%€-6k▲ 4.6%€-13k▼ 109%€-126k▼ 861%€-126k▼ 0.1%
Total assets€2k▼ 4.8%€2k▲ 16.7%€37▼ 98.0%€308k▲ 823,841%€37▼ 100.0%
Debt€8k▲ 16.7%€8k▼ 0.5%€13k▲ 62.2%€434k▲ 3,198%€126k▼ 70.9%
Working capital€-7k▼ 165%€-6k▲ 4.6%€-13k▼ 109%€-126k▼ 861%€-126k▼ 0.1%
Staff (FTE)00000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-150k€-100k€-50k€0Operating result 2021: €-1k€-1kNet result 2021: €-1k€-1kOperating result 2022: €382€382Net result 2022: €305€305Operating result 2023: €432€432Net result 2023: €-7k€-7kOperating result 2024: €-113k€-113kNet result 2024: €-113k€-113kOperating result 2025: €0€0Net result 2025: €-144€-14420212022202320242025€-150k€-100k€-50k€0Operating result 2023: €432€432Net result 2023: €-7k€-6.9kOperating result 2024: €-113k€-113kNet result 2024: €-113k€-113kOperating result 2025: €0€0Net result 2025: €-144€-144202320242025
The operating result is zero in 2025, compared with €-113k in 2024.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€126k▼
2024 · €434k
Ratios withheld: a balance sheet total of €37 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€308k€37▼
Current assets29/58€308k€37▼
Amounts receivable within one year40/41€301k€37▼
Trade receivables40€301k€0▼
Other amounts receivable41€37€37=
Deferred charges and accrued income490/1€7k€0▼
Equity and liabilities
Total equity and liabilities10/49€308k€37▼
Equity10/15€-126k€-126k▼
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Reserves13€42k€42k=
Non-distributable reserves130/1€42k€42k=
Legal reserve130€42k€42k=
Profit (loss) carried forward14€-1.17M€-1.17M=
Amounts payable17/49€434k€126k▼
Amounts payable within one year42/48€434k€126k▼
Financial debts43€0€18▲
Credit institutions430/8€0€18▲
Trade debts44€311k€3k▼
Suppliers440/4€311k€3k▼
Taxes, remuneration and social security45€118k€118k=
Taxes450/3€118k€118k=
Other amounts payable47/48€5k€5k▲
Income statement Code20242025
Other operating charges640/8€119k€0▼
Gross operating margin9900€7k€0▼
Operating profit (loss)9901€-113k€0▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€493€144▼
Recurring financial charges65€493€144▼
Profit (loss) for the period before taxes9903€-113k€-144▲
Income taxes67/77€0-
Profit (loss) for the period9904€-113k€-144▲
Profit (loss) for the period to be appropriated9905€-113k€-144▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.17M€-1.17M=
Profit (loss) brought forward from the previous period14P€-1.06M€-1.17M▼
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€285€0----
Other operating charges640/8€1k€111€868€119k€0▼ 100%
Gross operating margin9900€-195€493€1k€7k€0▼ 100%
Operating profit (loss)9901€-1k€382€432€-113k€0▲ 100%
Financial income75/76B-€60€42€0--
Recurring financial income75-€60€42€0--
Financial charges65/66B€78€136€420€493€144▼ 70.8%
Recurring financial charges65€78€136€420€493€144▼ 70.8%
Profit (loss) for the period before taxes9903€-1k€305€54€-113k€-144▲ 99.9%
Income taxes67/77€-29€0€7k€0--
Profit (loss) for the period9904€-1k€305€-7k€-113k€-144▲ 99.9%
Profit (loss) for the period to be appropriated9905€-1k€305€-7k€-113k€-144▲ 99.9%
Line20212022202320242025Change
Assets
Total assets20/58€2k€2k€37€308k€37▼ 100.0%
Current assets29/58€2k€2k€37€308k€37▼ 100.0%
Amounts receivable within one year40/41€1k€1k€37€301k€37▼ 100.0%
Trade receivables40€1k€1k€0€301k€0▼ 100%
Other amounts receivable41€8€25€37€37€37=
Cash at bank and in hand54/58€143€390€0---
Deferred charges and accrued income490/1---€7k€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€2k€2k€37€308k€37▼ 100.0%
Equity10/15€-7k€-6k€-13k€-126k€-126k▼ 0.1%
Contributions10/11€1.00M€1.00M€1.00M€1.00M€1.00M=
Capital10€1.00M€1.00M€1.00M€1.00M€1.00M=
Issued capital100€1.00M€1.00M€1.00M€1.00M€1.00M=
Reserves13€42k€42k€42k€42k€42k=
Non-distributable reserves130/1€42k€42k€42k€42k€42k=
Legal reserve130€42k€42k€42k€42k€42k=
Profit (loss) carried forward14€-1.05M€-1.05M€-1.06M€-1.17M€-1.17M=
Amounts payable17/49€8k€8k€13k€434k€126k▼ 70.9%
Amounts payable within one year42/48€8k€8k€13k€434k€126k▼ 70.9%
Financial debts43--€19€0€18▲ 4,392%
Credit institutions430/8--€19€0€18▲ 4,392%
Trade debts44€6k€6k€6k€311k€3k▼ 99.0%
Suppliers440/4€6k€6k€6k€311k€3k▼ 99.0%
Taxes, remuneration and social security45€0-€7k€118k€118k=
Taxes450/3€0-€7k€118k€118k=
Other amounts payable47/48€2k€2k€0€5k€5k▲ 2.7%
Accrued charges and deferred income492/3€0-----
Line20212022202320242025Change
Profit (loss) for the period9904€-1k€305€-7k€-113k€-144▲ 99.9%
Operating cash flow (approximation)€-1k€305€-7k€-113k€-144▲ 99.9%
Change in cash-€247€-390---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 156 days late
06-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 521 days late
06-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 887 days late
06-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 1252 days late
06-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 1617 days late
06-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 1982 days late
06-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 2348 days late
07-04
Interim measure Provisional administrator
Ondernemingsrechtbank Gent
2022
30-06
Financial Back to profitnet €305
Net result €305 after 3 loss-making years.
2020
30-06
Financial Weakest financial yearnet €-831k
Net result drops to €-831k, the lowest in the series; recovery starts the following year.
2019
28-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 117 days late
2018
27-04
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 86 days late
2017
28-04
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 87 days late
SignalFinancial 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, Brugge · 1 establishment unit since 2005
seat establishment The establishment unit on the map
Ground area
6,856 m²
Building footprint
2,547 m²
Volume, LiDAR
35,399 m³
Parcel 31434C0037/00L007, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
Marupeche
Baron Ruzettelaan 5, 8310 BruggeNACE 51170
since 20052.149.917.601
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31434C0037/00L007 Flanders 6,856 m² 1 · 2,547 m² 18.2 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.

Similar companies · same sector, comparable size

Of 223 companies in sector 46391 we hold annual accounts for 139. 93 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded10-10-2005
Fiscal year end30-06
Activities, NACEBEL 2025
46391Wholesale trade
46392Non-specialised wholesale
64210Activities of holding companies

Scores and ratios are computed by Checked and are not a credit decision.