Gare Maritime

Active

Public limited companyfounded 20188 yrs activePicardstraat 11, 1000 Brussel, BelgiumKBO/BCE: BE 0696.803.359

Summary

Gare Maritime has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60.62M and a net result of €-4.09M. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2024

50 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability25=

Solvency58▲+14

Growth68=

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity short (current ratio 0.1 against 0.17 in 2022; short-term debt: 60.8% and cash: 0.4% of total assets), and 66.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

33.4%

Return on assets

-2.3%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

64 d early

2024

72 d early

2023

76 d early

2022

46 d early

2021

62 d early

2020

12 d late

2019

53 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2024, abbreviated schema

Turnover

€2.60M▲ 137%

2018 · €1.09M

2018: €1.09M

2018 → 2019

EBIT margin

-57.9%▲ 19.4pp

2018 · -77.3%

2018: -77.3%

2018 → 2019

Net result

€-4.09M▲ 12.7%

2022 · €-4.68M

2018: €-2.64M 2019: €-4.88M 2020: €-5.79M 2021: €-7.08M 2022: €-4.68M

2018 → 2024

Working capital

€-98.82M▼ 149%

2022 · €-39.67M

2018: €-62.13M 2019: €-89.32M 2020: €-78.06M 2021: €-28.27M 2022: €-39.67M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222024Trend

Turnover€2.60M-

Equity€2.48M-€-3.30M€39.61M€34.93M▼ 11.8%€60.62M▲ 73.5%

Operating result€-1.50M-€-1.74M▼ 16.0%€-3.28M▼ 88.3%€-1.56M▲ 52.4%€3.32M

Net result€-4.88M-€-5.79M▼ 18.6%€-7.08M▼ 22.4%€-4.68M▲ 33.9%€-4.09M▲ 12.7%

Result per fiscal year

Operating resultNet result

The operating result is €3.32M in 2024, compared with €-1.56M in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €181.33M

93.7%

Fixed assets €169.87M ▼ 2.2%

Current assets €11.46M ▲ 41.2%

Equity and liabilities €181.33M

33.4%

66.6%

Equity €60.62M ▲ 73.5%

Debt €120.71M ▼ 17.8%

Debt's share of the balance-sheet total falls from 80.8% to 66.6%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2022

EBITDA

€8.79M▲

2022 · €3.51M

Cash flow

€1.38M▲

2022 · €398k

Current ratio

0.10▼

2022 · 0.17

Debt to equity

1.99▼

2022 · 4.21

ROE

-6.7%▲

2022 · -13.4%

ROA

-2.3%▲

2022 · -2.6%

Interest coverage

1.13▲

2022 · 1.12

Debt ≤ 1 year

€110.28M▲

2022 · €47.78M

Debt > 1 year

€2.98M▼

2022 · €94.00M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2022 · 53 lines

Balance sheet Code20222024

Assets

Total assets20/58€181.84M€181.33M▼

Fixed assets21/28€173.73M€169.87M▼

Tangible fixed assets22/27€173.73M€169.87M▼

Land and buildings22€172.18M€169.74M▼

Plant, machinery and equipment23-€58k

Furniture and vehicles24€103k€50k▼

Other tangible fixed assets26-€23k

Assets under construction and advance payments27€1.44M-

Current assets29/58€8.11M€11.46M▲

Amounts receivable within one year40/41€1.15M€7.25M▲

Trade receivables40€980k€6.26M▲

Other amounts receivable41€173k€996k▲

Cash at bank and in hand54/58€2.35M€657k▼

Deferred charges and accrued income490/1€4.61M€3.55M▼

Equity and liabilities

Total equity and liabilities10/49€181.84M€181.33M▼

Equity10/15€34.93M€60.62M▲

Contributions10/11€60.00M€64.71M▲

Capital10€60.00M€64.71M▲

Issued capital100€62.50M€67.21M▲

Uncalled capital101€2.50M€2.50M=

Profit (loss) carried forward14€-25.07M€-4.09M▲

Amounts payable17/49€146.91M€120.71M▼

Amounts payable after more than one year17€94.00M€2.98M▼

Financial debts170/4€94.00M-

Other amounts payable178/9-€2.98M

Amounts payable within one year42/48€47.78M€110.28M▲

Current portion of amounts payable after more than one year42€3.00M€91.00M▲

Trade debts44€3.78M€6.50M▲

Suppliers440/4€3.78M€6.50M▲

Advances received on contracts in progress46€84k€84k=

Taxes, remuneration and social security45€457k-

Taxes450/3€457k-

Other amounts payable47/48€40.46M€12.69M▼

Accrued charges and deferred income492/3€5.13M€7.45M▲

Income statement Code20222024

Non-recurring operating income76A-€2.68M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.08M€5.47M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€28k

Other operating charges640/8€269k€3.51M▲

Non-recurring operating charges66A€5k-

Gross operating margin9900€3.79M€12.33M▲

Operating profit (loss)9901€-1.56M€3.32M▲

Financial income75/76B€9k€400k▲

Recurring financial income75€9k€400k▲

Financial charges65/66B€3.13M€7.81M▲

Recurring financial charges65€3.13M€7.81M▲

Profit (loss) for the period before taxes9903€-4.68M€-4.09M▲

Profit (loss) for the period9904€-4.68M€-4.09M▲

Profit (loss) for the period to be appropriated9905€-4.68M€-4.09M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-25.07M€-39.38M▼

Profit (loss) brought forward from the previous period14P€-20.39M€-35.29M▼

Transfer to equity691/2-€4.71M

To contributions691-€4.71M

Shareholders' contribution to the loss794-€40.00M

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

20-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €50MEq €60.62M ▲73.5%

Equity rises from €34.93M to €60.62M.

16-05

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

15-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

30-05

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Weakest financial yearnet €-7.08M

Net result drops to €-7.08M, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €25MEq €39.61M

Equity rises from €-3.30M to €39.61M.

12-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 12 days late

2020

08-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

20-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Brussel · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Picardstraat 111000 Brussel

Ground area

4.4 ha

Building footprint

3.9 ha

Volume, LiDAR

615,702 m³

Parcel 21814P0441/00B000, Brussels · tallest building 34.0 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Gare Maritime

Picardstraat 11, 1000 BrusselConstruction of residential and non-residential buildings

since 20182.330.133.703

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21814P0441/00B000	Brussels	4.4 ha	1 · 3.9 ha	34.0 m · 6 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

Ownership & control

1 parent company

Control over this companyparent company per the LEI register1

ACKERMANS & VAN HAAREN

Antwerpen

controls

Gare MaritimeBE 0696.803.359

Public money · subsidies and aid

European Union, budget

2021 to 2022 · 2 entries · 114,900 EUR in total

Year	Entries	awarded
2022	1	90,900 EUR
2021	1	24,000 EUR

Projects

PERFECTIONNEMENT PROFESSIONNEL DU PERSONNEL

Training costs · 09-11-2022 to 31-03-2023 · 90,900 EUR

CONFERENCE SECOND PAN-EUROPEAN CRUISE DIALOGUE, 1/3/2022, BRUSSELS - VENUE RENTAL

Meetings, committees, conference · 27-02-2022 to 01-03-2022 · 24,000 EUR

Recognitions · licences · registrations

Legal Entity Identifier

5493006YVAQB5E90WL46

no longer live in the LEI register

Similar companies · same sector, comparable size

Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 515 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded25-05-2018

Fiscal year end31-12

Activities, NACEBEL 2025

68201Renting and operating of own or leased residential real estate, excluding social housing

68122Development of non-residential building projects

68110Buying and selling of own real estate

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

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