MARANNI
ActiveSummary
MARANNI has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €754k and a net result of €68k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 86% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+4
Solvency100▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 4.4 against 3.9 in 2024; short-term debt: 18.1% and cash: 27.2% of total assets), and 23.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Retail trade (NACE 47)
about 45% 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
76.3%
Return on assets
6.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
7 d early
2023
5 d early
2022
7 d early
2021
1 d late
2020
5 d early
2019
63 d early
← 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 monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€754k▲ 2.9%
2024 · €733k
2019: €570klowest in 7 years
2020: €662k▲ +16.1% vs 2019
2021: €761k▲ +15.0% vs 2020
2022: €765k▲ +0.5% vs 2021highest in 7 years
2023: €758k▼ -0.9% vs 2022
2024: €733k▼ -3.3% vs 2023
2025: €754k▲ +2.9% vs 2024
2019 → 2025
Total assets
€988k▼ 4.6%
2024 · €1.04M
2019: €641klowest in 7 years
2020: €852k▲ +32.9% vs 2019
2021: €972k▲ +14.1% vs 2020
2022: €1,000k▲ +2.8% vs 2021
2023: €1.02M▲ +2.4% vs 2022
2024: €1.04M▲ +1.2% vs 2023highest in 7 years
2025: €988k▼ -4.6% vs 2024
2019 → 2025
Net result
€68k▲ 77.3%
2024 · €38k
2019: €47k
2020: €92k▲ +96.6% vs 2019
2021: €186k▲ +102% vs 2020highest in 7 years
2022: €57k▼ -69.5% vs 2021
2023: €37k▼ -35.0% vs 2022lowest in 7 years
2024: €38k▲ +3.1% vs 2023
2025: €68k▲ +77.3% vs 2024
2019 → 2025
Working capital
€610k▲ 0.7%
2024 · €606k
2019: €476klowest in 7 years
2020: €562k▲ +18.1% vs 2019
2021: €659k▲ +17.3% vs 2020highest in 7 years
2022: €591k▼ -10.3% vs 2021
2023: €627k▲ +6.1% vs 2022
2024: €606k▼ -3.5% vs 2023
2025: €610k▲ +0.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€761k-€765k▲ 0.5%€758k▼ 0.9%€733k▼ 3.3%€754k▲ 2.9%
2021: €761k
2022: €765k▲ +0.5% vs 2021highest in 5 years
2023: €758k▼ -0.9% vs 2022
2024: €733k▼ -3.3% vs 2023lowest in 5 years
2025: €754k▲ +2.9% vs 2024
Operating result€265k-€73k▼ 72.4%€49k▼ 33.0%€41k▼ 17.2%€92k▲ 125%
2021: €265khighest in 5 years
2022: €73k▼ -72.4% vs 2021
2023: €49k▼ -33.0% vs 2022
2024: €41k▼ -17.2% vs 2023lowest in 5 years
2025: €92k▲ +125% vs 2024
Net result€186k-€57k▼ 69.5%€37k▼ 35.0%€38k▲ 3.1%€68k▲ 77.3%
2021: €186khighest in 5 years
2022: €57k▼ -69.5% vs 2021
2023: €37k▼ -35.0% vs 2022lowest in 5 years
2024: €38k▲ +3.1% vs 2023
2025: €68k▲ +77.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 125% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €988k
Fixed assets
€199k ▼ 10.3%
Current assets
€789k ▼ 3.1%
Equity and liabilities €988k
Equity
€754k ▲ 2.9%
Debt
€234k ▼ 22.9%
Debt's share of the balance-sheet total falls from 29.3% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144k▲
2024 · €92k
Cash flow
€120k▲
2024 · €90k
Current ratio
4.40▲
2024 · 3.90
Quick ratio
3.07▲
2024 · 2.94
Debt to equity
0.31▼
2024 · 0.41
ROE
8.9%▲
2024 · 5.2%
ROA
6.8%▲
2024 · 3.7%
Interest coverage
43.97▲
2024 · 29.34
Debt ≤ 1 year
€179k▼
2024 · €208k
Debt > 1 year
€28k▼
2024 · €61k
Income taxes
€25k▲
2024 · €14k
Staff costs
€21k▲
2024 · €13k
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 · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€988k▼
Fixed assets21/28€222k€199k▼
Tangible fixed assets22/27€220k€197k▼
Land and buildings22€54k€52k▼
Plant, machinery and equipment23€93k€97k▲
Furniture and vehicles24€73k€48k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€814k€789k▼
Stocks and contracts in progress3€202k€239k▲
Stocks30/36€202k€239k▲
Amounts receivable within one year40/41€299k€280k▼
Trade receivables40€270k€247k▼
Other amounts receivable41€28k€33k▲
Cash at bank and in hand54/58€305k€269k▼
Deferred charges and accrued income490/1€9k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€988k▼
Equity10/15€733k€754k▲
Contributions10/11€171k€171k=
Outside capital11€171k€171k=
Other1109/19€171k€171k=
Reserves13€562k€583k▲
Non-distributable reserves130/1€19k€6k▼
Legal reserve130€19k€6k▼
Distributable reserves133€543k€577k▲
Profit (loss) carried forward14€122€145▲
Amounts payable17/49€304k€234k▼
Amounts payable after more than one year17€61k€28k▼
Financial debts170/4€61k€28k▼
Amounts payable within one year42/48€208k€179k▼
Current portion of amounts payable after more than one year42€33k€34k▲
Trade debts44€79k€62k▼
Suppliers440/4€79k€62k▼
Taxes, remuneration and social security45€17k€5k▼
Taxes450/3€17k€3k▼
Remuneration and social security454/9€895€2k▲
Other amounts payable47/48€79k€79k=
Accrued charges and deferred income492/3€34k€27k▼
Income statement
Code20242025
Remuneration, social security and pensions62€13k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€52k▲
Other operating charges640/8€8k€1k▼
Non-recurring operating charges66A-€162
Gross operating margin9900€113k€167k▲
Operating profit (loss)9901€41k€92k▲
Financial income75/76B€14k€5k▼
Recurring financial income75€14k€5k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€52k€93k▲
Income taxes67/77€14k€25k▲
Profit (loss) for the period9904€38k€68k▲
Profit (loss) for the period to be appropriated9905€38k€68k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€68k▲
Profit (loss) brought forward from the previous period14P€40€122▲
Transfer from equity791/2€63k€46k▼
Transfer to equity691/2€38k€68k▲
To other reserves6921€38k€68k▲
Profit to be distributed694/7€63k€46k▼
Return on contributions (dividend)694€63k€46k▼
Social balance
Average headcount (FTE)90870.50.6▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €363 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €11k | €14k | €13k | €21k | ▲ 63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €41k | €50k | €52k | €52k | ▲ 1.3% |
| Other operating charges640/8 | - | €7k | €7k | €8k | €1k | ▼ 86.0% |
| Non-recurring operating charges66A | - | - | - | - | €162 | - |
| Gross operating margin9900 | €309k | €132k | €120k | €113k | €167k | ▲ 47.3% |
| Operating profit (loss)9901 | €265k | €73k | €49k | €41k | €92k | ▲ 125% |
| Financial income75/76B | - | €6k | €5k | €14k | €5k | ▼ 68.7% |
| Recurring financial income75 | €6k | €6k | €5k | €14k | €5k | ▼ 68.7% |
| Financial charges65/66B | - | €3k | €3k | €3k | €3k | ▲ 4.0% |
| Recurring financial charges65 | €2k | €3k | €3k | €3k | €3k | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | €269k | €77k | €52k | €52k | €93k | ▲ 78.7% |
| Income taxes67/77 | €83k | €20k | €15k | €14k | €25k | ▲ 82.4% |
| Profit (loss) for the period9904 | €186k | €57k | €37k | €38k | €68k | ▲ 77.3% |
| Profit (loss) for the period to be appropriated9905 | €186k | €57k | €37k | €38k | €68k | ▲ 77.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €972k | €1,000k | €1.02M | €1.04M | €988k | ▼ 4.6% |
| Fixed assets21/28 | €175k | €272k | €245k | €222k | €199k | ▼ 10.3% |
| Tangible fixed assets22/27 | €173k | €271k | €243k | €220k | €197k | ▼ 10.4% |
| Land and buildings22 | - | €63k | €59k | €54k | €52k | ▼ 3.1% |
| Plant, machinery and equipment23 | - | €108k | €107k | €93k | €97k | ▲ 4.4% |
| Furniture and vehicles24 | - | €99k | €78k | €73k | €48k | ▼ 34.7% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | ▲ 6.7% |
| Current assets29/58 | €797k | €727k | €779k | €814k | €789k | ▼ 3.1% |
| Stocks and contracts in progress3 | €210k | €253k | €251k | €202k | €239k | ▲ 18.2% |
| Stocks30/36 | - | €253k | €251k | €202k | €239k | ▲ 18.2% |
| Amounts receivable within one year40/41 | €56k | €116k | €162k | €299k | €280k | ▼ 6.1% |
| Trade receivables40 | - | €116k | €162k | €270k | €247k | ▼ 8.5% |
| Other amounts receivable41 | - | - | - | €28k | €33k | ▲ 17.0% |
| Cash at bank and in hand54/58 | €515k | €349k | €356k | €305k | €269k | ▼ 11.8% |
| Deferred charges and accrued income490/1 | - | €9k | €9k | €9k | €1k | ▼ 86.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €972k | €1,000k | €1.02M | €1.04M | €988k | ▼ 4.6% |
| Equity10/15 | €761k | €765k | €758k | €733k | €754k | ▲ 2.9% |
| Contributions10/11 | - | €171k | €171k | €171k | €171k | = |
| Outside capital11 | - | €171k | €171k | €171k | €171k | = |
| Other1109/19 | - | €171k | €171k | €171k | €171k | = |
| Reserves13 | €590k | €594k | €587k | €562k | €583k | ▲ 3.8% |
| Non-distributable reserves130/1 | - | €19k | €19k | €19k | €6k | ▼ 67.7% |
| Legal reserve130 | - | €19k | €19k | €19k | €6k | ▼ 67.7% |
| Distributable reserves133 | - | €575k | €568k | €543k | €577k | ▲ 6.3% |
| Profit (loss) carried forward14 | - | - | €40 | €122 | €145 | ▲ 18.1% |
| Amounts payable17/49 | €211k | €235k | €266k | €304k | €234k | ▼ 22.9% |
| Amounts payable after more than one year17 | €63k | €98k | €72k | €61k | €28k | ▼ 55.0% |
| Financial debts170/4 | - | €98k | €72k | €61k | €28k | ▼ 55.0% |
| Amounts payable within one year42/48 | €138k | €136k | €152k | €208k | €179k | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | - | €27k | €27k | €33k | €34k | ▲ 1.7% |
| Trade debts44 | €43k | €65k | €49k | €79k | €62k | ▼ 21.8% |
| Suppliers440/4 | - | €65k | €49k | €79k | €62k | ▼ 21.8% |
| Taxes, remuneration and social security45 | - | €10k | €14k | €17k | €5k | ▼ 72.7% |
| Taxes450/3 | - | €10k | €14k | €17k | €3k | ▼ 81.2% |
| Remuneration and social security454/9 | - | - | €31 | €895 | €2k | ▲ 86.0% |
| Other amounts payable47/48 | - | €35k | €62k | €79k | €79k | = |
| Accrued charges and deferred income492/3 | - | - | €43k | €34k | €27k | ▼ 19.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €186k | €57k | €37k | €38k | €68k | ▲ 77.3% |
| + Depreciation and write-downs630 | €23k | €41k | €50k | €52k | €52k | ▲ 1.3% |
| Operating cash flow (approximation) | €209k | €97k | €87k | €90k | €120k | ▲ 33.5% |
| Investment in fixed assets (approximation) | - | €-138k | €-23k | €-29k | €-30k | ▼ 1.2% |
| Change in cash | - | €-166k | €7k | €-51k | €-36k | ▲ 28.9% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €37k ▼35%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Highest result since 2019net €186k ▲102%
Operating result €265k, net result €186k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Merelbeke-Melle · 1 establishment unit since 1988
Ground area
2,781 m²
Building footprint
759 m²
Volume, LiDAR
3,643 m³
Parcel 44412C0504/00K000, Flanders · tallest building 11.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hundelgemsesteenweg 609, 9820 Merelbeke-Melle
since 19882.037.970.097
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412C0504/00K000 | Flanders | 2,781 m² | 1 · 759 m² | 11.2 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.037.970.097
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 2,603 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
Founded25-03-1988
Fiscal year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.