MAREBAT
Open bankruptcyA bankruptcy procedure is open for MAREBAT according to publications in the Belgian State Gazette; curator: Dirk DE MAESENEER.
Summary
The 2024 annual accounts show negative equity (€-5k) and a net result of €-16k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-5k
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€31k▼ 32.3%
2021 · €45k
2018: €98khighest in 5 years
2019: €31k▼ -68.7% vs 2018
2020: €27k▼ -11.9% vs 2019lowest in 5 years
2021: €45k▲ +66.5% vs 2020
2022: €31k▼ -32.3% vs 2021
2018 → 2022
EBIT margin
-69.6%▼ 121.2pp
2021 · 51.6%
2018: -16.7%
2019: -132.0%▼ -690% vs 2018lowest in 5 years
2020: -71.9%▲ +45.5% vs 2019
2021: 51.6%▲ +172% vs 2020highest in 5 years
2022: -69.6%▼ -235% vs 2021
2018 → 2022
Net result
€-16k▼ 3,622%
2023 · €-434
2018: €-14k
2019: €-46k▼ -221% vs 2018lowest in 7 years
2020: €-14k▲ +69.9% vs 2019
2021: €23k▲ +265% vs 2020highest in 7 years
2022: €-21k▼ -193% vs 2021
2023: €-434▲ +98.0% vs 2022
2024: €-16k▼ -3622% vs 2023
2018 → 2024
Working capital
€-35k▼ 164%
2023 · €-13k
2018: €43khighest in 7 years
2019: €17k▼ -60.1% vs 2018
2020: €8k▼ -55.7% vs 2019
2021: €31k▲ +307% vs 2020
2022: €12k▼ -62.7% vs 2021
2023: €-13k▼ -214% vs 2022
2024: €-35k▼ -164% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€27k-€45k▲ 66.5%€31k▼ 32.3%
2020: €27klowest in 3 years
2021: €45k▲ +66.5% vs 2020highest in 3 years
2022: €31k▼ -32.3% vs 2021
Equity€11k-€34k▲ 216%€12k▼ 63.5%€12k▼ 3.5%€-5k
2020: €11k
2021: €34k▲ +216% vs 2020highest in 5 years
2022: €12k▼ -63.5% vs 2021
2023: €12k▼ -3.5% vs 2022
2024: €-5k▼ -144% vs 2023lowest in 5 years
Operating result€-19k-€23k€-21k€-278▲ 98.7%€-16k▼ 5,682%
2020: €-19k
2021: €23k▲ +219% vs 2020highest in 5 years
2022: €-21k▼ -191% vs 2021lowest in 5 years
2023: €-278▲ +98.7% vs 2022
2024: €-16k▼ -5682% vs 2023
Net result€-14k-€23k€-21k€-434▲ 98.0%€-16k▼ 3,622%
2020: €-14k
2021: €23k▲ +265% vs 2020highest in 5 years
2022: €-21k▼ -193% vs 2021lowest in 5 years
2023: €-434▲ +98.0% vs 2022
2024: €-16k▼ -3622% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €278 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets
€30k ▲ 18.8%
Current assets
€14k ▼ 44.7%
Key figures and ratios
EBITDA
€-11k▼
2023 · €3k
Cash flow
€-11k▼
2023 · €3k
Solvency
-11.9%▼
2023 · 23.3%
Current ratio
0.29▼
2023 · 0.66
Debt to equity
-9.42▼
2023 · 3.29
ROA
-36.6%▼
2023 · -0.9%
Interest coverage
-141.06▼
2023 · 18.77
Debt
€49k▲
2023 · €39k
Debt ≤ 1 year
€49k▲
2023 · €39k
Staff costs
€32k
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 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€51k€44k▼
Fixed assets21/28€25k€30k▲
Intangible fixed assets21€12k€11k▼
Tangible fixed assets22/27€9k€15k▲
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€8k€12k▲
Financial fixed assets28€4k€4k▲
Current assets29/58€26k€14k▼
Amounts receivable within one year40/41€13k€6k▼
Trade receivables40€10k€391▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€51k€44k▼
Equity10/15€12k€-5k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-11k€-29k▼
Amounts payable17/49€39k€49k▲
Amounts payable within one year42/48€39k€49k▲
Current portion of amounts payable after more than one year42€1k€1k=
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45-€459
Taxes450/3-€459
Other amounts payable47/48€35k€39k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€783€2k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€9k€23k▲
Operating profit (loss)9901€-278€-16k▼
Financial charges65/66B€156€77▼
Recurring financial charges65€156€77▼
Profit (loss) for the period before taxes9903€-434€-16k▼
Profit (loss) for the period9904€-434€-16k▼
Profit (loss) for the period to be appropriated9905€-434€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-28k▼
Profit (loss) brought forward from the previous period14P€-11k€-11k▼
Transfer to equity691/2-€955
To other reserves6921-€955
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €27k | €45k | €31k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €16k | €47k | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €32k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €7k | €6k | €3k | €5k | ▲ 63.1% |
| Other operating charges640/8 | - | - | - | €783 | €2k | ▲ 108% |
| Non-recurring operating charges66A | - | - | - | €5k | - | - |
| Gross operating margin9900 | €-3k | €30k | €-15k | €9k | €23k | ▲ 159% |
| Operating profit (loss)9901 | €-19k | €23k | €-21k | €-278 | €-16k | ▼ 5,682% |
| Financial charges65/66B | - | €247 | €101 | €156 | €77 | ▼ 50.7% |
| Recurring financial charges65 | €326 | €247 | €101 | €156 | €77 | ▼ 50.7% |
| Profit (loss) for the period before taxes9903 | €-20k | €23k | €-21k | €-434 | €-16k | ▼ 3,622% |
| Income taxes67/77 | €-6k | - | - | - | - | - |
| Profit (loss) for the period9904 | €-14k | €23k | €-21k | €-434 | €-16k | ▼ 3,622% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €23k | €-21k | €-434 | €-16k | ▼ 3,622% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €48k | €20k | €51k | €44k | ▼ 13.2% |
| Fixed assets21/28 | €14k | €7k | €603 | €25k | €30k | ▲ 18.8% |
| Intangible fixed assets21 | - | - | - | €12k | €11k | ▼ 11.1% |
| Tangible fixed assets22/27 | €13k | €6k | - | €9k | €15k | ▲ 58.4% |
| Plant, machinery and equipment23 | - | - | - | €1k | €3k | ▲ 70.3% |
| Furniture and vehicles24 | - | - | - | €8k | €12k | ▲ 56.3% |
| Leasing and similar rights25 | - | €6k | - | - | - | - |
| Financial fixed assets28 | €603 | €603 | €603 | €4k | €4k | ▲ 16.1% |
| Current assets29/58 | €18k | €41k | €20k | €26k | €14k | ▼ 44.7% |
| Amounts receivable within one year40/41 | €1k | €35k | €19k | €13k | €6k | ▼ 57.5% |
| Trade receivables40 | - | €25k | €18k | €10k | €391 | ▼ 96.0% |
| Other amounts receivable41 | - | €10k | €1k | €4k | €5k | ▲ 43.4% |
| Cash at bank and in hand54/58 | €17k | €6k | €302 | €12k | €9k | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €48k | €20k | €51k | €44k | ▼ 13.2% |
| Equity10/15 | €11k | €34k | €12k | €12k | €-5k | ▼ 144% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Outside capital11 | - | - | - | €19k | €19k | = |
| Other1109/19 | - | - | - | €19k | €19k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €3k | €3k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-13k | €10k | €-11k | €-11k | €-29k | ▼ 150% |
| Amounts payable17/49 | €21k | €15k | €8k | €39k | €49k | ▲ 26.6% |
| Amounts payable after more than one year17 | €11k | €5k | - | - | - | - |
| Other amounts payable178/9 | - | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €10k | €10k | €8k | €39k | €49k | ▲ 26.6% |
| Current portion of amounts payable after more than one year42 | - | €6k | €5k | €1k | €1k | = |
| Trade debts44 | €662 | €1k | €1k | €3k | €9k | ▲ 192% |
| Suppliers440/4 | - | €1k | €1k | €3k | €9k | ▲ 192% |
| Taxes, remuneration and social security45 | - | - | - | - | €459 | - |
| Taxes450/3 | - | - | - | - | €459 | - |
| Other amounts payable47/48 | - | €3k | €2k | €35k | €39k | ▲ 11.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €23k | €-21k | €-434 | €-16k | ▼ 3,622% |
| + Depreciation and write-downs630 | €16k | €7k | €6k | €3k | €5k | ▲ 63.1% |
| Operating cash flow (approximation) | €3k | €30k | €-15k | €3k | €-11k | ▼ 494% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-28k | €-10k | ▲ 64.1% |
| Change in cash | - | €-10k | €-6k | €12k | €-4k | ▼ 132% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 224 days late
27-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 20-01-2026
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 1.74 to 4.11; short-term debt falls from €10k to €10k.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 54 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
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, Zaventem · 1 establishment unit since 1992
Ground area
1.2 ha
Building footprint
3,187 m²
Volume, LiDAR
21,061 m³
2 parcels, Brussels, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
117
companies at this address
See who is registered here
1 establishment unit
OLD TIME CAFE
since 19922.055.875.408
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00V002 | Flanders | 1.2 ha | 1 · 3,085 m² | 12.5 m · 2 fl. |
| 21384D0087/00E009 | Brussels | 101 m² | 1 · 102 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | Dirk DE MAESENEER PEGASUSLAAN 5, 1831 DIEGEM- |
20-01-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.055.875.408
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 9,914 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
Founded07-01-1992
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.