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 (-€5,245) and a net result of -€16,147.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 20 January 2026
- Supervising judge
- Koen Swerten
- Official Gazette
- 27-01-2026 (pdf) ↗search the document for 2026/103255
Deadlines
- Provisional date payments stopped
- 20 January 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 11 February 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 19 February 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 25 February 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 20 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Dirk De MaeseneerPegasuslaan 5, 1831 Diegemdirk.de.maeseneer@lovanius.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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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 -€5,245
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€30,500▼ 32.3%
2021 · €45,050
EBIT margin
-69.6%▼ 121.2pp
2021 · 51.6%
Net result
-€16,147▼ 3,622%
2023 · -€434
Working capital
-€35,180▼ 164%
2023 · -€13,334
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€27,050▼ 11.9%€45,050▲ 66.5%€30,500▼ 32.3%
Operating result-€19,461▲ 52.0%€23,229-€21,243-€278▲ 98.7%-€16,070▼ 5,682%
Net result-€13,930below the sector's middle half▲ 69.9%€22,982within the sector's middle half-€21,344below the sector's middle half-€434below the sector's middle half▲ 98.0%-€16,147below the sector's middle half▼ 3,622%
EBIT margin-71.9%▲ 60.0pp51.6%▲ 123.5pp-69.6%▼ 121.2pp
Equity€10,652below the sector's middle half▼ 56.7%€33,634below the sector's middle half▲ 216%€12,290below the sector's middle half▼ 63.5%€11,856below the sector's middle half▼ 3.5%-€5,245below the sector's middle half
Total assets€31,992below the sector's middle half▼ 52.8%€48,402below the sector's middle half▲ 51.3%€20,262below the sector's middle half▼ 58.1%€50,893below the sector's middle half▲ 151%€44,161below the sector's middle half▼ 13.2%
Debt€21,340▼ 50.6%€14,768▼ 30.8%€7,972▼ 46.0%€39,037▲ 390%€49,406▲ 26.6%
Working capital€7,691below the sector's middle half▼ 55.7%€31,313within the sector's middle half▲ 307%€11,687below the sector's middle half▼ 62.7%-€13,334below the sector's middle half-€35,180below the sector's middle half▼ 164%
Solvency33.3%within the sector's middle half▼ 3.0pp69.5%above the sector's middle half▲ 36.2pp60.7%above the sector's middle half▼ 8.8pp23.3%within the sector's middle half▼ 37.4pp-11.9%below the sector's middle half▼ 35.2pp
Current ratio1.74within the sector's middle half▼ 0.134.11above the sector's middle half▲ 2.372.47above the sector's middle half▼ 1.650.66below the sector's middle half▼ 1.810.29below the sector's middle half▼ 0.37
Return on assets (ROA)-43.5%below the sector's middle half▲ 24.7pp47.5%above the sector's middle half▲ 91.0pp-105.3%below the sector's middle half▼ 152.8pp-0.9%below the sector's middle half▲ 104.5pp-36.6%below the sector's middle half▼ 35.7pp
Staff (FTE)1.2below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,070 in 2024 against €278 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44,161
Fixed assets
€29,934 ▲ 18.8%
Current assets
€14,226 ▼ 44.7%
Key figures and ratios
EBITDA
-€10,842▼
2023 · €2,928
Cash flow
-€10,919▼
2023 · €2,772
Debt to equity
-9.42▼
2023 · 3.29
Interest coverage
-141.06▼
2023 · 18.77
Debt ≤ 1 year
€49,406▲
2023 · €39,037
Staff costs
€31,733
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €27,050 | €45,050 | €30,500 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €15,749 | €46,764 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €31,733 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,499 | €6,889 | €6,430 | €3,206 | €5,228 | ▲ 63.1% |
| Other operating charges640/8 | - | - | - | €783 | €1,629 | ▲ 108% |
| Non-recurring operating charges66A | - | - | - | €5,000 | - | - |
| Gross operating margin9900 | -€2,962 | €30,118 | -€14,812 | €8,711 | €22,520 | ▲ 159% |
| Operating profit (loss)9901 | -€19,461 | €23,229 | -€21,243 | -€278 | -€16,070 | ▼ 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 | -€19,787 | €22,982 | -€21,344 | -€434 | -€16,147 | ▼ 3,622% |
| Income taxes67/77 | -€5,857 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€13,930 | €22,982 | -€21,344 | -€434 | -€16,147 | ▼ 3,622% |
| Profit (loss) for the period to be appropriated9905 | -€13,930 | €22,982 | -€21,344 | -€434 | -€16,147 | ▼ 3,622% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,992 | €48,402 | €20,262 | €50,893 | €44,161 | ▼ 13.2% |
| Fixed assets21/28 | €13,922 | €7,033 | €603 | €25,190 | €29,934 | ▲ 18.8% |
| Intangible fixed assets21 | - | - | - | €12,150 | €10,800 | ▼ 11.1% |
| Tangible fixed assets22/27 | €13,319 | €6,430 | - | €9,437 | €14,952 | ▲ 58.4% |
| Plant, machinery and equipment23 | - | - | - | €1,469 | €2,502 | ▲ 70.3% |
| Furniture and vehicles24 | - | - | - | €7,968 | €12,450 | ▲ 56.3% |
| Leasing and similar rights25 | - | €6,430 | - | - | - | - |
| Financial fixed assets28 | €603 | €603 | €603 | €3,603 | €4,183 | ▲ 16.1% |
| Current assets29/58 | €18,070 | €41,368 | €19,659 | €25,703 | €14,226 | ▼ 44.7% |
| Amounts receivable within one year40/41 | €1,488 | €35,207 | €19,356 | €13,346 | €5,677 | ▼ 57.5% |
| Trade receivables40 | - | €25,000 | €18,000 | €9,659 | €391 | ▼ 96.0% |
| Other amounts receivable41 | - | €10,207 | €1,356 | €3,687 | €5,286 | ▲ 43.4% |
| Cash at bank and in hand54/58 | €16,582 | €6,162 | €302 | €12,357 | €8,550 | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,992 | €48,402 | €20,262 | €50,893 | €44,161 | ▼ 13.2% |
| Equity10/15 | €10,652 | €33,634 | €12,290 | €11,856 | -€5,245 | ▼ 144% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Outside capital11 | - | - | - | €18,592 | €18,592 | = |
| Other1109/19 | - | - | - | €18,592 | €18,592 | = |
| Reserves13 | €4,667 | €4,667 | €4,667 | €4,667 | €4,667 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €2,807 | €2,807 | €4,667 | €4,667 | = |
| Profit (loss) carried forward14 | -€12,607 | €10,375 | -€10,969 | -€11,403 | -€28,504 | ▼ 150% |
| Amounts payable17/49 | €21,340 | €14,768 | €7,972 | €39,037 | €49,406 | ▲ 26.6% |
| Amounts payable after more than one year17 | €10,961 | €4,713 | - | - | - | - |
| Other amounts payable178/9 | - | €4,713 | - | - | - | - |
| Amounts payable within one year42/48 | €10,379 | €10,055 | €7,972 | €39,037 | €49,406 | ▲ 26.6% |
| Current portion of amounts payable after more than one year42 | - | €6,249 | €4,713 | €1,020 | €1,020 | = |
| Trade debts44 | €662 | €1,251 | €1,445 | €3,019 | €8,830 | ▲ 192% |
| Suppliers440/4 | - | €1,251 | €1,445 | €3,019 | €8,830 | ▲ 192% |
| Taxes, remuneration and social security45 | - | - | - | - | €459 | - |
| Taxes450/3 | - | - | - | - | €459 | - |
| Other amounts payable47/48 | - | €2,556 | €1,814 | €34,998 | €39,098 | ▲ 11.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,930 | €22,982 | -€21,344 | -€434 | -€16,147 | ▼ 3,622% |
| + Depreciation and write-downs630 | €16,499 | €6,889 | €6,430 | €3,206 | €5,228 | ▲ 63.1% |
| Operating cash flow (approximation) | €2,569 | €29,871 | -€14,914 | €2,772 | -€10,919 | ▼ 494% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€27,793 | -€9,973 | ▲ 64.1% |
| Change in cash | - | -€10,421 | -€5,859 | €12,055 | -€3,808 | ▼ 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 €22,982
Net result €22,982 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 €10,379 to €10,055.
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 -€46,239
Net result drops to -€46,239, 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 29,766 companies in sector 41001 we hold annual accounts for 16,055. 9,920 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
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.