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MARIN

Active
Private limited companyfounded 200917 yrs activeLeuvenseweg 110, 3202 Aarschot, BelgiumKBO/BCE: BE 0811.379.462

MARIN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-79k) and a net result of €8k. Equity is shrinking by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
16 / 100
Critical▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency35▲+2
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.49 in 2024), and equity is negative.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
elevated failure risk from 2 to 8 years 17 years 0 20 y
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
Solvency, return and age of the figures
Solvency
-19.1%
Return on assets
2%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1030 sector peers (2025).
NBB · sector comparison
Position among 1030 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
30 d late
2023
7 d early
2022
6 d early
2021
2 d late
2020
42 d late
2019
31 d late
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
15-09-2026 today30-09-2026 close30-04-2027 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

Financials · fiscal year 2025, abbreviated schema

Equity
€-79k▲ 9.3%
2024 · €-88k
2018: €44k 2019: €27k 2020: €48k 2021: €50k 2022: €-51k 2023: €-59k 2024: €-88k
2018 → 2025
Total assets
€415k▲ 10.4%
2024 · €376k
2018: €380k 2019: €428k 2020: €400k 2021: €439k 2022: €363k 2023: €363k 2024: €376k
2018 → 2025
Net result
€8k
2024 · €-28k
2018: €-15k 2019: €-16k 2020: €21k 2021: €2k 2022: €-101k 2023: €-8k 2024: €-28k
2018 → 2025
Working capital
€-194k▲ 7.9%
2024 · €-211k
2018: €-38k 2019: €-52k 2020: €-27k 2021: €-71k 2022: €-164k 2023: €-176k 2024: €-211k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€50k-€-51k€-59k▼ 15.6%€-88k▼ 47.8%€-79k▲ 9.3%
Operating result€12k-€-97k€1k€-25k€14k
Net result€2k-€-101k€-8k▲ 92.1%€-28k▼ 255%€8k
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: €12k€12kNet result 2021: €2k€2kOperating result 2022: €-97k€-97kNet result 2022: €-101k€-101kOperating result 2023: €1k€1kNet result 2023: €-8k€-8kOperating result 2024: €-25k€-25kNet result 2024: €-28k€-28kOperating result 2025: €14k€14kNet result 2025: €8k€8k20212022202320242025
The operating result returns to profit in 2025: €14k after a loss of €25k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets €149k▼ 12.7%
Current assets €266k▲ 29.5%
Key figures and ratios
2025 value · change against 2024
EBITDA
€42k
2024 · €4k
Cash flow
€36k
2024 · €124
Solvency
-19.1%
2024 · -23.3%
Current ratio
0.58
2024 · 0.49
Quick ratio
0.58
2024 · 0.49
Debt / equity
-6.22
2024 · -5.29
ROE
-10.3%
2024 · 32.3%
ROA
2.0%
2024 · -7.5%
Interest coverage
7.91
2024 · 0.77
Debt
€495k
2024 · €464k
Debt ≤ 1 year
€461k
2024 · €417k
Debt > 1 year
€34k
2024 · €47k
Income taxes
€835
2024 · €698
Staff costs
€1.68M
2024 · €1.61M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€376k€415k
Fixed assets21/28€170k€149k
Tangible fixed assets22/27€170k€149k
Land and buildings22€132k€127k
Plant, machinery and equipment23€3k€5k
Furniture and vehicles24€32k€14k
Other tangible fixed assets26€4k€3k
Current assets29/58€206k€266k
Amounts receivable within one year40/41€127k€154k
Trade receivables40€87k€134k
Other amounts receivable41€40k€21k
Cash at bank and in hand54/58€72k€97k
Deferred charges and accrued income490/1€7k€15k
Equity and liabilities
Total equity and liabilities10/49€376k€415k
Equity10/15€-88k€-79k
Contributions10/11€12k€12k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-104k€-96k
Amounts payable17/49€464k€495k
Amounts payable after more than one year17€47k€34k
Financial debts170/4€47k€34k
Amounts payable within one year42/48€417k€461k
Current portion of amounts payable after more than one year42€85k€77k
Trade debts44€13k€4k
Suppliers440/4€13k€4k
Taxes, remuneration and social security45€291k€377k
Taxes450/3€719€13k
Remuneration and social security454/9€291k€365k
Other amounts payable47/48€27k€2k
Accrued charges and deferred income492/3€384€384=
Income statement Code20242025
Remuneration, social security and pensions62€1.61M€1.68M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k
Other operating charges640/8€5k€5k
Gross operating margin9900€1.61M€1.73M
Operating profit (loss)9901€-25k€14k
Financial income75/76B€2k€0
Recurring financial income75€3€0
Non-recurring financial income76B€2k-
Financial charges65/66B€5k€5k
Recurring financial charges65€5k€5k
Profit (loss) for the period before taxes9903€-28k€9k
Income taxes67/77€698€835
Profit (loss) for the period9904€-28k€8k
Profit (loss) for the period to be appropriated9905€-28k€8k
Appropriation of the result
Profit (loss) to be appropriated9906€-104k€-96k
Profit (loss) brought forward from the previous period14P€-76k€-104k
Social balance
Average headcount (FTE)908746.346.1

The notes to these accounts (7 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

Next filing, fiscal year 2026, expected by 30-04-2027
2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial Back to profitnet €8k
Net result €8k after 3 loss-making years.
30-05
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
23-04
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-04
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial Weakest financial yearnet €-101k ▼4869%
Net result drops to €-101k, the lowest in the series; recovery starts the following year.
02-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
11-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 42 days late
2020
30-09
Financial Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-05
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
24-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
16-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
1 act for this company is 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, Aarschot · 1 establishment unit since 2009
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.

Leuvenseweg 1103202 Aarschot
Ground area
1,063 m²
Building footprint
135 m²
Volume, LiDAR
817 m³
Parcel 24092D0252/00R000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA MARIN
Leuvenseweg 110, 3202 AarschotNACE 45206
since 20092.177.917.541
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24092D0252/00R000 Flanders 1,063 m² 1 · 135 m² 9.3 m · 2 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 9 entries · 4,515,894 EUR awarded · 4,505,902 EUR paid
Year Entries awardedpaid
2025 3 1,170,556 EUR1,167,328 EUR
2024 2 1,178,914 EUR1,178,815 EUR
2023 2 1,165,362 EUR1,162,005 EUR
2022 2 1,001,062 EUR997,754 EUR
Schemes
Dienstencheques
4 entries · 4,505,902 EUR · 4,505,902 EUR paid · Departement Werk en Sociale Economie
Opleidingsfonds dienstencheques
5 entries · 9,992 EUR · Departement Werk en Sociale Economie

Recognitions: source did not answer, try again later.

Similar companies · same sector, comparable size

Of 795 companies in sector 96910 we hold annual accounts for 607. 465 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded22-04-2009
Fiscal year end30-09
Activities, NACEBEL
81210General cleaning of buildings
96910Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.