MARIN
ActiveMARIN 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 19% of 1033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+55
Solvency6▲+4
Growth58▲+26
Track record100
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; short-term debt: 111% and cash: 23.4% of total assets), 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 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 · 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 2025Solvency, return and age of the figures
Solvency
-19.1%
Return on assets
2%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1033 sector peers (2025).
NBB · sector comparisonPosition among 1033 sector peers
Solvency
better than 19%
← 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 filingsDeviation 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 monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
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
The operating result returns to profit in 2025: €14k after a loss of €25k in 2024, the highest result in the available series.
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
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
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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
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
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 AarschotGround 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
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 | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 1,170,556 EUR | 1,167,328 EUR |
| 2024 | 2 | 1,178,914 EUR | 1,178,815 EUR |
| 2023 | 2 | 1,165,362 EUR | 1,162,005 EUR |
| 2022 | 2 | 1,001,062 EUR | 997,754 EUR |
Schemes
Dienstencheques
Opleidingsfonds dienstencheques
Recognitions: source did not answer, try again later.
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Of 809 companies in sector 96910 we hold annual accounts for 618. 472 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.