Financials
- Financial year
- 2025
- Total assets
- €54.8m
- Profit
- €1.5m
- Solvency
- -48.5%
Total assets▼ 23.6%
Net result
20182025
MARINA
ActiveSummary
MARINA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€26.6m) and a net result of €1.5m. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 5% of 3,022 sector peers (NACE 64, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €2.4mturnover 2025, estimated
- Equity
- -€26.6m
- Profit
- €1.5m
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Largest shareholder
- FIRST CIRCLE · 31.14%
- Holdings
- 4
- Antoinette FREDEAUDirector
- Marc GROSMANDirector
2025 accounts 45 days early2 of 17 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 days early
2024
73 days early
2023
44 days early
2022
56 days early
2021
30 days early
2020
11 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€26.6m View
- Caution: Among the weakest 5% on solvencysector median 61.2% · 3,022 companies -48.5% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: Result rose in 2025from €1.2m to €1.5m ▲ 33.8% View
- Positive: 5 profitable years in a rowprofit 2025: €1.5m 5 years View
- Known shareholderslargest: FIRST CIRCLE 31.14% 31.14% View
By topic
Board & ownership
- Board
- 2 members
- Largest shareholder
- FIRST CIRCLE · 31.14%
- Known shareholders
- 31.14%
- Antoinette FREDEAUDirector
- Marc GROSMANDirector
Network & group
- Subsidiaries, all levels
- 2
- Direct holdings
- 4
4 holdings
Timeline
- Events
- 31
- Since
- 2001
- Next accounts
- by 31-07-2027
- 07-03-2024Amendment of the articles
- 31-12-2023Highest result from 2018 to 2025
- 22-06-2023Reappointments: Marc GROSMAN (director) and Antoinette FREDEAU…
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Activities of holding companiesNACE 64210
- Founded
- 26-07-1999
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 12
- Annual meeting
- Second Tuesday of May
Key facts about MARINA
- What is the company number of MARINA?
- 0466.607.018. In Belgium the VAT number is the company number with BE in front: BE 0466.607.018.
- Where is MARINA based?
- The registered office is at Hamoirlaan 23A, 1180 Ukkel.Company details
- What does MARINA do?
- According to the KBO register, the main activity is activities of holding companies (NACE 64210).
- What is the legal form of MARINA?
- Public limited company (NV).
- When was MARINA founded?
- On 26-07-1999.
- Is MARINA still active?
- Yes, MARINA is an active enterprise in the KBO register.
- What is the turnover of MARINA?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is MARINA profitable?
- In financial year 2025, MARINA made a profit of €1.5m.
- Where can I find the annual accounts of MARINA?
- MARINA filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MARINA due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to MARINA
Shareholders
- FIRST CIRCLE31.14%
Subsidiaries and holdings
- 7X99.99%
- CELIO INTERNATIONAL43.5%
- BELSORG32.53%
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