Age20 yrs
Real estate1 parcel · 6,856 m²
Summary
Conclusion
the dossier summarised in one paragraphThe file of MARUPECHE contains 1 interim measure, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 4.1% (elevated). The 2025 annual accounts show negative equity (€-126k) and a net result of €-144. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 335 sector peers (fiscal year 2025).
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone4.1%
Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile
+Recent warning signals
+Interim administrator appointed
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events07-04-2026
Interim measure
Provisional administrator
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
1 signalInterim administration
1 publication(s) on interim administration in the Belgisch Staatsblad. An early signal, not a finding of bankruptcy.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-144+99.9%
Working capital€-126k-0.1%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 06-07-2026 with the NBB · fiscal year 2025 · verkort
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -337641.7% | 35.1% | |
| Net result | €-144 | €42k | |
| Equity | €-126k | €278k | |
| Gross operating margin | €0 | €240k | |
| Employees (FTE) | 0.0 | 2.7 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P5
Stable position over 2020-2025
· n=335-963
P24
Stable position over 2020-2025
· n=335-963
P8
Stable position over 2020-2025
· n=335-963
P12
Stable position over 2020-2025
· n=334-961
Describes the position versus peers, not a forecast.
€-236k
-
far below sector median
€-144
+99.9%
far below sector median
€-250k
-
far below sector median
€37
-100.0%
-100% vs sector
€-126k
-0.1%
far below sector median
€-126k
-0.1%
far below sector median
0
-
-100% vs sector
€0
-100.0%
-100% vs sector
€0
-100.0%
-100% vs sector
€126k
-70.9%
-31% vs sector
€126k
-70.9%
-31% vs sector
0.00
-100.0%
-100% vs sector
0.00
-100.0%
-100% vs sector
-337641.7%
-824782.4%
far below sector median
-1.00
+70.9%
far below sector median
0.1%
-99.9%
-99% vs sector
-385.3%
-950.6%
far below sector median
-17.79
-
far below sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-144 |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €37 |
| Equity | €-126k |
| Debt | €126k |
| of which ≤ 1y | €126k |
| of which > 1y | - |
| Working capital | €-126k |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.00 |
| Quick ratio | 0.00 |
| Working capital ratio | -337641.7% |
| Solvency | -337641.7% |
| Debt / equity | -1.00 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -385.3% |
| ROE | 0.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €37 |
| Current assets | 29/58 | €37 |
| Amounts receivable within one year | 40/41 | €37 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €37 |
| Equity | 10/15 | €-126k |
| Contributions / capital | 10/11 | €1.00M |
| Reserves | 13 | €42k |
| Accumulated profits (losses) | 14 | €-1.17M |
| Amounts payable | 17/49 | €126k |
| Amounts payable within one year | 42/48 | €126k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €0 |
| Operating result | 9901 | €0 |
| Financial charges | 65 | €144 |
| Result before taxes | 9903 | €-144 |
| Net result for the period | 9904 | €-144 |
| Result to be appropriated | 9905 | €-144 |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed8
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationMarupeche
since 20052.149.917.601
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area6,856 m²
Buildings1
Building footprint2,547 m²
Volume (LiDAR)35,399 m³
Tallest building18.2 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0037/00L007 | Flanders | 6,856 m² | 1 · 2,547 m² | 18.2 m · 5 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette07-04-2026
Interim measure
Provisional administrator
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette · acts
No structured acts for this company yet
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axes36
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
8
Profitability
1
Solvency
33
Growth
58
Stability
80
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Credit advice
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | MARUPECHE |
Registered office
Baron Ruzettelaan 1 bus 0.1
8310 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.