MARINVEST
ActiveMARINVEST has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38.94M and a net result of €605k. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-22
Solvency98▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.79 against 6.7 in 2024; short-term debt: 8% and cash: 1.8% of total assets), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.2%
Return on assets
1.1%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
6 d late
2023
10 d late
2022
28 d late
2021
28 d late
2020
26 d late
2019
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€605k▼ 88.7%
2024 · €5.35M
2019: €1.17M
2020: €-928k
2021: €119k
2022: €1.59M
2023: €1.65M
2024: €5.35M
2019 → 2025
Working capital
€7.60M▼ 74.8%
2024 · €30.14M
2019: €-1.95M
2020: €-14.68M
2021: €759k
2022: €592k
2023: €1.10M
2024: €30.14M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37.72M-€38.55M▲ 2.2%€39.03M▲ 1.2%€39.09M▲ 0.2%€38.94M▼ 0.4%
Operating result€-13k-€-20k▼ 49.0%€-5k▲ 76.0%€-5k▼ 9.9%€-11k▼ 109%
Net result€119k-€1.59M▲ 1,231%€1.65M▲ 3.8%€5.35M▲ 225%€605k▼ 88.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53.20M
Fixed assets
€41.34M▲ 118%
Current assets
€11.86M▼ 66.5%
Equity and liabilities €53.20M
Equity
€38.94M▼ 0.4%
Debt
€14.26M▼ 6.8%
The debt ratio falls from 28.1% to 26.8%. Equity and debt are lower.
Key figures and ratios
Solvency
73.2%▲
2024 · 71.9%
Current ratio
2.79▼
2024 · 6.70
Quick ratio
2.79▼
2024 · 6.70
Debt / equity
0.37▼
2024 · 0.39
ROE
1.6%▼
2024 · 13.7%
ROA
1.1%▼
2024 · 9.8%
Debt
€14.26M▼
2024 · €15.29M
Debt ≤ 1 year
€4.26M▼
2024 · €5.29M
Debt > 1 year
€10.00M=
2024 · €10.00M
Income taxes
€9k▲
2024 · €3k
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€54.39M€53.20M▼
Fixed assets21/28€18.95M€41.34M▲
Financial fixed assets28€18.95M€41.34M▲
Current assets29/58€35.43M€11.86M▼
Amounts receivable within one year40/41€3.88M€3.29M▼
Other amounts receivable41€3.88M€3.29M▼
Current investments50/53€7.50M€7.50M=
Cash at bank and in hand54/58€24.06M€971k▼
Deferred charges and accrued income490/1-€101k
Equity and liabilities
Total equity and liabilities10/49€54.39M€53.20M▼
Equity10/15€39.09M€38.94M▼
Contributions10/11€37.79M€37.79M=
Capital10€37.79M€37.79M=
Issued capital100€37.79M€37.79M=
Reserves13€1.12M€1.15M▲
Non-distributable reserves130/1€1.12M€1.15M▲
Legal reserve130€1.12M€1.15M▲
Profit (loss) carried forward14€191k€9k▼
Amounts payable17/49€15.29M€14.26M▼
Amounts payable after more than one year17€10.00M€10.00M=
Financial debts170/4€10.00M€10.00M=
Amounts payable within one year42/48€5.29M€4.26M▼
Trade debts44€653€363▼
Suppliers440/4€653€363▼
Other amounts payable47/48€5.29M€4.26M▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Other operating charges640/8€960€968▲
Gross operating margin9900€-4k€-10k▼
Operating profit (loss)9901€-5k€-11k▼
Financial income75/76B€5.48M€717k▼
Recurring financial income75€360k€717k▲
Non-recurring financial income76B€5.12M-
Financial charges65/66B€115k€93k▼
Recurring financial charges65€115k€93k▼
Profit (loss) for the period before taxes9903€5.36M€613k▼
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€5.35M€605k▼
Profit (loss) for the period to be appropriated9905€5.35M€605k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.75M€795k▼
Profit (loss) brought forward from the previous period14P€393k€191k▼
Transfer to equity691/2€268k€30k▼
To the legal reserve6920€268k€30k▼
Profit to be distributed694/7€5.29M€756k▼
Return on contributions (dividend)694€5.29M€756k▼
The notes to these accounts (9 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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
30-06
Financial
Highest result since 2019net €5.35M ▲225%
Net result €5.35M, the highest in the series.
30-06
Financial
Liquidity triplescurrent ratio 6.70
Current ratio from 1.94 to 6.70.
10-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 10 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
30-06
Financial
Back to profitnet €119k
Net result €119k after one loss-making year.
30-06
Financial
Liquidity times 16794current ratio 387.19
Current ratio from 0.02 to 387.19; short-term debt falls from €15.02M to €2k.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €-928k ▼179%
Net result drops to €-928k, the lowest in the series; recovery starts the following year.
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
16-02-2022
Resigned as Director
Location & real-estate footprint
Registered office, Brussel
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.
Marnixlaan 19A1000 BrusselGround area
437 m²
Building footprint
415 m²
Volume, LiDAR
14,382 m³
Parcel 21805E0539/00F000, Brussels · tallest building 44.7 m, ±11 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0539/00F000 | Brussels | 437 m² | 1 · 415 m² | 44.7 m · 11 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500DIJVI9AG9N5D71
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-2010
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.