Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MARO from Wervik, company number BE0422520815, closed financial year 2025 with a result of € -20,009 after tax. For that financial year MARO recorded a gross margin of € -8,472 and equity of € 135,527. Compared with financial year 2024, the result moved from € -18,378 to € -20,009. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 135,527
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,009
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,984
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14,473.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,670
▲ € 2,072 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,959 | € -6,125 | € -5,542 | € -8,472 | ▼ € 2,930 |
| Profit after taxes | € -17,756 | € -18,544 | € -18,378 | € -20,009 | ▼ € 1,631 |
| Equity | € 192,459 | € 173,914 | € 155,536 | € 135,527 | ▼ 13% |
| Total debts | € 74,942 | € 60,638 | € 44,056 | € 2,670 | ▼ 94% |
| Cash | € 115,266 | € 90,215 | € 62,831 | € 8,984 | ▼ 86% |
| Land & buildings | € 116,359 | € 108,562 | € 100,764 | € 93,083 | ▼ 8% |
| Retained profit | € 42,459 | € 23,914 | € 5,536 | € -14,473 | ▼ € 20,009 |
| Bank debt | € 74,568 | € 59,396 | € 43,458 | € 0 | ▼ 100% |
| Balance sheet total | € 267,401 | € 234,552 | € 199,593 | € 138,198 | ▼ 31% |
Key figures of MARO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MARO?
What happened at MARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- NANCY GARCEZ stepped down as director. NBB
- DOMINIQUE VAN CAUWENBERGHE stepped down as director. NBB
- NIKITA VAN CAUWENBERGHE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20,009. filed late Source: NBB ↗
- NANCY GARCEZ became a director. NBB
- DOMINIQUE VAN CAUWENBERGHE became a director. NBB
- NIKITA VAN CAUWENBERGHE became a director. NBB
- New establishment in Wervik. KBO
In short
From € 17,756 loss in 2022 to € 20,009 loss in 2025.
Paid € 68 in corporate taxes since 2022.
Management
Directors
According to the 2025 annual accounts
NANCY GARCEZ
Managing director
since 2017 · until 2029
since 2017 · until 2029
Establishments
Establishment units
Physical locations of this company
Pollepelstraat 9
8940 Wervik
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.520.815
- VAT number
- BE 0422.520.815
- Registered office
- Pollepelstraat 9, 8940 Wervik
- Names & denominations
- MARO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 1982
- Peppol
- Not registered