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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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARE from Aarschot, company number BE0432834982, closed financial year 2025 with a result of € 43,361 after tax. For that financial year MARE recorded a gross margin of € 123,234 and equity of € 655,494. Compared with financial year 2024, the result moved from € -17,117 to € 43,361. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 655,494
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,361
▲ still € 17,117 loss in 2024
Profit after tax over the fiscal year.
€ 42,125
▲ 106% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 263,823.
Debts at end 2025
€ 1.4 million
▲ € 1.3 million vs 2024
€ 16,897 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 1,001
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,918
▼ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,726 | € 83,958 | € 102,101 | € 123,234 | ▲ 21% |
| Profit after taxes | € 12,559 | € -54,408 | € -17,117 | € 43,361 | ▲ € 60,478 |
| Equity | € 683,659 | € 629,250 | € 612,134 | € 655,494 | ▲ 7% |
| Total debts | € 239,020 | € 244,338 | € 301,771 | € 2,538,994 | ▲ € 2.2 million |
| Cash | € 100,281 | € 10,165 | € 20,464 | € 42,125 | ▲ 106% |
| Land & buildings | € 770,620 | € 693,351 | € 647,120 | € 670,932 | ▲ 4% |
| Retained profit | € 291,987 | € 237,579 | € 220,462 | € 263,823 | ▲ 20% |
| Bank debt | € 218,258 | € 151,922 | € 89,016 | € 1,365,910 | ▲ € 1.3 million |
| Balance sheet total | € 922,679 | € 873,588 | € 913,905 | € 3,194,488 | ▲ 250% |
Key figures of MARE, 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 MARE?
What happened at MARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kurt Moons stepped down as director. NBB
- Sonja Smedts stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 43,361. Source: NBB ↗
- Kurt Moons became a director. NBB
- Sonja Smedts became a director. NBB
- New establishment in Aarschot. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,559 profit in 2022 to € 43,361 profit in 2025.
Paid € 2,582 in corporate taxes since 2022.
Best year ever: 2025, with € 43,361 profit.
Management
Directors
According to the 2025 annual accounts
Kurt Moons
Managing director
since 2025 · until 2031
Sonja Smedts
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Dubbeekstraat 5
3200 Aarschot
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.834.982
- VAT number
- BE 0432.834.982
- Registered office
- Dubbeekstraat 5, 3200 Aarschot
- Names & denominations
- MARE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 1987
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
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