Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
MAERKELINDEN from Wortegem-Petegem, company number BE0435263447, closed financial year 2025 with a result of € 5.4 million after tax. For that financial year MAERKELINDEN recorded a gross margin of € 171,189 and equity of € 14 million. Compared with financial year 2024, the result moved from € 869,441 to € 5.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 17, 2026.
€ 14 million
▲ € 11.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.4 million
▲ € 4.5 million vs 2024
Profit after tax over the fiscal year.
€ 47,798
▲ € 40,872 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 € 5.8 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 338,928
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.8 million
▲ 68% vs 2024
€ 380,793 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 4,327
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,452 | € 42,446 | € 16,108 | € 171,189 | ▲ € 155,081 |
| Profit after taxes | € 100,790 | € 388,720 | € 869,441 | € 5,359,829 | ▲ € 4.5 million |
| Equity | € 1,076,297 | € 1,465,017 | € 2,334,458 | € 13,962,892 | ▲ € 11.6 million |
| Total debts | € 18,472,549 | € 18,914,606 | € 18,289,349 | € 16,129,755 | ▼ 12% |
| Cash | € 13,602 | € 80,752 | € 6,926 | € 47,798 | ▲ € 40,872 |
| Land & buildings | € 5,010,994 | € 6,047,567 | € 5,970,486 | € 8,182,781 | ▲ 37% |
| Retained profit | € -786,842 | € -398,122 | € 471,319 | € 5,831,148 | ▲ € 5.4 million |
| Bank debt | € 3,310,404 | € 3,055,141 | € 2,881,908 | € 4,835,511 | ▲ 68% |
| Balance sheet total | € 19,548,847 | € 20,379,624 | € 20,623,807 | € 30,092,647 | ▲ 46% |
Key figures of MAERKELINDEN, 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 MAERKELINDEN?
What happened at MAERKELINDEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Celine Thiers became a director. NBB
- Patrick Thiers became a director. NBB
- Louis Thiers became a director. NBB
- Carine Bossuyt became a director. NBB
- New establishment in Wortegem-Petegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,790 profit in 2022 to € 5.4 million profit in 2025.
Paid € 385 in corporate taxes since 2022.
Best year ever: 2025, with € 5.4 million profit.
Management
Behind MAERKELINDEN are Celine Thiers, Patrick Thiers, Louis Thiers and Carine Bossuyt. It owns 10% of Think2Act Capital and 0.6% of Smile Invest itself.
Directors
According to the 2025 annual accounts
since 2023
Patrick Thiers
Managing director
Also active at: Vens & Thiers Machines, N.V. VEBIM, VG NOORDLAAN, RED real estate designers, THINK2ACT CAPITAL, OPTIMAT, OPTIMAT-GROUP, PROFCTRY
since 2023
Louis Thiers
Director
Also active at: Vens & Thiers Machines, Loth Capital, Above & Beyond, THINK2ACT CAPITAL, OPTIMAT-GROUP
since 2023
Carine Bossuyt
Managing director
since 2023
Establishments
Establishment units
Physical locations of this company
Peerdekouterstraat (W.) 12
9790 Wortegem-Petegem
Stuivenbergstraat (W.) 1
9790 Wortegem-Petegem
Active since 5 April 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0435.263.447
- VAT number
- BE 0435.263.447
- Registered office
- Peerdekouterstraat (W.) 12, 9790 Wortegem-Petegem
- Names & denominations
- MAERKELINDEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 1988
- Peppol
- Active · Active since 23 Mar 2026
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
Boekhouders en boekhouders-fiscalisten
Activiteiten van holdings
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Portefeuillemaatschappijen
Holdings