Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARACANA from Sint-Martens-Latem, company number BE0441591510, closed financial year 2025 with a result of € -371,120 after tax. For that financial year MARACANA recorded a gross margin of € 67,450 and equity of € -108,718. Compared with financial year 2024, the result moved from € -378,721 to € -371,120. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ -108,718
▼ € 371,120 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -371,120
▲ 2 % less loss than in 2024
Profit after tax over the fiscal year.
€ 23,829
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
€ 1,801
▼ 21% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 751,424
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.5 million
▲ 80% vs 2024
€ 240,000 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 7,206
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,814
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 193,597 | € 381,169 | € 85,135 | € 67,450 | ▼ 21% |
| Profit after taxes | € -37,664 | € 31,863 | € -378,721 | € -371,120 | ▲ € 7,601 |
| Equity | € 609,259 | € 641,122 | € 262,401 | € -108,718 | ▼ € 371,120 |
| Total debts | € 3,388,662 | € 6,447,991 | € 7,108,883 | € 9,138,778 | ▲ 29% |
| Cash | € 35,568 | € 182,675 | € 35,211 | € 23,829 | ▼ 32% |
| Land & buildings | € 1,620,334 | € 1,812,197 | € 1,848,967 | € 1,740,786 | ▼ 6% |
| Retained profit | € -315,741 | € -283,878 | € -662,599 | € -1,033,718 | ▼ € 371,120 |
| Bank debt | € 2,597,098 | € 5,440,000 | € 4,700,000 | € 8,460,000 | ▲ 80% |
| Balance sheet total | € 3,997,921 | € 7,089,113 | € 7,371,284 | € 9,030,059 | ▲ 23% |
Key figures of MARACANA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to MARACANA?
What happened at MARACANA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 371,120. Source: NBB ↗
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,664 loss in 2022 to € 371,120 loss in 2025.
Best year ever: 2023, with € 31,863 profit.
A new publication or filing at MARACANA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MARACANA are Pierre De Graeve and Frank De Graeve. Frank De Graeve is also behind DG Management & Consulting, SERVICE & DEVELOPMENT GROUP BELGIUM, Hauset Immo, WIREWOOD BENELUX FRANCE and VOS AANNEMINGEN.
Directors
According to the 2025 annual accounts
Pierre De Graeve
Director
Frank De Graeve
Director
Also active at: DG Management & Consulting, SERVICE & DEVELOPMENT GROUP BELGIUM, Hauset Immo, WIREWOOD BENELUX FRANCE, VOS AANNEMINGEN, TELUS PROPERTIES, CARLTON, BRUOCSELLA +9 more
Establishments
Establishment units
Physical locations of this company
Nelemeersstraat 65
9830 Sint-Martens-Latem
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
- 0441.591.510
- VAT number
- BE 0441.591.510
- Registered office
- Nelemeersstraat 65, 9830 Sint-Martens-Latem
- Names & denominations
- MARACANA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 July 1990
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
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