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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARASA from Merelbeke, company number BE0449242929, closed financial year 2025 with a result of € 8,563 after tax. For that financial year MARASA recorded a gross margin of € 17,131 and equity of € -136,407. Compared with financial year 2024, the result moved from € 16,032 to € 8,563. The company is profitable. 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 August 31, 2026.
€ -136,407
▲ € 8,563 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,563
▼ 47% vs 2024
Profit after tax over the fiscal year.
€ 12,040
▼ 13% 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 € -198,407.
People and assets in 2025
€ 18,008
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,904
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,260 | € 13,804 | € 23,077 | € 17,131 | ▼ 26% |
| Profit after taxes | € 11,459 | € 10,818 | € 16,032 | € 8,563 | ▼ 47% |
| Equity | € -171,821 | € -161,002 | € -144,970 | € -136,407 | ▲ € 8,563 |
| Total debts | € 191,380 | € 180,120 | € 185,442 | € 181,150 | ▼ 2% |
| Cash | € 19,259 | € 18,799 | € 13,895 | € 12,040 | ▼ 13% |
| Retained profit | € -233,821 | € -223,002 | € -206,970 | € -198,407 | ▲ € 8,563 |
| Balance sheet total | € 19,559 | € 19,118 | € 40,472 | € 44,743 | ▲ 11% |
Key figures of MARASA, 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 MARASA?
What happened at MARASA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,563 (▼ 47% vs 2024). filed late Source: NBB ↗
- New establishment in Merelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,459 profit in 2022 to € 8,563 profit in 2025.
Best year ever: 2024, with € 16,032 profit.
Establishments
Establishment units
Physical locations of this company
Zonneveld 20-22
9820 Merelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0449.242.929
- VAT number
- BE 0449.242.929
- Registered office
- Zonneveld 20-22, 9820 Merelbeke
- Names & denominations
- MARASA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 1993
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
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