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 4 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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARAGA from Ukkel, company number BE0632721694, closed financial year 2025 with a result of € -963 after tax. For that financial year MARAGA recorded a gross margin of € 42 and equity of € -56,746. Compared with financial year 2024, the result moved from € -6,733 to € -963. 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 August 31, 2026.
€ -56,746
▼ € 963 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -963
▲ 86 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,052
▲ € 849 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -81,746.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,738
▲ € 4,778 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,034
▲ € 2,032 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -9,523 | € -7,621 | € -6,191 | € 42 | ▲ € 6,233 |
| Profit after taxes | € -10,034 | € -8,169 | € -6,733 | € -963 | ▲ € 5,770 |
| Equity | € -40,881 | € -49,050 | € -55,783 | € -56,746 | ▼ € 963 |
| Total debts | € 41,958 | € 49,847 | € 56,784 | € 63,970 | ▲ 13% |
| Cash | € 179 | € 217 | € 203 | € 1,052 | ▲ € 849 |
| Retained profit | € -65,881 | € -74,050 | € -80,783 | € -81,746 | ▼ € 963 |
| Balance sheet total | € 1,077 | € 797 | € 1,001 | € 7,225 | ▲ € 6,223 |
Key figures of MARAGA, 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 MARAGA?
What happened at MARAGA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 963. filed late Source: NBB ↗
- Gerald Demaret became a director. NBB
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,034 loss in 2022 to € 963 loss in 2025.
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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
Directors
According to the 2025 annual accounts
Gerald Demaret
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Prins van Oranjelaan 166
1180 Ukkel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0632.721.694
- VAT number
- BE 0632.721.694
- Registered office
- Prins van Oranjelaan 166, 1180 Ukkel
- Names & denominations
- MARAGA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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