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 54 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
MARAG from Wuustwezel, company number BE0866187333, closed financial year 2026 with a result of € 14,116 after tax. For that financial year MARAG recorded a gross margin of € 145,915 and equity of € 1.3 million. Compared with financial year 2025, the result moved from € 100,980 to € 14,116. The company is profitable. 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 October 22, 2026.
€ 1.3 million
▲ 1% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,116
▼ 86% vs 2025
Profit after tax over the fiscal year.
€ 178
▼ 98% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 80,835.
Debts at end 2026
€ 57,405
▼ 44% vs 2025
€ 25,513 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 42,921
▲ 55% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 173,126 | € 238,327 | € 244,258 | € 145,915 | ▼ 40% |
| Profit after taxes | € 64,129 | € 136,617 | € 100,980 | € 14,116 | ▼ 86% |
| Equity | € 136,089 | € 1,205,161 | € 1,306,142 | € 1,320,258 | ▲ 1% |
| Total debts | € 576,511 | € 521,313 | € 490,710 | € 451,762 | ▼ 8% |
| Cash | € 7,219 | € 33,287 | € 11,727 | € 178 | ▼ 98% |
| Land & buildings | € 403,344 | € 1,288,842 | € 1,165,199 | € 1,041,555 | ▼ 11% |
| Retained profit | € -333,711 | € -193,940 | € -13,121 | € 80,835 | ▲ € 93,956 |
| Bank debt | € 206,845 | € 155,904 | € 102,185 | € 57,405 | ▼ 44% |
| Balance sheet total | € 712,600 | € 1,726,474 | € 1,796,851 | € 1,772,020 | ▼ 1% |
Key figures of MARAG, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 January 2028.
What happened to MARAG?
What happened at MARAG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 14,116 (▼ 86% vs 2025). Source: NBB ↗
- New establishment in Wuustwezel. KBO
- Luc Van Hoydonck became a director. NBB
- New establishment in Merksplas. KBO
- Start of the company according to the CBE. KBO
In short
From € 64,129 profit in 2023 to € 14,116 profit in 2026.
Best year ever: 2024, with € 136,617 profit.
Management
Behind MARAG is Luc Van Hoydonck.
Directors
According to the 2026 annual accounts
Luc Van Hoydonck
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Bredabaan (Centrum) 258 box 2
2990 Wuustwezel
Eindepoel 12 box A
2330 Merksplas
Active since 4 June 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0866.187.333
- VAT number
- BE 0866.187.333
- Registered office
- Bredabaan (Centrum) 258 bus 2, 2990 Wuustwezel
- Names & denominations
- MARAG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2004
- Peppol
- Active · Active since 19 May 2025
- Activities · NACE
Fokvarkenshouderijen
Fokvarkenshouderij
Varkensvetmesterijen
Kippenkwekerijen
Fokken en houden van melkvee
Teelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden
Rundveehouderij