Financials · financial year 2026, micro format
Annual accounts 2026 filed on 29-09-2026 at the NBB all 17 filings
Equity
€8.7m▲ 1.7%
2025 · €8.5m
Net result
€147,238▼ 97.6%
2025 · €6.2m
Total assets
€20.6m▲ 76.2%
2025 · €11.7m
Solvency
42.1%▼ 30.8pp
2025 · 72.9%
In the rankings
#6 company by total assets in Brasschaat, Finance and insurance sector#9 company by equity in Brasschaat, Finance and insurance sector
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is 43% lower than in 2025. It is the second fall in a row.
Operating result€0.1m
2026
Net result€0.1m
2026
Total assets€20.6m
2026
Equity€8.7m
2026
Debt€11.9m
2026
Working capital€0.6m
2026
Return on assets (ROA)0.7%
2026
Solvency42.1%
2026
Current ratio1.22
2026
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.003m-€0.01m▲ 393%€0.01m▼ 5.7%€0.09m▲ 604%€0.2m▲ 90.4%€0.3m▲ 73.8%€0.2m▼ 40.8%€0.1m▼ 43.3%
Net result€0.002m-€0.001m▼ 57.3%€0.001mbelow the sector's middle half▼ 8.0%€0.8mabove the sector's middle half▲ 1,108×€0.8mabove the sector's middle half▲ 0.3%€0.7mabove the sector's middle half▼ 12.4%€6.2mabove the sector's middle half▲ 792%€0.1m▼ 97.6%
Equity€0.02m-€0.02m▲ 4.6%€0.02mbelow the sector's middle half▲ 4.1%€0.8mabove the sector's middle half▲ 44×€1.6mabove the sector's middle half▲ 98.0%€2.3mabove the sector's middle half▲ 43.4%€8.5mabove the sector's middle half▲ 270%€8.7m▲ 1.7%
Total assets€0.05m-€1.1m▲ 24×€1.1mabove the sector's middle half▲ 0.4%€7.2mabove the sector's middle half▲ 576%€7.9mabove the sector's middle half▲ 9.3%€8.0mabove the sector's middle half▲ 1.3%€11.7mabove the sector's middle half▲ 45.8%€20.6m▲ 76.2%
Debt€0.03m-€1.0m▲ 37×€1.1m▲ 0.4%€6.4m▲ 510%€6.3m▼ 1.9%€5.7m▼ 9.4%€3.2m▼ 44.6%€11.9m▲ 277%
Working capital-€0.03m--€0.04m▼ 38.4%-€0.02mwithin the sector's middle half▲ 37.4%-€1.0mbelow the sector's middle half▼ 4,259%-€0.8mbelow the sector's middle half▲ 17.1%-€0.7mbelow the sector's middle half▲ 19.2%€7.7mabove the sector's middle half€0.6m▼ 91.6%
Solvency37.1%-1.6%▼ 35.4pp1.7%below the sector's middle half▲ 0.1pp11.2%below the sector's middle half▲ 9.5pp20.3%below the sector's middle half▲ 9.1pp28.7%within the sector's middle half▲ 8.4pp72.9%within the sector's middle half▲ 44.2pp42.1%▼ 30.8pp
Current ratio0.04-0.26▲ 0.220.45below the sector's middle half▲ 0.190.18below the sector's middle half▼ 0.270.47below the sector's middle half▲ 0.290.57below the sector's middle half▲ 0.098.85above the sector's middle half▲ 8.281.22▼ 7.63
Return on assets (ROA)4.0%-0.1%▼ 4.0pp0.1%below the sector's middle half=11.0%within the sector's middle half▲ 10.9pp10.1%within the sector's middle half▼ 0.9pp8.7%within the sector's middle half▼ 1.4pp53.2%above the sector's middle half▲ 44.5pp0.7%▼ 52.5pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €20.6m
Fixed assets
€17.0m ▲ 463%
Current assets
€3.5m ▼ 59.1%
Equity and liabilities €20.6m
Equity
€8.7m ▲ 1.7%
Debt
€11.9m ▲ 277%
Debt's share of the balance-sheet total rises from 27.1% to 57.9%. Equity and debt are higher.
Key figures and ratios
ROE
1.7%▼
2025 · 73.0%
Debt ≤ 1 year
€2.9m▲
2025 · €976,800
Debt > 1 year
€9.0m▲
2025 · €2.2m
Income taxes
€687▼
2025 · €21,144
Staff costs
€3,860
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
These companies have the same main activity as MARMACO: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €13m and €26m, founded between 2006 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| MARMACO Brasschaat | 2008 | €20.6m | €8.7m | €0.2m | €0.1m | - | 2026 |
| DANA HOLDING Gent | 2007 | €20.0m | €19.8m | €0.2m | -€0.03m | 4.6 | 2025 |
| FATES Destelbergen | 2007 | €16.3m | €9.6m | €0.2m | €0.04m | 0 | 2025 |
| ALIMA INVEST Antwerpen | 2007 | €19.4m | €11.7m | €0.2m | €0.1m | 0.3 | 2025 |
| THREADLINE BELGIUM Antwerpen | 2008 | €13.2m | €1.7m | €0.2m | -€0.01m | - | 2025 |
| HOF VAN RAMEYEN Berlaar | 2008 | €19.2m | €14.7m | €0.3m | -€0.009m | 3.2 | 2025 |
| HOLDING TIAN Brecht | 2006 | €26.1m | €25.0m | €0.3m | €0.9m | 5.3 | 2025 |
They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €3,024 awarded · €2,142 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €0 | €630 |
| 2024 | 1 | €3,024 | €1,512 |
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €0.004m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.03m | €0.001m | €0.05m | €0.08m | €0.05m | €0.05m | €0.06m | ▲ 8.0% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.006m | €0.008m | €0.01m | €0.008m | ▼ 27.0% |
| Gross operating margin9900 | €0.009m | €0.05m | €0.02m | €0.1m | €0.3m | €0.4m | €0.2m | €0.2m | ▼ 29.5% |
| Operating profit (loss)9901 | €0.003m | €0.01m | €0.01m | €0.09m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 43.3% |
| Financial income75/76B | - | - | - | €0.8m | €0.8m | €0.6m | €6.2m | €0.4m | ▼ 94.1% |
| Recurring financial income75 | - | - | - | €0.8m | €0.8m | €0.6m | €6.2m | €0.4m | ▼ 94.1% |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 148% |
| Recurring financial charges65 | €206 | €0.01m | €0.01m | €0.1m | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €0.003m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| Income taxes67/77 | €0.001m | €358 | €260 | €314 | €437 | €0.03m | €0.02m | €0.001m | ▼ 96.8% |
| Profit (loss) for the period9904 | €0.002m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €0.002m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.05m | €1.1m | €1.1m | €7.2m | €7.9m | €8.0m | €11.7m | €20.6m | ▲ 76.2% |
| Fixed assets21/28 | €0.04m | €1.1m | €1.1m | €7.0m | €7.1m | €7.1m | €3.0m | €17.0m | ▲ 463% |
| Tangible fixed assets22/27 | €0.04m | €1.1m | €1.1m | €1.0m | €1.1m | €1.1m | €1.2m | €1.4m | ▲ 11.8% |
| Land and buildings22 | - | - | - | €1.0m | €1.1m | €1.1m | €1.2m | €1.4m | ▲ 10.7% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.004m | €0.003m | €0.004m | ▲ 52.6% |
| Other tangible fixed assets26 | - | - | - | - | - | - | - | €0.01m | - |
| Financial fixed assets28 | - | - | - | €6.0m | €6.0m | €6.0m | €1.8m | €15.6m | ▲ 777% |
| Current assets29/58 | €0.001m | €0.01m | €0.02m | €0.2m | €0.8m | €0.9m | €8.6m | €3.5m | ▼ 59.1% |
| Amounts receivable within one year40/41 | - | €0.01m | €0.02m | €0.1m | €0.3m | €0.5m | €3.9m | €3.5m | ▼ 10.6% |
| Trade receivables40 | - | - | - | €0.1m | - | €0.02m | €0.07m | - | - |
| Other amounts receivable41 | - | - | - | €176 | €0.3m | €0.5m | €3.8m | €3.5m | ▼ 8.8% |
| Current investments50/53 | - | - | - | - | - | - | €4.5m | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.003m | €0.002m | €0.1m | €0.5m | €0.4m | €0.3m | €0.05m | ▼ 78.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.001m | €0.001m | €0.007m | ▲ 652% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.05m | €1.1m | €1.1m | €7.2m | €7.9m | €8.0m | €11.7m | €20.6m | ▲ 76.2% |
| Equity10/15 | €0.02m | €0.02m | €0.02m | €0.8m | €1.6m | €2.3m | €8.5m | €8.7m | ▲ 1.7% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.8m | €1.6m | €2.3m | €8.5m | €8.7m | ▲ 1.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.8m | €1.6m | €2.3m | €8.5m | €8.6m | ▲ 1.8% |
| Profit (loss) carried forward14 | - | - | - | €249 | €0.002m | €0.003m | €0.003m | €0.001m | ▼ 66.5% |
| Amounts payable17/49 | €0.03m | €1.0m | €1.1m | €6.4m | €6.3m | €5.7m | €3.2m | €11.9m | ▲ 277% |
| Amounts payable after more than one year17 | - | €1.0m | €1.0m | €5.2m | €4.7m | €4.1m | €2.2m | €9.0m | ▲ 312% |
| Financial debts170/4 | - | - | - | €3.9m | €3.5m | €2.9m | €2.2m | €9.0m | ▲ 312% |
| Other amounts payable178/9 | - | - | - | €1.2m | €1.2m | €1.2m | - | - | - |
| Amounts payable within one year42/48 | €0.03m | €0.05m | €0.04m | €1.3m | €1.6m | €1.6m | €1.0m | €2.9m | ▲ 197% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.6m | €0.6m | €0.6m | €0.1m | €1.3m | ▲ 782% |
| Financial debts43 | - | - | - | €0.2m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | - | - | - | - | - |
| Trade debts44 | €0.001m | €0.001m | €0.004m | €0.002m | €0.02m | €0.001m | €0.004m | €0.003m | ▼ 17.4% |
| Suppliers440/4 | - | - | - | €0.002m | €0.02m | €0.001m | €0.004m | €0.003m | ▼ 17.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | ▲ 0.8% |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.002m | €0.001m | €0.005m | €0.005m | ▲ 0.6% |
| Other amounts payable47/48 | - | - | - | €0.5m | €1.0m | €1.0m | €0.8m | €1.6m | ▲ 94.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | €0.001m | €0.001m | €0.8m | €0.8m | €0.7m | €6.2m | €0.1m | ▼ 97.6% |
| + Depreciation and write-downs630 | €0.005m | €0.03m | €0.001m | €0.05m | €0.08m | €0.05m | €0.05m | €0.06m | ▲ 8.0% |
| Operating cash flow (approximation) | €0.007m | €0.03m | €0.002m | €0.8m | €0.9m | €0.8m | €6.3m | €0.2m | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | -€1.0m | €0 | -€6.0m | -€0.2m | -€0.02m | €4.0m | -€14.1m | - |
| Change in cash | - | €0.002m | -€0.001m | €0.1m | €0.4m | -€0.09m | -€0.2m | -€0.2m | ▼ 33.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-09-2026 | 2026-00528934 | NBB |
| 31-03-2025 | micro format | 30-09-2025 | 2025-00512789 | |
| 31-03-2024 | micro format | 20-09-2024 | 2024-00466049 | |
| 31-03-2023 | micro format | 19-09-2023 | 2023-00448430 | |
| 31-03-2022 | micro format | 20-09-2022 | 2022-20431559 | |
| 31-03-2021 | micro format | 21-09-2021 | 2021-67700067 | |
| 31-03-2020 | micro format | 05-10-2020 | 2020-58400345 | |
| 31-03-2019 | micro format | 23-09-2019 | 2019-65100061 | |
| 31-03-2018 | micro format | 19-09-2018 | 2018-63300430 | |
| 31-03-2017 | abbreviated format | 20-09-2017 | 2017-61300146 |