MARS 5
Annual accounts 2025
micro format, filed on 29-04-2026, 1 day before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €227,135 on 30-09-2025in euro
in euro
Position in the sector
14.7%
Higher than 20% of 39,376 companies in 2025.
0.55
Higher than 12% of 38,058 companies in 2025.
-39.5%
Lower than 95% of 38,530 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
227,135 | 228,129 | 185,069 | 178,332 | 221,099 | 249,946 | 255,211 | 139,194 | 40,163 | 45,572 | 50,139 | 52,924 | 222,719 | 284,885 | 194,108 | 76,728 | 362,969 | 124,806 | |
21/28 |
120,694 | 126,510 | 62,397 | 61,245 | 59,805 | 68,993 | 69,487 | 50,292 | 39,514 | 40,309 | 42,408 | 43,901 | 93,955 | 97,896 | 33,942 | 34,948 | 48,604 | 52,996 | |
22/27 |
110,694 | 116,510 | 52,397 | 51,245 | 49,805 | 58,993 | 59,487 | 40,792 | 39,514 | 40,309 | 42,408 | 43,901 | 43,961 | 44,902 | 30,942 | 31,948 | 45,604 | 49,996 | |
22 |
18,852 | 11,956 | 12,379 | 12,802 | 13,225 | 13,648 | 14,071 | 14,494 | 14,917 | 15,340 | 15,764 | 16,186 | 16,609 | 17,032 | 6,855 | - | - | - | |
23 |
- | - | - | - | - | - | - | - | 712 | 1,423 | 2,135 | 2,846 | 3,558 | 4,269 | 4,981 | 6,151 | 7,308 | - | |
24 |
26,481 | 39,193 | 4,657 | 3,082 | 1,219 | 9,984 | 19,320 | 202 | 469 | 220 | 1,183 | 1,543 | 468 | 275 | 1,525 | 14,335 | 26,834 | 38,534 | |
26 |
65,361 | 65,361 | 35,361 | 35,361 | 35,361 | 35,361 | 26,096 | 26,096 | 23,416 | 23,326 | 23,326 | 23,326 | 23,326 | 23,326 | 17,581 | 11,462 | 11,462 | 11,462 | |
28 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 9,500 | - | - | - | - | 49,994 | 52,994 | 3,000 | 3,000 | 3,000 | 3,000 | |
29/58 |
106,441 | 101,619 | 122,672 | 117,087 | 161,294 | 180,953 | 185,724 | 88,902 | 649 | 5,263 | 7,731 | 9,023 | 128,764 | 186,989 | 160,166 | 41,780 | 314,365 | 71,810 | |
3 |
- | 5,942 | 5,942 | 3,580 | 2,331 | 2,731 | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
- | 5,942 | 5,942 | 3,580 | 2,331 | 2,731 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
106,259 | 95,199 | 104,435 | 103,820 | 146,765 | 165,636 | 147,985 | 80,332 | 347 | 1,327 | 6,831 | - | 110,671 | 184,055 | 107,605 | 26,585 | 104,750 | 37,305 | |
40 |
1,356 | - | - | - | 12,000 | 48,000 | 48,000 | - | - | 169 | 6,317 | - | - | 37,653 | 71 | - | 13,831 | 9,831 | |
41 |
104,903 | 95,199 | 104,435 | 103,820 | 134,765 | 117,636 | 99,985 | 80,332 | 347 | 1,158 | 514 | - | 110,671 | 146,402 | 107,534 | 26,585 | 90,919 | 27,475 | |
54/58 |
182 | 478 | 12,077 | 9,687 | 12,062 | 12,149 | 37,302 | 8,285 | 127 | 3,696 | 665 | 8,877 | 7,696 | 2,840 | 52,470 | 14,055 | 209,615 | 34,505 | |
490/1 |
- | - | 218 | - | 136 | 437 | 437 | 285 | 175 | 240 | 235 | 146 | 10,397 | 94 | 91 | 1,140 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
227,135 | 228,129 | 185,069 | 178,332 | 221,099 | 249,946 | 255,211 | 139,194 | 40,163 | 45,572 | 50,139 | 52,924 | 222,719 | 284,885 | 194,108 | 76,728 | 362,969 | 124,806 | |
10/15 |
33,318 | 122,957 | 131,785 | 115,786 | 79,052 | 56,920 | 26,900 | 18,389 | 5,362 | -18,603 | -17,437 | 16,688 | 22,805 | 34,598 | 27,349 | 31,600 | 104,044 | 70,589 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
112,860 | 112,860 | 112,860 | 96,860 | 61,860 | 41,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
111,000 | 111,000 | 111,000 | 95,000 | 60,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-85,742 | 3,897 | 12,725 | 12,726 | 10,992 | 8,860 | 18,840 | 10,329 | -2,698 | -26,663 | -25,497 | 8,628 | 14,745 | 26,538 | 19,289 | 23,540 | 95,984 | 62,529 | |
17/49 |
193,817 | 105,172 | 53,284 | 62,546 | 142,047 | 193,026 | 228,311 | 120,805 | 34,801 | 64,175 | 67,576 | 36,236 | 199,914 | 250,287 | 166,759 | 45,128 | 258,925 | 54,217 | |
17 |
- | - | - | - | 80,000 | 80,000 | 80,000 | 80,000 | - | - | - | - | - | - | - | - | - | - | |
170/4 |
- | - | - | - | 80,000 | 80,000 | 80,000 | 80,000 | - | - | - | - | - | - | - | - | - | - | |
42/48 |
193,817 | 105,172 | 53,284 | 62,546 | 62,047 | 77,026 | 78,311 | 40,805 | 34,801 | 64,175 | 67,576 | 36,236 | 199,914 | 250,287 | 166,759 | 42,952 | 69,630 | 54,217 | |
43 |
- | - | - | - | - | - | - | - | 33 | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 33 | - | - | - | - | - | - | - | - | - | |
44 |
5,959 | 7,954 | 8,232 | 1,083 | 9,376 | 6,587 | 6,697 | 9,379 | 821 | 5,279 | 26,111 | 6,842 | 86,637 | 48,393 | 30,610 | 2,901 | 1,030 | 1,707 | |
440/4 |
5,959 | 7,954 | 8,232 | 1,083 | 9,376 | 6,587 | 6,697 | 9,379 | 821 | 5,279 | 26,111 | 6,842 | 86,637 | 28,393 | 3,110 | 2,901 | 1,030 | 1,707 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | 27,500 | - | - | - | |
45 |
- | 2,213 | 34,933 | 38,574 | 25,671 | 43,439 | 28,067 | 3,941 | 282 | 502 | 324 | 9,522 | 43,277 | 81,894 | 64,149 | 40,051 | 68,600 | 52,510 | |
450/3 |
- | 2,213 | 34,933 | 38,574 | 25,671 | 43,439 | 28,067 | 3,941 | 282 | 502 | 324 | 9,522 | 43,277 | 81,894 | 64,149 | 40,051 | 68,600 | 52,510 | |
47/48 |
187,858 | 95,005 | 10,119 | 22,889 | 27,000 | 27,000 | 43,547 | 27,485 | 33,665 | 58,394 | 41,141 | 19,872 | 70,000 | 120,000 | 72,000 | - | - | - | |
492/3 |
- | - | - | - | - | 36,000 | 70,000 | - | - | - | - | - | - | - | - | 2,176 | 189,295 | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 293,599 | - | - | - | - | - | - | - | - | - | |
76A |
- | - | - | - | - | - | - | - | - | - | - | 42,852 | - | - | - | - | - | - | |
9900 |
-74,430 | 8,507 | 30,165 | 63,867 | 83,723 | 103,031 | 72,082 | 19,450 | 26,978 | 2,504 | -30,737 | -44,583 | 84,873 | 196,082 | 120,859 | -5,395 | 62,035 | 125,700 | |
60/61 |
- | - | - | - | - | - | - | - | 271,714 | - | - | - | - | - | - | - | - | - | |
630 |
13,317 | 10,315 | 2,783 | 1,739 | 10,315 | 10,280 | 10,131 | 1,471 | 1,589 | 2,008 | 2,022 | 2,022 | 1,230 | 4,268 | 14,149 | 14,758 | 14,467 | 12,951 | |
640/8 |
620 | 2,189 | 644 | 652 | 628 | 959 | 1,362 | 513 | 812 | 1,138 | 821 | 1,024 | 714 | 1,048 | 600 | 1,037 | 761 | 3,113 | |
66A |
- | - | - | - | - | - | - | 235 | - | - | - | - | - | - | - | - | - | 573 | |
9901 |
-88,367 | -3,997 | 26,738 | 61,476 | 72,780 | 91,792 | 60,589 | 17,231 | 24,577 | -642 | -33,580 | -47,629 | 82,929 | 190,766 | 106,110 | -21,190 | 46,807 | 109,636 | |
75/76B |
- | 7 | 7 | - | 2,164 | 75 | - | 1 | 8 | 27 | 11 | 207 | 10,831 | 10,304 | 5,489 | 16,453 | 8,086 | 759 | |
75 |
- | 7 | 7 | - | 2,164 | 75 | - | 1 | 8 | 27 | 11 | 207 | 10,831 | 10,304 | 5,489 | 16,453 | 8,086 | 759 | |
65/66B |
336 | 205 | 547 | 190 | 128 | 124 | 952 | 264 | 338 | 268 | 274 | 1,342 | 162 | 860 | 149 | 505 | 138 | 412 | |
65 |
336 | 205 | 547 | 190 | 128 | 124 | 952 | 264 | 338 | 268 | 274 | 1,342 | 162 | 860 | 149 | 505 | 138 | 412 | |
9903 |
-88,703 | -4,195 | 26,198 | 61,286 | 74,816 | 91,743 | 59,637 | 16,968 | 24,247 | -883 | -33,843 | -5,912 | 93,598 | 200,210 | 111,450 | -5,242 | 54,755 | 109,411 | |
67/77 |
936 | 4,633 | 10,199 | 24,552 | 10,684 | 19,723 | 9,125 | 3,941 | 282 | 283 | 282 | 205 | 35,391 | 72,961 | 43,701 | 5,202 | 21,300 | 47,397 | |
9904 |
-89,639 | -8,828 | 15,999 | 36,734 | 64,132 | 72,020 | 50,512 | 13,027 | 23,965 | -1,166 | -34,125 | -6,117 | 58,207 | 127,249 | 67,749 | -10,444 | 33,455 | 62,014 | |
9905 |
-89,639 | -8,828 | 15,999 | 36,734 | 64,132 | 72,020 | 50,512 | 13,027 | 23,965 | -1,166 | -34,125 | -6,117 | 58,207 | 127,249 | 67,749 | -10,444 | 33,455 | 62,014 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-85,742 | 3,897 | 28,725 | 47,726 | 72,992 | 90,860 | 60,840 | 10,329 | -2,698 | -26,663 | -25,497 | 8,628 | 84,745 | 146,538 | 91,289 | 85,540 | 95,984 | 78,520 | |
14P |
3,897 | 12,725 | 12,726 | 10,992 | 8,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 16,000 | 35,000 | 20,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | 991 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 991 | |
6921 |
- | - | 16,000 | 35,000 | 20,000 | 40,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | 42,000 | 42,000 | 42,000 | - | - | - | - | - | 70,000 | 120,000 | 72,000 | 62,000 | - | 15,000 | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | 70,000 | 120,000 | 72,000 | 62,000 | - | 15,000 | |
695 |
- | - | - | - | 42,000 | 42,000 | 42,000 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for financial year 2007 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00092927 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00085049 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00078647 | |
| 30-09-2022 | micro format | 02-05-2023 | 2023-00081910 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20018555 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-12500432 | |
| 30-09-2019 | micro format | 12-05-2020 | 2020-12000037 | |
| 30-09-2018 | micro format | 02-05-2019 | 2019-11900305 | |
| 30-09-2017 | micro format | 16-05-2018 | 2018-13000120 | |
| 30-09-2016 | full format | 29-03-2017 | 2017-07600176 | |
| 30-09-2015 | full format | 07-04-2016 | 2016-09700145 | |
| 30-09-2014 | full format | 24-03-2015 | 2015-07000039 | |
| 30-09-2013 | full format | 12-05-2014 | 2014-12100002 | |
| 30-09-2012 | full format | 30-04-2013 | 2013-11100497 | |
| 30-09-2011 | full format | 27-04-2012 | 2012-10000215 | |
| 30-09-2010 | full format | 15-04-2011 | 2011-08500374 | |
| 30-09-2009 | full format | 27-08-2010 | 2010-46800350 | |
| 30-09-2008 | full format | 11-06-2009 | 2009-21900334 | |
| 30-09-2007 | full format | 27-03-2008 | 2008-07700177 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -75,050 | 6,318 | 29,521 | 63,215 | 83,095 | 102,072 | 70,720 | 18,702 | 26,166 | 1,366 | -31,558 | -45,607 | 84,159 | 195,034 | 120,259 | -6,432 | 61,274 | 122,587 | ||
| -76,322 | 1,487 | 18,782 | 38,473 | 74,447 | 82,300 | 60,643 | 14,498 | 25,554 | 842 | -32,103 | -4,095 | 59,437 | 131,517 | 81,898 | 4,314 | 47,922 | 74,965 | ||
| 7,501 | 74,427 | 3,935 | 3,179 | 1,127 | 9,786 | 29,326 | 12,484 | 794 | -91 | 529 | 1,962 | 289 | 68,222 | 13,143 | 1,102 | 10,076 | 60,769 | ||
| -296 | -11,599 | 2,390 | -2,375 | -87 | -25,153 | 29,017 | 8,158 | -3,569 | 3,031 | -8,212 | 1,181 | 4,856 | -49,630 | 38,415 | -195,560 | 175,110 | - | ||
| -87,376 | -3,553 | 69,388 | 54,541 | 99,247 | 103,927 | 107,413 | 48,097 | -34,152 | -58,912 | -59,845 | -27,213 | -71,150 | -63,298 | -6,593 | -1,172 | 244,734 | 17,594 | ||
| - | - | - | - | - | - | - | - | 8.4% | - | - | - | - | - | - | - | - | - | ||
| 14.7% | 53.9% | 71.2% | 64.9% | 35.8% | 22.8% | 10.5% | 13.2% | 13.4% | -40.8% | -34.8% | 31.5% | 10.2% | 12.1% | 14.1% | 41.2% | 28.7% | 56.6% | ||
| 0.55 | 0.97 | 2.30 | 1.87 | 2.60 | 2.35 | 2.37 | 2.18 | 0.02 | 0.08 | 0.11 | 0.25 | 0.64 | 0.75 | 0.96 | 0.97 | 4.51 | 1.32 | ||
| 0.55 | 0.91 | 2.19 | 1.81 | 2.56 | 2.31 | 2.37 | 2.18 | 0.02 | 0.08 | 0.11 | 0.25 | 0.64 | 0.75 | 0.96 | 0.97 | 4.51 | 1.32 | ||
| 5.82 | 0.86 | 0.40 | 0.54 | 1.80 | 3.39 | 8.49 | 6.57 | 6.49 | - | - | 2.17 | 8.77 | 7.23 | 6.10 | 1.43 | 2.49 | 0.77 | ||
| -269.0% | -7.2% | 12.1% | 31.7% | 81.1% | 126.5% | 187.8% | 70.8% | 446.9% | - | - | -36.7% | 255.2% | 367.8% | 247.7% | -33.1% | 32.2% | 87.9% | ||
| -39.5% | -3.9% | 8.6% | 20.6% | 29.0% | 28.8% | 19.8% | 9.4% | 59.7% | -2.6% | -68.1% | -11.6% | 26.1% | 44.7% | 34.9% | -13.6% | 9.2% | 49.7% | ||
| -223.36 | 30.82 | 53.97 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 0 days | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 1 day | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,501 | €74,427 | €3,935 | €3,179 | €1,127 |
| €13,317 | €10,315 | €2,783 | €1,739 | €10,315 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MARS 5
The operating result for 2025 is a loss of €88,367, larger than the loss of €3,997 in 2024. It is the lowest result since 2008.
Debt's share of the balance-sheet total rises from 46.1% to 85.3%. Equity is lower and debt is higher.