MARSAN

Active

Private limited companyfounded 198541 yrs activeDenneboslaan 20, 1180 Ukkel, BelgiumKBO/BCE: BE 0426.847.213

Summary

MARSAN has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€624,959) and a net result of €36,856. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 9986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch Report Compare

MARSANActiveChecked score 53/100

Risk analysis Report Compare

What they do

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716NACE 70203

2 sites

How big

€614,149turnover 2025

Staff: 1.1 FTE
Equity: -€624,959
Profit: €36,856

Financially healthy?

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.6%

Who decides

Parent: BJYC INVEST · 100%

Accounts filed 31 d late0 of 6 deeds read

Why 53- Higher-failure-rate region- Multiple establishment units- Annual accounts: weaker financial profile- Weak solvency vs sector+ Lower-failure-rate sector+ Long track recordFiled after the deadlineShow the evidence

Checked score

Score 2025

53 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability58▲+58

Solvency0=

Growth72▲+17

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 3.06 against 0.29 in 2024; short-term debt: 30.8% and cash: 18.7% of total assets), but equity is negative.

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Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-125.5%

Return on assets

7.4%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9986 sector peers (2025).

NBB · sector comparison

Position among 9986 sector peers

Solvency

better than 5%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

31 d late

2024

19 d late

2023

91 d late

2022

8 d late

2021

11 d late

2020

29 d late

2019

31 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

31-08-26 Annual accounts filedfiscal year 2025 · abbreviated…
31-12-25 Back to profitnet €36,856
31-12-25 Liquidity times 11current ratio 3.06

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€624,959 View
Caution: Among the weakest 5% on solvencysector median 31.3% · 9,986 companies -125.5% View
Positive: Back in profit in 2025after -€788,950 in 2024 €36,856 View
Controlled by BJYC INVESTknown shareholders 100% 100% View