Financials
- Financial year
- 2025
- Turnover
- €129.7m
- Profit
- €4.8m
- Solvency
- 12.3%
Turnover▼ 10.9%
Net result
20182025
Summary
MARSH is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €56.6m and a net result of €4.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 598 sector peers (NACE 66, financial year 2025). The company has been active since 1950 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Insurance agents and brokers
NACE 66220
Largest employer in the Brussels-Capital Region, Auxiliary financial services sector5 sites
Size
€129.7mturnover 2025
- Staff
- 266.2 FTE
- Equity
- €56.6m
- Profit
- €4.8m
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- Parent
- Calm Treasury Holdings Limited · 100%
- Board
- 6 members
- Kristof De BremmeDaily manager
Auditor: Deloitte Réviseurs EntreprisesAccounts filed 55 days late
Signalsraises riskWeak solvency vs sectorneutralFiled after the deadlineShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 598 sector peers (2025).
NBB · sector comparisonPosition among 598 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
55 days late
2024
29 days early
2023
26 days early
2022
3 days late
2021
34 days early
2020
157 days late
2019
76 days 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 29 days after the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
- Reappointments: Deloitte. Réviseurs d'Entreprise (statutory auditor)…Resignation: Goedele VAN DER LINDEN…
- Annual accounts filedfinancial year 2025 · full…
- Amendment of the articlesShare cancellation · Power of…
Key points
- Caution: Result fell in 2025from €20.2m to €4.8m ▼ 76.0% View
- Positive: Largest employer in the Brussels-Capital Region, Auxiliary financial services sectorin the Checked rankings No. 1 View
- Board changedlatest change 02-10-2026 · 6 in office 3 joined · 1 left View
- Controlled by Calm Treasury Holdings Limited 100% View
- EU supportawarded from 2021 to 2025 €1.4m View
- Active since 1950founded 05-01-1950 76 years View
By topic
Board & ownership
- Board
- 6 members
- Parent
- Calm Treasury Holdings Limited · 100%
- Auditor
- Deloitte Réviseurs Entreprises
- Jean-François TONDREAUDirector
- Kristof De BremmeDaily manager
- Erik PöplowDirector
- Mariana LAPADATONIDirector
- Mathieu VERLEYENDirector
and 1 other director
Network & group
- Connected companies
- 7
- Mergers and asset contributions
- 2
Timeline
- Events
- 93
- Since
- 1978
- Next accounts
- by 31-07-2027
- 02-07-2025Annual accounts filed
- 13-05-2025Resignation: Alpesh TOSAR (director)
- 17-01-2025Appointment: Deloitte Réviseurs d'Entreprise (commissaire réviseur)
Company details
- Sites
- 5
- Legal form
- Public limited company
- Activity
- Insurance agents and brokersNACE 66220
- Founded
- 05-01-1950
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- “La société a pour objet tous les services de conseil, courtage et représentation en…” (deed in French)
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.