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MARSH

Active Risk: not assessed
Public limited companyfounded 1950active for 76 yearsHerrmann-Debrouxlaan 2, 1160 Oudergem, BelgiumKBO/BCE: BE 0403.276.906
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.

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History

MARSH was incorporated on 5 January 1950.1 The registered office was moved to Brussel in 2015.2 Between 2015 and 2020 the company absorbed TRADE INSURE and Belgibo by merger.34 In 2020 the capital was increased by €14.0m to €163.2m.5 The board currently has 6 members; Jean-François TONDREAU has served longest, since 2017.6 Total assets rose from €342.8m in 2020 to €460.5m in 2025 and headcount from 376 to 266 full-time equivalents.7

  1. 1KBO register
  2. 2Belgian Official Gazette, 01-04-2015
  3. 3Belgian Official Gazette, 15-05-2015
  4. 4Belgian Official Gazette, 03-02-2020
  5. 5Belgian Official Gazette, 29-10-2020
  6. 6Belgian Official Gazette, 16-12-2020
  7. 7National Bank, annual accounts 2020 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
02-10
Gazette deed Reappointments: Deloitte. Réviseurs d'Entreprise (statutory auditor) and Jean-François TONDREAU (director)
Resignation: Goedele VAN DER LINDEN (director) · Appointments: Mieke SPEECKAERT, Mathieu VERLEYEN and Mariana LAPADATONI · Power of attorney9 facts ▸
  • General meeting, 10-09-2026
  • Auditor reappointment, Deloitte. Réviseurs d'Entreprise
  • Director resignation, Goedele VAN DER LINDEN (director)
  • Director reappointment, Jean-François TONDREAU (director)
  • Director appointment, Mieke SPEECKAERT (director)
  • Director appointment, Mathieu VERLEYEN (director)
  • Director appointment, Mariana LAPADATONI (director)
  • Other provision, elected domicile of appointed directors, 2, Avenue Herrmann-Debroux, 1160 Auderghem, Belgique
  • Power of attorney, Leyli TOYJANOVA
24-09
NBB filing Annual accounts filed
financial year 2025 · full format · 55 days late
2025
23-12
Gazette deed Amendment of the articles
Share cancellation · Power of attorney6 facts ▸
  • General meeting, 11-12-2025
  • Other provision, “machtiging inkoop eigen aandelen, EERSTE BESLISSING” (deed in Dutch)
  • Share cancellation, 4287, “vaststelling inkoop en onmiddellijke vernietiging” (deed in Dutch)
  • Amendment of the articles, 5
  • Power of attorney
  • Power of attorney, Tim CARNEWAL
02-07
NBB filing Annual accounts filed
financial year 2024 · full format
13-05
Gazette deed Resignation: Alpesh TOSAR (director)
Appointment: Erik Pöplow (director)3 facts ▸
  • General meeting, 10-04-2025
  • Director resignation, Alpesh TOSAR (director)
  • Director appointment, Erik Pöplow (director)
17-01
Gazette deed Appointment: Deloitte Réviseurs d'Entreprise (commissaire réviseur)
2 facts ▸
  • General meeting, 13-07-2023
  • Auditor appointment, Deloitte Réviseurs d'Entreprise (commissaire réviseur)
2024
30-12
Gazette deed Capital & shares
Share cancellation · Capital decrease · Capital5 facts ▸
  • General meeting, 16-12-2024
  • Share cancellation, “inkoop en onmiddellijke vernietiging” (deed in Dutch)
  • Capital decrease
  • Capital, €14,867,834.22
  • Amendment of the articles
22-10
Gazette deed Resignation: Rebecca Tielemans (director)
Appointment: Kristof De Bremme (director) · Power of attorney7 facts ▸
  • General meeting, 16-09-2024
  • Board meeting, 26-09-2024
  • Director resignation, Rebecca Tielemans (director)
  • Director appointment, Kristof De Bremme (director)
  • Director resignation, Rebecca Tielemans (day-to-day manager)
  • Director appointment, Kristof De Bremme (day-to-day manager)
  • Power of attorney, CMS DeBacker
05-07
NBB filing Annual accounts filed
financial year 2023 · full format
29-05
Gazette deed Appointment: Alpesh TOSAR (director)
4 facts ▸
  • Board meeting, 18-03-2024
  • General meeting, 18-03-2024
  • Director appointment, Alpesh TOSAR (director)
  • Director appointment, Alpesh TOSAR (responsable de la succursale britannique de la société)
2023
31-12
Financial Highest result from 2018 to 2025net €87.2m ▲982%
Operating result €81.5m, net result €87.2m, both a record.
03-08
NBB filing Annual accounts filed
financial year 2022 · full format · 3 days late
Show earlier events
15-05
Gazette deed Resignations: Paul KNOWLES (director) and Gilbert VAN DEN EYNDE (chair)
6 facts ▸
  • Board meeting, 31-12-2022
  • General meeting, 01-01-2023
  • Director resignation, Paul KNOWLES (director)
  • Director resignation, Paul KNOWLES (responsable de la succursale britannique)
  • Director resignation, Gilbert VAN DEN EYNDE (chair)
  • Director resignation, Gilbert VAN DEN EYNDE (director)
2022
31-12
Financial Back to profitnet €8.1m
Net result €8.1m after 2 loss-making years.
27-06
NBB filing Annual accounts filed
financial year 2021 · full format
24-06
Gazette deed Permanent representative: Benjamin Henrion
2 facts ▸
  • General meeting, 02-05-2022
  • Permanent representative, Benjamin Henrion
17-05
Gazette deed Restructuring
Merger · Accounting effect4 facts ▸
  • General meeting, 02-05-2022
  • General meeting, 29-04-2022
  • Merger, 02-05-2022, 01-01-2022
  • Accounting effect, 01-01-2022
17-05
Gazette deed Restructuring
Merger · Accounting effect3 facts ▸
  • General meeting, 02-05-2022
  • Merger
  • Accounting effect, 01-01-2022
25-02
Gazette deed Restructuring
Permanent representative: Luc Verbiest · Merger · Accounting effect5 facts ▸
  • Merger, “geruisloze grensoverschrijdende fusie door overneming”, 01-04-2022 (deed in Dutch)
  • Accounting effect, 01-01-2022
  • Permanent representative, Luc Verbiest
  • Branch establishment, “Marsh NV/SA (Luxembourg Branch)” (deed in Dutch)
  • Shareholding, “geen nieuwe aandelen uitgegeven, geen ruilverhouding”, 6.655 (deed in Dutch)
08-02
Gazette deed Appointment: Deloitte Réviseurs Entreprises (commissaire réviseur)
2 facts ▸
  • General meeting, 09-10-2020
  • Auditor appointment, Deloitte Réviseurs Entreprises (commissaire réviseur)
28-01
Gazette deed Capital & shares · Amendment of the articles
Capital3 facts ▸
  • General meeting, 29-12-2021
  • Capital, €14,867,834.22
  • Amendment of the articles (2 times)
04-01
NBB filing Annual accounts filed
financial year 2020 · full format · 157 days late
2021
22-12
Gazette deed Appointment: Delotte Réviseurs d'Entreprses (statutory auditor)
2 facts ▸
  • General meeting, 09-10-2020
  • Auditor appointment, Delotte Réviseurs d'Entreprses (statutory auditor)
2020
31-12
Financial Weakest financial yearnet -€7.2m
Net result drops to -€7.2m, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €100mequity €158.4m ▲1,310%
Equity rises from €11.2m to €158.4m.
16-12
Gazette deed Resignations: Henri STEYAERT, Carolina KLINT and François THOMAS
Appointments: Rebecca TIELEMANS, Gilbert VAN DEN EYNDE and 2 others · Reappointment: Jean-François TONDREAU (director) · Mandate compensation16 facts ▸
  • General meeting, 26-11-2020
  • Director resignation, Henri STEYAERT (managing director and director)
  • Director resignation, Carolina KLINT (chair and director)
  • Director resignation, François THOMAS (director)
  • Director appointment, Rebecca TIELEMANS (managing director)
  • Director appointment, Rebecca TIELEMANS (director)
  • Mandate compensation, Rebecca TIELEMANS
  • Director appointment, Gilbert VAN DEN EYNDE (chair)
  • Director appointment, Gilbert VAN DEN EYNDE (director)
  • Mandate compensation, Gilbert VAN DEN EYNDE
  • Director appointment, Paul KNOWLES (director)
  • Mandate compensation, Paul KNOWLES
  • +4 further facts in this act
29-10
Gazette deed Capital & shares · Amendment of the articles
Capital increase · Share issue · Capital12 facts ▸
  • General meeting, 01-10-2020
  • Capital increase, “euro 140.317.217” (deed in Dutch)
  • Capital increase, “euro 14.029.226” (deed in Dutch)
  • Share issue, “gewone aandelen”, 22484 (deed in Dutch)
  • Share issue, “gewone aandelen”, 2248 (deed in Dutch)
  • Capital, “euro 163.192.443” (deed in Dutch)
  • Bank account, “Citibank, N.A., GB39CITI18500812735709” (deed in Dutch)
  • Amendment of the articles, 5
  • Waiver of preemptive rights, “all shareholders” (deed in Dutch)
  • Capital contribution (2 times)
  • Payment, “paid on new cash shares” (deed in Dutch)
  • Payment, “premium paid” (deed in Dutch)
15-10
NBB filing Annual accounts filed
financial year 2019 · full format · 76 days late
12-10
Gazette deed Resignation: Pierre Derom (director)
2 facts ▸
  • Board meeting, 10-08-2020
  • Director resignation, Pierre Derom (director)
03-02
Gazette deed Capital & shares · Amendment of the articles · Restructuring
Merger · Accounting effect · Capital5 facts ▸
  • General meeting, 31-12-2019
  • Merger, “verrichting gelijkgesteld met fusie door overneming”, 31-12-2019 (deed in Dutch)
  • Accounting effect, 01-01-2020
  • Amendment of the articles (2 times)
  • Capital, €8,846,000
2019
26-11
Gazette deed Restructuring
Merger · Accounting effect3 facts ▸
  • Board meeting, 12-11-2019
  • Merger
  • Accounting effect, 01-01-2020
14-11
Gazette deed Reappointments: STeyaert Henri, THOMAS François and TONDREAU Jean-François
Appointments: KLINT Carolina (director) and DEROM Pierre (director) · Mandate compensation13 facts ▸
  • General meeting, 20-09-2019
  • Director reappointment, STeyaert Henri (managing director)
  • Director reappointment, STeyaert Henri (director)
  • Director reappointment, THOMAS François (director)
  • Director reappointment, TONDREAU Jean-François (director)
  • Mandate compensation, STeyaert Henri
  • Mandate compensation, THOMAS François
  • Mandate compensation, TONDREAU Jean-François
  • Director appointment, KLINT Carolina (director)
  • Director appointment, DEROM Pierre (director)
  • Mandate compensation, KLINT Carolina
  • Mandate compensation, DEROM Pierre
  • +1 further fact in this act
04-11
NBB filing Annual accounts filed
financial year 2018 · full format · 96 days late
2018
25-10
Gazette deed Reappointments: Henri Steyaert, François Thomas and 2 others
Appointment: Henri Steyaert (chair of the board) · Resignations: Philippe Bioul (director) and Jean-Pierre de Chestret de Haneffe (director) · Mandate compensation15 facts ▸
  • General meeting, 31-08-2018
  • Director reappointment, Henri Steyaert (managing director)
  • Director reappointment, Henri Steyaert (director)
  • Director reappointment, François Thomas (director)
  • Director reappointment, Jean-François Tondreau (director)
  • Director reappointment, Roelant de Haas (director)
  • Mandate compensation, Henri Steyaert (2 times)
  • Mandate compensation, François Thomas
  • Mandate compensation, Jean-François Tondreau
  • Mandate compensation, Roelant de Haas
  • Director appointment, Henri Steyaert (chair of the board)
  • Director resignation, Philippe Bioul (director)
  • +3 further facts in this act
10-09
NBB filing Annual accounts filed
financial year 2017 · full format · 41 days late
2017
03-08
Gazette deed Resignations: Martin Meerkerk (director) and Luc Gillijns (director)
Reappointments: Philippe Bioul, Henri Steyaert and 2 others · Appointments: François Thomas, Jean-François Tondreau and Deloitte Bedrijfsrevisoren · Permanent representative: Yves Dehogne20 facts ▸
  • General meeting, 27-04-2017
  • General meeting, 24-07-2017
  • Director resignation, Martin Meerkerk (director)
  • Director reappointment, Philippe Bioul (chair)
  • Director reappointment, Henri Steyaert (managing director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Henri Steyaert (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Roelant de Haas (director)
  • Mandate compensation, Philippe Bioul
  • Mandate compensation, Henri Steyaert
  • Mandate compensation, Jean-Pierre de Chestret
  • +8 further facts in this act
27-07
NBB filing Annual accounts filed
financial year 2016 · full format
2016
18-08
Gazette deed Reappointments: Henri Steyaert, Philippe Bioul and 3 others
Resignations: Patrick Muls (director) and Koenraad Van Kerckhoven (director) · Appointment: Martin Meerkerk (director) · Mandate compensation17 facts ▸
  • General meeting, 28-06-2016
  • Director reappointment, Henri Steyaert (managing director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Henri Steyaert (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Roelant de Haas (director)
  • Director reappointment, Luc Gillijns (director)
  • Mandate compensation, Henri Steyaert
  • Mandate compensation, Philippe Bioul
  • Mandate compensation, Jean-Pierre de Chestret
  • Mandate compensation, Roelant de Haas
  • Mandate compensation, Luc Gillijns
  • +5 further facts in this act
2015
16-07
Gazette deed Reappointments: Henri Steyaert, Philippe Bioul and 3 others
Resignation: Wim Raeymaekers (director) · Appointments: Luc Gillijns (director) and Roelant de Haas (director) · Mandate compensation18 facts ▸
  • General meeting, 05-06-2015
  • Director reappointment, Henri Steyaert (managing director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Henri Steyaert (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Koenraad van Kerckhoven (director)
  • Mandate compensation, Henri Steyaert
  • Mandate compensation, Philippe Bioul
  • Mandate compensation, Patrick Muls
  • Mandate compensation, Jean-Pierre de Chestret
  • Mandate compensation, Koenraad van Kerckhoven
  • +6 further facts in this act
15-05
Gazette deed Amendment of the articles · Restructuring
Merger · Dissolution · Accounting effect6 facts ▸
  • General meeting, 30-04-2015
  • Merger
  • Dissolution, 30-04-2015
  • Accounting effect, 01-01-2015
  • Power of attorney, Erik MARISSEN
  • Power of attorney, Adrien LANOTTE
01-04
Gazette deed Registered office · Resignations & appointments
Registered-office move2 facts ▸
  • Board meeting, 03-03-2015
  • Registered-office move, Herrmann-Debrouxlaan, 2, 1160 Brussel (Oudergem)
27-03
Gazette deed Restructuring
Merger · Accounting effect3 facts ▸
  • Board meeting, 16-03-2015
  • Merger, “met fusie door overneming gelijkgestelde verrichting” (deed in Dutch)
  • Accounting effect, 01-01-2015
2014
27-08
Gazette deed Reappointments: Philippe Bioul, Henri Steyaert and 2 others
Appointments: Koenraad van Kerckhoven, Wim Raeymaekers and Deloitte & Touche Bedrijfsrevisoren · Mandate compensation16 facts ▸
  • General meeting, 05-06-2014
  • Director reappointment, Philippe Bioul (managing director)
  • Director reappointment, Henri Steyaert (managing director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Henri Steyaert (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Mandate compensation, Philippe Bioul
  • Mandate compensation, Henri Steyaert
  • Mandate compensation, Patrick Muls
  • Mandate compensation, Jean-Pierre de Chestret
  • Director appointment, Koenraad van Kerckhoven (director)
  • +4 further facts in this act
2013
01-07
Gazette deed Appointment: Henri Steyaert (managing director)
Resignations: Marc Vanderstichelen (director) and Patrice Liénart (director) · Reappointments: Philippe Bioul, Henri Steyaert and 2 others · Mandate compensation15 facts ▸
  • Board meeting, 16-05-2013
  • Director appointment, Henri Steyaert (managing director)
  • Mandate compensation, Henri Steyaert (2 times)
  • General meeting, 10-06-2013
  • Director resignation, Marc Vanderstichelen (director)
  • Director resignation, Patrice Liénart (director)
  • Director reappointment, Philippe Bioul (managing director)
  • Director reappointment, Henri Steyaert (managing director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Henri Steyaert (director)
  • +3 further facts in this act
2012
20-08
Gazette deed Reappointments: Philippe Bioul, Jean-Pierre de Chestret and 4 others
Mandate compensation13 facts ▸
  • General meeting, 07-06-2012
  • Director reappointment, Philippe Bioul (afgevaardigd bestuurder)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Patrice Liénart (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Henri Steyaert (director)
  • Director reappointment, Marc Vanderstichelen (director)
  • Mandate compensation, Philippe Bioul
  • Mandate compensation, Jean-Pierre de Chestret
  • Mandate compensation, Patrice Liénart
  • Mandate compensation, Patrick Muls
  • Mandate compensation, Henri Steyaert
  • +1 further fact in this act
2011
05-12
Gazette deed Permanent representative: Yves Dehogne
1 fact ▸
  • Permanent representative, Yves Dehogne (permanente vertegenwoordiger van de commissaris)
24-08
Gazette deed Registered office · Miscellaneous
Amendment of the articles1 fact ▸
  • Amendment of the articles
03-08
Gazette deed Reappointments: Philippe Bioul, Jean-Pierre de Chestret and 3 others
Appointments: Henri Steyaert (director) and Deloitte - Bedrijfsrevisoren BV ovve CVBA (commissaris revisor) · Mandate compensation9 facts ▸
  • General meeting, 06-06-2011
  • Director reappointment, Philippe Bioul (afgevaardigd bestuurder)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Patrice Liénart (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Marc Vanderstichelen (director)
  • Director appointment, Henri Steyaert (director)
  • Mandate compensation, MARSH
  • Auditor appointment, Deloitte - Bedrijfsrevisoren BV ovve CVBA (commissaris revisor)
14-02
Gazette deed Registered office
Branch address change2 facts ▸
  • Board meeting, 21-01-2011
  • Branch address change, “Rue Forgeur 17, 4000 Liège” (deed in Dutch)
2010
02-08
Gazette deed Resignation: Paul Bruyland (director)
Reappointments: Philippe Bioul, Jean-Pierre de Chestret and 3 others · Mandate compensation8 facts ▸
  • General meeting, 03-06-2010
  • Director resignation, Paul Bruyland (director)
  • Director reappointment, Philippe Bioul (afgevaardigd bestuurder)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Patrice Liénart (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Marc Vanderstichelen (director)
  • Mandate compensation, Marsh BRUSSED
2009
13-07
Gazette deed Resignation: Charles-Albert Snoy (director)
Reappointments: Philippe Bioul, Paul Bruyland and 4 others · Mandate compensation9 facts ▸
  • General meeting, 04-06-2009
  • Director resignation, Charles-Albert Snoy (director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Paul Bruyland (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Patrice Liénart (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Marc Vanderstichelen (director)
  • Mandate compensation, MARSH
2008
28-07
Gazette deed Appointments: Philippe BIOUL (managing director) and Paul BRUYLAND (bestuurder directeur generaal)
3 facts ▸
  • Board meeting, 29-04-2008
  • Director appointment, Philippe BIOUL (managing director)
  • Director appointment, Paul BRUYLAND (bestuurder directeur generaal)
18-07
Gazette deed Resignation: Louis Cortois (director)
Reappointments: Philippe Bioul, Paul Bruyland and 5 others · Appointment: Deloitte - Bedrjfsrevisoren BV o.v.v.e. CVBA (commissaris revisor) · Mandate compensation11 facts ▸
  • General meeting, 05-06-2008
  • Director resignation, Louis Cortois (director)
  • Director reappointment, Philippe Bioul (director)
  • Director reappointment, Paul Bruyland (director)
  • Director reappointment, Jean-Pierre de Chestret (director)
  • Director reappointment, Patrice Liénart (director)
  • Director reappointment, Patrick Muls (director)
  • Director reappointment, Charles-Albert Snoy (director)
  • Director reappointment, Marc Vanderstichelen (director)
  • Mandate compensation, MARSH
  • Auditor appointment, Deloitte - Bedrjfsrevisoren BV o.v.v.e. CVBA (commissaris revisor)
2005
04-07
Gazette deed Resignations: G. Watt (director) and D. Vanderlinden (director)
Reappointments: PH. Bioul, P. Bruyland and 5 others · Appointment: Deloitte & Touche (statutory auditor) · Director discharge14 facts ▸
  • General meeting, 02-06-2005
  • Director resignation, G. Watt (director)
  • Director resignation, D. Vanderlinden (director)
  • Director reappointment, PH. Bioul (director)
  • Director reappointment, P. Bruyland (director)
  • Director reappointment, L. Cortois (director)
  • Director reappointment, P. Liénart (director)
  • Director reappointment, P. Muls (director)
  • Director reappointment, C.A. Snoy (director)
  • Director reappointment, M. Vanderstichelen (director)
  • Director discharge, D. Vanderlinden
  • Director discharge, G. Watt
  • +2 further facts in this act
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 49 annual accounts filed, the latest 10 are here; all 49 are under Financials. An act published in both Dutch and French appears here once.
71 of 71 deeds read

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