MARSH EUROPE
ActiveSummary
MARSH EUROPE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of MARSH EUROPE were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €1.73M and a net result of €1.36M. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 21% of 775 sector peers (fiscal year 2024). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Filing: Filed more than 90 days late
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 775 sector peers (2024).
NBB · sector comparisonPosition among 775 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-02-2026, 197 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
197 d late
2023
502 d late
2022
136 d late
2021
96 d late
2020
305 d late
2019
497 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€1.73M▼ 27.1%
2023 · €2.37M
2018: €3.13M
2019: €3.33M
2020: €4.16M
2021: €1.92M
2022: €951k
2023: €2.37M
2018 → 2024
Net result
€1.36M▼ 60.4%
2023 · €3.42M
2018: €843k
2019: €199k
2020: €1.83M
2021: €1.76M
2022: €1.03M
2023: €3.42M
2018 → 2024
Total assets
€14.90M▼ 9.3%
2023 · €16.44M
2018: €6.64M
2019: €8.28M
2020: €9.69M
2021: €12.87M
2022: €10.79M
2023: €16.44M
2018 → 2024
Solvency
11.6%▼ 2.8pp
2023 · 14.4%
2018: 47.2%
2019: 40.3%
2020: 43.0%
2021: 14.9%
2022: 8.8%
2023: 14.4%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€5.33M-€6.14M▲ 15.2%€6.46M▲ 5.2%€12.13M▲ 87.8%€7.97M▼ 34.3%
Equity€4.16M-€1.92M▼ 53.9%€951k▼ 50.5%€2.37M▲ 150%€1.73M▼ 27.1%
Operating result€2.07M-€2.13M▲ 3.1%€1.38M▼ 35.2%€3.88M▲ 180%€1.57M▼ 59.4%
Net result€1.83M-€1.76M▼ 4.0%€1.03M▼ 41.4%€3.42M▲ 232%€1.36M▼ 60.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.90M
Fixed assets
€833k ▼ 25.0%
Current assets
€14.07M ▼ 8.2%
Equity and liabilities €14.90M
Equity
€1.73M ▼ 27.1%
Provisions
€44k =
Debt
€13.13M ▼ 6.3%
Debt's share of the balance-sheet total rises from 85.3% to 88.1%. Equity and debt are lower.
Key figures and ratios
ROE
78.3%▼
2023 · 144.2%
ROA
9.1%▼
2023 · 20.8%
Debt ≤ 1 year
€12.97M▼
2023 · €13.77M
Income taxes
€291k▼
2023 · €503k
Staff costs
€5.64M▲
2023 · €5.61M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 68 lines
Balance sheet
Code20232024
Assets
Total assets20/58€16.44M€14.90M▼
Fixed assets21/28€1.11M€833k▼
Intangible fixed assets21€678k€465k▼
Tangible fixed assets22/27€431k€367k▼
Furniture and vehicles24€352k€346k▼
Other tangible fixed assets26€52k€21k▼
Assets under construction and advance payments27€28k-
Financial fixed assets28€1k€1k=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€15.33M€14.07M▼
Amounts receivable within one year40/41€11.59M€11.57M▼
Trade receivables40€3.57M€5.87M▲
Other amounts receivable41€8.01M€5.70M▼
Cash at bank and in hand54/58€2.66M€1.86M▼
Deferred charges and accrued income490/1€1.08M€640k▼
Equity and liabilities
Total equity and liabilities10/49€16.44M€14.90M▼
Equity10/15€2.37M€1.73M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€2.31M€1.66M▼
Provisions and deferred taxes16€44k€44k=
Provisions for liabilities and charges160/5€44k€44k=
Other liabilities and charges164/5€44k€44k=
Amounts payable17/49€14.02M€13.13M▼
Amounts payable within one year42/48€13.77M€12.97M▼
Trade debts44€6.70M€6.42M▼
Suppliers440/4€6.70M€6.42M▼
Taxes, remuneration and social security45€2.77M€2.03M▼
Taxes450/3€1.17M€478k▼
Remuneration and social security454/9€1.60M€1.55M▼
Other amounts payable47/48€4.29M€4.52M▲
Accrued charges and deferred income492/3€252k€162k▼
Income statement
Code20232024
Operating income70/76A€18.12M€13.25M▼
Turnover70€12.13M€7.97M▼
Own construction capitalised72€475k€39k▼
Other operating income74€5.48M€5.23M▼
Non-recurring operating income76A€33k€15k▼
Operating charges60/66A€14.24M€11.68M▼
Services and other goods61€7.10M€4.77M▼
Remuneration, social security and pensions62€5.61M€5.64M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€595k€409k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-45k€42k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€44k-
Other operating charges640/8€869k€766k▼
Non-recurring operating charges66A€68k€48k▼
Operating profit (loss)9901€3.88M€1.57M▼
Financial income75/76B€117k€109k▼
Recurring financial income75€117k€109k▼
Other financial income752/9€117k€109k▼
Financial charges65/66B€67k€36k▼
Recurring financial charges65€67k€36k▼
Debt charges650€23k-
Other financial charges652/9€44k€36k▼
Profit (loss) for the period before taxes9903€3.93M€1.65M▼
Income taxes67/77€503k€291k▼
Taxes670/3€503k€291k▼
Profit (loss) for the period9904€3.42M€1.36M▼
Profit (loss) for the period to be appropriated9905€3.42M€1.36M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.31M€3.66M▼
Profit (loss) brought forward from the previous period14P€883k€2.31M▲
Profit to be distributed694/7€2.00M€2.00M=
Return on contributions (dividend)694€2.00M€2.00M=
Social balance
Average headcount (FTE)908719.418.6▼
The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 197 days late
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 502 days late
2023
31-12
Financial
Highest result since 2018net €3.42M ▲232%
Operating result €3.88M, net result €3.42M, both a record.
31-12
Financial
Equity above €2MEq €2.37M ▲150%
6 profitable years in a row build equity to €2.37M.
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 136 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 96 days late
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 305 days late
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 497 days late
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 796 days late
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1077 days late
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1057 days late
2019
31-12
Financial
Weakest financial yearnet €199k ▼76.4%
Net result drops to €199k, the lowest in the series; recovery starts the following year.
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1145 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
30 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Herrmann-Debrouxlaan 21160 OudergemGround area
4,354 m²
Building footprint
1,336 m²
Volume, LiDAR
29,589 m³
Parcel 21332B0424/00N008, Brussels · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Herrmann-Debrouxlaan 2, 1160 Oudergem
since 19972.131.220.454
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0424/00N008 | Brussels | 4,354 m² | 1 · 1,335 m² | 29.4 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
MARSH & MCLENNAN COMPANIES, INC.
Wilmington, United States
controls
MARSH EUROPEBE 0456.421.226
Recognitions · licences · registrations
Legal Entity Identifier
213800FO5W73GCM37192
Similar companies · same sector, comparable size
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HESTERS
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Zakenkantoor Wellens & Peeters
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Of 4,683 companies in sector 66220 we hold annual accounts for 3,228. 1,780 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
62100Computer programming
62200Computer consultancy and computer facilities management
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.