MARSON
ActiveSummary
MARSON has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.55M and a net result of €804k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+9
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
short-term debt: 0.2% and cash: 1.5% of total assets, and 18.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.2%
Return on assets
6.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
30 d late
2022
11 d early
2021
61 d late
2020
37 d early
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€804k
2024 · €-98k
2018: €-86k
2019: €-192k▼ -123% vs 2018lowest in 8 years
2020: €-41k▲ +78.4% vs 2019
2021: €1.23M▲ +3076% vs 2020
2022: €364k▼ -70.5% vs 2021
2023: €1.32M▲ +262% vs 2022highest in 8 years
2024: €-98k▼ -107% vs 2023
2025: €804k▲ +918% vs 2024
2018 → 2025
Working capital
€7.91M▲ 8.4%
2024 · €7.30M
2018: €76klowest in 8 years
2019: €121k▲ +59.8% vs 2018
2020: €869k▲ +618% vs 2019
2021: €838k▼ -3.5% vs 2020
2022: €1.32M▲ +58.0% vs 2021
2023: €7.82M▲ +491% vs 2022
2024: €7.30M▼ -6.7% vs 2023
2025: €7.91M▲ +8.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7.16M-€7.53M▲ 5.1%€8.85M▲ 17.5%€8.75M▼ 1.1%€9.55M▲ 9.2%
2021: €7.16Mlowest in 5 years
2022: €7.53M▲ +5.1% vs 2021
2023: €8.85M▲ +17.5% vs 2022
2024: €8.75M▼ -1.1% vs 2023
2025: €9.55M▲ +9.2% vs 2024highest in 5 years
Operating result€-139k-€173k€-389k€-180k▲ 53.6%€-135k▲ 25.1%
2021: €-139k
2022: €173k▲ +224% vs 2021highest in 5 years
2023: €-389k▼ -325% vs 2022lowest in 5 years
2024: €-180k▲ +53.6% vs 2023
2025: €-135k▲ +25.1% vs 2024
Net result€1.23M-€364k▼ 70.5%€1.32M▲ 262%€-98k€804k
2021: €1.23M
2022: €364k▼ -70.5% vs 2021
2023: €1.32M▲ +262% vs 2022highest in 5 years
2024: €-98k▼ -107% vs 2023lowest in 5 years
2025: €804k▲ +918% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €135k in 2025 against €180k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.77M
Fixed assets
€3.84M ▲ 3.8%
Current assets
€7.93M ▲ 8.4%
Equity and liabilities €11.77M
Equity
€9.55M ▲ 9.2%
Debt
€2.22M ▼ 2.2%
Debt's share of the balance-sheet total falls from 20.6% to 18.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-44k▲
2024 · €-71k
Cash flow
€894k▲
2024 · €11k
Debt to equity
0.23▼
2024 · 0.26
ROE
8.4%▲
2024 · -1.1%
ROA
6.8%▲
2024 · -0.9%
Interest coverage
-4.87▲
2024 · -21.06
Debt ≤ 1 year
€26k▲
2024 · €23k
Debt > 1 year
€2.19M▼
2024 · €2.24M
Income taxes
€540▼
2024 · €1k
A ratio outside any meaningful range has been withheld (balance sheet total €11.77M, equity €9.55M).
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 · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.02M€11.77M▲
Fixed assets21/28€3.70M€3.84M▲
Tangible fixed assets22/27€2.18M€2.17M▼
Land and buildings22€2.15M€2.08M▼
Plant, machinery and equipment23€29k€24k▼
Furniture and vehicles24€3k€69k▲
Financial fixed assets28€1.52M€1.67M▲
Current assets29/58€7.32M€7.93M▲
Amounts receivable after more than one year29€2.00M€2.91M▲
Other amounts receivable291€2.00M€2.91M▲
Amounts receivable within one year40/41€698k€251k▼
Trade receivables40€18k€17k▼
Other amounts receivable41€680k€234k▼
Current investments50/53€4.49M€4.58M▲
Cash at bank and in hand54/58€109k€175k▲
Deferred charges and accrued income490/1€25k€23k▼
Equity and liabilities
Total equity and liabilities10/49€11.02M€11.77M▲
Equity10/15€8.75M€9.55M▲
Contributions10/11€7.39M€7.39M=
Capital10€7.39M€7.39M=
Issued capital100€7.39M€7.39M=
Reserves13€1.36M€2.16M▲
Non-distributable reserves130/1€174k€739k▲
Legal reserve130€174k€739k▲
Tax-exempt reserves132€45k€34k▼
Distributable reserves133€1.14M€1.39M▲
Amounts payable17/49€2.27M€2.22M▼
Amounts payable after more than one year17€2.24M€2.19M▼
Other amounts payable178/9€2.24M€2.19M▼
Amounts payable within one year42/48€23k€26k▲
Trade debts44€23k€15k▼
Suppliers440/4€23k€15k▼
Taxes, remuneration and social security45€324€11k▲
Taxes450/3€324€11k▲
Accrued charges and deferred income492/3€7k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€0€10k▲
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€91k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k€0▼
Other operating charges640/8€12k€13k▲
Non-recurring operating charges66A€120€0▼
Gross operating margin9900€-52k€-32k▲
Operating profit (loss)9901€-180k€-135k▲
Financial income75/76B€136k€948k▲
Recurring financial income75€136k€113k▼
Non-recurring financial income76B-€835k
Financial charges65/66B€53k€9k▼
Recurring financial charges65€3k€9k▲
Non-recurring financial charges66B€50k€0▼
Profit (loss) for the period before taxes9903€-97k€804k▲
Income taxes67/77€1k€540▼
Profit (loss) for the period9904€-98k€804k▲
Transfer from tax-exempt reserves789€13k€12k▼
Profit (loss) for the period to be appropriated9905€-85k€815k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-85k€815k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€85k€0▼
Transfer to equity691/2€0€815k▲
To the legal reserve6920€0€565k▲
To other reserves6921€0€251k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €299k | €3k | €0 | €10k | - |
| Remuneration, social security and pensions62 | €28k | €-2k | €-72 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €52k | €353k | €109k | €91k | ▼ 16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-4k | - | €2k | €7k | €0 | ▼ 100% |
| Other operating charges640/8 | €14k | €10k | €9k | €12k | €13k | ▲ 2.2% |
| Non-recurring operating charges66A | €15k | €400 | €0 | €120 | €0 | ▼ 100% |
| Gross operating margin9900 | €-33k | €233k | €-25k | €-52k | €-32k | ▲ 38.7% |
| Operating profit (loss)9901 | €-139k | €173k | €-389k | €-180k | €-135k | ▲ 25.1% |
| Financial income75/76B | €1.49M | €209k | €3.81M | €136k | €948k | ▲ 595% |
| Recurring financial income75 | €298k | €209k | €3.81M | €136k | €113k | ▼ 17.0% |
| Non-recurring financial income76B | €1.19M | - | - | - | €835k | - |
| Financial charges65/66B | €118k | €16k | €2.10M | €53k | €9k | ▼ 82.9% |
| Recurring financial charges65 | €118k | €16k | €21k | €3k | €9k | ▲ 169% |
| Non-recurring financial charges66B | - | - | €2.08M | €50k | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €1.24M | €365k | €1.32M | €-97k | €804k | ▲ 928% |
| Income taxes67/77 | €2k | €1k | €1k | €1k | €540 | ▼ 49.5% |
| Profit (loss) for the period9904 | €1.23M | €364k | €1.32M | €-98k | €804k | ▲ 918% |
| Transfer from tax-exempt reserves789 | €13k | €13k | €13k | €13k | €12k | ▼ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €1.25M | €377k | €1.33M | €-85k | €815k | ▲ 1,060% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.74M | €10.07M | €11.27M | €11.02M | €11.77M | ▲ 6.8% |
| Fixed assets21/28 | €8.76M | €8.74M | €3.44M | €3.70M | €3.84M | ▲ 3.8% |
| Tangible fixed assets22/27 | €952k | €928k | €1.92M | €2.18M | €2.17M | ▼ 0.4% |
| Land and buildings22 | €910k | €877k | €1.88M | €2.15M | €2.08M | ▼ 3.3% |
| Plant, machinery and equipment23 | €27k | €41k | €34k | €29k | €24k | ▼ 16.9% |
| Furniture and vehicles24 | €15k | €10k | €2k | €3k | €69k | ▲ 2,293% |
| Financial fixed assets28 | €7.81M | €7.81M | €1.52M | €1.52M | €1.67M | ▲ 9.8% |
| Current assets29/58 | €976k | €1.33M | €7.83M | €7.32M | €7.93M | ▲ 8.4% |
| Amounts receivable after more than one year29 | €798k | €88k | €2.62M | €2.00M | €2.91M | ▲ 45.3% |
| Other amounts receivable291 | €798k | €88k | €2.62M | €2.00M | €2.91M | ▲ 45.3% |
| Amounts receivable within one year40/41 | €72k | €84k | €799k | €698k | €251k | ▼ 64.0% |
| Trade receivables40 | €12k | €16k | €7k | €18k | €17k | ▼ 4.9% |
| Other amounts receivable41 | €60k | €69k | €791k | €680k | €234k | ▼ 65.6% |
| Current investments50/53 | - | - | €3.49M | €4.49M | €4.58M | ▲ 2.0% |
| Cash at bank and in hand54/58 | €102k | €1.16M | €895k | €109k | €175k | ▲ 60.9% |
| Deferred charges and accrued income490/1 | €4k | €5k | €24k | €25k | €23k | ▼ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.74M | €10.07M | €11.27M | €11.02M | €11.77M | ▲ 6.8% |
| Equity10/15 | €7.16M | €7.53M | €8.85M | €8.75M | €9.55M | ▲ 9.2% |
| Contributions10/11 | €7.39M | €7.39M | €7.39M | €7.39M | €7.39M | = |
| Capital10 | €7.39M | €7.39M | €7.39M | €7.39M | €7.39M | = |
| Issued capital100 | €7.39M | €7.39M | €7.39M | €7.39M | €7.39M | = |
| Reserves13 | €197k | €184k | €1.46M | €1.36M | €2.16M | ▲ 59.2% |
| Non-distributable reserves130/1 | €110k | €110k | €174k | €174k | €739k | ▲ 324% |
| Legal reserve130 | €110k | €110k | €174k | €174k | €739k | ▲ 324% |
| Tax-exempt reserves132 | €85k | €72k | €59k | €45k | €34k | ▼ 25.6% |
| Distributable reserves133 | €2k | €2k | €1.22M | €1.14M | €1.39M | ▲ 22.0% |
| Profit (loss) carried forward14 | €-423k | €-46k | €0 | - | - | - |
| Amounts payable17/49 | €2.57M | €2.54M | €2.42M | €2.27M | €2.22M | ▼ 2.2% |
| Amounts payable after more than one year17 | €2.44M | €2.53M | €2.40M | €2.24M | €2.19M | ▼ 2.2% |
| Other amounts payable178/9 | €2.44M | €2.53M | €2.40M | €2.24M | €2.19M | ▼ 2.2% |
| Amounts payable within one year42/48 | €138k | €9k | €8k | €23k | €26k | ▲ 10.1% |
| Trade debts44 | €34k | €3k | €7k | €23k | €15k | ▼ 35.2% |
| Suppliers440/4 | €34k | €3k | €7k | €23k | €15k | ▼ 35.2% |
| Taxes, remuneration and social security45 | €52k | €4k | €705 | €324 | €11k | ▲ 3,219% |
| Taxes450/3 | €49k | €4k | €705 | €324 | €11k | ▲ 3,219% |
| Remuneration and social security454/9 | €3k | - | - | - | - | - |
| Other amounts payable47/48 | €52k | €3k | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €8k | €7k | €5k | ▼ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.23M | €364k | €1.32M | €-98k | €804k | ▲ 918% |
| + Depreciation and write-downs630 | €52k | €52k | €353k | €109k | €91k | ▼ 16.8% |
| Operating cash flow (approximation) | €1.29M | €416k | €1.67M | €11k | €894k | ▲ 8,248% |
| Investment in fixed assets (approximation) | - | €-28k | €4.95M | €-368k | €-230k | ▲ 37.4% |
| Change in cash | - | €1.05M | €-261k | €-787k | €66k | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
14-08
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
2025
31-12
Financial
Back to profitnet €804k
Net result €804k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €1.32M ▲262%
Net result €1.32M, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 1037.35
Current ratio from 141.96 to 1037.35; short-term debt falls from €9k to €8k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 20current ratio 141.96
Current ratio from 7.08 to 141.96; short-term debt falls from €138k to €9k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Back to profitnet €1.23M
Net result €1.23M after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Liquidity triplescurrent ratio 9.94
Current ratio from 3.20 to 9.94.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €-192k
Net result drops to €-192k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €5MEq €5.96M
Equity rises from €-138k to €5.96M.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Dentergem · 1 establishment unit since 1996
Ground area
235 m²
Building footprint
235 m²
Volume, LiDAR
1,237 m³
Parcel 37006A0367/00C000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oostrozebekestraat 29, 8720 Dentergem
since 19962.102.707.404
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37006A0367/00C000 | Flanders | 235 m² | 1 · 235 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Dual-learning approval
3 endedHulpkelner (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Legal Entity Identifier
8945005NURH9CFT18S36
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Identification & contact
Identification
Legal formPublic limited company
Founded21-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.