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MARSON

Active Public limited companyfounded 1987active for 39 yearsOostrozebekestraat 29, 8720 DentergemKBO/BCE: BE 0432.321.575 #4 company by equity in West Flanders, Food and beverage service sector
MARSON
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Overview

Lifetime

20 annual accounts with figures on one time axis, 38 filings since 1988
peak €529,321 (2011)
-€31,688▲ €20,004
lowest -€427,608 (2008)
€803,601▲ €901,827
peak €9.6m (2025)
€9.6m▲ 9.2%
€2.2m▼ 2.2%
peak 1.3 FTE (2020)
0 FTE 
Board3 names since 2019
- 
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Gross margin from -€51,692 to -€31,688Back to profit: €803,601Investments €230,496Cash from €108,832 to €175,115

Key points

from the 2025 annual accounts

Result

€803,601 €803,601
-€98,2002024€804,0002025

Back in profit in 2025, after a loss of €98,225 in 2024.

Filings

38 annual accounts since 1988
AprilJune31 JulyOctober1990200020102020

Five of the last ten came late. The 2019 accounts came latest: 87 days after the end of the period.

Position in the sector

€803,601

Higher net result than 95% of companies in food and beverage service. Sector median €9,699 · 964 companies.

Checked score

95
Excellent
Financially stronger than 61% of medium-sized companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 68 companies (NACE 56, medium-sized).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.2%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.2 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 81.2% of total assets
52+1short-term debt 0.2% · cash 1.5%
27+9return on assets 6.8%

Score breakdown

raises risk
Sector: Food and beverage service activities (NACE 56)
Liquidity: current ratio 309.75, cash €175,115
lowers risk
Founded in 1987
Size: total assets €11.8m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, medium-sized). It does better than 98% of them on solvency, 65% on liquidity, 24% on profitability and 57% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 1,579 companies had the same profile as MARSON has now. Each dot stands for 4 companies, two years later.

96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of MARSON itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,579 companies, not a prediction for MARSON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €900,000 on 30-day terms is acceptable

Short-term debt is 0.2% and cash 1.5% of total assets. 18.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Liquidity: current ratio 309.75, cash €175,115
NBB · annual accounts
lowers risk · Founded in 1987
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €11.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 28 days late
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. 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 filings
Deviation from the deadline
2025
28 days late
2024
29 days late
2023
30 days late
2022
11 days early
2021
61 days late
2020
37 days early
2019
87 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 29 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

last known board
UB
Ursula Beyls
Manager, last mentioned in 2021
VD
VANGAEVER Dries
Director, until 2021
VM
VANGAEVER Marc
Director, until 2021

Shares in 1 company, ATTACHMENT TECHNOLOGY INTERNATIONAL

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0432321575
Merger: MARSON takes over NODIMA Capital from €6,690,000 to €7,390,750.34, 3,153 new shares · Capital from €7,390,750.34 to €7,390,000 · Resignations: VANGAEVER Marc (director) and VANGAEVER Dries (director) · General meeting of 13-07-2021 · Gazette deed
Merger proposal: MARSON NV takes over NODIMA BV Permanent representatives: Marc Vangaever and Dries Vangaever · Name clause: NODIMA · Gazette deed
2 directors appointed, 2 resignations Capital from €400,000 to €3,454,924.51, 21,247 new shares · Capital after the increase: €6,693,268.54 · Capital from €6,693,268.54 to €6,690,000 · Gazette deed
All 61 events

Comparable companies

same main activity, similar in size and age
Company
MARSON Dentergem €11.8m -€31,688 81.2% 0
MEMLINC Bruges €1.5m -€44,808 25.2% 0
Golf- en Countryclub Oudenaarde Wortegem-Petegem €1.6m -€161,461 89.3% -
Stevimmo Kuurne €8.1m €56,088 99.6% -
C. GROUP Hasselt €3.3m - 77.9% 6
PRIORI Houffalize €1.7m -€13,213 15.6% 1
KASTEEL ENGELHOF Houthalen-Helchteren €1.2m -€24,417 47.5% -

These companies have the same main activity as MARSON: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €1.2m and €8.1m, founded between 1971 and 2022.

Official details

Source: KBO
Status
Active since 21-10-1987Normal situation
Activity
Cafés and barsNACE 56301and 1 other
Joint committee
302Hotels and catering · annual accounts 2022
Establishment unit
2.102.707.4048720 Dentergem, since 02-04-1996
Financial year end
31 December
Peppol
Reachable since 15-12-2025
Company details

Annual accounts 2025

-€31,688▲ 38.7%
€803,601
€9.6m▲ 9.2%
€11.8m▲ 6.8%
Filing
Filed on 28-08-2026
Financials

Insights on MARSON

MARSON has existed since 1987. The gross margin fell from €341,734 in 2016 to €22,558 in 2017.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 28-08-2026, 28 days late
-€31,688
▲ €20,004
-€135,014
▲ €45,232
€803,601
▲ €901,827
€7.9m
▲ 8.4%
81.2%
▲ 1.7 percentage points
-

Turnover: not included in this filing.

In the rankings #4 company by equity in West Flanders, Food and beverage service sector#6 company by total assets in West Flanders, Food and beverage service sector

Balance sheet

balance sheet total €11.8m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

81.2%

Higher than 91% of 963 companies in 2025.

-

Higher than 93% of 1,808 companies in 2021.

6.8%

Higher than 64% of 946 companies in 2025.

MARSON Middle half of the sector 80% of the sector Full accounts in food and beverage service (NACE 56)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 11.8m11.0m11.3m10.1m9.7m9.7m7.9m1.5m1.3m1.4m1.4m1.5m1.1m1.2m1.2m1.4m1.5m1.8m1.7m1.8m
20 -----2,8924,3395,785------------
21/28 3.8m3.7m3.4m8.7m8.8m8.7m7.7m1.3m1.2m1.2m1.1m1.1m1.1m1.1m1.2m1.3m1.4m1.6m1.6m1.6m
22/27 2.2m2.2m1.9m927,932951,890990,0811.0m1.0m865,142931,614912,089969,1741.1m1.1m1.2m1.3m1.4m1.6m1.6m1.6m
22 2.1m2.1m1.9m876,904909,640947,987963,089977,316807,755843,284878,814914,3441.0m1.1m1.2m1.2m1.3m1.4m1.4m1.4m
23 23,95628,82333,69140,87627,43020,64125,38614,8959682,2723,5762,460--1431,3454,49013,56935,16339,787
24 68,5522,8642,43010,15214,81921,45347,08739,40556,42086,05829,69952,36964,26065,67810,4637,25110,38624,35368,42178,721
28 1.7m1.5m1.5m7.8m7.8m7.7m6.7m316,591316,591316,591165,646165,646--------
29/58 7.9m7.3m7.8m1.3m975,750965,859175,958109,79984,172120,238282,204317,58275,6405,69921,89830,48276,908199,425147,052153,082
29 2.9m2.0m2.6m87,500797,920860,63028,37322,61721,9836,832231,613230,600-------2,570
291 2.9m2.0m2.6m87,500797,920860,63028,37322,61721,9836,832231,613230,600-------2,570
3 -----5,3296,9066,827----595595595595595595595595
30/36 -----5,3296,9066,827----595595595595595595595595
40/41 251,020698,191798,64384,39172,2038,80816,98914,98438678,2814,60721,97033,9202472519,4528,55246,36674,85940,317
40 17,38518,2727,48515,54311,7463,6427,48910,866-78,281-21,97033,38624024029036339,93042,42538,799
41 233,635679,919791,15868,84860,4575,1679,5004,118386-4,607-5347119,1628,1896,43632,4341,518
50/53 4.6m4.5m3.5m--------------126,290--
54/58 175,115108,832895,4141.2m101,56889,094122,51965,37161,80334,72743,58363,00939,1234,85721,05220,43567,76126,17471,598109,600
490/1 23,19724,96623,9114,9814,0591,9981,171--3982,4012,0032,003-------
Balance sheet: equity and liabilities
10/49 11.8m11.0m11.3m10.1m9.7m9.7m7.9m1.5m1.3m1.4m1.4m1.5m1.1m1.2m1.2m1.4m1.5m1.8m1.7m1.8m
10/15 9.6m8.7m8.8m7.5m7.2m5.9m6.0m-137,855-51,75515,176-231,839-199,282-233,927-231,296-255,214-506,126-221,83993,549521,156343,091
10/11 7.4m7.4m7.4m7.4m7.4m6.7m6.7m400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000
10 7.4m7.4m7.4m7.4m7.4m---------------
100 7.4m7.4m7.4m7.4m7.4m6.7m6.7m400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000400,000
13 2.2m1.4m1.5m183,770197,16740,26940,26940,26940,20740,17740,14740,11740,08740,05740,02840,00040,00040,000142,477142,477
130/1 739,000174,361174,361110,074110,07440,000--------------
130 739,000174,361174,361110,074110,07440,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,00040,0001,8591,859
132 33,65545,26358,57271,96985,367269269269207177147117875728-----
133 1.4m1.1m1.2m1,7271,727-------------140,618140,618
14 --0-45,806-422,928-811,651-770,171-578,124-491,962-425,001-671,986-639,399-674,014-671,354-695,242-946,126-661,839-346,451-21,320-199,385
17/49 2.2m2.3m2.4m2.5m2.6m3.7m2.0m1.6m1.3m1.4m1.6m1.7m1.4m1.4m1.5m1.9m1.7m1.7m1.2m1.4m
17 2.2m2.2m2.4m2.5m2.4m3.6m1.9m1.6m1.3m1.3m1.2m1.6m1.4m1.3m1.3m1.6m1.7m1.6m1.1m961,594
170/4 ---------785,000795,225806,13131,78642,19520,60468,459114,143157,755156,708179,799
178/9 2.2m2.2m2.4m2.5m2.4m3.6m1.9m1.6m1.3m500,148451,473827,1031.3m1.3m1.3m1.5m1.6m1.5m895,182781,796
42/48 25,61123,2717,5469,389137,88397,20554,95734,0693,45568,098344,24318,38520,83335,381178,778246,60650,39650,533159,493450,675
42 ---------11,14311,80411,53210,40931,60947,85445,68443,61248,34323,09038,870
43 ----------315,000-728-50,000200,000--125,000305,873
430/8 ----------315,000-728-50,000200,000--125,000305,873
44 14,86422,9476,8412,78134,22217,52146,74321,4541,1453,11816,0644,7058,3462,80414,5779226,7841,42411,00316,923
440/4 14,86422,9476,8412,78134,22217,52146,74321,4541,1453,11816,0644,7058,3462,80414,5779226,7841,42411,00316,923
45 10,7473247053,75851,94427,2498,21312,6162,30953,8361,3752,1491,35096766,347--76740089,009
450/3 10,7473247053,75849,29426,3752,6998,8532,30953,8361,3752,1491,35096766,347--76740086,778
454/9 ----2,6508745,5143,763-----------2,231
47/48 --02,85051,71752,435--------------
492/3 4,7417,0867,591--1,721-8,215-2283764-10434-----
Income statement
76A 10,00003,040299,224-2,985--13,359---9,08810,090--1,5948506,623-
9900 -31,688-51,692-25,196232,888-33,491-50,951-45,94244,77922,558341,73498,255138,56398,573192,116529,321-44,954-85,797-20,717383,640175,014
62 -0-72-2,24328,25718,81834,42214,362------------
630 90,615108,936352,71052,09651,64070,46772,59185,28857,87169,88359,32496,77897,232129,775130,789133,576152,684333,90382,12079,987
631/4 07,0561,892--3,720---------------
640/8 12,71112,4418,95910,03413,7736,7968,8568,7228,63211,7657,1115,3775,60816,2257,8707,9978,95414,7167,6025,694
66A 0120040015,30498---23250,6172141,433-----14,085696
9901 -135,014-180,246-388,684172,601-138,745-147,129-161,811-63,593-43,946259,85431,82036,408-4,26646,116390,662-186,527-247,434-369,335293,91889,333
75/76B 948,264136,4753.8m208,5901.5m220,2671,7961,27550110,6368,7604,256192,971138321,9921,984359247
75 113,240136,4753.8m208,590298,476220,2671,7961,27550110,6368,7604,256192,971138321,9921,984359247
76B 835,024---1.2m---------------
65/66B 9,10953,3862.1m16,343118,044113,07430,70422,78622,26623,06922,2295,4985,77535,260139,88784,05571,54061,13555,90967,387
65 9,1093,38621,37116,343118,044107,03430,70422,78622,26623,06922,2295,4985,77535,260139,88784,05571,54061,13555,90967,387
66B 050,0002.1m--6,040--------------
9903 804,141-97,1561.3m364,8481.2m-39,935-190,719-85,105-65,712247,420-32,26734,951-2,36823,917250,913-270,550-315,388-427,636230,90621,497
67/77 5401,0691,0851,1231,5051,5451,3289951,219405290305263--13,737--2852,8419,137
9904 803,601-98,2251.3m363,7251.2m-41,480-192,047-86,100-66,931247,015-32,55734,645-2,63123,917250,913-284,287-315,388-427,608178,06512,360
789 11,60813,31013,39713,39713,397---------------
689 -------6230303030302928-----
9905 815,210-84,9161.3m377,1221.2m-41,480-192,047-86,162-66,961246,985-32,58734,615-2,66123,888250,884-284,287-315,388-427,608178,06512,360
Appropriation of the result
9906 815,210-84,9161.3m-45,806-422,928-811,651-770,171-578,124-491,962-425,001-671,986-639,399-674,014-671,354-695,242-946,126-661,839-448,928-21,320-199,385
14P -0-45,806-422,928-1.7m---------------
791/2 084,916---------------140,618--
691/2 815,21001.3m--------------38,141--
6920 564,639064,287--------------38,141--
6921 250,57001.2m-----------------
Social balance sheet
9087 000-0.71.31.20.4------------
Hours worked1013 ----8951,1701,946663------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 18 older financial years (1988-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00499543.

Financial year Type Filed Reference Document
31-12-2025 full format 28-08-2026 2026-00499543 PDF
31-12-2024 abbreviated format 29-08-2025 2025-00471616 PDF
31-12-2023 abbreviated format 30-08-2024 2024-00452148 PDF
31-12-2022 abbreviated format 20-07-2023 2023-00263761 PDF
31-12-2021 abbreviated format 30-09-2022 2022-20450423 PDF
31-12-2020 abbreviated format 24-06-2021 2021-25100531 PDF
31-12-2019 abbreviated format 26-10-2020 2020-63800027 PDF
31-12-2018 abbreviated format 28-06-2019 2019-24800059 PDF
31-12-2017 abbreviated format 20-06-2018 2018-21700333 PDF
31-12-2016 abbreviated format 26-06-2017 2017-22400100 PDF
31-12-2015 abbreviated format 20-07-2016 2016-34400583 PDF
31-12-2014 abbreviated format 20-08-2015 2015-44600408 PDF
31-12-2013 abbreviated format 31-07-2014 2014-36800275 PDF
31-12-2012 abbreviated format 24-07-2013 2013-33600195 PDF
31-12-2011 abbreviated format 30-05-2012 2012-12900507 PDF
31-12-2010 abbreviated format 09-06-2011 2011-15000444 PDF
31-12-2009 abbreviated format 28-06-2010 2010-21200377 PDF
31-12-2008 abbreviated format 22-06-2009 2009-25400216 PDF
31-12-2007 abbreviated format 12-06-2008 2008-21100200 PDF
31-12-2006 abbreviated format 18-06-2007 2007-22900114 PDF
31-12-2005 abbreviated format 14-07-2006 2006-47300607 PDF
31-12-2004 abbreviated format 22-07-2005 2005-55105207 PDF
31-12-2003 abbreviated format 23-06-2004 2004-31202802 PDF
31-12-2002 abbreviated format 20-06-2003 2003-27401669 PDF
31-12-2001 abbreviated format 31-07-2002 2002-44604924 PDF
31-12-2000 abbreviated format 25-07-2001 2001-42702725 PDF
31-12-1999 abbreviated format 31-05-2000 2000-17202372 PDF
31-12-1998 abbreviated format 16-07-1999 1999-34603746 PDF
31-12-1997 abbreviated format 03-06-1998 1998-13101983 PDF
31-12-1996 abbreviated format 26-06-1997 1997-21304593 PDF
31-12-1995 abbreviated format 13-05-1996 1996-08203493 PDF
31-12-1994 abbreviated format 21-09-1995 1995-50203723 PDF
31-12-1993 abbreviated format 28-06-1994 1994-21400964 PDF
31-12-1992 abbreviated format 16-06-1993 1993-13600777 PDF
31-12-1991 abbreviated format 31-08-1992 1992-30002661 PDF
31-12-1990 abbreviated format 17-05-1991 1991-05703127 PDF
31-12-1989 abbreviated format 04-07-1990 1990-15203587 PDF
31-12-1988 abbreviated format 30-06-1989 1989-13200798 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-44,399-71,310-35,974224,696-87,104-76,662-89,22021,69513,925329,73791,143133,18592,966175,891521,451-52,951-94,750-35,432376,038169,320
894,21710,7111.7m415,8211.3m28,986-119,456-812-9,060316,89826,767131,42394,601153,692381,702-150,711-162,704-93,705260,18592,347
230,496367,9351.3m28,539241,6501.0m6.5m250,3163,156240,5852,697165,64622,37259,01422,92729,3337,200322,63679,323187,243
66,283-786,582-260,5941.1m12,474-33,42557,1483,56827,075-8,856-19,42623,88634,266-16,195617-47,32741,588-45,424-38,002-
7.9m7.3m7.8m1.3m837,867868,655121,00275,72980,71752,140-62,039299,19754,808-29,681-156,880-216,12526,512148,891-12,441-297,593
81.2%79.4%78.5%74.7%73.6%61.3%75.2%-9.4%-4.1%1.1%-17.0%-13.7%-20.5%-20.1%-20.6%-37.4%-14.7%5.3%30.1%19.5%
----7.089.943.203.2224.371.770.8217.273.630.160.120.121.533.950.920.34
----7.089.883.083.0224.371.770.8217.273.600.140.120.121.513.930.920.34
0.230.260.270.340.360.630.33--89.17-------17.962.324.12
8.4%-1.1%14.9%4.8%17.2%-0.7%-3.2%-----------457.1%34.2%3.6%
6.8%-0.9%11.7%3.6%12.7%-0.4%-2.4%-5.9%-5.3%18.1%-2.4%2.4%-0.2%2.1%20.3%-21.0%-20.9%-24.1%10.3%0.7%
-4.87-21.06-1.6813.75-0.74---------------

EBIT margin: not included in this filing.

A ratio outside any meaningful range has been withheld (balance sheet total €11.8m, equity €9.6m).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2021
0.7
Joined39
Left40

Source: social balance sheet in the 2021 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€81,528€367,935€1.3m€28,539€37,545
Financial fixed assets€148,968---€204,105
€90,615€108,936€352,710€52,096€51,640

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MARSON

The operating result for 2025 is a loss of €135,014, smaller than the loss of €180,246 in 2024.

Debt's share of the balance-sheet total falls from 20.6% to 18.8%. Equity is higher and debt is lower.

Large changes and their cause
  • 2022 Net result -71% on 2021. The 2021 profit included a one-off income of €1,194,414.

Board & ownership

Board

Last change in 2021
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 17: Vertegenwoordiging van de vennootschap Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij…”
deed of 27-08-2019

Office holders in the KBO →

Mandates through the years

3 names
VANGAEVER Dries
Director (not named in the articles)
VANGAEVER Marc
Director (not named in the articles)
Ursula Beyls
Manager
Earliermandate already running before its first mentionend not dated
Mandates as a list
  • VANGAEVER Dries
    • Director (not named in the articles), appointed by deed of 27-08-2019, until 27-08-2019
    • Director (not named in the articles), appointed by deed of 30-07-2021, until 30-07-2021
  • VANGAEVER Marc
    • Director (not named in the articles), appointed by deed of 27-08-2019, until 27-08-2019
    • Director (not named in the articles), appointed by deed of 30-07-2021, until 30-07-2021
  • Ursula Beyls
    • Manager, from before 16-04-2021, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€7,390,000
Shares
27,182
Contribution per share
€272
Equity per share
€351 in 2025
Source
2025 annual accounts

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-08-2019 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“6 jaar”
deed of 27-08-2019 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 10:00
deed of 16-04-2021 (in Dutch)

Capital transactions

Capital over time
  1. 30-07-2021 Capital increase of €700,750.34 · to €7,390,750.34 · 3,153 new shares, 11.6% of the 27,182 shares after the increase · in kind
  2. 30-07-2021 Capital reduction of €750.34 · to €7,390,000
  3. 16-04-2021 Capital stated in the deed · €6,690,000 · 24,029 shares

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyMARSON1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2014 to 2025
Holdings through the years
Name201420152016201720182019202020212022202320242025
ATTACHMENT TECHNOLOGY INTERNATIONAL 99.67%99.86%
VG REAL ESTATE 50%
URSULA BEYLS 98%

Source: list of holdings in its own accounts

Board mandates elsewhere

5 board mandates
Board mandates of MARSONMARSON sits on their board5
VG CONNECTIONS
Director
Founded in 2019 · turnover €472,634 (2025)
DEN HERT REAL ESTATE
Director
Founded in 2019 · total assets €393,541 (2025)
Bedrijvencentrum Lummen
Director
Founded in 2024 · total assets €332,542 (2025)
KAMPANJA
Director
No longer active · total assets €1.1m (2020)
NODIMA
Director
No longer active · total assets €16,961 (2020)

Acquisitions and mergers

2 transactions
Took over:NODIMA BV
BE 0731.748.204merger by absorption · Gazette deed of 30-07-2021 (4 deeds) · effective 17-03-2021
BE 0837.918.464merger by absorption · Gazette deed of 30-07-2021 (4 deeds) · effective 13-07-2021

Connections & network

Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

61 events since 1987

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 28 days late
2025
Back to profit net €803,601 The net result is €803,601, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0432321575
Annual accounts 2024 filed PDFabbreviated format · 29 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 30 days late
2023
Highest result from 2006 to 2025 net €1.3m ▲262% The net result of €1.3m is the highest of those years.
Liquidity more than 7 times current ratio 1037.35 The current ratio rises from 141.96 to 1037.35. Short-term debt falls from €9,389 to €7,546.
Annual accounts 2022 filed PDFabbreviated format · 11 days before the deadline
2022
Liquidity more than 20 times current ratio 141.96 The current ratio rises from 7.08 to 141.96. Short-term debt falls from €137,883 to €9,389.
Annual accounts 2021 filed PDFabbreviated format · 61 days late
2021
Back to profit net €1.2m The net result is €1.2m, after 4 loss-making years.
Merger: MARSON takes over NODIMACapital from €6,690,000 to €7,390,750.34, 3,153 new shares · Capital from €7,390,750.34 to €7,390,000 · Resignations: VANGAEVER Marc (director) and VANGAEVER Dries (director) · General meeting of 13-07-202116 points ▸
  • General meeting, 13-07-2021
  • Accounting effect, 01-01-2021, mentioned twice in the deed
  • Capital increase, €700,750.34
  • Capital, €7,390,750.34, 27,182 shares
  • Capital decrease, €750.34
  • Amendment of the articles, article 5
  • Director resignation, VANGAEVER Marc
  • Director resignation, VANGAEVER Dries
  • Director appointment, VANGAEVER Marc (director (not named in the articles))
  • Director appointment, VANGAEVER Dries (director (not named in the articles))
  • Registered office clause, Oostrozebekestraat 29, 8720 Dentergem (Markegem)
  • Power of attorney, Martine Vandemaele
  • Board composition, VANGAEVER Marc (director)
  • Board composition, VANGAEVER Dries (director)
  • Director discharge, VANGAEVER Marc
  • Director discharge, VANGAEVER Dries
  • The deed holds 15 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2020 filed PDFabbreviated format · 37 days before the deadline
Merger proposal: MARSON NV takes over NODIMA BVPermanent representatives: Marc Vangaever and Dries Vangaever · Name clause: NODIMA13 points ▸
  • Incorporation, 16-07-2019
  • Registered office clause, Oostrozebekestraat 30, 8720 Dentergem
  • Name clause, NODIMA
  • Capital, €700,740.35, 11,654 shares
  • Board composition, ATTEC INT'L (director)
  • Permanent representative, Marc Vangaever
  • Permanent representative, Dries Vangaever
  • Incorporation, 24-06-2011
  • Capital, €500, 50 shares
  • Capital, €6,690,000, 24,029 shares
  • Board composition, Dries Vangaever (director)
  • Board composition, Marc Vangaever (director)
  • Accounting effect, 01-01-2021
  • The deed holds 16 more points.

Open the deed in the Belgian Official Gazette

2020
Liquidity more than triples current ratio 9.94 The current ratio rises from 3.20 to 9.94.
Annual accounts 2019 filed PDFabbreviated format · 87 days late
2019
Equity above €5m equity €6.0m Equity rises from -€137,855 to €6.0m.
2 directors appointed, 2 resignationsCapital from €400,000 to €3,454,924.51, 21,247 new shares · Capital after the increase: €6,693,268.54 · Capital from €6,693,268.54 to €6,690,00017 points ▸
  • Auditor report, 10-07-2019
  • Capital increase, €3,054,924.51
  • VANGAEVER Dries holds 150 shares
  • VANGAEVER Marc holds 23,879 shares
  • VANGAEVER Dries holds 23,879 shares
  • Capital increase, €3,238,344.03
  • Capital, €6,693,268.54, 24,029 shares
  • Capital decrease, €3,268.54
  • Capital, €6,690,000, 24,029 shares
  • Director resignation, VANGAEVER Dries
  • Director resignation, VANGAEVER Marc
  • Director discharge, VANGAEVER Dries
  • Director discharge, VANGAEVER Marc
  • Director appointment, VANGAEVER Dries (director (not named in the articles))
  • Director appointment, VANGAEVER Marc (director (not named in the articles))
  • Registered office clause, Oostrozebekestraat 29, 8720 Dentergem (Markegem)
  • Power of attorney, Martine Vandemaele
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFabbreviated format · 33 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 41 days before the deadline
2017
Liquidity more than 13 times current ratio 24.37 The current ratio rises from 1.77 to 24.37. Short-term debt falls from €68,098 to €3,455.
Annual accounts 2016 filed PDFabbreviated format · 35 days before the deadline
2016
Back to profit net €247,015 The net result is €247,015, after one loss-making year.
Liquidity more than doubled current ratio 1.77 The current ratio rises from 0.82 to 1.77. Short-term debt falls from €344,243 to €68,098.
Annual accounts 2015 filed PDFabbreviated format · 11 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 20 days late
2014
Back to profit net €34,645 The net result is €34,645, after one loss-making year.
Liquidity more than quadruples current ratio 17.27 The current ratio rises from 3.63 to 17.27. Short-term debt falls from €20,833 to €18,385.
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
2013
Liquidity more than 22 times current ratio 3.63 The current ratio rises from 0.16 to 3.63. Short-term debt falls from €35,381 to €20,833.
Annual accounts 2012 filed PDFabbreviated format · 7 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 62 days before the deadline
2011
Back to profit net €250,913 The net result is €250,913, after 3 loss-making years.
Annual accounts 2010 filed PDFabbreviated format · 52 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 33 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 39 days before the deadline
2008
Weakest financial year net -€427,608 The net result drops to -€427,608, the lowest from 2006 to 2025. It recovers the following year.
Liquidity more than quadruples current ratio 3.95 The current ratio rises from 0.92 to 3.95. Short-term debt falls from €159,493 to €50,533.
Annual accounts 2007 filed PDFabbreviated format · 49 days before the deadline
2007
Equity above €500,000 equity €521,156 ▲51.9% With a profit in every financial year since 2006, equity grows to €521,156.
Annual accounts 2006 filed PDFabbreviated format · 43 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
First establishment Oostrozebekestraat 29, Dentergem
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1987
Incorporation published on 19-11-1987

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 21 October 1987, MARSON was incorporated.1 A capital increase in 2021 brought the capital to €7.4m.2 NODIMA BV and URSULA BEYLS COMMV were merged into the company in 2021.2 Total assets went from €9.7m in 2021 to €11.8m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-07-2021
  3. 3National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0432.321.575
VAT number
BE 0432.321.575
Peppol ID
0208:0432321575
Other Peppol ID
9925:BE0432321575
LEI code
8945005NURH9CFT18S36 live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
21-10-1987
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of May at 10:00
deed of 16-04-2021 (in Dutch)
Peppol
Reachable since 15-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MARSON in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-08-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Oostrozebekestraat 29 8790 Dentergem”
deed of 16-04-2021 (in Dutch)

Activities

NACEBEL 2025
56301 Cafés and bars main activity
77320 Rental and leasing activities
Joint committees annual accounts 2022
JC 302 Hotels and catering
Codes under NACEBEL 2008
56301 Cafés and bars main activity
77320 Rental and leasing activities
Codes under NACEBEL 2003
71320 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Verhuring in het algemeen van alle roerende goederen en onderhoud en herstellen van deze; Verhuring van alle hydraulische en motorisch…”
21 activities
  1. Verhuring in het algemeen van alle roerende goederen en onderhoud en herstellen van deze;
  2. Verhuring van alle hydraulische en motorisch aangedreven compacte graaf, hef-, hijsmachines, compacte kranen, kettinggravers met alle mogelijke verwisselbare aanbouwonderdelen zowel dienstig voor grondwerken, graafwerken, afbraakwerken, landbouw- en tuinbouwwerken, boorwerken, bosontginningswerken, opruimings- en opkuiswerken, enzovoorts, zonder dat deze opsomming limitatief weze;
  3. Onderneming tot het goederenvervoer langs de weg zowel voor eigen rekening als voor rekening van derden;
  4. Werkplaats tot algemeen onderhoud en herstelling van alle machines onderdelen en aanbouwaccessoires welke in de verhuur bestaan en aanwezig zijn;
  5. Alle commerciële, industriële, financiële, roerende en onroerende verrichtingen in rechtstreeks en onrechtstreeks, geheel of gedeeltelijk verband met het maatschappelijk doel, of van aard van de verwezenlijking ervan te vergemakkelijken of uit te breiden;
  6. Onderneming voor adviesveriening inzake het beheer van vennootschappen, het verstrekken van interimmanagement, het leveren van diensten en prestaties op het gebied van verkoop promotie, uitbouw van relatienetwerken, organisatie van operationele en administratieve processen;
  7. Onderneming voor bemiddeling inzake handelsovereenkomsten en verdediging van dossiers bij kredietverstekkers en handelspartners;
  8. Onderneming voor de uitwerking en opvolging van management informatie systemen;
  9. De vennootschap kan deze prestaties leveren als externe consultant of kan voor die doeleinden mandaten, zoals onder meer bestuurder of vereffenaar, opnemen in andere vennootschappen. De onderneming kan ten dien einde participaties nemen in vennootschappen waar zij haar doel kan helpen verwezenlijken.
  10. De onderneming kan zich borgstellen voor derden, al dan niet vennootschappen of ondernemingen waar zij haar adviesopdrachten uitvoert;
  11. Onderneming voor de ontwikkeling van vastgoedprojecten en beleggingen, speculatie en investering in onroerende en roerende goederen, dit alles voor eigen rekening en/of op commissiebasis;
  12. Groot-en kleinhandel in: import en export van motor-/vlieg- of vaartuigen, zowel nieuwe als tweedehands, met specialisatie in oldtimers met inbegrip van motorrijwielen en motorhomes;
  13. Investeren in oldtimers met de bedoeling al dan niet grondig op te knappen exemplaren in perfecte staat te zetten om die te verkopen of om die als publicitair materiaal uit te baten of om die te verhuren;
  14. Groot-en kleinhandel in onderdelen en toebehoren voor motorvoertuigen;
  15. Herstelplaats en service-station voor motorvoertuigen.
  16. De vennootschap heeft ook tot doel, zowel in België als in buitenland: het uitbaten van horecaexploitaties, hieronder begrepen cafés, restaurants, snackbars, take-away punten, drank- en voedingsautomaten, hotels;
  17. Pop-up bars, foodtrucks, wine-bars, frituren, feestzalen, vergaderzalen, broodjeszaken, eet-en drankkramen en meer bepaald alle inrichtingen waar eten of drank aan het algemeen of aan een beperkt publiek geserveerd wordt met of zonder bediening of voor afhaling beschikbaar is of via koerier op locatie gebracht wordt.
  18. De vennootschap kan alle rechtshandelingen en daden stellen in rechtstreeks of onrechtstreeks verband met haar maatschappelijk doel. Zij kan dit doen in België en in het buitenland, en voor eigen rekening en voor rekening van derden.
  19. Zij kan hiertoe deelnemen op gelijk welke wijze, rechtstreeks of zijdelings samenwerken met of belangen nemen in ondernemingen van allerlei aard.
  20. Activiteiten waarvoor de vennootschap niet zelf over de vereiste activiteitenattesten zou beschikken, zullen in onderaanneming worden uitgegeven.
  21. Kortom, zij mag alles doen wat verband houdt met bovengemeld voorwerp, of wat van aard is de verwezenlijking ervan te bevorderen.
deed of 16-04-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Oostrozebekestraat 29 registered office 8720 Dentergem 46190 Agents in non-specialised wholesale trade 02-04-1996 2.102.707.404

Buildings and parcels at the address

Ground area
235 m²
Buildings
235 m²
Volume, LiDAR
1,237 m³
Tallest building
8.2 m
Buildings to scale, each on its own parcel
235 m², 8.2 m 235 m², 8.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
37006A0367/00C000235 m² 1 · 235 m² 8.2 m · 2

Recognitions

Dual-learning approval

3 ended
Hulpkelner (so)
discontinued · 2019 to 2022
Hulpkelner (vwo)
discontinued · 2019 to 2022
Hulpkelner duaal (so)
discontinued · 2019 to 2022

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