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MARSTEF

Active Private limited companyfounded 2008active for 18 yearsSint-Elooistraat 20, 8210 ZedelgemKBO/BCE: BE 0806.991.993

Lifetime

17 annual accounts with figures on one time axis
peak €61,382 (2024)
€35,836▼ 41.6%
lowest -€13,927 (2009)
€250▲ €1,149
peak €19,717 (2023)
€19,069▲ 1.3%
€372,225▼ 22.0%
Board2 names since 2008
2 directors and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €61,382 to €35,836Back to profit: €250Registered-office move 06-02Debts from €477,344 to €372,225Cash from €1,437 to €2,436

Key points

from the 2025 annual accounts

Turnover

≈ €59,000 estimated

The micro format states no turnover.

Debts

€372,225 95% of the balance sheet
Financial debts 76%Suppliers 0%Taxes and wages 0%Other 24%

Of this, €88,895 falls due within a year.

Filings

17 annual accounts since 2009
AprilJune31 JulyOctober2010201520202025

The 2019 accounts came 17 days late. The other nine of the last ten were filed on time.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,374 companies had the same profile as MARSTEF has now. Each dot stands for 4 companies, two years later.

95.9%
were still trading
1.6%
stopped another way
2.2%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet

Another 0.3% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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 2.9% 3.1%
10 5.6% 6.1%

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 1,374 companies, not a prediction for MARSTEF. 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

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

Signals

Board and ownership

Director, since 09-10-2008
Director, since 09-11-2021
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0806991993
Registered-office move Board meeting of 15-01-2025 · Gazette deed
Legal-form change · Resignations & appointments Gazette deed
Incorporation published on 13-10-2008 · Gazette deed
All 26 events

Comparable companies

same main activity, similar in size and age
Company
MARSTEF Zedelgem €391,294 €35,836 4.9% -
IMMOBOUGON Beloeil €371,940 €36,937 -47.9% -
Castell Investments Antwerp Antwerp €394,065 €43,798 16.7% -
31 FRAGNEE Chaudfontaine €417,795 €41,639 86.6% -
IMMO.BAT+ Villers-la-Ville €467,677 €34,003 7.8% -
IL SOGNO Middelkerke €365,781 €44,609 32.7% -
JAMAKOR Kortemark €465,516 €28,188 18.6% -

These companies have the same main activity as MARSTEF: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €366,000 and €468,000, founded between 2003 and 2008.

Official details

Source: KBO
Status
Active since 09-10-2008Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
Establishment unit
2.282.407.9218210 Zedelgem, since 09-10-2008
Financial year end
31 December
Peppol
Reachable since 02-10-2025
Company details

Annual accounts 2025

€391,294▼ 21.1%
Filing
Filed on 31-07-2026, on the last day of the filing period
Financials

Insights on MARSTEF

MARSTEF files the micro format. That format states no turnover. The gross margin rose from €23,062 in 2009 to €35,836 in 2025.

The balance sheet grew most in 2018 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MARSTEF

What is the company number of MARSTEF?
The company number of MARSTEF is 0806.991.993. The VAT number is the same number with BE in front: BE 0806.991.993.
Where is MARSTEF based?
The registered office is at Sint-Elooistraat 20, 8210 Zedelgem.Company details
What does MARSTEF do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of MARSTEF?
MARSTEF is a private limited company (BV).
When was MARSTEF founded?
MARSTEF was founded on 09-10-2008.
Is MARSTEF still active?
Yes, MARSTEF is an active enterprise in the KBO register.
What is the turnover of MARSTEF?
The turnover in financial year 2025 is ≈ €59,000. This figure is estimated from the gross margin of €35,836 and 51 comparable companies (NACE 682). It probably lies between €44,000 and €85,000.Financials
Is MARSTEF profitable?
In financial year 2025, MARSTEF made a profit of €250.
Where can I find the annual accounts of MARSTEF?
MARSTEF filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MARSTEF due?
MARSTEF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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