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Generated 28-07-2026
Active BE 0805.569.558Private limited company

Marsu Management

Ninoofsesteenweg(P) 93B ·1670 Pepingen, Belgium· 2 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of Marsu Management is 0.7% (low). The 2024 annual accounts show equity of €3k and a net result of €-7k. Its solvency ranks better than 95% of 12430 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €3k
Net result €-7k
Better than sector 95%
Active 2 yrs
Snowflake analysis 5 axes · computed by Checked
Health37Profitability0Solvency100Growth32Stability82
50 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 37
Profitability 0
Solvency 100
Growth 32
Stability 82
Bankruptcy probability (12 mo) Checked model v1 · free
0.7% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
37 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 10-07-2025 with the NBB · fiscal year 2024 · micro
€-8k€-6k€-4k€-2k€0Operating result 2023: €-5k€-5kNet result 2023: €-5k€-5kOperating result 2024: €-7k€-7kNet result 2024: €-7k€-7k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 100.0% 60.6%
better than 95% of 12430 sector peers
Net result €-7k €31k
better than 9% of 12432 sector peers
Equity €3k €63k
better than 10% of 12438 sector peers
Gross operating margin €-7k €52k
better than 5% of 12418 sector peers
Total assets €3k €124k
better than 5% of 12431 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-7k
-50.7% 23-24
Total assets
€3k
-74.3% 23-24
Equity
€3k
-74.3% 23-24
Solvency
100.0%
0.0% 23-24
ROE
-289.2%
-486.3% 23-24
ROA
-289.2%
-486.3% 23-24
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA-
Net profit€-7k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€3k
Equity€3k
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2024
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-289.2%
ROE-289.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€3k
Current assets 29/58€3k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€173
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3k
Equity 10/15€3k
Contributions / capital 10/11€15k
Accumulated profits (losses) 14€-12k
Income statement
Gross operating margin 9900€-7k
Operating result 9901€-7k
Financial charges 65€44
Result before taxes 9903€-7k
Net result for the period 9904€-7k
Result to be appropriated 9905€-7k
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Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • iFinLegal entity
    Director· perm. rep.: Van der Speeten Chris
    State Gazette act 26300656 (05-01-2026)
    Current
    05-01-2026 → present
  • SEMET Tanguy
    Director
    State Gazette act 26300656 (05-01-2026)
    Current
    05-01-2026 → present
Former directors (1)
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Private limited company(610)
Incorporation07-09-2023
StatusActive
Postal code1670
Connections & network 2 connected companies
Group structure
iFin
Parent · 1 subsidiary · 1 location
Control→
Network connections
ALoan
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 1 location
Aqua Heat
Ganzenbos 20, 1730 AsseReparatie en onderhoud van verwarmingsinstallaties
since 20232.349.129.766
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23041B0008/00M000 Flanders 970 m² 1 · 165 m² 11.0 m · 2 fl.
23064E0151/00A002 Flanders 193 m² 1 · 111 m² 13.5 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
05-01-2026
State Gazette act Statutes amendment
v3.2
2025
10-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
12-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
11-09-2023
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 6 months ago
2026
05-01-2026 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": true,
    "seat_change": true,
    "object_change": true,
    "effective_date": "2025-11-19",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0805.569.558",
    "name_full": "AQUA HEAT",
    "legal_form": "BV"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2023
11-09-2023 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1730 Asse, Ganzenbos 20",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1981-12-04",
        "name": "DE KIMPE Bart Martha Gustaaf",
        "niss": null,
        "address": "1730 Asse, Ganzenbos 20"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 15000,
      "holder_person_name": "DE KIMPE Bart Martha Gustaaf",
      "is_subscriber_only": true,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 15000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 15000,
  "subject_company": {
    "kbo": "0805.569.558",
    "name_full": "Aqua Heat",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2023-09-04",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige dienstverlenende activiteiten op het gebied van informatie63920Arbeidsbemiddeling78100Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL Marsu Management
Registered office
Ninoofsesteenweg(P) 93B
1670 Pepingen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative