Marvan Pan
ActiveFrom the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Marvan Pan has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,034 and a net result of €1,785. Equity is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 35% of 13,692 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 08-10-2015 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue François-Hittelet 84, 5190 Jemeppe-sur-Sambre
- Activity
- Non-specialised wholesale NACE 46392and 5 others
- Establishment unit
- 2.248.773.566 5190 Jemeppe-sur-Sambre, since 08-10-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Who decides
Board
- TM DISTRIBUTIONDirector · since 28-11-2018 · permanent representative MARCHAL Thierry Janine Robert
Shareholders
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €3,057
- ▼ 28.7%
- Turnover
- ≈ €51,000
- estimated
- Profit
- €1,785
- ▼ 35.0%
- Equity
- €36,034
- ▲ 5.2%
- Total assets
- €177,550
- ▲ 6.8%
2025 accounts 35 days early
Filed on 26-06-2026at the National Bank
Why 87raises riskSector: Wholesale trade (NACE 46)lowers riskLiquidity: current ratio 1.25, cash €62,486Founded in 2015Figures for financial year 2025 (filed 26-06-2026)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Average
Solvency
45-1
equity 20.3% of total assets
Liquidity
50+24
short-term debt 79.7% · cash 35.2%
Profitability
40-2
return on assets 1.0%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.2 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.6%▼ -0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.4%▼ -0.2 percentage points vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.7 percentage points vs 09-2026lowest value
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.25, compared with 1.26 in 2024, below the usual 1.5; short-term debt: 79.7% and cash: 35.2% of total assets), and 79.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 32% on solvency, 54% on liquidity, 32% on profitability and 55% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
25 days late
2023
12 days late
2022
31 days late
2021
30 days early
2020
31 days late
2019
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% 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 13 August (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: 8 profitable years in a rowprofit 2025: €1,785 8 years View
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 26-06-2026
- Annual accounts 2024filed on 25-08-2025
- Annual accounts 2023filed on 12-08-2024
- Annual accounts 2022filed on 31-08-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Marvan Pan
- What is the company number of Marvan Pan?
- 0640.725.877. In Belgium the VAT number is the company number with BE in front: BE 0640.725.877.
- Where is Marvan Pan based?
- The registered office is at Rue François-Hittelet 84, 5190 Jemeppe-sur-Sambre.Company details
- What does Marvan Pan do?
- According to the KBO register, the main activity is non-specialised wholesale (NACE 46392).
- What is the legal form of Marvan Pan?
- Private limited company (BV).
- When was Marvan Pan founded?
- On 08-10-2015.
- Is Marvan Pan still active?
- Yes, Marvan Pan is an active enterprise in the KBO register.
- What is the turnover of Marvan Pan?
- ≈ €51,000 in financial year 2025. Estimated from the gross margin of €3,057: probably between €24,000 and €82,000, based on 48 comparable companies, NACE 463. A rough estimate.Financials
- Is Marvan Pan profitable?
- In financial year 2025, Marvan Pan made a profit of €1,785.
- Where can I find the annual accounts of Marvan Pan?
- Marvan Pan filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of Marvan Pan due?
- By 31-07-2027, for financial year 2026.Timeline
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