Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Marcel Etienne & C° from Watermaal-Bosvoorde, company number BE0406892927, closed financial year 2025 with a result of € -13,942 after tax. For that financial year Marcel Etienne & C° recorded a gross margin of € 9,971 and equity of € 309,878. Compared with financial year 2024, the result moved from € 14,987 to € -13,942. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 309,878
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,942
▼ still € 14,987 profit in 2024
Profit after tax over the fiscal year.
€ 52
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 118,282.
Debts at end 2025
€ 149,058
▼ 5% vs 2024
€ 11,977 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 16,904
▲ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,470 | € 12,494 | € 15,715 | € 9,971 | ▼ 37% |
| Profit after taxes | € 1,467 | € 16,561 | € 14,987 | € -13,942 | ▼ € 28,929 |
| Equity | € 292,271 | € 308,833 | € 323,820 | € 309,878 | ▼ 4% |
| Total debts | € 190,875 | € 179,522 | € 168,543 | € 165,962 | ▼ 2% |
| Cash | € 38 | € 38 | € 244 | € 52 | ▼ 79% |
| Land & buildings | € 207,113 | € 196,093 | € 185,073 | € 174,052 | ▼ 6% |
| Retained profit | € 80,681 | € 103,907 | € 125,559 | € 118,282 | ▼ 6% |
| Bank debt | € 189,665 | € 176,313 | € 157,680 | € 149,058 | ▼ 5% |
| Balance sheet total | € 652,101 | € 638,178 | € 635,094 | € 615,475 | ▼ 3% |
Key figures of Marcel Etienne & C°, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Marcel Etienne & C°?
What happened at Marcel Etienne & C° in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,942 (▼ € 28,929 vs 2024). filed late Source: NBB ↗
- Nathalie ETIENNE became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Watermaal-Bosvoorde. KBO
In short
From € 1,467 profit in 2022 to € 13,942 loss in 2025.
Paid € 2,962 in corporate taxes since 2022.
Best year ever: 2023, with € 16,561 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Marcel Etienne & C° is Nathalie ETIENNE.
Directors
According to the 2025 annual accounts
Nathalie ETIENNE
Manager
since 2015
Establishments
Establishment units
Physical locations of this company
Emile Van Becelaerelaan 26b
1170 Watermaal-Bosvoorde
Emile Van Becelaerelaan 26 box 20
1170 Watermaal-Bosvoorde
Active since 1 November 1969
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.892.927
- VAT number
- BE 0406.892.927
- Registered office
- Emile Van Becelaerelaan 26b, 1170 Watermaal-Bosvoorde
- Names & denominations
- Marcel Etienne & C°
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 1969
- Peppol
- Not registered