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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 8.9 to 6.4.
Financials
Financial year 2025
Marbor from Tongeren-Borgloon, company number BE0412038182, closed financial year 2025 with a result of € -154,858 after tax. For that financial year Marbor recorded a gross margin of € 130,398 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € -115,335 to € -154,858. 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 July 3, 2026.
€ 1.4 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -154,858
▼ 34 % more loss than in 2024
Profit after tax over the fiscal year.
€ 82,131
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 839,006.
People and assets in 2025
6.4
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 202,156
▼ 1% vs 2024
€ 31,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,378
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 300,000
▲ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 22,679
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,596
▼ 36% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 622,709 | € 377,495 | € 202,296 | € 130,398 | ▼ 36% |
| Profit after taxes | € 59,894 | € -40,952 | € -115,335 | € -154,858 | ▼ € 39,523 |
| Equity | € 1,700,152 | € 1,659,199 | € 1,543,864 | € 1,389,006 | ▼ 10% |
| Total debts | € 913,978 | € 1,040,312 | € 935,376 | € 884,132 | ▼ 5% |
| Cash | € 228,936 | € 113,362 | € 97,193 | € 82,131 | ▼ 15% |
| Land & buildings | € 330,517 | € 294,019 | € 266,224 | € 241,151 | ▼ 9% |
| Retained profit | € 1,150,152 | € 1,109,199 | € 993,864 | € 839,006 | ▼ 16% |
| Bank debt | € 400,000 | € 348,000 | € 260,000 | € 300,000 | ▲ 15% |
| Balance sheet total | € 2,614,130 | € 2,699,512 | € 2,479,240 | € 2,273,138 | ▼ 8% |
| Employees (FTE) | 10 | 8.9 | 7.2 | 6.4 | ▼ 0.8 |
Key figures of Marbor, 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 Marbor?
What happened at Marbor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 154,858. Source: NBB ↗
- Rita Lambrichts became a director. NBB
- Stakim became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Tongeren-Borgloon. KBO
In short
From € 59,894 profit in 2022 to € 154,858 loss in 2025.
Best year ever: 2022, with € 59,894 profit.
On average € 20,400 of value added per employee in 2025.
Management
Behind Marbor are Stakim and Rita Lambrichts. The shares are held by Stakim nv (100%). It owns 33% of HMD nv itself.
Directors
According to the 2025 annual accounts
Managing director, Director · represented by Rigo Dethier
Also active at: COSEMANS CONSTRUCTIES, H.M.D., NIEUWMOLEN
since 2024
since 2026
Shareholders
100%
Participations
33%
Establishments
Establishment units
Physical locations of this company
Beekstraat 50
3840 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0412.038.182
- VAT number
- BE 0412.038.182
- Registered office
- Beekstraat 50, 3840 Tongeren-Borgloon
- Names & denominations
- Marbor
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 1972
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- marbor.be
- Activities · NACE
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