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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
Marbel from Zulte, company number BE0419855590, closed financial year 2025 with a result of € 136,286 after tax. For that financial year Marbel recorded a gross margin of € 29,084 and equity of € 5.6 million. Compared with financial year 2024, the result moved from € 488,603 to € 136,286. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 5.6 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 136,286
▼ 72% vs 2024
Profit after tax over the fiscal year.
€ 366,417
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 62,500 paid out
46 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 8,541
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13,849
▼ 95% vs 2024
€ 5,985 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3,901
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 83,208
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 71,792 | € 69,555 | € 23,178 | € 29,084 | ▲ 25% |
| Profit after taxes | € 12,470 | € -82,819 | € 488,603 | € 136,286 | ▼ 72% |
| Equity | € 5,144,985 | € 5,062,166 | € 5,550,769 | € 5,624,556 | ▲ 1% |
| Total debts | € 131,925 | € 250,420 | € 347,695 | € 123,705 | ▼ 64% |
| Cash | € 42,471 | € 38,574 | € 715,832 | € 366,417 | ▼ 49% |
| Land & buildings | € 1,906,359 | € 2,081,593 | € 2,023,263 | € 1,959,203 | ▼ 3% |
| Retained profit | € 4,599,619 | € 4,516,800 | € 5,005,404 | € 5,079,190 | ▲ 1% |
| Dividend | € 5,500 | € 0 | € 0 | € 62,500 | |
| Bank debt | € 116,000 | € 124,650 | € 253,850 | € 13,849 | ▼ 95% |
| Balance sheet total | € 5,466,228 | € 5,479,344 | € 6,042,662 | € 5,870,495 | ▼ 3% |
Key figures of Marbel, 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 Marbel?
What happened at Marbel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 136,286 (▼ 72% vs 2024). Source: NBB ↗
- Bert Van Heule became a director. NBB
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,470 profit in 2022 to € 136,286 profit in 2025.
Paid € 144,069 in corporate taxes since 2022.
Best year ever: 2024, with € 488,603 profit.
Paid out € 68,000 in dividends to the owners in total.
Management
Behind Marbel is Bert Van Heule. Bert Van Heule is also behind B2 PROJECTEN.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Dorpsstraat 41
9870 Zulte
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.855.590
- VAT number
- BE 0419.855.590
- Registered office
- Dorpsstraat 41, 9870 Zulte
- Names & denominations
- Marbel
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1979
- Peppol
- Not registered