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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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Marnor from Brussel, company number BE0421106197, closed financial year 2025 with a result of € 4.7 million after tax. For that financial year Marnor recorded a gross margin of € -8,120 and equity of € 39.2 million. Compared with financial year 2024, the result moved from € 1.2 million to € 4.7 million. Profitable, and profit is growing. 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 January 31, 2026.
€ 39.2 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.7 million
▲ 288% vs 2024
Profit after tax over the fiscal year.
€ 161,014
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 38.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,168
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 439,975
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,417 | € -6,994 | € -7,652 | € -8,120 | ▼ € 468 |
| Profit after taxes | € 12,958 | € 746,108 | € 1,198,276 | € 4,651,764 | ▲ 288% |
| Equity | € 42,277,019 | € 43,023,128 | € 34,523,404 | € 39,175,168 | ▲ 13% |
| Total debts | € 10,777 | € 9,003 | € 9,703,435 | € 445,143 | ▼ 95% |
| Cash | € 2,628,499 | € 3,352,833 | € 8,565,476 | € 161,014 | ▼ 98% |
| Retained profit | € 41,902,019 | € 42,648,128 | € 34,148,404 | € 38,800,168 | ▲ 14% |
| Dividend | € 0 | € 0 | € 9,698,000 | € 0 | ▼ 100% |
| Balance sheet total | € 42,287,796 | € 43,032,130 | € 44,226,839 | € 39,620,311 | ▼ 10% |
Key figures of Marnor, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Marnor?
What happened at Marnor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.7 million (▲ 288% vs 2024). filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,958 profit in 2022 to € 4.7 million profit in 2025.
Paid € 536,525 in corporate taxes since 2022.
Best year ever: 2025, with € 4.7 million profit.
Paid out € 9.7 million in dividends to the owners in total.
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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 Marnor are Coralie Waucquez, Waukint sa and Priscilla Waucquez. It owns 94.4% of Marinvest itself.
Directors
According to the 2025 annual accounts
Coralie Waucquez
Director
Also active at: Les Foyers Réunis, MAISONS HAYOIT, AGEMAR, Immo VSM C, CORAINVEST, CORAVENTURE, MARINVEST, CORAFINE
Director · represented by Loïc Waucquez
Also active at: Les Foyers Réunis, LES BARALBINS, SERA INVEST
Establishments
Establishment units
Physical locations of this company
Marnixlaan 19A box 26
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.106.197
- VAT number
- BE 0421.106.197
- Registered office
- Marnixlaan 19A bus 26, 1000 Brussel
- Names & denominations
- Marnor
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 1980
- Peppol
- Active · Active since 25 Nov 2025