Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
Financials
Financial year 2025
MARSAN from Ukkel, company number BE0426847213, closed financial year 2025 with a result of € 36,856 after tax. For that financial year MARSAN recorded revenue of € 614,149 and equity of € -624,959. Compared with financial year 2024, the result moved from € -788,950 to € 36,856. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -624,959
▲ € 36,856 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 36,856
▲ still € 788,950 loss in 2024
Profit after tax over the fiscal year.
€ 93,345
▲ € 86,458 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 € -710,209.
People and assets in 2025
1.1
Average over the fiscal year, from the social balance sheet.
€ 46,996
€ 42,700 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.
€ 20,105
▲ 2% vs 2024
Of which on lease € 9,568.
Debts at end 2025
€ 6,519
▼ 99% vs 2024
Loans from banks and other lenders, long and short.
€ 65,859
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 80,984
▲ € 79,782 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,000 | € 80,701 | € 660,620 | € 614,149 | ▼ 7% |
| Gross margin | € 58,922 | € 85,799 | € 742,813 | € 151,067 | ▼ 80% |
| Profit after taxes | € 2,170 | € 30,974 | € -788,950 | € 36,856 | ▲ € 825,806 |
| Equity | € 96,161 | € 127,135 | € -661,815 | € -624,959 | ▲ € 36,856 |
| Total debts | € 297,575 | € 231,652 | € 954,209 | € 1,123,117 | ▲ 18% |
| Cash | € 1,667 | € 1,430 | € 6,887 | € 93,345 | ▲ € 86,458 |
| Land & buildings | € 276,951 | € 265,711 | € 0 | - | |
| Retained profit | € 10,911 | € 41,885 | € -747,065 | € -710,209 | ▲ € 36,856 |
| Bank debt | € 32,082 | € 24,023 | € 665,551 | € 6,519 | ▼ 99% |
| Balance sheet total | € 393,735 | € 358,787 | € 292,394 | € 498,157 | ▲ 70% |
| Employees (FTE) | - | - | - | 1.1 |
Key figures of MARSAN, 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 MARSAN?
What happened at MARSAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 36,856. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,170 profit in 2022 to € 36,856 profit in 2025.
Paid € 1,786 in corporate taxes since 2022.
Best year ever: 2025, with € 36,856 profit.
On average € 137,300 of value added per employee in 2025.
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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
The stake of BJYC INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARSANBehind MARSAN is Mordhay KISSOUS. The shares are held by BJYC INVEST (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Denneboslaan 20
1180 Ukkel
Gentse steenweg 180
9300 Aalst
Active since 1 April 1985
Louizalaan 179
1050 Brussel
Active since 24 September 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0426.847.213
- VAT number
- BE 0426.847.213
- Registered office
- Denneboslaan 20, 1180 Ukkel
- Names & denominations
- MARSAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 January 1985
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen