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.
Financials
Financial year 2025
MARCHAL FRERES from Genappe, company number BE0430028318, closed financial year 2025 with a result of € -4,283 after tax. For that financial year MARCHAL FRERES recorded a gross margin of € 74,251 and equity of € 24,293. Compared with financial year 2024, the result moved from € -16,811 to € -4,283. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 24,293
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,283
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 20,742
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -31,707.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 50,154
▲ 102% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 20,711
▼ 38% vs 2024
Of which on lease € 6,127.
Debts at end 2025
€ 45,369
▼ 43% vs 2024
€ 21,507 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 26,624
▼ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,497
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,553 | € 35,575 | € 44,141 | € 74,251 | ▲ 68% |
| Profit after taxes | € 5,062 | € -3,208 | € -16,811 | € -4,283 | ▲ € 12,528 |
| Equity | € 48,594 | € 45,386 | € 28,576 | € 24,293 | ▼ 15% |
| Total debts | € 118,683 | € 113,814 | € 154,324 | € 131,080 | ▼ 15% |
| Cash | € 16,140 | € 29,194 | € 32,783 | € 20,742 | ▼ 37% |
| Land & buildings | € 36,267 | € 32,275 | € 27,683 | € 23,390 | ▼ 16% |
| Retained profit | € -7,406 | € -10,614 | € -27,424 | € -31,707 | ▼ € 4,283 |
| Bank debt | € 93,986 | € 87,721 | € 79,967 | € 45,369 | ▼ 43% |
| Balance sheet total | € 167,277 | € 159,200 | € 182,900 | € 155,373 | ▼ 15% |
Key figures of MARCHAL FRERES, 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 MARCHAL FRERES?
What happened at MARCHAL FRERES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,283. filed late Source: NBB ↗
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,062 profit in 2022 to € 4,283 loss in 2025.
Paid € 4,129 in corporate taxes since 2022.
Best year ever: 2022, with € 5,062 profit.
Management
Behind MARCHAL FRERES is Philippe Marchal.
Directors
According to the 2025 annual accounts
Philippe Marchal
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Rue du Fond des Bois 15
1470 Genappe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.028.318
- VAT number
- BE 0430.028.318
- Registered office
- Rue du Fond des Bois 15, 1470 Genappe
- Names & denominations
- MARCHAL FRERES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1986
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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Installatie van verwarming, klimaatregeling en ventilatie
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Overige gespecialiseerde bouwwerkzaamheden
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis