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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Late annual account NBB
Fiscal year 2024 was filed 197 days after the legal deadline.
Financials
Financial year 2024
MARSH EUROPE from Oudergem, company number BE0456421226, closed financial year 2024 with a result of € 1.4 million after tax. For that financial year MARSH EUROPE recorded revenue of € 8 million and equity of € 1.7 million. Compared with financial year 2023, the result moved from € 3.4 million to € 1.4 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 13, 2026.
€ 1.7 million
▼ 27% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▼ 60% vs 2023
Profit after tax over the fiscal year.
€ 1.9 million
▼ 30% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
18.6
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▲ 1% vs 2023
€ 303,300 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.
€ 346,344
▼ 2% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 6.4 million
▼ 4% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 491 days on average.
€ 2 million
▼ 27% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 6,137,748 | € 6,458,355 | € 12,129,352 | € 7,965,731 | ▼ 34% |
| Profit after taxes | € 1,757,892 | € 1,030,273 | € 3,423,470 | € 1,355,869 | ▼ 60% |
| Equity | € 1,921,164 | € 951,437 | € 2,374,907 | € 1,730,776 | ▼ 27% |
| Total debts | € 10,946,015 | € 9,839,028 | € 14,016,918 | € 13,127,447 | ▼ 6% |
| Cash | € 5,508,181 | € 2,903,629 | € 2,660,266 | € 1,862,314 | ▼ 30% |
| Retained profit | € 1,859,191 | € 889,464 | € 2,312,934 | € 1,668,803 | ▼ 28% |
| Dividend | € 4,000,000 | € 2,000,000 | € 2,000,000 | € 2,000,000 | |
| Balance sheet total | € 12,867,179 | € 10,790,464 | € 16,435,603 | € 14,902,001 | ▼ 9% |
| Employees (FTE) | 18.8 | 19.4 | 19.4 | 18.6 | ▼ 0.8 |
Key figures of MARSH EUROPE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MARSH EUROPE?
What happened at MARSH EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Olivier VAN DROMME stepped down as director. NBB
- Sandra KOZINA stepped down as director. NBB
- Tomas ZUFFA stepped down as director. NBB
- Borut JAGER stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 1.4 million (▼ 60% vs 2023). filed late Source: NBB ↗
- Olivier VAN DROMME became a director. NBB
- Rebecca TIELEMANS stepped down as director. NBB
- Tomas ZUFFA became a director. NBB
In short
From € 1.8 million profit in 2021 to € 1.4 million profit in 2024.
Paid € 1.2 million in corporate taxes since 2021.
Best year ever: 2023, with € 3.4 million profit.
Paid out € 10 million in dividends to the owners in total.
A new publication or filing at MARSH EUROPE? We notify you, reason included.
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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 shares are held by MARSH LLC (100%) and MARSH INTERNATIONAL HOLDINGS LLC (0%).
Directors
According to the 2024 annual accounts
Olivier VAN DROMME
Director
since 2024 · until 2030
since 2022 · until 2024
Sandra KOZINA
Director
since 2024 · until 2030
Tomas ZUFFA
Director
since 2024 · until 2030
Norman BARAZZUTTI
Director
since 2017 · until 2024
Borut JAGER
Director
since 2024 · until 2030
Shareholders
MARSH LLC
100%
MARSH INTERNATIONAL HOLDINGS LLC
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herrmann-Debrouxlaan 2
1160 Oudergem
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
- 0456.421.226
- VAT number
- BE 0456.421.226
- Registered office
- Herrmann-Debrouxlaan 2, 1160 Oudergem
- Names & denominations
- MARSH EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 1995
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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