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 3 of the last 4 fiscal years.
Financials
Financial year 2024
Marshal from Antwerpen, company number BE0738658760, closed financial year 2024 with a result of € 5,495 after tax. For that financial year Marshal recorded a gross margin of € 789,214 and equity of € -31,570. Compared with financial year 2023, the result moved from € -9,430 to € 5,495. 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 29, 2025.
€ -31,570
▲ € 5,495 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,495
▲ still € 9,430 loss in 2023
Profit after tax over the fiscal year.
€ 124,781
▲ 59% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -32,570.
People and assets in 2024
8.1
Average over the fiscal year, from the social balance sheet.
€ 734,931
▼ 22% vs 2023
€ 90,700 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.
€ 8,603
▼ 74% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 15,223
▼ 54% vs 2023
€ 13,242 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 325,337
▲ € 252,074 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 131,541
▼ 54% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 519,591 | € 624,631 | € 992,000 | € 789,214 | ▼ 20% |
| Profit after taxes | € 45,285 | € -58,119 | € -9,430 | € 5,495 | ▲ € 14,925 |
| Equity | € 30,484 | € -27,635 | € -37,065 | € -31,570 | ▲ € 5,495 |
| Total debts | € 392,376 | € 376,194 | € 406,398 | € 486,338 | ▲ 20% |
| Cash | € 124,655 | € 112,869 | € 78,368 | € 124,781 | ▲ 59% |
| Retained profit | € 29,484 | € -28,635 | € -38,065 | € -32,570 | ▲ € 5,495 |
| Dividend | € 44,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 106,978 | € 97,950 | € 33,043 | € 15,223 | ▼ 54% |
| Balance sheet total | € 422,860 | € 348,559 | € 369,333 | € 454,767 | ▲ 23% |
| Employees (FTE) | - | - | - | 8.1 |
Key figures of Marshal, 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 Marshal?
What happened at Marshal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 5,495. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 45,285 profit in 2021 to € 5,495 profit in 2024.
Paid € 35,909 in corporate taxes since 2021.
Best year ever: 2021, with € 45,285 profit.
On average € 97,400 of value added per employee in 2024.
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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 Marshal is Jungle BV. The shares are held by Sander Donkers.
Directors
According to the 2024 annual accounts
Shareholders
Sander Donkers
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Cuperusstraat 26
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0738.658.760
- VAT number
- BE 0738.658.760
- Registered office
- Cuperusstraat 26, 2018 Antwerpen
- Names & denominations
- Marshal
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2019
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
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