Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARNELL-CAB from Braine-le-Château, company number BE0740577479, closed financial year 2025 with a result of € -9,053 after tax. For that financial year MARNELL-CAB recorded a gross margin of € -597 and equity of € 78,665. Compared with financial year 2024, the result moved from € -9,696 to € -9,053. The company made a loss. 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 August 22, 2026.
€ 78,665
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,053
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 632
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -71,335.
Debts at end 2025
€ 860,067
▼ 7% vs 2024
€ 69,747 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -927 | € -978 | € -836 | € -597 | ▲ € 240 |
| Profit after taxes | € -12,946 | € -11,849 | € -9,696 | € -9,053 | ▲ € 644 |
| Equity | € 109,263 | € 97,414 | € 87,718 | € 78,665 | ▼ 10% |
| Total debts | € 1,189,487 | € 1,199,209 | € 1,209,631 | € 1,217,967 | ▲ 1% |
| Cash | - | € 318 | € 1,102 | € 632 | ▼ 43% |
| Retained profit | € -40,737 | € -52,586 | € -62,282 | € -71,335 | ▼ € 9,053 |
| Bank debt | € 1,062,887 | € 996,328 | € 928,731 | € 860,067 | ▼ 7% |
| Balance sheet total | € 1,298,750 | € 1,296,623 | € 1,297,349 | € 1,296,632 |
Key figures of MARNELL-CAB, 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 MARNELL-CAB?
What happened at MARNELL-CAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,053. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 12,946 loss in 2022 to € 9,053 loss in 2025.
A new publication or filing at MARNELL-CAB? 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 stake of ACHPEHEM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARNELL-CABBehind MARNELL-CAB are Xavier Kreevels, Bernard Emegenbirn and Christelle Kremers. The shares are held by ACHPEHEM (8.3%). It owns 100% of Manège Cour au Bois itself.
Directors
According to the 2025 annual accounts
Bernard Emegenbirn
Director
Also active at: MELI - MELODIE, OPPEMEG, PELE - MELE, naQ, ACHPEHEM, LOBE ET DOFA MULTIGESTION, HDLV
Shareholders
8.3%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue Cour au Bois(W-B) 14
1440 Braine-le-Château
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.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0740.577.479
- VAT number
- BE 0740.577.479
- Registered office
- Rue Cour au Bois(W-B) 14, 1440 Braine-le-Château
- Names & denominations
- MARNELL-CAB · MNL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2019
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- couraubois.be [email protected]
- Activities · NACE
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