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.
Financials
Financial year 2025
MARCANDO from Torhout, company number BE0766722147, closed financial year 2025 with a result of € -17,890 after tax. For that financial year MARCANDO recorded a gross margin of € 533,036 and equity of € 9,554. Compared with financial year 2024, the result moved from € -256,733 to € -17,890. The company made a loss. The buffer shrank hard: equity is 65 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 9,554
▼ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,890
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
€ 39,966
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -796,070.
People and assets in 2025
7.4
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 457,369
▼ 16% vs 2024
€ 61,800 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.
€ 8,897
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 816,578
▲ 36% vs 2024
€ 81,227 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 114,880
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 96,162
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,141 | € 279,108 | € 337,200 | € 533,036 | ▲ 58% |
| Profit after taxes | € -437,500 | € -94,037 | € -256,733 | € -17,890 | ▲ € 238,843 |
| Equity | € -77,206 | € 91,177 | € 27,444 | € 9,554 | ▼ 65% |
| Total debts | € 182,032 | € 402,425 | € 799,223 | € 1,027,620 | ▲ 29% |
| Cash | € 24,374 | € 197,687 | € 71,344 | € 39,966 | ▼ 44% |
| Retained profit | € -427,411 | € -521,447 | € -778,180 | € -796,070 | ▼ € 17,890 |
| Bank debt | € 50,000 | € 250,000 | € 600,000 | € 816,578 | ▲ 36% |
| Balance sheet total | € 104,826 | € 493,602 | € 826,667 | € 1,037,174 | ▲ 25% |
| Employees (FTE) | 5.5 | 6.3 | 8.7 | 7.4 | ▼ 1.3 |
Key figures of MARCANDO, 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 MARCANDO?
What happened at MARCANDO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,890. Source: NBB ↗
- SEASTAR CAPITAL became a director. NBB
- MALTI became a director. NBB
- New establishment in Torhout. KBO
- EBUSINESS CONSULTING became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 437,500 loss in 2022 to € 17,890 loss in 2025.
Paid € 1,422 in corporate taxes since 2022.
On average € 72,000 of value added per employee in 2025.
A new publication or filing at MARCANDO? 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 SEASTAR CAPITAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARCANDOBehind MARCANDO are SEASTAR CAPITAL, EBUSINESS CONSULTING and MALTI. The shares are held by SEASTAR CAPITAL (18%).
Directors
According to the 2025 annual accounts
Director · represented by VANCAUWENBERGE MICHAEL
Also active at: Placabois, LESAGE INDUSTRIES, Batal, FINIPAN, HEBIC, VANCA-BELGIUM, WITON, RNA Pioneering +17 more
since 2023
since 2021
Director · represented by OLBRECHTS MICHIEL
since 2023
Shareholders
18%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Keibergstraat 112
8820 Torhout
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
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0766.722.147
- VAT number
- BE 0766.722.147
- Registered office
- Keibergstraat 112, 8820 Torhout
- Names & denominations
- MARCANDO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 2021
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- marcando.be 050/96.06.20
- Activities · NACE
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