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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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARCEL from Gistel, company number BE0801301756, closed financial year 2025 with a result of € 143,544 after tax. For that financial year MARCEL recorded a gross margin of € 277,591 and equity of € 222,551. Compared with financial year 2024, the result moved from € 29,007 to € 143,544. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 222,551
▲ 182% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 143,544
▲ € 114,537 vs 2024
Profit after tax over the fiscal year.
€ 48,245
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 172,551.
Debts at end 2025
€ 733,333
▼ 7% vs 2024
€ 53,333 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 49,708
▲ € 49,215 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 87,353 | € 277,591 | ▲ 218% |
| Profit after taxes | € 29,007 | € 143,544 | ▲ € 114,537 |
| Equity | € 79,007 | € 222,551 | ▲ 182% |
| Total debts | € 1,439,544 | € 1,557,890 | ▲ 8% |
| Cash | € 55,483 | € 48,245 | ▼ 13% |
| Land & buildings | € 1,355,551 | € 1,523,101 | ▲ 12% |
| Retained profit | € 29,007 | € 172,551 | ▲ € 143,544 |
| Bank debt | € 786,666 | € 733,333 | ▼ 7% |
| Balance sheet total | € 1,518,551 | € 1,780,441 | ▲ 17% |
Key figures of MARCEL, fiscal years 2024 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 MARCEL?
What happened at MARCEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 143,544 (▲ € 114,537 vs 2024). Source: NBB ↗
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 29,007 profit in 2024 to € 143,544 profit in 2025.
Paid € 31,255 in corporate taxes since 2024.
Best year ever: 2025, with € 143,544 profit.
Management
Behind MARCEL are Sabine Demeulenaere and Ivan Vandycke. The same people are also behind VERHUIZINGEN VANDYCKE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Kanaalstraat 36
8470 Gistel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0801.301.756
- VAT number
- BE 0801.301.756
- Registered office
- Kanaalstraat 36, 8470 Gistel
- Names & denominations
- MARCEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2023
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
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