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 33 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MARKELBACH 2 BUSINESS from Etterbeek, company number BE0845332234, closed financial year 2025 with a result of € 117,935 after tax. For that financial year MARKELBACH 2 BUSINESS recorded a gross margin of € 95,895 and equity of € 489,830. Compared with financial year 2024, the result moved from € 162,720 to € 117,935. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 489,830
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 117,935
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 14,552
▼ 91% 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 € 466,280.
People and assets in 2025
€ 2,800
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 28,878
▲ 38% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 37,077 | € 112,051 | € 164,814 | € 95,895 | ▼ 42% |
| Profit after taxes | € 84,989 | € 80,305 | € 162,720 | € 117,935 | ▼ 28% |
| Equity | € 391,081 | € 228,304 | € 371,895 | € 489,830 | ▲ 32% |
| Total debts | € 8,777 | € 195,354 | € 40,164 | € 70,298 | ▲ 75% |
| Cash | € 131,961 | € 126,188 | € 168,728 | € 14,552 | ▼ 91% |
| Retained profit | € 372,531 | € 204,754 | € 348,345 | € 466,280 | ▲ 34% |
| Dividend | € 0 | € 243,082 | € 19,129 | € 0 | ▼ 100% |
| Balance sheet total | € 399,858 | € 423,658 | € 412,059 | € 560,128 | ▲ 36% |
Key figures of MARKELBACH 2 BUSINESS, 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 MARKELBACH 2 BUSINESS?
What happened at MARKELBACH 2 BUSINESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 117,935 (▼ 28% vs 2024). filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,989 profit in 2022 to € 117,935 profit in 2025.
Paid € 132,943 in corporate taxes since 2022.
Best year ever: 2024, with € 162,720 profit.
Paid out € 262,211 in dividends to the owners in total.
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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 MARKELBACH 2 BUSINESS is Renaud THOMA. It owns 100% of Group P itself.
Directors
According to the 2025 annual accounts
Renaud THOMA
Manager
Establishments
Establishment units
Physical locations of this company
Priester Cuypersstraat 3
1040 Etterbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.332.234
- VAT number
- BE 0845.332.234
- Registered office
- Priester Cuypersstraat 3, 1040 Etterbeek
- Names & denominations
- MARKELBACH 2 BUSINESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 2012
- Peppol
- Not registered
- Activities · NACE
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