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 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARMA LOGISTICS from Tienen, company number BE0878987670, closed financial year 2025 with a result of € 58,916 after tax. For that financial year MARMA LOGISTICS recorded a gross margin of € 2.2 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 31,846 to € 58,916. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.7 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 58,916
▲ 85% vs 2024
Profit after tax over the fiscal year.
€ 114,832
▲ 224% 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 € 373,480.
People and assets in 2025
27.9
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 6% vs 2024
€ 52,700 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.
€ 323,160
▲ 4% vs 2024
Of which on lease € 293,662.
Debts at end 2025
€ 4.6 million
▼ 8% vs 2024
€ 504,336 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 199,241
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 251,307
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,817,168 | € 875,214 | € 2,231,046 | € 2,190,234 | ▼ 2% |
| Profit after taxes | € -56,384 | € -95,063 | € 31,846 | € 58,916 | ▲ 85% |
| Equity | € 1,741,694 | € 1,645,191 | € 1,674,180 | € 1,731,406 | ▲ 3% |
| Total debts | € 6,300,941 | € 5,989,285 | € 5,640,560 | € 5,269,636 | ▼ 7% |
| Cash | € 99,395 | € 23,451 | € 35,426 | € 114,832 | ▲ 224% |
| Land & buildings | € 6,378,044 | € 6,243,331 | € 5,998,086 | € 5,737,933 | ▼ 4% |
| Retained profit | € 377,781 | € 282,718 | € 314,564 | € 373,480 | ▲ 19% |
| Bank debt | € 5,679,290 | € 5,402,975 | € 5,002,399 | € 4,621,844 | ▼ 8% |
| Balance sheet total | € 8,042,635 | € 7,634,476 | € 7,314,740 | € 7,001,042 | ▼ 4% |
| Employees (FTE) | 18.2 | 24.1 | 28.5 | 27.9 | ▼ 0.6 |
Key figures of MARMA LOGISTICS, fiscal years 2023 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 MARMA LOGISTICS?
What happened at MARMA LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 58,916 (▲ 85% vs 2024). Source: NBB ↗
- Lien Portauwe became a director. NBB
- Steve Portauwe became a director. NBB
- Nick Portauwe became a director. NBB
- New establishment in Tienen. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,385 loss in 2023 to € 58,916 profit in 2025.
Paid € 84,834 in corporate taxes since 2023.
Best year ever: 2025, with € 58,916 profit.
On average € 78,500 of value added per employee in 2025.
Management
Behind MARMA LOGISTICS are Lien Portauwe, Steve Portauwe and Nick Portauwe. The same people are also behind Marma, EcoRetail and EcoProperties.
Directors
According to the 2025 annual accounts
since 2024
since 2024
since 2024
Establishments
Establishment units
Physical locations of this company
Fred Chaffartlaan 11
3300 Tienen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0878.987.670
- VAT number
- BE 0878.987.670
- Registered office
- Fred Chaffartlaan 11, 3300 Tienen
- Names & denominations
- MARMA LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 January 2006
- Peppol
- Active · Active since 16 Sept 2025
- Activities · NACE
Goederenvervoer over de weg
Handel in eigen onroerend goed