ACTIVE

MARSAN

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Financial year 2025 · closed on 31/12/2025

Net result

36,9 k €

+104.7% YoY

Revenue

614,1 k €

-7.0% YoY

Equity

-625 k €

+5.6% YoY

Workforce

1,1 ETP

What does MARSAN do?

MARSAN is a Private limited company incorporated in 1985. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Uccle. It employs on average 1,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.847.213

Incorporation

14/01/1985

Legal form

Private limited company

Registered office

Avenue de la Sapinière 20
1180 Uccle · BruxellesSee on map

Contributed capital

85 250,00 €

Latest accounts

31/12/2025

Average workforce

1,1 ETP

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	614,1 k €	-7.0%	660,6 k €	+719%	80,7 k €	+52.3%	53 k €	+1225%	4 k €	-97.8%	180 k €	-11.0%	202,2 k €	+62.5%	124,4 k €	+38.3%	90 k €	+240%	26,5 k €	-62.5%	70,7 k €	-19.7%	88 k €	-8.3%	96 k €	-1.2%	97,2 k €	-3.3%	100,5 k €	-10.0%	111,7 k €	-8.6%	122,3 k €	0.0%	122,3 k €
EBITDA	101,7 k €	-85.9%	719,9 k €	+1041%	63,1 k €	+87.8%	33,6 k €	+2464%	-1,4 k €	-102%	64,8 k €	+227%	19,8 k €	-71.4%	69,3 k €	-13.5%	80,1 k €	+1038%	7 k €	-88.3%	60 k €	-10.6%	67 k €	-24.1%	88,3 k €	+1.9%	86,6 k €	-7.2%	93,4 k €	-10.5%	104,3 k €	-7.2%	112,4 k €	-13.1%	129,2 k €
Operating result	85,2 k €	+111%	-790 k €	-1993%	41,7 k €	+241%	12,2 k €	+193%	-13,1 k €	-125%	53,6 k €	+264%	-32,6 k €	-266%	19,7 k €	-34.0%	29,8 k €	+147%	-64 k €	+75.6%	-262 k €	-1663%	16,8 k €	-48.0%	32,2 k €	+5.4%	30,6 k €	-18.4%	37,5 k €	-22.2%	48,1 k €	-7.3%	51,9 k €	-18.9%	64 k €
Net result	36,9 k €	+105%	-789 k €	-2647%	31 k €	+1327%	2,2 k €	+113%	-17,2 k €	-139%	44,5 k €	+235%	-32,8 k €	-273%	19 k €	-29.9%	27,1 k €	+139%	-69,9 k €	+74.0%	-269,1 k €	-1953%	14,5 k €	+30.1%	11,2 k €	+4419%	-258,4 €	-136%	726,2 €	-85.3%	5 k €	-37.9%	8 k €	-62.5%	21,3 k €
Balance sheet
Equity	-625 k €	+5.6%	-661,8 k €	-621%	127,1 k €	+32.2%	96,2 k €	+2.3%	94 k €	-15.5%	111,2 k €	+66.6%	66,8 k €	-33.0%	99,6 k €	+23.5%	80,6 k €	+50.6%	53,5 k €	-56.6%	123,5 k €	-68.5%	392,6 k €	+3.8%	378,1 k €	+3.0%	366,9 k €	-0.1%	367,2 k €	+0.2%	366,4 k €	+1.4%	361,5 k €	+2.3%	353,5 k €
Total assets	498,2 k €	+70.4%	292,4 k €	-18.5%	358,8 k €	-8.9%	393,7 k €	-3.9%	409,7 k €	-15.0%	481,9 k €	+2.7%	469,5 k €	-9.7%	520,1 k €	-3.9%	541,2 k €	+10.3%	490,9 k €	-11.2%	552,8 k €	-33.7%	834,1 k €	-0.5%	838,1 k €	-9.5%	926,5 k €	-3.3%	958,1 k €	+0.9%	949,5 k €	-6.0%	1 M €	-3.2%	1 M €
Cash	93,3 k €	+1255%	6,9 k €	+382%	1,4 k €	-14.2%	1,7 k €	-54.4%	3,7 k €	-65.4%	10,6 k €	+115%	4,9 k €	-80.8%	25,6 k €	+390%	5,2 k €	-61.1%	13,4 k €	+276%	3,6 k €	-33.6%	5,4 k €	-1.5%	5,5 k €	+64.0%	3,3 k €	+1376%	225,3 €	-90.9%	2,5 k €	+37.5%	1,8 k €	-85.9%	12,9 k €
Debts	1,1 M €	+16.9%	948,1 k €	+324%	223,7 k €	-22.9%	290,1 k €	-2.6%	297,7 k €	-16.4%	356 k €	-10.3%	396,9 k €	-3.2%	410,2 k €	-9.8%	454,8 k €	+5.4%	431,5 k €	+1.9%	423,5 k €	-2.8%	435,7 k €	-4.4%	456 k €	-18.5%	559,6 k €	-1.8%	569,8 k €	+0.2%	568,6 k €	-10.8%	637,8 k €	-7.4%	689 k €
Other
Workforce	1,1 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Mordhay KISSOUS

Adminsitrateur délégué

Active

Ended mandates

Mordhay KISSOUS

Managing director

Ended

MORDHAY KISSOUS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BJYC INVEST● Active	0460.492.256

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	19/08/2025	30/10/2024	08/08/2023	11/08/2022	29/08/2021
General meeting	30/06/2026	14/06/2025	29/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	14/06/2025	19/08/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	30/10/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	08/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	11/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	29/08/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	31/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	16/08/2018	French	PDF
Abridged model	31/12/2016	05/08/2017	12/12/2017	French	PDF
Full model	31/12/2015	05/08/2017	12/12/2017	French	PDF
Full model	31/12/2014	30/07/2015	31/08/2015	French	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	French	PDF
Full model	31/12/2012	29/06/2013	22/08/2013	French	PDF
Full model	31/12/2011	30/06/2012	30/07/2012	French	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	French	PDF
Full model	31/12/2009	03/07/2010	11/08/2010	French	PDF
Full model	31/12/2008	16/07/2009	28/07/2009	French	PDF
Full model	31/12/2007	30/06/2008	25/07/2008	French	PDF
Full model	31/12/2006	13/07/2007	31/07/2007	French	PDF
Abridged modelCorrection	31/12/2004	28/06/2005	07/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Mordhay KISSOUS

Adminsitrateur délégué

Active

Ended mandates

Mordhay KISSOUS

Managing director

Ended

MORDHAY KISSOUS

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office04/05/2021
SIEGE SOCIAL
PDF
Restructuring13/09/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates25/08/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates10/08/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2005
SIEGE SOCIAL - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Mandates11/05/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates11/04/2003
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202536,9 k €↑
2024
Annual accounts 2024-789 k €↓
2023
Annual accounts 202331 k €↑
2022
Annual accounts 20222,2 k €↑
2021
Annual accounts 2021-17,2 k €↓
2020
Annual accounts 202044,5 k €↑
2019
Annual accounts 2019-32,8 k €↓
2018
Annual accounts 201819 k €↓
2017
Annual accounts 201727,1 k €↑
2016
Annual accounts 2016-69,9 k €↑
2015
Annual accounts 2015-269,1 k €↓
2014
Annual accounts 201414,5 k €↑
2013
Annual accounts 201311,2 k €↑
2012
Annual accounts 2012-258,4 €↓
2011
Annual accounts 2011726,2 €↓
2010
Annual accounts 20105 k €↓
2009
Annual accounts 20098 k €↓
2008
Annual accounts 200821,3 k €
14/01/1985
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MARSAN

Overview

What does MARSAN do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline