ACTIVE

MARINZEE

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Financial year 2025 · closed on 31/12/2025

Net result

83 k €

-21.5% YoY

Gross margin

75 k €

-31.8% YoY

Equity

1,6 M €

+10.4% YoY

What does MARINZEE do?

MARINZEE is a Public limited company incorporated in 1944. Its main activity is: Buying and selling of own real estate. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.519.593

Incorporation

18/12/1944

Legal form

Public limited company

Registered office

D'Herbouvillekaai 42
2020 Antwerpen · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	75 k €	-31.8%	109,9 k €	+36.5%	80,5 k €	-9.4%	88,9 k €	-0.8%	89,6 k €	+19.8%	74,7 k €	+58.2%	47,2 k €	+7.7%	43,9 k €	-2.5%	45 k €		–		–		–		–		–		–		–		–		–		–
EBITDA	44,8 k €	-45.3%	82 k €	+49.1%	55 k €	-20.0%	68,8 k €	-1.5%	69,8 k €	+19.1%	58,6 k €	+86.7%	31,4 k €	+10.6%	28,4 k €	-3.8%	29,5 k €	-0.1%	29,5 k €	+4.4%	28,3 k €	-28.0%	39,3 k €	+2213%	1,7 k €	-98.4%	105,4 k €	+1186%	-9,7 k €	-3.7%	-9,4 k €	-291%	-2,4 k €	+95.9%	-58,9 k €	-2864%	-2 k €
Operating result	34,5 k €	-51.7%	71,4 k €	+73.7%	41,1 k €	-25.1%	54,9 k €	-1.8%	55,9 k €	+9.0%	51,3 k €	+80.3%	28,4 k €	+0.2%	28,4 k €	-3.8%	29,5 k €	-0.1%	29,5 k €	+4.4%	28,3 k €	-28.0%	39,3 k €	+2213%	1,7 k €	-98.4%	105,4 k €	+1186%	-9,7 k €	-3.7%	-9,4 k €	-291%	-2,4 k €	+95.9%	-58,9 k €	-2864%	-2 k €
Net result	83 k €	-21.5%	105,8 k €	+30.5%	81,1 k €	-7.8%	88 k €	+3.8%	84,8 k €	+9.8%	77,2 k €	+25.3%	61,6 k €	+9.1%	56,4 k €	-1.9%	57,6 k €	+1.1%	56,9 k €	-1.1%	57,6 k €	-7.7%	62,4 k €	+48.1%	42,1 k €	-70.6%	143,3 k €	+1404%	9,5 k €	+202%	-9,4 k €	-119%	49 k €	+198%	-50 k €	-1264%	4,3 k €
Balance sheet
Equity	1,6 M €	+10.4%	1,5 M €	+7.7%	1,4 M €	+6.2%	1,3 M €	+7.3%	1,2 M €	+7.5%	1,1 M €	+7.4%	1 M €	+6.2%	986,8 k €	+6.1%	930,4 k €	+6.6%	872,8 k €	+7.0%	815,9 k €	+7.6%	758,3 k €	+9.0%	696 k €	+6.4%	653,9 k €	+28.1%	510,6 k €	+1.9%	501 k €	-1.8%	510,4 k €	+10.6%	461,4 k €	+529%	73,4 k €
Total assets	2,9 M €	-11.5%	3,3 M €	-6.6%	3,5 M €	-9.5%	3,9 M €	-3.6%	4 M €	-5.7%	4,3 M €	+0.7%	4,2 M €	-4.4%	4,4 M €	-3.3%	4,6 M €	-3.7%	4,7 M €	-1.8%	4,8 M €	-4.1%	5 M €	-3.5%	5,2 M €	-3.0%	5,4 M €	+3.3%	5,2 M €	+45.8%	3,6 M €	+148%	1,4 M €	+211%	463,1 k €	+520%	74,6 k €
Cash	–		–		–		–		–		–		–		–		–		–		722,5 €	0.0%	722,5 €	0.0%	722,5 €	0.0%	722,5 €	0.0%	722,5 €	0.0%	722,5 €	0.0%	722,5 €	0.0%	722,5 €	0.0%	722,5 €
Debts	1,2 M €	-29.9%	1,8 M €	-14.1%	2,1 M €	-17.8%	2,5 M €	-8.5%	2,8 M €	-10.6%	3,1 M €	+3.5%	3 M €	-7.6%	3,2 M €	-10.3%	3,6 M €	-6.0%	3,8 M €	-3.6%	4 M €	-6.2%	4,2 M €	-5.5%	4,5 M €	-4.7%	4,7 M €	+0.2%	4,7 M €	+53.0%	3,1 M €	+231%	928,5 k €	+53667%	1,7 k €	+35.0%	1,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

Marc COSTENOBLE

Director · since 08 mai 2023 · until 14 mai 2029

Active

Olivier D'HOOP

Director · since 08 mai 2023 · until 14 mai 2029

Active

Vincent MALDAGUE

Director · since 08 mai 2023 · until 14 mai 2029

Active

Ended mandates

Marc COSTENOBLE

Director · since 15 juin 2017 · until 08 mai 2023

Ended

Olivier D'HOOP

Director · since 15 juin 2017 · until 08 mai 2023

Ended

Vincent MALDAGUE

Director · since 15 juin 2017 · until 08 mai 2023

Ended

Marc COSTENOBLE

Director · since 17 août 2012 · until 08 mai 2017

Ended

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Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	28/06/2024	23/06/2023	21/06/2022	20/05/2021	07/07/2020
General meeting	26/06/2026	13/05/2024	08/05/2023	09/05/2022	10/05/2021	11/06/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/12/2025	26/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2025	11/05/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	20/05/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	07/07/2020	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	15/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	06/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	09/05/2016	08/07/2016	Dutch	PDF
Full model	31/12/2014	11/05/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	12/05/2014	23/06/2014	Dutch	PDF
Full model	31/12/2012	25/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	17/08/2012	30/08/2012	Dutch	PDF
Full model	31/12/2010	18/07/2011	31/08/2011	Dutch	PDF
Full model	31/12/2009	28/07/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	11/05/2009	07/08/2009	Dutch	PDF
Full model	31/12/2007	13/05/2008	25/08/2008	Dutch	PDF
Full model	31/12/2006	14/05/2007	26/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 active · 11 ended

Active mandates

Marc COSTENOBLE

Director · since 08 mai 2023 · until 14 mai 2029

Active

Olivier D'HOOP

Director · since 08 mai 2023 · until 14 mai 2029

Active

Vincent MALDAGUE

Director · since 08 mai 2023 · until 14 mai 2029

Active

Ended mandates

Marc COSTENOBLE

Director · since 15 juin 2017 · until 08 mai 2023

Ended

Olivier D'HOOP

Director · since 15 juin 2017 · until 08 mai 2023

Ended

Vincent MALDAGUE

Director · since 15 juin 2017 · until 08 mai 2023

Ended

Marc COSTENOBLE

Director · since 17 août 2012 · until 08 mai 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other29/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2013
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates09/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2011
ONTSLAGEN - BENOEMINGEN
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 202583 k €↓
2023
Annual accounts 2023105,8 k €↑
2022
Annual accounts 202281,1 k €↓
2021
Annual accounts 202188 k €↑
2020
Annual accounts 202084,8 k €↑
2019
Annual accounts 201977,2 k €↑
2018
Annual accounts 201861,6 k €↑
2017
Annual accounts 201756,4 k €↓
2016
Annual accounts 201657,6 k €↑
2015
Annual accounts 201556,9 k €↓
2014
Annual accounts 201457,6 k €↓
2013
Annual accounts 201362,4 k €↑
2012
Annual accounts 201242,1 k €↓
2011
Annual accounts 2011143,3 k €↑
2010
Annual accounts 20109,5 k €↑
2009
Annual accounts 2009-9,4 k €↓
2008
Annual accounts 200849 k €↑
2007
Annual accounts 2007-50 k €↓
2006
Annual accounts 20064,3 k €
18/12/1944
IncorporationPublic 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

MARINZEE

Overview

What does MARINZEE do?

Trend over 19 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