ACTIVE

MAROVA

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Financial year 2025 · closed on 31/12/2025

Net result

16,6 k €

+20.0% YoY

Gross margin

24,6 k €

+69.2% YoY

Equity

90,5 k €

+22.5% YoY

What does MAROVA do?

MAROVA is a Private limited company incorporated in 1975. Its main activity is: Freight transport by road. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.570.170

Incorporation

17/12/1975

Legal form

Private limited company

Registered office

Steenkensbeemdstraat 12A
3722 Hasselt · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	24,6 k €	+69.2%	14,5 k €	+165%	5,5 k €	-76.4%	23,1 k €	-65.6%	67,2 k €	-28.3%	93,8 k €	+8.4%	86,5 k €	-24.9%	115,1 k €	-17.7%	139,8 k €	-24.2%	184,5 k €	+20.4%	153,3 k €	-4.5%	160,5 k €	+5.5%	152,2 k €	-2.6%	156,2 k €	+18.5%	131,8 k €	-11.6%	149,1 k €	-23.0%	193,7 k €	-4.9%	203,8 k €	+19.9%	170 k €	+11.9%	151,9 k €
EBITDA	23,4 k €	+73.7%	13,5 k €	+214%	4,3 k €	-80.5%	22 k €	+25.8%	17,5 k €	-34.7%	26,7 k €	+152%	10,6 k €	+403%	2,1 k €	-56.4%	4,8 k €	-87.8%	39,8 k €	+92.7%	20,6 k €	+21.9%	16,9 k €	+31.4%	12,9 k €	-26.3%	17,5 k €	+254%	4,9 k €	-49.6%	9,8 k €	-37.9%	15,8 k €	-30.5%	22,7 k €	-16.8%	27,3 k €	+146%	11,1 k €
Operating result	23,4 k €	+73.7%	13,5 k €	+529%	2,1 k €	-83.3%	12,8 k €	+54.3%	8,3 k €	-51.1%	17 k €	+74.1%	9,7 k €	+462%	1,7 k €	-60.5%	4,4 k €	-85.0%	29,3 k €	+496%	4,9 k €	+395%	992,8 €	+130%	-3,4 k €	+67.2%	-10,2 k €	+16.8%	-12,3 k €	-339%	-2,8 k €	+80.1%	-14,1 k €	-105%	-6,9 k €	-183%	8,3 k €	+212%	-7,4 k €
Net result	16,6 k €	+20.0%	13,8 k €	+698%	1,7 k €	-83.7%	10,7 k €	+51.6%	7 k €	-52.2%	14,7 k €	+72.6%	8,5 k €	+698%	1,1 k €	-69.6%	3,5 k €	-87.7%	28,5 k €	+16427%	-174,5 €	+86.9%	-1,3 k €	+79.4%	-6,5 k €	+52.1%	-13,5 k €	+5.6%	-14,3 k €	-69.6%	-8,4 k €	+51.7%	-17,4 k €	-14.7%	-15,2 k €	-821%	2,1 k €	+116%	-13,5 k €
Balance sheet
Equity	90,5 k €	+22.5%	73,9 k €	+23.0%	60 k €	+3.0%	58,3 k €	+22.4%	47,7 k €	+17.3%	40,6 k €	+56.6%	25,9 k €	+48.8%	17,4 k €	+6.5%	16,4 k €	+27.3%	12,9 k €	+182%	-15,6 k €	-1.1%	-15,5 k €	-9.5%	-14,1 k €	-84.5%	-7,7 k €	-231%	5,8 k €	-71.0%	20,1 k €	-29.5%	28,6 k €	-37.9%	46 k €	-24.8%	61,2 k €	+3.6%	59,1 k €
Total assets	103,6 k €	+21.5%	85,2 k €	+16.9%	72,9 k €	-45.3%	133,2 k €	+3.9%	128,3 k €	-14.9%	150,7 k €	+20.4%	125,2 k €	-0.7%	126 k €	-15.3%	148,8 k €	+0.8%	147,6 k €	+22.8%	120,2 k €	-13.7%	139,4 k €	-17.2%	168,2 k €	-19.0%	207,7 k €	-9.0%	228,2 k €	+15.6%	197,3 k €	+5.2%	187,5 k €	-23.6%	245,4 k €	+24.9%	196,5 k €	-13.5%	227,3 k €
Cash	62,5 k €	+18.1%	52,9 k €	+14.3%	46,3 k €	-55.1%	103,2 k €	+53.0%	67,4 k €	+166%	25,4 k €	-50.2%	51 k €	+949%	4,9 k €	+84.0%	2,6 k €	-83.5%	16 k €	+59.2%	10,1 k €	+226%	3,1 k €	-4.5%	3,2 k €	-83.3%	19,3 k €	+40.2%	13,8 k €	+413%	2,7 k €	-92.6%	36,2 k €	+1.0%	35,8 k €	+59.1%	22,5 k €	+172%	8,3 k €
Debts	13,1 k €	+15.3%	11,4 k €	-11.6%	12,9 k €	-82.8%	74,9 k €	-7.1%	80,6 k €	-26.8%	110,1 k €	+11.0%	99,2 k €	-8.6%	108,6 k €	-16.0%	129,3 k €	-4.1%	134,8 k €	-0.8%	135,9 k €	-12.2%	154,8 k €	-15.1%	182,3 k €	-15.3%	215,3 k €	+2.3%	210,4 k €	+30.1%	161,8 k €	+16.0%	139,5 k €	-29.8%	198,7 k €	+47.6%	134,7 k €	-14.1%	156,8 k €
Other
Workforce	–		–		–		–		1,0 ETP	-37.5%	1,6 ETP	0.0%	1,6 ETP	-33.3%	2,4 ETP	-7.7%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	0.0%	2,6 ETP	-3.7%	2,7 ETP	0.0%	2,7 ETP	-20.6%	3,4 ETP	-2.9%	3,5 ETP	+34.6%	2,6 ETP	-3.7%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

Jozef Elisabeth Buckinx

Mandate

Active

Ended mandates

Jozef Elisabeth Buckinx

Manager · since 01 octobre 1990

Ended

Jozef Buckinx

Manager

Ended

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	07/05/2026	20/06/2025	11/06/2024	22/06/2023	14/06/2022	25/06/2021
General meeting	01/04/2026	01/04/2025	01/04/2024	26/05/2023	27/05/2022	01/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/04/2026	07/05/2026	Dutch	PDF
Abridged model	31/12/2024	01/04/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	01/04/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/04/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	01/04/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	01/04/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	17/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 2 ended

Active mandates

Jozef Elisabeth Buckinx

Mandate

Active

Ended mandates

Jozef Elisabeth Buckinx

Manager · since 01 octobre 1990

Ended

Jozef Buckinx

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/01/2006
KAPITAAL - AANDELEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202516,6 k €↑
2024
Annual accounts 202413,8 k €↑
2023
Annual accounts 20231,7 k €↓
2022
Annual accounts 202210,7 k €↑
2021
Annual accounts 20217 k €↓
2020
Annual accounts 202014,7 k €↑
2019
Annual accounts 20198,5 k €↑
2018
Annual accounts 20181,1 k €↓
2017
Annual accounts 20173,5 k €↓
2016
Annual accounts 201628,5 k €↑
2015
Annual accounts 2015-174,5 €↑
2014
Annual accounts 2014-1,3 k €↑
2013
Annual accounts 2013-6,5 k €↑
2012
Annual accounts 2012-13,5 k €↑
2011
Annual accounts 2011-14,3 k €↓
2010
Annual accounts 2010-8,4 k €↑
2009
Annual accounts 2009-17,4 k €↓
2008
Annual accounts 2008-15,2 k €↓
2007
Annual accounts 20072,1 k €↑
2006
Annual accounts 2006-13,5 k €
17/12/1975
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

MAROVA

Overview

What does MAROVA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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