ACTIVE

CLAUDE ET DAVID MARCHAL

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Financial year 2025 · Closed on 30/09/2025

Net result185,7 k €-15,3 %over 1 year

Gross margin680,5 k €-1,0 %over 1 year

Equity2,4 M €+8,2 %over 1 year

Workforce4,9 ETP+14,0 %over 1 year

Identity

Source · BCE/KBO

CLAUDE ET DAVID MARCHAL is a Public limited company incorporated in 1977. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Liège. It employs on average 4,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0417.708.823
Incorporation: 05/12/1977
Legal form: Public limited company
Registered office: Place de la Cathédrale 4
4000 Liège · WallonieSee on map
Contributed capital: 100 000,00 €
Latest accounts: 30/09/2025
Average workforce: 4,9 ETP

Activities (NACE)

47770Retail sale of watches and jewellery in specialised stores· main 47770Retail sale of watches and jewellery in specialised stores 52484Warehousing and support activities for transportation 46480Wholesale of watches and jewellery 46480Wholesale of watches and jewellery 51474Air transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	680,5 k €	-1.0%	687,5 k €	+6.3%	646,5 k €	-20.0%	807,9 k €	+6.9%	756 k €
EBITDA	360,6 k €	-9.3%	397,8 k €	+20.4%	330,4 k €	-35.2%	509,5 k €	+1.6%	501,3 k €
Operating result	331,3 k €	-12.0%	376,5 k €	+19.3%	315,6 k €	-28.4%	440,6 k €	+3.2%	427 k €
Net result	185,7 k €	-15.3%	219,3 k €	+18.4%	185,3 k €	-32.8%	275,9 k €	+5.0%	262,6 k €
Balance sheet
Equity	2,4 M €	+8.2%	2,3 M €	+5.4%	2,1 M €	+5.1%	2 M €	+5.3%	1,9 M €
Total assets	3,8 M €	+2.7%	3,7 M €	+2.4%	3,6 M €	-2.3%	3,7 M €	+12.9%	3,3 M €
Cash	167,7 k €	-29.4%	237,6 k €	+6.3%	223,5 k €	+13.3%	197,3 k €	-20.5%	248 k €
Debts	1,3 M €	-8.4%	1,4 M €	-2.9%	1,5 M €	-12.3%	1,7 M €	+24.1%	1,3 M €
Other
Workforce	4,9 ETP	+14.0%	4,3 ETP	-15.7%	5,1 ETP	0.0%	5,1 ETP	0.0%	5,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 5 ended

Active mandates

David Marchal

Managing director

Active

Vincent Marchal

Director

Active

Ended mandates

Vincent MARCHAL

Director · since 01 juillet 2018

Ended

Barbara Marchal

Director · until 30 juin 2018

Ended

Barbara Marchal

Director

Ended

Jacques Hodeige

Director · until 31 mars 2017

Ended

Full financial information

Source · NBB

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/04/2026	29/04/2025	26/04/2024	28/04/2023	04/05/2022	29/04/2021
General meeting	31/03/2026	31/03/2025	29/03/2024	30/03/2023	30/03/2022	30/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	28/04/2026	French	PDF
Abridged model	30/09/2024	31/03/2025	29/04/2025	French	PDF
Abridged model	30/09/2023	29/03/2024	26/04/2024	French	PDF
Abridged model	30/09/2022	30/03/2023	28/04/2023	French	PDF
Abridged model	30/09/2021	30/03/2022	04/05/2022	French	PDF
Abridged model	30/09/2020	30/03/2021	29/04/2021	French	PDF
Abridged model	30/09/2019	30/03/2020	29/04/2020	French	PDF
Abridged model	30/09/2018	29/03/2019	30/04/2019	French	PDF
Abridged model	30/09/2017	29/03/2018	04/04/2018	French	PDF
Abridged model	30/09/2016	31/03/2017	13/04/2017	French	PDF
Abridged model	30/09/2015	15/03/2016	21/03/2016	French	PDF
Abridged model	30/09/2014	14/03/2015	02/04/2015	French	PDF
Abridged model	30/09/2013	21/03/2014	25/03/2014	French	PDF
Abridged model	30/09/2012	28/03/2013	26/04/2013	French	PDF
Abridged model	30/09/2011	14/03/2012	19/04/2012	French	PDF
Abridged model	30/09/2010	21/03/2011	23/03/2011	French	PDF
Abridged model	30/09/2009	12/03/2010	30/03/2010	French	PDF
Abridged model	30/09/2008	13/03/2009	30/03/2009	French	PDF
Abridged model	30/09/2007	14/03/2008	29/04/2008	French	PDF
Abridged model	30/09/2006	09/03/2007	26/04/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 5 ended

Active mandates

David Marchal

Managing director

Active

Vincent Marchal

Director

Active

Ended mandates

Vincent MARCHAL

Director · since 01 juillet 2018

Ended

Barbara Marchal

Director · until 30 juin 2018

Ended

Barbara Marchal

Director

Ended

Jacques Hodeige

Director · until 31 mars 2017

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates09/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates19/04/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/05/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/02/2012
CAPITAL, ACTIONS
PDF
Mandates05/04/2011
DEMISSIONS, NOMINATIONS
PDF
Capital / shares12/12/2005
ANNEE COMPTABLE - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/04/2005
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - DIVERS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025185,7 k €↓
2024
Annual accounts 2024219,3 k €↑
2023
Annual accounts 2023185,3 k €↓
2022
Annual accounts 2022275,9 k €↑
2021
Annual accounts 2021262,6 k €↑
2020
Annual accounts 2020128,8 k €↓
2019
Annual accounts 2019174 k €↑
2018
Annual accounts 2018104,5 k €↑
2017
Annual accounts 201786,4 k €↓
2016
Annual accounts 201699,2 k €↓
2015
Annual accounts 2015110,5 k €↑
2014
Annual accounts 201485,8 k €↑
2013
Annual accounts 201358,3 k €↓
2012
Annual accounts 2012193,4 k €↑
2011
Annual accounts 2011107,5 k €↑
2010
Annual accounts 201060,8 k €↓
2009
Annual accounts 200982,6 k €↑
2008
Annual accounts 200877,6 k €↑
2007
Annual accounts 200774,1 k €↑
2006
Annual accounts 200669,4 k €
05/12/1977
IncorporationPublic limited company

CLAUDE ET DAVID MARCHAL

Overview

Identity

Financials

Valuation

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

Timeline