ACTIVE

Marcan

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

249,4 k €

-49.9% YoY

Gross margin

1,1 M €

+9.3% YoY

Equity

1,5 M €

+19.2% YoY

Workforce

14,2 ETP

+18.3% YoY

What does Marcan do?

Marcan is a Public limited company incorporated in 1978. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Ingelmunster. It employs on average 14,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0418.598.649

Incorporation

23/08/1978

Legal form

Public limited company

Registered office

Nijverheidstraat 2
8770 Ingelmunster · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

14,2 ETP

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47112Retail sale in non-specialised stores with food, beverages or tobacco predominating 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating 52112Warehousing and storage 52114Warehousing and storage

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	1,1 M €	+9.3%	1,1 M €	+0.1%	1,1 M €	+10.0%	954,2 k €	-3.9%	993 k €	-9.8%	1,1 M €	-1.4%	1,1 M €	-4.9%	1,2 M €	-0.2%	1,2 M €	+7.6%	1,1 M €	-5.4%	1,2 M €	+15.6%	1 M €	-6.0%	1,1 M €	+9.0%	975,9 k €	+27.8%	763,7 k €	+3.8%	735,9 k €	-16.5%	881,6 k €	-7.4%	952,1 k €	-3.6%	987,3 k €	+6.5%	927,3 k €
EBITDA	451,7 k €	-9.1%	497 k €	+0.7%	493,6 k €	+22.4%	403,4 k €	-21.2%	511,7 k €	-17.5%	620,4 k €	+5.8%	586,4 k €	-8.3%	639,7 k €	+1.2%	632,4 k €	+13.8%	555,9 k €	-9.3%	613,2 k €	+20.0%	511,1 k €	-9.6%	565,2 k €	+14.6%	493,2 k €	+72.5%	285,9 k €	-1.8%	291,2 k €	-34.9%	447,1 k €	-10.6%	500 k €	-3.1%	515,8 k €	+12.2%	459,7 k €
Operating result	335,5 k €	-13.6%	388,2 k €	-3.4%	401,9 k €	+28.7%	312,2 k €	-28.7%	437,9 k €	-21.9%	561 k €	+13.2%	495,8 k €	-4.5%	519,2 k €	+11.8%	464,4 k €	+21.3%	382,7 k €	-12.1%	435,6 k €	+36.3%	319,6 k €	-8.1%	347,6 k €	+43.7%	242 k €	+416%	46,9 k €	-66.4%	139,6 k €	-67.2%	425,9 k €	-6.6%	456 k €	-6.6%	488,3 k €	+20.3%	406,1 k €
Net result	249,4 k €	-49.9%	498,3 k €	+76.2%	282,8 k €	+29.8%	217,9 k €	-24.7%	289,4 k €	-20.9%	366 k €	+23.9%	295,4 k €	-4.5%	309,3 k €	+18.1%	261,9 k €	+12.4%	233 k €	-15.1%	274,6 k €	+39.1%	197,4 k €	-13.8%	228,9 k €	+46.2%	156,5 k €	+376%	32,9 k €	-67.8%	102 k €	-66.2%	302 k €	-3.4%	312,7 k €	-5.7%	331,6 k €	+21.8%	272,2 k €
Balance sheet
Equity	1,5 M €	+19.2%	1,3 M €	-40.3%	2,2 M €	+14.9%	1,9 M €	+13.0%	1,7 M €	-9.9%	1,9 M €	+24.5%	1,5 M €	+24.7%	1,2 M €	+34.9%	887,4 k €	+41.9%	625,5 k €	-5.7%	663,3 k €	+12.7%	588,7 k €	+400%	117,9 k €	-81.1%	624,9 k €	-7.9%	678,4 k €	-19.8%	845,5 k €	+13.7%	743,4 k €	+68.4%	441,4 k €	+16.9%	377,7 k €	+28.0%	295,2 k €
Total assets	2,3 M €	-33.2%	3,4 M €	+20.1%	2,9 M €	+13.6%	2,5 M €	+19.0%	2,1 M €	-33.8%	3,2 M €	+19.4%	2,7 M €	+7.9%	2,5 M €	+21.6%	2 M €	-2.9%	2,1 M €	+2.0%	2,1 M €	-14.5%	2,4 M €	-2.6%	2,5 M €	-3.9%	2,6 M €	-1.5%	2,6 M €	+41.3%	1,8 M €	+46.2%	1,3 M €	-13.6%	1,5 M €	+20.6%	1,2 M €	+8.8%	1,1 M €
Cash	1,2 M €	-2.0%	1,2 M €	+386%	252,5 k €	+33.6%	189 k €	-41.2%	321,7 k €	-16.9%	387,2 k €	+7.0%	361,8 k €	-21.3%	459,7 k €	+53.8%	298,8 k €	-12.6%	341,9 k €	+12.6%	303,6 k €	-24.2%	400,6 k €	+12.4%	356,4 k €	-18.7%	438,4 k €	+22.4%	358,2 k €	+106%	173,9 k €	-9.6%	192,4 k €	-41.4%	328,2 k €	+43.9%	228 k €	+52.5%	149,5 k €
Debts	740,9 k €	-65.1%	2,1 M €	+214%	676,4 k €	+9.5%	617,9 k €	+42.3%	434,2 k €	-67.2%	1,3 M €	+12.8%	1,2 M €	-7.9%	1,3 M €	+11.3%	1,1 M €	-21.9%	1,5 M €	+5.7%	1,4 M €	-22.8%	1,8 M €	-23.2%	2,3 M €	+20.8%	1,9 M €	+0.8%	1,9 M €	+93.5%	994 k €	+92.4%	516,5 k €	-49.2%	1 M €	+22.3%	831 k €	+1.8%	816,3 k €
Other
Workforce	14,2 ETP	+18.3%	12,0 ETP	-3.2%	12,4 ETP	-8.8%	13,6 ETP	-4.2%	14,2 ETP	+0.7%	14,1 ETP	-4.1%	14,7 ETP	0.0%	14,7 ETP	0.0%	14,7 ETP	-1.3%	14,9 ETP	0.0%	14,9 ETP	+13.7%	13,1 ETP	-5.8%	13,9 ETP	-0.7%	14,0 ETP	+0.7%	13,9 ETP	0.0%	13,9 ETP	+0.7%	13,8 ETP	-5.5%	14,6 ETP	-4.6%	15,3 ETP	-2.5%	15,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Ann Nackaerts

Managing director

Active

Veda

Managing director · 0421.954.552

Represented by Paul Vanhonsebrouck

Active

Yolande Debie

Director

Active

Ended mandates

Yolande De Bie

Director · since 12 décembre 2014

Ended

Hubert Nackaerts

Director · until 12 décembre 2014

Ended

Hubert Nackaerts

Director

Ended

Veda

Managing director · 0421.954.552

Represented by Paul Vanhonsebrouck

Ended

At this address

Other companies at this address

Company	CBE no.
BERCHEM RETAIL PARK● Active	0547.831.848
CHRISTCO● Active	0452.404.931
DE VLEESUNIE● Active	0426.230.470
NICO● Active	0889.613.823
S.D.D.● Active	0417.723.966
VANGROU● Active	0454.876.847
Veda● Active	0421.954.552

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	29/07/2026	17/07/2025	30/08/2024	30/08/2023	28/07/2022	20/08/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/05/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/05/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/05/2021	20/08/2021	Dutch	PDF
Abridged model	31/12/2019	11/05/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	13/05/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	08/05/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	29/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	24/07/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	17/08/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2007	12/05/2008	21/08/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 3 active · 7 ended

Active mandates

Ann Nackaerts

Managing director

Active

Veda

Managing director · 0421.954.552

Represented by Paul Vanhonsebrouck

Active

Yolande Debie

Director

Active

Ended mandates

Yolande De Bie

Director · since 12 décembre 2014

Ended

Hubert Nackaerts

Director · until 12 décembre 2014

Ended

Hubert Nackaerts

Director

Ended

Veda

Managing director · 0421.954.552

Represented by Paul Vanhonsebrouck

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates08/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/04/2014
KAPITAAL - AANDELEN
PDF
Mandates03/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2008
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 2025249,4 k €↓
2024
Annual accounts 2024498,3 k €↑
2023
Annual accounts 2023282,8 k €↑
2022
Annual accounts 2022217,9 k €↓
2021
Annual accounts 2021289,4 k €↓
2020
Annual accounts 2020366 k €↑
2019
Annual accounts 2019295,4 k €↓
2018
Annual accounts 2018309,3 k €↑
2017
Annual accounts 2017261,9 k €↑
2016
Annual accounts 2016233 k €↓
2015
Annual accounts 2015274,6 k €↑
2014
Annual accounts 2014197,4 k €↓
2013
Annual accounts 2013228,9 k €↑
2012
Annual accounts 2012156,5 k €↑
2011
Annual accounts 201132,9 k €↓
2010
Annual accounts 2010102 k €↓
2009
Annual accounts 2009302 k €↓
2008
Annual accounts 2008312,7 k €↓
2007
Annual accounts 2007331,6 k €↑
2006
Annual accounts 2006272,2 k €
23/08/1978
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

Marcan

Overview

What does Marcan do?

Trend over 20 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