ACTIVE

MARLINK

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

1,8 M €

+15.4% YoY

Gross margin

1,8 M €

-50.1% YoY

Equity

16,4 M €

+2.2% YoY

Workforce

17,5 ETP

+8.0% YoY

What does MARLINK do?

MARLINK is a Public limited company incorporated in 1980. Its main activity is: Wired telecommunications activities. Its registered office is in Ixelles. It employs on average 17,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.594.572

Incorporation

30/06/1980

Legal form

Public limited company

Registered office

Avenue Louise 54 box 3
1050 Ixelles · BruxellesSee on map

Contributed capital

13 982 905,11 €

Latest accounts

31/12/2024

Average workforce

17,5 ETP

Activities (NACE)

61100Wired telecommunications activities· main 61200Wireless telecommunications activities 61300Satellite telecommunications activities 64200Activities of holding companies 61200Wireless telecommunications activities 61900Other telecommunications activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy 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 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,8 M €	-50.1%	3,7 M €	+119%	1,7 M €	+86.9%	893,3 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-1,3 M €	-537%	298,9 k €	+137%	-809,4 k €	+53.7%	-1,7 M €	-227%	1,4 M €	+178%	496 k €	-32.0%	729,6 k €	-54.3%	1,6 M €	-3.6%	1,7 M €	+1120%	-162,2 k €	-113%	1,2 M €	+184%	435,6 k €	-86.8%	3,3 M €	-27.5%	4,6 M €	+2.9%	4,4 M €
Operating result	-1,1 M €	-218%	928,3 k €	+275%	-531,8 k €	+51.7%	-1,1 M €	-167%	1,6 M €	+132%	707,1 k €	+40.3%	504,1 k €	-71.8%	1,8 M €	+132%	769,7 k €	+144%	-1,7 M €	-3162%	57 k €	+116%	-352,3 k €	-118%	2 M €	-17.0%	2,4 M €	+5.3%	2,3 M €
Net result	1,8 M €	+15.4%	1,6 M €	-2.0%	1,6 M €	+52.5%	1 M €	-9.8%	1,2 M €	+102%	573,1 k €	-45.1%	1 M €	-17.6%	1,3 M €	-20.4%	1,6 M €	+172%	-2,2 M €	-208%	-722,1 k €	-1646%	46,7 k €	-95.1%	957,4 k €	-64.0%	2,7 M €	+54.0%	1,7 M €
Balance sheet
Equity	16,4 M €	+2.2%	16,1 M €	+2.3%	15,7 M €	+2.6%	15,3 M €	+1.3%	15,1 M €	+1.0%	15 M €	+0.5%	14,9 M €	+1.7%	14,6 M €	-1.6%	14,9 M €	+80.6%	8,2 M €	-21.3%	10,5 M €	-6.5%	11,2 M €	+0.4%	11,1 M €	+9.4%	10,2 M €	+35.4%	7,5 M €
Total assets	39,3 M €	+36.4%	28,8 M €	+37.0%	21 M €	+0.1%	21 M €	-30.4%	30,2 M €	+3.3%	29,2 M €	-25.1%	39 M €	+72.1%	22,6 M €	+0.8%	22,5 M €	-33.9%	34 M €	+9.3%	31,1 M €	+36.0%	22,9 M €	-2.3%	23,4 M €	+6.0%	22,1 M €	+37.3%	16,1 M €
Cash	136,6 k €	+130964%	104,3 €	-100.0%	316,2 k €	+94.5%	162,6 k €	-60.1%	407,1 k €	-64.7%	1,2 M €	-17.1%	1,4 M €	+0.5%	1,4 M €	-41.4%	2,4 M €	-79.4%	11,5 M €	+315%	2,8 M €	-11.1%	3,1 M €	+57.7%	2 M €	-58.5%	4,7 M €	+178%	1,7 M €
Debts	22 M €	+83.6%	12 M €	+142%	5 M €	-5.8%	5,3 M €	-64.1%	14,6 M €	+6.1%	13,8 M €	-41.4%	23,6 M €	+227%	7,2 M €	+8.0%	6,7 M €	-72.1%	24 M €	+26.5%	18,9 M €	+147%	7,7 M €	-17.8%	9,3 M €	-14.3%	10,9 M €	+27.6%	8,5 M €
Other
Workforce	17,5 ETP	+8.0%	16,2 ETP	-1.8%	16,5 ETP	-1.8%	16,8 ETP	-1.8%	17,1 ETP	-5.0%	18,0 ETP	-5.8%	19,1 ETP	+2.7%	18,6 ETP	-1.1%	18,8 ETP	-35.6%	29,2 ETP	-6.1%	31,1 ETP	-11.4%	35,1 ETP	+5.4%	33,3 ETP	-6.2%	35,5 ETP	-0.3%	35,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 25 ended

Active mandates

Erik CEUPPENS

Director · since 31 mars 2021 · until 22 mai 2026

Active

Hervé NAYS

Director · since 31 mars 2021 · until 22 mai 2026

Active

TORE MORTEN OLSEN

Managing director · since 31 mars 2021 · until 22 mai 2026

Active

Ended mandates

Erik CEUPPENS

Director · since 31 mars 2021 · until 31 décembre 2025

Ended

Hervé NAYS

Director · since 31 mars 2021 · until 31 décembre 2025

Ended

TORE MORTEN OLSEN

Managing director · since 31 mars 2021 · until 31 décembre 2025

Ended

Hervé NAYS

Director · since 21 octobre 2016 · until 31 décembre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
A2CURATE● Active	1018.043.902
A2S CONNECTION● Active	1009.031.315
ACOUNA● Active	0779.328.187
Adisseo Venture● Active	0731.942.895
ADO CONSTRUCT● Active	0898.281.960
AD VITRAGE● Active	0677.677.533
A. Fontaine et Fils● Active	0415.967.672
AF TRADING● Active	0886.780.334
AIA 2004● Active	1032.672.886
ALATA LABS● Active	0743.589.924
ALDIK● Active	1039.449.426
ALD STUDIO● Active	0802.043.411
ALIWIL MANAGEMENT● Active	1033.044.060
Alliance Européenne pour la Publicité Numérique Interactive● Active	0846.790.105
Amewy Management● Active	0667.826.192
ANAEA● Active	0728.528.891
ANDRE-AZ● Bankrupt	0808.564.482
Apollo X● Active	1032.637.650
ART PROJECT DEVELOPMENT & FINANCE● Active	0847.686.562
AS 74 SOCCER MANAGEMENT● Active	0732.623.380

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	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	27/06/2025	26/06/2024	16/05/2023	18/05/2022	26/04/2021	15/07/2020
General meeting	23/05/2025	22/04/2024	21/04/2023	31/03/2022	31/03/2021	30/03/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	23/05/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	22/04/2024	26/06/2024	French	PDF
Abridged model	31/12/2022	21/04/2023	16/05/2023	French	PDF
Abridged model	31/12/2021	31/03/2022	18/05/2022	French	PDF
Full model	31/12/2020	31/03/2021	26/04/2021	French	PDF
Full model	31/12/2019	30/03/2020	15/07/2020	French	PDF
Full model	31/12/2018	28/06/2019	05/07/2019	French	PDF
Full model	31/12/2017	18/06/2018	18/07/2018	French	PDF
Full model	31/12/2016	31/05/2017	20/06/2017	French	PDF
Abridged model	31/12/2015	25/11/2016	29/11/2016	French	PDF
Full model	31/12/2014	22/05/2015	29/07/2015	French	PDF
Full model	31/12/2013	23/05/2014	11/06/2014	French	PDF
Full model	31/12/2012	23/05/2013	15/07/2013	French	PDF
Full model	31/12/2011	23/05/2012	27/07/2012	French	PDF
Full model	31/12/2010	26/05/2011	03/06/2011	French	PDF
Full model	31/12/2009	28/05/2010	23/06/2010	French	PDF
Full model	31/12/2008	22/05/2009	09/06/2009	French	PDF
Full model	31/12/2007	23/05/2008	13/06/2008	French	PDF
Full model	31/12/2006	25/06/2007	24/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 3 active · 25 ended

Active mandates

Erik CEUPPENS

Director · since 31 mars 2021 · until 22 mai 2026

Active

Hervé NAYS

Director · since 31 mars 2021 · until 22 mai 2026

Active

TORE MORTEN OLSEN

Managing director · since 31 mars 2021 · until 22 mai 2026

Active

Ended mandates

Erik CEUPPENS

Director · since 31 mars 2021 · until 31 décembre 2025

Ended

Hervé NAYS

Director · since 31 mars 2021 · until 31 décembre 2025

Ended

TORE MORTEN OLSEN

Managing director · since 31 mars 2021 · until 31 décembre 2025

Ended

Hervé NAYS

Director · since 21 octobre 2016 · until 31 décembre 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office31/12/2024
SIEGE SOCIAL
PDF
Capital / shares20/12/2023
CAPITAL, ACTIONS
PDF
Other28/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2017
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

2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 20231,6 M €↓
2022
Annual accounts 20221,6 M €↑
2021
Annual accounts 20211 M €↓
2020
Annual accounts 20201,2 M €↑
2019
Annual accounts 2019573,1 k €↓
2018
Annual accounts 20181 M €↓
2017
Annual accounts 20171,3 M €↓
2016
Annual accounts 20161,6 M €↑
2012
Annual accounts 2012-2,2 M €↓
2012
Name changeASTRIUM SERVICES BUSINESS COMMUNICATIONS
2011
Annual accounts 2011-722,1 k €↓
2010
Annual accounts 201046,7 k €↓
2009
Annual accounts 2009957,4 k €↓
2008
Annual accounts 20082,7 M €↑
2007
Annual accounts 20071,7 M €
2007
Name changeMARLINK SA
30/06/1980
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

MARLINK

Overview

What does MARLINK do?

Trend over 15 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