ACTIVE

GRANDES MAREES

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Financial year 2024 · closed on 31/12/2024

Net result

229,6 k €

-27.3% YoY

Revenue

12 M €

-5.0% YoY

Equity

2,3 M €

+8.1% YoY

Workforce

16,9 ETP

+3.0% YoY

What does GRANDES MAREES do?

GRANDES MAREES is a Public limited company incorporated in 1981. Its registered office is in Bruxelles. It employs on average 16,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.382.351

Incorporation

26/03/1981

Legal form

Public limited company

Registered office

Allée Verte 35
1000 Bruxelles · BruxellesSee on map

Contributed capital

270 174,45 €

Latest accounts

31/12/2024

Average workforce

16,9 ETP

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	12 M €	-5.0%	12,7 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	396,2 k €	-46.2%	736 k €	+196%	248,9 k €	-39.7%	413 k €	-22.3%	531,7 k €	+18.0%	450,7 k €	-11.0%	506,2 k €	-18.9%	623,8 k €	+32.5%	470,6 k €	+17.2%	401,4 k €	-35.1%	618,4 k €	+82.9%	338,1 k €	-15.6%	400,6 k €	+13.0%	354,5 k €	+30.4%	271,8 k €	-3.8%	282,6 k €	+90.1%	148,6 k €	-43.3%	262 k €	+194%	89 k €
Operating result	304,8 k €	-22.3%	392,3 k €	+275%	104,5 k €	-64.5%	294,5 k €	+0.6%	292,8 k €	+10.6%	264,6 k €	+35.9%	194,7 k €	+16.7%	166,9 k €	-9.2%	183,8 k €	+27.2%	144,5 k €	-13.7%	167,4 k €	+11.3%	150,4 k €	-19.5%	186,8 k €	+3.7%	180,2 k €	+45.4%	123,9 k €	-4.1%	129,2 k €	+140%	53,7 k €	-63.3%	146,6 k €	+405%	29 k €
Net result	229,6 k €	-27.3%	315,7 k €	+104%	154,6 k €	+1.7%	152 k €	-42.6%	265 k €	+12.8%	234,9 k €	+46.9%	159,9 k €	+40.6%	113,8 k €	-12.2%	129,6 k €	+19.3%	108,6 k €	+3.9%	104,5 k €	+11.6%	93,7 k €	+35.6%	69,1 k €	-50.2%	138,8 k €	+200%	46,2 k €	+87.2%	24,7 k €	-21.3%	31,4 k €	-53.3%	67,2 k €	+196%	-70,4 k €
Balance sheet
Equity	2,3 M €	+8.1%	2,1 M €	+13.7%	1,9 M €	+7.9%	1,7 M €	+8.4%	1,6 M €	+22.3%	1,3 M €	+15.0%	1,1 M €	+9.2%	1 M €	+8.9%	963,7 k €	+9.0%	884,4 k €	+7.1%	826 k €	+19.1%	693,7 k €	+22.2%	567,6 k €	+35.2%	419,9 k €	+32.4%	317,2 k €	+3.3%	307 k €	+82.4%	168,3 k €	+22.9%	136,9 k €	+76.2%	77,7 k €
Total assets	4,4 M €	+14.7%	3,9 M €	+4.5%	3,7 M €	+13.4%	3,3 M €	+8.5%	3 M €	+10.3%	2,7 M €	+0.3%	2,7 M €	+4.5%	2,6 M €	+5.2%	2,5 M €	+20.7%	2,1 M €	-0.8%	2,1 M €	-5.9%	2,2 M €	+5.6%	2,1 M €	+8.9%	1,9 M €	+11.9%	1,7 M €	+15.0%	1,5 M €	+44.9%	1 M €	-7.4%	1,1 M €	+5.7%	1 M €
Cash	605,9 k €	+19.1%	508,8 k €	+94.6%	261,5 k €	-44.7%	472,5 k €	+0.6%	469,5 k €	+73.4%	270,8 k €	-57.6%	639,1 k €	+381%	132,8 k €	+3.7%	128,1 k €	+639%	17,3 k €	-84.5%	112 k €	+178%	40,4 k €	+17.6%	34,3 k €	-79.1%	164 k €	+388%	33,6 k €	-54.0%	73,1 k €	+181%	26,1 k €	-47.1%	49,3 k €	-20.0%	61,6 k €
Debts	2,1 M €	+23.0%	1,7 M €	-5.0%	1,8 M €	+19.9%	1,5 M €	+8.7%	1,4 M €	+0.1%	1,4 M €	-10.4%	1,6 M €	+0.7%	1,5 M €	+6.0%	1,5 M €	+25.2%	1,2 M €	-6.2%	1,2 M €	-17.3%	1,5 M €	-1.0%	1,5 M €	+1.5%	1,5 M €	+8.0%	1,4 M €	+17.4%	1,2 M €	+40.5%	837,2 k €	-11.8%	949 k €	-2.0%	968,7 k €
Other
Workforce	16,9 ETP	+3.0%	16,4 ETP	-2.4%	16,8 ETP	-8.2%	18,3 ETP	-7.6%	19,8 ETP	+1.0%	19,6 ETP	-5.8%	20,8 ETP	-5.5%	22,0 ETP	+10.6%	19,9 ETP	+22.1%	16,3 ETP	+15.6%	14,1 ETP	-2.1%	14,4 ETP	+30.9%	11,0 ETP	+4.8%	10,5 ETP	+6.1%	9,9 ETP	+16.5%	8,5 ETP	-15.0%	10,0 ETP	+8.7%	9,2 ETP	-15.6%	10,9 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 31/12/2024 · 2 active · 24 ended

Active mandates

Najib SETTOU

Director · since 28 mars 2023 · until 30 juin 2029

Active

Saïd Moussati

Managing director · since 28 mars 2023 · until 30 juin 2029

Active

Ended mandates

CRUSTABRU

Director · since 30 juin 2017 · until 20 juin 2023 · 0468.961.049

Represented by Saïd Moussati

Ended

CRUSTABRU

Director · since 30 juin 2017 · until 30 juin 2023 · 0468.961.049

Represented by Saïd MOUSSATI

Ended

M.S. IMMOB

Director · since 30 juin 2017 · until 20 juin 2023 · 0456.554.551

Represented by Saîd Moussati

Ended

M.S. IMMOB

Director · since 30 juin 2017 · until 28 mars 2023 · 0456.554.551

Represented by Saïd MOUSSATI

Ended

Annual accounts

Full financial information

	2024	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	01/01/2024	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	13/08/2025	29/08/2024	30/08/2023	17/10/2022	15/07/2021	28/08/2020
General meeting	17/06/2025	18/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	17/06/2025	13/08/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	17/10/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	18/06/2019	22/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	13/09/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	01/08/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	04/07/2016	French	PDF
Abridged model	31/12/2014	07/04/2015	16/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	14/08/2013	French	PDF
Abridged model	31/12/2011	26/06/2012	04/09/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	10/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	07/07/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	09/07/2008	French	PDF
Abridged model	31/12/2006	20/07/2007	17/08/2007	French	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 31/12/2024 · 2 active · 24 ended

Active mandates

Najib SETTOU

Director · since 28 mars 2023 · until 30 juin 2029

Active

Saïd Moussati

Managing director · since 28 mars 2023 · until 30 juin 2029

Active

Ended mandates

CRUSTABRU

Director · since 30 juin 2017 · until 20 juin 2023 · 0468.961.049

Represented by Saïd Moussati

Ended

CRUSTABRU

Director · since 30 juin 2017 · until 30 juin 2023 · 0468.961.049

Represented by Saïd MOUSSATI

Ended

M.S. IMMOB

Director · since 30 juin 2017 · until 20 juin 2023 · 0456.554.551

Represented by Saîd Moussati

Ended

M.S. IMMOB

Director · since 30 juin 2017 · until 28 mars 2023 · 0456.554.551

Represented by Saïd MOUSSATI

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates18/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/07/2009
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/12/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2003
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 2024229,6 k €↓
2023
Annual accounts 2023315,7 k €↑
2022
Annual accounts 2022154,6 k €↑
2021
Annual accounts 2021152 k €↓
2020
Annual accounts 2020265 k €↑
2019
Annual accounts 2019234,9 k €↑
2018
Annual accounts 2018159,9 k €↑
2017
Annual accounts 2017113,8 k €↓
2016
Annual accounts 2016129,6 k €↑
2015
Annual accounts 2015108,6 k €↑
2014
Annual accounts 2014104,5 k €↑
2013
Annual accounts 201393,7 k €↑
2012
Annual accounts 201269,1 k €↓
2011
Annual accounts 2011138,8 k €↑
2010
Annual accounts 201046,2 k €↑
2009
Annual accounts 200924,7 k €↓
2008
Annual accounts 200831,4 k €↓
2007
Annual accounts 200767,2 k €↑
2006
Annual accounts 2006-70,4 k €
26/03/1981
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

GRANDES MAREES

Overview

What does GRANDES MAREES do?

Trend over 19 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