ACTIVE

MARNIC

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Financial year 2025 · closed on 31/12/2025

Net result

-3,7 k €

-240.7% YoY

Gross margin

-1,9 k €

+80.7% YoY

Equity

652,4 k €

-0.6% YoY

What does MARNIC do?

MARNIC is a Public limited company incorporated in 1983. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.337.683

Incorporation

24/05/1983

Legal form

Public limited company

Registered office

Spinnerijstraat(Kor) 99 box 23
8500 Kortrijk · FlandreSee on map

Contributed capital

417 546,28 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 64999Other financial service activities, except insurance and pension funding n.e.c.

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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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	-1,9 k €	+80.7%	-9,6 k €	-58.0%	-6,1 k €	-120%	29,9 k €	-85.6%	208 k €	+14.8%	181,2 k €	+109%	86,8 k €	+187%	30,3 k €	-86.8%	230,3 k €	+37.9%	167 k €	-22.9%	216,6 k €	-9.9%	240,3 k €	-3.2%	248,3 k €	-0.3%	249 k €	+3.7%	240,1 k €	-4.3%	250,8 k €	-2.4%	256,9 k €	+8.8%	236,1 k €	+12.2%	210,4 k €	-2.2%	215,1 k €
EBITDA	-2,4 k €	+76.4%	-10,1 k €	-53.8%	-6,6 k €	-335%	2,8 k €	-98.5%	181 k €	+17.2%	154,4 k €	+151%	61,6 k €	+175%	22,4 k €	-89.0%	203,8 k €	+8.0%	188,7 k €	+32.0%	143 k €	-33.4%	214,6 k €	-3.7%	222,8 k €	-0.6%	224,1 k €	+3.7%	216 k €	-4.9%	227,2 k €	-2.7%	233,4 k €	+9.3%	213,7 k €	+12.9%	189,2 k €	-2.6%	194,2 k €
Operating result	-4,9 k €	+64.3%	-13,7 k €	-39.6%	-9,8 k €	-2423%	423 €	-99.7%	161,9 k €	+21.0%	133,8 k €	+227%	40,9 k €	+2910%	1,4 k €	-99.3%	182,8 k €	+8.9%	167,9 k €	+38.0%	121,6 k €	-20.5%	153,1 k €	-5.0%	161,1 k €	-1.2%	163 k €	+15.6%	141 k €	+5.0%	134,3 k €	-3.9%	139,7 k €	+16.6%	119,8 k €	+24.8%	96 k €	-4.7%	100,7 k €
Net result	-3,7 k €	-241%	2,6 k €	-4.6%	2,8 k €	+239%	816,3 €	-99.3%	121,4 k €	+21.0%	100,3 k €	+235%	29,9 k €	+3172%	914,1 €	-99.4%	158 k €	+5.2%	150,2 k €	+22.3%	122,9 k €	-16.7%	147,5 k €	-2.4%	151,2 k €	-6.6%	161,9 k €	+33.7%	121,1 k €	+6.2%	114,1 k €	+19.1%	95,8 k €	+26.2%	75,9 k €	+26.6%	59,9 k €	-16.5%	71,8 k €
Balance sheet
Equity	652,4 k €	-0.6%	656,1 k €	+0.4%	653,4 k €	+0.4%	650,7 k €	+0.1%	649,9 k €	+21.8%	533,4 k €	+23.2%	433,1 k €	-60.4%	1,1 M €	+0.1%	1,1 M €	+5.6%	1 M €	+5.1%	985,6 k €	+0.1%	984,7 k €	+0.3%	982,2 k €	+0.1%	981 k €	+6.7%	919,1 k €	+8.4%	848 k €	+8.2%	783,9 k €	+13.9%	688,1 k €	+12.4%	612,2 k €	+10.8%	552,3 k €
Total assets	664,2 k €	+1.2%	656,1 k €	-0.2%	657,7 k €	-0.7%	662,1 k €	-0.4%	664,9 k €	+21.5%	547,4 k €	-28.6%	766,4 k €	-30.6%	1,1 M €	-9.1%	1,2 M €	+4.8%	1,2 M €	-4.2%	1,2 M €	+2.2%	1,2 M €	-1.0%	1,2 M €	+4.6%	1,1 M €	+10.0%	1 M €	+9.3%	952,5 k €	-13.6%	1,1 M €	+1.2%	1,1 M €	-6.1%	1,2 M €	-8.2%	1,3 M €
Cash	453,2 k €	+13662%	3,3 k €	-81.4%	17,7 k €	-30.9%	25,7 k €	-95.4%	556,2 k €	+40.0%	397,2 k €	-33.3%	595,7 k €	+13.4%	525,1 k €	-16.0%	625,3 k €	+199%	208,8 k €	+240%	61,4 k €	-44.5%	110,7 k €	-75.7%	455,5 k €	+18.2%	385,5 k €	+95.7%	197 k €	+301%	49,1 k €	-54.1%	106,8 k €	+3079%	3,4 k €	+646%	450,6 €	-11.7%	510,1 €
Debts	10 k €		–		4,2 k €	-62.8%	11,4 k €	-15.1%	13,4 k €	-4.0%	14 k €	-95.8%	333,3 k €	+3534%	9,2 k €	-91.7%	110,6 k €	-4.0%	115,2 k €	-11.2%	129,8 k €	-15.1%	152,8 k €	-3.2%	157,8 k €	+46.4%	107,8 k €	+59.2%	67,7 k €	+17.0%	57,8 k €	-78.7%	271,4 k €	-32.3%	400,7 k €	-26.7%	547 k €	-21.6%	697,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 46 ended

Active mandates

BREVERFIN

Managing director · since 18 juin 2025 · until 17 juin 2031 · 0810.792.712

Represented by Brecht VERMANDER

Active

Sophie Dewulf

Director · since 18 juin 2025 · until 17 juin 2031

Active

Ended mandates

GFB INVEST

Managing director · since 09 juillet 2021 · until 20 mai 2025 · 0770.978.368

Represented by Geraldine BILLIET

Ended

Felix-Louis BILLIET

Director · since 16 janvier 2018 · until 21 mai 2019

Ended

Geraldine BILLIET

Managing director · since 16 janvier 2018 · until 21 mai 2019

Ended

Ludovic BILLIET

Director · since 16 janvier 2018 · until 21 mai 2019

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	20/08/2026	07/02/2025	08/07/2024	08/06/2023	20/06/2022	16/06/2021
General meeting	27/06/2026	17/01/2025	11/06/2024	16/05/2023	17/05/2022	18/05/2021
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

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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	27/06/2026	20/08/2026	Dutch	PDF
Abridged model	31/12/2024	17/01/2025	07/02/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	08/07/2024	Dutch	PDF
Micro model	31/12/2022	16/05/2023	08/06/2023	Dutch	PDF
Micro model	31/12/2021	17/05/2022	20/06/2022	Dutch	PDF
Micro model	31/12/2020	18/05/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	19/05/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	12/06/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	15/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/05/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	23/03/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 46 ended

Active mandates

BREVERFIN

Managing director · since 18 juin 2025 · until 17 juin 2031 · 0810.792.712

Represented by Brecht VERMANDER

Active

Sophie Dewulf

Director · since 18 juin 2025 · until 17 juin 2031

Active

Ended mandates

GFB INVEST

Managing director · since 09 juillet 2021 · until 20 mai 2025 · 0770.978.368

Represented by Geraldine BILLIET

Ended

Felix-Louis BILLIET

Director · since 16 janvier 2018 · until 21 mai 2019

Ended

Geraldine BILLIET

Managing director · since 16 janvier 2018 · until 21 mai 2019

Ended

Ludovic BILLIET

Director · since 16 janvier 2018 · until 21 mai 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/02/2024
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/11/2019
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates10/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/08/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/03/2018
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 2025-3,7 k €↓
2024
Annual accounts 20242,6 k €↓
2023
Annual accounts 20232,8 k €↑
2022
Annual accounts 2022816,3 €↓
2021
Annual accounts 2021121,4 k €↑
2020
Annual accounts 2020100,3 k €↑
2019
Annual accounts 201929,9 k €↑
2018
Annual accounts 2018914,1 €↓
2017
Annual accounts 2017158 k €↑
2016
Annual accounts 2016150,2 k €↑
2015
Annual accounts 2015122,9 k €↓
2014
Annual accounts 2014147,5 k €↓
2013
Annual accounts 2013151,2 k €↓
2012
Annual accounts 2012161,9 k €↑
2011
Annual accounts 2011121,1 k €↑
2010
Annual accounts 2010114,1 k €↑
2009
Annual accounts 200995,8 k €↑
2008
Annual accounts 200875,9 k €↑
2007
Annual accounts 200759,9 k €↓
2006
Annual accounts 200671,8 k €
24/05/1983
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

MARNIC

Overview

What does MARNIC 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