ACTIVE

CED - MARA

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Financial year 2025 · closed on 31/03/2025

Net result

110,2 k €

-44.4% YoY

Gross margin

185,8 k €

-39.8% YoY

Equity

692,5 k €

+18.9% YoY

What does CED - MARA do?

CED - MARA is a Private limited company incorporated in 1986. Its main activity is: Management consultancy activities. Its registered office is in Hamme (Vl.).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.591.026

Incorporation

06/10/1986

Legal form

Private limited company

Registered office

Kasteellaan 15A
9220 Hamme (Vl.) · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007
Income statement
Gross margin	185,8 k €	-39.8%	308,7 k €	+38.9%	222,3 k €	+123%	99,7 k €	-4.3%	104,2 k €	+30.1%	80,1 k €	+31.1%	61,1 k €	+40.6%	43,5 k €	-10.8%	48,7 k €	+24.9%	39 k €	-42.6%	67,9 k €	+9.1%	62,3 k €	-6.5%	66,6 k €	-7.7%	72,2 k €	+15.6%	62,4 k €	-31.0%	90,4 k €	+238%	26,8 k €	-31.0%	38,8 k €
EBITDA	179,6 k €	-41.0%	304,6 k €	+38.7%	219,7 k €	+126%	97,1 k €	-4.4%	101,6 k €	+30.9%	77,6 k €	+32.4%	58,6 k €	+43.1%	41 k €	-11.3%	46,2 k €	+26.6%	36,5 k €	-44.2%	65,4 k €	+9.3%	59,8 k €	-5.6%	63,4 k €	-10.4%	70,7 k €	+26.4%	56 k €	+27.8%	43,8 k €	+87.4%	23,4 k €	-33.8%	35,3 k €
Operating result	158,3 k €	-44.7%	286,4 k €	+41.8%	201,9 k €	+154%	79,4 k €	-2.9%	81,8 k €	+55.9%	52,5 k €	+56.7%	33,5 k €	+49.3%	22,4 k €	-23.5%	29,3 k €	+57.0%	18,7 k €	-59.2%	45,8 k €	+18.9%	38,5 k €	-16.2%	45,9 k €	-15.6%	54,4 k €	+363%	11,7 k €	-46.6%	22 k €	+122%	9,9 k €	-27.4%	13,6 k €
Net result	110,2 k €	-44.4%	198,2 k €	+47.0%	134,8 k €	+142%	55,7 k €	-3.0%	57,5 k €	+63.9%	35 k €	+70.5%	20,5 k €	+73.7%	11,8 k €	-26.3%	16,1 k €	+114%	7,5 k €	-70.1%	25,1 k €	+16.7%	21,5 k €	-29.3%	30,4 k €	-13.2%	35,1 k €	+2405%	1,4 k €	+73.2%	807,8 €	-7.8%	875,9 €	-73.6%	3,3 k €
Balance sheet
Equity	692,5 k €	+18.9%	582,3 k €	+32.6%	439 k €	+44.3%	304,2 k €	+22.4%	248,5 k €	+28.1%	194 k €	+19.8%	162 k €	+14.5%	141,4 k €	+9.1%	129,6 k €	+14.1%	113,6 k €	+7.1%	106 k €	+24.9%	84,9 k €	+26.0%	67,4 k €	+33.6%	50,4 k €	+51.1%	33,4 k €	+4.4%	32 k €	+2.6%	31,2 k €	+2.9%	30,3 k €
Total assets	796,8 k €	+8.2%	736,5 k €	+23.0%	598,6 k €	+23.7%	483,8 k €	+7.5%	449,9 k €	+9.5%	410,8 k €	+1.7%	404 k €	+13.4%	356,3 k €	+1.0%	352,7 k €	-3.0%	363,6 k €	-9.4%	401,1 k €	+2.5%	391,4 k €	-1.5%	397,3 k €	-1.9%	404,9 k €	+3.2%	392,5 k €	+50.9%	260,1 k €	+4.9%	248 k €	-5.1%	261,3 k €
Cash	391,6 k €	+20.8%	324,2 k €	+23.3%	262,9 k €	+15.9%	226,9 k €	+15.3%	196,8 k €	+30.4%	150,9 k €	+34.9%	111,9 k €	+27.3%	87,9 k €	+9.5%	80,2 k €	+8.0%	74,3 k €	-22.0%	95,2 k €	+40.9%	67,5 k €	+14.6%	58,9 k €	-8.6%	64,5 k €	+53.2%	42,1 k €	+19.0%	35,4 k €	+142%	14,6 k €	-16.6%	17,6 k €
Debts	25,4 k €	-66.3%	75,3 k €	-6.5%	80,6 k €	-13.4%	93,1 k €	-19.0%	115 k €	-12.5%	131,4 k €	-17.4%	159 k €	+18.1%	134,6 k €	-7.2%	145,1 k €	-15.5%	171,7 k €	-17.6%	208,4 k €	-6.7%	223,3 k €	-10.3%	249 k €	-10.0%	276,6 k €	+0.3%	275,8 k €	+80.3%	153 k €	-19.8%	190,8 k €	-5.0%	200,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 1 ended

Active mandates

MARITA PEELMAN

Director

Active

Ended mandates

MARITA PEELMAN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	07/11/2024	31/10/2023	30/11/2022	05/11/2021	26/11/2020
General meeting	01/09/2025	02/09/2024	04/09/2023	05/09/2022	06/09/2021	07/09/2020
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
Micro model	31/03/2025	01/09/2025	30/10/2025	Dutch	PDF
Micro model	31/03/2024	02/09/2024	07/11/2024	Dutch	PDF
Micro model	31/03/2023	04/09/2023	31/10/2023	Dutch	PDF
Micro model	31/03/2022	05/09/2022	30/11/2022	Dutch	PDF
Micro model	31/03/2021	06/09/2021	05/11/2021	Dutch	PDF
Micro model	31/03/2020	07/09/2020	26/11/2020	Dutch	PDF
Micro model	31/03/2019	02/09/2019	25/11/2019	Dutch	PDF
Micro model	31/03/2018	03/09/2018	29/11/2018	Dutch	PDF
Micro model	31/03/2017	04/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	05/09/2016	29/11/2016	Dutch	PDF
Abridged model	31/03/2015	07/09/2015	19/11/2015	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	12/11/2014	Dutch	PDF
Abridged model	31/03/2013	02/09/2013	20/11/2013	Dutch	PDF
Abridged model	31/03/2012	03/09/2012	19/11/2012	Dutch	PDF
Abridged model	31/03/2011	05/09/2011	24/11/2011	Dutch	PDF
Abridged model	31/03/2010	06/09/2010	29/10/2010	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	02/02/2009	Dutch	PDF
Abridged model	30/06/2007	03/12/2007	28/12/2007	Dutch	PDF
Abridged model	30/06/2006	04/12/2006	02/01/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 1 ended

Active mandates

MARITA PEELMAN

Director

Active

Ended mandates

MARITA PEELMAN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2009
DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares08/10/2004
KAPITAAL - AANDELEN - BOEKJAAR
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 2025110,2 k €↓
2024
Annual accounts 2024198,2 k €↑
2023
Annual accounts 2023134,8 k €↑
2022
Annual accounts 202255,7 k €↓
2021
Annual accounts 202157,5 k €↑
2020
Annual accounts 202035 k €↑
2019
Annual accounts 201920,5 k €↑
2018
Annual accounts 201811,8 k €↓
2017
Annual accounts 201716,1 k €↑
2016
Annual accounts 20167,5 k €↓
2015
Annual accounts 201525,1 k €↑
2014
Annual accounts 201421,5 k €↓
2013
Annual accounts 201330,4 k €↓
2012
Annual accounts 201235,1 k €↑
2011
Annual accounts 20111,4 k €↑
2010
Annual accounts 2010807,8 €↓
2008
Annual accounts 2008875,9 €↓
2007
Annual accounts 20073,3 k €
06/10/1986
IncorporationPrivate 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

CED - MARA

Overview

What does CED - MARA do?

Trend over 18 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