ACTIVE

MARBEL

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Financial year 2024 · closed on 31/12/2024

Net result

794,3 k €

+11.0% YoY

Gross margin

2,1 M €

+2.1% YoY

Equity

946,8 k €

+45.1% YoY

Workforce

21,2 ETP

+6.0% YoY

What does MARBEL do?

MARBEL is a Private limited company incorporated in 1987. Its main activity is: Gambling and betting activities. Its registered office is in Bruxelles. It employs on average 21,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.144.896

Incorporation

25/09/1987

Legal form

Private limited company

Registered office

Avenue des Croix de Guerre 120
1120 Bruxelles · BruxellesSee on map

Contributed capital

43 400,00 €

Latest accounts

31/12/2024

Average workforce

21,2 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 56309Beverage serving activities 56309Beverage serving activities

Joint committees (2)

14904
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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
Gross margin	2,1 M €	+2.1%	2 M €	-8.8%	2,2 M €	+604%	314,5 k €	+25.2%	251,2 k €	-66.6%	751,3 k €	-30.9%	1,1 M €	+71.6%	633,3 k €	+30.6%	485 k €	-21.3%	616,5 k €	+9.4%	563,8 k €	-1.6%	573 k €	-37.4%	915,2 k €	+26.3%	724,8 k €	+50.1%	483 k €	-8.0%	524,9 k €	+11.8%	469,4 k €	+7.7%	435,8 k €	-5.4%	460,7 k €
EBITDA	1,1 M €	+10.7%	1 M €	-27.8%	1,4 M €	+1933%	69,1 k €	+177%	25 k €	-92.6%	335,4 k €	-51.8%	695,1 k €	+176%	252,1 k €	+813%	27,6 k €	-85.2%	186,2 k €	+5.4%	176,7 k €	-6.7%	189,4 k €	-63.9%	524,9 k €	+51.0%	347,7 k €	+433%	65,2 k €	-47.7%	124,8 k €	-36.1%	195,4 k €	-19.2%	241,7 k €	-5.3%	255,4 k €
Operating result	1,1 M €	+9.9%	983,2 k €	-28.5%	1,4 M €	+3528%	37,9 k €	+312%	-17,9 k €	-107%	255,8 k €	-58.3%	613,3 k €	+260%	170,5 k €	+566%	-36,6 k €	-128%	131,9 k €	+5.9%	124,5 k €	-9.5%	137,7 k €	-70.8%	471,2 k €	+61.5%	291,8 k €	+1425%	19,1 k €	-83.5%	115,7 k €	-31.5%	168,9 k €	-10.3%	188,3 k €	-5.0%	198,3 k €
Net result	794,3 k €	+11.0%	715,3 k €	-29.8%	1 M €	+2974%	33,2 k €	+270%	-19,5 k €	-112%	166,6 k €	-60.1%	417,9 k €	+275%	111,4 k €	+391%	-38,3 k €	-149%	77,6 k €	+2.3%	75,8 k €	-17.7%	92,1 k €	-70.8%	315,3 k €	+66.6%	189,2 k €	+1527%	11,6 k €	-85.5%	80,4 k €	-29.0%	113,3 k €	+7.5%	105,4 k €	-14.8%	123,7 k €
Balance sheet
Equity	946,8 k €	+45.1%	652,5 k €	+49.3%	437,2 k €	+272%	117,6 k €	-43.8%	209,5 k €	-8.5%	228,9 k €	-12.7%	262,3 k €	+81.6%	144,5 k €	+27.8%	113 k €	-25.3%	151,3 k €	-40.4%	253,7 k €	-49.0%	497,9 k €	-1.6%	505,7 k €	-26.8%	690,5 k €	+37.8%	501,2 k €	+2.4%	489,6 k €	+19.6%	409,2 k €	+38.3%	295,9 k €	+55.3%	190,6 k €
Total assets	1,8 M €	+3.2%	1,8 M €	+14.7%	1,5 M €	+235%	458,6 k €	+8.9%	421,2 k €	-36.0%	658 k €	-13.8%	763 k €	+26.0%	605,5 k €	-13.0%	696,2 k €	+12.7%	617,7 k €	-24.3%	815,9 k €	-5.3%	861,3 k €	-26.4%	1,2 M €	+21.0%	967 k €	+2.6%	942,2 k €	+15.8%	813,9 k €	+28.8%	631,8 k €	+27.4%	496,1 k €	+7.3%	462,2 k €
Cash	1,4 M €	+7.2%	1,3 M €	+1.0%	1,3 M €	+825%	138,2 k €	+21.9%	113,4 k €	-62.9%	305,3 k €	-7.6%	330,4 k €	+153%	130,8 k €	+12.5%	116,3 k €	-29.9%	165,7 k €	-51.1%	338,8 k €	+4.5%	324,2 k €	-54.9%	719,2 k €	+66.8%	431,3 k €	+572%	64,2 k €	-61.5%	166,8 k €	+969%	15,6 k €	+166%	5,9 k €	-80.2%	29,5 k €
Debts	874 k €	-21.4%	1,1 M €	+1.0%	1,1 M €	+223%	340,9 k €	+61.0%	211,7 k €	-50.0%	423,8 k €	-15.0%	498,3 k €	+8.4%	459,5 k €	-20.9%	580,9 k €	+26.3%	460 k €	-18.1%	561,8 k €	+57.8%	356,1 k €	-45.8%	657,3 k €	+166%	247,1 k €	-43.1%	434,1 k €	+33.9%	324,3 k €	+45.7%	222,6 k €	+11.2%	200,1 k €	-26.3%	271,7 k €
Other
Workforce	21,2 ETP	+6.0%	20,0 ETP	+10.5%	18,1 ETP	+108%	8,7 ETP	+7.4%	8,1 ETP	-5.8%	8,6 ETP	-4.4%	9,0 ETP	+5.9%	8,5 ETP	-16.7%	10,2 ETP	+13.3%	9,0 ETP	+4.7%	8,6 ETP	-2.3%	8,8 ETP	0.0%	8,8 ETP	-3.3%	9,1 ETP	-10.8%	10,2 ETP	+5.2%	9,7 ETP	+3.2%	9,4 ETP	+46.9%	6,4 ETP	+1.6%	6,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

GPFI

Director · since 09 janvier 2024 · 0841.832.811

Represented by MASSIMO MENEGALLI

Active

MASSIMO MENEGALLI

Director · since 09 janvier 2024

Active

Ended mandates

CHRISTIANE VAN NESPEN

Manager

Ended

Luc LAMOUCHE

Director

Ended

LUC LAMOUCHE

Director · until 09 janvier 2024

Ended

LUC LAMOUCHE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BARCLAY GROUP● Active	0862.798.667
BELGIAN GAMING ASSOCIATION B.G.A.● Active	0408.865.589
BELGIUM WEB CASINO● Active	0842.448.364
Center jeux automatiques● Active	0438.561.051
CITEXAR● Active	0449.633.404
citexlux● Active	0566.948.073
CONCEPT V GAMES● Active	0843.578.514
DEBA SQUARE● Active	0449.587.872
DE PIJL● Active	0432.417.981
DEVOMAS● Active	0425.443.780
ELENI PROJECTS● Active	0458.108.531
EUROPEAN AMUSEMENT● Active	0449.575.303
FINCAINVEST● Active	0890.430.801
FORTUNA 2000● Active	0465.106.684
Fun2play● Active	0446.241.273
GABY● Active	0757.470.921
General Automatic Amusement● Active	0407.052.085
GOLDEN PALACE● Active	0765.453.031
GOLDEN PALACE ANTWERPEN● Active	0713.710.558
GOLDEN PALACE WATERLOO● Active	0462.168.970

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	25/07/2025	05/07/2024	17/07/2023	23/08/2022	06/10/2021	08/07/2020
General meeting	11/06/2025	11/06/2024	09/05/2023	10/05/2022	11/05/2021	12/05/2020
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	11/06/2025	25/07/2025	French	PDF
Abridged model	31/12/2023	11/06/2024	05/07/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	17/07/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	23/08/2022	French	PDF
Abridged model	31/12/2020	11/05/2021	06/10/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	08/07/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	06/09/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	08/09/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	05/06/2015	French	PDF
Abridged model	31/12/2013	14/05/2014	26/05/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	09/05/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	26/05/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	18/05/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	20/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	22/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 7 ended

Active mandates

GPFI

Director · since 09 janvier 2024 · 0841.832.811

Represented by MASSIMO MENEGALLI

Active

MASSIMO MENEGALLI

Director · since 09 janvier 2024

Active

Ended mandates

CHRISTIANE VAN NESPEN

Manager

Ended

Luc LAMOUCHE

Director

Ended

LUC LAMOUCHE

Director · until 09 janvier 2024

Ended

LUC LAMOUCHE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates10/10/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2009
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 2024794,3 k €↑
2023
Annual accounts 2023715,3 k €↓
2022
Annual accounts 20221 M €↑
2021
Annual accounts 202133,2 k €↑
2020
Annual accounts 2020-19,5 k €↓
2019
Annual accounts 2019166,6 k €↓
2018
Annual accounts 2018417,9 k €↑
2017
Annual accounts 2017111,4 k €↑
2016
Annual accounts 2016-38,3 k €↓
2015
Annual accounts 201577,6 k €↑
2014
Annual accounts 201475,8 k €↓
2013
Annual accounts 201392,1 k €↓
2012
Annual accounts 2012315,3 k €↑
2011
Annual accounts 2011189,2 k €↑
2010
Annual accounts 201011,6 k €↓
2009
Annual accounts 200980,4 k €↓
2008
Annual accounts 2008113,3 k €↑
2007
Annual accounts 2007105,4 k €↓
2006
Annual accounts 2006123,7 k €
25/09/1987
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

MARBEL

Overview

What does MARBEL do?

Trend over 19 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