ACTIVE

MARO

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Financial year 2025 · closed on 31/12/2025
Net result
1,5 k €
+119.9% YoY
Gross margin
72,5 k €
+16.0% YoY
Equity
140,1 k €
-9.5% YoY

What does MARO do?

MARO is a Private limited company incorporated in 1989. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Balen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0438.850.962
Incorporation
01/12/1989
Legal form
Private limited company
Registered office
Nieuwendijk 22
2490 Balen · FlandreSee on map
Contributed capital
41 320,40 €
Latest accounts
31/12/2025
Activities (NACE)
47742Retail sale of medical and orthopaedic goods in specialised stores· main47782Other retail sale of new goods in specialised stores25110Manufacture of metal structures and parts of structures25110Manufacture of metal structures and parts of structures
Joint committees (1)
  • 100
Contacts
2 public details availableLog in to view
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 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin72,5 k €62,5 k €53 k €62,7 k €102,7 k €114,4 k €84,6 k €70,9 k €101,6 k €83,6 k €92,9 k €75,7 k €92,1 k €78,3 k €68,7 k €56,9 k €60,7 k €35,9 k €26,9 k €31,8 k €
EBITDA38,8 k €24,1 k €19,8 k €32,8 k €73 k €88,5 k €60,4 k €47,2 k €77,5 k €61,3 k €70,5 k €54,5 k €71,3 k €58,7 k €56,7 k €44,5 k €42,5 k €32,5 k €23,1 k €30,6 k €
Operating result13 k €-3,6 k €-20,4 k €4,9 k €38,5 k €55,3 k €27,3 k €15,3 k €47,8 k €31,4 k €42,5 k €28,1 k €43,2 k €43,1 k €42,4 k €26,1 k €26,6 k €15,8 k €9,8 k €9,1 k €
Net result1,5 k €-7,6 k €1,6 k €218,5 €26,3 k €37,8 k €16,1 k €9 k €30,1 k €14 k €24,6 k €9 k €30,9 k €22,3 k €21,1 k €11,2 k €9,1 k €10,5 k €1,3 k €1,2 k €
Balance sheet
Equity140,1 k €154,7 k €295 k €295 k €294,8 k €268,5 k €230,7 k €214,5 k €205,6 k €175,5 k €161,5 k €136,9 k €128 k €101,1 k €81,7 k €63,6 k €52,4 k €50,8 k €40,3 k €39 k €
Total assets378,1 k €411,7 k €474,1 k €446,2 k €394,6 k €413 k €405,2 k €384,2 k €387,2 k €349,2 k €343,6 k €341,4 k €360,1 k €289,9 k €321,5 k €311,4 k €270,9 k €251,1 k €238,5 k €235,6 k €
Cash4,4 k €13,5 k €10,6 k €23,8 k €15,3 k €37,6 k €13,2 k €18,4 k €13,3 k €19,6 k €21,8 k €8 k €13,7 k €10 k €18,8 k €9,1 k €1,5 k €1,4 k €3 k €2,4 k €
Debts238 k €256,9 k €179,1 k €151,2 k €99,8 k €144,5 k €173,6 k €169,7 k €181,2 k €173,3 k €181,6 k €204 k €231,6 k €187,7 k €239 k €247,8 k €217,2 k €200,3 k €198,1 k €196,5 k €
Other
Workforce–––––––––0,7 ETP0,7 ETP0,7 ETP0,7 ETP0,6 ETP0,6 ETP1,0 ETP1,0 ETP0,3 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

STAN Optiek Balen

Director · 1015.444.005

Represented by An Theuwis

Active

Ended mandates

STAN Optiek Balen

Director · since 01 novembre 2024 · 1015.444.005

Represented by An Theuwis

Ended
Ronny Berckmans

Director · since 14 mars 2006

Ended
Ronny Berckmans

Manager · since 14 mars 2006

Ended
Marina De Kok

Director · since 27 décembre 2005

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202603/07/202511/06/202413/06/202327/06/202216/06/2021
General meeting08/06/202630/06/202510/06/202412/06/202313/06/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202508/06/202630/06/2026DutchPDF
Micro model31/12/202430/06/202503/07/2025DutchPDF
Micro model31/12/202310/06/202411/06/2024DutchPDF
Micro model31/12/202212/06/202313/06/2023DutchPDF
Micro model31/12/202113/06/202227/06/2022DutchPDF
Micro model31/12/202014/06/202116/06/2021DutchPDF
Micro model31/12/201908/06/202009/06/2020DutchPDF
Micro model31/12/201819/08/201922/08/2019DutchPDF
Micro model31/12/201725/06/201828/06/2018DutchPDF
Abridged model31/12/201612/06/201713/06/2017DutchPDF
Abridged model31/12/201513/06/201616/06/2016DutchPDF
Abridged model31/12/201408/06/201511/06/2015DutchPDF
Abridged model31/12/201310/06/201413/06/2014DutchPDF
Abridged model31/12/201210/06/201311/06/2013DutchPDF
Abridged model31/12/201111/06/201212/06/2012DutchPDF
Abridged model31/12/201014/06/201116/06/2011DutchPDF
Abridged model31/12/200901/06/201008/06/2010DutchPDF
Abridged model31/12/200829/06/200908/07/2009DutchPDF
Abridged model31/12/200730/06/200819/08/2008DutchPDF
Abridged model31/12/200611/06/200715/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 6 ended

Active mandates

STAN Optiek Balen

Director · 1015.444.005

Represented by An Theuwis

Active

Ended mandates

STAN Optiek Balen

Director · since 01 novembre 2024 · 1015.444.005

Represented by An Theuwis

Ended
Ronny Berckmans

Director · since 14 mars 2006

Ended
Ronny Berckmans

Manager · since 14 mars 2006

Ended
Marina De Kok

Director · since 27 décembre 2005

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/12/2024
    Benoemingen - Ontslagen
    PDF
  • Mandates25/08/2023
    WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office02/03/2012
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates07/04/2006
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates03/04/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/01/2006
    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

Timeline

  1. 2025
    Annual accounts 20251,5 k €↑
  2. 2024
    Annual accounts 2024-7,6 k €↓
  3. 2023
    Annual accounts 20231,6 k €↑
  4. 2022
    Annual accounts 2022218,5 €↓
  5. 2021
    Annual accounts 202126,3 k €↓
  6. 2020
    Annual accounts 202037,8 k €↑
  7. 2019
    Annual accounts 201916,1 k €↑
  8. 2018
    Annual accounts 20189 k €↓
  9. 2017
    Annual accounts 201730,1 k €↑
  10. 2016
    Annual accounts 201614 k €↓
  11. 2015
    Annual accounts 201524,6 k €↑
  12. 2014
    Annual accounts 20149 k €↓
  13. 2013
    Annual accounts 201330,9 k €↑
  14. 2012
    Annual accounts 201222,3 k €↑
  15. 2011
    Annual accounts 201121,1 k €↑
  16. 2010
    Annual accounts 201011,2 k €↑
  17. 2009
    Annual accounts 20099,1 k €↓
  18. 2008
    Annual accounts 200810,5 k €↑
  19. 2007
    Annual accounts 20071,3 k €↑
  20. 2006
    Annual accounts 20061,2 k €
  21. 01/12/1989
    IncorporationPrivate limited company