ACTIVE

MARVAN

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Financial year 2025 · closed on 31/12/2025

Net result

189,4 k €

+599.4% YoY

Revenue

14,8 M €

+3.1% YoY

Equity

628 k €

+43.2% YoY

Workforce

28,7 ETP

+4.7% YoY

What does MARVAN do?

MARVAN is a Public limited company incorporated in 1989. Its registered office is in Soumagne. It employs on average 28,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.052.187

Incorporation

17/11/1989

Legal form

Public limited company

Registered office

Avenue de la Résistance 322
4630 Soumagne · WallonieSee on map

Contributed capital

833 703,90 €

Latest accounts

31/12/2025

Average workforce

28,7 ETP

Joint committees (3)

119
202
20201

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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
Revenue	14,8 M €	+3.1%	14,4 M €	+34.5%	10,7 M €	-5.3%	11,3 M €	-6.3%	12 M €	-10.4%	13,4 M €	+9.4%	12,3 M €	-1.3%	12,4 M €	-1.6%	12,6 M €	-4.2%	13,2 M €	+1.0%	13,1 M €	-0.1%	13,1 M €	-5.1%	13,8 M €	+1.5%	13,6 M €	-0.6%	13,6 M €	-0.2%	13,7 M €	+3.4%	13,2 M €	+1.3%	13 M €	-4.2%	13,6 M €	-6.5%	14,6 M €
EBITDA	850,8 k €	+40.1%	607,1 k €	+15991%	-3,8 k €	-107%	57,1 k €	-85.2%	385,6 k €	+93.7%	199,1 k €	-7.0%	214,1 k €	-32.9%	319,1 k €	-22.7%	412,8 k €	+8.6%	380,1 k €	+5.7%	359,5 k €	-18.5%	441,3 k €	-4.4%	461,7 k €	-16.9%	555,4 k €	-2.7%	570,5 k €	+23.1%	463,5 k €	-16.6%	555,6 k €	+52.1%	365,1 k €	-33.7%	551 k €	-16.5%	659,9 k €
Operating result	330,9 k €	+227%	101,2 k €	+124%	-423,6 k €	-127%	-186,4 k €	-203%	181,8 k €	+237%	54 k €	+756%	-8,2 k €	-109%	89 k €	-53.3%	190,6 k €	+23.5%	154,4 k €	+34.6%	114,7 k €	-26.0%	155 k €	-1.4%	157,1 k €	-47.2%	297,8 k €	-3.3%	307,9 k €	+78.1%	172,9 k €	-30.4%	248,5 k €	+1535%	15,2 k €	-91.2%	171,8 k €	-37.8%	276,2 k €
Net result	189,4 k €	+599%	-37,9 k €	+93.0%	-544 k €	-143%	-223,4 k €	-292%	116,2 k €	+106%	56,5 k €	+211%	18,2 k €	-74.3%	70,7 k €	-44.1%	126,5 k €	+51.2%	83,7 k €	+21.9%	68,6 k €	-0.7%	69,1 k €	-12.2%	78,7 k €	-52.0%	163,9 k €	-0.7%	165,1 k €	+166%	62,1 k €	-43.7%	110,3 k €	+197%	-113,8 k €	-451%	32,4 k €	-67.5%	99,7 k €
Balance sheet
Equity	628 k €	+43.2%	438,6 k €	-8.0%	476,5 k €	-53.3%	1 M €	-18.0%	1,2 M €	+10.3%	1,1 M €	+5.3%	1,1 M €	+0.1%	1,1 M €	+0.3%	1,1 M €	+0.6%	1,1 M €	+0.4%	1,1 M €	+0.3%	1,1 M €	+0.4%	1 M €	-3.9%	1,1 M €	-7.3%	1,2 M €	+0.2%	1,2 M €	+5.6%	1,1 M €	+11.0%	1 M €	-10.2%	1,1 M €	-5.7%	1,2 M €
Total assets	9,5 M €	-1.2%	9,6 M €	-0.0%	9,6 M €	-7.8%	10,5 M €	+38.6%	7,5 M €	+80.4%	4,2 M €	-13.0%	4,8 M €	-7.4%	5,2 M €	+3.0%	5 M €	+3.2%	4,9 M €	-5.0%	5,1 M €	-1.2%	5,2 M €	-6.3%	5,6 M €	-3.2%	5,7 M €	+1.7%	5,6 M €	-0.9%	5,7 M €	+3.4%	5,5 M €	+6.9%	5,2 M €	-1.1%	5,2 M €	-3.9%	5,4 M €
Cash	388,5 k €	+24.2%	312,8 k €	-38.1%	505,1 k €	-12.8%	579,5 k €	-38.5%	943 k €	+289%	242,3 k €	-33.5%	364,4 k €	+16.1%	313,9 k €	-2.4%	321,6 k €	-1.9%	327,7 k €	-36.1%	513 k €	+38.1%	371,4 k €	+0.9%	368,1 k €	-28.5%	514,9 k €	+41.7%	363,5 k €	-28.3%	506,9 k €	+41.3%	358,9 k €	+47.3%	243,6 k €	-35.1%	375,6 k €	-31.8%	550,5 k €
Debts	8,9 M €	-3.3%	9,2 M €	+0.4%	9,2 M €	-2.9%	9,4 M €	+49.7%	6,3 M €	+106%	3,1 M €	-18.2%	3,7 M €	-9.3%	4,1 M €	+3.7%	4 M €	+3.9%	3,8 M €	-6.4%	4,1 M €	-1.6%	4,1 M €	-7.9%	4,5 M €	-3.0%	4,6 M €	+4.1%	4,5 M €	-1.2%	4,5 M €	+2.9%	4,4 M €	+5.9%	4,1 M €	+1.5%	4,1 M €	-3.3%	4,2 M €
Other
Workforce	28,7 ETP	+4.7%	27,4 ETP	+1.5%	27,0 ETP	+15.4%	23,4 ETP	+6.4%	22,0 ETP	-7.2%	23,7 ETP	+3.9%	22,8 ETP	+2.2%	22,3 ETP	-3.9%	23,2 ETP	-2.5%	23,8 ETP	-6.3%	25,4 ETP	-9.0%	27,9 ETP	+1.1%	27,6 ETP	+3.8%	26,6 ETP	-2.2%	27,2 ETP	+0.7%	27,0 ETP	+0.4%	26,9 ETP	+2.7%	26,2 ETP	-5.8%	27,8 ETP	-4.8%	29,2 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 · 2 active · 14 ended

Active mandates

Bénédicte Vandamme

Director · since 29 juin 2023 · until 29 juin 2029

Active

Philippe Joseph Vanvinckenroye

Managing director · since 29 juin 2023 · until 29 juin 2029

Active

Ended mandates

Bénédicte Vandamme

Director · since 30 juin 2018 · until 30 juin 2024

Ended

Amaury Vanvinckenroye

Director · since 29 juin 2017 · until 29 juin 2023

Ended

Philippe Joseph Vanvinckenroye

Managing director · since 29 juin 2017 · until 29 juin 2023

Ended

Philippe Vanvinckenroye

Managing director · since 29 juin 2017 · until 29 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
AMAUDIS● Active	0475.405.116
Association des copropriétaires immeuble à Soumagne, Avenue de la Résistance, 322.● Active	0872.367.619
IBA-INVEST● Active	0475.199.931

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	16/07/2026	24/07/2025	30/08/2024	31/08/2023	30/08/2022	06/10/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	30/06/2022	24/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	16/07/2026	French	PDF
Full model	31/12/2024	26/06/2025	24/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	30/08/2024	French	PDF
Full model	31/12/2022	29/06/2023	31/08/2023	French	PDF
Full model	31/12/2021	30/06/2022	30/08/2022	French	PDF
Full modelCorrection	31/12/2020	24/06/2021	06/10/2021	French	PDF
Full model	31/12/2020	24/06/2021	30/08/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	29/10/2020	French	PDF
Full model	31/12/2018	27/06/2019	30/08/2019	French	PDF
Full model	31/12/2017	28/06/2018	31/08/2018	French	PDF
Full model	31/12/2016	29/06/2017	30/08/2017	French	PDF
Full model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Full model	31/12/2014	25/06/2015	28/08/2015	French	PDF
Full model	31/12/2013	26/06/2014	21/08/2014	French	PDF
Full modelCorrection	31/12/2012	27/06/2013	27/09/2013	French	PDF
Full model	31/12/2012	27/06/2013	30/08/2013	French	PDF
Full model	31/12/2011	28/06/2012	30/08/2012	French	PDF
Full model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Full model	31/12/2009	24/06/2010	30/08/2010	French	PDF
Full model	31/12/2008	25/06/2009	28/08/2009	French	PDF
Full model	31/12/2007	26/06/2008	26/08/2008	French	PDF
Full model	31/12/2006	28/06/2007	29/08/2007	French	PDF

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 · 2 active · 14 ended

Active mandates

Bénédicte Vandamme

Director · since 29 juin 2023 · until 29 juin 2029

Active

Philippe Joseph Vanvinckenroye

Managing director · since 29 juin 2023 · until 29 juin 2029

Active

Ended mandates

Bénédicte Vandamme

Director · since 30 juin 2018 · until 30 juin 2024

Ended

Amaury Vanvinckenroye

Director · since 29 juin 2017 · until 29 juin 2023

Ended

Philippe Joseph Vanvinckenroye

Managing director · since 29 juin 2017 · until 29 juin 2023

Ended

Philippe Vanvinckenroye

Managing director · since 29 juin 2017 · until 29 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates04/01/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates18/12/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/01/2014
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/07/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/07/2013
CAPITAL, ACTIONS
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 2025189,4 k €↑
2024
Annual accounts 2024-37,9 k €↑
2023
Annual accounts 2023-544 k €↓
2022
Annual accounts 2022-223,4 k €↓
2021
Annual accounts 2021116,2 k €↑
2020
Annual accounts 202056,5 k €↑
2019
Annual accounts 201918,2 k €↓
2018
Annual accounts 201870,7 k €↓
2017
Annual accounts 2017126,5 k €↑
2016
Annual accounts 201683,7 k €↑
2015
Annual accounts 201568,6 k €↓
2014
Annual accounts 201469,1 k €↓
2013
Annual accounts 201378,7 k €↓
2012
Annual accounts 2012163,9 k €↓
2011
Annual accounts 2011165,1 k €↑
2010
Annual accounts 201062,1 k €↓
2009
Annual accounts 2009110,3 k €↑
2008
Annual accounts 2008-113,8 k €↓
2007
Annual accounts 200732,4 k €↓
2006
Annual accounts 200699,7 k €
17/11/1989
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

MARVAN

Overview

What does MARVAN 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