MAANRO
0439.787.112 · rovalta.com · 23/09/2026
ACTIVE
MAANRO
Financial year 2025 · closed on 31/12/2025
Net result
11,1 k €
+137.1% YoY
Gross margin
178,4 k €
+14.5% YoY
Equity
3,3 M €
+0.3% YoY
Overview
What does MAANRO do?
MAANRO is a Public limited company incorporated in 1989. Its registered office is in Ottignies-Louvain-la-Neuve.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0439.787.112
Incorporation
29/12/1989
Legal form
Public limited company
Registered office
Avenue Provinciale 78
1341 Ottignies-Louvain-la-Neuve · WallonieSee on map
1341 Ottignies-Louvain-la-Neuve · WallonieSee on map
Contributed capital
192 092,02 €
Latest accounts
31/12/2025
Joint committees (2)
- 112
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 178,4 k € | +14.5% | 155,9 k € | +19.4% | 130,5 k € | -3.8% | 135,6 k € | -7.5% | 146,6 k € | +19.3% | 122,9 k € | -9.6% | 135,9 k € | -4.5% | 142,4 k € | +2.7% | 138,6 k € | -11.1% | 156 k € | -33.3% | 234 k € | -57.2% | 547 k € | +30.2% | 420,1 k € | -0.2% | 420,8 k € | -6.8% | 451,3 k € | +48.1% | 304,8 k € | +23.1% | 247,7 k € | +31.6% | 188,1 k € | +45.7% | 129,1 k € |
| EBITDA | 125 k € | -13.5% | 144,5 k € | +32.6% | 109 k € | -5.6% | 115,5 k € | -9.1% | 127,1 k € | +20.8% | 105,2 k € | -8.3% | 114,7 k € | -8.9% | 125,9 k € | +11.7% | 112,7 k € | -18.4% | 138,1 k € | +135% | 58,7 k € | -69.1% | 190 k € | +7.6% | 176,6 k € | +15.8% | 152,5 k € | -37.2% | 242,9 k € | +76.4% | 137,6 k € | +294% | 35 k € | -52.9% | 74,2 k € | +143% | 30,5 k € |
| Operating result | 80,7 k € | +14.3% | 70,6 k € | +108% | 34 k € | -20.8% | 42,9 k € | -6.6% | 45,9 k € | +84.6% | 24,9 k € | +261% | 6,9 k € | -71.0% | 23,7 k € | +66.5% | 14,3 k € | -67.1% | 43,3 k € | +208% | -40 k € | -163% | 63,4 k € | +19.5% | 53,1 k € | +356% | 11,6 k € | -91.4% | 135,8 k € | +134% | 58 k € | +215% | -50,5 k € | -276% | 28,8 k € | +268% | -17,1 k € |
| Net result | 11,1 k € | +137% | -29,9 k € | -274% | 17,1 k € | -93.1% | 247,9 k € | +768% | 28,6 k € | -17.1% | 34,5 k € | +556% | -7,6 k € | -118% | 42,2 k € | +781% | 4,8 k € | -92.6% | 65,1 k € | +182% | -79,3 k € | -476% | 21,1 k € | +119% | 9,6 k € | +141% | -23,6 k € | -131% | 74,9 k € | +182% | 26,6 k € | +201% | -26,2 k € | -189% | 29,3 k € | +320% | 7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 3,3 M € | +0.3% | 3,3 M € | -1.6% | 3,4 M € | +200% | 1,1 M € | +28.2% | 877,5 k € | +3.4% | 848,9 k € | +4.2% | 814,5 k € | -0.9% | 822 k € | +5.4% | 779,8 k € | +0.6% | 775 k € | +209% | 250,6 k € | -24.0% | 330 k € | +6.8% | 308,9 k € | +3.3% | 298,9 k € | +6.0% | 281,9 k € | +36.2% | 207 k € | +14.7% | 180,4 k € | -19.3% | 223,6 k € | +5.8% | 211,4 k € |
| Total assets | 3,6 M € | -1.9% | 3,7 M € | -3.3% | 3,8 M € | +116% | 1,8 M € | +13.0% | 1,6 M € | -6.1% | 1,7 M € | +25.2% | 1,3 M € | -4.4% | 1,4 M € | -3.4% | 1,5 M € | -4.1% | 1,5 M € | +15.8% | 1,3 M € | -3.3% | 1,4 M € | -12.8% | 1,6 M € | -4.5% | 1,6 M € | +2.4% | 1,6 M € | +13.8% | 1,4 M € | +225% | 429,5 k € | -0.8% | 433,2 k € | +1.1% | 428,6 k € |
| Cash | 39,1 k € | -80.8% | 203,8 k € | +9263428% | 2,2 € | -100.0% | 431,3 k € | – | – | 49,1 k € | +242% | 14,4 k € | – | 3,8 k € | -54.3% | 8,3 k € | -48.5% | 16,2 k € | +351% | 3,6 k € | -58.9% | 8,7 k € | -58.9% | 21,3 k € | +4708% | 442,4 € | -97.4% | 16,8 k € | +65.9% | 10,1 k € | +3585% | 275 € | |||||
| Debts | 304,5 k € | -21.0% | 385,6 k € | -15.6% | 456,7 k € | -30.6% | 658 k € | -6.2% | 701,4 k € | -15.7% | 831,9 k € | +57.5% | 528 k € | -9.4% | 583 k € | -13.6% | 674,6 k € | -9.0% | 741,4 k € | -29.8% | 1,1 M € | +17.7% | 897,4 k € | -23.7% | 1,2 M € | -9.2% | 1,3 M € | +2.5% | 1,3 M € | +6.3% | 1,2 M € | +942% | 114 k € | -41.4% | 194,5 k € | -10.5% | 217,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 4,7 ETP | -2.1% | 4,8 ETP | -4.0% | 5,0 ETP | -23.1% | 6,5 ETP | +12.1% | 5,8 ETP | +13.7% | 5,1 ETP | +13.3% | 4,5 ETP | -8.2% | 4,9 ETP | +16.7% | 4,2 ETP | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 7 ended
Active mandates
Anouck SNICKERS
ActiveFrançois SNICKERS
ActiveMarion SNICKERS
ActiveRomane SNICKERS
ActiveEnded mandates
François SNICKERS
EndedAnouck SNICKERS
EndedMarion SNICKERS
EndedFRANCOIS SNICKERS
EndedFinancials
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 | 01/01/2025 | 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 | 27/06/2026 | 08/12/2025 | 03/06/2024 | 12/11/2023 | 25/07/2022 | 07/07/2021 |
| General meeting | 28/05/2026 | 29/05/2025 | 30/05/2024 | 25/05/2023 | 26/05/2022 | 27/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 28/05/2026 | 27/06/2026 | French | |
| Micro model | 31/12/2024 | 29/05/2025 | 08/12/2025 | French | |
| Micro model | 31/12/2023 | 30/05/2024 | 03/06/2024 | French | |
| Micro model | 31/12/2022 | 25/05/2023 | 12/11/2023 | French | |
| Micro model | 31/12/2021 | 26/05/2022 | 25/07/2022 | French | |
| Micro model | 31/12/2020 | 27/05/2021 | 07/07/2021 | French | |
| Micro model | 31/12/2019 | 28/05/2020 | 01/06/2020 | French | |
| Micro model | 31/12/2018 | 30/05/2019 | 19/06/2019 | French | |
| Micro model | 31/12/2017 | 30/06/2018 | 12/10/2018 | French | |
| Micro model | 31/12/2016 | 31/05/2017 | 31/08/2017 | French | |
| Abridged model | 31/12/2015 | 31/05/2016 | 06/06/2016 | French | |
| Abridged model | 31/12/2014 | 30/05/2015 | 23/07/2015 | French | |
| Abridged model | 31/12/2013 | 31/05/2014 | 16/06/2014 | French | |
| Abridged model | 31/12/2012 | 31/05/2013 | 14/06/2013 | French | |
| Abridged model | 31/12/2010 | 24/05/2011 | 27/05/2011 | French | |
| Abridged model | 31/12/2009 | 25/05/2010 | 26/05/2010 | French | |
| Abridged model | 31/12/2008 | 26/05/2009 | 31/08/2009 | French | |
| Abridged model | 31/12/2007 | 27/05/2008 | 11/08/2008 | French | |
| Abridged model | 31/12/2006 | 22/05/2007 | 29/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 7 ended
Active mandates
Anouck SNICKERS
ActiveFrançois SNICKERS
ActiveMarion SNICKERS
ActiveRomane SNICKERS
ActiveEnded mandates
François SNICKERS
EndedAnouck SNICKERS
EndedMarion SNICKERS
EndedFRANCOIS SNICKERS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other27/02/2026DIVERS
- Mandates20/02/2026DEMISSIONS, NOMINATIONS
- Other05/02/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates13/05/2020DEMISSIONS, NOMINATIONS
- Restructuring28/12/2016CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring27/09/2016RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Registered office02/02/2016SIEGE SOCIAL
- Mandates09/01/2014DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202511,1 k €↑
- 2024Annual accounts 2024-29,9 k €↓
- 2023Annual accounts 202317,1 k €↓
- 2022Annual accounts 2022247,9 k €↑
- 2021Annual accounts 202128,6 k €↓
- 2020Annual accounts 202034,5 k €↑
- 2019Annual accounts 2019-7,6 k €↓
- 2018Annual accounts 201842,2 k €↑
- 2017Annual accounts 20174,8 k €↓
- 2016Annual accounts 201665,1 k €↑
- 2015Annual accounts 2015-79,3 k €↓
- 2014Annual accounts 201421,1 k €↑
- 2013Annual accounts 20139,6 k €↑
- 2012Annual accounts 2012-23,6 k €↓
- 2010Annual accounts 201074,9 k €↑
- 2009Annual accounts 200926,6 k €↑
- 2008Annual accounts 2008-26,2 k €↓
- 2007Annual accounts 200729,3 k €↑
- 2006Annual accounts 20067 k €
- 29/12/1989IncorporationPublic limited company