MARMAD
0449.916.187 · rovalta.com · 22/09/2026
ACTIVE
MARMAD
Financial year 2025 · closed on 31/12/2025
Net result
117,9 k €
-53.8% YoY
Gross margin
463,2 k €
+12.5% YoY
Equity
446,5 k €
+35.9% YoY
Workforce
0,0 ETP
Overview
What does MARMAD do?
MARMAD is a Private limited company incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Kortrijk.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.916.187
Incorporation
16/04/1993
Legal form
Private limited company
Registered office
Deken Degryselaan(Kor) 23
8500 Kortrijk · FlandreSee on map
8500 Kortrijk · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 463,2 k € | +12.5% | 411,6 k € | +2.2% | 402,7 k € | +13.8% | 353,8 k € | -1.7% | 360 k € | +167% | 134,7 k € | +44.8% | 93 k € | +28.1% | 72,6 k € | +55.3% | 46,8 k € | -16.9% | 56,3 k € | -55.8% | 127,3 k € | +6.8% | 119,2 k € | -20.8% | 150,5 k € | +58.2% | 95,1 k € | -4.0% | 99,1 k € | -38.0% | 159,9 k € | -3.2% | 165,2 k € | +6.2% | 155,6 k € | +1.9% | 152,7 k € | -1.2% | 154,5 k € |
| EBITDA | 181,1 k € | -49.3% | 357,3 k € | +2.2% | 349,5 k € | +13.4% | 308,2 k € | -0.3% | 309,2 k € | +356% | 67,8 k € | +37.8% | 49,2 k € | +61.7% | 30,5 k € | +560% | 4,6 k € | -69.2% | 15 k € | -82.8% | 87,2 k € | +10.4% | 78,9 k € | -33.9% | 119,5 k € | +84.8% | 64,6 k € | +11.8% | 57,8 k € | -54.5% | 127 k € | -8.0% | 138 k € | +16.2% | 118,8 k € | -12.7% | 136,1 k € | +1.0% | 134,8 k € |
| Operating result | 173,7 k € | -50.9% | 353,7 k € | +2.3% | 345,9 k € | +14.2% | 302,9 k € | -0.1% | 303,2 k € | +389% | 62 k € | +369% | 13,2 k € | +58.8% | 8,3 k € | +146% | -18 k € | -31.8% | -13,6 k € | -122% | 63,2 k € | +949% | 6 k € | -86.0% | 43,1 k € | +541% | -9,8 k € | +42.9% | -17,1 k € | -128% | 61,8 k € | -23.2% | 80,4 k € | +31.0% | 61,4 k € | -22.0% | 78,7 k € | +2.2% | 77 k € |
| Net result | 117,9 k € | -53.8% | 254,9 k € | +1.6% | 250,8 k € | +13.8% | 220,5 k € | -0.1% | 220,6 k € | +425% | 42,1 k € | +334% | 9,7 k € | -30.8% | 14 k € | +513% | -3,4 k € | -129% | 11,6 k € | -82.3% | 65,6 k € | +401% | 13,1 k € | -74.8% | 52 k € | +33.0% | 39,1 k € | -63.0% | 105,6 k € | +88.7% | 55,9 k € | -23.4% | 73,1 k € | +29.7% | 56,3 k € | -14.1% | 65,5 k € | -17.3% | 79,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 446,5 k € | +35.9% | 328,7 k € | +346% | 73,7 k € | +222% | 22,9 k € | +2.1% | 22,4 k € | -86.1% | 161,8 k € | -80.3% | 819,8 k € | +1.2% | 810,1 k € | +1.8% | 796,1 k € | -25.4% | 1,1 M € | +1.1% | 1,1 M € | +6.6% | 989,6 k € | +1.3% | 976,5 k € | +5.6% | 924,5 k € | +4.4% | 885,4 k € | +13.5% | 779,8 k € | +7.7% | 723,9 k € | +11.2% | 650,8 k € | +9.5% | 594,5 k € | +12.4% | 529 k € |
| Total assets | 9,7 M € | +929% | 941,7 k € | +33.3% | 706,6 k € | -23.8% | 926,8 k € | -16.6% | 1,1 M € | +2.6% | 1,1 M € | +28.2% | 844,7 k € | +3.2% | 818,5 k € | -27.4% | 1,1 M € | -6.6% | 1,2 M € | -7.8% | 1,3 M € | +0.3% | 1,3 M € | -5.2% | 1,4 M € | -8.9% | 1,5 M € | -18.6% | 1,9 M € | +2.3% | 1,8 M € | +1.9% | 1,8 M € | -8.7% | 1,9 M € | -5.9% | 2,1 M € | -5.2% | 2,2 M € |
| Cash | 781,6 k € | +42.0% | 550,6 k € | +112% | 259,6 k € | -50.7% | 526,9 k € | +74.9% | 301,3 k € | +11.6% | 270,1 k € | -20.5% | 339,8 k € | +144% | 139 k € | -57.5% | 327,3 k € | +412% | 63,9 k € | -67.7% | 198 k € | -5.5% | 209,7 k € | +57.6% | 133,1 k € | -4.0% | 138,6 k € | -49.0% | 271,8 k € | +96.6% | 138,3 k € | +9384% | 1,5 k € | +104% | 715 € | -81.1% | 3,8 k € | -81.8% | 20,7 k € |
| Debts | 5,1 M € | +738% | 613,1 k € | -3.1% | 632,8 k € | -30.0% | 903,9 k € | -17.0% | 1,1 M € | +18.2% | 921,2 k € | +6216% | 14,6 k € | +72.6% | 8,4 k € | -97.4% | 330,9 k € | +137% | 139,8 k € | -44.7% | 252,9 k € | -19.8% | 315,2 k € | -21.0% | 399,1 k € | -31.9% | 585,8 k € | -39.6% | 969,6 k € | -3.6% | 1 M € | -4.8% | 1,1 M € | -18.6% | 1,3 M € | -12.0% | 1,5 M € | -10.2% | 1,6 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 21 ended
At this address
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|---|---|
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CAVAHOLD GROEP● Active | 0723.868.141 |
FABRICE INTERNATIONAL● Active | 0448.185.134 |
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MAVAN● Active | 0405.298.761 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 31/08/2026 | 19/05/2025 | 24/05/2024 | 22/02/2023 | 20/05/2022 | 21/05/2021 |
| General meeting | 25/04/2026 | 16/05/2025 | 27/04/2024 | 31/01/2023 | 30/04/2022 | 24/04/2021 |
| 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
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 25/04/2026 | 31/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 16/05/2025 | 19/05/2025 | Dutch | |
| Abridged model | 31/12/2023 | 27/04/2024 | 24/05/2024 | Dutch | |
| Abridged model | 31/12/2022 | 31/01/2023 | 22/02/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/04/2022 | 20/05/2022 | Dutch | |
| Abridged model | 31/12/2020 | 24/04/2021 | 21/05/2021 | Dutch | |
| Abridged model | 31/12/2019 | 25/04/2020 | 30/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 27/05/2019 | 13/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 13/06/2018 | 23/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 15/07/2017 | 26/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 09/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 02/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 31/05/2014 | 26/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 27/04/2013 | 24/05/2013 | Dutch | |
| Abridged model | 31/12/2011 | 19/05/2012 | 21/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/06/2011 | 29/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 15/05/2010 | 14/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 25/04/2009 | 25/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 26/04/2008 | 20/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 28/04/2007 | 21/05/2007 | Dutch |
Valuation
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.
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 · 1 active · 21 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates10/12/2024MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Other14/11/2023WIJZIGING RECHTSVORM
- Mandates09/10/2020ONTSLAGEN - BENOEMINGEN
- Other22/01/2018STATUTENWIJZIGING - OMZETTING IN BESLOTEN VENNOOTSCHAP MET :
- Mandates04/12/2017Herbenoeming raad van bestuur
- Mandates11/01/2012ONTSLAGEN - BENOEMINGEN
- Mandates20/06/2005ONTSLAGEN - BENOEMINGEN
- Capital / shares08/10/2003DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 2025117,9 k €↓
- 2024Annual accounts 2024254,9 k €↑
- 2023Annual accounts 2023250,8 k €↑
- 2022Annual accounts 2022220,5 k €↓
- 2021Annual accounts 2021220,6 k €↑
- 2020Annual accounts 202042,1 k €↑
- 2019Annual accounts 20199,7 k €↓
- 2018Annual accounts 201814 k €↑
- 2017Annual accounts 2017-3,4 k €↓
- 2016Annual accounts 201611,6 k €↓
- 2015Annual accounts 201565,6 k €↑
- 2014Annual accounts 201413,1 k €↓
- 2013Annual accounts 201352 k €↑
- 2012Annual accounts 201239,1 k €↓
- 2011Annual accounts 2011105,6 k €↑
- 2010Annual accounts 201055,9 k €↓
- 2009Annual accounts 200973,1 k €↑
- 2008Annual accounts 200856,3 k €↓
- 2007Annual accounts 200765,5 k €↓
- 2006Annual accounts 200679,2 k €
- 16/04/1993IncorporationPrivate limited company