ACTIVE

MARDES

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Financial year 2025 · closed on 30/06/2025

Net result

6,5 k €

-83.2% YoY

Gross margin

187,3 k €

+179.3% YoY

Equity

2,4 M €

+0.3% YoY

Workforce

1,0 ETP

What does MARDES do?

MARDES is a Private limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Harelbeke. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.033.073

Incorporation

29/09/1993

Legal form

Private limited company

Registered office

Blokkestraat 12
8530 Harelbeke · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	187,3 k €	+179%	67,1 k €	-34.6%	102,6 k €	+14.6%	89,5 k €	+4.6%	85,6 k €	-36.4%	134,5 k €	+1747%	7,3 k €	-94.6%	133,9 k €	-21.0%	169,6 k €	+26.7%	133,9 k €	+14.2%	117,2 k €	-26.5%	159,4 k €	+551%	24,5 k €	-71.2%	84,9 k €	+7.0%	79,4 k €	-0.6%	79,8 k €	-61.7%	208,5 k €	+57.5%	132,4 k €	-33.5%	199 k €
EBITDA	47,5 k €	-28.0%	66 k €	-35.1%	101,6 k €	+18.4%	85,8 k €	+3.1%	83,3 k €	-37.6%	133,4 k €	+2446%	5,2 k €	-96.0%	130,8 k €	-21.4%	166,5 k €	+27.3%	130,8 k €	+14.6%	114,1 k €	-27.9%	158,3 k €	+707%	19,6 k €	-75.3%	79,4 k €	+15.3%	68,9 k €	+9.5%	62,9 k €	-42.6%	109,7 k €	-4.1%	114,4 k €	+23.6%	92,6 k €
Operating result	47,5 k €	-28.0%	66 k €	-34.5%	100,8 k €	+62.8%	61,9 k €	+392%	12,6 k €	-79.7%	61,9 k €	+185%	-72,6 k €	-243%	50,9 k €	-43.1%	89,5 k €	+12.9%	79,3 k €	+14.4%	69,3 k €	-41.7%	118,9 k €	+484%	-31 k €	-210%	28,1 k €	+74.8%	16,1 k €	+53.6%	10,5 k €	-86.5%	77,3 k €	-11.5%	87,3 k €	+33.4%	65,5 k €
Net result	6,5 k €	-83.2%	38,4 k €	-50.5%	77,7 k €	+97.2%	39,4 k €	+488%	-10,2 k €	-142%	24,3 k €	+119%	-125 k €	-5165%	2,5 k €	-88.0%	20,6 k €	-97.9%	995,8 k €	+10078%	9,8 k €	-78.6%	45,7 k €	+202%	-44,9 k €	-448%	12,9 k €	+388%	-4,5 k €	+60.8%	-11,4 k €	-129%	39,3 k €	-4.7%	41,2 k €	+105%	20,1 k €
Balance sheet
Equity	2,4 M €	+0.3%	2,3 M €	+1.7%	2,3 M €	+3.5%	2,2 M €	+1.8%	2,2 M €	-0.5%	2,2 M €	+1.1%	2,2 M €	-5.4%	2,3 M €	+0.1%	2,3 M €	+0.9%	2,3 M €	+77.4%	1,3 M €	+0.8%	1,3 M €	+3.7%	1,2 M €	-38.6%	2 M €	+0.6%	2 M €	-0.2%	2 M €	-0.6%	2 M €	+2.0%	2 M €	+2.1%	1,9 M €
Total assets	3,2 M €	+3.0%	3,1 M €	-1.8%	3,1 M €	+0.7%	3,1 M €	+1.7%	3 M €	-1.7%	3,1 M €	-1.5%	3,1 M €	-4.9%	3,3 M €	-16.1%	3,9 M €	+4.4%	3,8 M €	+37.2%	2,8 M €	-0.6%	2,8 M €	-0.1%	2,8 M €	-2.7%	2,8 M €	-4.0%	3 M €	-5.3%	3,1 M €	+8.6%	2,9 M €	-2.9%	3 M €	-4.7%	3,1 M €
Cash	70,6 k €	-66.5%	211 k €	-26.6%	287,3 k €	-57.2%	671,7 k €	+39.8%	480,3 k €	+3.5%	463,8 k €	-13.1%	533,6 k €	-11.9%	605,6 k €	-52.5%	1,3 M €	+4.3%	1,2 M €	+7278%	16,6 k €	-5.4%	17,5 k €	+1416%	1,2 k €	-75.6%	4,7 k €	-49.9%	9,4 k €	+630%	1,3 k €	-89.7%	12,5 k €	-58.1%	29,9 k €	+316%	7,2 k €
Debts	667,5 k €	+15.4%	578,3 k €	-15.5%	684,2 k €	-7.3%	738,3 k €	+1.5%	727,1 k €	-5.7%	770,8 k €	-3.9%	801,7 k €	-4.9%	843,2 k €	-42.7%	1,5 M €	+10.7%	1,3 M €	+1.9%	1,3 M €	-1.3%	1,3 M €	-7.6%	1,4 M €	+95.3%	731,6 k €	-15.3%	863,3 k €	-16.4%	1 M €	+32.4%	779,5 k €	-22.3%	1 M €	-15.7%	1,2 M €
Other
Workforce	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	-73.7%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

FDS CONSULT

Managing director · 0560.691.177

Represented by Frederik Desutter

Active

J.DESUTTER

Managing director · 0649.772.811

Represented by Jan Desutter

Active

Ended mandates

Martine Despriet

Manager · since 09 décembre 2005

Ended

Martine Despriet

Manager

Ended

At this address

Other companies at this address

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2B INVEST● Active	0808.801.044
DESTRANS● Active	0457.669.457
KRANEN DESUTTER● Active	0427.218.682
VILLE DE COURTRAI● Active	0441.083.249

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/02/2026	03/02/2025	06/02/2024	07/02/2023	31/01/2022	04/02/2021
General meeting	28/12/2025	29/12/2024	04/12/2023	04/12/2022	05/12/2021	04/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	28/12/2025	12/02/2026	Dutch	PDF
Abridged model	30/06/2024	29/12/2024	03/02/2025	Dutch	PDF
Abridged model	30/06/2023	04/12/2023	06/02/2024	Dutch	PDF
Abridged model	30/06/2022	04/12/2022	07/02/2023	Dutch	PDF
Abridged model	30/06/2021	05/12/2021	31/01/2022	Dutch	PDF
Abridged model	30/06/2020	04/12/2020	04/02/2021	Dutch	PDF
Abridged model	30/06/2019	06/12/2019	04/02/2020	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	08/12/2017	02/02/2018	Dutch	PDF
Abridged model	30/06/2016	09/12/2016	01/02/2017	Dutch	PDF
Abridged model	30/06/2015	11/12/2015	02/02/2016	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	16/02/2015	Dutch	PDF
Abridged model	30/06/2013	13/12/2013	20/02/2014	Dutch	PDF
Abridged model	30/06/2012	14/12/2012	20/02/2013	Dutch	PDF
Abridged model	30/06/2011	09/12/2011	29/02/2012	Dutch	PDF
Abridged model	30/06/2010	10/12/2010	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	11/12/2009	11/02/2010	Dutch	PDF
Abridged model	30/06/2008	12/12/2008	05/02/2009	Dutch	PDF
Abridged model	30/06/2007	14/12/2007	21/02/2008	Dutch	PDF
Abridged model	30/06/2006	08/12/2006	11/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/06/2025 · 2 active · 2 ended

Active mandates

FDS CONSULT

Managing director · 0560.691.177

Represented by Frederik Desutter

Active

J.DESUTTER

Managing director · 0649.772.811

Represented by Jan Desutter

Active

Ended mandates

Martine Despriet

Manager · since 09 décembre 2005

Ended

Martine Despriet

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/04/2025
MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates07/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/05/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/04/2007
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates02/02/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/04/2003
MAATSCHAPPELIJKE ZETEL
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 20256,5 k €↓
2024
Annual accounts 202438,4 k €↓
2023
Annual accounts 202377,7 k €↑
2022
Annual accounts 202239,4 k €↑
2021
Annual accounts 2021-10,2 k €↓
2020
Annual accounts 202024,3 k €↑
2019
Annual accounts 2019-125 k €↓
2018
Annual accounts 20182,5 k €↓
2017
Annual accounts 201720,6 k €↓
2016
Annual accounts 2016995,8 k €↑
2015
Annual accounts 20159,8 k €↓
2014
Annual accounts 201445,7 k €↑
2013
Annual accounts 2013-44,9 k €↓
2012
Annual accounts 201212,9 k €↑
2011
Annual accounts 2011-4,5 k €↑
2010
Annual accounts 2010-11,4 k €↓
2009
Annual accounts 200939,3 k €↓
2008
Annual accounts 200841,2 k €↑
2007
Annual accounts 200720,1 k €
29/09/1993
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

MARDES

Overview

What does MARDES 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