ACTIVE

MARVINIC

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Financial year 2025 · closed on 31/12/2025

Net result

13,8 k €

-44.1% YoY

Gross margin

71,6 k €

-25.8% YoY

Equity

262,4 k €

-10.0% YoY

What does MARVINIC do?

MARVINIC is a Private limited company incorporated in 1995. Its registered office is in Welkenraedt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.856.754

Incorporation

05/04/1995

Legal form

Private limited company

Registered office

Chemin du Duc 7
4840 Welkenraedt · WallonieSee on map

Contributed capital

30 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	71,6 k €	-25.8%	96,4 k €	-38.6%	156,9 k €	+69.5%	92,6 k €	+51.9%	60,9 k €	+29.1%	47,2 k €	+1.6%	46,5 k €	+51.9%	30,6 k €	-89.9%	302,8 k €	+3.4%	292,9 k €	+1.9%	287,3 k €	+11.4%	257,9 k €	-8.1%	280,6 k €	+1.1%	277,6 k €	+4.1%	266,7 k €	-1.0%	269,4 k €	-16.0%	320,6 k €	+1.5%	316 k €
EBITDA	58,2 k €	-11.9%	66 k €	-55.2%	147,2 k €	+75.9%	83,7 k €	+59.6%	52,4 k €	+34.9%	38,9 k €	-2.4%	39,8 k €	+165%	-61,6 k €	-146%	133,2 k €	+8.1%	123,2 k €	+15.1%	107 k €	+37.3%	77,9 k €	-40.8%	131,6 k €	-7.0%	141,4 k €	+3.6%	136,6 k €	+20.1%	113,7 k €	-25.3%	152,4 k €	-0.4%	152,9 k €
Operating result	20,8 k €	-42.0%	35,8 k €	-70.1%	119,6 k €	+110%	56,8 k €	+131%	24,6 k €	+359%	5,4 k €	+148%	2,2 k €	+103%	-77,7 k €	-191%	85,2 k €	+26.1%	67,6 k €	+36.1%	49,7 k €	-8.8%	54,5 k €	+20.5%	45,2 k €	-42.0%	78 k €	+17.9%	66,2 k €	+47.1%	45 k €	+23.4%	36,5 k €	-50.1%	73,1 k €
Net result	13,8 k €	-44.1%	24,6 k €	-72.0%	87,9 k €	+73.2%	50,8 k €	+126%	22,5 k €	+1089%	1,9 k €	+468%	-514 €	+99.3%	-77,5 k €	-264%	47,3 k €	+18.4%	40 k €	+25.8%	31,8 k €	-7.7%	34,4 k €	+44.1%	23,9 k €	-49.5%	47,3 k €	+30.0%	36,4 k €	+126%	16,1 k €	+3.9%	15,5 k €	-70.2%	51,8 k €
Balance sheet
Equity	262,4 k €	-10.0%	291,6 k €	-1.8%	297 k €	+17.8%	252,1 k €	-8.6%	275,7 k €	-13.8%	319,7 k €	+0.6%	317,8 k €	-22.2%	408,3 k €	-16.2%	487,1 k €	+5.4%	462,1 k €	+7.2%	431 k €	+7.6%	400,7 k €	+3.9%	385,7 k €	+3.9%	371,3 k €	+13.0%	328,7 k €	+10.7%	296,9 k €	+4.0%	285,5 k €	+3.9%	274,8 k €
Total assets	388,6 k €	-9.1%	427,5 k €	-9.6%	472,9 k €	+0.5%	470,7 k €	+3.2%	456,3 k €	-16.9%	548,9 k €	-8.3%	598,4 k €	+22.5%	488,6 k €	-32.4%	723 k €	+4.5%	691,7 k €	-6.3%	738,2 k €	+4.4%	707,3 k €	-5.6%	749 k €	-2.5%	768,3 k €	+0.0%	768,2 k €	-3.8%	798,7 k €	-4.9%	840 k €	+31.0%	641,3 k €
Cash	101,6 k €	-8.0%	110,4 k €	-26.4%	150 k €	+37.6%	109 k €	+219%	34,1 k €	+56.2%	21,8 k €	-46.9%	41,2 k €	-65.9%	120,7 k €	-44.5%	217,4 k €	+156%	84,8 k €	-28.1%	118 k €	+123%	52,8 k €	-15.3%	62,4 k €	+19.1%	52,4 k €	-33.1%	78,4 k €	+12.5%	69,7 k €	-28.9%	98,1 k €	+206%	32 k €
Debts	126,1 k €	-7.1%	135,8 k €	-22.8%	175,9 k €	-19.5%	218,5 k €	+21.1%	180,4 k €	-21.2%	229 k €	-18.4%	280,5 k €	+259%	78,2 k €	-66.2%	231 k €	+3.2%	223,8 k €	-25.5%	300,6 k €	+0.2%	300,1 k €	-15.7%	355,9 k €	-8.6%	389,2 k €	-8.6%	425,7 k €	-13.3%	491,1 k €	-9.5%	542,8 k €	+53.0%	354,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		4,0 ETP	+2.6%	3,9 ETP	0.0%	3,9 ETP	-2.5%	4,0 ETP	+17.6%	3,4 ETP	+3.0%	3,3 ETP	-32.7%	4,9 ETP	-9.3%	5,4 ETP	-3.6%	5,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Philippe DENIS

Director · since 13 décembre 2023

Active

Ended mandates

Philippe DENIS

Manager

Ended

PHILIPPE DENIS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
AL PITZ MG● Active	1014.041.265
ENCLUME PRODUCTION● Active	0677.676.840
L'ENCLUME● Active	1010.916.578

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	28/07/2026	02/06/2025	30/05/2024	28/08/2023	02/07/2022	20/07/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	21/06/2023	30/06/2022	19/07/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/05/2026	28/07/2026	French	PDF
Micro model	31/12/2024	20/05/2025	02/06/2025	French	PDF
Micro model	31/12/2023	21/05/2024	30/05/2024	French	PDF
Micro model	31/12/2022	21/06/2023	28/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	02/07/2022	French	PDF
Micro model	31/12/2020	19/07/2021	20/07/2021	French	PDF
Micro model	31/12/2019	19/05/2020	24/06/2020	French	PDF
Micro model	31/12/2018	21/05/2019	27/05/2019	French	PDF
Micro model	31/12/2017	15/05/2018	08/06/2018	French	PDF
Micro model	31/12/2016	16/05/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	10/07/2015	French	PDF
Abridged model	31/12/2013	20/05/2014	28/06/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	15/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	11/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	18/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	20/06/2009	25/06/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	30/06/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	19/07/2007	French	PDF

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.

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 · 2 ended

Active mandates

Philippe DENIS

Director · since 13 décembre 2023

Active

Ended mandates

Philippe DENIS

Manager

Ended

PHILIPPE DENIS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/02/2018
CAPITAL, ACTIONS
PDF
Mandates26/07/2017
DENOMINATION - OBJET
PDF
Capital / shares15/01/2014
CAPITAL, ACTIONS
PDF
Capital / shares24/12/2003
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202513,8 k €↓
2024
Annual accounts 202424,6 k €↓
2023
Annual accounts 202387,9 k €↑
2022
Annual accounts 202250,8 k €↑
2021
Annual accounts 202122,5 k €↑
2019
Annual accounts 20191,9 k €↑
2018
Annual accounts 2018-514 €↑
2017
Annual accounts 2017-77,5 k €↓
2017
Name changeMARVINIC
2016
Annual accounts 201647,3 k €↑
2015
Annual accounts 201540 k €↑
2014
Annual accounts 201431,8 k €↓
2013
Annual accounts 201334,4 k €↑
2012
Annual accounts 201223,9 k €↓
2011
Annual accounts 201147,3 k €↑
2010
Annual accounts 201036,4 k €↑
2009
Annual accounts 200916,1 k €↑
2008
Annual accounts 200815,5 k €↓
2007
Annual accounts 200751,8 k €
2007
Name changeL'ENCLUME
05/04/1995
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

MARVINIC

Overview

What does MARVINIC do?

Trend over 18 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