ACTIVE

MAREL

Financial year 2025 · closed on 31/12/2025
Net result
542,9 k €
-1.4% YoY
Gross margin
2,4 M €
+11.3% YoY
Equity
1,2 M €
+72.8% YoY
Workforce
17,2 ETP
+14.7% YoY

What does MAREL do?

MAREL is a Public limited company incorporated in 1999. Its registered office is in Roeselare. It employs on average 17,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0466.459.637
Incorporation
09/07/1999
Legal form
Public limited company
Registered office
Izegemsestraat 52A
8800 Roeselare · FlandreSee on map
Contributed capital
327 798,74 €
Latest accounts
31/12/2025
Average workforce
17,2 ETP
Joint committees (3)
  • 200
  • 336
  • 3360
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin2,4 M €2,1 M €2,6 M €1,9 M €1,9 M €2 M €2,1 M €2,2 M €1,5 M €1,5 M €1,6 M €1,7 M €1,6 M €1,2 M €1,1 M €1,2 M €890,3 k €848,3 k €1,3 M €
EBITDA849,6 k €756,3 k €977,6 k €758,4 k €849,7 k €954,7 k €993,7 k €1,1 M €426,3 k €484,3 k €676,8 k €679,2 k €665,1 k €344,9 k €383,3 k €481,3 k €316,9 k €323,4 k €506,2 k €
Operating result716,2 k €644 k €925 k €741,9 k €887 k €840,6 k €968,9 k €1,1 M €280,3 k €227 k €334,6 k €269 k €99,2 k €104,4 k €119,1 k €320,2 k €98,3 k €140,2 k €259,8 k €
Net result542,9 k €550,4 k €714,2 k €539,6 k €655,7 k €560,6 k €671,8 k €1,1 M €162 k €136,3 k €272,1 k €102,1 k €13,9 k €34,9 k €15,6 k €170,8 k €101,1 k €50,4 k €133,7 k €
Balance sheet
Equity1,2 M €693,6 k €446,2 k €419,6 k €461,5 k €491,8 k €491,2 k €491,2 k €1,1 M €1 M €897,7 k €1,4 M €1,3 M €659,6 k €624,7 k €609,1 k €608,3 k €509,5 k €459,1 k €
Total assets2,1 M €1,5 M €1,6 M €1,5 M €1,8 M €1,9 M €1,8 M €2,2 M €2,6 M €2,7 M €5,2 M €5,7 M €5,2 M €3,3 M €3,3 M €3,4 M €2,2 M €1,6 M €1,8 M €
Cash70 k €169,4 k €173,5 k €599,5 k €896,3 k €871,8 k €817,6 k €510,4 k €573 k €394,1 k €172,3 k €211,9 k €180,3 k €494,7 k €296,6 k €165,9 k €140,5 k €194 k €171,2 k €
Debts853 k €798 k €1,2 M €1,1 M €1,3 M €1,4 M €1,3 M €1,7 M €1,5 M €1,7 M €4,3 M €4,3 M €3,9 M €2,6 M €2,6 M €2,8 M €1,6 M €1,1 M €1,4 M €
Other
Workforce17,2 ETP15,0 ETP15,1 ETP14,8 ETP14,3 ETP14,5 ETP16,2 ETP16,8 ETP17,6 ETP16,7 ETP16,5 ETP17,5 ETP16,7 ETP16,6 ETP14,7 ETP14,1 ETP12,7 ETP12,2 ETP15,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

PIA Group BeLux

Managing director · since 16 mai 2025 · until 27 juin 2031 · 0718.884.618

Represented by Steven Brouckaert

Active
WALCARIUS ISABEL

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0645.509.066

Represented by Isabel WALCARIUS

Active

Ended mandates

PIA Group BeLux

Managing director · since 13 mars 2025 · until 27 juin 2031 · 0718.884.618

Represented by Steven BROUCKAERT

Ended
LAMMAT

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0829.878.649

Represented by Mathieu Lambrecht

Ended
WALCARIUS ISABEL

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0645.509.066

Represented by Isabel Walcarius

Ended
Walcarius Isabel Comm.V

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0834.650.554

Represented by Isabel Walcarius

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/10/202201/10/202101/10/202001/10/2019
Closing of the financial year31/12/202531/12/202431/12/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months15 months12 months12 months12 months
Filing date13/07/202614/07/202516/07/202424/04/202328/04/202209/04/2021
General meeting26/06/202630/06/202528/06/202431/03/202330/03/202210/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202613/07/2026DutchPDF
Abridged model31/12/202430/06/202514/07/2025DutchPDF
Abridged model31/12/202328/06/202416/07/2024DutchPDF
Abridged model30/09/202231/03/202324/04/2023DutchPDF
Abridged model30/09/202130/03/202228/04/2022DutchPDF
Abridged model30/09/202010/03/202109/04/2021DutchPDF
Abridged model30/09/201921/02/202011/03/2020DutchPDF
Abridged model30/09/201810/03/201930/04/2019DutchPDF
Abridged model30/09/201730/03/201825/04/2018DutchPDF
Abridged model30/09/201631/03/201705/04/2017DutchPDF
Abridged model30/09/201515/04/201623/08/2016DutchPDF
Abridged model30/09/201427/03/201504/05/2015DutchPDF
Abridged model30/09/201328/03/201422/05/2014DutchPDF
Abridged model30/09/201230/03/201331/05/2013DutchPDF
Abridged model30/09/201130/03/201230/04/2012DutchPDF
Abridged model30/09/201031/03/201129/04/2011DutchPDF
Abridged model30/09/200926/03/201030/03/2010DutchPDF
Abridged model30/09/200827/03/200931/03/2009DutchPDF
Abridged model30/09/200731/03/200809/05/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 2 active · 23 ended

Active mandates

PIA Group BeLux

Managing director · since 16 mai 2025 · until 27 juin 2031 · 0718.884.618

Represented by Steven Brouckaert

Active
WALCARIUS ISABEL

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0645.509.066

Represented by Isabel WALCARIUS

Active

Ended mandates

PIA Group BeLux

Managing director · since 13 mars 2025 · until 27 juin 2031 · 0718.884.618

Represented by Steven BROUCKAERT

Ended
LAMMAT

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0829.878.649

Represented by Mathieu Lambrecht

Ended
WALCARIUS ISABEL

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0645.509.066

Represented by Isabel Walcarius

Ended
Walcarius Isabel Comm.V

Managing director · since 14 décembre 2021 · until 19 février 2027 · 0834.650.554

Represented by Isabel Walcarius

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other11/05/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates30/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/10/2023
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates03/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/06/2019
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025542,9 k €
  2. 2024
    Annual accounts 2024550,4 k €
  3. 2023
    Annual accounts 2023714,2 k €
  4. 2022
    Annual accounts 2022539,6 k €
  5. 2021
    Annual accounts 2021655,7 k €
  6. 2020
    Annual accounts 2020560,6 k €
  7. 2019
    Annual accounts 2019671,8 k €
  8. 2018
    Annual accounts 20181,1 M €
  9. 2017
    Annual accounts 2017162 k €
  10. 2016
    Annual accounts 2016136,3 k €
  11. 2015
    Annual accounts 2015272,1 k €
  12. 2014
    Annual accounts 2014102,1 k €
  13. 2013
    Annual accounts 201313,9 k €
  14. 2012
    Annual accounts 201234,9 k €
  15. 2011
    Annual accounts 201115,6 k €
  16. 2010
    Annual accounts 2010170,8 k €
  17. 2009
    Annual accounts 2009101,1 k €
  18. 2008
    Annual accounts 200850,4 k €
  19. 2007
    Annual accounts 2007133,7 k €
  20. 09/07/1999
    IncorporationPublic limited company