ACTIVE

MARGE 12

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Financial year 2025 · closed on 31/12/2025

Net result

-48,5 k €

+2.1% YoY

Revenue

84,3 k €

Equity

-43,8 k €

-1039.2% YoY

What does MARGE 12 do?

MARGE 12 is a Public limited company incorporated in 2000. Its registered office is in Niel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.194.236

Incorporation

28/01/2000

Legal form

Public limited company

Registered office

Antwerpsestraat 117
2845 Niel · FlandreSee on map

Contributed capital

66 500,00 €

Latest accounts

31/12/2025

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	84,3 k €		–		–		58,2 k €	+14.8%	50,7 k €	+33.7%	37,9 k €	-15.0%	44,6 k €	+13.0%	39,5 k €	+10.1%	35,9 k €	+33.4%	26,9 k €	-19.0%	33,2 k €	-18.6%	40,8 k €	+0.9%	40,4 k €	+14.7%	35,3 k €	+3.3%	34,1 k €	-12.3%	38,9 k €	-4.2%	40,6 k €	+14.0%	35,6 k €	-0.4%	35,8 k €
EBITDA	-23,4 k €	+3.0%	-24,2 k €	-108%	-11,6 k €	+70.8%	-39,8 k €	-205%	37,8 k €	+81.7%	20,8 k €	-31.0%	30,2 k €	+43.5%	21 k €	-21.7%	26,9 k €	+151%	10,7 k €	-56.0%	24,3 k €	-30.7%	35,1 k €	-1.2%	35,5 k €	+21.4%	29,3 k €	-3.4%	30,3 k €	-1.0%	30,6 k €	-17.5%	37,1 k €	+20.9%	30,7 k €	+0.5%	30,5 k €
Operating result	-48,3 k €	+2.2%	-49,4 k €	-35.4%	-36,5 k €	+43.9%	-65 k €	-617%	12,6 k €	+23.8%	10,2 k €	-47.9%	19,5 k €	+81.7%	10,7 k €	-35.2%	16,6 k €	+3963%	408 €	-97.1%	14 k €	-43.5%	24,8 k €	-1.8%	25,2 k €	+33.0%	19 k €	-4.0%	19,8 k €	-1.5%	20,1 k €	-24.4%	26,6 k €	+31.7%	20,2 k €	+0.7%	20 k €
Net result	-48,5 k €	+2.1%	-49,5 k €	-35.4%	-36,6 k €	+44.1%	-65,4 k €	-828%	9 k €	+40.2%	6,4 k €	-53.9%	13,9 k €	+117%	6,4 k €	-41.7%	11 k €	+378%	-3,9 k €	-158%	6,8 k €	-35.5%	10,6 k €	-28.3%	14,8 k €	+49.9%	9,9 k €	+8.0%	9,1 k €	+34.3%	6,8 k €	-32.8%	10,1 k €	+134%	4,3 k €	+9.3%	4 k €
Balance sheet
Equity	-43,8 k €	-1039%	4,7 k €	-91.4%	54,2 k €	-40.3%	90,7 k €	-41.9%	156,1 k €	+6.1%	147,1 k €	+4.6%	140,7 k €	+19.6%	117,6 k €	+10.2%	106,8 k €	+11.5%	95,8 k €	-4.0%	99,7 k €	+7.4%	92,9 k €	+12.9%	82,3 k €	+21.9%	67,5 k €	+17.1%	57,6 k €	+18.9%	48,5 k €	+16.3%	41,7 k €	+32.1%	31,5 k €	+15.9%	27,2 k €
Total assets	412,5 k €	-6.2%	439,7 k €	-4.7%	461,5 k €	-3.4%	477,5 k €	-1.2%	483,5 k €	+139%	202,1 k €	-7.9%	219,5 k €	-8.5%	239,9 k €	-5.1%	252,7 k €	-4.1%	263,4 k €	-1.8%	268,2 k €	-3.9%	279 k €	-5.1%	293,9 k €	-8.4%	320,9 k €	-12.3%	366 k €	-7.1%	393,8 k €	-2.6%	404,3 k €	+1.7%	397,5 k €	-6.1%	423,2 k €
Cash	2,8 k €	-68.5%	9 k €	+713%	1,1 k €	-55.3%	2,5 k €	-62.0%	6,5 k €	+66.6%	3,9 k €	+227%	1,2 k €	-53.2%	2,6 k €	+583%	374,6 €	+312%	91 €	+2933%	3 €	-99.3%	457 €	-23.5%	597,3 €	-35.2%	922,1 €	+131%	399,3 €	+21602%	1,8 €	-99.7%	590,2 €	-10.7%	660,8 €	+28.0%	516,1 €
Debts	456,3 k €	+4.9%	435 k €	+6.8%	407,3 k €	+5.3%	386,8 k €	+18.2%	327,4 k €	+495%	55 k €	-30.2%	78,8 k €	-35.6%	122,3 k €	-16.2%	145,9 k €	-13.0%	167,7 k €	-0.5%	168,5 k €	-9.4%	186,1 k €	-11.5%	210,2 k €	-16.9%	253 k €	-18.0%	308,4 k €	-10.7%	345,3 k €	-4.8%	362,6 k €	-0.9%	365,9 k €	-7.6%	396 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Gert Verelst

Mandate

Active

Peter Verelst

Mandate

Active

Tim Verelst

Mandate

Active

Ended mandates

Bart Verelst

Director · since 11 février 2012 · until 04 juin 2018

Ended

Karel Verelst

Director · since 11 février 2012 · until 04 juin 2018

Ended

Peter Verelst

Managing director · since 11 février 2012 · until 04 juin 2018

Ended

Bart Verelst

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Bermaco Projects● Active	0820.820.532
Peter Verelst● Active	0462.841.636
TIGER● Active	0772.501.862

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full 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	26/06/2026	27/06/2025	24/06/2024	21/06/2023	28/07/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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
Full model	31/12/2025	01/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	01/09/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/07/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	03/07/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	29/07/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 3 active · 8 ended

Active mandates

Gert Verelst

Mandate

Active

Peter Verelst

Mandate

Active

Tim Verelst

Mandate

Active

Ended mandates

Bart Verelst

Director · since 11 février 2012 · until 04 juin 2018

Ended

Karel Verelst

Director · since 11 février 2012 · until 04 juin 2018

Ended

Peter Verelst

Managing director · since 11 février 2012 · until 04 juin 2018

Ended

Bart Verelst

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office12/05/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other04/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2013
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

2025
Annual accounts 2025-48,5 k €↑
2024
Annual accounts 2024-49,5 k €↓
2023
Annual accounts 2023-36,6 k €↑
2022
Annual accounts 2022-65,4 k €↓
2021
Annual accounts 20219 k €↑
2020
Annual accounts 20206,4 k €↓
2019
Annual accounts 201913,9 k €↑
2017
Annual accounts 20176,4 k €↓
2016
Annual accounts 201611 k €↑
2015
Annual accounts 2015-3,9 k €↓
2014
Annual accounts 20146,8 k €↓
2013
Annual accounts 201310,6 k €↓
2012
Annual accounts 201214,8 k €↑
2011
Annual accounts 20119,9 k €↑
2010
Annual accounts 20109,1 k €↑
2009
Annual accounts 20096,8 k €↓
2008
Annual accounts 200810,1 k €↑
2007
Annual accounts 20074,3 k €↑
2006
Annual accounts 20064 k €
28/01/2000
IncorporationPublic 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

MARGE 12

Overview

What does MARGE 12 do?

Trend over 19 financial years

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