ACTIVE

MaRo

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Financial year 2025 · closed on 31/12/2025

Net result

3,7 k €

-65.3% YoY

Gross margin

5,8 k €

-53.8% YoY

Equity

140,9 k €

+2.7% YoY

What does MaRo do?

MaRo is a Public limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.053.756

Incorporation

16/10/2000

Legal form

Public limited company

Registered office

Harensesteenweg 228
1800 Vilvoorde · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

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	5,8 k €	-53.8%	12,7 k €	+47.4%	8,6 k €	-44.8%	15,6 k €	+203%	-15,2 k €	-149%	31,2 k €	-49.8%	62,3 k €	-12.4%	71 k €	+200%	23,7 k €	+242%	6,9 k €	-77.8%	31,2 k €	+11.1%	28,1 k €	-18.0%	34,2 k €	+8.9%	31,4 k €	-26.2%	42,6 k €	+0.4%	42,4 k €	+31.4%	32,3 k €	+82.0%	17,7 k €	-25.7%	23,9 k €	+43.7%	16,6 k €
EBITDA	4,2 k €	-62.1%	11 k €	+57.4%	7 k €	-50.4%	14,1 k €	+185%	-16,6 k €	-163%	26,5 k €	-53.8%	57,4 k €	-13.0%	65,9 k €	+273%	17,7 k €	+107743%	-16,4 €	-100%	29,6 k €	+11.7%	26,5 k €	-19.1%	32,7 k €	+9.9%	29,8 k €	-27.9%	41,3 k €	+0.1%	41,3 k €	+30.5%	31,6 k €	+84.8%	17,1 k €	-26.4%	23,2 k €	+45.3%	16 k €
Operating result	3,4 k €	-68.7%	10,9 k €	+98.8%	5,5 k €	-56.4%	12,6 k €	+155%	-22,8 k €	-212%	20,3 k €	-49.1%	39,9 k €	-17.6%	48,5 k €	+956%	4,6 k €	+174%	-6,2 k €	-133%	18,8 k €	+101%	9,3 k €	-45.1%	17 k €	+20.9%	14,1 k €	-45.1%	25,6 k €	-15.1%	30,2 k €	+11.8%	27 k €	+116%	12,5 k €	-33.0%	18,6 k €	+63.8%	11,4 k €
Net result	3,7 k €	-65.3%	10,7 k €	+49.3%	7,2 k €	-40.8%	12,1 k €	+152%	-23,3 k €	-243%	16,2 k €	-53.2%	34,7 k €	-21.8%	44,4 k €	+1447%	2,9 k €	+142%	-6,8 k €	-150%	13,6 k €	+120%	6,2 k €	-53.9%	13,4 k €	+40.7%	9,5 k €	-49.4%	18,8 k €	-20.5%	23,7 k €	+3.7%	22,8 k €	+64.5%	13,9 k €	-17.6%	16,9 k €	+107%	8,1 k €
Balance sheet
Equity	140,9 k €	+2.7%	137,2 k €	+8.5%	126,5 k €	+6.0%	119,3 k €	+11.3%	107,2 k €	-17.8%	130,4 k €	+14.2%	114,2 k €	+2.2%	111,7 k €	+1.3%	110,3 k €	-0.6%	110,9 k €	-10.4%	123,8 k €	+12.3%	110,2 k €	-37.0%	174,8 k €	+3.5%	168,9 k €	-15.3%	199,4 k €	+10.4%	180,5 k €	+15.1%	156,8 k €	-20.0%	195,9 k €	+7.6%	182 k €	+10.2%	165,2 k €
Total assets	151,3 k €	+8.2%	139,9 k €	+4.5%	133,9 k €	+10.8%	120,8 k €	+5.7%	114,3 k €	-14.2%	133,2 k €	-11.0%	149,6 k €	-15.6%	177,4 k €	+13.7%	156 k €	+28.8%	121,1 k €	-10.7%	135,6 k €	-0.7%	136,6 k €	-24.8%	181,5 k €	-5.4%	192 k €	-11.9%	217,9 k €	+5.7%	206,2 k €	+25.8%	163,9 k €	-17.6%	198,9 k €	+6.6%	186,6 k €	+2.2%	182,6 k €
Cash	–		–		–		–		60,2 k €	-2.9%	62 k €	+75.7%	35,3 k €	-40.6%	59,4 k €	+268%	16,2 k €	+9.9%	14,7 k €	+19.0%	12,4 k €	+100%	6,2 k €	-89.9%	61 k €	+41.1%	43,3 k €	-33.2%	64,8 k €	+33.1%	48,7 k €	-5.5%	51,5 k €	+102%	25,5 k €	+4.8%	24,3 k €	-24.1%	32 k €
Debts	10,3 k €	+289%	2,7 k €	-63.9%	7,4 k €	+390%	1,5 k €	-78.9%	7,1 k €	+159%	2,7 k €	-92.2%	35,2 k €	-46.4%	65,7 k €	+44.3%	45,5 k €	+356%	10 k €	-14.5%	11,7 k €	-55.5%	26,3 k €	+296%	6,6 k €	-71.0%	22,9 k €	+24.9%	18,3 k €	-27.9%	25,4 k €	+260%	7,1 k €	+146%	2,9 k €	-35.9%	4,5 k €	-74.2%	17,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Jeroen BRONSELAER

Director · since 13 mai 2024 · until 13 mai 2030

Active

Wim TACK

Director · since 13 mai 2024 · until 13 mai 2030

Active

Ended mandates

Jeroen BRONSELAER

Director · since 10 mai 2021 · until 13 mai 2024

Ended

Wim TACK

Director · since 10 mai 2021 · until 13 mai 2024

Ended

Jeroen BRONSELAER

Director · since 14 janvier 2021 · until 10 mai 2021

Ended

Wim TACK

Director · since 14 janvier 2021 · until 10 mai 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	18/06/2026	24/06/2025	24/06/2024	02/06/2023	29/06/2022	28/06/2021
General meeting	11/05/2026	12/05/2025	13/05/2024	08/05/2023	27/06/2022	10/05/2021
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
Abridged model	31/12/2025	11/05/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	13/05/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/05/2023	02/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	10/05/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	11/05/2020	28/09/2020	Dutch	PDF
Micro model	31/12/2018	13/05/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	14/05/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	08/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	09/05/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	13/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/05/2011	12/08/2011	Dutch	PDF
Abridged model	31/12/2009	10/05/2010	16/08/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	22/05/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 14 ended

Active mandates

Jeroen BRONSELAER

Director · since 13 mai 2024 · until 13 mai 2030

Active

Wim TACK

Director · since 13 mai 2024 · until 13 mai 2030

Active

Ended mandates

Jeroen BRONSELAER

Director · since 10 mai 2021 · until 13 mai 2024

Ended

Wim TACK

Director · since 10 mai 2021 · until 13 mai 2024

Ended

Jeroen BRONSELAER

Director · since 14 janvier 2021 · until 10 mai 2021

Ended

Wim TACK

Director · since 14 janvier 2021 · until 10 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/06/2026
Benoeming commissaris
PDF
Mandates09/07/2025
Benoeming commissaris '
PDF
Mandates24/09/2024
Herbenoeming bestuurders
PDF
Other05/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2018
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 20253,7 k €↓
2024
Annual accounts 202410,7 k €↑
2023
Annual accounts 20237,2 k €↓
2022
Annual accounts 202212,1 k €↑
2021
Annual accounts 2021-23,3 k €↓
2020
Annual accounts 202016,2 k €↓
2019
Annual accounts 201934,7 k €↓
2018
Annual accounts 201844,4 k €↑
2017
Annual accounts 20172,9 k €↑
2016
Annual accounts 2016-6,8 k €↓
2015
Annual accounts 201513,6 k €↑
2014
Annual accounts 20146,2 k €↓
2013
Annual accounts 201313,4 k €↑
2012
Annual accounts 20129,5 k €↓
2011
Annual accounts 201118,8 k €↓
2010
Annual accounts 201023,7 k €↑
2009
Annual accounts 200922,8 k €↑
2008
Annual accounts 200813,9 k €↓
2007
Annual accounts 200716,9 k €↑
2006
Annual accounts 20068,1 k €
16/10/2000
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

MaRo

Overview

What does MaRo do?

Trend over 20 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