ACTIVE

Marlinspike

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Financial year 2024 · closed on 31/12/2024

Net result

2,4 M €

+12.1% YoY

Gross margin

2,9 M €

+10.1% YoY

Equity

21,3 M €

+7.1% YoY

What does Marlinspike do?

Marlinspike is a Private limited company incorporated in 2001. Its main activity is: Legal activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.582.981

Incorporation

06/09/2001

Legal form

Private limited company

Registered office

Avenue Louise 480 box 2
1050 Ixelles · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Activities (NACE)

69101Legal activities· main 69101Legal activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,9 M €	+10.1%	2,6 M €	-40.4%	4,4 M €	+143%	1,8 M €	-39.0%	3 M €	-14.9%	3,5 M €	-22.6%	4,6 M €	+1993%	217,4 k €	-94.2%	3,8 M €	+32.3%	2,9 M €	+53.0%	1,9 M €	+26.8%	1,5 M €	+516%	238,6 k €	-63.7%	657,7 k €	-13.8%	762,7 k €	+38.6%	550,3 k €	-21.9%	704,8 k €	-25.7%	948,5 k €	-34.9%	1,5 M €
EBITDA	2,9 M €	+9.5%	2,6 M €	-40.4%	4,4 M €	+145%	1,8 M €	-39.6%	3 M €	-14.9%	3,5 M €	-22.6%	4,5 M €	+2001%	216,5 k €	-94.3%	3,8 M €	+32.6%	2,8 M €	+55.2%	1,8 M €	+23.1%	1,5 M €	+653%	197,8 k €	-68.1%	619,8 k €	-14.8%	727,8 k €	+40.7%	517,2 k €	-22.0%	663,4 k €	-27.9%	920,4 k €	-36.0%	1,4 M €
Operating result	2,8 M €	+9.2%	2,6 M €	-40.6%	4,4 M €	+146%	1,8 M €	-40.6%	3 M €	-14.9%	3,5 M €	-22.6%	4,5 M €	+2068%	209,5 k €	-94.4%	3,8 M €	+34.0%	2,8 M €	+56.8%	1,8 M €	+22.7%	1,5 M €	+719%	178,3 k €	-69.6%	587,5 k €	-15.6%	696,4 k €	+43.3%	485,9 k €	-23.0%	630,9 k €	-27.5%	870,1 k €	-38.2%	1,4 M €
Net result	2,4 M €	+12.1%	2,2 M €	-14.7%	2,5 M €	+85.7%	1,4 M €	-31.3%	2 M €	-13.9%	2,3 M €	-23.9%	3 M €	+1876%	153,4 k €	-93.3%	2,3 M €	+27.3%	1,8 M €	+58.7%	1,1 M €	+18.7%	953 k €	+317%	228,3 k €	-47.4%	434 k €	-20.0%	542,3 k €	+57.8%	343,7 k €	-24.4%	454,9 k €	-22.9%	590,3 k €	-37.6%	946,6 k €
Balance sheet
Equity	21,3 M €	+7.1%	19,9 M €	+12.1%	17,8 M €	+16.6%	15,2 M €	+9.8%	13,9 M €	+16.7%	11,9 M €	+1.2%	11,7 M €	+34.7%	8,7 M €	+1.8%	8,6 M €	+36.4%	6,3 M €	+40.0%	4,5 M €	+275%	1,2 M €	-54.7%	2,6 M €	+9.6%	2,4 M €	+21.9%	2 M €	+30.9%	1,5 M €	+29.4%	1,2 M €	+63.7%	714 k €	+442%	131,7 k €
Total assets	21,7 M €	+7.4%	20,2 M €	+12.0%	18 M €	+16.7%	15,5 M €	+10.1%	14 M €	-2.1%	14,3 M €	+19.3%	12 M €	+34.9%	8,9 M €	-14.0%	10,4 M €	+31.5%	7,9 M €	+54.7%	5,1 M €	+25.9%	4 M €	+32.1%	3,1 M €	+9.0%	2,8 M €	+8.8%	2,6 M €	+46.4%	1,8 M €	+26.8%	1,4 M €	+53.6%	906,8 k €	-25.1%	1,2 M €
Cash	1,2 M €	-42.6%	2,1 M €	-59.1%	5,2 M €	-0.7%	5,2 M €	+17.1%	4,5 M €	-21.2%	5,7 M €	+43.4%	4 M €	+273%	1,1 M €	-75.7%	4,4 M €	+185%	1,5 M €	+63.3%	938,5 k €	+42.2%	660,1 k €	+223%	204,5 k €	-42.4%	355,2 k €	+138%	149,5 k €	+50.5%	99,4 k €	+326%	23,3 k €	-53.3%	49,9 k €	+143%	20,5 k €
Debts	94,5 k €	+51.4%	62,5 k €	+185%	21,9 k €	+17.6%	18,6 k €	-49.7%	37 k €	-98.4%	2,3 M €	+1904%	112,8 k €	+131%	48,8 k €	-97.0%	1,6 M €	+8.0%	1,5 M €	+190%	511,5 k €	-79.9%	2,5 M €	+3045%	80,8 k €	-12.9%	92,8 k €	-72.0%	331,5 k €	+3494%	9,2 k €	+1726%	505 €	-93.0%	7,2 k €	-99.2%	912,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

Albert Jan van den Berg

Director · since 05 septembre 2001

Active

Ended mandates

Albert Jan VAN DEN BERG

Manager · since 05 septembre 2011

Ended

Albert Jan van den Berg

Manager · since 18 septembre 2001

Ended

Albert Jan van den Berg

Manager · since 05 septembre 2001

Ended

ALBERT JAN VAN DEN BERG

Manager

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	28/10/2024	31/10/2023	31/08/2022	31/10/2021	31/10/2020
General meeting	30/08/2025	30/09/2024	29/09/2023	03/06/2022	04/06/2021	07/08/2020
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	31/12/2024	30/08/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	30/09/2024	28/10/2024	Dutch	PDF
Abridged model	31/12/2022	29/09/2023	31/10/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	31/10/2021	Dutch	PDF
Abridged model	31/12/2019	07/08/2020	31/10/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	23/06/2020	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	30/11/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	06/06/2014	19/11/2014	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	01/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	28/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2024 · 1 active · 4 ended

Active mandates

Albert Jan van den Berg

Director · since 05 septembre 2001

Active

Ended mandates

Albert Jan VAN DEN BERG

Manager · since 05 septembre 2011

Ended

Albert Jan van den Berg

Manager · since 18 septembre 2001

Ended

Albert Jan van den Berg

Manager · since 05 septembre 2001

Ended

ALBERT JAN VAN DEN BERG

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office03/08/2026
MAATSCHAPPELIJKE ZETEL
PDF
Other15/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DIVERSEN
PDF
Mandates30/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares24/04/2014
KAPITAAL - AANDELEN
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

2024
Annual accounts 20242,4 M €↑
2024
Name changeVDB-Arbitration
2023
Annual accounts 20232,2 M €↓
2022
Annual accounts 20222,5 M €↑
2021
Annual accounts 20211,4 M €↓
2021
Name changeAlbert Jan van den Berg
2020
Annual accounts 20202 M €↓
2019
Annual accounts 20192,3 M €↓
2018
Annual accounts 20183 M €↑
2017
Annual accounts 2017153,4 k €↓
2016
Annual accounts 20162,3 M €↑
2015
Annual accounts 20151,8 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013953 k €↑
2012
Annual accounts 2012228,3 k €↓
2011
Annual accounts 2011434 k €↓
2010
Annual accounts 2010542,3 k €↑
2009
Annual accounts 2009343,7 k €↓
2008
Annual accounts 2008454,9 k €↓
2007
Annual accounts 2007590,3 k €↓
2006
Annual accounts 2006946,6 k €
06/09/2001
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

Marlinspike

Overview

What does Marlinspike 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