ACTIVE

MAREC

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Financial year 2024 · closed on 31/12/2024
Net result
607,3 k €
+49.3% YoY
Revenue
2,4 M €
+0.7% YoY
Equity
2,2 M €
+34.4% YoY
Workforce
5,2 ETP
-7.1% YoY

What does MAREC do?

MAREC is a Services provider organization, Flemish Region incorporated in 2001. Its main activity is: Operation of sports facilities. Its registered office is in Kinrooi. It employs on average 5,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0475.936.933
Incorporation
24/10/2001
Legal form
Services provider organization, Flemish Region
Registered office
Maasdijk (Oph) 1 box 3
3640 Kinrooi · FlandreSee on map
Contributed capital
375 000,00 €
Latest accounts
31/12/2024
Average workforce
5,2 ETP
Activities (NACE)
93110Operation of sports facilities· main93110Operation of sports facilities93299Other amusement and recreation activities93299Other amusement and recreation activities50300Inland passenger water transport50300Inland passenger water transport+7
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Revenue2,4 M €2,4 M €2,2 M €1,9 M €1,8 M €1,7 M €1,7 M €1,6 M €1,6 M €1,6 M €1,5 M €1,5 M €1,5 M €1,5 M €1,4 M €1,4 M €1,3 M €1,3 M €
EBITDA1,1 M €740,5 k €543,1 k €325,3 k €348,7 k €91,9 k €325 k €299,7 k €244,8 k €438,6 k €306,7 k €301,9 k €307,8 k €144,5 k €264,1 k €228 k €289,6 k €280,7 k €
Operating result756,8 k €388,7 k €164,5 k €-45 k €27,6 k €-160 k €55,1 k €46,7 k €19,2 k €214,4 k €27,8 k €33,7 k €43,2 k €-111,4 k €6,9 k €6,5 k €-6,3 k €-8,9 k €
Net result607,3 k €406,8 k €172,8 k €-64,4 k €22,7 k €-174,6 k €1 k €33,3 k €1,4 k €204,3 k €19,7 k €30,4 k €25,2 k €6,7 k €1,3 k €24,7 k €15,8 k €20,3 k €
Balance sheet
Equity2,2 M €1,7 M €1,3 M €1,1 M €1,1 M €527,4 k €647,4 k €647,6 k €615,5 k €418,6 k €456,5 k €447,5 k €435,1 k €427,8 k €437,8 k €347,9 k €340,4 k €362,7 k €
Total assets5,9 M €5,5 M €5,4 M €5,4 M €5,3 M €2,8 M €1,8 M €1,8 M €1,8 M €1,7 M €1,6 M €1,6 M €1,5 M €1,4 M €1,6 M €1,3 M €1,4 M €1,5 M €
Cash863,3 k €431,3 k €537,1 k €351,3 k €360,2 k €59,6 k €164,2 k €242,5 k €431,7 k €396,5 k €365,3 k €537,7 k €179,7 k €142,3 k €196,1 k €253,4 k €142,8 k €99,8 k €
Debts3,2 M €3,4 M €3,6 M €3,8 M €3,7 M €2,1 M €912,4 k €814,9 k €851,1 k €1,1 M €865,4 k €810,2 k €818,4 k €827 k €941,9 k €731,2 k €793 k €801,8 k €
Other
Workforce5,2 ETP5,6 ETP7,3 ETP7,6 ETP8,4 ETP9,3 ETP9,9 ETP9,2 ETP9,3 ETP8,9 ETP8,9 ETP8,9 ETP7,9 ETP9,6 ETP10,2 ETP10,2 ETP9,4 ETP8,5 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 31/12/2024 · 14 active · 63 ended

Active mandates

André WILLEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Daan WETZELS

Chairman of the board of directors · since 12 mars 2025 · until 12 mars 2031

Active
Esther BRANDS

Director · since 12 mars 2025 · until 12 mars 2031

Active
Hilde VERMEULEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Johan TOLLENAERE

Director · since 12 mars 2025 · until 12 mars 2031

Active
Robert DIRKX

Vice-chairman of the board of directors · since 12 mars 2025 · until 12 mars 2031

Active
Wim SWENNEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Yentl RAEMEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Frank GOOSSENS

Director · since 23 juin 2021 · until 12 mars 2025

Active
Hubert BROUNS

Deskundige · since 19 mars 2019 · until 12 mars 2025

Active
Johanna VEUGELAERS

Director · since 19 mars 2019 · until 12 mars 2025

Active
Maddy PEETERS

Director · since 19 mars 2019 · until 12 mars 2025

Active
Tim VANDEWINKEL

Director · since 19 mars 2019 · until 12 mars 2025

Active
Wilhelmina FRANSSEN

Director · since 19 mars 2019 · until 12 mars 2025

Active

Ended mandates

Frank GOOSSENS

Director · since 23 juin 2021 · until 19 mars 2025

Ended
Hubert BROUNS

Deskundige · since 19 mars 2019 · until 19 mars 2025

Ended
Johan Tollenaere

Vice-chairman of the board of directors · since 19 mars 2019 · until 19 mars 2025

Ended
Johanna VEUGELAERS

Director · since 19 mars 2019 · until 19 mars 2025

Ended
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Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/07/202522/07/202413/07/202308/07/202212/07/202115/07/2020
General meeting25/06/202526/06/202421/06/202322/06/202223/06/202117/06/2020
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
Full model31/12/202425/06/202509/07/2025DutchPDF
Full model31/12/202326/06/202422/07/2024DutchPDF
Full model31/12/202221/06/202313/07/2023DutchPDF
Full model31/12/202122/06/202208/07/2022DutchPDF
Full model31/12/202023/06/202112/07/2021DutchPDF
Full model31/12/201917/06/202015/07/2020DutchPDF
Full model31/12/201826/06/201908/07/2019DutchPDF
Full model31/12/201726/06/201817/07/2018DutchPDF
Full model31/12/201627/06/201704/07/2017DutchPDF
Full model31/12/201521/06/201625/07/2016DutchPDF
Full model31/12/201417/06/201525/06/2015DutchPDF
Full model31/12/201325/06/201426/06/2014DutchPDF
Full model31/12/201225/06/201301/08/2013DutchPDF
Full model31/12/201126/06/201206/07/2012DutchPDF
Full model31/12/201023/06/201108/07/2011DutchPDF
Full model31/12/200924/06/201014/07/2010DutchPDF
Full model31/12/200825/06/200917/07/2009DutchPDF
Full model31/12/200726/06/200818/07/2008DutchPDF
Full model31/12/200627/06/200705/07/2007DutchPDF
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 31/12/2024 · 14 active · 63 ended

Active mandates

André WILLEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Daan WETZELS

Chairman of the board of directors · since 12 mars 2025 · until 12 mars 2031

Active
Esther BRANDS

Director · since 12 mars 2025 · until 12 mars 2031

Active
Hilde VERMEULEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Johan TOLLENAERE

Director · since 12 mars 2025 · until 12 mars 2031

Active
Robert DIRKX

Vice-chairman of the board of directors · since 12 mars 2025 · until 12 mars 2031

Active
Wim SWENNEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Yentl RAEMEN

Director · since 12 mars 2025 · until 12 mars 2031

Active
Frank GOOSSENS

Director · since 23 juin 2021 · until 12 mars 2025

Active
Hubert BROUNS

Deskundige · since 19 mars 2019 · until 12 mars 2025

Active
Johanna VEUGELAERS

Director · since 19 mars 2019 · until 12 mars 2025

Active
Maddy PEETERS

Director · since 19 mars 2019 · until 12 mars 2025

Active
Tim VANDEWINKEL

Director · since 19 mars 2019 · until 12 mars 2025

Active
Wilhelmina FRANSSEN

Director · since 19 mars 2019 · until 12 mars 2025

Active

Ended mandates

Frank GOOSSENS

Director · since 23 juin 2021 · until 19 mars 2025

Ended
Hubert BROUNS

Deskundige · since 19 mars 2019 · until 19 mars 2025

Ended
Johan Tollenaere

Vice-chairman of the board of directors · since 19 mars 2019 · until 19 mars 2025

Ended
Johanna VEUGELAERS

Director · since 19 mars 2019 · until 19 mars 2025

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/05/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/11/2019
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates10/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/04/2019
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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. 2024
    Annual accounts 2024607,3 k €↑
  2. 2023
    Annual accounts 2023406,8 k €↑
  3. 2022
    Annual accounts 2022172,8 k €↑
  4. 2021
    Annual accounts 2021-64,4 k €↓
  5. 2019
    Annual accounts 201922,7 k €↑
  6. 2018
    Annual accounts 2018-174,6 k €↓
  7. 2017
    Annual accounts 20171 k €↓
  8. 2016
    Annual accounts 201633,3 k €↑
  9. 2015
    Annual accounts 20151,4 k €↓
  10. 2014
    Annual accounts 2014204,3 k €↑
  11. 2013
    Annual accounts 201319,7 k €↓
  12. 2012
    Annual accounts 201230,4 k €↑
  13. 2011
    Annual accounts 201125,2 k €↑
  14. 2010
    Annual accounts 20106,7 k €↑
  15. 2009
    Annual accounts 20091,3 k €↓
  16. 2008
    Annual accounts 200824,7 k €↑
  17. 2007
    Annual accounts 200715,8 k €↓
  18. 2006
    Annual accounts 200620,3 k €
  19. 24/10/2001
    IncorporationServices provider organization, Flemish Region