ACTIVE

MARNICK

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Financial year 2025 · closed on 30/09/2025

Net result

35,8 k €

+46.5% YoY

Gross margin

448,5 k €

+20.7% YoY

Equity

160,4 k €

+28.7% YoY

What does MARNICK do?

MARNICK is a Private limited company incorporated in 2001. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Heist-op-den-Berg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.981.572

Incorporation

26/10/2001

Legal form

Private limited company

Registered office

Hulshoutsesteenweg(ITE) 32
2222 Heist-op-den-Berg · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	448,5 k €	+20.7%	371,5 k €	+11.8%	332,3 k €	+17.0%	284,1 k €	+15.6%	245,7 k €	+7.5%	228,4 k €	-0.6%	229,9 k €	+24.4%	184,8 k €	+0.0%	184,7 k €	+10.5%	167,1 k €	+83.7%	91 k €	+14.0%	79,8 k €	-16.3%	95,3 k €	-16.8%	114,5 k €	+14.9%	99,7 k €	-3.6%	103,4 k €	+59.3%	64,9 k €	-8.6%	71,1 k €	+13.4%	62,7 k €
EBITDA	129,2 k €	+24.4%	103,8 k €	-15.8%	123,4 k €	-1.6%	125,4 k €	+45.1%	86,4 k €	-17.7%	105 k €	+87.6%	56 k €	-4.5%	58,6 k €	-15.5%	69,3 k €	-0.1%	69,4 k €	+127%	30,5 k €	+27.5%	24 k €	-39.9%	39,9 k €	-32.9%	59,5 k €	+35.6%	43,9 k €	-22.2%	56,4 k €	+245%	16,4 k €	-39.6%	27,1 k €	+47.0%	18,4 k €
Operating result	66,7 k €	+57.7%	42,3 k €	-37.4%	67,5 k €	-8.3%	73,6 k €	+59.7%	46,1 k €	-25.9%	62,2 k €	+834%	6,7 k €	-44.5%	12 k €	-66.5%	35,8 k €	-28.4%	50 k €	+306%	12,3 k €	+4.4%	11,8 k €	-16.3%	14,1 k €	-54.5%	31 k €	+165%	11,7 k €	-61.8%	30,7 k €	+388%	6,3 k €	-46.9%	11,8 k €	+342%	-4,9 k €
Net result	35,8 k €	+46.5%	24,4 k €	-52.5%	51,4 k €	+1592%	3 k €	+114%	-21,5 k €	-149%	43,8 k €	+191%	-47,9 k €	-560%	10,4 k €	-52.8%	22,1 k €	-32.4%	32,7 k €	+70.5%	19,2 k €	-26.6%	26,1 k €	+186%	9,1 k €	-65.0%	26 k €	+68.5%	15,5 k €	-34.1%	23,5 k €	+803%	2,6 k €	-77.6%	11,6 k €	+307%	-5,6 k €
Balance sheet
Equity	160,4 k €	+28.7%	124,6 k €	+24.4%	100,2 k €	+106%	48,7 k €	-41.4%	83,2 k €	-20.5%	104,6 k €	+72.1%	60,8 k €	-61.4%	157,3 k €	+7.1%	146,9 k €	+17.7%	124,8 k €	+22.2%	102,2 k €	+16.1%	88 k €	+10.5%	79,7 k €	+8.4%	73,5 k €	+7.4%	68,4 k €	+28.7%	53,2 k €	+60.1%	33,2 k €	+8.5%	30,6 k €	+61.0%	19 k €
Total assets	689,5 k €	+1.7%	678,2 k €	+4.4%	649,8 k €	+125%	288,3 k €	-2.1%	294,5 k €	+13.9%	258,5 k €	+21.9%	212 k €	-34.4%	323 k €	+13.1%	285,7 k €	+21.3%	235,6 k €	+21.7%	193,5 k €	+30.0%	148,9 k €	-21.4%	189,4 k €	+7.0%	177 k €	-11.2%	199,3 k €	+20.2%	165,8 k €	+30.4%	127,1 k €	+19.5%	106,4 k €	+9.8%	96,8 k €
Cash	47,9 k €	+41.7%	33,8 k €	+18.2%	28,6 k €	-49.1%	56,2 k €	+89.9%	29,6 k €	-30.0%	42,2 k €	+168%	15,8 k €	-40.7%	26,6 k €	-4.2%	27,7 k €	-55.5%	62,4 k €	+80.8%	34,5 k €	+1.6%	33,9 k €	-13.1%	39,1 k €	+165%	14,7 k €	-28.9%	20,7 k €	+21.7%	17 k €	-22.9%	22,1 k €	+584%	3,2 k €	+103%	1,6 k €
Debts	528,1 k €	-4.5%	553 k €	+0.7%	548,9 k €	+129%	239,5 k €	+13.3%	211,3 k €	+37.4%	153,8 k €	+1.7%	151,2 k €	-8.7%	165,7 k €	+19.4%	138,8 k €	+26.2%	110 k €	+22.1%	90,1 k €	+48.1%	60,8 k €	-44.6%	109,7 k €	+6.0%	103,5 k €	-20.9%	130,8 k €	+16.2%	112,6 k €	+19.9%	93,9 k €	+24.0%	75,7 k €	-2.7%	77,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,1 ETP	+110%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Marc Verheyden

Director

Active

Veronique De Ceuster

Director

Active

Ended mandates

Véronique De Ceuster

Manager · since 01 janvier 2005

Ended

Marc Verheyden

Manager · since 17 octobre 2001

Ended

Marc Verheyden

Manager

Ended

Veronique De Ceuster

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/02/2026	19/03/2025	13/03/2024	17/03/2023	25/03/2022	19/03/2021
General meeting	04/02/2026	11/03/2025	12/03/2024	14/03/2023	08/03/2022	09/03/2021
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
Micro model	30/09/2025	04/02/2026	11/02/2026	Dutch	PDF
Micro model	30/09/2024	11/03/2025	19/03/2025	Dutch	PDF
Micro model	30/09/2023	12/03/2024	13/03/2024	Dutch	PDF
Micro model	30/09/2022	14/03/2023	17/03/2023	Dutch	PDF
Micro model	30/09/2021	08/03/2022	25/03/2022	Dutch	PDF
Micro model	30/09/2020	09/03/2021	19/03/2021	Dutch	PDF
Micro model	30/09/2019	10/03/2020	18/03/2020	Dutch	PDF
Micro model	30/09/2018	12/03/2019	20/03/2019	Dutch	PDF
Micro model	30/09/2017	13/03/2018	19/03/2018	Dutch	PDF
Abridged model	30/09/2016	14/03/2017	15/03/2017	Dutch	PDF
Abridged model	30/09/2015	08/03/2016	09/03/2016	Dutch	PDF
Abridged model	30/09/2014	10/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	11/03/2014	21/03/2014	Dutch	PDF
Abridged model	30/09/2012	12/03/2013	14/03/2013	Dutch	PDF
Abridged model	30/09/2011	13/03/2012	16/03/2012	Dutch	PDF
Abridged model	30/09/2010	08/03/2011	15/03/2011	Dutch	PDF
Abridged model	30/09/2009	09/03/2010	29/03/2010	Dutch	PDF
Abridged model	30/09/2008	10/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	11/03/2008	13/03/2008	Dutch	PDF
Abridged model	30/09/2006	13/03/2007	21/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 2 active · 4 ended

Active mandates

Marc Verheyden

Director

Active

Veronique De Ceuster

Director

Active

Ended mandates

Véronique De Ceuster

Manager · since 01 janvier 2005

Ended

Marc Verheyden

Manager · since 17 octobre 2001

Ended

Marc Verheyden

Manager

Ended

Veronique De Ceuster

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/01/2019
KAPITAAL - AANDELEN
PDF
Capital / shares02/02/2015
Kapitaalverhoging
PDF
Mandates04/02/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2003
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 202535,8 k €↑
2024
Annual accounts 202424,4 k €↓
2023
Annual accounts 202351,4 k €↑
2022
Annual accounts 20223 k €↑
2021
Annual accounts 2021-21,5 k €↓
2020
Annual accounts 202043,8 k €↑
2019
Annual accounts 2019-47,9 k €↓
2018
Annual accounts 201810,4 k €↓
2017
Annual accounts 201722,1 k €↓
2016
Annual accounts 201632,7 k €↑
2015
Annual accounts 201519,2 k €↓
2014
Annual accounts 201426,1 k €↑
2013
Annual accounts 20139,1 k €↓
2012
Annual accounts 201226 k €↑
2011
Annual accounts 201115,5 k €↓
2010
Annual accounts 201023,5 k €↑
2009
Annual accounts 20092,6 k €↓
2008
Annual accounts 200811,6 k €↑
2007
Annual accounts 2007-5,6 k €
26/10/2001
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

MARNICK

Overview

What does MARNICK do?

Trend over 19 financial years

Indicative valuation

Board of directors

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