MARECO
0479.107.447 · rovalta.com · 24/09/2026
ACTIVE
MARECO
Financial year 2025 · closed on 31/12/2025
Net result
-1,3 M €
-3418.2% YoY
Revenue
26,3 M €
-15.6% YoY
Equity
5 M €
-20.7% YoY
Workforce
14,9 ETP
-6.9% YoY
Overview
What does MARECO do?
MARECO is a Public limited company incorporated in 2002. Its main activity is: Support activities for transportation. Its registered office is in Antwerpen. It employs on average 14,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0479.107.447
Incorporation
20/12/2002
Legal form
Public limited company
Registered office
Waalsekaai 27 box B
2000 Antwerpen · FlandreSee on map
2000 Antwerpen · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
14,9 ETP
Activities (NACE)
Joint committees (1)
- 226
Signals
Solid equityLow riskGood liquidityHealthy social debtsHigh revenue
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 26,3 M € | -15.6% | 31,1 M € | -17.9% | 37,9 M € | -26.0% | 51,2 M € | +3.5% | 49,5 M € | +6.2% | 46,6 M € | -22.2% | 59,9 M € | – | – | – | – | – | – | – | – | – | – | – | |||||||||||
| EBITDA | -781,6 k € | -65.7% | -471,7 k € | -67.5% | -281,5 k € | -124% | 1,2 M € | -2.9% | 1,2 M € | +82.3% | 658,2 k € | -74.6% | 2,6 M € | -26.1% | 3,5 M € | -17.7% | 4,3 M € | +49.7% | 2,8 M € | +15.6% | 2,5 M € | -16.6% | 3 M € | -7.8% | 3,2 M € | +6.6% | 3 M € | +15.3% | 2,6 M € | +28.2% | 2 M € | +0.4% | 2 M € | -3.9% | 2,1 M € |
| Operating result | -857 k € | -90.7% | -449,5 k € | -14.1% | -393,9 k € | -139% | 1 M € | -20.5% | 1,3 M € | +930% | 122,9 k € | -95.4% | 2,7 M € | -14.7% | 3,1 M € | -22.7% | 4 M € | +71.3% | 2,3 M € | +1.5% | 2,3 M € | -18.3% | 2,8 M € | -6.6% | 3 M € | +3.9% | 2,9 M € | +22.1% | 2,4 M € | +24.3% | 1,9 M € | +0.2% | 1,9 M € | -2.9% | 2 M € |
| Net result | -1,3 M € | -3418% | 39,3 k € | -94.8% | 750,2 k € | -10.6% | 839,6 k € | -15.6% | 995,2 k € | +562% | 150,3 k € | -90.4% | 1,6 M € | -33.4% | 2,3 M € | -10.1% | 2,6 M € | +76.1% | 1,5 M € | +0.0% | 1,5 M € | -16.8% | 1,8 M € | -5.3% | 1,9 M € | +2.5% | 1,8 M € | +20.7% | 1,5 M € | +21.4% | 1,3 M € | +2.9% | 1,2 M € | -1.6% | 1,2 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 5 M € | -20.7% | 6,3 M € | +0.6% | 6,3 M € | +13.6% | 5,5 M € | +38.4% | 4 M € | +14.2% | 3,5 M € | -9.1% | 3,8 M € | +17.2% | 3,3 M € | -50.6% | 6,6 M € | +0.2% | 6,6 M € | +28.9% | 5,1 M € | +3.7% | 4,9 M € | +56.3% | 3,2 M € | -19.7% | 3,9 M € | +10.5% | 3,6 M € | +9.7% | 3,3 M € | -20.1% | 4,1 M € | +42.7% | 2,9 M € |
| Total assets | 9,8 M € | -12.3% | 11,2 M € | -1.4% | 11,3 M € | -24.8% | 15,1 M € | +5.8% | 14,2 M € | +14.8% | 12,4 M € | -11.0% | 13,9 M € | -27.2% | 19,1 M € | +18.9% | 16,1 M € | -13.1% | 18,5 M € | +14.1% | 16,2 M € | +1.9% | 15,9 M € | +1.5% | 15,7 M € | +16.6% | 13,5 M € | +8.7% | 12,4 M € | +7.5% | 11,5 M € | +3.1% | 11,2 M € | -19.4% | 13,9 M € |
| Cash | 1,7 M € | +39.7% | 1,2 M € | -18.3% | 1,5 M € | -56.4% | 3,4 M € | +151% | 1,4 M € | -50.1% | 2,7 M € | -3.9% | 2,8 M € | -70.1% | 9,4 M € | +54.6% | 6,1 M € | +30.3% | 4,7 M € | +76.3% | 2,7 M € | +22.0% | 2,2 M € | +42.2% | 1,5 M € | -56.8% | 3,5 M € | -5.1% | 3,7 M € | +97.8% | 1,9 M € | +157% | 734,4 k € | -82.3% | 4,1 M € |
| Debts | 4,8 M € | -0.3% | 4,8 M € | -4.5% | 5 M € | -47.1% | 9,5 M € | -7.1% | 10,2 M € | +15.2% | 8,9 M € | -11.7% | 10,1 M € | -36.4% | 15,8 M € | +67.6% | 9,5 M € | -20.4% | 11,9 M € | +7.2% | 11,1 M € | +1.1% | 11 M € | -12.4% | 12,5 M € | +31.7% | 9,5 M € | +8.1% | 8,8 M € | +6.5% | 8,3 M € | +16.4% | 7,1 M € | -35.5% | 11 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 14,9 ETP | -6.9% | 16,0 ETP | -15.8% | 19,0 ETP | +3.8% | 18,3 ETP | -7.6% | 19,8 ETP | 0.0% | 19,8 ETP | +7.0% | 18,5 ETP | -9.3% | 20,4 ETP | -0.5% | 20,5 ETP | +2.5% | 20,0 ETP | +8.1% | 18,5 ETP | -5.6% | 19,6 ETP | +10.7% | 17,7 ETP | -2.2% | 18,1 ETP | -0.5% | 18,2 ETP | +12.3% | 16,2 ETP | +32.8% | 12,2 ETP | +18.4% | 10,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 28 ended
Active mandates
Ended mandates
Maria Bjork Einarsdottir
EndedBragi Thor MARINOSSON
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
HADAK INTERNATIONAL● Liquidation | 0417.388.129 |
| 0892.421.675 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 24/03/2026 | 24/03/2025 | 16/05/2024 | 20/03/2023 | 22/02/2022 | 08/11/2021 |
| General meeting | 25/02/2026 | 25/02/2025 | 18/04/2024 | 28/02/2023 | 09/02/2022 | 12/02/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 25/02/2026 | 24/03/2026 | Dutch | |
| Full model | 31/12/2024 | 25/02/2025 | 24/03/2025 | Dutch | |
| Full model | 31/12/2023 | 18/04/2024 | 16/05/2024 | Dutch | |
| Full model | 31/12/2022 | 28/02/2023 | 20/03/2023 | Dutch | |
| Full model | 31/12/2021 | 09/02/2022 | 22/02/2022 | Dutch | |
| Full modelCorrection | 31/12/2020 | 12/02/2021 | 08/11/2021 | Dutch | |
| Full model | 31/12/2020 | 12/02/2021 | 25/02/2021 | Dutch | |
| Full model | 31/12/2019 | 11/02/2020 | 10/03/2020 | Dutch | |
| Full model | 31/12/2018 | 12/02/2019 | 07/03/2019 | Dutch | |
| Full model | 31/12/2017 | 01/06/2018 | 15/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 01/06/2017 | 04/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 01/06/2016 | 22/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 01/06/2015 | 25/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 17/10/2014 | 17/10/2014 | Dutch | |
| Abridged model | 31/12/2012 | 12/09/2013 | 16/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 14/12/2012 | 17/12/2012 | Dutch | |
| Abridged model | 31/12/2010 | 14/11/2011 | 14/11/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/10/2010 | 10/11/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/10/2009 | 30/10/2009 | Dutch | |
| Abridged model | 31/12/2007 | 27/08/2008 | 27/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 19/11/2007 | 26/11/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 28 ended
Active mandates
Ended mandates
Maria Bjork Einarsdottir
EndedBragi Thor MARINOSSON
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/02/2025ONTSLAGEN - BENOEMINGEN
- Mandates27/03/2024ONTSLAGEN - BENOEMINGEN
- Mandates05/02/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
- Mandates19/05/2023ONTSLAGEN - BENOEMINGEN
- Mandates04/07/2022ONTSLAGEN - BENOEMINGEN
- Mandates04/02/2021ONTSLAGEN - BENOEMINGEN
- Mandates24/12/2020ONTSLAGEN - BENOEMINGEN
- Mandates22/05/2018ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1,3 M €↓
- 2024Annual accounts 202439,3 k €↓
- 2023Annual accounts 2023750,2 k €↓
- 2022Annual accounts 2022839,6 k €↓
- 2019Annual accounts 2019995,2 k €↑
- 2018Annual accounts 2018150,3 k €↓
- 2017Annual accounts 20171,6 M €↓
- 2016Annual accounts 20162,3 M €↓
- 2015Annual accounts 20152,6 M €↑
- 2014Annual accounts 20141,5 M €↑
- 2013Annual accounts 20131,5 M €↓
- 2012Annual accounts 20121,8 M €↓
- 2011Annual accounts 20111,9 M €↑
- 2010Annual accounts 20101,8 M €↑
- 2009Annual accounts 20091,5 M €↑
- 2008Annual accounts 20081,3 M €↑
- 2007Annual accounts 20071,2 M €↓
- 2006Annual accounts 20061,2 M €
- 20/12/2002IncorporationPublic limited company