ACTIVE

MAREX

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Financial year 2025 · closed on 30/09/2025

Net result

-29,9 k €

-281.0% YoY

Gross margin

51,8 k €

-25.3% YoY

Equity

555,2 k €

-19.0% YoY

What does MAREX do?

MAREX is a Private limited company incorporated in 2014. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0543.767.845

Incorporation

03/01/2014

Legal form

Private limited company

Registered office

Avenue Louise 440
1050 Bruxelles · BruxellesSee on map

Contributed capital

18 550,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	51,8 k €	-25.3%	69,3 k €	+293%	17,7 k €	-90.8%	191 k €	-22.8%	247,4 k €	+18.2%	209,2 k €	-14.4%	244,4 k €	+112%	115,3 k €	-38.2%	186,4 k €	-64.6%	526,6 k €	+21.2%	434,6 k €
EBITDA	32,5 k €	-32.9%	48,4 k €	+1936%	2,4 k €	-98.1%	126,1 k €	-45.9%	233,1 k €	+17.3%	198,7 k €	-14.0%	231 k €	+122%	103,9 k €	-41.2%	176,6 k €	-63.5%	483,7 k €	+41.5%	341,9 k €
Operating result	-20,7 k €	-244%	-6 k €	+88.8%	-53,5 k €	-173%	73 k €	-59.0%	178,2 k €	+18.2%	150,8 k €	-20.5%	189,7 k €	+204%	62,5 k €	-55.0%	138,8 k €	-68.9%	446,5 k €	+38.7%	322 k €
Net result	-29,9 k €	-281%	-7,9 k €	+88.0%	-65,3 k €	-666%	11,5 k €	-88.7%	101,6 k €	+12.3%	90,5 k €	-20.6%	114,1 k €	+417%	22,1 k €	-70.2%	74,1 k €	-73.6%	280,7 k €	+42.6%	196,9 k €
Balance sheet
Equity	555,2 k €	-19.0%	685,1 k €	-7.5%	741 k €	-8.1%	806,3 k €	+1.5%	794,7 k €	+14.7%	693,1 k €	+15.0%	602,6 k €	+22.3%	492,6 k €	+4.7%	470,5 k €	+18.7%	396,4 k €	+100%	197,9 k €
Total assets	1,3 M €	-7.4%	1,4 M €	-9.9%	1,5 M €	-12.0%	1,7 M €	+22.6%	1,4 M €	-7.5%	1,5 M €	+13.1%	1,3 M €	+7.0%	1,2 M €	-5.5%	1,3 M €	+0.9%	1,3 M €	+48.8%	877 k €
Cash	65 k €	-46.8%	122,3 k €	-45.9%	226 k €	+224%	69,8 k €	-44.5%	125,8 k €	-23.6%	164,7 k €	+45.4%	113,3 k €	+148%	45,7 k €	-33.5%	68,8 k €	+58.7%	43,3 k €	-91.4%	506,8 k €
Debts	673,3 k €	+3.3%	652 k €	-11.8%	739,5 k €	-12.3%	842,9 k €	+45.1%	581 k €	-26.9%	795,4 k €	+11.1%	715,9 k €	-3.7%	743,6 k €	-11.8%	842,6 k €	-7.1%	907,1 k €	+67.8%	540,7 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 30/09/2025 · 2 active · 5 ended

Active mandates

Emmanuelle CORTVRIENDT

Administrator - manager

Active

Xavier LAMBRECHT

Administrator - manager

Active

Ended mandates

Emmanuelle CORTVRIENDT

Director

Ended

Emmanuelle CORTVRIENDT

Manager

Ended

Emmanuelle CORTVRIENDT

Associate

Ended

Xavier LAMBRECHT

Director

Ended

At this address

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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	23/03/2026	29/04/2025	26/04/2024	20/03/2023	29/04/2022	30/04/2021
General meeting	20/03/2026	21/03/2025	15/03/2024	17/03/2023	18/03/2022	19/03/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	20/03/2026	23/03/2026	Dutch	PDF
Micro model	30/09/2024	21/03/2025	29/04/2025	Dutch	PDF
Micro model	30/09/2023	15/03/2024	26/04/2024	Dutch	PDF
Micro model	30/09/2022	17/03/2023	20/03/2023	Dutch	PDF
Micro model	30/09/2021	18/03/2022	29/04/2022	Dutch	PDF
Micro model	30/09/2020	19/03/2021	30/04/2021	Dutch	PDF
Micro modelCorrection	30/09/2019	20/03/2020	04/11/2020	Dutch	PDF
Micro model	30/09/2019	20/03/2020	23/03/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	18/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/03/2018	21/03/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	24/03/2016	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 30/09/2025 · 2 active · 5 ended

Active mandates

Emmanuelle CORTVRIENDT

Administrator - manager

Active

Xavier LAMBRECHT

Administrator - manager

Active

Ended mandates

Emmanuelle CORTVRIENDT

Director

Ended

Emmanuelle CORTVRIENDT

Manager

Ended

Emmanuelle CORTVRIENDT

Associate

Ended

Xavier LAMBRECHT

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/10/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/12/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other07/01/2014
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025-29,9 k €↓
2024
Annual accounts 2024-7,9 k €↑
2023
Annual accounts 2023-65,3 k €↓
2022
Annual accounts 202211,5 k €↓
2021
Annual accounts 2021101,6 k €↑
2020
Annual accounts 202090,5 k €↓
2019
Annual accounts 2019114,1 k €↑
2018
Annual accounts 201822,1 k €↓
2017
Annual accounts 201774,1 k €↓
2016
Annual accounts 2016280,7 k €↑
2015
Annual accounts 2015196,9 k €
03/01/2014
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

MAREX

Overview

What does MAREX do?

Trend over 11 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