ACTIVE

MARINE SOFTWARE DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
8,6 k €
-9.0% YoY
Revenue
826,8 k €
-28.0% YoY
Equity
81,7 k €
+11.8% YoY
Workforce
3,4 ETP
+30.8% YoY

What does MARINE SOFTWARE DEVELOPMENT do?

MARINE SOFTWARE DEVELOPMENT is a Private limited company incorporated in 2016. Its main activity is: Computer programming activities. Its registered office is in Antwerpen. It employs on average 3,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0666.816.305
Incorporation
28/11/2016
Legal form
Private limited company
Registered office
Maasstraat 65
2060 Antwerpen · FlandreSee on map
Contributed capital
27 500,00 €
Latest accounts
31/12/2025
Average workforce
3,4 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Revenue826,8 k €1,1 M €628,2 k €412,1 k €376,1 k €422,7 k €340,9 k €427,8 k €361,2 k €
EBITDA18,7 k €17,1 k €13,5 k €38,3 k €13,4 k €26,1 k €56,5 k €57,4 k €21 k €
Operating result15,3 k €15,5 k €17,2 k €32,4 k €12 k €442,6 €6,3 k €7,6 k €-5,5 k €
Net result8,6 k €9,5 k €11,2 k €22,5 k €7,5 k €-4,3 k €2,3 k €6 k €-6,6 k €
Balance sheet
Equity81,7 k €73,1 k €63,6 k €52,4 k €29,9 k €22,4 k €26,7 k €24,3 k €18,4 k €
Total assets313,8 k €325,5 k €319,3 k €201,6 k €64 k €161,2 k €174,7 k €198,6 k €140,7 k €
Cash47,3 k €31,5 k €22 k €55,8 k €16,4 k €19,2 k €10,4 k €13 k €3,9 k €
Debts135,4 k €222,8 k €255,7 k €149,2 k €34,1 k €138,8 k €148 k €174,2 k €122,4 k €
Other
Workforce3,4 ETP2,6 ETP2,1 ETP2,6 ETP2,5 ETP2,9 ETP2,0 ETP2,8 ETP3,0 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 31/12/2025 · 1 active · 2 ended

Active mandates

Céline Mortier

Director

Active

Ended mandates

Céline Mortier

Manager · since 28 novembre 2016

Ended
Céline Mortier

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
ALPHA MARINE SYSTEMS● Active
0428.795.626
BOGERD MARTIN● Active
0446.355.495
MARTIN EN CO● Active
0404.900.962
M-Holding● Active
0665.641.417
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202610/06/202519/07/202408/08/202319/08/202209/08/2021
General meeting05/06/202606/06/202515/07/202430/06/202303/06/202204/06/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202622/06/2026DutchPDF
Full model31/12/202406/06/202510/06/2025DutchPDF
Full model31/12/202315/07/202419/07/2024DutchPDF
Full model31/12/202230/06/202308/08/2023DutchPDF
Full model31/12/202103/06/202219/08/2022DutchPDF
Full model31/12/202004/06/202109/08/2021DutchPDF
Full model31/12/201931/10/202030/11/2020DutchPDF
Full model31/12/201828/06/201929/08/2019DutchPDF
Full model31/12/201701/06/201815/06/2018DutchPDF
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 31/12/2025 · 1 active · 2 ended

Active mandates

Céline Mortier

Director

Active

Ended mandates

Céline Mortier

Manager · since 28 novembre 2016

Ended
Céline Mortier

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office27/03/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates18/07/2024
    WIJZIGING RECHTSVORM, ONTSLAGEN, BENOEMINGEN,
    PDF
  • Other12/12/2016
    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

Timeline

  1. 2025
    Annual accounts 20258,6 k €↓
  2. 2024
    Annual accounts 20249,5 k €↓
  3. 2023
    Annual accounts 202311,2 k €↓
  4. 2022
    Annual accounts 202222,5 k €↑
  5. 2021
    Annual accounts 20217,5 k €↑
  6. 2020
    Annual accounts 2020-4,3 k €↓
  7. 2019
    Annual accounts 20192,3 k €↓
  8. 2018
    Annual accounts 20186 k €↑
  9. 2017
    Annual accounts 2017-6,6 k €
  10. 28/11/2016
    IncorporationPrivate limited company