ACTIVE

Marcade

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Financial year 2025 · closed on 31/12/2025

Net result

-1,7 k €

-100.3% YoY

Revenue

1,1 M €

-9.7% YoY

Equity

6,4 M €

-0.6% YoY

What does Marcade do?

Marcade is a Non-profit organization incorporated in 2017. Its main activity is: Botanical and zoological gardens and nature reserves activities. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0677.831.149

Incorporation

03/07/2017

Legal form

Non-profit organization

Registered office

Kloosterstraat(Mar) 27
8510 Kortrijk · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

91042Botanical and zoological gardens and nature reserves activities· main 91420Libraries, archives, museums and other cultural activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Revenue	1,1 M €	-9.7%	1,2 M €	-1.2%	1,3 M €	+10.4%	1,1 M €	+26.0%	906,4 k €	+7.1%	845,9 k €	+13.8%	743,3 k €	+3.1%	720,7 k €
EBITDA	746 k €	-45.8%	1,4 M €	+17.3%	1,2 M €	+8.3%	1,1 M €	-37.4%	1,7 M €	+98.2%	872,9 k €	+15.4%	756,7 k €	+58.0%	478,9 k €
Operating result	75,2 k €	-89.2%	694 k €	+55.0%	447,7 k €	+26.7%	353,2 k €	-70.2%	1,2 M €	+465%	209,4 k €	+49.5%	140,1 k €	+226%	-111,5 k €
Net result	-1,7 k €	-100%	614,9 k €	+76.4%	348,7 k €	+50.2%	232,2 k €	-78.0%	1,1 M €	+1385%	71 k €	+12944%	544,2 €	+100%	-266,6 k €
Balance sheet
Equity	6,4 M €	-0.6%	6,4 M €	+9.9%	5,8 M €	+5.7%	5,5 M €	+3.7%	5,3 M €	+23.6%	4,3 M €	-0.7%	4,3 M €	-2.2%	4,4 M €
Total assets	10 M €	-2.3%	10,2 M €	+0.0%	10,2 M €	-2.7%	10,5 M €	-10.3%	11,7 M €	+17.4%	10 M €	-7.9%	10,8 M €	-11.2%	12,2 M €
Cash	645,8 k €	-58.3%	1,5 M €	+81.9%	850,9 k €	+21.8%	698,8 k €	-19.0%	862,5 k €	+745%	102,1 k €	-79.1%	488,3 k €	+9.8%	444,7 k €
Debts	3,2 M €	-5.9%	3,4 M €	-14.5%	4 M €	-12.9%	4,6 M €	-23.5%	6 M €	+13.5%	5,3 M €	-13.5%	6,1 M €	-17.2%	7,4 M €
Other
Workforce	–		–		–		–		–		–		0,3 ETP	-70.0%	1,0 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 31/12/2025 · 5 active · 12 ended

Active mandates

EECKHOUT - BOURGEOIS

Mandate · 0830.254.870

Represented by Mario Eeckhout

Active

Katty Bourgeois

Mandate

Active

Luc Haegeman

Mandate

Active

Philippe Van Compernolle

Mandate

Active

VANDERASPOILDEN-VERCRUYSSE

Mandate · 0836.600.155

Represented by Ludo Vanderaspoilden

Active

Ended mandates

EECKHOUT - BOURGEOIS

Director · 0830.254.870

Represented by Mario Eeckhout

Ended

EECKHOUT - BOURGEOIS

Director · until 30 juin 2029 · 0830.254.870

Represented by MARIO EECKHOUT

Ended

EECKHOUT - BOURGEOIS

Director · 0830.254.870

Represented by MARIO EECKHOUT

Ended

KATHY BOURGEOIS

Director · until 30 juin 2029

Ended

At this address

Other companies at this address

Company	CBE no.
COMITE DER GESUBS. VRIJE LAGERE SCHOLEN● Active	0850.393.357

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/06/2026	27/06/2025	16/07/2024	05/07/2023	12/07/2022	20/07/2021
General meeting	01/06/2026	02/06/2025	11/06/2024	05/06/2023	07/06/2022	24/06/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	24/06/2020	09/10/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	24/09/2019	Dutch	PDF

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 31/12/2025 · 5 active · 12 ended

Active mandates

EECKHOUT - BOURGEOIS

Mandate · 0830.254.870

Represented by Mario Eeckhout

Active

Katty Bourgeois

Mandate

Active

Luc Haegeman

Mandate

Active

Philippe Van Compernolle

Mandate

Active

VANDERASPOILDEN-VERCRUYSSE

Mandate · 0836.600.155

Represented by Ludo Vanderaspoilden

Active

Ended mandates

EECKHOUT - BOURGEOIS

Director · 0830.254.870

Represented by Mario Eeckhout

Ended

EECKHOUT - BOURGEOIS

Director · until 30 juin 2029 · 0830.254.870

Represented by MARIO EECKHOUT

Ended

EECKHOUT - BOURGEOIS

Director · 0830.254.870

Represented by MARIO EECKHOUT

Ended

KATHY BOURGEOIS

Director · until 30 juin 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring27/07/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other05/07/2017
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 2025-1,7 k €↓
2024
Annual accounts 2024614,9 k €↑
2023
Annual accounts 2023348,7 k €↑
2022
Annual accounts 2022232,2 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 202071 k €↑
2019
Annual accounts 2019544,2 €↑
2018
Annual accounts 2018-266,6 k €
03/07/2017
IncorporationNon-profit organization

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

Marcade

Overview

What does Marcade do?

Trend over 8 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