ACTIVE

MARKOFINA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

441,5 k €

+244.9% YoY

Gross margin

723,8 k €

+126.8% YoY

Equity

1,7 M €

+22.0% YoY

What does MARKOFINA do?

MARKOFINA is a Private limited company incorporated in 2008. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.166.010

Incorporation

25/08/2008

Legal form

Private limited company

Registered office

Albert I Laan(Odk) 99 box 205
8670 Koksijde · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Joint committees (3)

218
341
3410

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	723,8 k €	+127%	319,2 k €	-14.0%	371,2 k €	-20.7%	468 k €	-27.3%	643,8 k €	+33.7%	481,6 k €	-0.4%	483,3 k €	-2.3%	494,4 k €	+15.2%	429,3 k €	+2.7%	418,1 k €	+8.9%	383,8 k €	+8.6%	353,3 k €	+6.6%	331,5 k €	+8.7%	304,8 k €	+36.4%	223,5 k €	+179%	80 k €	+27.7%	62,6 k €
EBITDA	641,1 k €	+181%	227,9 k €	-19.6%	283,7 k €	-27.1%	388,9 k €	-27.9%	539,6 k €	+45.4%	371,1 k €	+6.2%	349,5 k €	-8.9%	383,5 k €	+12.6%	340,7 k €	+23.3%	276,3 k €	+21.9%	226,7 k €	+17.8%	192,5 k €	-5.9%	204,6 k €	-1.7%	208,2 k €	+39.4%	149,4 k €	+176%	54 k €	-12.3%	61,6 k €
Operating result	590,6 k €	+227%	180,6 k €	-26.4%	245,4 k €	-26.8%	335,4 k €	-30.4%	481,9 k €	+95.7%	246,2 k €	+28.7%	191,3 k €	-19.5%	237,7 k €	+30.4%	182,3 k €	+45.8%	125 k €	+207%	40,7 k €	+54.0%	26,4 k €	-10.3%	29,5 k €	-65.2%	84,8 k €	+118%	38,8 k €	+148%	15,7 k €	-44.6%	28,3 k €
Net result	441,5 k €	+245%	128 k €	-25.0%	170,7 k €	-26.2%	231,2 k €	-30.8%	334,3 k €	+109%	160,2 k €	+36.1%	117,7 k €	-20.7%	148,4 k €	+52.0%	97,6 k €	+51.3%	64,5 k €	+569%	9,6 k €	+154%	-18 k €	-636%	3,3 k €	-92.3%	43,3 k €	+127%	19,1 k €	+181%	6,8 k €	-59.7%	16,8 k €
Balance sheet
Equity	1,7 M €	+22.0%	1,4 M €	-2.9%	1,4 M €	+15.5%	1,2 M €	+23.7%	986,2 k €	+49.9%	658 k €	+34.8%	488,1 k €	-24.7%	648 k €	+32.2%	490,1 k €	+24.9%	392,5 k €	+22.5%	320,3 k €	+79.8%	178,1 k €	-9.2%	196,1 k €	+4.5%	187,6 k €	+32.9%	141,2 k €	+66.8%	84,6 k €	+0.3%	84,3 k €
Total assets	2,2 M €	+0.2%	2,2 M €	+8.9%	2 M €	+22.5%	1,7 M €	+22.6%	1,4 M €	+11.8%	1,2 M €	-15.2%	1,4 M €	+16.3%	1,2 M €	-8.8%	1,4 M €	-1.9%	1,4 M €	+1.8%	1,4 M €	+10.4%	1,2 M €	+5.3%	1,2 M €	+40.6%	829,9 k €	+28.6%	645,2 k €	+61.4%	399,7 k €	+92.1%	208,1 k €
Cash	143,9 k €	+70.1%	84,6 k €	-66.3%	251 k €	-68.1%	785,6 k €	+97.0%	398,9 k €	+138%	167,7 k €	-47.9%	321,8 k €	+80.3%	178,5 k €	-4.2%	186,2 k €	+5.4%	176,7 k €	+89.1%	93,5 k €	+62.6%	57,5 k €	+31.4%	43,7 k €	-44.5%	78,8 k €	+46.4%	53,8 k €	-59.6%	133,3 k €	+198%	44,8 k €
Debts	494,1 k €	-38.0%	796,5 k €	+37.6%	578,9 k €	+47.7%	392 k €	+17.0%	335,1 k €	-38.2%	542,4 k €	-41.5%	927,9 k €	+61.6%	574,1 k €	-32.3%	848,4 k €	-13.4%	979,3 k €	-4.4%	1 M €	-0.3%	1 M €	+6.9%	960,9 k €	+49.7%	641,9 k €	+28.4%	500,1 k €	+61.3%	310 k €	+164%	117,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		3,1 ETP	-6.1%	3,3 ETP	+26.9%	2,6 ETP	+4.0%	2,5 ETP	+38.9%	1,8 ETP	+200%	0,6 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

KOEN VERMEERSCH

Director · since 12 novembre 2019

Active

Marianne WILLEN

Director · since 12 novembre 2019

Active

Ended mandates

Koen VERMEERSCH

Director

Ended

Koen VERMEERSCH

Manager

Ended

Marianne WILLEN

Director

Ended

Marianne WILLEN

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	01/01/2025	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	28/07/2026	11/07/2025	18/07/2024	03/07/2023	30/06/2022	12/07/2021
General meeting	30/06/2026	25/06/2025	29/06/2024	15/06/2023	25/06/2022	03/07/2021
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 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	25/06/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	03/07/2021	12/07/2021	Dutch	PDF
Micro model	31/12/2019	07/07/2020	16/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	16/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	09/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 active · 4 ended

Active mandates

KOEN VERMEERSCH

Director · since 12 novembre 2019

Active

Marianne WILLEN

Director · since 12 novembre 2019

Active

Ended mandates

Koen VERMEERSCH

Director

Ended

Koen VERMEERSCH

Manager

Ended

Marianne WILLEN

Director

Ended

Marianne WILLEN

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office04/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates20/11/2019
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/06/2015
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/09/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares21/03/2011
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/12/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other15/09/2008
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 2025441,5 k €↑
2024
Annual accounts 2024128 k €↓
2023
Annual accounts 2023170,7 k €↓
2022
Annual accounts 2022231,2 k €↓
2021
Annual accounts 2021334,3 k €↑
2020
Annual accounts 2020160,2 k €↑
2019
Annual accounts 2019117,7 k €↓
2018
Annual accounts 2018148,4 k €↑
2017
Annual accounts 201797,6 k €↑
2016
Annual accounts 201664,5 k €↑
2015
Annual accounts 20159,6 k €↑
2014
Annual accounts 2014-18 k €↓
2013
Annual accounts 20133,3 k €↓
2012
Annual accounts 201243,3 k €↑
2011
Annual accounts 201119,1 k €↑
2010
Annual accounts 20106,8 k €↓
2009
Annual accounts 200916,8 k €
25/08/2008
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

MARKOFINA

Overview

What does MARKOFINA do?

Trend over 17 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