ACTIVE

Mar Max

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Financial year 2025 · closed on 30/09/2025
Net result
-79 k €
-119.4% YoY
Gross margin
67 k €
-89.7% YoY
Equity
1 M €
-7.2% YoY

What does Mar Max do?

Mar Max is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Berchem-Sainte-Agathe.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0807.260.031
Incorporation
21/10/2008
Legal form
Private limited company
Registered office
Rue de Grand-Bigard 14
1082 Berchem-Sainte-Agathe · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities64200Activities of holding companies64210Activities of holding companies82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
Solid equityPositive 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 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin67 k €647,5 k €77,1 k €443,3 k €111,3 k €133,9 k €95,9 k €227,4 k €238,9 k €267 k €358,1 k €122,9 k €693,1 k €
EBITDA7,4 k €577,3 k €14,7 k €379,6 k €58,7 k €83,5 k €34,1 k €178,5 k €203,6 k €257,2 k €333,9 k €107,9 k €648,8 k €
Operating result-84,8 k €530,3 k €-88,7 k €276,9 k €-217,7 k €-211,7 k €-258,4 k €-136 k €-119,8 k €-87,2 k €-13,2 k €19,1 k €-34,7 k €
Net result-79 k €408,3 k €-98,5 k €204,4 k €-527 k €-210,6 k €-186,1 k €-168,3 k €853,9 k €60,8 k €-123,2 k €-27,1 k €-763 k €
Balance sheet
Equity1 M €1,1 M €687,9 k €786,4 k €1,6 M €2,1 M €2,3 M €2,5 M €2,8 M €2,1 M €2,2 M €3 M €627,3 k €
Total assets2,3 M €2,1 M €1,4 M €1,5 M €2,4 M €3,1 M €3,3 M €4,3 M €4,8 M €4,9 M €5,5 M €6,8 M €4,6 M €
Cash13,7 k €3,9 k €14,2 k €6,3 k €60,8 k €11,8 k €8,8 k €184,4 k €5,8 k €171,5 k €30,9 k €32 k €16,9 k €
Debts1,1 M €804,3 k €638,2 k €594,9 k €750,3 k €812,6 k €834,8 k €1,5 M €1,7 M €2,5 M €3 M €3,5 M €3,6 M €
Other
Workforce––––0,8 ETP0,8 ETP–––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 3 ended

Active mandates

Olivier Kesteleyn

Mandate

Active

Ended mandates

FEET ON GROUND

Manager · since 02 juillet 2013 · until 05 juin 2014 · 0536.398.122

Represented by Saskia Beun

Ended
FEET ON GROUND

Manager · since 02 juillet 2013 · 0536.398.122

Represented by Saskia Beun

Ended
Olivier Kesteleyn

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202230/09/202130/09/202030/09/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202229/09/202129/09/2020
Length of the financial year12 months12 months12 months13 months13 months13 months
Filing date02/04/202607/04/202518/03/202401/03/202328/02/202206/04/2021
General meeting31/03/202631/03/202524/02/202425/02/202326/02/202227/02/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202531/03/202602/04/2026DutchPDF
Micro model30/09/202431/03/202507/04/2025DutchPDF
Micro model30/09/202324/02/202418/03/2024DutchPDF
Micro model30/09/202225/02/202301/03/2023DutchPDF
Abridged model29/09/202126/02/202228/02/2022DutchPDF
Abridged model29/09/202027/02/202106/04/2021DutchPDF
Micro model29/09/201929/02/202011/03/2020DutchPDF
Micro model29/09/201803/12/201805/12/2018DutchPDF
Micro model29/09/201724/02/201827/02/2018DutchPDF
Abridged model29/09/201625/02/201713/03/2017DutchPDF
Abridged model29/09/201527/02/201608/03/2016DutchPDF
Abridged model29/09/201428/02/201502/03/2015DutchPDF
Abridged model29/09/201322/02/201427/03/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 3 ended

Active mandates

Olivier Kesteleyn

Mandate

Active

Ended mandates

FEET ON GROUND

Manager · since 02 juillet 2013 · until 05 juin 2014 · 0536.398.122

Represented by Saskia Beun

Ended
FEET ON GROUND

Manager · since 02 juillet 2013 · 0536.398.122

Represented by Saskia Beun

Ended
Olivier Kesteleyn

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 office22/09/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares31/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates14/07/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Mandates03/07/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/07/2013
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other10/10/2012
    BOEKJAAR
    PDF
  • Restructuring06/01/2011
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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 2025-79 k €↓
  2. 2024
    Annual accounts 2024408,3 k €↑
  3. 2023
    Annual accounts 2023-98,5 k €↓
  4. 2022
    Annual accounts 2022204,4 k €↑
  5. 2021
    Annual accounts 2021-527 k €↓
  6. 2020
    Annual accounts 2020-210,6 k €↓
  7. 2019
    Annual accounts 2019-186,1 k €↓
  8. 2018
    Annual accounts 2018-168,3 k €↓
  9. 2017
    Annual accounts 2017853,9 k €↑
  10. 2016
    Annual accounts 201660,8 k €↑
  11. 2015
    Annual accounts 2015-123,2 k €↓
  12. 2014
    Annual accounts 2014-27,1 k €↑
  13. 2013
    Annual accounts 2013-763 k €
  14. 21/10/2008
    IncorporationPrivate limited company