ACTIVE

AMARSE

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Financial year 2025 · closed on 30/04/2025

Net result

62,4 k €

-82.7% YoY

Gross margin

195,7 k €

+895.4% YoY

Equity

7 M €

-3.1% YoY

Workforce

0,0 ETP

What does AMARSE do?

AMARSE is a Private limited company incorporated in 2011. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.970.375

Incorporation

07/01/2011

Legal form

Private limited company

Registered office

Zoutelaan 78 box 22
8300 Knokke-Heist · FlandreSee on map

Contributed capital

23 500,00 €

Latest accounts

30/04/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	195,7 k €	+895%	19,7 k €	+2944%	-691,1 €	+99.5%	-137 k €	-103%	4,6 M €	+13588%	33,9 k €	-40.9%	57,3 k €	+7.1%	53,5 k €	+590%	-10,9 k €	+12.7%	-12,5 k €	-175%	16,7 k €	+122%	7,5 k €	+189%	-8,4 k €	-163%	13,4 k €
EBITDA	189,3 k €	+206%	-178,9 k €	-2721%	-6,3 k €	+95.5%	-142,4 k €	-103%	4,6 M €	+14280%	32,2 k €	-40.9%	54,5 k €	+2.1%	53,4 k €	+579%	-11,1 k €	+13.6%	-12,9 k €	-178%	16,5 k €	+145%	6,7 k €	+176%	-8,8 k €	-166%	13,4 k €
Operating result	75,3 k €	+129%	-262,3 k €	-215%	-83,3 k €	+68.1%	-261 k €	-106%	4,6 M €	+189465%	2,4 k €	-93.7%	38,4 k €	+337%	-16,2 k €	-16.5%	-13,9 k €	+10.9%	-15,6 k €	-213%	13,8 k €	+214%	4,4 k €	+139%	-11,3 k €	-198%	11,4 k €
Net result	62,4 k €	-82.7%	362 k €	-32.2%	533,7 k €	-66.0%	1,6 M €	-62.3%	4,2 M €	+2100%	189,5 k €	-35.4%	293,1 k €	+1145%	23,5 k €	+52.7%	15,4 k €	-76.2%	64,7 k €	+24.7%	51,9 k €	+13.2%	45,9 k €	+349%	-18,4 k €	-1034%	2 k €
Balance sheet
Equity	7 M €	-3.1%	7,2 M €	+4.9%	6,9 M €	+8.2%	6,4 M €	+32.1%	4,8 M €	+597%	690,1 k €	+5.9%	651,5 k €	+81.8%	358,4 k €	+7.0%	334,9 k €	+4.8%	319,5 k €	+25.4%	254,8 k €	+25.6%	202,9 k €	+29.2%	157 k €	-10.5%	175,5 k €
Total assets	8,1 M €	-4.9%	8,5 M €	+6.4%	8 M €	+1.7%	7,8 M €	+24.4%	6,3 M €	+412%	1,2 M €	+4.4%	1,2 M €	+14.1%	1 M €	+73.4%	595,3 k €	+1.9%	584,1 k €	-0.9%	589,6 k €	+113%	277 k €	+2.9%	269,2 k €	-15.2%	317,6 k €
Cash	159,1 k €	-48.8%	310,8 k €	-68.0%	971,9 k €	-62.1%	2,6 M €	+6143%	41 k €	+159%	15,8 k €	+42.3%	11,1 k €	+47.2%	7,6 k €	-44.9%	13,7 k €	-0.5%	13,8 k €	-4.8%	14,5 k €	+5.9%	13,7 k €	+1935%	672,2 €		–
Debts	1 M €	-19.2%	1,3 M €	+15.4%	1,1 M €	-25.9%	1,5 M €	-0.3%	1,5 M €	+176%	537,5 k €	+5.3%	510,6 k €	-19.4%	633,3 k €	+144%	259,1 k €	-1.8%	263,8 k €	-21.0%	333,7 k €	+369%	71,2 k €	-32.8%	106 k €	-25.0%	141,2 k €
Other
Workforce	0,0 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 30/04/2025 · 2 active · 4 ended

Active mandates

Antoine Geerinckx

Director

Active

Severine Gevaert

Director

Active

Ended mandates

Severine Gevaert

Director · since 01 juillet 2015

Ended

Severine Gevaert

Manager · since 01 juillet 2015

Ended

Antione Geerinckx

Manager

Ended

Antoine Geerinckx

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
The Surf● Active	1004.539.720
Vereniging Van Mede-Eigenaars Residentie Akropolis Knokke-heist (Knokke) Zoutelaan 78● Active	0798.430.853

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	01/05/2024	01/05/2023	01/05/2022	01/05/2021	01/05/2020	01/05/2019
Closing of the financial year	30/04/2025	30/04/2024	30/04/2023	30/04/2022	30/04/2021	30/04/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/11/2025	25/11/2024	28/11/2023	28/11/2022	29/10/2021	19/10/2020
General meeting	31/10/2025	30/10/2024	31/10/2023	31/10/2022	30/09/2021	21/09/2020
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/04/2025	31/10/2025	24/11/2025	Dutch	PDF
Abridged model	30/04/2024	30/10/2024	25/11/2024	Dutch	PDF
Abridged model	30/04/2023	31/10/2023	28/11/2023	Dutch	PDF
Abridged model	30/04/2022	31/10/2022	28/11/2022	Dutch	PDF
Abridged model	30/04/2021	30/09/2021	29/10/2021	Dutch	PDF
Abridged model	30/04/2020	21/09/2020	19/10/2020	Dutch	PDF
Abridged model	30/04/2019	23/09/2019	16/10/2019	Dutch	PDF
Abridged model	30/04/2018	27/09/2018	25/10/2018	Dutch	PDF
Abridged model	30/04/2017	25/09/2017	29/09/2017	Dutch	PDF
Abridged model	30/04/2016	28/10/2016	09/11/2016	Dutch	PDF
Abridged model	30/04/2015	30/10/2015	03/11/2015	Dutch	PDF
Abridged model	30/04/2014	28/10/2014	13/11/2014	Dutch	PDF
Abridged model	30/04/2013	28/11/2013	29/11/2013	Dutch	PDF
Abridged model	30/04/2012	30/11/2012	30/11/2012	Dutch	PDF

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 30/04/2025 · 2 active · 4 ended

Active mandates

Antoine Geerinckx

Director

Active

Severine Gevaert

Director

Active

Ended mandates

Severine Gevaert

Director · since 01 juillet 2015

Ended

Severine Gevaert

Manager · since 01 juillet 2015

Ended

Antione Geerinckx

Manager

Ended

Antoine Geerinckx

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/06/2026
—
PDF
Registered office22/08/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/07/2019
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other31/01/2011
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 202562,4 k €↓
2024
Annual accounts 2024362 k €↓
2023
Annual accounts 2023533,7 k €↓
2022
Annual accounts 20221,6 M €↓
2021
Annual accounts 20214,2 M €↑
2020
Annual accounts 2020189,5 k €↓
2019
Annual accounts 2019293,1 k €↑
2018
Annual accounts 201823,5 k €↑
2017
Annual accounts 201715,4 k €↓
2016
Annual accounts 201664,7 k €↑
2015
Annual accounts 201551,9 k €↑
2014
Annual accounts 201445,9 k €↑
2013
Annual accounts 2013-18,4 k €↓
2012
Annual accounts 20122 k €
07/01/2011
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

AMARSE

Overview

What does AMARSE do?

Trend over 14 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