ACTIVE

MARCABEL

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Financial year 2026 · closed on 31/03/2026

Net result

9,3 M €

+1352.8% YoY

Gross margin

7,2 M €

+4900.2% YoY

Equity

12,5 M €

+261.4% YoY

Workforce

0,0 ETP

What does MARCABEL do?

MARCABEL is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Sint-Katelijne-Waver.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0833.927.311

Incorporation

17/02/2011

Legal form

Private limited company

Registered office

Drevendaal 40
2860 Sint-Katelijne-Waver · FlandreSee on map

Contributed capital

767 267,00 €

Latest accounts

31/03/2026

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

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

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012
Income statement
Gross margin	7,2 M €	+4900%	143,4 k €	+22.4%	117,2 k €	-1.6%	119,1 k €	-3.3%	123,2 k €	+7.0%	115,1 k €	-2.7%	118,3 k €	+2.2%	115,8 k €	+62.2%	71,4 k €	+28.1%	55,7 k €	-26.0%	75,4 k €	-53.5%	162 k €	+1075%	13,8 k €	-84.1%	86,8 k €
EBITDA	7,2 M €	+4951%	142 k €	+21.4%	116,9 k €	+70.2%	68,7 k €	-44.1%	122,8 k €	+6.9%	114,8 k €	-2.7%	118 k €	+2.2%	115,5 k €	+25.6%	92 k €	+82.6%	50,4 k €	-10.8%	56,4 k €	-65.0%	161,3 k €	+1151%	12,9 k €	-85.0%	85,8 k €
Operating result	7,2 M €	+4951%	142 k €	+21.4%	116,9 k €	+70.2%	68,7 k €	-43.8%	122,3 k €	+7.9%	113,4 k €	-2.7%	116,5 k €	+2.2%	114,1 k €	+26.0%	90,5 k €	+85.3%	48,8 k €	-10.9%	54,8 k €	-65.6%	159,2 k €	+1489%	10 k €	-87.6%	81 k €
Net result	9,3 M €	+1353%	638 k €	+31.4%	485,7 k €	+57.0%	309,3 k €	-50.2%	621,4 k €	+1075%	52,9 k €	-85.3%	360,2 k €	+122%	162,5 k €	-64.5%	457,9 k €	+1422%	30,1 k €	-12.8%	34,5 k €	-67.2%	105,2 k €	+1705%	5,8 k €	-88.7%	51,5 k €
Balance sheet
Equity	12,5 M €	+261%	3,4 M €	+18.5%	2,9 M €	+8.6%	2,7 M €	+4.3%	2,6 M €	+31.9%	2 M €	+2.8%	1,9 M €	+23.4%	1,5 M €	+10.2%	1,4 M €	+570%	208,3 k €	+25.6%	165,8 k €	+26.3%	131,3 k €	+401%	26,2 k €	+26.8%	20,7 k €
Total assets	13,7 M €	+263%	3,8 M €	+19.4%	3,2 M €	+16.4%	2,7 M €	+2.8%	2,6 M €	+11.9%	2,4 M €	-2.2%	2,4 M €	+0.7%	2,4 M €	-1.6%	2,4 M €	+788%	273,9 k €	+31.3%	208,6 k €	-5.8%	221,3 k €	+258%	61,9 k €	-32.8%	92,1 k €
Cash	11 M €	+660%	1,4 M €	+137%	609,4 k €	+58.4%	384,7 k €	+249%	110,1 k €	+292%	28,1 k €	-54.3%	61,4 k €	-0.6%	61,7 k €	-37.2%	98,3 k €	-56.7%	226,9 k €	+33.6%	169,8 k €	+253%	48,1 k €	+23.4%	39 k €	-44.9%	70,7 k €
Debts	1,2 M €	+279%	322,2 k €	+30.8%	246,2 k €	+665%	32,2 k €	-51.9%	66,9 k €	-83.6%	407,9 k €	-20.6%	513,8 k €	-40.0%	856,5 k €	-17.4%	1 M €	+2336%	42,6 k €	+71.8%	24,8 k €	-72.5%	90,1 k €	+152%	35,7 k €	-50.0%	71,4 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 5 ended

Active mandates

Edward Belloy

Director

Active

Ended mandates

Anne Flies

Associate · since 01 octobre 2017

Ended

Edward BELLOY

Manager · since 22 février 2011

Ended

Edward Belloy

Director · since 17 février 2011

Ended

Edward Belloy

Manager · since 17 février 2011

Ended

At this address

Other companies at this address

Company	CBE no.
Belloy Elektrotechniek● Active	0407.083.759

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/09/2026	18/09/2025	19/09/2024	18/10/2023	25/10/2022	30/09/2021
General meeting	03/09/2026	04/09/2025	05/09/2024	07/09/2023	01/09/2022	02/09/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	03/09/2026	09/09/2026	Dutch	PDF
Abridged model	31/03/2025	04/09/2025	18/09/2025	Dutch	PDF
Abridged model	31/03/2024	05/09/2024	19/09/2024	Dutch	PDF
Abridged model	31/03/2023	07/09/2023	18/10/2023	Dutch	PDF
Abridged model	31/03/2022	01/09/2022	25/10/2022	Dutch	PDF
Abridged model	31/03/2021	02/09/2021	30/09/2021	Dutch	PDF
Abridged model	31/03/2020	03/09/2020	08/09/2020	Dutch	PDF
Micro model	31/03/2019	05/09/2019	06/09/2019	Dutch	PDF
Abridged model	31/03/2018	06/09/2018	24/10/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	09/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	25/04/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	15/04/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/03/2026 · 1 active · 5 ended

Active mandates

Edward Belloy

Director

Active

Ended mandates

Anne Flies

Associate · since 01 octobre 2017

Ended

Edward BELLOY

Manager · since 22 février 2011

Ended

Edward Belloy

Director · since 17 février 2011

Ended

Edward Belloy

Manager · since 17 février 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other30/10/2017
BOEKJAAR
PDF
Restructuring20/09/2017
FUSIE
PDF
Restructuring28/06/2017
Fuslevoorstel - Fusie door overneming.
PDF
Capital / shares20/02/2017
Kapitaalverhoging
PDF
Other04/03/2011
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

2026
Annual accounts 20269,3 M €↑
2025
Annual accounts 2025638 k €↑
2024
Annual accounts 2024485,7 k €↑
2023
Annual accounts 2023309,3 k €↓
2022
Annual accounts 2022621,4 k €↑
2021
Annual accounts 202152,9 k €↓
2020
Annual accounts 2020360,2 k €↑
2019
Annual accounts 2019162,5 k €↓
2018
Annual accounts 2018457,9 k €↑
2016
Annual accounts 201630,1 k €↓
2015
Annual accounts 201534,5 k €↓
2014
Annual accounts 2014105,2 k €↑
2013
Annual accounts 20135,8 k €↓
2012
Annual accounts 201251,5 k €
17/02/2011
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

MARCABEL

Overview

What does MARCABEL 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