ACTIVE

MAREL

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Financial year 2025 · closed on 31/03/2025

Net result

323,5 k €

+94.3% YoY

Gross margin

1,3 M €

+116.0% YoY

Equity

1,3 M €

+32.2% YoY

Workforce

1,3 ETP

+30.0% YoY

What does MAREL do?

MAREL is a Private limited company incorporated in 2004. Its main activity is: Plant propagation. Its registered office is in Diksmuide. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.365.011

Incorporation

18/05/2004

Legal form

Private limited company

Registered office

Bien Acquisstraat 2
8600 Diksmuide · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/03/2025

Average workforce

1,3 ETP

Activities (NACE)

01300Plant propagation· main 01500Mixed farming 01500Mixed farming 01232Growing of citrus fruits 01462Raising of swine/pigs 01462Raising of swine/pigs+3

Joint committees (2)

144
14400

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	+116%	596,8 k €	+38.9%	429,6 k €	+17.2%	366,5 k €	-36.6%	578 k €	+67.4%	345,2 k €	+74.9%	197,4 k €	-33.5%	297 k €	+163%	112,7 k €	-47.2%	213,5 k €	+2.1%	209,2 k €	-13.6%	242,2 k €	-14.7%	283,8 k €	+17.1%	242,3 k €	-5.3%	255,9 k €	+0.7%	254,2 k €	+51.9%	167,3 k €	+25.3%	133,5 k €
EBITDA	1,2 M €	+111%	558 k €	+44.4%	386,3 k €	+18.2%	326,8 k €	-37.8%	525,6 k €	+84.6%	284,8 k €	+74.3%	163,4 k €	-39.1%	268,1 k €	+235%	80 k €	-55.9%	181,5 k €	+3.7%	175,1 k €	-17.0%	211 k €	-19.5%	262 k €	+11.0%	236 k €	-3.2%	243,9 k €	-1.9%	248,8 k €	+53.0%	162,6 k €	+25.4%	129,7 k €
Operating result	601,1 k €	+163%	228,5 k €	+235%	68,2 k €	-66.1%	201,4 k €	-23.9%	264,6 k €	+129%	115,7 k €	+294%	29,3 k €	-76.2%	123,1 k €	+286%	-66,3 k €	-311%	31,4 k €	+109%	15 k €	-76.5%	63,9 k €	+2.0%	62,6 k €	+29.9%	48,2 k €	-30.0%	68,9 k €	-5.0%	72,6 k €	+441%	13,4 k €	-76.9%	58 k €
Net result	323,5 k €	+94.3%	166,5 k €	+288%	42,9 k €	-74.4%	167,6 k €	-24.6%	222,3 k €	+123%	99,5 k €	+385%	20,5 k €	-80.0%	102,5 k €	+229%	-79,4 k €	-2107%	4 k €	+130%	-13,4 k €	-158%	23 k €	+7.3%	21,4 k €	+465%	3,8 k €	-72.4%	13,7 k €	-67.2%	41,9 k €	+299%	-21,1 k €	-164%	33 k €
Balance sheet
Equity	1,3 M €	+32.2%	1 M €	+19.7%	839 k €	+5.2%	797,4 k €	+26.3%	631,2 k €	+53.8%	410,4 k €	+31.4%	312,3 k €	+6.5%	293,2 k €	+52.7%	192 k €	-29.6%	272,8 k €	+0.9%	270,3 k €	-5.2%	285,1 k €	+8.2%	263,5 k €	+8.2%	243,5 k €	+1.0%	241,1 k €	+5.4%	228,8 k €	+21.5%	188,3 k €	-10.7%	210,9 k €
Total assets	4,2 M €	-17.8%	5,1 M €	+16.0%	4,4 M €	-4.0%	4,6 M €	+8.3%	4,2 M €	+36.6%	3,1 M €	+99.3%	1,6 M €	+16.1%	1,3 M €	-10.7%	1,5 M €	-8.5%	1,6 M €	-6.1%	1,7 M €	+3.6%	1,7 M €	+4.1%	1,6 M €	-0.3%	1,6 M €	-0.7%	1,6 M €	+9.1%	1,5 M €	-5.0%	1,6 M €	+32.9%	1,2 M €
Cash	44,8 k €	-48.5%	86,9 k €	+21.7%	71,4 k €	-14.6%	83,5 k €	-57.8%	198 k €	+320%	47,1 k €	-52.5%	99,2 k €	+35.3%	73,3 k €	+184%	25,8 k €	-77.3%	114 k €	+8.7%	104,9 k €	-41.9%	180,6 k €	+62.5%	111,2 k €	+353%	24,6 k €	-77.8%	110,6 k €	+14.7%	96,4 k €		–		200 k €
Debts	2,9 M €	-30.4%	4,1 M €	+15.1%	3,6 M €	-5.8%	3,8 M €	+5.2%	3,6 M €	+36.9%	2,6 M €	+122%	1,2 M €	+19.7%	989,5 k €	-21.1%	1,3 M €	-4.7%	1,3 M €	-8.0%	1,4 M €	+8.8%	1,3 M €	+0.9%	1,3 M €	-3.4%	1,3 M €	-1.3%	1,4 M €	+9.8%	1,2 M €	-8.5%	1,4 M €	+42.3%	955,1 k €
Other
Workforce	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	-38.5%	1,3 ETP	+18.2%	1,1 ETP	-15.4%	1,3 ETP	+8.3%	1,2 ETP	+50.0%	0,8 ETP	-11.1%	0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	+60.0%	0,5 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 31/03/2025 · 1 active · 5 ended

Active mandates

Els DESMEDT

Director

Active

Ended mandates

Els DESMEDT

Manager · since 01 janvier 2008

Ended

ELS DESMEDT

Director · since 01 janvier 2008

Ended

RAPHAEL HUYGHE

Manager · since 18 mai 2004 · until 01 janvier 2008

Ended

RAPHAEL HUYGHE

Manager · since 18 mai 2004

Ended

At this address

Other companies at this address

Company	CBE no.
Bien Acquis 1339● Active	0635.622.588

Annual accounts

Full financial information

	2025	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018
Closing of the financial year	31/03/2025	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019
Length of the financial year	21 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	18/12/2023	27/12/2022	16/12/2021	10/12/2020	28/01/2020
General meeting	20/09/2025	12/12/2023	13/12/2022	14/12/2021	08/12/2020	10/12/2019
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	20/09/2025	29/09/2025	Dutch	PDF
Abridged model	30/06/2023	12/12/2023	18/12/2023	Dutch	PDF
Abridged model	30/06/2022	13/12/2022	27/12/2022	Dutch	PDF
Abridged model	30/06/2021	14/12/2021	16/12/2021	Dutch	PDF
Abridged model	30/06/2020	08/12/2020	10/12/2020	Dutch	PDF
Abridged model	30/06/2019	10/12/2019	28/01/2020	Dutch	PDF
Abridged model	30/06/2018	11/12/2018	07/01/2019	Dutch	PDF
Abridged model	30/06/2017	12/12/2017	18/12/2017	Dutch	PDF
Abridged model	30/06/2016	13/12/2016	28/12/2016	Dutch	PDF
Abridged model	30/06/2015	08/12/2015	06/01/2016	Dutch	PDF
Abridged model	30/06/2014	09/12/2014	28/01/2015	Dutch	PDF
Abridged model	30/06/2013	10/12/2013	31/12/2013	Dutch	PDF
Abridged model	30/06/2012	13/12/2012	02/01/2013	Dutch	PDF
Abridged model	30/06/2011	13/12/2011	07/02/2012	Dutch	PDF
Abridged model	30/06/2010	09/12/2010	04/02/2011	Dutch	PDF
Abridged model	30/06/2009	08/12/2009	04/01/2010	Dutch	PDF
Abridged model	30/06/2008	11/12/2008	22/12/2008	Dutch	PDF
Abridged model	30/06/2007	13/12/2007	27/12/2007	Dutch	PDF
Abridged model	30/06/2006	14/12/2006	03/01/2007	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 31/03/2025 · 1 active · 5 ended

Active mandates

Els DESMEDT

Director

Active

Ended mandates

Els DESMEDT

Manager · since 01 janvier 2008

Ended

ELS DESMEDT

Director · since 01 janvier 2008

Ended

RAPHAEL HUYGHE

Manager · since 18 mai 2004 · until 01 janvier 2008

Ended

RAPHAEL HUYGHE

Manager · since 18 mai 2004

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other27/05/2024
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates14/08/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/05/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/02/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other27/02/2006
DIVERSEN
PDF
Other01/06/2004
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 2025323,5 k €↑
2023
Annual accounts 2023166,5 k €↑
2022
Annual accounts 202242,9 k €↓
2021
Annual accounts 2021167,6 k €↓
2020
Annual accounts 2020222,3 k €↑
2019
Annual accounts 201999,5 k €↑
2018
Annual accounts 201820,5 k €↓
2017
Annual accounts 2017102,5 k €↑
2016
Annual accounts 2016-79,4 k €↓
2015
Annual accounts 20154 k €↑
2014
Annual accounts 2014-13,4 k €↓
2013
Annual accounts 201323 k €↑
2012
Annual accounts 201221,4 k €↑
2011
Annual accounts 20113,8 k €↓
2010
Annual accounts 201013,7 k €↓
2009
Annual accounts 200941,9 k €↑
2008
Annual accounts 2008-21,1 k €↓
2007
Annual accounts 200733 k €
18/05/2004
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

MAREL

Overview

What does MAREL do?

Trend over 18 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