ACTIVE

MAVACO

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Financial year 2025 · closed on 30/06/2025

Net result

157,1 k €

-57.3% YoY

Gross margin

286,7 k €

+4.6% YoY

Equity

1,3 M €

+13.9% YoY

Workforce

0,0 ETP

What does MAVACO do?

MAVACO is a Private limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.615.877

Incorporation

16/12/2004

Legal form

Private limited company

Registered office

Veldstraat(Kor) 156
8500 Kortrijk · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	286,7 k €	+4.6%	274 k €	-9.7%	303,5 k €	+12.0%	270,8 k €	+96.8%	137,6 k €	-13.9%	159,8 k €	+12.6%	142 k €	+89.2%	75 k €	+2.4%	73,3 k €	-4.8%	77 k €	+0.1%	76,9 k €	-15.4%	90,9 k €	-7.2%	98 k €	-0.7%	98,7 k €	-10.1%	109,8 k €	+12.4%	97,7 k €
EBITDA	284,8 k €	+4.7%	272 k €	-9.8%	301,5 k €	+12.6%	267,8 k €	+98.2%	135,1 k €	-14.5%	158 k €	+12.6%	140,3 k €	+90.1%	73,8 k €	+2.1%	72,3 k €	-4.7%	75,9 k €	-0.1%	76 k €	-15.4%	89,9 k €	-7.4%	97,1 k €	-0.8%	97,8 k €	-10.3%	109 k €	+12.0%	97,3 k €
Operating result	275,8 k €	+4.9%	262,9 k €	-8.9%	288,5 k €	+13.2%	254,8 k €	+94.3%	131,2 k €	-14.9%	154 k €	+12.9%	136,4 k €	+173%	50 k €	-30.9%	72,3 k €	-4.7%	75,9 k €	-0.1%	76 k €	-15.4%	89,9 k €	-7.4%	97,1 k €	-0.8%	97,8 k €	-10.3%	109 k €	+12.0%	97,3 k €
Net result	157,1 k €	-57.3%	368 k €	+109%	176,5 k €	+14.1%	154,7 k €	+27.0%	121,8 k €	+74.4%	69,8 k €	+20.7%	57,9 k €	+1346%	-4,6 k €	-134%	13,8 k €	-22.9%	17,9 k €	-3.7%	18,6 k €	-36.2%	29,1 k €	+6.4%	27,4 k €	-29.9%	39,1 k €	-8.0%	42,5 k €	+26.1%	33,7 k €
Balance sheet
Equity	1,3 M €	+13.9%	1,1 M €	+48.5%	759,4 k €	+30.3%	582,9 k €	+9.3%	533,5 k €	+29.6%	411,6 k €	+20.4%	341,8 k €	+20.4%	283,9 k €	-1.6%	288,6 k €	-4.1%	301 k €	+6.3%	283,1 k €	+7.0%	264,5 k €	+12.4%	235,3 k €	+13.2%	207,9 k €	+23.2%	168,8 k €	+33.7%	126,3 k €
Total assets	2,9 M €	-2.8%	3 M €	+53.7%	1,9 M €	+4.8%	1,8 M €	-15.4%	2,2 M €	+3.4%	2,1 M €	+26.7%	1,7 M €	+7.1%	1,6 M €	+11.7%	1,4 M €	-3.1%	1,4 M €	+1.9%	1,4 M €	+1.0%	1,4 M €	-1.1%	1,4 M €	+39.3%	1 M €	-8.5%	1,1 M €	+5.4%	1 M €
Cash	141,3 k €	+346%	31,7 k €	-26.6%	43,2 k €	-67.4%	132,6 k €	+554%	20,3 k €		–		146 k €	+352%	32,3 k €	+19.4%	27,1 k €	-62.9%	73 k €	+55.3%	47 k €	+42.2%	33,1 k €	-28.8%	46,4 k €	+108%	22,3 k €	+37.2%	16,2 k €	+2652%	590 €
Debts	1,6 M €	-11.7%	1,8 M €	+55.0%	1,1 M €	-7.3%	1,2 M €	-23.6%	1,6 M €	-3.4%	1,7 M €	+27.3%	1,3 M €	+4.1%	1,3 M €	+15.2%	1,1 M €	-2.8%	1,1 M €	+0.8%	1,1 M €	-0.4%	1,1 M €	-3.7%	1,2 M €	+46.1%	803,3 k €	-14.2%	936,4 k €	+1.6%	922,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

Alexander Maroy

Director · since 09 décembre 2004

Active

Karolien Vanfleteren

Director · since 09 décembre 2004

Active

Ended mandates

Alexander Maroy

Manager

Ended

Karolien Vanfleteren

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Apotheek 't Hoge● Active	0421.338.801
APOTHEEK VERSTRAETE● Active	0432.663.055
Garreyn Sanitair & Verwarming● Active	0762.537.289
Vereniging van mede-eigenaars, Stad Kortrijk, hoek Veldstraat 156 - Leeuw Van Vlaanderenstraat 8-10 "Residentie Sint-Jan"● Active	0899.359.749

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/11/2025	23/12/2024	20/12/2023	21/12/2022	22/12/2021	16/12/2020
General meeting	19/11/2025	11/12/2024	15/11/2023	16/11/2022	17/11/2021	18/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	19/11/2025	27/11/2025	Dutch	PDF
Abridged model	30/06/2024	11/12/2024	23/12/2024	Dutch	PDF
Abridged model	30/06/2023	15/11/2023	20/12/2023	Dutch	PDF
Abridged model	30/06/2022	16/11/2022	21/12/2022	Dutch	PDF
Abridged model	30/06/2021	17/11/2021	22/12/2021	Dutch	PDF
Abridged model	30/06/2020	18/11/2020	16/12/2020	Dutch	PDF
Abridged model	30/06/2019	20/11/2019	19/12/2019	Dutch	PDF
Abridged model	30/06/2018	21/11/2018	14/12/2018	Dutch	PDF
Abridged model	30/06/2017	15/11/2017	21/12/2017	Dutch	PDF
Abridged model	30/06/2016	16/11/2016	14/12/2016	Dutch	PDF
Abridged model	30/06/2015	18/11/2015	16/12/2015	Dutch	PDF
Abridged model	30/06/2014	19/11/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	20/11/2013	12/12/2013	Dutch	PDF
Abridged model	30/06/2012	21/11/2012	18/12/2012	Dutch	PDF
Abridged model	30/06/2011	16/11/2011	09/12/2011	Dutch	PDF
Abridged model	30/06/2010	17/11/2010	10/12/2010	Dutch	PDF
Abridged model	30/06/2009	18/11/2009	07/12/2009	Dutch	PDF
Abridged model	30/06/2008	19/11/2008	04/12/2008	Dutch	PDF
Abridged model	30/06/2007	21/11/2007	07/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active · 2 ended

Active mandates

Alexander Maroy

Director · since 09 décembre 2004

Active

Karolien Vanfleteren

Director · since 09 décembre 2004

Active

Ended mandates

Alexander Maroy

Manager

Ended

Karolien Vanfleteren

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other28/12/2004
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 2025157,1 k €↓
2024
Annual accounts 2024368 k €↑
2023
Annual accounts 2023176,5 k €↑
2022
Annual accounts 2022154,7 k €↑
2018
Annual accounts 2018121,8 k €↑
2017
Annual accounts 201769,8 k €↑
2016
Annual accounts 201657,9 k €↑
2015
Annual accounts 2015-4,6 k €↓
2014
Annual accounts 201413,8 k €↓
2013
Annual accounts 201317,9 k €↓
2012
Annual accounts 201218,6 k €↓
2011
Annual accounts 201129,1 k €↑
2010
Annual accounts 201027,4 k €↓
2009
Annual accounts 200939,1 k €↓
2008
Annual accounts 200842,5 k €↑
2007
Annual accounts 200733,7 k €
16/12/2004
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

MAVACO

Overview

What does MAVACO do?

Trend over 16 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