ACTIVE

MARAN

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Financial year 2026 · closed on 31/03/2026

Net result

213,6 k €

-0.3% YoY

Gross margin

568,8 k €

+9.7% YoY

Equity

2,6 M €

-35.8% YoY

What does MARAN do?

MARAN is a Public limited company incorporated in 2004. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.635.178

Incorporation

17/12/2004

Legal form

Public limited company

Registered office

Nijverheidslaan 45-47
8560 Wevelgem · FlandreSee on map

Contributed capital

559 264,83 €

Latest accounts

31/03/2026

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 74855Other professional, scientific and technical activities 82100Office administrative and support activities+1

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2026		2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	568,8 k €	+9.7%	518,5 k €	+3.1%	502,8 k €	+9.6%	458,8 k €	+7.7%	426,1 k €	+4.2%	409,1 k €	-13.8%	474,5 k €	+23.0%	385,7 k €	+8.8%	354,6 k €	-4.8%	372,3 k €	+4.2%	357,3 k €	+2152%	15,9 k €	-73.4%	59,6 k €	+54.9%	38,5 k €	-43.6%	68,2 k €	-19.7%	85 k €	+26.4%	67,2 k €	-19.9%	83,9 k €	+192%	28,7 k €
EBITDA	535,4 k €	+8.7%	492,4 k €	+3.0%	477,9 k €	+9.4%	436,9 k €	+7.9%	404,8 k €	+4.2%	388,6 k €	-9.0%	427,1 k €	+17.2%	364,3 k €	+3.8%	351 k €	-4.8%	368,5 k €	+4.9%	351,2 k €	+2922%	11,6 k €	-79.0%	55,3 k €	+58.7%	34,9 k €	-47.6%	66,5 k €	-20.1%	83,3 k €	+26.0%	66,1 k €	-20.1%	82,8 k €	+193%	28,3 k €
Operating result	299,8 k €	+8.0%	277,6 k €	+125%	123,1 k €	-34.9%	189,1 k €	-23.1%	245,8 k €	+8.9%	225,8 k €	+8.5%	208,1 k €	-1.1%	210,3 k €	+19.3%	176,3 k €	-13.0%	202,7 k €	+3.8%	195,3 k €	+687%	-33,2 k €	-222%	27,3 k €	+369%	5,8 k €	-87.8%	47,7 k €	-31.8%	69,9 k €	+31.9%	53 k €	+158%	20,5 k €	+193%	7 k €
Net result	213,6 k €	-0.3%	214,2 k €	+112%	101 k €	-36.3%	158,7 k €	-22.2%	203,8 k €	+52.9%	133,3 k €	+22.1%	109,2 k €	+7.6%	101,4 k €	+97.7%	51,3 k €	-64.2%	143,4 k €	+201%	-141,5 k €	-80102%	176,8 €	-97.3%	6,6 k €	+1368%	449,8 €	-91.4%	5,3 k €	-63.7%	14,5 k €	+8.8%	13,3 k €	+17.5%	11,3 k €	+206%	3,7 k €
Balance sheet
Equity	2,6 M €	-35.8%	4,1 M €	-2.1%	4,2 M €	-4.5%	4,4 M €	-2.0%	4,5 M €	+529%	710,4 k €	+23.1%	577,1 k €	+23.3%	467,9 k €	+27.7%	366,5 k €	+16.3%	315,2 k €	+83.5%	171,8 k €	-45.2%	313,2 k €	+0.1%	313 k €	+2.2%	306,4 k €	+0.1%	306 k €	+1.7%	300,7 k €	+5.1%	286,2 k €	+4.9%	272,9 k €	+4.3%	261,6 k €
Total assets	4,5 M €	-13.4%	5,2 M €	-2.8%	5,4 M €	+6.0%	5 M €	-2.1%	5,2 M €	+58.7%	3,3 M €	-14.0%	3,8 M €	-5.5%	4 M €	-7.3%	4,3 M €	-0.6%	4,3 M €	-2.7%	4,5 M €	-2.4%	4,6 M €	+67.1%	2,7 M €	+46.6%	1,9 M €	-1.2%	1,9 M €	+23.2%	1,5 M €	+4.3%	1,5 M €	+3.4%	1,4 M €	+118%	651,2 k €
Cash	285,3 k €	-64.4%	802,1 k €	+52.4%	526,5 k €	-13.0%	605 k €	-39.8%	1 M €	+351%	222,6 k €	-60.3%	560,8 k €	+495%	94,2 k €	-68.6%	299,9 k €	+69.1%	177,4 k €	-40.8%	299,5 k €	+483%	51,4 k €	-76.2%	216,4 k €	+6267%	3,4 k €	-93.9%	55,8 k €	-78.1%	254,6 k €	+21.3%	209,9 k €	+29.1%	162,6 k €	+348%	36,3 k €
Debts	1,9 M €	+69.1%	1,1 M €	-5.4%	1,2 M €	+75.3%	669,4 k €	-2.5%	686,5 k €	-72.7%	2,5 M €	-20.6%	3,2 M €	-9.3%	3,5 M €	-10.6%	3,9 M €	-2.9%	4 M €	-4.1%	4,2 M €	-1.3%	4,3 M €	+75.8%	2,4 M €	+55.3%	1,6 M €	-1.5%	1,6 M €	+28.4%	1,2 M €	+4.1%	1,2 M €	+3.1%	1,1 M €	+195%	389,6 k €

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 31/03/2026 · 1 active · 13 ended

Active mandates

PLAM

Director · since 24 juin 2019 · 0830.290.009

Represented by Lieven Spillebeen

Active

Ended mandates

André Spillebeen

Director · since 26 août 2016 · until 25 août 2022

Ended

PLAM

Managing director · since 26 août 2016 · until 25 août 2022 · 0830.290.009

Represented by Lieven Spillebeen

Ended

Lieven Spillebeen

Managing director · since 01 février 2015 · until 28 août 2016

Ended

André Spillebeen

Director

Ended

At this address

Other companies at this address

Company	CBE no.
MMSTREET● Active	0476.986.216
PLAM● Active	0830.290.009
SVM● Active	0842.060.562
VIBOL● Active	0459.210.470

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	21/09/2026	03/07/2025	30/09/2024	09/10/2023	28/10/2022	18/05/2021
General meeting	03/09/2026	01/07/2025	10/09/2024	22/09/2023	30/09/2022	05/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	03/09/2026	21/09/2026	Dutch	PDF
Abridged model	31/03/2025	01/07/2025	03/07/2025	Dutch	PDF
Abridged model	31/03/2024	10/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/03/2023	22/09/2023	09/10/2023	Dutch	PDF
Abridged model	31/03/2022	30/09/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	05/05/2021	18/05/2021	Dutch	PDF
Abridged model	31/03/2020	26/06/2020	06/07/2020	Dutch	PDF
Abridged model	31/03/2019	03/06/2019	06/06/2019	Dutch	PDF
Abridged model	31/03/2018	31/08/2018	18/09/2018	Dutch	PDF
Abridged model	31/03/2017	25/08/2017	18/09/2017	Dutch	PDF
Abridged model	31/03/2016	26/08/2016	28/09/2016	Dutch	PDF
Abridged model	31/03/2015	28/08/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	29/08/2014	24/09/2014	Dutch	PDF
Abridged model	31/03/2013	30/08/2013	26/09/2013	Dutch	PDF
Abridged model	31/03/2012	31/08/2012	05/09/2012	Dutch	PDF
Abridged model	31/03/2011	26/08/2011	06/09/2011	Dutch	PDF
Abridged model	31/03/2010	27/08/2010	14/09/2010	Dutch	PDF
Abridged model	31/03/2009	28/08/2009	08/09/2009	Dutch	PDF
Abridged model	31/03/2008	29/08/2008	15/09/2008	Dutch	PDF
Abridged model	31/03/2007	31/08/2007	06/09/2007	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 31/03/2026 · 1 active · 13 ended

Active mandates

PLAM

Director · since 24 juin 2019 · 0830.290.009

Represented by Lieven Spillebeen

Active

Ended mandates

André Spillebeen

Director · since 26 août 2016 · until 25 août 2022

Ended

PLAM

Managing director · since 26 août 2016 · until 25 août 2022 · 0830.290.009

Represented by Lieven Spillebeen

Ended

Lieven Spillebeen

Managing director · since 01 février 2015 · until 28 août 2016

Ended

André Spillebeen

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring16/04/2021
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/01/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/07/2019
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/04/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2010
ONTSLAGEN - BENOEMINGEN
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 2026213,6 k €↓
2025
Annual accounts 2025214,2 k €↑
2024
Annual accounts 2024101 k €↓
2023
Annual accounts 2023158,7 k €↓
2022
Annual accounts 2022203,8 k €↑
2020
Annual accounts 2020133,3 k €↑
2019
Annual accounts 2019109,2 k €↑
2018
Annual accounts 2018101,4 k €↑
2017
Annual accounts 201751,3 k €↓
2016
Annual accounts 2016143,4 k €↑
2015
Annual accounts 2015-141,5 k €↓
2014
Annual accounts 2014176,8 €↓
2013
Annual accounts 20136,6 k €↑
2012
Annual accounts 2012449,8 €↓
2011
Annual accounts 20115,3 k €↓
2010
Annual accounts 201014,5 k €↑
2009
Annual accounts 200913,3 k €↑
2008
Annual accounts 200811,3 k €↑
2007
Annual accounts 20073,7 k €
17/12/2004
IncorporationPublic 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

MARAN

Overview

What does MARAN do?

Trend over 19 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