Financials
Financial year 2025
MARES ELEKTRICITEITSWERKEN from Oostende, company number BE0460713277, closed financial year 2025 with a result of € 17,045 after tax. For that financial year MARES ELEKTRICITEITSWERKEN recorded a gross margin of € 351,319 and equity of € 175,981. Compared with financial year 2024, the result moved from € -932 to € 17,045. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 4, 2025.
€ 175,981
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,045
▲ still € 932 loss in 2024
Profit after tax over the fiscal year.
€ 204,038
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 135,061.
People and assets in 2025
5
Average over the fiscal year, from the social balance sheet.
€ 304,350
▲ 5% vs 2024
€ 60,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 23,477
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 334,710
▲ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,559
▼ 85% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 408,830 | € 311,739 | € 309,693 | € 351,319 | ▲ 13% |
| Profit after taxes | € 3,704 | € 3,336 | € -932 | € 17,045 | ▲ € 17,977 |
| Equity | € 156,532 | € 159,868 | € 158,936 | € 175,981 | ▲ 11% |
| Total debts | € 275,240 | € 273,062 | € 533,035 | € 488,268 | ▼ 8% |
| Cash | € 135,474 | € 168,088 | € 196,677 | € 204,038 | ▲ 4% |
| Land & buildings | € 3,341 | - | - | - | |
| Retained profit | € 119,332 | € 122,668 | € 121,736 | € 135,061 | ▲ 11% |
| Balance sheet total | € 433,073 | € 433,580 | € 691,971 | € 664,249 | ▼ 4% |
| Employees (FTE) | 6.9 | 5.1 | 5 | 5 |
Key figures of MARES ELEKTRICITEITSWERKEN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MARES ELEKTRICITEITSWERKEN?
What happened at MARES ELEKTRICITEITSWERKEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,045. Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,704 profit in 2022 to € 17,045 profit in 2025.
Paid € 21,851 in corporate taxes since 2022.
Best year ever: 2025, with € 17,045 profit.
On average € 70,300 of value added per employee in 2025.
A new publication or filing at MARES ELEKTRICITEITSWERKEN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MARES ELEKTRICITEITSWERKEN are Chris Mares and Tom Mares.
Directors
According to the 2025 annual accounts
Chris Mares
Manager
Tom Mares
Manager
Establishments
Establishment units
Physical locations of this company
Voorhavenlaan 39
8400 Oostende
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.713.277
- VAT number
- BE 0460.713.277
- Registered office
- Voorhavenlaan 39, 8400 Oostende
- Names & denominations
- MARES ELEKTRICITEITSWERKEN · MARES ELEKTRICITEIT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 1997
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Elektrische installatie
Overige werkzaamheden in verband met de afwerking van gebouwen
Overige bouwinstallatie
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie
Overige bouwinstallatie, n.e.g.