Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MARVARK from Houthulst, company number BE0475365128, closed financial year 2025 with a result of € -82,888 after tax. For that financial year MARVARK recorded a gross margin of € -79,934 and equity of € -138,546. Compared with financial year 2024, the result moved from € 9,139 to € -82,888. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ -138,546
▲ € 110,074 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -82,888
▼ still € 9,139 profit in 2024
Profit after tax over the fiscal year.
€ 28,013
▲ € 27,866 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -368,708.
Debts at end 2025
€ 6,706
▼ 88% vs 2024
Loans from banks and other lenders, long and short.
€ 537,145
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -22,551 | € -28,218 | € 13,160 | € -79,934 | ▼ € 93,095 |
| Profit after taxes | € -26,955 | € -32,869 | € 9,139 | € -82,888 | ▼ € 92,027 |
| Equity | € -224,889 | € -257,758 | € -248,619 | € -138,546 | ▲ € 110,074 |
| Total debts | € 400,307 | € 461,040 | € 460,805 | € 544,021 | ▲ 18% |
| Cash | € 6,167 | € 45,973 | € 147 | € 28,013 | ▲ € 27,866 |
| Land & buildings | € 14,316 | € 14,316 | € 14,316 | € 207,278 | ▲ € 192,962 |
| Retained profit | € -262,089 | € -294,958 | € -285,819 | € -368,708 | ▼ € 82,888 |
| Bank debt | € 145,477 | € 112,065 | € 55,809 | € 6,706 | ▼ 88% |
| Balance sheet total | € 175,419 | € 203,281 | € 212,186 | € 405,475 | ▲ 91% |
Key figures of MARVARK, 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 April 2027.
What happened to MARVARK?
What happened at MARVARK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 82,888 (▼ € 92,027 vs 2024). Source: NBB ↗
- New establishment in Zonnebeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,955 loss in 2022 to € 82,888 loss in 2025.
Best year ever: 2024, with € 9,139 profit.
Management
Behind MARVARK are Jean Pierre Hillewaere and Noël Hillewaere. Jean Pierre Hillewaere is also behind FRILIN.
Directors
According to the 2025 annual accounts
Noël Hillewaere
Director
Establishments
Establishment units
Physical locations of this company
Esenstraat 18
8650 Houthulst
's Graventafelstraat 42
8980 Zonnebeke
Active since 5 February 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.365.128
- VAT number
- BE 0475.365.128
- Registered office
- Esenstraat 18, 8650 Houthulst
- Names & denominations
- MARVARK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 July 2001
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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