ACTIVE

MESSIAEN

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Financial year 2025 · closed on 31/12/2025

Net result

276,9 k €

-24.6% YoY

Gross margin

559,8 k €

-26.5% YoY

Equity

1,7 M €

+11.3% YoY

Workforce

3,3 ETP

-29.8% YoY

What does MESSIAEN do?

MESSIAEN is a Public limited company incorporated in 1975. Its main activity is: Construction of buildings. Its registered office is in Gent. It employs on average 3,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.168.314

Incorporation

20/06/1975

Legal form

Public limited company

Registered office

Industrieweg 160
9030 Gent · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

3,3 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 77320Rental and leasing of construction and civil engineering machinery and equipment 77320Rental and leasing of construction and civil engineering machinery and equipment

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	559,8 k €	-26.5%	761,4 k €	-11.0%	855,4 k €	+28.5%	665,9 k €	+8.1%	615,9 k €	-22.5%	795,1 k €	+11.9%	710,6 k €	+8.0%	658,2 k €	+30.1%	506 k €	-33.2%	757,3 k €	+13.5%	667,5 k €	-7.0%	717,4 k €	+24.3%	577,1 k €	-15.1%	679,5 k €	+9.6%	619,9 k €	-15.1%	729,9 k €	-17.0%	879,5 k €	+255%	247,6 k €
EBITDA	348,2 k €	-20.1%	435,9 k €	-11.7%	493,9 k €	+39.9%	353,1 k €	+10.7%	319,1 k €	-10.0%	354,6 k €	+10.1%	322,2 k €	+20.1%	268,3 k €	+119%	122,3 k €	-39.0%	200,6 k €	+3773%	5,2 k €	-97.1%	178 k €	+214%	56,6 k €	-66.3%	168 k €	-3.7%	174,5 k €	-32.1%	256,9 k €	-40.6%	432,3 k €	+75.4%	246,5 k €
Operating result	306,2 k €	-16.8%	367,9 k €	-11.1%	413,7 k €	+57.5%	262,6 k €	+13.0%	232,5 k €	-4.7%	244,1 k €	-4.4%	255,3 k €	+12.5%	227 k €	+169%	84,5 k €	-48.9%	165,3 k €	+560%	25,1 k €	-76.7%	107,4 k €	+665%	-19 k €	-127%	70,5 k €	+27.7%	55,3 k €	-32.7%	82,1 k €	-19.7%	102,3 k €	+2501%	-4,3 k €
Net result	276,9 k €	-24.6%	367,2 k €	-5.1%	387,1 k €	+54.5%	250,5 k €	+16.0%	215,9 k €	+2.3%	211 k €	-3.3%	218,3 k €	+37.1%	159,2 k €	+143%	65,4 k €	-38.8%	106,9 k €	+411%	20,9 k €	-78.7%	98,4 k €	+3938%	-2,6 k €	-104%	67,7 k €	-67.7%	209,3 k €	+252%	59,5 k €	+5.3%	56,5 k €	+229%	-44 k €
Balance sheet
Equity	1,7 M €	+11.3%	1,6 M €	+2.8%	1,5 M €	+6.4%	1,4 M €	+2.1%	1,4 M €	+8.7%	1,3 M €	+10.6%	1,2 M €	+11.8%	1 M €	+12.3%	927,2 k €	+4.3%	888,8 k €	+7.1%	829,8 k €	+2.6%	808,9 k €	+13.8%	710,5 k €	-0.4%	713,1 k €	+10.5%	645,4 k €	+48.0%	436,1 k €	+15.8%	376,5 k €	+17.7%	320 k €
Total assets	2,3 M €	-0.9%	2,3 M €	-17.8%	2,9 M €	+31.9%	2,2 M €	+12.5%	1,9 M €	-12.1%	2,2 M €	+6.2%	2,1 M €	+18.3%	1,7 M €	+28.7%	1,4 M €	-12.7%	1,5 M €	+53.3%	1 M €	+0.1%	1 M €	+17.3%	860,1 k €	-12.1%	978,1 k €	+1.0%	968,4 k €	-8.7%	1,1 M €	-32.4%	1,6 M €	+45.9%	1,1 M €
Cash	1,5 M €	+1.3%	1,5 M €	+12.1%	1,3 M €	+47.0%	905,7 k €	+29.0%	702,3 k €	-14.4%	820,5 k €	-18.0%	1 M €	+14.3%	876 k €	+17.9%	743,1 k €	+14.7%	648 k €	+30.9%	495 k €	+46.8%	337,1 k €	+1848%	17,3 k €	-80.4%	88,2 k €	-21.3%	112,1 k €	+33.7%	83,8 k €	+135%	35,6 k €	+99.4%	17,9 k €
Debts	576,8 k €	-25.4%	773,6 k €	-40.6%	1,3 M €	+110%	620,4 k €	+28.9%	481,3 k €	-44.9%	873,4 k €	+6.0%	823,7 k €	+20.7%	682,4 k €	+68.8%	404,2 k €	-32.6%	599,6 k €	+238%	177,4 k €	-3.1%	183 k €	+22.4%	149,6 k €	-39.3%	246,3 k €	-19.0%	304,2 k €	-50.3%	612,4 k €	-48.0%	1,2 M €	+56.2%	754,2 k €
Other
Workforce	3,3 ETP	-29.8%	4,7 ETP	-2.1%	4,8 ETP	-2.0%	4,9 ETP	+11.4%	4,4 ETP	-33.3%	6,6 ETP	+8.2%	6,1 ETP	-14.1%	7,1 ETP	-23.7%	9,3 ETP	+13.4%	8,2 ETP	-12.8%	9,4 ETP	-6.0%	10,0 ETP	+4.2%	9,6 ETP	0.0%	9,6 ETP	+5.5%	9,1 ETP	0.0%	9,1 ETP	+9.6%	8,3 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 31/12/2025 · 2 active · 27 ended

Active mandates

Olivier Maes

Managing director · since 12 octobre 2025 · until 17 avril 2029

Active

Grégory Maes

Director · since 07 décembre 2023 · until 17 avril 2029

Active

Ended mandates

Niels Vermeers

Director · since 07 décembre 2023 · until 17 avril 2029

Ended

Olivier Maes

Director · since 07 décembre 2023 · until 17 avril 2029

Ended

VESTIMA

Managing director · since 07 décembre 2023 · until 17 avril 2029 · 0561.832.413

Represented by Christophe MAES

Ended

Grégory Maes

Director · since 16 avril 2019 · until 15 avril 2025

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP C. MAES● Active	0642.966.478
SOGIMA● Active	0427.965.285
VESTIMA● Active	0561.832.413

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	25/04/2025	05/06/2024	09/05/2023	11/05/2022	02/06/2021
General meeting	30/06/2026	15/04/2025	27/05/2024	06/05/2023	04/05/2022	18/05/2021
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	31/12/2025	30/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/04/2025	25/04/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/05/2023	09/05/2023	Dutch	PDF
Abridged model	31/12/2021	04/05/2022	11/05/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	02/06/2021	Dutch	PDF
Abridged model	31/12/2019	21/04/2020	27/04/2020	Dutch	PDF
Abridged model	31/12/2018	16/04/2019	23/04/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	12/06/2018	Dutch	PDF
Abridged model	31/12/2016	18/04/2017	27/04/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	21/04/2015	27/05/2015	Dutch	PDF
Abridged model	31/12/2013	15/04/2014	23/05/2014	Dutch	PDF
Abridged model	31/12/2012	16/04/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	17/04/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/04/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	20/04/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	21/04/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/04/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	17/04/2007	27/06/2007	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 31/12/2025 · 2 active · 27 ended

Active mandates

Olivier Maes

Managing director · since 12 octobre 2025 · until 17 avril 2029

Active

Grégory Maes

Director · since 07 décembre 2023 · until 17 avril 2029

Active

Ended mandates

Niels Vermeers

Director · since 07 décembre 2023 · until 17 avril 2029

Ended

Olivier Maes

Director · since 07 décembre 2023 · until 17 avril 2029

Ended

VESTIMA

Managing director · since 07 décembre 2023 · until 17 avril 2029 · 0561.832.413

Represented by Christophe MAES

Ended

Grégory Maes

Director · since 16 avril 2019 · until 15 avril 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other21/08/2026
WIJZIGING BESTUURSORGAAN - DELEGATIE VAN BEVOEGDHEDEN -
PDF
Mandates18/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/06/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other20/06/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/05/2013
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

2025
Annual accounts 2025276,9 k €↓
2024
Annual accounts 2024367,2 k €↓
2023
Annual accounts 2023387,1 k €↑
2022
Annual accounts 2022250,5 k €↑
2021
Annual accounts 2021215,9 k €↑
2019
Annual accounts 2019211 k €↓
2018
Annual accounts 2018218,3 k €↑
2017
Annual accounts 2017159,2 k €↑
2016
Annual accounts 201665,4 k €↓
2015
Annual accounts 2015106,9 k €↑
2014
Annual accounts 201420,9 k €↓
2013
Annual accounts 201398,4 k €↑
2012
Annual accounts 2012-2,6 k €↓
2011
Annual accounts 201167,7 k €↓
2010
Annual accounts 2010209,3 k €↑
2009
Annual accounts 200959,5 k €↑
2008
Annual accounts 200856,5 k €↑
2007
Annual accounts 2007-44 k €
20/06/1975
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

MESSIAEN

Overview

What does MESSIAEN 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