ACTIVE

M & S

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Financial year 2025 · Closed on 31/12/2025

Net result23,9 k €+35,9 %over 1 year

Gross margin96,6 k €+14,4 %over 1 year

Equity546,8 k €+4,6 %over 1 year

Identity

Source · BCE/KBO

M & S is a Public limited company incorporated in 1980. Its registered office is in Waregem.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.096.497
Incorporation: 10/12/1980
Legal form: Public limited company
Registered office: Stationsstraat 30 box 1
8790 Waregem · FlandreSee on map
Contributed capital: 208 230,56 €
Latest accounts: 31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	96,6 k €	+14.4%	84,4 k €	-7.1%	90,8 k €	+14.3%	79,5 k €	-11.0%	89,3 k €
EBITDA	86,2 k €	+16.3%	74,1 k €	-8.3%	80,8 k €	+14.7%	70,4 k €	-12.4%	80,4 k €
Operating result	64 k €	+23.3%	51,9 k €	-11.4%	58,6 k €	+21.5%	48,3 k €	-17.2%	58,3 k €
Net result	23,9 k €	+35.9%	17,6 k €	-31.6%	25,7 k €	+19.1%	21,6 k €	-24.6%	28,7 k €
Balance sheet
Equity	546,8 k €	+4.6%	522,9 k €	+3.5%	505,3 k €	+5.4%	479,6 k €	+4.7%	457,9 k €
Total assets	1,2 M €	+2.8%	1,2 M €	+2.9%	1,1 M €	+4.5%	1,1 M €	+2.7%	1,1 M €
Cash	128,6 k €	-59.6%	318,5 k €	+596%	45,7 k €	-76.5%	194,8 k €	+35.0%	144,3 k €
Debts	667,8 k €	+1.5%	658,2 k €	+2.5%	641,9 k €	+3.8%	618,3 k €	+1.3%	610,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gladys Corbanie	Director09/05/2015 → 08/05/2027Chairman of the board of directors08/05/2021 → 2023 accountsended
Mike Fraeye	Director09/05/2015 → 08/05/2027
Stephen Fraeye	Director09/05/2015 → 08/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gladys (AV 2009) Corbanie	Managing director2007 accounts
Gladys (AV 2015) Corbanie	Managing director2012 accounts
Gladys Corbanie (AV 2015)	Managing director2013 accounts
Gladys Corbanie (AV 2021)	Managing director2019 accounts

Other companies at this address

Stationsstraat 30 8790 Waregem

Company	CBE no.
Vereniging van mede-eigenaars van het Gebouw Residentie Take Five● Active	0822.490.714

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	09/06/2026	10/06/2025	25/06/2024	30/06/2023	14/06/2022	07/06/2021
General meeting	09/05/2026	10/05/2025	25/05/2024	10/06/2023	14/05/2022	08/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/05/2026	09/06/2026	Dutch	PDF
Micro model	31/12/2024	10/05/2025	10/06/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	25/06/2024	Dutch	PDF
Micro model	31/12/2022	10/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	14/05/2022	14/06/2022	Dutch	PDF
Micro model	31/12/2020	08/05/2021	07/06/2021	Dutch	PDF
Micro model	31/12/2019	09/05/2020	16/06/2020	Dutch	PDF
Micro model	31/12/2018	11/05/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	12/05/2018	22/08/2018	Dutch	PDF
Micro model	31/12/2016	13/05/2017	13/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	10/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	04/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/05/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	24/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gladys Corbanie	Director09/05/2015 → 08/05/2027Chairman of the board of directors08/05/2021 → 2023 accountsended
Mike Fraeye	Director09/05/2015 → 08/05/2027
Stephen Fraeye	Director09/05/2015 → 08/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gladys (AV 2009) Corbanie	Managing director2007 accounts
Gladys (AV 2015) Corbanie	Managing director2012 accounts
Gladys Corbanie (AV 2015)	Managing director2013 accounts
Gladys Corbanie (AV 2021)	Managing director2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2015
(HER)BENOEMING BESTUURDERS, GEDELEGEERD BESTUURDER EN
PDF
Registered office21/02/2012
VERPLAATSING MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/08/2009
HERBENOEMING BESTUURDERS
PDF
Mandates06/12/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/04/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other27/04/2005
DIVERSEN
PDF
Mandates04/07/2003
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Gladys Corbanie

Mike Fraeye

Stephen Fraeye

Stephen Fraeye (AV 2015)

Stephen Fraeye (AV 2021)

Stephen (AV 2009) Fraeye

Mike Fraeye (AV 2021)

Stephen (AV 2021) Fraeye

Mike (AV 2015) Fraeye

Gladys (AV 2015) Corbanie

Mike (AV 2021) Frareye

Gladys Corbanie (AV 2015)

Show the 6 other mandates

198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

M & S

Stationsstraat 30 bte 1, 8790 WaregemStationsstraat 30/1, 8790 Waregem

DirectorChairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Stationsstraat 30 bte 1, 8790 WaregemCurrent	accounts 2025	Accounts 2025 · 2026-00149385
Stationsstraat 30/1, 8790 Waregem	accounts 2021 → 2024	Accounts 2024 · 2025-00136014

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
M & SCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00149385

Events

2025
Annual accounts 202523,9 k €↑
2024
Annual accounts 202417,6 k €↓
2023
Annual accounts 202325,7 k €↑
2022
Annual accounts 202221,6 k €↓
2021
Annual accounts 202128,7 k €↓
2019
Annual accounts 201937,8 k €↑
2018
Annual accounts 20185,5 k €↓
2017
Annual accounts 201712,3 k €↓
2016
Annual accounts 201625 k €↑
2015
Annual accounts 201517,1 k €↑
2014
Annual accounts 2014-14,5 k €↓
2013
Annual accounts 201321,4 k €↓
2012
Annual accounts 201227,3 k €↑
2011
Annual accounts 201122,1 k €↑
2010
Annual accounts 2010-21,7 k €↓
2009
Annual accounts 2009-12,6 k €↓
2008
Annual accounts 20089,4 k €↑
2007
Annual accounts 20076,9 k €↑
2006
Annual accounts 20062,6 k €
10/12/1980
IncorporationPublic limited company

M & S

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events