M & S
0421.096.497 · rovalta.com · 23/09/2026
ACTIVE
M & S
Financial year 2025 · closed on 31/12/2025
Net result
23,9 k €
+35.9% YoY
Gross margin
96,6 k €
+14.4% YoY
Equity
546,8 k €
+4.6% YoY
Overview
What does M & S do?
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
8790 Waregem · FlandreSee on map
Contributed capital
208 230,56 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 € | -8.5% | 97,6 k € | +90.4% | 51,3 k € | -20.4% | 64,4 k € | -21.0% | 81,6 k € | +24.6% | 65,5 k € | +88.5% | 34,7 k € | -59.1% | 85 k € | +0.8% | 84,4 k € | +21.9% | 69,2 k € | +711% | 8,5 k € | -40.4% | 14,3 k € | -16.5% | 17,1 k € | +6.8% | 16,1 k € | +28.9% | 12,5 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 € | -10.9% | 90,2 k € | +105% | 44 k € | -23.2% | 57,3 k € | -23.2% | 74,6 k € | +27.5% | 58,5 k € | +111% | 27,8 k € | -64.5% | 78,1 k € | +5.2% | 74,2 k € | +12.3% | 66,1 k € | +1008% | 6 k € | -48.7% | 11,6 k € | -18.8% | 14,3 k € | +6.2% | 13,5 k € | +57.0% | 8,6 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 € | -15.5% | 69 k € | +203% | 22,7 k € | -30.5% | 32,7 k € | -35.7% | 50,9 k € | +46.2% | 34,8 k € | +747% | 4,1 k € | -92.4% | 54,3 k € | +7.8% | 50,4 k € | +19.3% | 42,2 k € | +371% | -15,6 k € | -1057% | -1,3 k € | -119% | 7,2 k € | +16.6% | 6,2 k € | +738% | 735,8 € |
| 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 € | -24.2% | 37,8 k € | +582% | 5,5 k € | -55.0% | 12,3 k € | -50.8% | 25 k € | +45.9% | 17,1 k € | +218% | -14,5 k € | -168% | 21,4 k € | -21.6% | 27,3 k € | +23.7% | 22,1 k € | +202% | -21,7 k € | -71.9% | -12,6 k € | -234% | 9,4 k € | +36.0% | 6,9 k € | +166% | 2,6 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 € | +13.1% | 405 k € | +10.3% | 367,2 k € | +1.5% | 361,6 k € | +3.5% | 349,3 k € | +7.7% | 324,3 k € | +5.6% | 307,2 k € | -4.5% | 321,7 k € | +7.1% | 300,2 k € | +10.0% | 272,9 k € | +8.8% | 250,8 k € | -8.0% | 272,5 k € | -4.4% | 285,1 k € | +3.4% | 275,7 k € | +2.6% | 268,8 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 € | +2.3% | 1 M € | +2.2% | 1 M € | -2.4% | 1 M € | -1.8% | 1,1 M € | -1.9% | 1,1 M € | -1.3% | 1,1 M € | -4.2% | 1,1 M € | -0.2% | 1,1 M € | -1.6% | 1,2 M € | +4.1% | 1,1 M € | +77.0% | 634,5 k € | +117% | 292,5 k € | +0.3% | 291,5 k € | -0.7% | 293,4 k € |
| Cash | 128,6 k € | -59.6% | 318,5 k € | +596% | 45,7 k € | -76.5% | 194,8 k € | +35.0% | 144,3 k € | +70.2% | 84,8 k € | +120% | 38,5 k € | -8.2% | 41,9 k € | +38.6% | 30,3 k € | -8.3% | 33 k € | +41.5% | 23,3 k € | -51.2% | 47,8 k € | +146% | 19,4 k € | -9.4% | 21,5 k € | -31.9% | 31,5 k € | +152% | 12,5 k € | -84.2% | 78,9 k € | +7.3% | 73,5 k € | +1877% | 3,7 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 € | -4.5% | 639,2 k € | -2.3% | 654,1 k € | -4.4% | 684,4 k € | -2.6% | 702,8 k € | -3.6% | 729,1 k € | -5.8% | 774,2 k € | -4.1% | 807,4 k € | -3.5% | 836,5 k € | -5.3% | 883 k € | +2.5% | 861,8 k € | +146% | 350,9 k € | +4747% | 7,2 k € | -54.0% | 15,7 k € | -35.6% | 24,4 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 21 ended
Active mandates
Gladys Corbanie
ActiveMike Fraeye
ActiveStephen Fraeye
ActiveEnded mandates
Gladys Corbanie
EndedMike Fraeye
EndedStephen Fraeye
EndedGladys Corbanie
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0822.490.714 |
Financials
Annual accounts
Full financial information
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 09/05/2026 | 09/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 10/05/2025 | 10/06/2025 | Dutch | |
| Micro model | 31/12/2023 | 25/05/2024 | 25/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 10/06/2023 | 30/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 14/05/2022 | 14/06/2022 | Dutch | |
| Micro model | 31/12/2020 | 08/05/2021 | 07/06/2021 | Dutch | |
| Micro model | 31/12/2019 | 09/05/2020 | 16/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 11/05/2019 | 30/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 12/05/2018 | 22/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 13/05/2017 | 13/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 14/05/2016 | 10/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 09/05/2015 | 04/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 10/05/2014 | 19/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 11/05/2013 | 10/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 12/05/2012 | 12/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 14/05/2011 | 31/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 08/05/2010 | 25/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 09/05/2009 | 18/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 10/05/2008 | 29/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 26/05/2007 | 24/07/2007 | Dutch |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 21 ended
Active mandates
Gladys Corbanie
ActiveMike Fraeye
ActiveStephen Fraeye
ActiveEnded mandates
Gladys Corbanie
EndedMike Fraeye
EndedStephen Fraeye
EndedGladys Corbanie
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/07/2021ONTSLAGEN - BENOEMINGEN
- Mandates04/06/2015ONTSLAGEN - BENOEMINGEN
- Registered office21/02/2012MAATSCHAPPELIJKE ZETEL
- Mandates28/08/2009ONTSLAGEN - BENOEMINGEN
- Mandates06/12/2005ONTSLAGEN - BENOEMINGEN
- Capital / shares28/04/2005KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Other27/04/2005DIVERSEN
- Mandates04/07/2003ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202523,9 k €↑
- 2024Annual accounts 202417,6 k €↓
- 2023Annual accounts 202325,7 k €↑
- 2022Annual accounts 202221,6 k €↓
- 2021Annual accounts 202128,7 k €↓
- 2019Annual accounts 201937,8 k €↑
- 2018Annual accounts 20185,5 k €↓
- 2017Annual accounts 201712,3 k €↓
- 2016Annual accounts 201625 k €↑
- 2015Annual accounts 201517,1 k €↑
- 2014Annual accounts 2014-14,5 k €↓
- 2013Annual accounts 201321,4 k €↓
- 2012Annual accounts 201227,3 k €↑
- 2011Annual accounts 201122,1 k €↑
- 2010Annual accounts 2010-21,7 k €↓
- 2009Annual accounts 2009-12,6 k €↓
- 2008Annual accounts 20089,4 k €↑
- 2007Annual accounts 20076,9 k €↑
- 2006Annual accounts 20062,6 k €
- 10/12/1980IncorporationPublic limited company