ACTIVE

MENATAM

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 M €

-15.0% YoY

Revenue

132,1 M €

+3.9% YoY

Equity

27,1 M €

-2.3% YoY

Workforce

299,9 ETP

-1.3% YoY

What does MENATAM do?

MENATAM is a Public limited company incorporated in 1980. Its main activity is: Joinery installation. Its registered office is in Namur. It employs on average 299,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.312.867

Incorporation

18/12/1980

Legal form

Public limited company

Registered office

Rue du Réemploi(RH) 4
5020 Namur · WallonieSee on map

Contributed capital

6 172 972,00 €

Latest accounts

31/12/2025

Average workforce

299,9 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 47551Retail sale of other household equipment in specialised stores 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores

Joint committees (4)

124
14901
201
311

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	132,1 M €	+3.9%	127,2 M €	-5.0%	133,9 M €	-4.2%	139,8 M €	-1.4%	141,8 M €	+17.6%	120,5 M €	-4.0%	125,5 M €	+6.0%	118,4 M €	-0.0%	118,4 M €	-20.0%	147,9 M €	-7.4%	159,7 M €	+97327%	163,9 k €	-99.8%	96,1 M €	+4.0%	92,4 M €	-34.1%	140,2 M €	+13.4%	123,7 M €	-32.1%	182,1 M €	+76.7%	103,1 M €	+7.2%	96,1 M €
EBITDA	3 M €	-27.3%	4,1 M €	-36.2%	6,5 M €	-17.0%	7,8 M €	-26.0%	10,5 M €	+1.8%	10,3 M €	-11.0%	11,6 M €	+31.2%	8,9 M €	+11.2%	8 M €	+121%	3,6 M €	+297%	908 k €	+47741%	1,9 k €	-99.9%	2,5 M €	+26.9%	2 M €	-28.5%	2,8 M €	+0.7%	2,8 M €	+30.5%	2,1 M €	+68.4%	1,3 M €	-28.1%	1,7 M €
Operating result	2 M €	+332%	466,7 k €	-84.3%	3 M €	-27.4%	4,1 M €	-44.4%	7,4 M €	+26.3%	5,8 M €	-28.5%	8,2 M €	+46.3%	5,6 M €	+16.8%	4,8 M €	+845%	-642 k €	+78.7%	-3 M €	-190473%	-1,6 k €	-100%	732,8 k €	+78.0%	411,7 k €	+93.4%	212,9 k €	-27.4%	293,2 k €	+110%	-3 M €	-112%	-1,4 M €	-48.6%	-964,6 k €
Net result	1,4 M €	-15.0%	1,6 M €	-52.2%	3,4 M €	-14.5%	3,9 M €	-38.0%	6,4 M €	+32.0%	4,8 M €	-14.5%	5,6 M €	+24.9%	4,5 M €	+13.5%	4 M €	+684%	506,6 k €	+118%	-2,8 M €	-279844%	-1 k €	-100%	1,2 M €	+51.0%	769,7 k €	-21.4%	979,8 k €	+4.5%	937,2 k €	+814%	-131,2 k €	-39.7%	-93,9 k €	-149%	191,9 k €
Balance sheet
Equity	27,1 M €	-2.3%	27,7 M €	+6.9%	26 M €	+14.9%	22,6 M €	+13.8%	19,8 M €	+20.3%	16,5 M €	+12.4%	14,7 M €	+23.9%	11,8 M €	-2.4%	12,1 M €	+48.7%	8,2 M €	+193%	2,8 M €	+49799%	5,6 k €	-99.8%	3,7 M €	+18.0%	3,1 M €	-44.6%	5,6 M €	+10.5%	5,1 M €	+8.0%	4,7 M €	+8.5%	4,3 M €	-2.1%	4,4 M €
Total assets	80,9 M €	+12.8%	71,7 M €	-2.8%	73,8 M €	+5.2%	70,1 M €	-0.2%	70,3 M €	+4.0%	67,6 M €	+16.9%	57,8 M €	+12.1%	51,5 M €	+11.0%	46,4 M €	+2.4%	45,3 M €	-12.2%	51,6 M €	+96912%	53,2 k €	-99.8%	29,6 M €	+3.4%	28,7 M €	-21.3%	36,5 M €	+16.7%	31,2 M €	+10.6%	28,2 M €	+6.3%	26,6 M €	+19.6%	22,2 M €
Cash	5,3 M €	+72.2%	3,1 M €	-68.4%	9,8 M €	-16.3%	11,7 M €	-34.9%	18 M €	-14.3%	21 M €	+76.6%	11,9 M €	+232%	3,6 M €	-62.3%	9,5 M €	+13.6%	8,4 M €	+393%	1,7 M €	+136700%	1,2 k €	-98.9%	115,9 k €	-90.4%	1,2 M €	+7.6%	1,1 M €	+24.3%	902,5 k €	-2.3%	923,9 k €	-81.1%	4,9 M €	+104%	2,4 M €
Debts	49,4 M €	+24.8%	39,6 M €	-9.7%	43,8 M €	+0.4%	43,6 M €	-8.4%	47,7 M €	-1.6%	48,4 M €	+18.8%	40,8 M €	+9.1%	37,4 M €	+15.3%	32,4 M €	-9.6%	35,8 M €	-25.1%	47,9 M €	+101938%	46,9 k €	-99.8%	25,2 M €	+0.2%	25,2 M €	-16.3%	30,1 M €	+18.8%	25,3 M €	+11.0%	22,8 M €	+10.2%	20,7 M €	+29.2%	16 M €
Other
Workforce	299,9 ETP	-1.3%	303,9 ETP	-5.0%	320,0 ETP	-2.8%	329,1 ETP	+5.8%	311,1 ETP	+2.8%	302,7 ETP	+4.3%	290,3 ETP	+4.0%	279,2 ETP	+2.8%	271,5 ETP	-24.1%	357,6 ETP		–		–		197,2 ETP	+3.7%	190,2 ETP		–		246,2 ETP	+4.3%	236,1 ETP	-5.6%	250,2 ETP	+9.4%	228,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2021 · 8 active · 42 ended

Active mandates

Christopher Stenzel

Director · since 01 janvier 2022 · until 30 juin 2028

Active

Françoise Burlet

Director · since 23 juin 2021 · until 30 juin 2023

Active

Matthias KEUDEL

Director · since 01 janvier 2021 · until 30 juin 2024

Active

Marc DAEFFLER

Director · since 25 juin 2020 · until 24 juin 2022

Active

Paul DAVID

Director · since 01 mars 2020 · until 30 juin 2026

Active

IMETAM

Managing director · since 29 juin 2017 · until 30 juin 2023 · 0433.658.690

Represented by Philippe TAMINIAUX

Active

Karsten RISSER

Director · since 29 juin 2017 · until 31 décembre 2021

Active

SOMATAM

Director · since 29 juin 2017 · until 28 juin 2023 · 0503.810.278

Represented by Frédéric TAMINIAUX

Active

Ended mandates

Matthias Keudel

Director · since 01 janvier 2021

Ended

Marc Daeffler

Director · since 25 juin 2020 · until 30 juin 2022

Ended

Oliver Streit

Director · since 01 janvier 2018 · until 31 décembre 2020

Ended

Oliver STREIT

Director · since 01 janvier 2018 · until 28 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
EGGO GROUP● Active	0864.980.969
FESTIVAL NATURE NAMUR● Active	0455.449.246
IMETAM● Active	0433.658.690
SENETAM● Active	0666.944.680
Tam Invest● Active	1010.661.311
UNITE T.V.A. LEE● Active	0845.546.228
VERL PROPRIETAIRE , SERVICE ET ADMINISTRATION● Active	0873.822.322

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Consolidated accounts	Full model	Consolidated accounts	Full model	Consolidated accounts
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	14/07/2026	23/07/2025	11/07/2024	25/07/2023	19/07/2022	09/07/2021
General meeting	05/06/2026	30/06/2025	27/06/2024	22/06/2023	24/06/2022	23/06/2021
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

41 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	14/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	22/07/2025	French	PDF
Consolidated accounts	31/12/2024	30/06/2025	23/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	11/07/2024	French	PDF
Consolidated accounts	31/12/2023	27/06/2024	10/07/2024	French	PDF
Full model	31/12/2022	22/06/2023	10/07/2023	French	PDF
Consolidated accounts	31/12/2022	22/06/2023	25/07/2023	French	PDF
Full modelCorrection	31/12/2021	24/06/2022	19/12/2022	French	PDF
Full model	31/12/2021	24/06/2022	19/07/2022	French	PDF
Consolidated accounts	31/12/2021	15/07/2022	20/07/2022	French	PDF
Full model	31/12/2020	23/06/2021	08/07/2021	French	PDF
Consolidated accounts	31/12/2020	23/06/2021	09/07/2021	French	PDF
Full model	31/12/2019	25/06/2020	12/08/2020	French	PDF
Consolidated accounts	31/12/2019	25/06/2020	12/08/2020	French	PDF
Full model	31/12/2018	26/06/2019	24/07/2019	French	PDF
Consolidated accounts	31/12/2018	26/06/2019	24/07/2019	French	PDF
Full model	31/12/2017	22/06/2018	19/07/2018	French	PDF
Consolidated accounts	31/12/2017	22/06/2018	08/08/2018	French	PDF
Full modelCorrection	31/12/2016	29/06/2017	27/11/2017	French	PDF
Full model	31/12/2016	29/06/2017	29/09/2017	French	PDF
Consolidated accountsCorrection	31/12/2016	29/06/2017	27/11/2017	French	PDF
Consolidated accounts	31/12/2016	29/06/2017	29/09/2017	French	PDF
Full model	31/12/2015	27/06/2016	26/08/2016	French	PDF
Consolidated accounts	31/12/2015	27/06/2016	26/08/2016	French	PDF

View all 41 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2021 · 8 active · 42 ended

Active mandates

Christopher Stenzel

Director · since 01 janvier 2022 · until 30 juin 2028

Active

Françoise Burlet

Director · since 23 juin 2021 · until 30 juin 2023

Active

Matthias KEUDEL

Director · since 01 janvier 2021 · until 30 juin 2024

Active

Marc DAEFFLER

Director · since 25 juin 2020 · until 24 juin 2022

Active

Paul DAVID

Director · since 01 mars 2020 · until 30 juin 2026

Active

IMETAM

Managing director · since 29 juin 2017 · until 30 juin 2023 · 0433.658.690

Represented by Philippe TAMINIAUX

Active

Karsten RISSER

Director · since 29 juin 2017 · until 31 décembre 2021

Active

SOMATAM

Director · since 29 juin 2017 · until 28 juin 2023 · 0503.810.278

Represented by Frédéric TAMINIAUX

Active

Ended mandates

Matthias Keudel

Director · since 01 janvier 2021

Ended

Marc Daeffler

Director · since 25 juin 2020 · until 30 juin 2022

Ended

Oliver Streit

Director · since 01 janvier 2018 · until 31 décembre 2020

Ended

Oliver STREIT

Director · since 01 janvier 2018 · until 28 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2026
Nomination d'un Commissaire-réviseur d'entreprises
PDF
Mandates24/02/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office20/06/2024
SIEGE SOCIAL
PDF
Mandates04/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2023
DEMISSIONS, NOMINATIONS
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 20251,4 M €↓
31/01/2025
split
2024
Annual accounts 20241,6 M €↓
2023
Annual accounts 20233,4 M €↓
01/09/2023
nominationMélanie Adorante — commissaire
03/07/2023
nominationSRL SOMATAM — administrateur-délégué
22/06/2023
reconductionIMETAM SA — administrateur
22/06/2023
reconductionSOMATAM SRL — administrateur
22/06/2023
reconductionFrançoise Burlet — administrateur
22/06/2023
nominationPhilippe Giovanni — administrateur
2022
Annual accounts 20223,9 M €↓
01/01/2022
nominationChristopher STENZEL — administrateur
2021
Annual accounts 20216,4 M €↑
23/06/2021
nominationFrançoise Burlet — administrateur indépendant
2020
Annual accounts 20204,8 M €↓
2019
Annual accounts 20195,6 M €↑
2018
Annual accounts 20184,5 M €↑
2017
Annual accounts 20174 M €↑
2016
Annual accounts 2016506,6 k €↑
2015
Annual accounts 2015-2,8 M €↓
2014
Annual accounts 2014-1 k €↓
2013
Annual accounts 20131,2 M €↑
2012
Annual accounts 2012769,7 k €↓
2011
Annual accounts 2011979,8 k €↑
2010
Annual accounts 2010937,2 k €↑
2010
Name changeEGGO
2009
Annual accounts 2009-131,2 k €↓
2008
Annual accounts 2008-93,9 k €↓
2007
Annual accounts 2007191,9 k €
2007
Name changeMENATAM
18/12/1980
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

MENATAM

Overview

What does MENATAM do?

Trend over 19 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