ACTIVE

MANAGEMENT TRAINING TEAM

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Financial year 2025 · closed on 30/06/2025

Net result

8,9 k €

+182.7% YoY

Gross margin

10 k €

+446.8% YoY

Equity

7,6 k €

+700.8% YoY

What does MANAGEMENT TRAINING TEAM do?

MANAGEMENT TRAINING TEAM is a Private limited company incorporated in 1987. Its main activity is: Management consultancy activities. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0431.447.783

Incorporation

20/05/1987

Legal form

Private limited company

Registered office

Pieter Coutereelstraat 29
3000 Leuven · FlandreSee on map

Contributed capital

19 087,80 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	10 k €	+447%	-2,9 k €	-60.0%	-1,8 k €	+25.9%	-2,4 k €	+80.2%	-12,2 k €	-24.8%	-9,8 k €	-192%	10,7 k €	-26.7%	14,6 k €	-23.8%	19,1 k €	+759%	2,2 k €	-87.1%	17,2 k €	-78.2%	78,9 k €	-17.8%	96 k €	+33.0%	72,2 k €	+211%	23,2 k €	+80.0%	12,9 k €	-66.1%	38,1 k €	-14.7%	44,7 k €
EBITDA	10 k €	+447%	-2,9 k €	-54.7%	-1,9 k €	+30.0%	-2,7 k €	+79.4%	-12,9 k €	-27.4%	-10,1 k €	-200%	10,1 k €	-28.9%	14,2 k €	-24.2%	18,8 k €	+1384%	-1,5 k €	-109%	16,5 k €	-79.0%	78,5 k €	-14.6%	91,9 k €	+27.9%	71,8 k €	+225%	22,1 k €	+122%	10 k €	-72.0%	35,6 k €	-18.6%	43,7 k €
Operating result	9,4 k €	+195%	-10 k €	+0.1%	-10 k €	+24.1%	-13,2 k €	+54.5%	-28,9 k €	-79.5%	-16,1 k €	-578%	-2,4 k €	-391%	815,7 €	-92.4%	10,7 k €	+207%	-10 k €	-226%	8 k €	-88.5%	69,5 k €	-20.7%	87,6 k €	+38.0%	63,5 k €	+366%	13,6 k €	+1266%	-1,2 k €	-105%	24,8 k €	-25.9%	33,4 k €
Net result	8,9 k €	+183%	-10,7 k €	+10.6%	-12 k €	+11.1%	-13,5 k €	+49.0%	-26,5 k €	-61.0%	-16,4 k €	-335%	-3,8 k €	-35.3%	-2,8 k €	-146%	6 k €	+145%	-13,5 k €	-2563%	547,6 €	-98.6%	40,3 k €	-32.3%	59,5 k €	+55.5%	38,2 k €	+2855%	1,3 k €	+140%	-3,2 k €	-121%	15,7 k €	-39.6%	26 k €
Balance sheet
Equity	7,6 k €	+701%	-1,3 k €	-113%	9,5 k €	-55.9%	21,4 k €	-38.6%	34,9 k €	-43.1%	61,4 k €	-25.7%	82,7 k €	-4.4%	86,5 k €	-3.1%	89,3 k €	+7.2%	83,2 k €	-13.9%	96,7 k €	+0.6%	96,2 k €	+72.0%	55,9 k €	-10.4%	62,4 k €	-15.9%	74,2 k €	+1.8%	72,9 k €	-4.3%	76,1 k €	+25.9%	60,5 k €
Total assets	23,9 k €	+22.5%	19,5 k €	-52.5%	41 k €	-27.2%	56,3 k €	-14.7%	66 k €	-18.2%	80,7 k €	-8.6%	88,3 k €	-6.6%	94,5 k €	-18.9%	116,6 k €	+33.3%	87,5 k €	-26.9%	119,6 k €	+1.5%	117,8 k €	-13.9%	136,9 k €	+24.8%	109,7 k €	-10.5%	122,6 k €	-12.6%	140,3 k €	-7.0%	150,9 k €	+11.2%	135,6 k €
Cash	6 k €	+6662%	88,7 €	-98.5%	6 k €	+536%	943,7 €	-18.1%	1,2 k €	-66.7%	3,5 k €	+99.1%	1,7 k €	-45.6%	3,2 k €	+239%	941,5 €	-52.6%	2 k €	+1643%	114 €	+0.7%	113,2 €	-99.3%	17,1 k €	+594%	2,5 k €	+2147%	109,5 €	+356%	24 €	-99.6%	6,6 k €	-61.9%	17,2 k €
Debts	16,3 k €	-21.6%	20,7 k €	-34.2%	31,5 k €	-9.5%	34,8 k €	+12.1%	31,1 k €	+60.7%	19,3 k €	+244%	5,6 k €	-30.2%	8,1 k €	-70.5%	27,3 k €	+548%	4,2 k €	-81.6%	22,9 k €	+5.7%	21,6 k €	-73.3%	81 k €	+71.2%	47,3 k €	-2.3%	48,4 k €	-22.7%	62,6 k €	-2.5%	64,2 k €	-14.5%	75,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

Luc De Smet

Managing director · since 01 octobre 2011

Active

Ended mandates

LUC DE SMET

Director · since 01 octobre 2011

Ended

LOUISE IOCKENS

Director · since 31 juillet 2010 · until 01 octobre 2011

Ended

Elisabeth GREGOIRE

Director

Ended

LUC DE SMET

Director · until 31 juillet 2010

Ended

At this address

Other companies at this address

Company	CBE no.
panem & circenses● Active	0886.391.542

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	29/01/2021
General meeting	31/12/2025	01/12/2024	04/12/2023	05/12/2022	06/12/2021	07/12/2020
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
Micro model	30/06/2025	31/12/2025	30/01/2026	Dutch	PDF
Micro model	30/06/2024	01/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	04/12/2023	31/01/2024	Dutch	PDF
Micro model	30/06/2022	05/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	06/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	07/12/2020	29/01/2021	Dutch	PDF
Abridged model	30/06/2019	14/10/2019	23/12/2019	Dutch	PDF
Abridged model	30/06/2018	08/10/2018	28/12/2018	Dutch	PDF
Abridged model	30/06/2017	11/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	12/12/2016	28/04/2017	Dutch	PDF
Abridged model	30/06/2015	14/12/2015	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	08/12/2014	12/02/2015	Dutch	PDF
Abridged model	30/06/2013	09/12/2013	27/02/2014	Dutch	PDF
Abridged model	30/06/2012	10/12/2012	25/02/2013	Dutch	PDF
Abridged model	30/06/2011	12/12/2011	29/02/2012	Dutch	PDF
Abridged model	30/06/2010	13/12/2010	15/02/2011	Dutch	PDF
Abridged model	30/06/2009	14/12/2009	06/01/2010	Dutch	PDF
Abridged model	30/06/2008	15/12/2008	15/12/2008	Dutch	PDF
Abridged model	30/06/2007	16/12/2007	17/12/2007	Dutch	PDF
Abridged model	30/06/2006	24/11/2006	09/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 30/06/2025 · 1 active · 5 ended

Active mandates

Luc De Smet

Managing director · since 01 octobre 2011

Active

Ended mandates

LUC DE SMET

Director · since 01 octobre 2011

Ended

LOUISE IOCKENS

Director · since 31 juillet 2010 · until 01 octobre 2011

Ended

Elisabeth GREGOIRE

Director

Ended

LUC DE SMET

Director · until 31 juillet 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2005
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 20258,9 k €↑
2024
Annual accounts 2024-10,7 k €↑
2023
Annual accounts 2023-12 k €↑
2022
Annual accounts 2022-13,5 k €↑
2021
Annual accounts 2021-26,5 k €↓
2020
Annual accounts 2020-16,4 k €↓
2018
Annual accounts 2018-3,8 k €↓
2017
Annual accounts 2017-2,8 k €↓
2016
Annual accounts 20166 k €↑
2015
Annual accounts 2015-13,5 k €↓
2014
Annual accounts 2014547,6 €↓
2013
Annual accounts 201340,3 k €↓
2012
Annual accounts 201259,5 k €↑
2011
Annual accounts 201138,2 k €↑
2010
Annual accounts 20101,3 k €↑
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 200815,7 k €↓
2007
Annual accounts 200726 k €
20/05/1987
IncorporationPrivate 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

MANAGEMENT TRAINING TEAM

Overview

What does MANAGEMENT TRAINING TEAM 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