ACTIVE

ETABLISSEMENTS MARCEL DAVID

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Financial year 2025 · Closed on 31/12/2025

Net result1,5 M €+4,0 %over 1 year

Revenue29,6 M €+16,9 %over 1 year

Equity12,6 M €+13,8 %over 1 year

Workforce32,2 ETP+29,3 %over 1 year

Identity

Source · BCE/KBO

ETABLISSEMENTS MARCEL DAVID is a Private limited company incorporated in 1988. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in La Hulpe. It employs on average 32,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.818.831
Incorporation: 05/07/1988
Legal form: Private limited company
Registered office: Avenue Reine Astrid 20
1310 La Hulpe · WallonieSee on map
Contributed capital: 27 268,28 €
Latest accounts: 31/12/2025
Average workforce: 32,2 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 51532Air transport 52461Warehousing and support activities for transportation+3

Joint committees (4)

124
1240
2000
218

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	29,6 M €	+16.9%	25,3 M €	+5.4%	24 M €	+0.9%	23,8 M €	+19.4%	19,9 M €
EBITDA	2,5 M €	-1.1%	2,5 M €	+11.8%	2,2 M €	-25.9%	3 M €	+15.8%	2,6 M €
Operating result	2 M €	+3.4%	1,9 M €	+8.6%	1,8 M €	-33.1%	2,6 M €	+17.2%	2,2 M €
Net result	1,5 M €	+4.0%	1,5 M €	+8.5%	1,4 M €	-33.3%	2 M €	+17.4%	1,7 M €
Balance sheet
Equity	12,6 M €	+13.8%	11 M €	+15.2%	9,6 M €	+16.3%	8,2 M €	+22.6%	6,7 M €
Total assets	14,8 M €	+10.9%	13,4 M €	+8.5%	12,3 M €	+1.7%	12,1 M €	+18.9%	10,2 M €
Cash	804,1 k €	-65.6%	2,3 M €	+46.6%	1,6 M €	-10.8%	1,8 M €	+26.7%	1,4 M €
Debts	2,2 M €	-2.1%	2,3 M €	-15.2%	2,7 M €	-29.9%	3,8 M €	+11.1%	3,5 M €
Other
Workforce	32,2 ETP	+29.3%	24,9 ETP	+4.2%	23,9 ETP	-1.6%	24,3 ETP	+12.5%	21,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BDSC0793.509.092Represented by Benoit DAVID	Directorsince 23/06/2023
MDLT0793.507.906Represented by Marie DAVID	Directorsince 23/06/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marie David	Director01/08/2007 → 2022 accountsManager01/08/2007 → 2018 accounts
Benoit David	Director15/12/1999 → 2022 accountsManager15/12/1999 → 2018 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/06/2026	02/06/2025	13/06/2024	29/06/2023	30/05/2022	31/05/2021
General meeting	12/05/2026	13/05/2025	31/05/2024	23/06/2023	10/05/2022	11/05/2021
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
Full model	31/12/2025	12/05/2026	15/06/2026	French	PDF
Full model	31/12/2024	13/05/2025	02/06/2025	French	PDF
Full model	31/12/2023	31/05/2024	13/06/2024	French	PDF
Full model	31/12/2022	23/06/2023	29/06/2023	French	PDF
Full model	31/12/2021	10/05/2022	30/05/2022	French	PDF
Full model	31/12/2020	11/05/2021	31/05/2021	French	PDF
Full model	31/12/2019	15/07/2020	16/09/2020	French	PDF
Full model	31/12/2018	14/05/2019	22/05/2019	French	PDF
Full model	31/12/2017	08/05/2018	28/05/2018	French	PDF
Abridged model	31/12/2016	07/06/2017	13/06/2017	French	PDF
Abridged model	31/12/2015	22/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	05/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	04/07/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	10/06/2011	French	PDF
Abridged model	31/12/2009	20/06/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	01/07/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	17/07/2008	French	PDF
Abridged model	31/12/2006	11/06/2007	11/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BDSC0793.509.092Represented by Benoit DAVID	Directorsince 23/06/2023
MDLT0793.507.906Represented by Marie DAVID	Directorsince 23/06/2023

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marie David	Director01/08/2007 → 2022 accountsManager01/08/2007 → 2018 accounts
Benoit David	Director15/12/1999 → 2022 accountsManager15/12/1999 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring13/10/2026
Dépôt du projet de scission partielle
PDF
Mandates05/08/2026
NOMINATION DU COMMISSAIRE
PDF
Mandates04/10/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring18/09/2023
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring31/05/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates30/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2018
DEMISSIONS, NOMINATIONS
PDF

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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

Filings18 filings

Mandates

MDLT

BDSC

Marie David

Benoit David

198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ETABLISSEMENTS MARCEL DAVID

Avenue Reine Astrid 20, 1310 La Hulpe

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Reine Astrid 20, 1310 La HulpeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00166078

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ETABLISSEMENTS MARCEL DAVIDCurrent	accounts 2008 → 2025	Accounts 2025 · 2026-00166078

Events

2025
Annual accounts 20251,5 M €↑
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 20231,4 M €↓
2022
Annual accounts 20222 M €↑
2021
Annual accounts 20211,7 M €↑
2020
Annual accounts 20201,1 M €↑
2019
Annual accounts 20191 M €↑
2018
Annual accounts 2018616,9 k €↓
2017
Annual accounts 2017629,6 k €↑
2016
Annual accounts 2016587,4 k €↑
2015
Annual accounts 2015314,3 k €↓
2014
Annual accounts 2014420,2 k €↑
2013
Annual accounts 2013384,5 k €↓
2012
Annual accounts 2012394,2 k €↓
2011
Annual accounts 2011473,9 k €↑
2010
Annual accounts 2010309,9 k €↑
2009
Annual accounts 2009239 k €↓
2008
Annual accounts 2008251,1 k €
05/07/1988
IncorporationPrivate limited company

ETABLISSEMENTS MARCEL DAVID

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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