ACTIVE

A & M

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

-31.8% YoY

Revenue

21,8 M €

+16.4% YoY

Equity

4,7 M €

+0.0% YoY

Workforce

25,0 ETP

-0.8% YoY

What does A & M do?

A & M is a Public limited company incorporated in 1988. Its registered office is in Mechelen. It employs on average 25,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.271.563

Incorporation

13/09/1988

Legal form

Public limited company

Registered office

Raghenoplein 17
2800 Mechelen · FlandreSee on map

Contributed capital

160 000,00 €

Latest accounts

31/12/2025

Average workforce

25,0 ETP

Joint committees (5)

149
14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	21,8 M €	+16.4%	18,7 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,9 M €	-30.9%	2,7 M €	+89.6%	1,4 M €	+75.5%	812,6 k €	-19.7%	1 M €	+54.6%	654,8 k €	-26.3%	888,6 k €	+36.3%	651,9 k €	+7.6%	605,9 k €	+15.8%	523,2 k €	-30.6%	753,3 k €	-17.5%	912,9 k €	+116%	422,3 k €	-7.1%	454,7 k €	+25.8%	361,4 k €	-4.2%	377,1 k €
Operating result	1,6 M €	-36.1%	2,6 M €	+61.4%	1,6 M €	+101%	790,1 k €	-2.0%	806 k €	+35.7%	593,9 k €	-30.3%	851,6 k €	+53.2%	555,9 k €	+10.9%	501,1 k €	+24.9%	401,3 k €	-40.0%	668,5 k €	-7.9%	725,7 k €	+125%	322,7 k €	-5.5%	341,6 k €	+59.0%	214,9 k €	-12.9%	246,9 k €
Net result	1,3 M €	-31.8%	1,9 M €	+58.0%	1,2 M €	+109%	560,4 k €	+5.8%	529,4 k €	+39.2%	380,3 k €	-38.7%	620,4 k €	+120%	281,8 k €	+2.7%	274,5 k €	+29.6%	211,8 k €	-45.9%	391,8 k €	+3.0%	380,2 k €	+114%	178 k €	+5.4%	168,9 k €	+91.9%	88 k €	-38.0%	141,9 k €
Balance sheet
Equity	4,7 M €	+0.0%	4,7 M €	+64.4%	2,9 M €	+68.9%	1,7 M €	+5.6%	1,6 M €	+84.9%	871,7 k €	+0.1%	870,9 k €	+117%	400,5 k €	+33.3%	300,5 k €	+53.7%	195,5 k €	+0.1%	195,2 k €	+0.1%	194,9 k €	-39.2%	320,5 k €	+19.8%	267,6 k €	+0.2%	267 k €	-18.8%	329 k €
Total assets	11 M €	+46.1%	7,6 M €	+59.2%	4,7 M €	+1.4%	4,7 M €	+4.0%	4,5 M €	+28.8%	3,5 M €	+52.5%	2,3 M €	+15.6%	2 M €	-41.1%	3,4 M €	+75.6%	1,9 M €	-2.6%	2 M €	+35.4%	1,5 M €	+10.0%	1,3 M €	-8.1%	1,4 M €	-4.2%	1,5 M €	-8.4%	1,6 M €
Cash	1,6 M €	+84.1%	847,3 k €	+12.8%	751,3 k €	+278%	198,8 k €	+46.9%	135,3 k €	+36.6%	99 k €	-41.9%	170,5 k €	-51.3%	349,9 k €	+0.9%	346,7 k €	+104%	169,7 k €	-16.3%	202,8 k €	-47.0%	382,4 k €	-1.8%	389,4 k €	+74.6%	223 k €	+65.3%	134,9 k €	+61.9%	83,3 k €
Debts	6,3 M €	+124%	2,8 M €	+50.8%	1,9 M €	-31.4%	2,7 M €	+7.3%	2,5 M €	-3.0%	2,6 M €	+84.7%	1,4 M €	+36.4%	1 M €	-60.7%	2,6 M €	+78.7%	1,5 M €	-7.6%	1,6 M €	+62.8%	983,8 k €	+9.3%	900 k €	-20.3%	1,1 M €	-8.4%	1,2 M €	-5.7%	1,3 M €
Other
Workforce	25,0 ETP	-0.8%	25,2 ETP	+0.8%	25,0 ETP	+1.2%	24,7 ETP	+2.5%	24,1 ETP	-8.7%	26,4 ETP	+14.3%	23,1 ETP	+6.5%	21,7 ETP	+3.8%	20,9 ETP	+6.1%	19,7 ETP	-0.5%	19,8 ETP	+20.7%	16,4 ETP	+1.9%	16,1 ETP	0.0%	16,1 ETP	-2.4%	16,5 ETP	+3.1%	16,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

AXI Holdings Services

Managing director · since 17 janvier 2025 · until 15 mai 2030 · 1002.091.063

Represented by Bart Verhelst

Active

Confidentius

Director · since 27 août 2024 · until 24 février 2026 · 0544.897.005

Represented by Veerle Vervaeck

Active

GDW ADVICE &MANAGEMENT

Director · since 27 août 2024 · until 01 juillet 2025 · 0458.678.158

Represented by Guy De Wachter

Active

INVESKA

Director · since 27 août 2024 · until 15 mai 2030 · 0874.621.284

Represented by Karel Vyncke

Active

Ended mandates

Confidentius

Director · since 27 août 2024 · until 15 mai 2030 · 0544.897.005

Represented by Veerle Vervaeck

Ended

GDW ADVICE &MANAGEMENT

Director · since 27 août 2024 · until 15 mai 2030 · 0458.678.158

Represented by Guy De Wachter

Ended

GDW ADVICE &MANAGEMENT

Managing director · since 24 mars 2023 · until 01 juin 2029 · 0458.678.158

Represented by De WACHTER GUY

Ended

TARA MANAGEMENT

Director · since 24 mars 2023 · until 01 juin 2029 · 0669.945.445

Represented by Ngampimukchok NONGLUK

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged 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	12/06/2026	24/07/2025	15/07/2024	07/04/2023	07/07/2022	22/06/2021
General meeting	13/05/2026	27/06/2025	07/06/2024	24/03/2023	03/06/2022	04/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/05/2026	12/06/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/03/2023	07/04/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	01/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	22/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	12/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/03/2011	02/09/2011	15/09/2011	Dutch	PDF
Abridged model	31/03/2010	03/09/2010	21/09/2010	Dutch	PDF
Abridged model	31/03/2009	04/09/2009	11/09/2009	Dutch	PDF
Abridged model	31/03/2008	05/09/2008	23/09/2008	Dutch	PDF
Abridged model	31/03/2007	07/09/2007	14/09/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 14 ended

Active mandates

AXI Holdings Services

Managing director · since 17 janvier 2025 · until 15 mai 2030 · 1002.091.063

Represented by Bart Verhelst

Active

Confidentius

Director · since 27 août 2024 · until 24 février 2026 · 0544.897.005

Represented by Veerle Vervaeck

Active

GDW ADVICE &MANAGEMENT

Director · since 27 août 2024 · until 01 juillet 2025 · 0458.678.158

Represented by Guy De Wachter

Active

INVESKA

Director · since 27 août 2024 · until 15 mai 2030 · 0874.621.284

Represented by Karel Vyncke

Active

Ended mandates

Confidentius

Director · since 27 août 2024 · until 15 mai 2030 · 0544.897.005

Represented by Veerle Vervaeck

Ended

GDW ADVICE &MANAGEMENT

Director · since 27 août 2024 · until 15 mai 2030 · 0458.678.158

Represented by Guy De Wachter

Ended

GDW ADVICE &MANAGEMENT

Managing director · since 24 mars 2023 · until 01 juin 2029 · 0458.678.158

Represented by De WACHTER GUY

Ended

TARA MANAGEMENT

Director · since 24 mars 2023 · until 01 juin 2029 · 0669.945.445

Represented by Ngampimukchok NONGLUK

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other21/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates17/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other10/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL
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 20251,3 M €↓
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022560,4 k €↑
2021
Annual accounts 2021529,4 k €↑
2018
Annual accounts 2018380,3 k €↓
2017
Annual accounts 2017620,4 k €↑
2016
Annual accounts 2016281,8 k €↑
2015
Annual accounts 2015274,5 k €↑
2014
Annual accounts 2014211,8 k €↓
2013
Annual accounts 2013391,8 k €↑
2012
Annual accounts 2012380,2 k €↑
2011
Annual accounts 2011178 k €↑
2010
Annual accounts 2010168,9 k €↑
2009
Annual accounts 200988 k €↓
2008
Annual accounts 2008141,9 k €
13/09/1988
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

A & M

Overview

What does A & M do?

Trend over 16 financial years

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