ACTIVE

MANAGEMENT DECISION SUPPORT

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Financial year 2025 · closed on 31/12/2025

Net result

330,2 k €

+187.1% YoY

Gross margin

54,7 k €

+346.8% YoY

Equity

1,6 M €

+25.4% YoY

What does MANAGEMENT DECISION SUPPORT do?

MANAGEMENT DECISION SUPPORT is a Private limited company incorporated in 1989. Its main activity is: Development of building projects. Its registered office is in Tervuren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.927.986

Incorporation

03/03/1989

Legal form

Private limited company

Registered office

Oudergemse weg 74
3080 Tervuren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 45113Sale of cars and light motor vehicles 47811Retail sale via stalls and markets of food, beverages and tobacco products

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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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
Gross margin	54,7 k €	+347%	-22,2 k €	-105%	431,9 k €	+1157%	34,4 k €	-84.3%	218,9 k €	-37.9%	352,2 k €	+215%	111,7 k €	+151%	44,5 k €	-55.0%	98,9 k €	+4.7%	94,5 k €	+5.5%	89,5 k €	-35.7%	139,3 k €	-68.8%	446 k €	+30.6%	341,6 k €	+1.9%	335,2 k €	-2.2%	342,7 k €	+78.8%	191,7 k €	+55.7%	123,1 k €	+205%	40,4 k €
EBITDA	-22,3 k €	+8.2%	-24,3 k €	-106%	426,9 k €	+142671%	-299,5 €	-100%	211 k €	-36.1%	329,9 k €	+242%	96,5 k €	+154%	37,9 k €	-59.1%	92,7 k €	+6.5%	87 k €	+5.6%	82,4 k €	-37.8%	132,4 k €	-69.6%	435,2 k €	+32.9%	327,6 k €	+0.4%	326,4 k €	+1.1%	322,8 k €	+109%	154,3 k €	+34.0%	115,2 k €	+226%	35,3 k €
Operating result	-64,8 k €	-22.1%	-53,1 k €	-114%	386,9 k €	+963%	-44,8 k €	-126%	172,3 k €	-42.0%	297 k €	+498%	49,7 k €	+4493%	-1,1 k €	-102%	52,1 k €	+15.3%	45,1 k €	+14.2%	39,5 k €	-42.9%	69,3 k €	-81.4%	372,4 k €	+47.9%	251,8 k €	-0.1%	252,1 k €	+29.8%	194,3 k €	+92.0%	101,2 k €	+57.8%	64,1 k €	+335%	-27,3 k €
Net result	330,2 k €	+187%	115 k €	-55.6%	259 k €	+1841%	-14,9 k €	-112%	128,8 k €	-53.7%	277,9 k €	+781%	31,5 k €	+588%	-6,5 k €	-122%	29,7 k €	+828%	3,2 k €	-82.8%	18,6 k €	-45.2%	33,9 k €	-84.4%	217,8 k €	+66.3%	131 k €	+0.6%	130,2 k €	+36.4%	95,5 k €	+88.8%	50,6 k €	+131%	21,9 k €	+137%	-59,6 k €
Balance sheet
Equity	1,6 M €	+25.4%	1,3 M €	+9.7%	1,2 M €	+28.0%	924,6 k €	-16.7%	1,1 M €	+13.1%	980,8 k €	+39.5%	702,9 k €	+4.7%	671,4 k €	-1.0%	677,9 k €	+4.6%	648,2 k €	+0.5%	645 k €	+3.0%	626,4 k €	+5.7%	592,5 k €	+58.1%	374,7 k €	+53.7%	243,7 k €	+14.2%	213,5 k €	+81.0%	118 k €	+75.1%	67,4 k €	+48.3%	45,4 k €
Total assets	2,5 M €	+38.8%	1,8 M €	+29.1%	1,4 M €	+21.5%	1,2 M €	-10.0%	1,3 M €	+10.4%	1,2 M €	+19.3%	977,7 k €	-0.2%	979,9 k €	-4.2%	1 M €	+0.1%	1 M €	-4.9%	1,1 M €	-10.8%	1,2 M €	-8.0%	1,3 M €	-5.4%	1,4 M €	-5.2%	1,5 M €	-20.8%	1,8 M €	+75.6%	1 M €	-7.6%	1,1 M €	+25.0%	908 k €
Cash	92,8 k €	-55.1%	206,8 k €	+239%	61 k €	-86.9%	464,7 k €	+1493%	29,2 k €	-60.7%	74,3 k €		–		25,4 k €		–		–		3,2 k €	-91.8%	38,8 k €	-79.2%	186,9 k €	+601%	26,7 k €	+1184%	2,1 k €	-95.4%	45,5 k €		–		74,7 k €		–
Debts	845,2 k €	+80.3%	468,8 k €	+171%	173 k €	-4.9%	182 k €	+4.0%	174,9 k €	-5.6%	185,4 k €	-32.3%	273,7 k €	-11.3%	308,5 k €	-10.5%	344,8 k €	-7.7%	373,6 k €	-12.9%	429,1 k €	-25.3%	574,3 k €	-19.8%	716 k €	-29.0%	1 M €	-17.0%	1,2 M €	-25.4%	1,6 M €	+75.0%	931,2 k €	-12.8%	1,1 M €	+23.8%	862,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Marc Robert De Smedt

Director · since 17 octobre 2023

Active

Ended mandates

Marc De Smedt

Director · since 01 janvier 2020

Ended

Timour De Smedt

Manager · since 18 avril 2018

Ended

Veronique Honnay

Manager · since 18 avril 2018

Ended

Kenzo De Smedt

Manager · since 31 décembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
QUALIFIED RESOURCES ON CALL● Active	0837.912.229
Skilz● Active	0809.639.105

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	21/07/2026	14/07/2025	24/07/2024	12/12/2023	30/08/2022	01/12/2021
General meeting	29/06/2026	16/06/2025	15/06/2024	27/11/2023	15/06/2022	15/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/06/2026	21/07/2026	Dutch	PDF
Micro model	31/12/2024	16/06/2025	14/07/2025	Dutch	PDF
Micro model	31/12/2023	15/06/2024	24/07/2024	Dutch	PDF
Micro model	31/12/2022	27/11/2023	12/12/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	01/12/2021	Dutch	PDF
Micro model	31/12/2019	15/06/2020	31/10/2020	Dutch	PDF
Micro model	31/12/2018	16/06/2019	30/10/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	30/09/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	27/10/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	30/11/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	03/05/2016	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	30/01/2015	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	28/10/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	22/11/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	24/04/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/04/2008	08/12/2008	Dutch	PDF
Abridged model	31/12/2006	27/04/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 21 ended

Active mandates

Marc Robert De Smedt

Director · since 17 octobre 2023

Active

Ended mandates

Marc De Smedt

Director · since 01 janvier 2020

Ended

Timour De Smedt

Manager · since 18 avril 2018

Ended

Veronique Honnay

Manager · since 18 avril 2018

Ended

Kenzo De Smedt

Manager · since 31 décembre 2013

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/02/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2010
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/09/2007
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 2025330,2 k €↑
2024
Annual accounts 2024115 k €↓
2023
Annual accounts 2023259 k €↑
2022
Annual accounts 2022-14,9 k €↓
2021
Annual accounts 2021128,8 k €↓
2020
Annual accounts 2020277,9 k €↑
2019
Annual accounts 201931,5 k €↑
2018
Annual accounts 2018-6,5 k €↓
2017
Annual accounts 201729,7 k €↑
2016
Annual accounts 20163,2 k €↓
2015
Annual accounts 201518,6 k €↓
2014
Annual accounts 201433,9 k €↓
2013
Annual accounts 2013217,8 k €↑
2012
Annual accounts 2012131 k €↑
2011
Annual accounts 2011130,2 k €↑
2010
Annual accounts 201095,5 k €↑
2009
Annual accounts 200950,6 k €↑
2008
Annual accounts 200821,9 k €↑
2007
Annual accounts 2007-59,6 k €
03/03/1989
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 DECISION SUPPORT

Overview

What does MANAGEMENT DECISION SUPPORT 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