ACTIVE

M&A TRANS

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Financial year 2025 · closed on 31/12/2025

Net result

12,5 k €

-44.8% YoY

Gross margin

81,2 k €

-49.5% YoY

Equity

213,7 k €

+2.6% YoY

What does M&A TRANS do?

M&A TRANS is a Private limited company incorporated in 1989. Its main activity is: Freight transport by road. Its registered office is in Andenne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.389.430

Incorporation

22/05/1989

Legal form

Private limited company

Registered office

Rue du Charbonnage 2
5300 Andenne · WallonieSee on map

Contributed capital

6 465,19 €

Latest accounts

31/12/2025

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 60242Television programming and broadcasting activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	81,2 k €	-49.5%	160,9 k €	+19.4%	134,8 k €	-16.4%	161,3 k €	-2.5%	165,4 k €	+11.7%	148,1 k €	+13.4%	130,6 k €	-13.2%	150,6 k €	+69.1%	89 k €	+15.4%	77,1 k €	+8.2%	71,3 k €	-12.5%	81,5 k €	+40.5%	58 k €	+6.5%	54,5 k €	+36.1%	40 k €	-36.1%	62,6 k €	+9.2%	57,3 k €	-19.6%	71,3 k €	+7.0%	66,6 k €	+20.7%	55,2 k €
EBITDA	58,9 k €	-29.5%	83,5 k €	+35.4%	61,7 k €	-12.0%	70,1 k €	-18.5%	86 k €	-10.8%	96,5 k €	+20.7%	80 k €	-21.0%	101,2 k €	+51.4%	66,8 k €	-13.2%	77 k €	+8.3%	71,1 k €	-12.6%	81,3 k €	+40.8%	57,8 k €	+6.2%	54,4 k €	+39.4%	39 k €	-37.6%	62,5 k €	+9.2%	57,3 k €	-19.5%	71,2 k €	+6.8%	66,6 k €	+21.4%	54,9 k €
Operating result	22,6 k €	-38.2%	36,5 k €	-8.6%	39,9 k €	+78.1%	22,4 k €	-47.8%	43 k €	-13.1%	49,5 k €	+244%	14,4 k €	-62.5%	38,4 k €	+18.3%	32,5 k €	-29.8%	46,3 k €	+76.0%	26,3 k €	-55.7%	59,3 k €	+81.9%	32,6 k €	+112%	15,4 k €	+313%	3,7 k €	-91.0%	41,3 k €	+14.6%	36,1 k €	-27.8%	50 k €	-25.0%	66,6 k €	+80.5%	36,9 k €
Net result	12,5 k €	-44.8%	22,5 k €	-0.1%	22,6 k €	+94.2%	11,6 k €	-60.9%	29,7 k €	-6.2%	31,6 k €	+615%	4,4 k €	-82.4%	25,1 k €	+42.3%	17,7 k €	-39.9%	29,4 k €	+35.0%	21,8 k €	-44.5%	39,2 k €	+46.1%	26,8 k €	+246%	7,7 k €	+267%	2,1 k €	-92.5%	28 k €	-5.7%	29,7 k €	-18.6%	36,5 k €	-42.9%	63,9 k €	+61.7%	39,5 k €
Balance sheet
Equity	213,7 k €	+2.6%	208,3 k €	+12.1%	185,7 k €	-3.9%	193,2 k €	+6.4%	181,6 k €	+19.5%	151,9 k €	+22.7%	123,8 k €	+3.7%	119,3 k €	-47.6%	227,9 k €	+8.4%	210,2 k €	+16.2%	180,8 k €	+13.7%	159,1 k €	-6.6%	170,3 k €	+7.6%	158,3 k €	-2.6%	162,6 k €	+0.8%	161,3 k €	+0.6%	160,2 k €	+1.1%	158,5 k €	+29.9%	122 k €	+31.1%	93,1 k €
Total assets	595,8 k €	+32.4%	450,2 k €	+33.0%	338,4 k €	+1.9%	331,9 k €	-15.7%	393,5 k €	+6.5%	369,6 k €	-5.5%	391,3 k €	-12.5%	447 k €	+44.6%	309,2 k €	+3.5%	298,7 k €	-1.2%	302,2 k €	+7.7%	280,7 k €	+13.6%	247,1 k €	+1.2%	244,2 k €	-14.9%	286,8 k €	+14.4%	250,8 k €	-2.5%	257,3 k €	-22.2%	330,5 k €	+91.9%	172,2 k €	-11.7%	195,1 k €
Cash	109,8 k €	+18.7%	92,5 k €	-25.2%	123,7 k €	-2.4%	126,7 k €	+2.8%	123,3 k €	+6.6%	115,6 k €	+66.2%	69,6 k €	-49.4%	137,6 k €	-19.1%	170,1 k €	+13.6%	149,7 k €	+6.4%	140,7 k €	-6.4%	150,4 k €	+12.3%	133,9 k €	-4.0%	139,5 k €	+2.3%	136,3 k €	-10.7%	152,6 k €	+18.5%	128,8 k €	-14.3%	150,3 k €	+19.9%	125,4 k €	+13.3%	110,7 k €
Debts	382,1 k €	+58.0%	241,9 k €	+58.6%	152,5 k €	+10.0%	138,7 k €	-34.6%	212 k €	-2.6%	217,7 k €	-18.6%	267,5 k €	-18.4%	327,7 k €	+303%	81,3 k €	-8.0%	88,4 k €	-27.1%	121,2 k €	-0.3%	121,6 k €	+58.2%	76,9 k €	-10.2%	85,6 k €	-31.1%	124,2 k €	+39.0%	89,4 k €	-7.9%	97 k €	-43.6%	172 k €	+246%	49,8 k €	-50.4%	100,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

Adrien HOLEMANS

Director · since 18 septembre 2024

Active

Michaël HOLEMANS

Director

Active

Ended mandates

Robert HOLEMANS

Manager

Ended

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	21/05/2026	30/07/2025	13/07/2024	31/08/2023	31/08/2022	28/07/2021
General meeting	06/05/2026	30/06/2025	20/06/2024	27/05/2023	06/06/2022	22/05/2021
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

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	06/05/2026	21/05/2026	French	PDF
Micro model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Micro model	31/12/2023	20/06/2024	13/07/2024	French	PDF
Micro model	31/12/2022	27/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	06/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	22/05/2021	28/07/2021	French	PDF
Micro model	31/12/2019	23/05/2020	31/07/2020	French	PDF
Micro model	31/12/2018	25/05/2019	31/07/2019	French	PDF
Micro model	31/12/2017	26/05/2018	29/06/2018	French	PDF
Micro model	31/12/2016	27/05/2017	14/08/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	30/07/2016	French	PDF
Abridged model	31/12/2014	23/05/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	24/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	27/03/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	29/07/2011	French	PDF
Abridged model	31/12/2009	22/05/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	23/05/2009	14/08/2009	French	PDF
Abridged model	31/12/2007	24/05/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 1 ended

Active mandates

Adrien HOLEMANS

Director · since 18 septembre 2024

Active

Michaël HOLEMANS

Director

Active

Ended mandates

Robert HOLEMANS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - SIEGE SOCIAL - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/11/2018
CAPITAL, ACTIONS
PDF
Capital / shares31/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office19/06/2008
SIEGE SOCIAL
PDF
Mandates30/12/2002
DEMISSIONS, NOMINATIONS - DENOMINATION - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
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 202512,5 k €↓
2024
Annual accounts 202422,5 k €↓
2023
Annual accounts 202322,6 k €↑
2022
Annual accounts 202211,6 k €↓
2021
Annual accounts 202129,7 k €↓
2020
Annual accounts 202031,6 k €↑
2019
Annual accounts 20194,4 k €↓
2018
Annual accounts 201825,1 k €↑
2017
Annual accounts 201717,7 k €↓
2016
Annual accounts 201629,4 k €↑
2015
Annual accounts 201521,8 k €↓
2014
Annual accounts 201439,2 k €↑
2013
Annual accounts 201326,8 k €↑
2012
Annual accounts 20127,7 k €↑
2011
Annual accounts 20112,1 k €↓
2010
Annual accounts 201028 k €↓
2009
Annual accounts 200929,7 k €↓
2008
Annual accounts 200836,5 k €↓
2007
Annual accounts 200763,9 k €↑
2006
Annual accounts 200639,5 k €
22/05/1989
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

M&A TRANS

Overview

What does M&A TRANS do?

Trend over 20 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