ACTIVE

M2O

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

43,7 k €

-85.9% YoY

Gross margin

991,4 k €

-34.0% YoY

Equity

1,1 M €

-9.6% YoY

Workforce

15,7 ETP

+11.3% YoY

What does M2O do?

M2O is a Public limited company incorporated in 1989. Its registered office is in Perwez. It employs on average 15,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.533.841

Incorporation

20/05/1989

Legal form

Public limited company

Registered office

Chaussée de Charleroi 4
1360 Perwez · WallonieSee on map

Contributed capital

137 000,00 €

Latest accounts

31/12/2025

Average workforce

15,7 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	991,4 k €	-34.0%	1,5 M €	-4.4%	1,6 M €	-12.1%	1,8 M €	-4.1%	1,9 M €	+46.2%	1,3 M €	+13.4%	1,1 M €	-9.4%	1,2 M €	+40.9%	880,4 k €	-10.4%	982,8 k €	+14.5%	858,7 k €	+6.3%	807,7 k €	+27.0%	635,7 k €	-14.3%	742 k €	-10.1%	825,7 k €	+5.9%	779,7 k €	+30.1%	599,1 k €	-20.0%	748,8 k €	-9.5%	827,5 k €	+24.0%	667,3 k €
EBITDA	126 k €	-74.1%	486,5 k €	-5.2%	513,2 k €	+2.3%	501,5 k €	-25.8%	675,5 k €	+86.5%	362,2 k €	+17.4%	308,5 k €	-32.2%	454,8 k €	+439%	84,4 k €	-76.3%	356,1 k €	+38.0%	258,1 k €	+7.0%	241,1 k €	+119%	110 k €	+6.6%	103,2 k €	-65.2%	296,9 k €	-5.0%	312,5 k €	+38.8%	225,1 k €	-39.1%	369,6 k €	-31.4%	538,9 k €	+62.5%	331,5 k €
Operating result	56 k €	-86.3%	407,6 k €	-9.6%	450,8 k €	+7.7%	418,6 k €	-28.9%	588,3 k €	+109%	282 k €	+32.9%	212,3 k €	-41.8%	364,5 k €	+11024%	3,3 k €	-98.8%	274 k €	+51.0%	181,5 k €	+10.8%	163,8 k €	+1152%	13,1 k €	-5.0%	13,8 k €	-93.0%	197,2 k €	-14.6%	230,9 k €	+72.3%	134 k €	-50.5%	270,6 k €	-43.3%	477,3 k €	+87.1%	255,1 k €
Net result	43,7 k €	-85.9%	309,8 k €	-1.6%	314,9 k €	-2.4%	322,5 k €	-29.6%	457,9 k €	+98.4%	230,8 k €	+36.1%	169,6 k €	-38.0%	273,4 k €	+1578%	16,3 k €	-91.6%	194,8 k €	+31.3%	148,4 k €	+13.7%	130,6 k €	+561%	19,7 k €	+52.2%	13 k €	-91.6%	154,8 k €	-6.3%	165,2 k €	+36.7%	120,8 k €	-43.0%	211,8 k €	-38.3%	343,4 k €	+91.2%	179,6 k €
Balance sheet
Equity	1,1 M €	-9.6%	1,3 M €	+32.3%	958,4 k €	+1.5%	943,8 k €	+2.4%	921,6 k €	+0.8%	913,9 k €	-5.7%	969,3 k €	+0.9%	960,9 k €	-58.7%	2,3 M €	+0.7%	2,3 M €	+9.1%	2,1 M €	+1.5%	2,1 M €	+4.7%	2 M €	-7.4%	2,2 M €	+1.1%	2,1 M €	+4.2%	2 M €	+8.8%	1,9 M €	+6.8%	1,8 M €	+13.7%	1,5 M €	+28.4%	1,2 M €
Total assets	1,4 M €	-5.0%	1,5 M €	-9.0%	1,6 M €	+11.1%	1,5 M €	-14.0%	1,7 M €	+13.4%	1,5 M €	-35.8%	2,4 M €	-0.8%	2,4 M €	-6.3%	2,5 M €	+4.0%	2,4 M €	-0.3%	2,5 M €	+2.6%	2,4 M €	-28.9%	3,4 M €	+43.5%	2,3 M €	-7.3%	2,5 M €	+6.6%	2,4 M €	-8.2%	2,6 M €	+28.1%	2 M €	+19.1%	1,7 M €	+23.3%	1,4 M €
Cash	643,6 k €	+17.8%	546,3 k €	-27.9%	757,8 k €	+20.1%	631,1 k €	-31.2%	917,4 k €	+64.8%	556,7 k €	-15.5%	658,5 k €	+2.9%	639,7 k €	-17.1%	771,5 k €	+36.9%	563,5 k €	+18.3%	476,2 k €	-2.4%	487,8 k €	-64.8%	1,4 M €	+459%	248,1 k €	-19.0%	306,2 k €	-0.8%	308,5 k €	-31.7%	451,8 k €	+44.2%	313,2 k €	+1460%	20,1 k €	-73.5%	75,8 k €
Debts	277,9 k €	+26.8%	219,1 k €	-65.0%	626,8 k €	+32.4%	473,3 k €	-36.2%	741,4 k €	+31.7%	562,8 k €	-58.3%	1,4 M €	-0.0%	1,4 M €	+604%	192 k €	+68.2%	114,2 k €	-63.2%	310,1 k €	+12.9%	274,7 k €	-79.5%	1,3 M €	+604%	190,4 k €	-51.0%	388,3 k €	+27.5%	304,6 k €	-56.6%	701 k €	+175%	255,1 k €	+78.3%	143 k €	-13.2%	164,7 k €
Other
Workforce	15,7 ETP	+11.3%	14,1 ETP	-15.1%	16,6 ETP	-24.5%	22,0 ETP	-2.2%	22,5 ETP	+30.1%	17,3 ETP	+11.6%	15,5 ETP	-7.7%	16,8 ETP	-0.6%	16,9 ETP	+31.0%	12,9 ETP	+2.4%	12,6 ETP	+5.9%	11,9 ETP	+9.2%	10,9 ETP	-14.2%	12,7 ETP	+4.1%	12,2 ETP	+9.9%	11,1 ETP	+19.4%	9,3 ETP	-2.1%	9,5 ETP	+28.4%	7,4 ETP	-11.9%	8,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 35 ended

Active mandates

Alexandre BIGLIA

Director · until 30 avril 2028

Active

Cédric DUMONT de CHASSART

Director · until 30 avril 2028

Active

Luc UYTTENHOVE

Director · until 30 avril 2028

Active

Mickaël de MARCKEN de MERKEN

Managing director · until 30 avril 2028

Active

Ended mandates

Alexandre BIGLIA

Director · since 15 avril 2017 · until 30 avril 2023

Ended

Luc UYTTENHOVE

Director · since 15 avril 2017 · until 30 avril 2023

Ended

Patrice VEKEMANS

Director · since 15 avril 2017 · until 30 avril 2023

Ended

Cédric Dumont de Chassart

Director · since 18 avril 2011 · until 18 avril 2017

Ended

At this address

Other companies at this address

Company	CBE no.
Eucledia● Active	1031.824.632

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	04/06/2026	27/06/2025	17/07/2024	16/05/2023	20/06/2022	21/05/2021
General meeting	26/04/2026	19/04/2025	20/04/2024	15/04/2023	16/04/2022	17/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/04/2026	04/06/2026	French	PDF
Abridged model	31/12/2024	19/04/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	20/04/2024	17/07/2024	French	PDF
Abridged model	31/12/2022	15/04/2023	16/05/2023	French	PDF
Abridged model	31/12/2021	16/04/2022	20/06/2022	French	PDF
Abridged model	31/12/2020	17/04/2021	21/05/2021	French	PDF
Abridged model	31/12/2019	18/04/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	20/03/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	21/04/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	15/04/2017	09/06/2017	French	PDF
Abridged model	31/12/2015	16/04/2016	10/07/2016	French	PDF
Abridged model	31/12/2014	18/04/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	19/04/2014	23/07/2014	French	PDF
Abridged model	31/12/2012	20/04/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	21/04/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	03/05/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	17/04/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	18/04/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	19/04/2008	04/08/2008	French	PDF
Abridged model	31/12/2006	21/04/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 35 ended

Active mandates

Alexandre BIGLIA

Director · until 30 avril 2028

Active

Cédric DUMONT de CHASSART

Director · until 30 avril 2028

Active

Luc UYTTENHOVE

Director · until 30 avril 2028

Active

Mickaël de MARCKEN de MERKEN

Managing director · until 30 avril 2028

Active

Ended mandates

Alexandre BIGLIA

Director · since 15 avril 2017 · until 30 avril 2023

Ended

Luc UYTTENHOVE

Director · since 15 avril 2017 · until 30 avril 2023

Ended

Patrice VEKEMANS

Director · since 15 avril 2017 · until 30 avril 2023

Ended

Cédric Dumont de Chassart

Director · since 18 avril 2011 · until 18 avril 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates18/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/02/2018
CAPITAL, ACTIONS
PDF
Mandates26/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202543,7 k €↓
2024
Annual accounts 2024309,8 k €↓
2024
Name changeM2O
2023
Annual accounts 2023314,9 k €↓
2022
Annual accounts 2022322,5 k €↓
2021
Annual accounts 2021457,9 k €↑
2021
Name changePROMO PISCINES
2020
Annual accounts 2020230,8 k €↑
2019
Annual accounts 2019169,6 k €↓
2018
Annual accounts 2018273,4 k €↑
2017
Annual accounts 201716,3 k €↓
2016
Annual accounts 2016194,8 k €↑
2015
Annual accounts 2015148,4 k €↑
2014
Annual accounts 2014130,6 k €↑
2013
Annual accounts 201319,7 k €↑
2012
Annual accounts 201213 k €↓
2011
Annual accounts 2011154,8 k €↓
2010
Annual accounts 2010165,2 k €↑
2009
Annual accounts 2009120,8 k €↓
2008
Annual accounts 2008211,8 k €↓
2007
Annual accounts 2007343,4 k €↑
2006
Annual accounts 2006179,6 k €
20/05/1989
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

M2O

Overview

What does M2O do?

Trend over 20 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