ACTIVE

The Most International Courier

Financial year 2025 · Closed on 31/12/2025

Net result49,9 k €-6,3 %over 1 year
Gross margin578,5 k €-0,6 %over 1 year
Equity105 k €+23,4 %over 1 year
Workforce8,0 ETP-5,9 %over 1 year

Identity

Source · BCE/KBO

The Most International Courier is a Cooperative company with limited liability incorporated in 1990. Its main activity is: Other postal and courier activities. Its registered office is in Lasne. It employs on average 8,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0440.090.087
Incorporation
02/04/1990
Legal form
Cooperative company with limited liability
Registered office
Route de Beaumont 55B
1380 Lasne · WallonieSee on map
Contributed capital
26 260,00 €
Latest accounts
31/12/2025
Average workforce
8,0 ETP
Joint committees (2)
  • 140
  • 226
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin578,5 k €582 k €482,3 k €324,8 k €191,4 k €
EBITDA152,4 k €137,7 k €115,1 k €23,6 k €52,6 k €
Operating result77,9 k €82,6 k €73 k €2 k €20,1 k €
Net result49,9 k €53,3 k €46,6 k €-1 k €3,7 k €
Balance sheet
Equity105 k €85,1 k €71,8 k €45,2 k €46,2 k €
Total assets507,3 k €580,7 k €448,6 k €431,4 k €355,5 k €
Cash67,7 k €83,4 k €58,5 k €87,2 k €94,4 k €
Debts402,3 k €495,6 k €376,8 k €386,3 k €284,3 k €
Other
Workforce8,0 ETP8,5 ETP–5,5 ETP5,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Michel Rodaro

Mandate

Active

Ended mandates

Michel Rodaro

Director

Ended
Michel Rodaro

Administrator - manager

Ended
Michel Rodaro

Manager

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202617/06/202522/08/202415/06/202309/06/202217/05/2021
General meeting04/05/202605/05/202506/05/202402/05/202302/05/202203/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/05/202630/06/2026FrenchPDF
Abridged model31/12/202405/05/202517/06/2025FrenchPDF
Abridged modelCorrection31/12/202306/05/202422/08/2024FrenchPDF
Abridged model31/12/202306/05/202419/06/2024FrenchPDF
Abridged model31/12/202202/05/202315/06/2023FrenchPDF
Abridged model31/12/202102/05/202209/06/2022FrenchPDF
Abridged model31/12/202003/05/202117/05/2021FrenchPDF
Abridged model31/12/201904/05/202002/06/2020FrenchPDF
Abridged model31/12/201806/05/201903/07/2019FrenchPDF
Abridged model31/12/201707/05/201818/06/2018FrenchPDF
Abridged model31/12/201602/05/201712/06/2017FrenchPDF
Abridged model31/12/201502/05/201624/06/2016FrenchPDF
Abridged model31/12/201404/05/201517/08/2015FrenchPDF
Abridged model31/12/201305/05/201425/08/2014FrenchPDF
Abridged model31/12/201206/05/201320/06/2013FrenchPDF
Abridged model31/12/201107/05/201210/08/2012FrenchPDF
Abridged model31/12/201002/05/201115/06/2011FrenchPDF
Abridged model31/12/200903/05/201018/08/2010FrenchPDF
Abridged model31/12/200802/03/200928/07/2009FrenchPDF
Abridged model31/12/200706/03/200812/08/2008FrenchPDF
Abridged model31/12/200601/03/200729/08/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

1 active · 3 ended

Active mandates

Michel Rodaro

Mandate

Active

Ended mandates

Michel Rodaro

Director

Ended
Michel Rodaro

Administrator - manager

Ended
Michel Rodaro

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates12/12/2022
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares09/01/2018
    CAPITAL, ACTIONS
    PDF
  • Registered office06/03/2017
    SIEGE SOCIAL
    PDF
  • Capital / shares03/01/2014
    CAPITAL, ACTIONS
    PDF
  • Mandates22/03/2010
    SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202549,9 k €↓
  2. 2024
    Annual accounts 202453,3 k €↑
  3. 2024
    Name changeThe Most International Courier
  4. 2023
    Annual accounts 202346,6 k €↑
  5. 2022
    Annual accounts 2022-1 k €↓
  6. 2021
    Annual accounts 20213,7 k €↓
  7. 2020
    Annual accounts 202030,1 k €↑
  8. 2019
    Annual accounts 20191,5 k €↓
  9. 2018
    Annual accounts 20183,4 k €↑
  10. 2017
    Annual accounts 20172 k €↑
  11. 2016
    Annual accounts 2016-5,2 k €↓
  12. 2015
    Annual accounts 2015-1,2 k €↓
  13. 2014
    Annual accounts 2014542 €↓
  14. 2013
    Annual accounts 20133,7 k €↑
  15. 2012
    Annual accounts 20123,5 k €↑
  16. 2011
    Annual accounts 2011161 €↓
  17. 2010
    Annual accounts 20101,9 k €↓
  18. 2009
    Annual accounts 200911 k €↑
  19. 2008
    Annual accounts 20081,8 k €↓
  20. 2007
    Annual accounts 200723,1 k €↑
  21. 2006
    Annual accounts 2006-894 €
  22. 2006
    Name changeThe most International Courier M.I.C.
  23. 02/04/1990
    IncorporationCooperative company with limited liability