ACTIVE

CHIRURGICAL MAINTENANCE

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Financial year 2025 · closed on 31/12/2025

Net result

292 k €

-4.2% YoY

Gross margin

1,8 M €

+1.9% YoY

Equity

778,4 k €

+5.3% YoY

Workforce

14,6 ETP

+4.3% YoY

What does CHIRURGICAL MAINTENANCE do?

CHIRURGICAL MAINTENANCE is a Private company with limited liability incorporated in 1990. Its registered office is in Flémalle. It employs on average 14,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.522.521

Incorporation

18/09/1990

Legal form

Private company with limited liability

Registered office

Rue des Semailles 17 box B
4400 Flémalle · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

14,6 ETP

Joint committees (3)

14904
200
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	1,8 M €	+1.9%	1,7 M €	+7.1%	1,6 M €	+21.9%	1,3 M €	-10.8%	1,5 M €	-2.0%	1,5 M €	+6.6%	1,4 M €	+6.7%	1,3 M €	-13.1%	1,5 M €	+0.2%	1,5 M €	+6.0%	1,5 M €	+4.6%	1,4 M €	-6.4%	1,5 M €	+13.3%	1,3 M €	+14.3%	1,1 M €	+8.8%	1,1 M €	-4.6%	1,1 M €	+39.6%	791,8 k €	+47.1%	538,2 k €	+31.6%	408,9 k €
EBITDA	418,8 k €	-6.1%	445,9 k €	+27.1%	350,7 k €	+28.3%	273,4 k €	-44.5%	492,7 k €	+16.4%	423,3 k €	+8.0%	392 k €	+35.3%	289,8 k €	-35.3%	448 k €	-6.1%	477,2 k €	+63.4%	292,1 k €	+19.9%	243,6 k €	-21.1%	308,9 k €	+24.1%	248,9 k €	+24.9%	199,3 k €	+122%	89,9 k €	-76.0%	374,6 k €	+514%	61 k €	+226%	-48,3 k €	-160%	79,8 k €
Operating result	363,3 k €	-9.5%	401,2 k €	+32.8%	302,1 k €	+33.9%	225,7 k €	-47.3%	428 k €	+23.4%	346,9 k €	+32.4%	262 k €	+56.7%	167,2 k €	-39.9%	278,4 k €	-2.9%	286,7 k €	+148%	115,4 k €	+47.2%	78,4 k €	-41.3%	133,6 k €	+70.0%	78,6 k €	-6.9%	84,4 k €	+458%	-23,6 k €	-108%	289,8 k €	+3891%	-7,6 k €	+92.3%	-98,7 k €	-456%	27,7 k €
Net result	292 k €	-4.2%	304,8 k €	+21.5%	250,9 k €	+26.0%	199,1 k €	-48.4%	386,2 k €	+23.5%	312,7 k €	+38.6%	225,7 k €	+70.3%	132,5 k €	-44.6%	239,1 k €	-6.8%	256,6 k €	+249%	73,5 k €	+9.5%	67,1 k €	-24.7%	89,1 k €	+8.5%	82,1 k €	+19.4%	68,7 k €	+229%	-53,2 k €	-121%	252,5 k €	+654%	-45,6 k €	+60.3%	-114,7 k €	-1577%	7,8 k €
Balance sheet
Equity	778,4 k €	+5.3%	739,3 k €	+3.1%	717,3 k €	+2.5%	699,6 k €	+4.5%	669,3 k €	+3.4%	647,3 k €	+1.0%	640,8 k €	+2.3%	626,6 k €	-1.4%	635,5 k €	-0.1%	636 k €	+6.8%	595,7 k €	-2.5%	610,9 k €	+13.0%	540,4 k €	+7.5%	502,5 k €	+10.0%	456,9 k €	+13.2%	403,8 k €	-11.6%	457 k €	+50.1%	304,5 k €	-16.5%	364,7 k €	-23.9%	479,4 k €
Total assets	2,7 M €	+3.6%	2,6 M €	+9.9%	2,3 M €	+11.0%	2,1 M €	+0.2%	2,1 M €	-7.1%	2,3 M €	-3.2%	2,3 M €	-2.0%	2,4 M €	-6.0%	2,5 M €	+0.3%	2,5 M €	-10.8%	2,8 M €	+2.5%	2,8 M €	-3.4%	2,9 M €	+11.7%	2,6 M €	+11.2%	2,3 M €	+4.4%	2,2 M €	+53.6%	1,4 M €	+8.5%	1,3 M €	+41.8%	934 k €	+5.7%	883,5 k €
Cash	52,6 k €	+15.9%	45,4 k €	+73.2%	26,2 k €	-19.6%	32,6 k €	-58.9%	79,2 k €	-24.2%	104,6 k €	-35.4%	161,9 k €	+9.4%	148 k €	-32.7%	219,9 k €	-12.4%	251 k €	+86.6%	134,5 k €	-40.8%	227,3 k €	+65.6%	137,3 k €	-13.3%	158,4 k €	+59.9%	99 k €	-23.6%	129,6 k €	-8.5%	141,6 k €	-3.0%	145,9 k €	+1637%	8,4 k €	-60.0%	21 k €
Debts	1,9 M €	+3.0%	1,8 M €	+13.0%	1,6 M €	+15.3%	1,4 M €	-1.9%	1,4 M €	-11.2%	1,6 M €	-4.8%	1,7 M €	-3.5%	1,8 M €	-7.6%	1,9 M €	+0.5%	1,9 M €	-15.6%	2,2 M €	+3.9%	2,2 M €	-7.2%	2,3 M €	+12.7%	2,1 M €	+11.5%	1,8 M €	+2.4%	1,8 M €	+84.0%	979,7 k €	-4.0%	1 M €	+79.2%	569,3 k €	+40.9%	404,1 k €
Other
Workforce	14,6 ETP	+4.3%	14,0 ETP	-4.8%	14,7 ETP	+16.7%	12,6 ETP	-0.8%	12,7 ETP	-5.9%	13,5 ETP	+8.9%	12,4 ETP	-4.6%	13,0 ETP	-9.1%	14,3 ETP	+1.4%	14,1 ETP	-7.2%	15,2 ETP	-1.9%	15,5 ETP	-3.1%	16,0 ETP	+3.2%	15,5 ETP	+10.7%	14,0 ETP	+2.2%	13,7 ETP	-6.2%	14,6 ETP	+25.9%	11,6 ETP	0.0%	11,6 ETP	+36.5%	8,5 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 · 1 active · 8 ended

Active mandates

M2S

Director · 0887.949.282

Represented by René BRUGMANS

Active

Ended mandates

M2S

Director · since 11 octobre 2006 · 0887.949.282

Represented by René Brugmans

Ended

RENE BRUGMANS

Mandate · since 11 octobre 2006

Ended

René BRUGMANS

Director · since 11 octobre 2006

Ended

René BRUGMANS

Manager · since 11 octobre 2006

Ended

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	29/08/2026	11/08/2025	06/08/2024	24/07/2023	29/09/2022	24/08/2021
General meeting	29/05/2026	30/06/2025	28/06/2024	30/06/2023	20/04/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	11/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	06/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Abridged modelCorrection	31/12/2021	20/04/2022	29/09/2022	French	PDF
Abridged model	31/12/2021	20/04/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	24/08/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	12/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	20/08/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	09/04/2016	21/06/2016	French	PDF
Abridged model	31/12/2014	11/04/2015	04/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	15/04/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	16/04/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	17/04/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	20/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	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 · 1 active · 8 ended

Active mandates

M2S

Director · 0887.949.282

Represented by René BRUGMANS

Active

Ended mandates

M2S

Director · since 11 octobre 2006 · 0887.949.282

Represented by René Brugmans

Ended

RENE BRUGMANS

Mandate · since 11 octobre 2006

Ended

René BRUGMANS

Director · since 11 octobre 2006

Ended

René BRUGMANS

Manager · since 11 octobre 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/08/2011
SIEGE SOCIAL - OBJET
PDF
Mandates10/02/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates26/10/2006
DEMISSIONS, NOMINATIONS
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 2025292 k €↓
2024
Annual accounts 2024304,8 k €↑
2023
Annual accounts 2023250,9 k €↑
2022
Annual accounts 2022199,1 k €↓
2021
Annual accounts 2021386,2 k €↑
2020
Annual accounts 2020312,7 k €↑
2019
Annual accounts 2019225,7 k €↑
2018
Annual accounts 2018132,5 k €↓
2017
Annual accounts 2017239,1 k €↓
2016
Annual accounts 2016256,6 k €↑
2015
Annual accounts 201573,5 k €↑
2014
Annual accounts 201467,1 k €↓
2013
Annual accounts 201389,1 k €↑
2012
Annual accounts 201282,1 k €↑
2011
Annual accounts 201168,7 k €↑
2010
Annual accounts 2010-53,2 k €↓
2009
Annual accounts 2009252,5 k €↑
2008
Annual accounts 2008-45,6 k €↑
2007
Annual accounts 2007-114,7 k €↓
2006
Annual accounts 20067,8 k €
18/09/1990
IncorporationPrivate company with limited liability

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

CHIRURGICAL MAINTENANCE

Overview

What does CHIRURGICAL MAINTENANCE 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