ACTIVE

M & L ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

262,8 k €

+359.4% YoY

Gross margin

744,7 k €

+54.1% YoY

Equity

318,8 k €

+184.0% YoY

Workforce

5,0 ETP

0.0% YoY

What does M & L ENGINEERING do?

M & L ENGINEERING is a Private limited company incorporated in 1991. Its main activity is: Electrical installation. Its registered office is in Ath. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.745.108

Incorporation

15/03/1991

Legal form

Private limited company

Registered office

Boulevard du Parc 35
7800 Ath · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (3)

14901
200
218

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	744,7 k €	+54.1%	483,4 k €	-16.7%	580,3 k €	+19.6%	485,2 k €	+6.1%	457,2 k €	-5.9%	485,8 k €	+0.6%	482,7 k €	-6.2%	514,6 k €	-6.1%	548,2 k €	-5.1%	577,5 k €	-2.6%	593,1 k €	+19.4%	496,9 k €	+14.0%	435,7 k €	+6.1%	410,7 k €	-28.8%	577,2 k €	+17.3%	492,1 k €	-14.9%	578,2 k €	+32.9%	434,9 k €	-7.0%	467,6 k €	+11.1%	421 k €
EBITDA	431 k €	+151%	171,5 k €	-29.0%	241,5 k €	+23.6%	195,4 k €	+7.7%	181,3 k €	-1.7%	184,4 k €	+11.3%	165,7 k €	-31.1%	240,7 k €	-3.7%	250 k €	-8.5%	273,3 k €	-19.9%	341,2 k €	+277%	90,6 k €	-43.0%	158,9 k €	+3.0%	154,3 k €	-12.5%	176,3 k €	+41.0%	125 k €	-49.9%	249,5 k €	+84.3%	135,3 k €	-19.0%	167 k €	+9.9%	151,9 k €
Operating result	381,3 k €	+353%	84,1 k €	-48.2%	162,2 k €	+40.3%	115,6 k €	+2.7%	112,6 k €	+11.8%	100,8 k €	+44.6%	69,7 k €	-57.4%	163,6 k €	+5.3%	155,3 k €	-0.7%	156,4 k €	-28.7%	219,5 k €	+876%	-28,3 k €	-139%	71,8 k €	+27.1%	56,5 k €	-38.0%	91,1 k €	+208%	29,6 k €	-80.5%	151,4 k €	+250%	43,2 k €	-32.3%	63,8 k €	-13.5%	73,8 k €
Net result	262,8 k €	+359%	57,2 k €	+11.3%	51,4 k €	+458%	9,2 k €	-73.1%	34,3 k €	+19.6%	28,7 k €	-47.5%	54,6 k €	+35.3%	40,4 k €	+96.1%	20,6 k €	-36.2%	32,3 k €	-62.4%	86 k €	+344%	-35,3 k €	-189%	39,5 k €	+27.5%	31 k €	-28.3%	43,2 k €	+347%	9,7 k €	-89.6%	93,4 k €	+839%	10 k €	-72.8%	36,6 k €	+4.7%	34,9 k €
Balance sheet
Equity	318,8 k €	+184%	112,3 k €	-1.5%	114 k €	-48.3%	220,5 k €	-30.8%	318,7 k €	+6.4%	299,4 k €	+4.8%	285,6 k €	-0.1%	285,9 k €	-0.6%	287,6 k €	+2.1%	281,8 k €	+6.6%	264,2 k €	+36.9%	193 k €	-20.9%	244 k €	+10.1%	221,6 k €	+6.6%	208 k €	-22.9%	269,7 k €	-2.4%	276,2 k €	+38.5%	199,4 k €	-3.5%	206,7 k €	+27.3%	162,4 k €
Total assets	597,3 k €	+11.2%	537,1 k €	-11.3%	605,4 k €	-2.6%	621,3 k €	+28.7%	482,8 k €	-19.3%	598,6 k €	-9.9%	664,7 k €	+8.5%	612,6 k €	-11.3%	691 k €	-24.1%	910 k €	-4.6%	953,9 k €	+1.4%	940,7 k €	+19.8%	785,4 k €	-4.0%	817,7 k €	-5.8%	867,7 k €	-11.1%	976,4 k €	-6.9%	1 M €	+8.6%	965,8 k €	-9.7%	1,1 M €	+5.3%	1 M €
Cash	88,1 k €	-37.1%	140,1 k €	+216%	44,3 k €	-80.4%	225,9 k €	+65.7%	136,3 k €	-20.4%	171,3 k €	+41.5%	121,1 k €	+120%	55,1 k €	-23.6%	72 k €	-16.6%	86,4 k €	-13.9%	100,4 k €	-18.6%	123,3 k €	+87.8%	65,7 k €	+81.9%	36,1 k €	-34.4%	55,1 k €	-34.1%	83,6 k €	+171%	30,9 k €	-69.2%	100,3 k €	-42.1%	173,3 k €	-22.2%	222,8 k €
Debts	261,2 k €	-35.2%	403,2 k €	-13.6%	466,6 k €	+23.5%	377,9 k €	+174%	138 k €	-50.4%	278,4 k €	-21.6%	355,3 k €	+18.2%	300,6 k €	-19.4%	372,8 k €	-39.0%	611,4 k €	-8.8%	670,7 k €	+0.1%	669,8 k €	+27.8%	524 k €	-9.5%	578,9 k €	-10.0%	642,9 k €	-6.6%	688,5 k €	-8.5%	752,5 k €	+0.8%	746,9 k €	-10.8%	837,3 k €	+1.4%	826,1 k €
Other
Workforce	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	-15.3%	5,9 ETP	-6.3%	6,3 ETP	+10.5%	5,7 ETP	-12.3%	6,5 ETP	+8.3%	6,0 ETP	0.0%	6,0 ETP	-4.8%	6,3 ETP	+10.5%	5,7 ETP	+11.8%	5,1 ETP	-34.6%	7,8 ETP	0.0%	7,8 ETP	+14.7%	6,8 ETP	-2.9%	7,0 ETP	+6.1%	6,6 ETP	+10.0%	6,0 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 · 4 ended

Active mandates

Didier Victor Mazowiecki

Manager · since 01 janvier 2012

Active

Ended mandates

Didier MAZOWIECKI

Administrator - manager · since 01 janvier 2012

Ended

Didier MAZOWIECKI

Manager · since 01 janvier 2012

Ended

Jerzy MAZOWIECKI

Manager · until 31 décembre 2011

Ended

JERZY MAZOWIECKI

Manager

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	01/06/2026	07/07/2025	28/06/2024	19/06/2023	21/06/2022	24/06/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	22/05/2023	23/05/2022	25/05/2021
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
Abridged model	31/12/2025	26/05/2026	01/06/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	27/05/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	22/05/2023	19/06/2023	French	PDF
Abridged model	31/12/2021	23/05/2022	21/06/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	24/06/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	14/09/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	22/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	23/05/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	17/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	23/05/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	24/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	18/08/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	28/05/2007	24/08/2007	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 · 4 ended

Active mandates

Didier Victor Mazowiecki

Manager · since 01 janvier 2012

Active

Ended mandates

Didier MAZOWIECKI

Administrator - manager · since 01 janvier 2012

Ended

Didier MAZOWIECKI

Manager · since 01 janvier 2012

Ended

Jerzy MAZOWIECKI

Manager · until 31 décembre 2011

Ended

JERZY MAZOWIECKI

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other09/01/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/01/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office09/02/2007
SIEGE SOCIAL
PDF
Capital / shares14/02/2006
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - 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 2025262,8 k €↑
2024
Annual accounts 202457,2 k €↑
2023
Annual accounts 202351,4 k €↑
2022
Annual accounts 20229,2 k €↓
2021
Annual accounts 202134,3 k €↑
2020
Annual accounts 202028,7 k €↓
2019
Annual accounts 201954,6 k €↑
2018
Annual accounts 201840,4 k €↑
2017
Annual accounts 201720,6 k €↓
2016
Annual accounts 201632,3 k €↓
2015
Annual accounts 201586 k €↑
2014
Annual accounts 2014-35,3 k €↓
2013
Annual accounts 201339,5 k €↑
2012
Annual accounts 201231 k €↓
2011
Annual accounts 201143,2 k €↑
2010
Annual accounts 20109,7 k €↓
2009
Annual accounts 200993,4 k €↑
2008
Annual accounts 200810 k €↓
2007
Annual accounts 200736,6 k €↑
2006
Annual accounts 200634,9 k €
15/03/1991
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 & L ENGINEERING

Overview

What does M & L ENGINEERING 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