ACTIVE

M-SOURCE

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Financial year 2025 · closed on 31/12/2025
Net result
158,0 k €
+166.0% YoY
Revenue
970,6 k €
+12.3% YoY
Equity
2,2 M €
+7.9% YoY

What does M-SOURCE do?

M-SOURCE is a Public limited company incorporated in 1993. Its main activity is: Activities of head offices. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.898.569
Incorporation
20/04/1993
Legal form
Public limited company
Registered office
Waalkens 10
9030 Gent · FlandreSee on map
Contributed capital
427 459,04 €
Latest accounts
31/12/2025
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices74151Specialised design activities
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Revenue970,6 k €864,6 k €781,0 k €755,2 k €772,7 k €706,2 k €699,2 k €761,3 k €–––––––––––
EBITDA558,0 k €528,8 k €579,9 k €505,9 k €597,0 k €523,2 k €549,5 k €608,4 k €421,6 k €709,8 k €127,9 k €122,2 k €129,0 k €112,1 k €113,9 k €108,9 k €96,1 k €129,4 k €109,2 k €
Operating result430,8 k €402,6 k €462,7 k €414,9 k €475,4 k €366,8 k €479,3 k €537,5 k €204,5 k €485,3 k €104,4 k €95,8 k €105,6 k €87,7 k €85,1 k €80,3 k €70,0 k €103,2 k €66,7 k €
Net result158,0 k €-239,5 k €117,7 k €138,5 k €180,6 k €99,0 k €234,5 k €132,9 k €143,1 k €282,7 k €200,1 €58,8 k €88,6 k €52,8 k €58,3 k €47,8 k €31,4 k €52,7 k €8,1 k €
Balance sheet
Equity2,2 M €2,0 M €2,2 M €2,1 M €2,0 M €1,8 M €1,4 M €1,1 M €1,0 M €870,8 k €588,1 k €587,9 k €562,7 k €524,1 k €471,3 k €428,0 k €395,2 k €376,3 k €338,5 k €
Total assets3,6 M €3,7 M €4,0 M €3,5 M €3,2 M €3,4 M €3,1 M €3,1 M €2,7 M €1,9 M €1,1 M €1,2 M €1,2 M €1,1 M €1,1 M €1,1 M €1,1 M €1,2 M €1,2 M €
Cash27,3 k €43,9 k €111,6 k €71,8 k €29,4 k €5,4 k €14,7 k €7,6 k €41,6 k €35,8 k €3,0 k €51,5 k €6,6 k €7,2 k €3,0 k €689,1 €5,0 k €10,6 k €9,0 k €
Debts1,4 M €1,7 M €1,7 M €1,3 M €1,2 M €1,5 M €1,7 M €1,9 M €1,6 M €1,0 M €515,0 k €653,0 k €593,5 k €584,4 k €614,0 k €684,7 k €729,3 k €775,3 k €808,1 k €
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 · 2 active · 20 ended

Active mandates

Emiel SLOCK

Director · since 30 juillet 2020 · until 05 juin 2026

Active
Filip SLOCK

Managing director · since 30 juillet 2020 · until 05 juin 2026

Active

Ended mandates

Emiel SLOCK

Director · since 30 juillet 2020 · until 30 juillet 2026

Ended
Filip SLOCK

Managing director · since 30 juillet 2020 · until 30 juillet 2026

Ended
Emiel SLOCK

Director · since 21 août 2017 · until 02 juin 2023

Ended
Filip SLOCK

Director · since 21 août 2017 · until 02 juin 2023

Ended
At this address

Other companies at this address

CompanyCBE no.
INTERFACE LOGISTICS● Active
0502.353.201
MASTERBULK● Active
0460.694.273
M-FORCE● Active
0797.700.086
M-FORWARD● Active
0741.906.874
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date30/06/202622/07/202527/06/202418/10/202327/06/202211/10/2021
General meeting05/06/202613/06/202507/06/202412/09/202303/06/202208/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202630/06/2026DutchPDF
Full model31/12/202413/06/202522/07/2025DutchPDF
Full model31/12/202307/06/202427/06/2024DutchPDF
Full model31/12/202212/09/202318/10/2023DutchPDF
Full model31/12/202103/06/202227/06/2022DutchPDF
Full model31/12/202008/09/202111/10/2021DutchPDF
Full model31/12/201905/06/202008/06/2020DutchPDF
Full model31/12/201805/09/201917/09/2019DutchPDF
Abridged model31/12/201714/09/201826/09/2018DutchPDF
Abridged model31/12/201621/08/201721/09/2017DutchPDF
Abridged model28/02/201501/08/201524/09/2015DutchPDF
Abridged model28/02/201422/09/201426/09/2014DutchPDF
Abridged model28/02/201329/09/201308/10/2013DutchPDF
Abridged model29/02/201229/09/201201/10/2012DutchPDF
Abridged model28/02/201115/11/201107/12/2011DutchPDF
Abridged model28/02/201028/08/201015/10/2010DutchPDF
Abridged model28/02/200929/08/200903/11/2009DutchPDF
Abridged model29/02/200802/08/200820/10/2008DutchPDF
Abridged model28/02/200704/08/200719/09/2007DutchPDF
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 · 2 active · 20 ended

Active mandates

Emiel SLOCK

Director · since 30 juillet 2020 · until 05 juin 2026

Active
Filip SLOCK

Managing director · since 30 juillet 2020 · until 05 juin 2026

Active

Ended mandates

Emiel SLOCK

Director · since 30 juillet 2020 · until 30 juillet 2026

Ended
Filip SLOCK

Managing director · since 30 juillet 2020 · until 30 juillet 2026

Ended
Emiel SLOCK

Director · since 21 août 2017 · until 02 juin 2023

Ended
Filip SLOCK

Director · since 21 août 2017 · until 02 juin 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/02/2021
    KAPITAAL - AANDELEN
    PDF
  • Restructuring26/08/2020
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring23/06/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates25/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/03/2016
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates07/04/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares14/03/2014
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 2025158,0 k €↑
  2. 2024
    Annual accounts 2024-239,5 k €↓
  3. 2023
    Annual accounts 2023117,7 k €↓
  4. 2022
    Annual accounts 2022138,5 k €↓
  5. 2021
    Annual accounts 2021180,6 k €↑
  6. 2020
    Annual accounts 202099,0 k €↓
  7. 2019
    Annual accounts 2019234,5 k €↑
  8. 2018
    Annual accounts 2018132,9 k €↓
  9. 2017
    Annual accounts 2017143,1 k €↓
  10. 2016
    Annual accounts 2016282,7 k €↑
  11. 2015
    Annual accounts 2015200,1 €↓
  12. 2014
    Annual accounts 201458,8 k €↓
  13. 2013
    Annual accounts 201388,6 k €↑
  14. 2012
    Annual accounts 201252,8 k €↓
  15. 2011
    Annual accounts 201158,3 k €↑
  16. 2010
    Annual accounts 201047,8 k €↑
  17. 2009
    Annual accounts 200931,4 k €↓
  18. 2008
    Annual accounts 200852,7 k €↑
  19. 2007
    Annual accounts 20078,1 k €
  20. 20/04/1993
    IncorporationPublic limited company