ACTIVE

M en M Services

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Financial year 2024 · closed on 31/12/2024

Net result

131,3 k €

+123.3% YoY

Gross margin

483,2 k €

+44.6% YoY

Equity

959,5 k €

+15.9% YoY

Workforce

2,8 ETP

What does M en M Services do?

M en M Services is a Private limited company incorporated in 1993. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Antwerpen. It employs on average 2,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.132.656

Incorporation

05/04/1993

Legal form

Private limited company

Registered office

Terbekehofdreef 37 box A
2610 Antwerpen · FlandreSee on map

Contributed capital

20 000,05 €

Latest accounts

31/12/2024

Average workforce

2,8 ETP

Activities (NACE)

45201Maintenance and repair of motor vehicles· main 45203Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport 95311Repair of computers and personal and household goods 95313Repair of computers and personal and household goods 45111Sale of cars and light motor vehicles+7

Joint committees (2)

112
1120

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	483,2 k €	+44.6%	334,1 k €	+8.9%	306,9 k €	+20.8%	254,2 k €	-19.8%	316,7 k €	+9.7%	288,7 k €	-19.6%	359,2 k €	-0.8%	362,2 k €	-12.8%	415,1 k €	+23.3%	336,5 k €	-6.9%	361,6 k €	-8.9%	397 k €	+30.4%	304,4 k €	+24.7%	244,1 k €	-5.6%	258,7 k €	+20.5%	214,6 k €	+3.1%	208,2 k €	+47.3%	141,3 k €
EBITDA	272,8 k €	+70.0%	160,4 k €	+1.5%	158,1 k €	+41.4%	111,7 k €	-17.6%	135,6 k €	+48.9%	91 k €	-38.4%	147,9 k €	-26.2%	200,3 k €	+4.4%	192 k €	+41.2%	135,9 k €	-19.8%	169,4 k €	-9.4%	187,1 k €	+36.7%	136,8 k €	+35.9%	100,7 k €	-27.8%	139,5 k €	+15.2%	121,1 k €	-15.3%	142,9 k €	+49.3%	95,7 k €
Operating result	201,2 k €	+114%	94,1 k €	-1.1%	95,2 k €	+89.3%	50,3 k €	-26.8%	68,6 k €	+257%	19,2 k €	-73.9%	73,6 k €	-41.3%	125,4 k €	+5.2%	119,2 k €	+116%	55,3 k €	-42.4%	96,1 k €	-18.2%	117,4 k €	+67.7%	70 k €	+110%	33,4 k €	-74.4%	130,3 k €	+12.7%	115,7 k €	-6.1%	123,1 k €	+58.3%	77,8 k €
Net result	131,3 k €	+123%	58,8 k €	+0.8%	58,3 k €	+89.2%	30,8 k €	-25.6%	41,5 k €	+1505%	2,6 k €	-93.6%	40,5 k €	-48.4%	78,5 k €	+34.1%	58,6 k €	+136%	24,8 k €	-46.7%	46,6 k €	-22.1%	59,7 k €	+130%	26 k €	+3409%	-786,3 €	-101%	84,4 k €	+7.8%	78,3 k €	-9.3%	86,4 k €	+53.2%	56,4 k €
Balance sheet
Equity	959,5 k €	+15.9%	828,2 k €	+7.6%	769,4 k €	+8.2%	711,1 k €	+8.2%	657,2 k €	+6.7%	615,7 k €	+0.4%	613,1 k €	+7.1%	572,6 k €	+15.9%	494,1 k €	+13.4%	435,5 k €	+6.0%	410,7 k €	+12.8%	364,2 k €	+19.6%	304,4 k €	+9.3%	278,4 k €	-0.3%	279,2 k €	+43.3%	194,8 k €	+67.2%	116,5 k €	-65.2%	334,6 k €
Total assets	1,1 M €	+10.2%	1 M €	-3.4%	1,1 M €	-4.8%	1,1 M €	-0.4%	1,1 M €	+1.9%	1,1 M €	-9.8%	1,2 M €	+0.4%	1,2 M €	+1.8%	1,2 M €	+1.9%	1,2 M €	-1.1%	1,2 M €	-1.7%	1,2 M €	-2.2%	1,2 M €	-2.1%	1,2 M €	+266%	339,7 k €	+42.1%	239 k €	+70.3%	140,3 k €	-59.4%	345,7 k €
Cash	318,7 k €	+27.1%	250,9 k €	-42.7%	438 k €	+7.5%	407,6 k €	+12.5%	362,2 k €	+16.8%	310 k €	-4.9%	325,9 k €	+3.2%	315,7 k €	+31.1%	240,8 k €	+34.5%	179,1 k €	+50.8%	118,8 k €	+53.3%	77,5 k €	+13.1%	68,5 k €	+137%	28,9 k €	+46.8%	19,7 k €	-60.9%	50,4 k €	-13.3%	58,1 k €	-74.6%	228,7 k €
Debts	159,2 k €	-14.9%	187 k €	-33.6%	281,6 k €	-28.3%	392,6 k €	-12.8%	450,4 k €	-4.4%	471 k €	-20.4%	592 k €	-5.7%	628 k €	-8.4%	685,8 k €	-5.0%	722 k €	-4.9%	759,5 k €	-8.1%	826,2 k €	-9.4%	912,4 k €	-5.4%	964,5 k €	+1494%	60,5 k €	+37.0%	44,2 k €	+85.3%	23,8 k €	+115%	11,1 k €
Other
Workforce	2,8 ETP		–		2,4 ETP	-25.0%	3,2 ETP	-3.0%	3,3 ETP	-17.5%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 ETP	-23.1%	3,9 ETP	0.0%	3,9 ETP	+14.7%	3,4 ETP	-15.0%	4,0 ETP	+37.9%	2,9 ETP	+16.0%	2,5 ETP	+25.0%	2,0 ETP	+42.9%	1,4 ETP	+16.7%	1,2 ETP	+20.0%	1,0 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 31/12/2024 · 1 active · 12 ended

Active mandates

COWECO

Director · since 10 juillet 2021 · 0823.391.329

Represented by Costermans KURT

Active

Ended mandates

COWECO

Director · since 19 juillet 2021 · 0823.391.329

Represented by Costermans Kurt

Ended

COWECO

Director · since 10 juillet 2021 · 0823.391.329

Represented by Costermans KURT

Ended

Kurt Costermans

Director · since 10 mai 2011

Ended

Kurt Costermans

Manager · since 10 mai 2011

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/07/2025	18/07/2024	27/06/2023	10/08/2022	31/08/2021	09/06/2020
General meeting	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021	12/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	13/05/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	14/05/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/05/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/05/2022	10/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	12/05/2020	09/06/2020	Dutch	PDF
Abridged model	31/12/2018	14/05/2019	23/08/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	09/05/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	12/05/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/05/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/05/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/05/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	12/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/05/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	09/05/2007	28/08/2007	Dutch	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 31/12/2024 · 1 active · 12 ended

Active mandates

COWECO

Director · since 10 juillet 2021 · 0823.391.329

Represented by Costermans KURT

Active

Ended mandates

COWECO

Director · since 19 juillet 2021 · 0823.391.329

Represented by Costermans Kurt

Ended

COWECO

Director · since 10 juillet 2021 · 0823.391.329

Represented by Costermans KURT

Ended

Kurt Costermans

Director · since 10 mai 2011

Ended

Kurt Costermans

Manager · since 10 mai 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/08/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/06/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2007
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024131,3 k €↑
2023
Annual accounts 202358,8 k €↑
2022
Annual accounts 202258,3 k €↑
2021
Annual accounts 202130,8 k €↓
2021
Name changeM&M SERVICES
2019
Annual accounts 201941,5 k €↑
2018
Annual accounts 20182,6 k €↓
2017
Annual accounts 201740,5 k €↓
2016
Annual accounts 201678,5 k €↑
2015
Annual accounts 201558,6 k €↑
2014
Annual accounts 201424,8 k €↓
2013
Annual accounts 201346,6 k €↓
2012
Annual accounts 201259,7 k €↑
2011
Annual accounts 201126 k €↑
2010
Annual accounts 2010-786,3 €↓
2009
Annual accounts 200984,4 k €↑
2008
Annual accounts 200878,3 k €↓
2007
Annual accounts 200786,4 k €↑
2006
Annual accounts 200656,4 k €
2006
Name changeM en M Services
05/04/1993
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 en M Services

Overview

What does M en M Services do?

Trend over 18 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