ACTIVE

M+PIGS

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Financial year 2025 · closed on 30/09/2025

Net result

34,3 k €

-95.3% YoY

Gross margin

1,2 M €

-18.4% YoY

Equity

1,1 M €

+3.1% YoY

Workforce

4,0 ETP

0.0% YoY

What does M+PIGS do?

M+PIGS is a Private limited company incorporated in 1993. Its registered office is in Lochristi. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.592.903

Incorporation

28/12/1993

Legal form

Private limited company

Registered office

Smalle Heerweg 160
9080 Lochristi · FlandreSee on map

Contributed capital

902 000,00 €

Latest accounts

30/09/2025

Average workforce

4,0 ETP

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,2 M €	-18.4%	1,4 M €	+22.3%	1,2 M €	+2079%	54,2 k €	-93.8%	869 k €	-5.2%	916,7 k €	+59.7%	573,8 k €	-21.1%	727,6 k €	+18.2%	615,4 k €	-3.3%	636,6 k €	-7.4%	687,1 k €	-3.4%	711,4 k €	+13.9%	624,5 k €	-1.5%	634,1 k €	-9.4%	699,8 k €	+5.4%	663,8 k €	-8.1%	722,1 k €	-6.7%	773,8 k €
EBITDA	749,4 k €	-37.4%	1,2 M €	+29.4%	925,4 k €	+347%	-374,6 k €	-165%	579,5 k €	-9.4%	639,3 k €	+127%	282,2 k €	-40.9%	477,2 k €	+15.3%	414 k €	-2.4%	424,1 k €	-5.6%	449,1 k €	-8.1%	488,5 k €	+18.3%	413,1 k €	-9.4%	456,1 k €	-8.7%	499,6 k €	+0.2%	498,6 k €	-24.4%	659,4 k €	-9.1%	725,4 k €
Operating result	215 k €	-70.6%	731,9 k €	+65.4%	442,5 k €	+134%	-1,3 M €	-7656%	17,4 k €	-80.4%	88,6 k €	+1060%	7,6 k €	-95.9%	186,8 k €	+33.6%	139,8 k €	+2.5%	136,4 k €	-21.7%	174,2 k €	-17.5%	211,1 k €	+11.5%	189,3 k €	-17.5%	229,4 k €	-3.6%	237,9 k €	+3.7%	229,4 k €	-29.7%	326,5 k €	+101%	162,6 k €
Net result	34,3 k €	-95.3%	730,6 k €	+95.0%	374,7 k €	+132%	-1,2 M €	-2501%	48,5 k €	+418%	9,4 k €	+104%	-215,7 k €	-303%	106,2 k €	+320%	25,3 k €	+1203%	1,9 k €	-94.3%	34,1 k €	-38.2%	55,3 k €	+300%	13,8 k €	-44.8%	25,1 k €	-63.6%	68,9 k €	+84.6%	37,3 k €	-57.9%	88,6 k €	+259%	-55,7 k €
Balance sheet
Equity	1,1 M €	+3.1%	1,1 M €	+201%	363,7 k €	+198%	122 k €	-90.5%	1,3 M €	+3.9%	1,2 M €	+0.8%	1,2 M €	-14.9%	1,4 M €	+7.9%	1,3 M €	+1.9%	1,3 M €	+0.1%	1,3 M €	+2.7%	1,3 M €	+4.5%	1,2 M €	+1.1%	1,2 M €	+2.1%	1,2 M €	+6.2%	1,1 M €	+3.5%	1,1 M €	+9.0%	987,9 k €
Total assets	7,7 M €	+10.9%	6,9 M €	+4.4%	6,6 M €	-0.0%	6,6 M €	-10.2%	7,4 M €	-2.0%	7,5 M €	+20.8%	6,2 M €	+44.3%	4,3 M €	-4.4%	4,5 M €	-8.1%	4,9 M €	-3.2%	5,1 M €	-2.4%	5,2 M €	-3.2%	5,4 M €	-4.7%	5,7 M €	+1.6%	5,6 M €	-1.8%	5,7 M €	+0.4%	5,7 M €	-3.1%	5,8 M €
Cash	73,7 k €	-41.1%	125,2 k €	-8.0%	136,1 k €	+129%	59,4 k €	+396%	12 k €	-30.3%	17,2 k €	-55.2%	38,4 k €	+214%	12,2 k €	-85.7%	85,7 k €	+217%	27,1 k €	-73.9%	103,6 k €	+23.9%	83,6 k €	+31.1%	63,8 k €	-41.3%	108,8 k €	+69.6%	64,1 k €	-74.5%	251,2 k €	+493%	42,4 k €	-86.4%	311,7 k €
Debts	6,6 M €	+12.4%	5,8 M €	-7.0%	6,3 M €	-3.7%	6,5 M €	+6.8%	6,1 M €	-1.4%	6,2 M €	+23.4%	5 M €	+74.0%	2,9 M €	-9.5%	3,2 M €	-11.7%	3,6 M €	-4.6%	3,8 M €	-4.1%	3,9 M €	-5.4%	4,2 M €	-5.9%	4,4 M €	+1.5%	4,4 M €	-3.8%	4,5 M €	-0.3%	4,6 M €	-5.6%	4,8 M €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	-4.8%	4,2 ETP	-12.5%	4,8 ETP	-21.3%	6,1 ETP	+5.2%	5,8 ETP	-9.4%	6,4 ETP	-5.9%	6,8 ETP	+19.3%	5,7 ETP	+7.5%	5,3 ETP	-8.6%	5,8 ETP	+16.0%	5,0 ETP	0.0%	5,0 ETP	+22.0%	4,1 ETP	-22.6%	5,3 ETP	+17.8%	4,5 ETP	+125%	2,0 ETP	-33.3%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 12 ended

Active mandates

Bart Mouton

Director

Active

Ended mandates

Benedicte Dobbels

Manager · since 21 novembre 2011

Ended

Bart Mouton

Manager · since 11 novembre 2011

Ended

M+ Meat

Manager · since 23 mars 2010 · until 23 mars 2010 · 0430.497.084

Represented by Bart Mouton

Ended

M+ Meat

Manager · since 23 mars 2010 · 0430.497.084

Represented by Bart Mouton

Ended

At this address

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MAXIME MOUTON CONSULT● Active	0699.632.294
OLIVIER MOUTON CONSULT● Active	0705.974.512
WALSCHLAND● Active	0467.990.653

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	21 months	12 months	12 months
Filing date	30/04/2026	15/05/2025	28/04/2024	29/04/2023	29/11/2021	30/09/2020
General meeting	31/03/2026	31/03/2025	04/03/2024	06/03/2023	07/06/2021	31/08/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	15/05/2025	Dutch	PDF
Abridged model	30/09/2023	04/03/2024	28/04/2024	Dutch	PDF
Abridged model	30/09/2022	06/03/2023	29/04/2023	Dutch	PDF
Abridged modelCorrection	31/12/2020	07/06/2021	29/11/2021	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	30/09/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	25/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	19/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	11/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	30/08/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	30/06/2009	16/09/2009	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 1 active · 12 ended

Active mandates

Bart Mouton

Director

Active

Ended mandates

Benedicte Dobbels

Manager · since 21 novembre 2011

Ended

Bart Mouton

Manager · since 11 novembre 2011

Ended

M+ Meat

Manager · since 23 mars 2010 · until 23 mars 2010 · 0430.497.084

Represented by Bart Mouton

Ended

M+ Meat

Manager · since 23 mars 2010 · 0430.497.084

Represented by Bart Mouton

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates31/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/01/2008
KAPITAAL - AANDELEN
PDF
Capital / shares18/04/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR - BENAMING
PDF
Mandates25/01/2006
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
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 202534,3 k €↓
2024
Annual accounts 2024730,6 k €↑
2023
Annual accounts 2023374,7 k €↑
2022
Annual accounts 2022-1,2 M €↓
2020
Annual accounts 202048,5 k €↑
2019
Annual accounts 20199,4 k €↑
2018
Annual accounts 2018-215,7 k €↓
2017
Annual accounts 2017106,2 k €↑
2016
Annual accounts 201625,3 k €↑
2015
Annual accounts 20151,9 k €↓
2014
Annual accounts 201434,1 k €↓
2013
Annual accounts 201355,3 k €↑
2012
Annual accounts 201213,8 k €↓
2011
Annual accounts 201125,1 k €↓
2010
Annual accounts 201068,9 k €↑
2009
Annual accounts 200937,3 k €↓
2008
Annual accounts 200888,6 k €↑
2007
Annual accounts 2007-55,7 k €
28/12/1993
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+PIGS

Overview

What does M+PIGS do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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