ACTIVE

M 5

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Financial year 2025 · closed on 31/12/2025

Net result

154,5 k €

+1.4% YoY

Gross margin

315,7 k €

-5.7% YoY

Equity

612,7 k €

-41.2% YoY

What does M 5 do?

M 5 is a Public limited company incorporated in 1994. Its main activity is: Management consultancy activities. Its registered office is in Grez-Doiceau.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.617.539

Incorporation

06/05/1994

Legal form

Public limited company

Registered office

Rue de la Plaine 23/2
1390 Grez-Doiceau · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities 74142Specialised design activities+3

Joint committees (1)

Signals

ProfitableSolid equityLow 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	315,7 k €	-5.7%	334,7 k €	+20.9%	276,8 k €	+4.5%	264,9 k €	+24.4%	212,9 k €	+344%	47,9 k €	-67.5%	147,6 k €	+10.0%	134,2 k €	+3.2%	130 k €	+1.0%	128,7 k €	-1.2%	130,2 k €	-19.6%	162 k €	-10.3%	180,6 k €	+35.1%	133,7 k €	-40.1%	223,4 k €	+2.9%	217 k €	-27.2%	298,2 k €	+18.9%	250,8 k €	+63.7%	153,2 k €	+31.5%	116,5 k €
EBITDA	226,5 k €	-9.6%	250,6 k €	+30.1%	192,6 k €	+2.1%	188,7 k €	+30.8%	144,3 k €	+341%	-59,9 k €	-278%	33,6 k €	+13.6%	29,6 k €	+6.4%	27,8 k €	-0.4%	27,9 k €	-6.3%	29,8 k €	-61.0%	76,5 k €	-21.9%	97,9 k €	+59.4%	61,4 k €	-55.1%	136,8 k €	+9.8%	124,6 k €	-44.4%	224,2 k €	+16.9%	191,7 k €	+106%	93 k €	+13.0%	82,3 k €
Operating result	217,1 k €	+5.5%	205,8 k €	+23.9%	166,1 k €	+3.1%	161,2 k €	+18.6%	135,9 k €	+300%	-68,1 k €	-372%	25 k €	-1.6%	25,4 k €	+9.1%	23,3 k €	+16.3%	20 k €	-8.4%	21,9 k €	-68.5%	69,5 k €	-23.4%	90,7 k €	+130%	39,4 k €	-57.8%	93,3 k €	+13.3%	82,4 k €	-39.1%	135,2 k €	-1.0%	136,6 k €	+183%	48,3 k €	-10.0%	53,7 k €
Net result	154,5 k €	+1.4%	152,4 k €	+30.8%	116,5 k €	+7.7%	108,2 k €	+14.9%	94,2 k €	-73.7%	358,5 k €	+5077%	6,9 k €	+17.1%	5,9 k €	+301%	1,5 k €	-4.7%	1,5 k €	-88.0%	12,8 k €	-68.5%	40,8 k €	-26.7%	55,6 k €	+2593%	-2,2 k €	-105%	46,5 k €	+21.4%	38,3 k €	-45.2%	70 k €	-8.3%	76,3 k €	+317%	18,3 k €	-30.0%	26,1 k €
Balance sheet
Equity	612,7 k €	-41.2%	1 M €	+19.4%	872 k €	+15.4%	755,5 k €	+16.7%	647,3 k €	+17.0%	553,1 k €	+184%	194,6 k €	+3.7%	187,7 k €	+3.3%	181,7 k €	+0.8%	180,3 k €	+0.9%	178,7 k €	+7.7%	165,9 k €	+32.6%	125,1 k €	+14.3%	109,5 k €	-8.5%	119,7 k €	+47.5%	81,2 k €	-45.2%	148,2 k €	-16.8%	178,3 k €	+62.1%	110 k €	+10.3%	99,7 k €
Total assets	1,3 M €	+11.2%	1,1 M €	+17.8%	960,7 k €	+11.1%	864,5 k €	-3.5%	896,1 k €	+5.9%	845,9 k €	+81.2%	466,9 k €	-2.0%	476,4 k €	+2.5%	464,6 k €	-4.0%	484,1 k €	-9.2%	532,9 k €	-1.2%	539,2 k €	+16.5%	462,7 k €	-1.8%	471 k €	+27.5%	369,5 k €	-34.1%	560,7 k €	-0.5%	563,2 k €	+6.1%	530,8 k €	+33.2%	398,6 k €	+38.2%	288,5 k €
Cash	449,2 k €	-18.4%	550,8 k €	+449%	100,2 k €	-79.9%	498,9 k €	-24.1%	657,4 k €	+23.4%	532,5 k €	+1232%	40 k €	+289%	10,3 k €		–		–		–		30,2 k €		–		–		–		–		1,1 k €	0.0%	1,1 k €	0.0%	1,1 k €	-97.5%	44,8 k €
Debts	608,3 k €	+1007%	55 k €	-38.0%	88,7 k €	-18.7%	109 k €	-56.2%	248,9 k €	-15.0%	292,8 k €	+7.5%	272,3 k €	-5.7%	288,8 k €	+2.1%	282,8 k €	-6.9%	303,7 k €	-14.3%	354,2 k €	-4.1%	369,1 k €	+9.7%	336,5 k €	-6.5%	360,1 k €	+44.8%	248,6 k €	-48.0%	478,3 k €	+15.3%	415 k €	+17.7%	352,5 k €	+22.2%	288,6 k €	+52.9%	188,8 k €
Other
Workforce	–		–		–		–		–		–		1,6 ETP	+6.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+15.4%	1,3 ETP	0.0%	1,3 ETP	0.0%	1,3 ETP	-7.1%	1,4 ETP	-6.7%	1,5 ETP	+15.4%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	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 31/12/2025 · 5 active · 15 ended

Active mandates

Estelle MENTIOR

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Jean-Louis Mentior

Managing director · since 25 juillet 2022 · until 24 juillet 2028

Active

Martine WELLENS

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Nicolas Mentior

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Sebastien DELBEKE

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Ended mandates

Sophie MENTIOR

Director · since 25 juillet 2022 · until 24 juillet 2028

Ended

Estelle MENTIOR

Director · since 25 juillet 2016 · until 24 juillet 2022

Ended

Jean-Louis MENTIOR

Managing director · since 25 juillet 2016 · until 24 juillet 2022

Ended

Martine WELLENS

Director · since 25 juillet 2016 · until 24 juillet 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/07/2026	27/05/2025	09/07/2024	24/07/2023	15/07/2022	16/07/2021
General meeting	30/06/2026	13/05/2025	01/07/2024	09/05/2023	10/05/2022	11/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	29/07/2026	French	PDF
Micro model	31/12/2024	13/05/2025	27/05/2025	French	PDF
Micro model	31/12/2023	01/07/2024	09/07/2024	French	PDF
Micro model	31/12/2022	09/05/2023	24/07/2023	French	PDF
Micro model	31/12/2021	10/05/2022	15/07/2022	French	PDF
Micro model	31/12/2020	11/05/2021	16/07/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	27/07/2020	French	PDF
Abridged modelCorrection	31/12/2018	29/08/2019	30/09/2019	French	PDF
Abridged model	31/12/2018	29/08/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	30/08/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	24/08/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	25/07/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	27/08/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	26/09/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	18/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	04/08/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	11/07/2007	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 · 5 active · 15 ended

Active mandates

Estelle MENTIOR

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Jean-Louis Mentior

Managing director · since 25 juillet 2022 · until 24 juillet 2028

Active

Martine WELLENS

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Nicolas Mentior

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Sebastien DELBEKE

Director · since 25 juillet 2022 · until 24 juillet 2028

Active

Ended mandates

Sophie MENTIOR

Director · since 25 juillet 2022 · until 24 juillet 2028

Ended

Estelle MENTIOR

Director · since 25 juillet 2016 · until 24 juillet 2022

Ended

Jean-Louis MENTIOR

Managing director · since 25 juillet 2016 · until 24 juillet 2022

Ended

Martine WELLENS

Director · since 25 juillet 2016 · until 24 juillet 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates03/02/2010
DEMISSIONS, NOMINATIONS
PDF
Registered office13/06/2007
SIEGE SOCIAL
PDF
Mandates28/04/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
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 2025154,5 k €↑
2024
Annual accounts 2024152,4 k €↑
2023
Annual accounts 2023116,5 k €↑
2022
Annual accounts 2022108,2 k €↑
2021
Annual accounts 202194,2 k €↓
2020
Annual accounts 2020358,5 k €↑
2019
Annual accounts 20196,9 k €↑
2018
Annual accounts 20185,9 k €↑
2017
Annual accounts 20171,5 k €↓
2016
Annual accounts 20161,5 k €↓
2015
Annual accounts 201512,8 k €↓
2014
Annual accounts 201440,8 k €↓
2013
Annual accounts 201355,6 k €↑
2012
Annual accounts 2012-2,2 k €↓
2011
Annual accounts 201146,5 k €↑
2010
Annual accounts 201038,3 k €↓
2009
Annual accounts 200970 k €↓
2008
Annual accounts 200876,3 k €↑
2007
Annual accounts 200718,3 k €↓
2006
Annual accounts 200626,1 k €
06/05/1994
IncorporationPublic 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 5

Overview

What does M 5 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