ACTIVE

MTRW Consulting

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Financial year 2025 · closed on 31/12/2025

Net result

16,9 k €

-66.5% YoY

Gross margin

35,9 k €

-47.4% YoY

Equity

7,6 k €

-91.5% YoY

What does MTRW Consulting do?

MTRW Consulting is a Private limited company incorporated in 1994. Its main activity is: Management consultancy activities. Its registered office is in Gavere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.623.477

Incorporation

09/05/1994

Legal form

Private limited company

Registered office

Steenweg 88C box 5
9890 Gavere · FlandreSee on map

Contributed capital

1 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 82100Office administrative and support activities 82110Combined office administrative service activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableLow riskPositive cashflowPositive EBITDA

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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	35,9 k €	-47.4%	68,3 k €	+188%	23,8 k €	+2031%	1,1 k €	+39.8%	797 €	+161%	-1,3 k €	-113%	10,2 k €	+123%	4,6 k €	-42.8%	8 k €	+9.8%	7,2 k €	+5.1%	6,9 k €	-14.9%	8,1 k €	+20.0%	6,8 k €	+4.6%	6,5 k €	+39.8%	4,6 k €	-16.8%	5,5 k €	-67.3%	16,9 k €	-63.1%	45,9 k €	+200%	15,3 k €	-0.5%	15,4 k €
EBITDA	34,9 k €	-48.3%	67,6 k €	+193%	23,1 k €	+4461%	506,5 €	+76.6%	286,8 €	+113%	-2,3 k €	-125%	9 k €	+156%	3,5 k €	-47.9%	6,8 k €	+15.9%	5,8 k €	+1.8%	5,7 k €	-14.4%	6,7 k €	+24.0%	5,4 k €	+3.4%	5,2 k €	+63.5%	3,2 k €	-25.2%	4,3 k €	-73.2%	15,9 k €	+56.8%	10,2 k €	-19.4%	12,6 k €	+2.3%	12,3 k €
Operating result	27,4 k €	-59.5%	67,6 k €	+193%	23,1 k €	+4461%	506,5 €	+76.6%	286,8 €	+113%	-2,3 k €	-1000%	252 €	+105%	-4,8 k €	-185%	-1,7 k €	-411%	543,3 €	+39.3%	389,9 €	-70.2%	1,3 k €	+111%	619,5 €	+172%	227,8 €	+115%	-1,5 k €	-1489%	-94,7 €	-101%	7,3 k €	+716%	893,1 €	-19.1%	1,1 k €	+24.1%	890,1 €
Net result	16,9 k €	-66.5%	50,3 k €	+179%	18 k €	+5494%	322,3 €	+0.4%	320,9 €	+114%	-2,3 k €	-1436%	175,2 €	+104%	-4,9 k €	-153%	-1,9 k €	-564%	418,1 €	+302%	103,9 €	-88.9%	936,8 €	+335%	215,3 €	+58.4%	136 €	+106%	-2,1 k €	-10955%	19,3 €	-70.5%	65,5 €	-69.2%	212,4 €	+327%	49,8 €	+179%	17,9 €
Balance sheet
Equity	7,6 k €	-91.5%	88,7 k €	+131%	38,4 k €	+88.5%	20,4 k €	+1.6%	20 k €	+1.6%	19,7 k €	-10.6%	22,1 k €	+0.8%	21,9 k €	-18.3%	26,8 k €	-6.7%	28,7 k €	+1.5%	28,3 k €	+0.4%	28,2 k €	+3.4%	27,3 k €	+0.8%	27,1 k €	+0.5%	26,9 k €	-7.2%	29 k €	+0.1%	29 k €	+0.2%	28,9 k €	+0.7%	28,7 k €	+0.2%	28,7 k €
Total assets	96,8 k €	-32.3%	143 k €	+185%	50,1 k €	+143%	20,7 k €	+2.1%	20,2 k €	-3.7%	21 k €	-42.1%	36,3 k €	+5.0%	34,5 k €	-20.0%	43,2 k €	+44.7%	29,8 k €	-2.5%	30,6 k €	-13.6%	35,4 k €	-22.5%	45,7 k €	+10.2%	41,5 k €	-12.0%	47,2 k €	-14.5%	55,2 k €	-4.7%	57,9 k €	+13.2%	51,1 k €	-28.3%	71,3 k €	+7.0%	66,7 k €
Cash	13,8 k €	-69.5%	45,2 k €	+99.5%	22,6 k €	+544%	3,5 k €	+44.1%	2,4 k €	+391%	496,7 €	-95.4%	10,9 k €	+78.1%	6,1 k €	+128%	2,7 k €	-83.4%	16,2 k €	-9.0%	17,8 k €	+20.3%	14,8 k €	-7.3%	15,9 k €	+2.5%	15,6 k €	-14.6%	18,2 k €	-9.2%	20,1 k €	+0.2%	20 k €	-14.1%	23,3 k €	+8083%	284,9 €	-95.7%	6,6 k €
Debts	89,2 k €	+64.2%	54,3 k €	+363%	11,7 k €	+4023%	284,8 €	+64.7%	172,9 €	-86.4%	1,3 k €	-91.0%	14,2 k €	+12.2%	12,6 k €	-22.8%	16,4 k €	+1379%	1,1 k €	-51.7%	2,3 k €	-68.1%	7,2 k €	-61.0%	18,4 k €	+27.7%	14,4 k €	-28.6%	20,2 k €	-22.6%	26,2 k €	-9.4%	28,9 k €	+30.1%	22,2 k €	-47.9%	42,6 k €	+12.1%	38 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Martin Thomas

Director · since 25 avril 2025

Active

Rita Wieme

Director · since 24 avril 2025

Active

Ended mandates

Martin Thomas

Managing director · since 24 novembre 2021 · until 23 novembre 2027

Ended

Wim De Keyser

Director · since 15 février 2019

Ended

Hilde DE PAUW

Director · since 28 décembre 2012 · until 15 février 2019

Ended

Hilde DE PAUW

Director · since 28 décembre 2012 · until 27 décembre 2024

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	28/07/2026	03/05/2025	06/06/2024	20/07/2023	08/07/2022	24/07/2021
General meeting	29/05/2026	16/04/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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
Micro model	31/12/2025	29/05/2026	28/07/2026	Dutch	PDF
Micro model	31/12/2024	16/04/2025	03/05/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	06/06/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	20/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	08/07/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	24/07/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	28/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	27/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	02/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	09/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	11/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	19/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	20/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	05/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 11 ended

Active mandates

Martin Thomas

Director · since 25 avril 2025

Active

Rita Wieme

Director · since 24 avril 2025

Active

Ended mandates

Martin Thomas

Managing director · since 24 novembre 2021 · until 23 novembre 2027

Ended

Wim De Keyser

Director · since 15 février 2019

Ended

Hilde DE PAUW

Director · since 28 décembre 2012 · until 15 février 2019

Ended

Hilde DE PAUW

Director · since 28 décembre 2012 · until 27 décembre 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/05/2025
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates10/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2020
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2008
ONTSLAGEN - BENOEMINGEN
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 202516,9 k €↓
2024
Annual accounts 202450,3 k €↑
2023
Annual accounts 202318 k €↑
2023
Name changeMTRW Consulting
2022
Annual accounts 2022322,3 €↑
2021
Annual accounts 2021320,9 €↑
2021
Name changeV.G.K. Drinkservice NV
2020
Annual accounts 2020-2,3 k €↓
2019
Annual accounts 2019175,2 €↑
2018
Annual accounts 2018-4,9 k €↓
2017
Annual accounts 2017-1,9 k €↓
2016
Annual accounts 2016418,1 €↑
2015
Annual accounts 2015103,9 €↓
2014
Annual accounts 2014936,8 €↑
2013
Annual accounts 2013215,3 €↑
2012
Annual accounts 2012136 €↑
2011
Annual accounts 2011-2,1 k €↓
2010
Annual accounts 201019,3 €↓
2009
Annual accounts 200965,5 €↓
2008
Annual accounts 2008212,4 €↑
2007
Annual accounts 200749,8 €↑
2006
Annual accounts 200617,9 €
2006
Name changeV.G.K. DRINK SERVICE
09/05/1994
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

MTRW Consulting

Overview

What does MTRW Consulting 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