ACTIVE

M-Fellow

Financial year 2025 · Closed on 31/12/2025

Net result19,8 k €+40,1 %over 1 year

Gross margin27,9 k €+47,1 %over 1 year

Equity-3,4 k €+85,3 %over 1 year

Identity

Source · BCE/KBO

M-Fellow is a Private limited company incorporated in 1994. Its main activity is: Advertising agencies. Its registered office is in Antwerpen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0452.775.511
Incorporation: 27/05/1994
Legal form: Private limited company
Registered office: Jozef Ickxstraat 43
2180 Antwerpen · FlandreSee on map
Contributed capital: 18 592,01 €
Latest accounts: 31/12/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 73120Media representation 73120Media representation

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	27,9 k €	+47.1%	19 k €	+1184%	1,5 k €	-91.6%	17,5 k €	+3.3%	17 k €
EBITDA	27,5 k €	+48.5%	18,5 k €	+1611%	1,1 k €	-93.7%	17,2 k €	+4.1%	16,5 k €
Operating result	26,5 k €	+46.8%	18,1 k €	+2381%	729,1 €	-95.7%	17,1 k €	+59.6%	10,7 k €
Net result	19,8 k €	+40.1%	14,2 k €	+1758%	-854,6 €	-107%	12,4 k €	+68.1%	7,4 k €
Balance sheet
Equity	-3,4 k €	+85.3%	-23,3 k €	+37.8%	-37,4 k €	-2.3%	-36,6 k €	+25.4%	-49 k €
Total assets	23,1 k €	+84.7%	12,5 k €	+11.7%	11,2 k €	-29.0%	15,8 k €	-12.6%	18 k €
Cash	6,6 k €	+362%	1,4 k €	+99.9%	718,5 €	-82.2%	4 k €	-18.6%	5 k €
Debts	26,5 k €	-21.9%	34 k €	-30.1%	48,6 k €	-7.1%	52,4 k €	-21.9%	67,1 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Brouns	Directorsince 28/10/2011Manager28/10/2011 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
RENE SEGERS	Administrator - manager2010 accounts

Other companies at this address

Jozef Ickxstraat 43 2180 Antwerpen

Company	CBE no.
BBAM COMMUNICATIONS● Active	0467.171.497
Corpus Nexus● Active	1044.527.078

Full financial information

Source · NBB

	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	28/08/2026	30/08/2025	31/07/2024	31/08/2023	08/08/2022	26/07/2021
General meeting	30/06/2026	01/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	01/06/2025	30/08/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	08/08/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	26/07/2021	Dutch	PDF
Micro model	31/12/2019	17/08/2020	28/08/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	22/07/2019	Dutch	PDF
Micro model	31/12/2017	11/05/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	12/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	08/07/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	10/07/2009	Dutch	PDF
Abridged model	31/12/2007	01/06/2008	16/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	04/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Brouns	Directorsince 28/10/2011Manager28/10/2011 → 2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
RENE SEGERS	Administrator - manager2010 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other05/08/2026
adreswijziging
PDF
Mandates13/02/2024
ONTSLAGEN, BENOEMINGEN, WIJZIGING RECHTSVORM,
PDF
Registered office14/12/2012
NAAMSWIJZIGING - ZETELVERPLAATSING - DOELSWIJZIGING -
PDF
Mandates16/12/2011
ontslag & benoeming zaakvoerder - adreswijziging
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Bart Brouns

RENE SEGERS

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

M-Fellow

Jozef Ickxstraat 43, 2180 Ekeren (Antwerp)Brusselsesteenweg 210 bus 3, 3080 Tervuren

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Jozef Ickxstraat 43, 2180 Ekeren (Antwerp)Current	accounts 2025	Accounts 2025 · 2026-00451974
Brusselsesteenweg 210 bus 3, 3080 Tervuren	accounts 2021 → 2024	Accounts 2024 · 2025-00468350

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
M-FellowCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00451974

Events

2025
Annual accounts 202519,8 k €↑
2024
Annual accounts 202414,2 k €↑
2023
Annual accounts 2023-854,6 €↓
2022
Annual accounts 202212,4 k €↑
2021
Annual accounts 20217,4 k €↑
2019
Annual accounts 20196,6 k €↑
2018
Annual accounts 20181,9 k €↓
2017
Annual accounts 20174,9 k €↑
2016
Annual accounts 20161,1 k €↑
2015
Annual accounts 2015352,2 €↓
2014
Annual accounts 201419,5 k €↓
2013
Annual accounts 201327,8 k €↑
2012
Annual accounts 2012-6,8 k €↓
2011
Annual accounts 2011
2010
Annual accounts 2010-553,1 €↑
2009
Annual accounts 2009
2008
Annual accounts 2008-61,9 k €↓
2007
Annual accounts 200710,9 k €↑
2006
Annual accounts 20061,2 k €
27/05/1994
IncorporationPrivate limited company

M-Fellow

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events