ACTIVE

M/Construction

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Financial year 2025 · closed on 31/12/2025

Net result

39,3 k €

+96.5% YoY

Gross margin

60,7 k €

+118.6% YoY

Equity

51,5 k €

+113.2% YoY

What does M/Construction do?

M/Construction is a Private limited company incorporated in 1996. Its registered office is in Haaltert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.223.149

Incorporation

18/06/1996

Legal form

Private limited company

Registered office

Kloetenstraat(HA) 6 box 3
9450 Haaltert · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	60,7 k €	+119%	27,8 k €	+386%	5,7 k €	-15.2%	6,7 k €	+327%	1,6 k €	-89.1%	14,5 k €	-30.3%	20,8 k €	-62.2%	54,9 k €	+1006%	-6,1 k €	-107%	85 k €	-34.4%	129,6 k €	-15.4%	153,3 k €	-14.4%	179,2 k €	+45.0%	123,6 k €	-17.4%	149,6 k €	+28.9%	116 k €	+4.8%	110,7 k €	-16.5%	132,6 k €	+87.7%	70,6 k €
EBITDA	58 k €	+118%	26,7 k €	+649%	3,6 k €	-34.6%	5,4 k €	+547%	-1,2 k €	-110%	12,8 k €	-35.8%	19,9 k €	-59.2%	48,8 k €	+260%	-30,6 k €	-227%	24 k €	+58.6%	15,1 k €	+3955%	-392,8 €	-101%	32,5 k €	+417%	-10,3 k €	-190%	11,4 k €	+40.5%	8,1 k €	-61.1%	20,8 k €	-64.0%	57,8 k €	+94.2%	29,8 k €
Operating result	57,6 k €	+129%	25,2 k €	+970%	2,4 k €	-40.0%	3,9 k €	+230%	-3 k €	-128%	11 k €	-37.4%	17,5 k €	-62.9%	47,2 k €	+207%	-44,1 k €	-505%	10,9 k €	+1226%	-968 €	+94.3%	-16,9 k €	-231%	12,9 k €	+143%	-30,3 k €	-252%	-8,6 k €	+16.3%	-10,3 k €	-443%	3 k €	-88.4%	25,8 k €	+1801%	1,4 k €
Net result	39,3 k €	+96.5%	20 k €	+2161%	883,6 €	-42.5%	1,5 k €	+127%	-5,8 k €	-174%	7,8 k €	-34.7%	11,9 k €	-73.9%	45,7 k €	+196%	-47,4 k €	-625%	9 k €	+2003%	429,1 €	+103%	-12,4 k €	-193%	13,3 k €	+142%	-31,5 k €	-93.3%	-16,3 k €	-17.1%	-13,9 k €	-722%	-1,7 k €	-109%	18,1 k €	+1160%	-1,7 k €
Balance sheet
Equity	51,5 k €	+113%	24,2 k €	+477%	4,2 k €	+26.7%	3,3 k €	+86.7%	1,8 k €	-76.5%	7,5 k €	+3246%	-239,2 €	+98.0%	-12,1 k €	+79.0%	-57,8 k €	-455%	-10,4 k €	+46.4%	-19,4 k €	+2.2%	-19,9 k €	-166%	-7,5 k €	+64.0%	-20,7 k €	-292%	10,8 k €	-60.2%	27,1 k €	-34.0%	41 k €	-4.0%	42,7 k €	+73.8%	24,6 k €
Total assets	62,7 k €	+125%	27,9 k €	+212%	8,9 k €	-25.6%	12 k €	+45.8%	8,2 k €	-58.3%	19,7 k €	+8.2%	18,2 k €	+341%	4,1 k €	-88.7%	36,5 k €	-40.3%	61,2 k €	+30.5%	46,9 k €	-36.0%	73,3 k €	-20.8%	92,5 k €	-1.8%	94,2 k €	-27.3%	129,5 k €	-46.8%	243,3 k €	+78.2%	136,5 k €	-26.5%	185,6 k €	-8.4%	202,6 k €
Cash	38,9 k €	+78.5%	21,8 k €	+473%	3,8 k €	+35.2%	2,8 k €	+130%	1,2 k €	+55.0%	789,6 €	-37.2%	1,3 k €		–		6,3 k €	+785%	707,3 €	-83.1%	4,2 k €	+164%	1,6 k €	-93.3%	23,8 k €	+16311%	144,8 €	-44.3%	260 €	-98.7%	20,2 k €	+431%	3,8 k €	-94.2%	65,8 k €	+619%	9,2 k €
Debts	11,2 k €	+202%	3,7 k €	-21.5%	4,7 k €	-45.5%	8,7 k €	+34.5%	6,5 k €	-47.2%	12,2 k €	-33.9%	18,5 k €	+13.6%	16,3 k €	-82.8%	94,3 k €	+31.8%	71,6 k €	+9.8%	65,2 k €	-29.3%	92,3 k €	-6.8%	99 k €	-13.3%	114,2 k €	+2.0%	111,9 k €	-45.1%	203,8 k €	+120%	92,4 k €	-35.3%	142,8 k €	-19.5%	177,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,7 ETP	-12.9%	3,1 ETP	-13.9%	3,6 ETP	0.0%	3,6 ETP	-2.7%	3,7 ETP	+23.3%	3,0 ETP	0.0%	3,0 ETP	+20.0%	2,5 ETP	+92.3%	1,3 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 31/12/2025 · 1 active · 6 ended

Active mandates

Marian Lupu

Director

Active

Ended mandates

Marian Lupu

Director · since 27 juin 2023

Ended

Nico De Cock

Director · since 18 juin 1996

Ended

Nico De Cock

Manager · since 18 juin 1996

Ended

KRIS JOSTEN

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van mede-eigenaars, Residentie Ten Ede te Haaltert, Kloetenstraat 6● Active	0880.409.909

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	10/06/2026	19/06/2025	18/06/2024	06/06/2023	16/06/2022	09/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

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	06/06/2026	10/06/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	19/06/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	18/06/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	06/06/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	16/06/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	09/06/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	17/06/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	14/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	08/07/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	26/06/2007	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 31/12/2025 · 1 active · 6 ended

Active mandates

Marian Lupu

Director

Active

Ended mandates

Marian Lupu

Director · since 27 juin 2023

Ended

Nico De Cock

Director · since 18 juin 1996

Ended

Nico De Cock

Manager · since 18 juin 1996

Ended

KRIS JOSTEN

Associate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202539,3 k €↑
2024
Annual accounts 202420 k €↑
2023
Annual accounts 2023883,6 €↓
2023
Name changeM/Construction
2022
Annual accounts 20221,5 k €↑
2021
Annual accounts 2021-5,8 k €↓
2021
Name changeNideco
2020
Annual accounts 20207,8 k €↓
2019
Annual accounts 201911,9 k €↓
2018
Annual accounts 201845,7 k €↑
2017
Annual accounts 2017-47,4 k €↓
2016
Annual accounts 20169 k €↑
2015
Annual accounts 2015429,1 €↑
2014
Annual accounts 2014-12,4 k €↓
2013
Annual accounts 201313,3 k €↑
2012
Annual accounts 2012-31,5 k €↓
2011
Annual accounts 2011-16,3 k €↓
2010
Annual accounts 2010-13,9 k €↓
2009
Annual accounts 2009-1,7 k €↓
2008
Annual accounts 200818,1 k €↑
2007
Annual accounts 2007-1,7 k €
18/06/1996
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/Construction

Overview

What does M/Construction do?

Trend over 19 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

Similar companies

Similar companies

Timeline