Groupe MDS
0459.839.584 · rovalta.com · 23/09/2026
ACTIVE
Groupe MDS
Financial year 2025 · closed on 31/12/2025
Net result
219,6 k €
-11.8% YoY
Gross margin
1,2 M €
+28.1% YoY
Equity
1,1 M €
+25.6% YoY
Workforce
12,8 ETP
+19.6% YoY
Overview
What does Groupe MDS do?
Groupe MDS is a Public limited company incorporated in 1997. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Jette. It employs on average 12,8 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0459.839.584
Incorporation
24/01/1997
Legal form
Public limited company
Registered office
Av. du Bourg. Etienne Demunter 5 box 10
1090 Jette · BruxellesSee on map
1090 Jette · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
12,8 ETP
Activities (NACE)
69201Accounting, bookkeeping and auditing activities; tax consultancy· main69202Accounting, bookkeeping and auditing activities; tax consultancy74121Specialised design activities69201Accounting, bookkeeping and auditing activities; tax consultancy70200Management consultancy activities70220Business and other management consultancy activities+5
Joint committees (2)
- 218
- 336
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | 1,2 M € | +28.1% | 901,2 k € | -13.0% | 1 M € | +23.9% | 835,8 k € | +15.0% | 726,7 k € | +29.0% | 563,5 k € | +0.9% | 558,7 k € | +3.6% | 539,4 k € | +19.5% | 451,4 k € | +7.1% | 421,6 k € | +0.8% | 418,5 k € | +90.9% | 219,3 k € | +105% | 107 k € | -21.1% | 135,6 k € | +41.7% | 95,7 k € | -46.3% | 178,1 k € | +157% | 69,2 k € | -45.4% | 126,9 k € | -8.6% | 138,7 k € | +20.1% | 115,5 k € |
| EBITDA | 442,7 k € | +33.2% | 332,2 k € | -34.7% | 509,2 k € | +27.4% | 399,7 k € | +29.0% | 309,9 k € | -0.4% | 311,2 k € | +16.7% | 266,7 k € | +8.4% | 246 k € | +20.2% | 204,6 k € | +1.4% | 201,7 k € | -29.7% | 286,8 k € | +267% | 78,1 k € | +22.9% | 63,6 k € | -26.1% | 86 k € | +3.0% | 83,5 k € | -47.1% | 157,9 k € | +87.7% | 84,1 k € | -29.4% | 119,2 k € | -9.8% | 132,2 k € | +26.5% | 104,5 k € |
| Operating result | 325 k € | -4.4% | 340,1 k € | -26.7% | 464,1 k € | +54.2% | 300,9 k € | +9.9% | 273,7 k € | -5.2% | 288,6 k € | +52.2% | 189,6 k € | -11.2% | 213,6 k € | +28.4% | 166,3 k € | +6.3% | 156,4 k € | -36.8% | 247,7 k € | +655% | 32,8 k € | +2.5% | 32 k € | -51.1% | 65,4 k € | +40.2% | 46,6 k € | -61.2% | 120,1 k € | +87.0% | 64,2 k € | -20.1% | 80,4 k € | -7.3% | 86,8 k € | +58.8% | 54,7 k € |
| Net result | 219,6 k € | -11.8% | 248,9 k € | -27.7% | 344,2 k € | +57.0% | 219,2 k € | +6.3% | 206,1 k € | -1.7% | 209,7 k € | +70.5% | 123 k € | -16.2% | 146,9 k € | +44.3% | 101,8 k € | +4.1% | 97,8 k € | -39.5% | 161,7 k € | +612% | 22,7 k € | -25.1% | 30,3 k € | -11.5% | 34,2 k € | +172% | -47,6 k € | -161% | 78,5 k € | +98.3% | 39,6 k € | -6.3% | 42,3 k € | -14.9% | 49,6 k € | +165% | 18,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 1,1 M € | +25.6% | 854,2 k € | +16.8% | 731,3 k € | +44.1% | 507,6 k € | +29.8% | 391,2 k € | +37.2% | 285,1 k € | -48.2% | 550,4 k € | +4.4% | 527,4 k € | +9.8% | 480,5 k € | +0.4% | 478,7 k € | -9.9% | 531,1 k € | +4.9% | 506,2 k € | +4.7% | 483,4 k € | +6.7% | 453,1 k € | -20.3% | 568,9 k € | -7.7% | 616,5 k € | +14.6% | 538 k € | +7.9% | 498,4 k € | +9.3% | 456,1 k € | +12.2% | 406,4 k € |
| Total assets | 1,8 M € | +1.0% | 1,8 M € | +0.8% | 1,8 M € | +9.6% | 1,6 M € | -4.7% | 1,7 M € | +5.4% | 1,6 M € | +95.4% | 835,2 k € | +2.8% | 812,1 k € | -7.3% | 875,9 k € | -5.7% | 928,6 k € | +2.2% | 908,4 k € | +19.8% | 758,5 k € | +8.4% | 700 k € | +9.4% | 639,7 k € | -16.7% | 768 k € | -18.8% | 945,9 k € | +29.5% | 730,3 k € | -2.6% | 749,5 k € | +7.9% | 694,9 k € | +3.4% | 671,9 k € |
| Cash | 500,7 k € | +127% | 220,7 k € | -7.8% | 239,5 k € | +15.6% | 207,2 k € | -27.2% | 284,7 k € | -19.5% | 353,5 k € | +141% | 146,9 k € | -17.0% | 176,9 k € | -23.2% | 230,5 k € | -13.7% | 267,2 k € | +55.0% | 172,4 k € | +26.6% | 136,1 k € | -31.0% | 197,4 k € | +12.7% | 175,1 k € | -31.4% | 255,4 k € | +307% | 62,8 k € | -34.9% | 96,4 k € | -9.9% | 107 k € | +92.3% | 55,6 k € | -3.1% | 57,4 k € |
| Debts | 751,9 k € | -21.3% | 955,9 k € | -10.3% | 1,1 M € | -5.8% | 1,1 M € | -14.9% | 1,3 M € | -1.2% | 1,3 M € | +372% | 284,8 k € | +0.2% | 284,3 k € | -28.1% | 395,4 k € | -12.1% | 449,9 k € | +19.2% | 377,3 k € | +49.6% | 252,3 k € | +16.5% | 216,5 k € | +16.2% | 186,3 k € | -2.7% | 191,4 k € | -38.2% | 309,8 k € | +79.6% | 172,4 k € | -18.5% | 211,5 k € | +6.0% | 199,5 k € | -12.3% | 227,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 12,8 ETP | +19.6% | 10,7 ETP | +7.0% | 10,0 ETP | +1.0% | 9,9 ETP | +11.2% | 8,9 ETP | +34.8% | 6,6 ETP | +10.0% | 6,0 ETP | -7.7% | 6,5 ETP | +22.6% | 5,3 ETP | +10.4% | 4,8 ETP | +60.0% | 3,0 ETP | -16.7% | 3,6 ETP | +63.6% | 2,2 ETP | +29.4% | 1,7 ETP | -5.6% | 1,8 ETP | +5.9% | 1,7 ETP | – | – | – | 0,7 ETP | ||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 34 ended
Active mandates
Alexandre De Wever
ActiveDidier Schuurman
ActiveNicolas De Coster
ActiveQuentin Roobaert
ActiveStéphane Moriaux
ActiveEnded mandates
Quentin Roobaert
EndedStéphane Moriaux
EndedAlexandre De Wever
EndedDidier Schuurman
EndedAt this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 22/06/2026 | 18/06/2025 | 28/06/2024 | 29/06/2023 | 30/06/2022 | 08/06/2021 |
| General meeting | 01/06/2026 | 02/06/2025 | 07/06/2024 | 12/06/2023 | 02/06/2022 | 03/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 01/06/2026 | 22/06/2026 | French | |
| Abridged model | 31/12/2024 | 02/06/2025 | 18/06/2025 | French | |
| Abridged model | 31/12/2023 | 07/06/2024 | 28/06/2024 | French | |
| Abridged model | 31/12/2022 | 12/06/2023 | 29/06/2023 | French | |
| Abridged model | 31/12/2021 | 02/06/2022 | 30/06/2022 | French | |
| Abridged model | 31/12/2020 | 03/06/2021 | 08/06/2021 | French | |
| Abridged model | 31/12/2019 | 04/06/2020 | 08/07/2020 | French | |
| Abridged model | 31/12/2018 | 06/06/2019 | 19/08/2019 | French | |
| Abridged model | 31/12/2017 | 07/06/2018 | 28/08/2018 | French | |
| Abridged model | 31/12/2016 | 06/06/2017 | 22/06/2017 | French | |
| Abridged model | 31/12/2015 | 06/06/2016 | 06/07/2016 | French | |
| Abridged model | 31/12/2014 | 01/06/2015 | 21/08/2015 | French | |
| Abridged model | 31/12/2013 | 02/06/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 03/06/2013 | 31/07/2013 | French | |
| Abridged model | 31/12/2011 | 04/06/2012 | 19/06/2012 | French | |
| Abridged model | 31/12/2010 | 06/06/2011 | 08/08/2011 | French | |
| Abridged model | 31/12/2009 | 07/06/2010 | 26/07/2010 | French | |
| Abridged model | 31/12/2008 | 01/06/2009 | 23/07/2009 | French | |
| Abridged model | 31/12/2007 | 02/06/2008 | 16/07/2008 | French | |
| Abridged model | 31/12/2006 | 04/06/2007 | 13/06/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 34 ended
Active mandates
Alexandre De Wever
ActiveDidier Schuurman
ActiveNicolas De Coster
ActiveQuentin Roobaert
ActiveStéphane Moriaux
ActiveEnded mandates
Quentin Roobaert
EndedStéphane Moriaux
EndedAlexandre De Wever
EndedDidier Schuurman
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates31/08/2026Réunification des actions en une seule main, nomination d'un
- Restructuring05/03/2025CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring23/12/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
- Mandates16/05/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
- Mandates21/06/2022DEMISSIONS, NOMINATIONS
- Mandates25/08/2020DEMISSIONS, NOMINATIONS
- Capital / shares02/02/2016CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Other21/01/2016DIVERS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025219,6 k €↓
- 2024Annual accounts 2024248,9 k €↓
- 2023Annual accounts 2023344,2 k €↑
- 2023Name changeGroupe MDS
- 2022Annual accounts 2022219,2 k €↑
- 2021Annual accounts 2021206,1 k €↓
- 2020Annual accounts 2020209,7 k €↑
- 2019Annual accounts 2019123 k €↓
- 2018Annual accounts 2018146,9 k €↑
- 2017Annual accounts 2017101,8 k €↑
- 2016Annual accounts 201697,8 k €↓
- 2015Annual accounts 2015161,7 k €↑
- 2014Annual accounts 201422,7 k €↓
- 2013Annual accounts 201330,3 k €↓
- 2012Annual accounts 201234,2 k €↑
- 2011Annual accounts 2011-47,6 k €↓
- 2010Annual accounts 201078,5 k €↑
- 2009Annual accounts 200939,6 k €↓
- 2008Annual accounts 200842,3 k €↓
- 2008Name changeMDS Consulting
- 2007Annual accounts 200749,6 k €↑
- 2006Annual accounts 200618,7 k €
- 2006Name changeMoriaux De Coster Schuurman Consulting
- 24/01/1997IncorporationPublic limited company