MFORM
0463.003.269 · rovalta.com · 22/09/2026
ACTIVE
MFORM
Financial year 2025 · closed on 31/12/2025
Net result
28,2 k €
-46.1% YoY
Gross margin
1,2 M €
-2.3% YoY
Equity
345,5 k €
+8.9% YoY
Workforce
16,5 ETP
+5.8% YoY
Overview
What does MFORM do?
MFORM is a Private limited company incorporated in 1998. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Pittem. It employs on average 16,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0463.003.269
Incorporation
01/04/1998
Legal form
Private limited company
Registered office
Posterijlaan 47
8740 Pittem · FlandreSee on map
8740 Pittem · FlandreSee on map
Contributed capital
162 000,00 €
Latest accounts
31/12/2025
Average workforce
16,5 ETP
Activities (NACE)
25401Manufacture of weapons and ammunition· main25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy28401Manufacture of metal forming machinery and machine tools46720Wholesale of metals and metal ores46820Wholesale trade, except of motor vehicles and motorcycles51520Air transport+3
Joint committees (6)
- 111
- 1110
- 11100
- 209
- 2090
- 20900
Signals
ProfitablePositive 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 € | -2.3% | 1,2 M € | +9.6% | 1,1 M € | +9.4% | 1 M € | -11.6% | 1,2 M € | +89.4% | 615,5 k € | -17.6% | 746,9 k € | +3.0% | 724,8 k € | -0.6% | 729,3 k € | +33.7% | 545,5 k € | -1.8% | 555,5 k € | +30.4% | 426,1 k € | -0.2% | 427 k € | -2.8% | 439,4 k € | -2.7% | 451,5 k € | +28.3% | 352 k € | +16.0% | 303,4 k € | +2.9% | 294,8 k € | -18.3% | 360,7 k € | +4.0% | 347 k € |
| EBITDA | 236,9 k € | -7.2% | 255,3 k € | -21.5% | 325 k € | +37.3% | 236,8 k € | -22.0% | 303,7 k € | +1244% | -26,6 k € | -111% | 244,2 k € | -24.1% | 321,8 k € | -6.7% | 345 k € | +65.6% | 208,3 k € | +21.0% | 172,1 k € | +1815% | 9 k € | -93.3% | 133,7 k € | -16.4% | 159,9 k € | -10.0% | 177,6 k € | +126% | 78,7 k € | +18.8% | 66,2 k € | -63.2% | 179,9 k € | -8.4% | 196,5 k € | -2.7% | 201,8 k € |
| Operating result | 116 k € | -7.3% | 125,1 k € | +20.0% | 104,3 k € | +35.1% | 77,2 k € | -14.6% | 90,3 k € | +140% | -227,1 k € | -859% | 29,9 k € | -78.6% | 139,9 k € | -21.7% | 178,7 k € | +317% | 42,9 k € | -42.1% | 74,1 k € | +186% | -85,7 k € | -260% | 53,6 k € | -31.0% | 77,7 k € | -23.8% | 102 k € | +1750% | -6,2 k € | +68.6% | -19,7 k € | -404% | -3,9 k € | -105% | 84,8 k € | -28.7% | 118,9 k € |
| Net result | 28,2 k € | -46.1% | 52,3 k € | +262% | 14,5 k € | +308% | -6,9 k € | -107% | 95,5 k € | +140% | -240 k € | -1990% | -11,5 k € | -110% | 113,6 k € | +149% | 45,6 k € | +3223% | 1,4 k € | -90.2% | 14 k € | +28.8% | 10,9 k € | +94.5% | 5,6 k € | -73.6% | 21,2 k € | -73.3% | 79,4 k € | +314% | -37,1 k € | +43.2% | -65,3 k € | -1700% | 4,1 k € | -94.2% | 70,6 k € | -6.6% | 75,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 345,5 k € | +8.9% | 317,4 k € | +19.7% | 265,1 k € | +5.8% | 250,6 k € | -2.7% | 257,5 k € | +59.0% | 162 k € | -59.7% | 402 k € | -2.8% | 413,5 k € | +37.9% | 299,9 k € | +94.3% | 154,3 k € | +0.2% | 154,1 k € | +10.0% | 140,1 k € | +8.2% | 129,6 k € | -25.7% | 174,3 k € | +13.5% | 153,5 k € | +2.7% | 149,5 k € | -20.0% | 187 k € | -26.0% | 252,7 k € | -49.4% | 499 k € | +14.2% | 436,8 k € |
| Total assets | 2,6 M € | +13.5% | 2,3 M € | -0.2% | 2,3 M € | -5.3% | 2,5 M € | -11.6% | 2,8 M € | -1.4% | 2,8 M € | +1.5% | 2,8 M € | +15.5% | 2,4 M € | -1.0% | 2,4 M € | -0.8% | 2,5 M € | +20.6% | 2 M € | +1.3% | 2 M € | +53.6% | 1,3 M € | +8.0% | 1,2 M € | -5.6% | 1,3 M € | +0.4% | 1,3 M € | -3.4% | 1,3 M € | -17.6% | 1,6 M € | +108% | 772 k € | +3.2% | 747,9 k € |
| Cash | 61,1 k € | -59.2% | 149,6 k € | +154% | 58,8 k € | -16.3% | 70,3 k € | -53.9% | 152,4 k € | +22.9% | 124,1 k € | +62.5% | 76,3 k € | -10.1% | 84,9 k € | +39.5% | 60,9 k € | -1.3% | 61,7 k € | +98.5% | 31,1 k € | -67.7% | 96,2 k € | +279% | 25,4 k € | -68.0% | 79,3 k € | +38.6% | 57,2 k € | +571% | 8,5 k € | -89.3% | 79,4 k € | -7.4% | 85,8 k € | -8.5% | 93,7 k € | +31.1% | 71,5 k € |
| Debts | 2,3 M € | +14.5% | 2 M € | -3.5% | 2,1 M € | -6.9% | 2,2 M € | -12.4% | 2,5 M € | -3.6% | 2,6 M € | +13.2% | 2,3 M € | +20.9% | 1,9 M € | -6.1% | 2 M € | -11.5% | 2,3 M € | +24.2% | 1,9 M € | -0.2% | 1,9 M € | +57.8% | 1,2 M € | +13.4% | 1 M € | -8.1% | 1,1 M € | +0.0% | 1,1 M € | +0.3% | 1,1 M € | -16.7% | 1,4 M € | +564% | 203,6 k € | -19.6% | 253,2 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 16,5 ETP | +5.8% | 15,6 ETP | +4.7% | 14,9 ETP | 0.0% | 14,9 ETP | 0.0% | 14,9 ETP | +24.2% | 12,0 ETP | +36.4% | 8,8 ETP | +20.5% | 7,3 ETP | +4.3% | 7,0 ETP | +7.7% | 6,5 ETP | +30.0% | 5,0 ETP | 0.0% | 5,0 ETP | -9.1% | 5,5 ETP | +10.0% | 5,0 ETP | -3.8% | 5,2 ETP | 0.0% | 5,2 ETP | +30.0% | 4,0 ETP | +21.2% | 3,3 ETP | +10.0% | 3,0 ETP | 0.0% | 3,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 6 ended
At this address
Other companies at this address
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 | 30/07/2026 | 17/07/2025 | 29/07/2024 | 25/07/2023 | 21/06/2022 | 26/08/2021 |
| General meeting | 30/06/2026 | 21/06/2025 | 15/06/2024 | 17/06/2023 | 18/06/2022 | 19/06/2021 |
| 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
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 30/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 21/06/2025 | 17/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 15/06/2024 | 29/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 17/06/2023 | 25/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 18/06/2022 | 21/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 19/06/2021 | 26/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 20/06/2020 | 22/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 19/04/2019 | 23/04/2019 | Dutch | |
| Abridged model | 31/12/2017 | 16/06/2018 | 23/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 17/06/2017 | 30/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 18/06/2016 | 14/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 20/06/2015 | 23/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 21/06/2014 | 03/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 15/06/2013 | 12/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 16/06/2012 | 21/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 18/06/2011 | 23/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 19/06/2010 | 30/08/2010 | Dutch | |
| Abridged modelCorrection | 31/12/2008 | 20/06/2009 | 22/07/2009 | Dutch | |
| Abridged model | 31/12/2008 | 20/06/2009 | 03/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 29/05/2008 | 29/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 16/06/2007 | 31/07/2007 | Dutch |
Valuation
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.
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
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates23/11/2023WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Capital / shares02/08/2017BENAMING - KAPITAAL - AANDELEN
- Registered office29/09/2016MAATSCHAPPELIJKE ZETEL
- Mandates02/07/2008KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202528,2 k €↓
- 2024Annual accounts 202452,3 k €↑
- 2023Annual accounts 202314,5 k €↑
- 2022Annual accounts 2022-6,9 k €↓
- 2021Annual accounts 202195,5 k €↑
- 2021Name changeM FORM
- 2020Annual accounts 2020-240 k €↓
- 2019Annual accounts 2019-11,5 k €↓
- 2018Annual accounts 2018113,6 k €↑
- 2017Annual accounts 201745,6 k €↑
- 2017Name changeMFORM
- 2016Annual accounts 20161,4 k €↓
- 2015Annual accounts 201514 k €↑
- 2014Annual accounts 201410,9 k €↑
- 2013Annual accounts 20135,6 k €↓
- 2012Annual accounts 201221,2 k €↓
- 2011Annual accounts 201179,4 k €↑
- 2010Annual accounts 2010-37,1 k €↑
- 2009Annual accounts 2009-65,3 k €↓
- 2008Annual accounts 20084,1 k €↓
- 2007Annual accounts 200770,6 k €↓
- 2006Annual accounts 200675,5 k €
- 2006Name changeLANNOO METAALWERKEN
- 01/04/1998IncorporationPrivate limited company