ACTIVE

M & W

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Financial year 2025 · closed on 31/03/2025

Net result

52,4 k €

+26.6% YoY

Gross margin

60,8 k €

+13.1% YoY

Equity

3,4 M €

+0.7% YoY

What does M & W do?

M & W is a Public limited company incorporated in 1998. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Lochristi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.322.865

Incorporation

12/10/1998

Legal form

Public limited company

Registered office

Bedrijvenlaan 13
9080 Lochristi · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

31/03/2025

Activities (NACE)

82990Other business support service activities n.e.c.· main 82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	60,8 k €	+13.1%	53,7 k €	-77.3%	236,3 k €	-19.8%	294,7 k €	+1.2%	291,1 k €	-45.2%	530,9 k €	-64.4%	1,5 M €	+18.6%	1,3 M €	+36.4%	921 k €	-31.1%	1,3 M €	-6.2%	1,4 M €	-10.4%	1,6 M €	+177%	573,3 k €	+152%	227,4 k €	-64.4%	638,3 k €	+46.2%	436,6 k €	-3.4%	451,9 k €	+30.6%	346 k €	+63.9%	211,1 k €
EBITDA	58,6 k €	+13.5%	51,6 k €	-77.9%	234,1 k €	-20.0%	292,8 k €	+6.3%	275,4 k €	-48.0%	529,9 k €	-64.3%	1,5 M €	+18.4%	1,3 M €	+36.4%	919,8 k €	-31.1%	1,3 M €	-6.1%	1,4 M €	-10.4%	1,6 M €	+178%	572,2 k €	+153%	226,2 k €	-64.5%	637,3 k €	+45.1%	439,3 k €	+7.7%	407,8 k €	+58.2%	257,8 k €	+99.2%	129,4 k €
Operating result	32,1 k €	+30.6%	24,5 k €	-88.4%	212,5 k €	-22.1%	272,9 k €	+8.7%	251,1 k €	-49.8%	499,8 k €	-65.4%	1,4 M €	+17.4%	1,2 M €	+41.4%	871,3 k €	-32.3%	1,3 M €	-6.4%	1,4 M €	-10.7%	1,5 M €	+194%	524 k €	+195%	177,9 k €	-69.8%	589 k €	+50.7%	390,8 k €	+9.1%	358 k €	+79.3%	199,7 k €	+183%	70,4 k €
Net result	52,4 k €	+26.6%	41,4 k €	-72.0%	147,6 k €	-19.3%	182,8 k €	-7.3%	197,3 k €	-56.5%	453,4 k €	-65.2%	1,3 M €	+20.4%	1,1 M €	+38.3%	782,7 k €	-28.1%	1,1 M €	-7.9%	1,2 M €	-7.3%	1,3 M €	+237%	378 k €	+166%	142 k €	-65.1%	407,4 k €	+61.7%	251,9 k €	+10.9%	227,2 k €	+85.0%	122,8 k €	+375%	25,9 k €
Balance sheet
Equity	3,4 M €	+0.7%	3,4 M €	+0.3%	3,4 M €	-22.7%	4,4 M €	+4.4%	4,2 M €	+4.9%	4 M €	+3.2%	3,9 M €	+10.2%	3,5 M €	+9.8%	3,2 M €	+5.6%	3 M €	+16.7%	2,6 M €	+20.7%	2,2 M €	+22.3%	1,8 M €	+26.9%	1,4 M €	+11.0%	1,2 M €	+47.7%	846,4 k €	+41.4%	598,6 k €	+59.4%	375,5 k €	+46.2%	256,7 k €
Total assets	3,5 M €	-0.7%	3,5 M €	+1.3%	3,5 M €	-22.0%	4,4 M €	+4.2%	4,2 M €	-14.6%	5 M €	+1.2%	4,9 M €	-3.4%	5,1 M €	+31.1%	3,9 M €	+3.1%	3,8 M €	+11.7%	3,4 M €	-33.1%	5 M €	+46.5%	3,4 M €	+26.5%	2,7 M €	+45.0%	1,9 M €	+73.5%	1,1 M €	+4.1%	1 M €	+25.8%	824,9 k €	+1.3%	814,2 k €
Cash	440,8 k €	+736%	52,7 k €	-96.9%	1,7 M €	-34.4%	2,6 M €	-22.8%	3,3 M €	-7.2%	3,6 M €	+30.5%	2,8 M €	-30.1%	3,9 M €	+55.1%	2,5 M €	+5.8%	2,4 M €	+6.4%	2,3 M €	+306%	555,7 k €	-56.6%	1,3 M €	+29.5%	988,7 k €	+51.4%	653 k €	+88.6%	346,2 k €	+319%	82,6 k €	+71.5%	48,2 k €	+263%	13,3 k €
Debts	55,3 k €	-43.4%	97,8 k €	+33.4%	73,3 k €	+45.8%	50,3 k €	-8.1%	54,7 k €	-94.4%	976,9 k €	-6.1%	1 M €	-33.9%	1,6 M €	+131%	680,4 k €	-6.9%	730,4 k €	-4.9%	768,4 k €	-73.4%	2,9 M €	+71.9%	1,7 M €	+26.0%	1,3 M €	+114%	623,4 k €	+166%	234,5 k €	-46.6%	439,4 k €	-2.2%	449,5 k €	-19.4%	557,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 14 ended

Active mandates

VEKO

Director · since 03 mai 2022 · 0466.263.954

Represented by Koenraad MATTHYS

Active

Ended mandates

VEKO

Managing director · since 03 mai 2022 · 0466.263.954

Represented by Koenraad MATTHYS

Ended

VEKO

Managing director · since 23 septembre 2021 · until 03 septembre 2027 · 0466.263.954

Represented by Koenraad MATTHIJS

Ended

Koenraad MATTHYS

Director · since 04 septembre 2015 · until 04 septembre 2021

Ended

VEKO

Managing director · since 04 septembre 2015 · until 04 septembre 2021 · 0466.263.954

Represented by Koenraad MATTHYS

Ended

At this address

Other companies at this address

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ARGONA● Active	0787.743.730
Argona - ADW● Active	0448.776.042
Shelter Partners● Active	1007.564.833

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/11/2025	31/10/2024	02/11/2023	10/11/2022	27/10/2021	17/11/2020
General meeting	30/09/2025	30/09/2024	30/09/2023	29/09/2022	23/09/2021	30/09/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	30/09/2025	03/11/2025	Dutch	PDF
Micro model	31/03/2024	30/09/2024	31/10/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	02/11/2023	Dutch	PDF
Abridged model	31/03/2022	29/09/2022	10/11/2022	Dutch	PDF
Abridged model	31/03/2021	23/09/2021	27/10/2021	Dutch	PDF
Abridged model	31/03/2020	30/09/2020	17/11/2020	Dutch	PDF
Abridged model	31/03/2019	06/09/2019	30/09/2019	Dutch	PDF
Abridged model	31/03/2018	07/09/2018	01/10/2018	Dutch	PDF
Abridged model	31/03/2017	01/09/2017	15/09/2017	Dutch	PDF
Abridged model	31/03/2016	02/09/2016	04/10/2016	Dutch	PDF
Abridged model	31/03/2015	04/09/2015	25/09/2015	Dutch	PDF
Abridged model	31/03/2014	16/09/2014	20/10/2014	Dutch	PDF
Abridged model	31/03/2013	26/09/2013	28/10/2013	Dutch	PDF
Abridged model	31/03/2012	07/09/2012	15/10/2012	Dutch	PDF
Abridged model	31/03/2011	22/10/2011	07/11/2011	Dutch	PDF
Abridged model	31/03/2010	03/09/2010	07/09/2010	Dutch	PDF
Abridged model	31/03/2009	04/09/2009	21/09/2009	Dutch	PDF
Abridged model	31/03/2008	05/09/2008	18/09/2008	Dutch	PDF
Abridged modelCorrection	31/03/2007	07/09/2007	24/01/2008	Dutch	PDF
Abridged model	31/03/2007	07/09/2007	11/09/2007	Dutch	PDF
Abridged modelCorrection	31/03/2006	01/09/2006	11/01/2007	Dutch	PDF

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.

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 31/03/2025 · 1 active · 14 ended

Active mandates

VEKO

Director · since 03 mai 2022 · 0466.263.954

Represented by Koenraad MATTHYS

Active

Ended mandates

VEKO

Managing director · since 03 mai 2022 · 0466.263.954

Represented by Koenraad MATTHYS

Ended

VEKO

Managing director · since 23 septembre 2021 · until 03 septembre 2027 · 0466.263.954

Represented by Koenraad MATTHIJS

Ended

Koenraad MATTHYS

Director · since 04 septembre 2015 · until 04 septembre 2021

Ended

VEKO

Managing director · since 04 septembre 2015 · until 04 septembre 2021 · 0466.263.954

Represented by Koenraad MATTHYS

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares06/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates16/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/01/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/07/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other09/02/2011
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202552,4 k €↑
2024
Annual accounts 202441,4 k €↓
2023
Annual accounts 2023147,6 k €↓
2022
Annual accounts 2022182,8 k €↓
2021
Annual accounts 2021197,3 k €↓
2020
Annual accounts 2020453,4 k €↓
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017782,7 k €↓
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20151,2 M €↓
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013378 k €↑
2012
Annual accounts 2012142 k €↓
2011
Annual accounts 2011407,4 k €↑
2010
Annual accounts 2010251,9 k €↑
2009
Annual accounts 2009227,2 k €↑
2008
Annual accounts 2008122,8 k €↑
2007
Annual accounts 200725,9 k €
12/10/1998
IncorporationPublic 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 & W

Overview

What does M & W 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline