ACTIVE

MDCPartners

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Financial year 2024 · closed on 31/12/2024

Net result

1,1 M €

-17.9% YoY

Gross margin

2,5 M €

+4.2% YoY

Equity

2,3 M €

+94.6% YoY

Workforce

8,2 ETP

-24.1% YoY

What does MDCPartners do?

MDCPartners is a Private limited company incorporated in 1999. Its registered office is in Antwerpen. It employs on average 8,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.255.541

Incorporation

15/06/1999

Legal form

Private limited company

Registered office

Uitbreidingstraat 86 box 2
2600 Antwerpen · FlandreSee on map

Contributed capital

12 200,00 €

Latest accounts

31/12/2024

Average workforce

8,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,5 M €	+4.2%	2,4 M €	+367%	-901,9 k €	-130%	3 M €	-11.2%	3,4 M €	+7.6%	3,1 M €	+2.5%	3,1 M €	+31.4%	2,3 M €	+223%	722,3 k €	+33.9%	539,3 k €	+16.3%	463,9 k €	+75.9%	263,7 k €	-1.3%	267,1 k €	+288%	68,8 k €	-54.2%	150,1 k €	+153%	59,3 k €	-23.1%	77,1 k €
EBITDA	1 M €	-10.9%	1,2 M €	+150%	-2,4 M €	-316%	1,1 M €	+45.5%	747,8 k €	-38.3%	1,2 M €	-21.0%	1,5 M €	+30.3%	1,2 M €	+2217%	50,8 k €	-37.2%	81 k €	-0.1%	81,1 k €	-21.0%	102,6 k €	-37.2%	163,5 k €	+307%	-78,9 k €	-1013%	8,6 k €	+170%	-12,4 k €	-140%	30,9 k €
Operating result	1 M €	-10.4%	1,2 M €	+149%	-2,4 M €	-316%	1,1 M €	+54.9%	708,2 k €	-39.7%	1,2 M €	-20.5%	1,5 M €	+35.7%	1,1 M €	+4176%	25,4 k €	-39.8%	42,2 k €	+2.8%	41,1 k €	-29.3%	58,2 k €	-52.8%	123,3 k €	+222%	-100,7 k €	-389%	-20,6 k €	+41.6%	-35,3 k €	-137%	-14,9 k €
Net result	1,1 M €	-17.9%	1,4 M €	+161%	-2,3 M €	-322%	1 M €	+35.3%	757,8 k €	-24.6%	1 M €	-0.2%	1 M €	+9.3%	921,6 k €	+12765%	7,2 k €	-27.4%	9,9 k €	+18.2%	8,3 k €	-68.4%	26,4 k €	-65.7%	77,1 k €	+391%	-26,5 k €	-87.7%	-14,1 k €	-52060%	27,2 €	-99.3%	3,7 k €
Balance sheet
Equity	2,3 M €	+94.6%	1,2 M €	+756%	-183,8 k €	-109%	2,1 M €	+131%	904,8 k €	-71.2%	3,1 M €	+47.0%	2,1 M €	+88.8%	1,1 M €	+1464%	72,5 k €	+11.0%	65,3 k €	+17.8%	55,5 k €	+17.7%	47,1 k €	-61.1%	121,3 k €	+174%	44,2 k €	-37.5%	70,8 k €	-16.6%	84,9 k €	+0.0%	84,9 k €
Total assets	3,8 M €	-35.7%	5,8 M €	-0.5%	5,9 M €	-9.4%	6,5 M €	-6.2%	6,9 M €	-4.4%	7,2 M €	+53.4%	4,7 M €	+21.2%	3,9 M €	+177%	1,4 M €	+3.5%	1,4 M €	+78.8%	758 k €	+14.2%	663,8 k €	+37.6%	482,6 k €	+50.6%	320,4 k €	-16.1%	381,8 k €	+108%	183,6 k €	-5.5%	194,2 k €
Cash	60,2 k €	+0.2%	60,1 k €	-85.7%	419,8 k €	-36.6%	661,9 k €	-63.0%	1,8 M €	-27.5%	2,5 M €	+9.0%	2,3 M €	+21.5%	1,9 M €	+158%	720,6 k €	+511%	117,9 k €	-52.1%	246,4 k €	+172%	90,8 k €	-19.6%	112,9 k €	+272%	30,3 k €	+147%	12,3 k €	+16.2%	10,6 k €	-65.0%	30,2 k €
Debts	694,5 k €	-70.9%	2,4 M €	-46.6%	4,5 M €	+89.4%	2,4 M €	+59.9%	1,5 M €	+158%	570,6 k €	+45.1%	393,2 k €	-8.7%	430,7 k €	+36.8%	314,8 k €	+70.6%	184,6 k €	+101%	92 k €	-54.9%	204,2 k €	-43.5%	361,3 k €	+30.8%	276,2 k €	-11.2%	311 k €	+215%	98,7 k €	-9.7%	109,4 k €
Other
Workforce	8,2 ETP	-24.1%	10,8 ETP	-18.8%	13,3 ETP	-37.9%	21,4 ETP	-13.0%	24,6 ETP	+18.3%	20,8 ETP	-2.3%	21,3 ETP	+23.8%	17,2 ETP	+60.7%	10,7 ETP	+40.8%	7,6 ETP	+18.7%	6,4 ETP	+93.9%	3,3 ETP	+65.0%	2,0 ETP	-25.9%	2,7 ETP	-20.6%	3,4 ETP	+70.0%	2,0 ETP	+33.3%	1,5 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 31/12/2024 · 1 active · 22 ended

Active mandates

Gianni Farruggia

Director · since 01 mai 2025

Active

Ended mandates

Adam FLEMING

Director · since 01 avril 2021

Ended

Rebecca Diane Barr

Director · since 01 janvier 2020

Ended

Marc Eigner

Director · since 20 août 2019

Ended

Kurien Jacob

Director · since 19 juin 2018 · until 20 août 2019

Ended

At this address

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HAPPY YELLOW● Active	0655.991.501
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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/10/2025	10/10/2025	25/08/2025	07/11/2022	17/11/2021	07/09/2020
General meeting	30/09/2025	30/09/2025	22/08/2025	27/10/2022	15/11/2021	29/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/09/2025	28/10/2025	Dutch	PDF
Abridged model	31/12/2023	30/09/2025	10/10/2025	Dutch	PDF
Abridged model	31/12/2022	22/08/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2021	27/10/2022	07/11/2022	Dutch	PDF
Abridged model	31/12/2020	15/11/2021	17/11/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	07/09/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	13/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	20/08/2007	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 31/12/2024 · 1 active · 22 ended

Active mandates

Gianni Farruggia

Director · since 01 mai 2025

Active

Ended mandates

Adam FLEMING

Director · since 01 avril 2021

Ended

Rebecca Diane Barr

Director · since 01 janvier 2020

Ended

Marc Eigner

Director · since 20 août 2019

Ended

Kurien Jacob

Director · since 19 juin 2018 · until 20 août 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other24/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates30/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2022
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates16/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2018
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 20241,1 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 2022-2,3 M €↓
2021
Annual accounts 20211 M €↑
2019
Annual accounts 2019757,8 k €↓
2018
Annual accounts 20181 M €↓
2017
Annual accounts 20171 M €↑
2016
Annual accounts 2016921,6 k €↑
2014
Annual accounts 20147,2 k €↓
2013
Annual accounts 20139,9 k €↑
2012
Annual accounts 20128,3 k €↓
2011
Annual accounts 201126,4 k €↓
2010
Annual accounts 201077,1 k €↑
2009
Annual accounts 2009-26,5 k €↓
2008
Annual accounts 2008-14,1 k €↓
2007
Annual accounts 200727,2 €↓
2006
Annual accounts 20063,7 k €
15/06/1999
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

MDCPartners

Overview

What does MDCPartners do?

Trend over 17 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