ACTIVE

MANAGEMENT ADVICE & DEVELOPMENT

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Financial year 2025 · closed on 30/06/2025

Net result

38,2 k €

+38.8% YoY

Gross margin

55 k €

+35.6% YoY

Equity

192 k €

+2.6% YoY

What does MANAGEMENT ADVICE & DEVELOPMENT do?

MANAGEMENT ADVICE & DEVELOPMENT is a Private limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Molenbeek-Saint-Jean.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.493.937

Incorporation

23/03/2000

Legal form

Private limited company

Registered office

Rue Kasterlinden 360
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

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	55 k €	+35.6%	40,6 k €	-23.4%	52,9 k €	+27.7%	41,5 k €	+14.1%	36,3 k €	-39.4%	59,9 k €	+15.8%	51,7 k €	-21.7%	66,1 k €	+14.8%	57,5 k €	+99.1%	28,9 k €	-4.7%	30,3 k €	+10.0%	27,6 k €	+202%	-27,1 k €	-154%	50,6 k €	-39.5%	83,7 k €	+89.2%	44,3 k €	-53.7%	95,5 k €	+6.0%	90 k €	+17.0%	76,9 k €
EBITDA	53,1 k €	+34.3%	39,5 k €	-23.8%	51,8 k €	+27.6%	40,6 k €	+14.4%	35,5 k €	-40.3%	59,5 k €	+16.6%	51 k €	-20.2%	63,9 k €	+12.4%	56,8 k €	+107%	27,5 k €	-5.3%	29,1 k €	+10.2%	26,4 k €	+172%	-36,6 k €	-219%	30,8 k €	-43.3%	54,3 k €	+594%	7,8 k €	-86.8%	59,2 k €	+8.7%	54,5 k €	+24.3%	43,8 k €
Operating result	52,8 k €	+34.7%	39,2 k €	-23.9%	51,5 k €	+28.6%	40,1 k €	+34.0%	29,9 k €	-38.0%	48,2 k €	+20.5%	40 k €	-24.5%	52,9 k €	+9.4%	48,4 k €	+142%	20 k €	+7.1%	18,7 k €	+7.0%	17,5 k €	+139%	-44,7 k €	-303%	22 k €	-45.2%	40,2 k €	+192606%	20,9 €	-100.0%	48,1 k €	+5.1%	45,8 k €	+25.6%	36,5 k €
Net result	38,2 k €	+38.8%	27,5 k €	-23.7%	36,1 k €	+30.3%	27,7 k €	+36.9%	20,3 k €	-39.3%	33,4 k €	+14.8%	29,1 k €	-6.3%	31 k €	-33.8%	46,8 k €	+314%	11,3 k €	-34.7%	17,3 k €	+4.1%	16,6 k €	+138%	-43,6 k €	-377%	15,7 k €	-41.4%	26,8 k €	+9325%	-290,7 €	-101%	34 k €	+12.0%	30,4 k €	+23.7%	24,6 k €
Balance sheet
Equity	192 k €	+2.6%	187,2 k €	+11.9%	167,3 k €	+19.3%	140,2 k €	+24.6%	112,4 k €	+22.0%	92,2 k €	+56.8%	58,8 k €	+14.9%	51,2 k €	+2.1%	50,1 k €	-2.3%	51,3 k €	-15.9%	61 k €	-4.2%	63,7 k €	+28.8%	49,4 k €	-46.8%	93 k €	+20.3%	77,3 k €	+2.4%	75,5 k €	-0.4%	75,8 k €	+65.6%	45,8 k €	+13.3%	40,4 k €
Total assets	239,1 k €	+15.0%	208 k €	+9.0%	190,8 k €	+21.0%	157,7 k €	+17.9%	133,8 k €	+4.6%	127,9 k €	+8.9%	117,5 k €	-19.6%	146,1 k €	+14.1%	128 k €	+36.5%	93,8 k €	-9.9%	104,1 k €	+11.2%	93,6 k €	+13.5%	82,4 k €	-44.1%	147,5 k €	+6.6%	138,5 k €	+41.9%	97,6 k €	-8.8%	107 k €	-8.6%	117,1 k €	+45.0%	80,7 k €
Cash	105,4 k €	-33.2%	157,8 k €	+11.2%	141,9 k €	+36.7%	103,9 k €	+52.1%	68,3 k €	-6.7%	73,2 k €	+55.8%	47 k €	-43.3%	82,8 k €	+0.9%	82 k €	+22.4%	67 k €	+667%	8,7 k €	-44.5%	15,7 k €	-21.0%	19,9 k €	+58.0%	12,6 k €	-35.7%	19,6 k €	+25.7%	15,6 k €	+8.1%	14,4 k €	-24.7%	19,2 k €	+58.4%	12,1 k €
Debts	47,1 k €	+126%	20,8 k €	-11.7%	23,6 k €	+34.2%	17,5 k €	-17.7%	21,3 k €	-40.3%	35,7 k €	-39.2%	58,7 k €	-38.2%	94,9 k €	+21.9%	77,9 k €	+83.3%	42,5 k €	+3.6%	41 k €	+37.2%	29,9 k €	-9.4%	33 k €	-39.2%	54,3 k €	-11.2%	61,2 k €	+180%	21,9 k €	-30.1%	31,3 k €	-49.9%	62,4 k €	+54.7%	40,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-75.0%	0,4 ETP	-42.9%	0,7 ETP	-12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 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 30/06/2025 · 1 active · 8 ended

Active mandates

Vincent De Coster

Administrator - manager · since 15 mars 2013

Active

Ended mandates

Vincent De Coster

Manager · since 15 mars 2013

Ended

FRANCOIS BASTIN

Director · since 15 novembre 2011

Ended

FRANCOIS BASTIN

Director · since 01 juillet 2011

Ended

Bernard DE COSTER

Director · since 20 octobre 2003

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/01/2026	26/12/2024	31/12/2023	21/12/2022	28/01/2022	23/12/2020
General meeting	15/12/2025	14/12/2024	14/12/2023	14/12/2022	14/12/2021	14/12/2020
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
Micro model	30/06/2025	15/12/2025	13/01/2026	French	PDF
Micro model	30/06/2024	14/12/2024	26/12/2024	French	PDF
Micro model	30/06/2023	14/12/2023	31/12/2023	French	PDF
Micro model	30/06/2022	14/12/2022	21/12/2022	French	PDF
Micro model	30/06/2021	14/12/2021	28/01/2022	French	PDF
Micro model	30/06/2020	14/12/2020	23/12/2020	French	PDF
Micro model	30/06/2019	14/12/2019	29/01/2020	French	PDF
Micro model	30/06/2018	14/12/2018	01/02/2019	French	PDF
Micro model	30/06/2017	14/12/2017	18/12/2017	French	PDF
Abridged model	30/06/2016	14/12/2016	22/12/2016	French	PDF
Abridged model	30/06/2015	14/12/2015	15/12/2015	French	PDF
Abridged model	30/06/2014	23/12/2014	08/01/2015	French	PDF
Abridged model	30/06/2013	14/12/2013	17/12/2013	French	PDF
Abridged model	30/06/2012	14/12/2012	18/12/2012	French	PDF
Abridged model	30/06/2011	15/11/2011	20/01/2012	French	PDF
Abridged model	30/06/2010	14/12/2010	16/12/2010	French	PDF
Abridged model	30/06/2009	14/12/2009	24/12/2009	French	PDF
Abridged model	30/06/2008	15/12/2008	16/12/2008	French	PDF
Abridged model	30/06/2007	14/12/2007	17/12/2007	French	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 30/06/2025 · 1 active · 8 ended

Active mandates

Vincent De Coster

Administrator - manager · since 15 mars 2013

Active

Ended mandates

Vincent De Coster

Manager · since 15 mars 2013

Ended

FRANCOIS BASTIN

Director · since 15 novembre 2011

Ended

FRANCOIS BASTIN

Director · since 01 juillet 2011

Ended

Bernard DE COSTER

Director · since 20 octobre 2003

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202538,2 k €↑
2024
Annual accounts 202427,5 k €↓
2023
Annual accounts 202336,1 k €↑
2022
Annual accounts 202227,7 k €↑
2021
Annual accounts 202120,3 k €↓
2020
Annual accounts 202033,4 k €↑
2019
Annual accounts 201929,1 k €↓
2018
Annual accounts 201831 k €↓
2017
Annual accounts 201746,8 k €↑
2016
Annual accounts 201611,3 k €↓
2015
Annual accounts 201517,3 k €↑
2014
Annual accounts 201416,6 k €↑
2013
Annual accounts 2013-43,6 k €↓
2012
Annual accounts 201215,7 k €↓
2011
Annual accounts 201126,8 k €↑
2010
Annual accounts 2010-290,7 €↓
2009
Annual accounts 200934 k €↑
2008
Annual accounts 200830,4 k €↑
2007
Annual accounts 200724,6 k €
23/03/2000
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

MANAGEMENT ADVICE & DEVELOPMENT

Overview

What does MANAGEMENT ADVICE & DEVELOPMENT do?

Trend over 19 financial years

Indicative valuation

Board of directors

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