ACTIVE

MA & C (SRL)

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Financial year 2025 · closed on 31/12/2025

Net result

-43,7 k €

-163.2% YoY

Gross margin

-8,8 k €

-107.5% YoY

Equity

585,9 k €

-16.3% YoY

What does MA & C do?

MA & C is a Private limited company incorporated in 2000. Its main activity is: Specialised design activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.964.881

Incorporation

24/05/2000

Legal form

Private limited company

Registered office

Rue des Trois Tilleuls 12
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Activities (NACE)

74142Specialised design activities· main 86904Other human health activities 86931Other human health activities 70200Management consultancy activities 70220Business and other management consultancy activities 86909Other human health activities+1

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

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	-8,8 k €	-107%	118 k €	-34.0%	179 k €	+12.0%	159,8 k €	+28.7%	124,2 k €	+8.5%	114,4 k €	-0.9%	115,5 k €	+4.4%	110,7 k €	-13.3%	127,6 k €	+5.4%	121,1 k €	-6.9%	130 k €	+12.8%	115,3 k €	+55.2%	74,2 k €	-22.1%	95,3 k €	-54.9%	211,2 k €	+3244%	-6,7 k €	-2023%	-316,5 €	-114%	2,3 k €	-49.1%	4,6 k €	-80.3%	23,3 k €
EBITDA	-26,2 k €	-123%	114,5 k €	-35.0%	176,1 k €	+1208%	13,5 k €	-89.0%	122,3 k €	+8.3%	112,9 k €	+6.2%	106,2 k €	-2.6%	109,1 k €	-13.0%	125,4 k €	+7.9%	116,2 k €	-8.1%	126,5 k €	+11.8%	113,1 k €	+55.1%	72,9 k €	-21.0%	92,3 k €	-42.1%	159,3 k €	+2120%	-7,9 k €	-272%	-2,1 k €	-244%	1,5 k €	-52.9%	3,1 k €	-85.5%	21,6 k €
Operating result	-38,5 k €	-138%	101,3 k €	-37.9%	163 k €	+1056%	-17 k €	-119%	88,7 k €	+9.7%	80,9 k €	+7.1%	75,5 k €	-3.7%	78,4 k €	-18.1%	95,7 k €	+10.6%	86,5 k €	-10.2%	96,3 k €	+15.5%	83,4 k €	+135%	35,5 k €	-61.0%	91 k €	-40.1%	151,9 k €	+1081%	-15,5 k €	-54.5%	-10 k €	-11.1%	-9 k €	+6.0%	-9,6 k €	-180%	12 k €
Net result	-43,7 k €	-163%	69,1 k €	-41.6%	118,4 k €	+686%	-20,2 k €	-133%	62,1 k €	+12.5%	55,2 k €	+9.6%	50,3 k €	+6.9%	47,1 k €	-15.5%	55,7 k €	+16.9%	47,7 k €	-7.1%	51,3 k €	+9.8%	46,8 k €	+130%	20,3 k €	-66.5%	60,7 k €	-46.1%	112,5 k €	+835%	-15,3 k €	-66.2%	-9,2 k €	-13.5%	-8,1 k €	+15.5%	-9,6 k €	-224%	7,8 k €
Balance sheet
Equity	585,9 k €	-16.3%	699,6 k €	+1.3%	690,5 k €	+20.7%	572,1 k €	-3.4%	592,3 k €	+11.7%	530,2 k €	+11.6%	475,1 k €	+11.8%	424,7 k €	+12.5%	377,7 k €	+17.3%	322 k €	+17.4%	274,3 k €	+10.6%	247,9 k €	+9.6%	226,2 k €	+9.9%	205,9 k €	+41.8%	145,2 k €	+344%	32,7 k €	-31.9%	48 k €	-16.1%	57,2 k €	-12.4%	65,3 k €	-12.8%	74,9 k €
Total assets	735,8 k €	-18.7%	904,5 k €	+9.1%	828,9 k €	+12.8%	734,7 k €	-6.4%	785 k €	-2.3%	803,1 k €	+8.4%	740,9 k €	+2.0%	726,1 k €	+2.4%	709 k €	-0.2%	710,1 k €	-3.2%	733,8 k €	+1.1%	725,9 k €	+4.3%	695,7 k €	+128%	305,8 k €	+11.3%	274,7 k €	+701%	34,3 k €	-28.8%	48,1 k €	-15.9%	57,2 k €	-14.5%	66,9 k €	-11.0%	75,2 k €
Cash	406,4 k €	-23.2%	529,3 k €	+17.2%	451,7 k €	+44.9%	311,7 k €	+33.0%	234,4 k €	+6.3%	220,6 k €	+59.9%	138 k €	-19.5%	171,5 k €	+0.1%	171,3 k €	+16.5%	147 k €	-4.6%	154,1 k €	+30.5%	118 k €	+208%	38,4 k €	-85.6%	265,5 k €	-0.4%	266,5 k €	+1522%	16,4 k €	-47.2%	31,1 k €	-4.0%	32,4 k €	-7.8%	35,2 k €	+54.7%	22,7 k €
Debts	100,8 k €	-35.3%	155,8 k €	+74.4%	89,3 k €	-21.3%	113,5 k €	-20.9%	143,6 k €	-35.8%	223,8 k €	+3.3%	216,7 k €	-14.1%	252,2 k €	-10.6%	282,3 k €	-16.8%	339,1 k €	-17.1%	409 k €	-4.6%	428,8 k €	+2.1%	420,2 k €	+727%	50,8 k €	-36.4%	79,9 k €	+4839%	1,6 k €	+996%	147,6 €		–		1,6 k €	+499%	268,1 €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Jérôme de BETHUNE

Director

Active

Ended mandates

André de BETHUNE

Manager · until 30 avril 2013

Ended

André de BETHUNE

Manager

Ended

Jérôme de BETHUNE

Administrator - manager

Ended

Jérôme de BETHUNE

Manager

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	01/01/2025	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	04/09/2026	28/08/2025	11/07/2024	29/08/2023	02/08/2022	26/08/2021
General meeting	02/09/2026	26/08/2025	11/05/2024	11/05/2023	11/05/2022	11/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	02/09/2026	04/09/2026	French	PDF
Micro model	31/12/2024	26/08/2025	28/08/2025	French	PDF
Micro model	31/12/2023	11/05/2024	11/07/2024	French	PDF
Micro model	31/12/2022	11/05/2023	29/08/2023	French	PDF
Micro model	31/12/2021	11/05/2022	02/08/2022	French	PDF
Micro model	31/12/2020	11/05/2021	26/08/2021	French	PDF
Micro model	31/12/2019	11/05/2020	29/10/2020	French	PDF
Micro model	31/12/2018	11/05/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	11/05/2018	10/09/2018	French	PDF
Abridged model	31/12/2016	11/05/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	05/08/2014	French	PDF
Abridged model	31/12/2012	11/05/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	01/08/2012	French	PDF
Abridged model	31/12/2010	11/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	14/06/2010	French	PDF
Abridged model	31/12/2008	11/05/2009	25/05/2009	French	PDF
Abridged model	31/12/2007	11/05/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	11/05/2007	29/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 1 active · 4 ended

Active mandates

Jérôme de BETHUNE

Director

Active

Ended mandates

André de BETHUNE

Manager · until 30 avril 2013

Ended

André de BETHUNE

Manager

Ended

Jérôme de BETHUNE

Administrator - manager

Ended

Jérôme de BETHUNE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/10/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office16/01/2014
SIEGE SOCIAL
PDF
Mandates07/10/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2011
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office22/03/2004
SIEGE SOCIAL
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 2025-43,7 k €↓
2024
Annual accounts 202469,1 k €↓
2023
Annual accounts 2023118,4 k €↑
2022
Annual accounts 2022-20,2 k €↓
2021
Annual accounts 202162,1 k €↑
2020
Annual accounts 202055,2 k €↑
2019
Annual accounts 201950,3 k €↑
2018
Annual accounts 201847,1 k €↓
2017
Annual accounts 201755,7 k €↑
2016
Annual accounts 201647,7 k €↓
2015
Annual accounts 201551,3 k €↑
2014
Annual accounts 201446,8 k €↑
2013
Annual accounts 201320,3 k €↓
2012
Annual accounts 201260,7 k €↓
2011
Annual accounts 2011112,5 k €↑
2010
Annual accounts 2010-15,3 k €↓
2009
Annual accounts 2009-9,2 k €↓
2008
Annual accounts 2008-8,1 k €↑
2007
Annual accounts 2007-9,6 k €↓
2006
Annual accounts 20067,8 k €
24/05/2000
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

MA & C (SRL)

Overview

What does MA & C do?

Trend over 20 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline