ACTIVE

M4CE

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Financial year 2025 · closed on 31/08/2025

Net result

-224,4 k €

-146.0% YoY

Gross margin

-153,7 k €

-21377.9% YoY

Equity

505,1 k €

-30.8% YoY

What does M4CE do?

M4CE is a Private limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Heist-op-den-Berg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.063.762

Incorporation

07/06/2000

Legal form

Private limited company

Registered office

Donatusstraat(HAL) 2
2220 Heist-op-den-Berg · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

31/08/2025

Activities (NACE)

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

Signals

Solid equityLow riskGood liquidity

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Health score

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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	-153,7 k €	-21378%	722,3 €	-99.6%	162,4 k €	+23.8%	131,3 k €	-27.6%	181,3 k €	+62.6%	111,5 k €	+13.5%	98,3 k €	-22.8%	127,3 k €	-1.4%	129,1 k €	-21.2%	163,8 k €	+578%	24,1 k €	-14.3%	28,2 k €	-2.1%	28,8 k €	-34.6%	44 k €	+193%	15 k €	-62.9%	40,5 k €	+85.7%	21,8 k €	-25.5%	29,3 k €	-26.6%	39,9 k €
EBITDA	-159,7 k €	-6176%	-2,5 k €	-102%	160,2 k €	+26.7%	126,4 k €	-29.9%	180,3 k €	+63.1%	110,6 k €	+14.4%	96,7 k €	-22.9%	125,3 k €	+2.6%	122,1 k €	-24.1%	160,9 k €	+636%	21,9 k €	-4.1%	22,8 k €	-19.1%	28,2 k €	-30.3%	40,4 k €	+206%	13,2 k €	-62.7%	35,4 k €	+76.7%	20 k €	-26.1%	27,1 k €	-28.7%	38 k €
Operating result	-199,5 k €	-321%	-47,4 k €	-139%	122,9 k €	+62.6%	75,6 k €	-41.2%	128,5 k €	+117%	59,3 k €	+53.8%	38,5 k €	-36.2%	60,4 k €	+20.9%	50 k €	-65.1%	143,1 k €	+880%	14,6 k €	-5.7%	15,5 k €	-26.0%	20,9 k €	-35.1%	32,2 k €	+443%	5,9 k €	-52.9%	12,6 k €	+2314%	522,2 €	-94.1%	8,9 k €	-59.7%	22,1 k €
Net result	-224,4 k €	-146%	487,5 k €	+164%	184,6 k €	+213%	59 k €	-50.1%	118,3 k €	+144%	48,6 k €	+253%	13,7 k €	-62.0%	36,2 k €	+99.6%	18,1 k €	-53.2%	38,7 k €	+322%	9,2 k €	+38.3%	6,6 k €	-47.2%	12,6 k €	-23.8%	16,5 k €	+782%	1,9 k €	-73.1%	6,9 k €	+325%	-3,1 k €	-187%	3,6 k €	-71.4%	12,4 k €
Balance sheet
Equity	505,1 k €	-30.8%	729,5 k €	+107%	352 k €	+28.3%	274,4 k €	+9.8%	250 k €	+24.2%	201,2 k €	+10.2%	182,6 k €	+8.1%	168,8 k €	+27.3%	132,7 k €	+15.8%	114,5 k €	+51.1%	75,8 k €	+13.8%	66,6 k €	+11.1%	60 k €	+26.5%	47,4 k €	-22.2%	60,9 k €	+3.2%	59,1 k €	+13.3%	52,1 k €	-5.6%	55,2 k €	+6.9%	51,6 k €
Total assets	902,8 k €	-29.1%	1,3 M €	+28.8%	988,8 k €	+5.1%	940,4 k €	-5.1%	990,6 k €	-2.6%	1 M €	-19.0%	1,3 M €	-0.4%	1,3 M €	+53.1%	822,6 k €	+104%	402,8 k €	+168%	150,2 k €	+11.3%	134,9 k €	+13.3%	119,1 k €	+10.4%	107,9 k €	-0.4%	108,4 k €	+35.8%	79,8 k €	-18.0%	97,3 k €	+18.2%	82,3 k €	-32.7%	122,4 k €
Cash	23,8 k €	-92.3%	307,9 k €	+649%	41,1 k €	+824%	4,5 k €	-73.5%	16,8 k €	-55.3%	37,6 k €	+4894%	753,6 €	-97.2%	26,5 k €	-91.5%	313,9 k €	+267%	85,6 k €	+99.5%	42,9 k €	+89.2%	22,7 k €	-27.0%	31 k €	-20.8%	39,2 k €	+820%	4,3 k €	-1.6%	4,3 k €	-78.2%	19,9 k €	+121%	9 k €	-59.7%	22,3 k €
Debts	98,1 k €	-60.3%	247,1 k €	-26.6%	336,9 k €	-9.3%	371,4 k €	-15.7%	440,4 k €	-11.4%	497 k €	-33.3%	745,3 k €	-3.8%	774,8 k €	+105%	377,3 k €	+659%	49,7 k €	-33.2%	74,4 k €	+8.9%	68,3 k €	+15.5%	59,1 k €	-2.3%	60,5 k €	+27.5%	47,5 k €	+129%	20,8 k €	-54.1%	45,2 k €	+66.8%	27,1 k €	-61.7%	70,8 k €

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 31/08/2025 · 1 active · 5 ended

Active mandates

LEGATI

Director · 0740.618.952

Represented by Tine Galicia

Active

Ended mandates

LEGATI

Director · since 01 janvier 2020 · 0740.618.952

Represented by Tine Galicia

Ended

LEGATI

Manager · since 01 janvier 2020 · 0740.618.952

Represented by Leen Galicia

Ended

Jan Aflons Galicia

Manager

Ended

Jan Galicia

Manager · until 01 janvier 2020

Ended

At this address

Other companies at this address

Company	CBE no.
LEGATI● Active	0740.618.952
SEVEN DAYS OPEN● Active	0475.671.568
Verhulst● Active	0820.160.437

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	01/09/2024	01/09/2023	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	8 months	12 months	12 months	12 months
Filing date	31/03/2026	17/03/2025	29/03/2024	20/07/2023	19/07/2022	25/07/2021
General meeting	28/02/2026	13/03/2025	26/03/2024	30/06/2023	30/06/2022	30/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2025	28/02/2026	31/03/2026	Dutch	PDF
Abridged model	31/08/2024	13/03/2025	17/03/2025	Dutch	PDF
Abridged model	31/08/2023	26/03/2024	29/03/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	25/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	30/09/2015	19/02/2016	31/05/2016	Dutch	PDF
Abridged model	30/09/2014	21/03/2015	30/04/2015	Dutch	PDF
Abridged model	30/09/2013	21/02/2014	28/04/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	17/02/2012	31/05/2012	Dutch	PDF
Abridged model	30/09/2010	18/02/2011	29/04/2011	Dutch	PDF
Abridged model	30/09/2009	19/02/2010	28/05/2010	Dutch	PDF
Abridged model	30/09/2008	20/02/2009	21/08/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	16/02/2007	15/03/2007	Dutch	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 31/08/2025 · 1 active · 5 ended

Active mandates

LEGATI

Director · 0740.618.952

Represented by Tine Galicia

Active

Ended mandates

LEGATI

Director · since 01 janvier 2020 · 0740.618.952

Represented by Tine Galicia

Ended

LEGATI

Manager · since 01 janvier 2020 · 0740.618.952

Represented by Leen Galicia

Ended

Jan Aflons Galicia

Manager

Ended

Jan Galicia

Manager · until 01 janvier 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other25/07/2023
WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates06/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/11/2018
MAATSCHAPPELIJKE ZETEL
PDF
Other24/01/2017
BOEKJAAR
PDF
Other07/10/2016
ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office18/03/2009
MAATSCHAPPELIJKE ZETEL
PDF
Registered office12/01/2004
MAATSCHAPPELIJKE ZETEL
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 2025-224,4 k €↓
2024
Annual accounts 2024487,5 k €↑
2023
Annual accounts 2023184,6 k €↑
2022
Annual accounts 202259 k €↓
2021
Annual accounts 2021118,3 k €↑
2020
Annual accounts 202048,6 k €↑
2019
Annual accounts 201913,7 k €↓
2018
Annual accounts 201836,2 k €↑
2017
Annual accounts 201718,1 k €↓
2016
Annual accounts 201638,7 k €↑
2015
Annual accounts 20159,2 k €↑
2014
Annual accounts 20146,6 k €↓
2013
Annual accounts 201312,6 k €↓
2012
Annual accounts 201216,5 k €↑
2011
Annual accounts 20111,9 k €↓
2010
Annual accounts 20106,9 k €↑
2009
Annual accounts 2009-3,1 k €↓
2008
Annual accounts 20083,6 k €↓
2007
Annual accounts 200712,4 k €
07/06/2000
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

M4CE

Overview

What does M4CE 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