ACTIVE

M.A. CONSTRUCTION

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Financial year 2025 · closed on 31/12/2025

Net result

30,1 k €

-12.9% YoY

Gross margin

620,5 k €

-9.7% YoY

Equity

314 k €

+0.0% YoY

Workforce

10,3 ETP

-6.4% YoY

What does M.A. CONSTRUCTION do?

M.A. CONSTRUCTION is a Private limited company incorporated in 2000. Its main activity is: Construction of buildings. Its registered office is in Dinant. It employs on average 10,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.320.318

Incorporation

07/07/2000

Legal form

Private limited company

Registered office

Avenue de la Déportation 10
5500 Dinant · WallonieSee on map

Contributed capital

6 205,32 €

Latest accounts

31/12/2025

Average workforce

10,3 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (3)

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 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	620,5 k €	-9.7%	686,9 k €	-11.8%	778,9 k €	+18.9%	654,9 k €	+39.3%	470,2 k €	-1.3%	476,4 k €	+1.0%	471,4 k €	+49.3%	315,8 k €	+15.6%	273,3 k €	-26.6%	372,3 k €	-28.2%	518,4 k €	-5.1%	546,5 k €	+29.8%	420,9 k €	-0.9%	424,6 k €	-1.8%	432,3 k €	+5.2%	410,8 k €	+14.0%	360,5 k €	+3.2%	349,5 k €	+17.0%	298,6 k €	+29.3%	230,9 k €
EBITDA	81,5 k €	+16.8%	69,8 k €	-53.9%	151,3 k €	+22.8%	123,2 k €	+75.1%	70,3 k €	+19.1%	59,1 k €	+587%	8,6 k €	-77.7%	38,5 k €	+203%	-37,3 k €	-238%	27,1 k €	-47.5%	51,6 k €	+0.2%	51,5 k €	+69.5%	30,4 k €	-19.7%	37,9 k €	-41.4%	64,6 k €	-31.0%	93,7 k €	-2.6%	96,2 k €	+12.2%	85,7 k €	-3.5%	88,8 k €	+47.2%	60,3 k €
Operating result	47,5 k €	-11.0%	53,3 k €	-22.5%	68,8 k €	-7.4%	74,3 k €	+90.1%	39,1 k €	-4.5%	41 k €	+386%	-14,3 k €	-172%	19,9 k €	+133%	-60,4 k €	-511%	-9,9 k €	-461%	2,7 k €	-60.6%	6,9 k €	+269%	-4,1 k €	+79.6%	-20,1 k €	-394%	6,9 k €	-82.3%	38,7 k €	-14.7%	45,4 k €	+1.8%	44,5 k €	-22.9%	57,8 k €	+47.3%	39,2 k €
Net result	30,1 k €	-12.9%	34,6 k €	-27.3%	47,6 k €	-11.9%	54 k €	+128%	23,7 k €	-25.0%	31,7 k €	+172%	-43,9 k €	-349%	17,6 k €	+127%	-65,4 k €	-453%	-11,8 k €	-236%	8,7 k €	+82.8%	4,7 k €	+171%	1,8 k €	+97.2%	888,4 €	-85.5%	6,1 k €	-78.5%	28,4 k €	-15.7%	33,7 k €	+13.6%	29,7 k €	-24.5%	39,3 k €	+24.3%	31,6 k €
Balance sheet
Equity	314 k €	+0.0%	313,9 k €	+12.4%	279,3 k €	+20.5%	231,7 k €	+30.4%	177,7 k €	+15.4%	153,9 k €	+1.8%	151,2 k €	-22.5%	195,2 k €	+9.9%	177,5 k €	-26.9%	242,9 k €	-4.6%	254,7 k €	+3.5%	246,1 k €	+2.0%	241,3 k €	+0.7%	239,6 k €	+0.4%	238,7 k €	+2.6%	232,6 k €	+13.9%	204,1 k €	+19.8%	170,4 k €	+21.1%	140,7 k €	+38.8%	101,4 k €
Total assets	619,2 k €	-4.0%	645,2 k €	+3.1%	626 k €	+9.7%	570,5 k €	+12.5%	507,2 k €	+34.6%	376,8 k €	+3.5%	363,9 k €	-18.6%	446,9 k €	-3.9%	465,1 k €	-19.1%	575,2 k €	-12.1%	654,7 k €	+3.6%	632,2 k €	+21.3%	521,1 k €	+3.6%	502,8 k €	+4.9%	479,1 k €	+30.3%	367,8 k €	+12.0%	328,4 k €	+6.6%	307,9 k €	+19.2%	258,3 k €	+27.1%	203,2 k €
Cash	98,3 k €	+151%	39,1 k €	-5.3%	41,3 k €	-49.4%	81,5 k €	+249%	23,4 k €	-66.0%	68,7 k €	+6.9%	64,2 k €	+175%	23,4 k €	-18.1%	28,5 k €	-8.4%	31,1 k €	+4.1%	29,9 k €	+23.3%	24,3 k €	-75.2%	97,9 k €	+387%	20,1 k €	-68.1%	62,9 k €	+71.0%	36,8 k €	-42.5%	63,9 k €	+19.4%	53,5 k €	+31.6%	40,7 k €	+81.5%	22,4 k €
Debts	305,2 k €	-7.9%	331,3 k €	-4.4%	346,7 k €	+2.5%	338,3 k €	+6.9%	316,6 k €	+42.0%	222,9 k €	+4.8%	212,7 k €	-15.5%	251,7 k €	-12.5%	287,5 k €	-13.5%	332,3 k €	-16.9%	399,9 k €	+3.6%	386,1 k €	+38.0%	279,8 k €	+6.3%	263,2 k €	+9.5%	240,4 k €	+77.8%	135,2 k €	+8.8%	124,3 k €	-9.7%	137,5 k €	+17.0%	117,6 k €	+15.5%	101,8 k €
Other
Workforce	10,3 ETP	-6.4%	11,0 ETP	-5.2%	11,6 ETP	+10.5%	10,5 ETP	+1.0%	10,4 ETP	-8.8%	11,4 ETP		–		–		–		–		9,2 ETP	0.0%	9,2 ETP	0.0%	9,2 ETP	-8.9%	10,1 ETP	-9.8%	11,2 ETP	+16.7%	9,6 ETP	+7.9%	8,9 ETP	+12.7%	7,9 ETP	+12.9%	7,0 ETP	+12.9%	6,2 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 31/12/2025 · 1 active · 7 ended

Active mandates

CHRISTOPHE BALON

Director · since 20 juin 2016

Active

Ended mandates

ERIC BALON

Director · since 20 juin 2016

Ended

Christophe Marchal

Manager · since 07 juillet 2000

Ended

Patrick Antoine

Manager · since 07 juillet 2000

Ended

Christophe MARCHAL

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GYLLEN KIABU AVOCAT● Active	0766.519.536

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	01/01/2025	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	12/06/2026	17/06/2025	13/06/2024	05/06/2023	01/06/2022	07/07/2021
General meeting	01/06/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	12/06/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	17/06/2025	French	PDF
Abridged model	31/12/2023	27/05/2024	13/06/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	05/06/2023	French	PDF
Abridged model	31/12/2021	30/05/2022	01/06/2022	French	PDF
Abridged modelCorrection	31/12/2020	31/05/2021	07/07/2021	French	PDF
Abridged model	31/12/2020	31/05/2021	23/06/2021	French	PDF
Micro model	31/12/2019	17/09/2020	22/09/2020	French	PDF
Micro model	31/12/2018	08/05/2019	17/06/2019	French	PDF
Abridged model	31/12/2017	27/08/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	20/10/2017	25/10/2017	French	PDF
Abridged model	31/12/2015	08/08/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	21/09/2015	22/09/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	26/09/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	08/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	23/06/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	28/05/2007	24/07/2007	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 31/12/2025 · 1 active · 7 ended

Active mandates

CHRISTOPHE BALON

Director · since 20 juin 2016

Active

Ended mandates

ERIC BALON

Director · since 20 juin 2016

Ended

Christophe Marchal

Manager · since 07 juillet 2000

Ended

Patrick Antoine

Manager · since 07 juillet 2000

Ended

Christophe MARCHAL

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office20/02/2024
SIEGE SOCIAL
PDF
Mandates06/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates29/12/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Registered office23/01/2018
SIEGE SOCIAL
PDF
Mandates09/08/2016
DEMISSIONS, NOMINATIONS
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 202530,1 k €↓
2024
Annual accounts 202434,6 k €↓
2023
Annual accounts 202347,6 k €↓
2022
Annual accounts 202254 k €↑
2021
Annual accounts 202123,7 k €↓
2020
Annual accounts 202031,7 k €↑
2019
Annual accounts 2019-43,9 k €↓
2018
Annual accounts 201817,6 k €↑
2017
Annual accounts 2017-65,4 k €↓
2016
Annual accounts 2016-11,8 k €↓
2015
Annual accounts 20158,7 k €↑
2014
Annual accounts 20144,7 k €↑
2013
Annual accounts 20131,8 k €↑
2012
Annual accounts 2012888,4 €↓
2011
Annual accounts 20116,1 k €↓
2010
Annual accounts 201028,4 k €↓
2009
Annual accounts 200933,7 k €↑
2008
Annual accounts 200829,7 k €↓
2007
Annual accounts 200739,3 k €↑
2006
Annual accounts 200631,6 k €
07/07/2000
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

M.A. CONSTRUCTION

Overview

What does M.A. CONSTRUCTION do?

Trend over 20 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