ACTIVE

M2Q

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Financial year 2025 · closed on 31/12/2025
Net result
409,5 k €
+62.0% YoY
Revenue
6,9 M €
-4.8% YoY
Equity
2,8 M €
-28.0% YoY
Workforce
35,0 ETP
-3.0% YoY

What does M2Q do?

M2Q is a Public limited company incorporated in 2000. Its main activity is: Computer programming activities. Its registered office is in Kontich. It employs on average 35,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0472.593.797
Incorporation
04/08/2000
Legal form
Public limited company
Registered office
Veldkant 33A
2550 Kontich · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
35,0 ETP
Activities (NACE)
62010Computer programming activities· main62020Computer consultancy activities62100Computer programming, consultancy and related activities62200Computer programming, consultancy and related activities72100Research and experimental development on natural sciences and engineering72220Research and experimental development on social sciences and humanities
Joint committees (2)
  • 200
  • 218
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

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue6,9 M €7,2 M €8,5 M €7,8 M €7,5 M €5,8 M €5,9 M €6,5 M €5,3 M €5 M €4,2 M €3,2 M €2,9 M €3,6 M €3,3 M €3,5 M €3,5 M €3,8 M €2,3 M €1,5 M €
EBITDA599,5 k €349 k €1 M €997 k €1,1 M €795,4 k €804,3 k €1,1 M €672,8 k €670,1 k €613,1 k €364,5 k €269,5 k €371,7 k €148,7 k €60,1 k €94,8 k €223,9 k €100,4 k €131,1 k €
Operating result581,1 k €325,3 k €1 M €994,9 k €1,1 M €785,7 k €790,3 k €1,1 M €655,6 k €657,3 k €606,7 k €358,9 k €264,1 k €365,7 k €141 k €52,1 k €86,2 k €216,9 k €97,4 k €129,5 k €
Net result409,5 k €252,8 k €761,4 k €695,1 k €798,2 k €549,7 k €516,8 k €695,7 k €390,8 k €395 k €375,3 k €214,1 k €151,6 k €206,8 k €52,3 k €9,8 k €19,2 k €105,4 k €37,4 k €71,6 k €
Balance sheet
Equity2,8 M €3,9 M €3,7 M €3,2 M €2,7 M €2,4 M €1,8 M €1,3 M €1,2 M €1,1 M €949,7 k €694,4 k €549,4 k €467,8 k €361 k €308,7 k €298,9 k €329,7 k €224,3 k €186,9 k €
Total assets5,5 M €5,2 M €5,5 M €4,7 M €4,3 M €3,9 M €3 M €3,2 M €2,8 M €2,3 M €2 M €1,5 M €1,1 M €1,2 M €1 M €1,2 M €1,2 M €1,3 M €853 k €722,9 k €
Cash24,8 k €14,3 k €48,2 k €21,1 k €16,7 k €23,9 k €36,7 k €436,5 k €142,1 k €228,4 k €182,5 k €215,7 k €136,2 k €261,8 k €69 k €75,6 k €407,2 k €135,2 k €18,7 k €83,9 k €
Debts2,6 M €1,2 M €1,7 M €1,3 M €1,4 M €1,3 M €1,1 M €1,9 M €1,7 M €1,2 M €1 M €785,6 k €531,8 k €706,1 k €664 k €916,6 k €867,2 k €961,7 k €628,1 k €534,3 k €
Other
Workforce35,0 ETP36,1 ETP38,5 ETP35,7 ETP29,7 ETP28,0 ETP34,0 ETP38,5 ETP33,5 ETP25,3 ETP22,5 ETP19,1 ETP17,4 ETP20,2 ETP19,8 ETP23,8 ETP26,8 ETP30,8 ETP21,7 ETP12,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 20 ended

Active mandates

De Cronos Groep

Director · since 04 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Active

Ended mandates

Divirsiti

Director · since 04 juin 2020 · until 17 février 2022 · 0664.942.225

Represented by Wim Bijnens

Ended
Divirsiti

Director · since 04 juin 2020 · until 03 juin 2024 · 0664.942.225

Represented by Wim Bijnens

Ended
Slingshot

Director · since 09 octobre 2019 · until 03 juin 2020 · 0564.751.618

Represented by Wim Bijnens

Ended
De Cronos Groep

Director · since 04 juin 2018 · until 03 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202607/07/202511/07/202401/08/202325/08/202228/06/2021
General meeting03/06/202603/06/202503/06/202405/06/202329/07/202203/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202627/07/2026DutchPDF
Abridged model31/12/202403/06/202507/07/2025DutchPDF
Abridged model31/12/202303/06/202411/07/2024DutchPDF
Abridged model31/12/202205/06/202301/08/2023DutchPDF
Abridged model31/12/202129/07/202225/08/2022DutchPDF
Abridged model31/12/202003/06/202128/06/2021DutchPDF
Full model31/12/201903/06/202009/07/2020DutchPDF
Full model31/12/201803/06/201920/06/2019DutchPDF
Full model31/12/201704/06/201816/07/2018DutchPDF
Full model31/12/201603/06/201703/08/2017DutchPDF
Full model31/12/201503/06/201608/07/2016DutchPDF
Full model31/12/201403/06/201523/06/2015DutchPDF
Full model31/12/201303/06/201424/07/2014DutchPDF
Full model31/12/201203/06/201309/07/2013DutchPDF
Full model31/12/201104/06/201226/07/2012DutchPDF
Full model31/12/201003/06/201102/08/2011DutchPDF
Full model31/12/200903/06/201015/07/2010DutchPDF
Full model31/12/200803/06/200923/07/2009DutchPDF
Full model31/12/200703/06/200823/07/2008DutchPDF
Full model31/12/200604/06/200722/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 20 ended

Active mandates

De Cronos Groep

Director · since 04 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Active

Ended mandates

Divirsiti

Director · since 04 juin 2020 · until 17 février 2022 · 0664.942.225

Represented by Wim Bijnens

Ended
Divirsiti

Director · since 04 juin 2020 · until 03 juin 2024 · 0664.942.225

Represented by Wim Bijnens

Ended
Slingshot

Director · since 09 octobre 2019 · until 03 juin 2020 · 0564.751.618

Represented by Wim Bijnens

Ended
De Cronos Groep

Director · since 04 juin 2018 · until 03 juin 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/11/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/02/2018
    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

Timeline

  1. 2025
    Annual accounts 2025409,5 k €↑
  2. 2024
    Annual accounts 2024252,8 k €↓
  3. 2023
    Annual accounts 2023761,4 k €↑
  4. 2022
    Annual accounts 2022695,1 k €↓
  5. 2021
    Annual accounts 2021798,2 k €↑
  6. 2020
    Annual accounts 2020549,7 k €↑
  7. 2019
    Annual accounts 2019516,8 k €↓
  8. 2018
    Annual accounts 2018695,7 k €↑
  9. 2017
    Annual accounts 2017390,8 k €↓
  10. 2016
    Annual accounts 2016395 k €↑
  11. 2015
    Annual accounts 2015375,3 k €↑
  12. 2014
    Annual accounts 2014214,1 k €↑
  13. 2013
    Annual accounts 2013151,6 k €↓
  14. 2012
    Annual accounts 2012206,8 k €↑
  15. 2011
    Annual accounts 201152,3 k €↑
  16. 2010
    Annual accounts 20109,8 k €↓
  17. 2009
    Annual accounts 200919,2 k €↓
  18. 2008
    Annual accounts 2008105,4 k €↑
  19. 2007
    Annual accounts 200737,4 k €↓
  20. 2006
    Annual accounts 200671,6 k €
  21. 04/08/2000
    IncorporationPublic limited company