ACTIVE

MEN AT WORK

Financial year 2025 · closed on 31/12/2025
Net result
-24,6 k €
+89.8% YoY
Gross margin
1,7 M €
+17.7% YoY
Equity
387,2 k €
-6.0% YoY
Workforce
29,3 ETP
+0.7% YoY

What does MEN AT WORK do?

MEN AT WORK is a Public limited company incorporated in 2002. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Flémalle. It employs on average 29,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0476.647.706
Incorporation
05/02/2002
Legal form
Public limited company
Registered office
Rue des Semailles 22 box 7
4400 Flémalle · WallonieSee on map
Contributed capital
1 350 000,00 €
Latest accounts
31/12/2025
Average workforce
29,3 ETP
Joint committees (5)
  • 111
  • 11101
  • 124
  • 209
  • 20900
Signals
Good liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120122011201020092008
Income statement
Gross margin1,7 M €1,5 M €1,2 M €1,1 M €457,6 k €848,8 k €911,1 k €771,6 k €606,3 k €475,5 k €
EBITDA32 k €-153,9 k €-158,1 k €7 k €29,8 k €174,4 k €179,8 k €153,1 k €88,4 k €108,7 k €
Operating result-6,8 k €-188,2 k €-194,6 k €-35,9 k €12,5 k €88,6 k €108,2 k €114,8 k €50,5 k €43,8 k €
Net result-24,6 k €-241,4 k €-287,1 k €-113,4 k €-23,1 k €-19 k €59,7 k €67,1 k €25,2 k €156,7 k €
Balance sheet
Equity387,2 k €411,8 k €-96,8 k €-309,7 k €-196,3 k €375,3 k €396,9 k €294 k €232,8 k €207,7 k €
Total assets2,4 M €1,9 M €2,5 M €2,1 M €2,1 M €2 M €1,6 M €1,7 M €1,3 M €716,7 k €
Cash148,7 k €245,3 k €128,5 k €96,5 k €89,6 k €11,4 k €12 k €17,7 k €16,7 k €15,9 k €
Debts2 M €1,5 M €2,6 M €2,4 M €2,3 M €1,6 M €1,2 M €1,4 M €1,1 M €509 k €
Other
Workforce29,3 ETP29,1 ETP29,2 ETP23,3 ETP19,1 ETP16,1 ETP17,0 ETP15,7 ETP13,8 ETP11,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Ramudden Global

Director · since 20 juin 2024 · until 20 juin 2030 · 0732.834.505

Represented by Freek HAERENS

Active
Friso Haerens

Director · since 30 septembre 2020 · until 20 juin 2030

Active

Ended mandates

Dirk Schönauer

Director · since 30 septembre 2020 · until 10 juin 2022

Ended
DPLS INVEST

Director · since 30 septembre 2020 · until 10 juin 2022 · 0846.722.995

Represented by Philippe LIEBENS

Ended
DPLS INVEST

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0846.722.995

Represented by Liebens Philippe

Ended
Flake Services

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0440.284.780

Represented by Freek HAERENS

Ended
At this address

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0883.571.020
ROCCIMMOActive
0748.880.778
0798.546.857
Annual accounts

Full financial information

202520242023202220212021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202101/07/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2021
Length of the financial year12 months12 months12 months12 months6 months12 months
Filing date01/07/202623/07/202517/07/202431/07/202330/08/202228/03/2022
General meeting18/06/202622/07/202530/06/202419/05/202330/06/202230/12/2021
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 model31/12/202518/06/202601/07/2026FrenchPDF
Abridged model31/12/202422/07/202523/07/2025FrenchPDF
Abridged model31/12/202330/06/202417/07/2024FrenchPDF
Abridged model31/12/202219/05/202331/07/2023FrenchPDF
Abridged model31/12/202130/06/202230/08/2022FrenchPDF
Abridged model30/06/202130/12/202128/03/2022FrenchPDF
Abridged model30/06/202008/03/202101/07/2021FrenchPDF
Abridged model30/06/201929/11/201920/12/2019FrenchPDF
Abridged model30/06/201810/01/201931/01/2019FrenchPDF
Abridged model30/06/201715/12/201721/12/2017FrenchPDF
Abridged model30/06/201625/11/201621/12/2016FrenchPDF
Abridged model30/06/201515/01/201622/02/2016FrenchPDF
Abridged model31/12/201312/05/201425/08/2014FrenchPDF
Abridged model31/12/201213/05/201318/10/2013FrenchPDF
Abridged model31/12/201128/09/201225/10/2012FrenchPDF
Abridged model31/12/201009/05/201129/07/2011FrenchPDF
Abridged model31/12/200930/06/201009/08/2010FrenchPDF
Abridged model31/12/200830/06/200928/08/2009FrenchPDF
Full model31/12/200713/05/200806/06/2008FrenchPDF
Full model31/12/200614/05/200730/05/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 21 ended

Active mandates

Ramudden Global

Director · since 20 juin 2024 · until 20 juin 2030 · 0732.834.505

Represented by Freek HAERENS

Active
Friso Haerens

Director · since 30 septembre 2020 · until 20 juin 2030

Active

Ended mandates

Dirk Schönauer

Director · since 30 septembre 2020 · until 10 juin 2022

Ended
DPLS INVEST

Director · since 30 septembre 2020 · until 10 juin 2022 · 0846.722.995

Represented by Philippe LIEBENS

Ended
DPLS INVEST

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0846.722.995

Represented by Liebens Philippe

Ended
Flake Services

Director · since 30 septembre 2020 · until 30 septembre 2026 · 0440.284.780

Represented by Freek HAERENS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares24/05/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Other14/12/2023
    DIVERS
    PDF
  • Capital / shares28/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates29/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other12/01/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ANNEE COMPTABLE
    PDF
  • Mandates07/12/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring17/07/2020
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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 2025-24,6 k €
  2. 2024
    Annual accounts 2024-241,4 k €
  3. 2023
    Annual accounts 2023-287,1 k €
  4. 2022
    Annual accounts 2022-113,4 k €
  5. 2021
    Annual accounts 2021-23,1 k €
  6. 2012
    Annual accounts 2012-19 k €
  7. 2011
    Annual accounts 201159,7 k €
  8. 2010
    Annual accounts 201067,1 k €
  9. 2009
    Annual accounts 200925,2 k €
  10. 2008
    Annual accounts 2008156,7 k €
  11. 05/02/2002
    IncorporationPublic limited company