ACTIVE

MOTISHA

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Financial year 2025 · closed on 31/12/2025

Net result

148,8 k €

+178.1% YoY

Gross margin

848,3 k €

+10.2% YoY

Equity

534,6 k €

+38.6% YoY

Workforce

6,3 ETP

-19.2% YoY

What does MOTISHA do?

MOTISHA is a Private limited company incorporated in 2002. Its registered office is in Brugge. It employs on average 6,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.424.102

Incorporation

26/04/2002

Legal form

Private limited company

Registered office

Dampoortstraat 265 box 3
8310 Brugge · FlandreSee on map

Contributed capital

268 655,20 €

Latest accounts

31/12/2025

Average workforce

6,3 ETP

Joint committees (2)

Signals

ProfitablePositive 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	848,3 k €	+10.2%	769,8 k €	-12.2%	876,5 k €	+10.0%	796,5 k €	-8.1%	866,7 k €	+120%	393,8 k €	-16.1%	469,3 k €	+79.4%	261,6 k €	-32.0%	384,4 k €	+19.7%	321,2 k €	-15.6%	380,6 k €	+9.1%	348,9 k €	+16.7%	299 k €	+16.4%	256,8 k €	-4.0%	267,4 k €	+30.4%	205,1 k €	+6.3%	192,8 k €	-24.0%	253,6 k €	+5.5%	240,4 k €	+26.3%	190,3 k €
EBITDA	379,3 k €	+73.3%	218,8 k €	-10.5%	244,4 k €	-14.1%	284,7 k €	-36.3%	447,2 k €	+1516%	-31,6 k €	-127%	115,9 k €	+98.4%	58,4 k €	-70.4%	197,3 k €	+51.2%	130,5 k €	-41.2%	221,9 k €	+19.2%	186,2 k €	+26.5%	147,2 k €	+70.8%	86,2 k €	+17.8%	73,2 k €	-12.2%	83,3 k €	+57.2%	53 k €	+1100%	-5,3 k €	-145%	11,7 k €	-84.1%	74 k €
Operating result	228,9 k €	+242%	-161,6 k €	-142%	-66,8 k €	-222%	54,6 k €	-85.1%	366 k €	+576%	-76,9 k €	-312%	36,3 k €	+456%	-10,2 k €	-107%	141,4 k €	+101%	70,4 k €	-46.1%	130,7 k €	+27.0%	102,9 k €	+65.1%	62,3 k €	+288%	16,1 k €	+63.3%	9,8 k €	-85.4%	67,3 k €	+85.2%	36,4 k €	+207%	-33,9 k €	-136%	-14,3 k €	-126%	55 k €
Net result	148,8 k €	+178%	-190,5 k €	-68.6%	-113 k €	-508%	27,7 k €	-91.3%	316,7 k €	+475%	-84,5 k €	-52.0%	-55,6 k €	+30.7%	-80,3 k €	-200%	79,9 k €	+157%	31,1 k €	-58.0%	73,9 k €	+15.5%	64 k €	+65.4%	38,7 k €	+8956%	427,1 €	+106%	-7,1 k €	-114%	51 k €	+215%	16,2 k €	+129%	-55,4 k €	-57.6%	-35,2 k €	-195%	37 k €
Balance sheet
Equity	534,6 k €	+38.6%	385,8 k €	-33.1%	576,3 k €	-16.4%	689,3 k €	+4.2%	661,6 k €	+597%	94,9 k €	-47.1%	179,4 k €	-23.7%	235 k €	-25.5%	315,2 k €	+34.0%	235,3 k €	+15.2%	204,2 k €	+56.7%	130,3 k €	+96.4%	66,4 k €	+140%	27,7 k €	+1.6%	27,3 k €	-20.7%	34,4 k €	+307%	-16,6 k €	+49.4%	-32,8 k €	-245%	22,6 k €	-60.9%	57,8 k €
Total assets	1,9 M €	+10.8%	1,7 M €	-32.7%	2,6 M €	+28.8%	2 M €	+13.7%	1,8 M €	+23.1%	1,4 M €	-0.7%	1,5 M €	+31.9%	1,1 M €	+12.6%	977 k €	+12.5%	868,5 k €	-13.1%	999,9 k €	+13.5%	880,9 k €	+20.4%	731,4 k €	-21.2%	928,3 k €	+7.2%	866,3 k €	+27.2%	680,9 k €	+35.6%	502,3 k €	-24.5%	665 k €	-22.7%	860,9 k €	+174%	313,9 k €
Cash	280,1 k €	+126%	124,1 k €	-26.6%	169 k €	-38.3%	273,7 k €	-12.8%	314 k €	+22.7%	255,9 k €	-20.1%	320,3 k €	+157%	124,4 k €	+32.7%	93,8 k €	-61.0%	240,6 k €	+110%	114,6 k €	-18.9%	141,3 k €	-2.3%	144,6 k €	-49.5%	286,1 k €	+731%	34,4 k €	+529%	5,5 k €	-37.1%	8,7 k €		–		36,8 k €	+64.9%	22,3 k €
Debts	1,2 M €	+1.2%	1,2 M €	-38.0%	2 M €	+70.7%	1,2 M €	+10.1%	1,1 M €	-16.4%	1,3 M €	+4.1%	1,2 M €	+72.1%	702,7 k €	+50.9%	465,5 k €	+8.8%	427,7 k €	-23.2%	557,2 k €	-17.1%	672,1 k €	+13.1%	594,3 k €	-14.1%	691,7 k €	-5.0%	728,4 k €	+62.3%	448,9 k €	+15.1%	390,1 k €	-28.2%	543,4 k €	-32.5%	805,2 k €	+244%	233,8 k €
Other
Workforce	6,3 ETP	-19.2%	7,8 ETP	-1.3%	7,9 ETP	+27.4%	6,2 ETP	+12.7%	5,5 ETP	+3.8%	5,3 ETP	+23.3%	4,3 ETP	+34.4%	3,2 ETP	-25.6%	4,3 ETP	0.0%	4,3 ETP	+34.4%	3,2 ETP	+10.3%	2,9 ETP	+3.6%	2,8 ETP	-20.0%	3,5 ETP	-22.2%	4,5 ETP	+60.7%	2,8 ETP	-12.5%	3,2 ETP	-51.5%	6,6 ETP	+8.2%	6,1 ETP	+64.9%	3,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Gunther Everaert

Director · since 04 février 2021

Active

Ended mandates

Gunther Everaert

Director · since 21 janvier 2021

Ended

Gunther Everaert

Administrator - manager · since 24 avril 2002 · until 21 janvier 2021

Ended

Gunther Everaert

Manager · since 24 avril 2002

Ended

Tom Van Daele

Manager · since 24 avril 2002 · until 31 mars 2009

Ended

At this address

Other companies at this address

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Advocaat Emma Van Eenoo● Active	1037.353.137
DAMPORT● Active	0834.440.223
ITA Group Europe● Active	0761.912.729
MUNERA● Active	0862.443.628
Reallegal● Active	0791.161.593
VENTOUX● Active	0645.594.287

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	29/07/2026	18/07/2025	02/07/2024	03/07/2023	22/07/2022	20/07/2021
General meeting	30/06/2026	30/06/2025	03/06/2024	05/06/2023	30/06/2022	21/06/2021
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	31/12/2025	30/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	18/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	21/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 6 ended

Active mandates

Gunther Everaert

Director · since 04 février 2021

Active

Ended mandates

Gunther Everaert

Director · since 21 janvier 2021

Ended

Gunther Everaert

Administrator - manager · since 24 avril 2002 · until 21 janvier 2021

Ended

Gunther Everaert

Manager · since 24 avril 2002

Ended

Tom Van Daele

Manager · since 24 avril 2002 · until 31 mars 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other18/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/02/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other11/01/2018
BENAMING - DOEL
PDF
Registered office29/08/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office13/09/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/04/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/12/2007
MAATSCHAPPELIJKE ZETEL - BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/03/2003
ONTSLAGEN - BENOEMINGEN - 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 2025148,8 k €↑
2024
Annual accounts 2024-190,5 k €↓
2023
Annual accounts 2023-113 k €↓
2022
Annual accounts 202227,7 k €↓
2021
Annual accounts 2021316,7 k €↑
2020
Annual accounts 2020-84,5 k €↓
2019
Annual accounts 2019-55,6 k €↑
2018
Annual accounts 2018-80,3 k €↓
2017
Annual accounts 201779,9 k €↑
2017
Name changeMOTISHA
2016
Annual accounts 201631,1 k €↓
2015
Annual accounts 201573,9 k €↑
2014
Annual accounts 201464 k €↑
2013
Annual accounts 201338,7 k €↑
2012
Annual accounts 2012427,1 €↑
2011
Annual accounts 2011-7,1 k €↓
2010
Annual accounts 201051 k €↑
2009
Annual accounts 200916,2 k €↑
2008
Annual accounts 2008-55,4 k €↓
2007
Annual accounts 2007-35,2 k €↓
2007
Name changeSwingGroup
2006
Annual accounts 200637 k €
2006
Name changeQCS COMMUNICATIONS
26/04/2002
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

MOTISHA

Overview

What does MOTISHA 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