ACTIVE

MBADVICE

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Financial year 2025 · closed on 30/06/2025

Net result

49,3 k €

+29.2% YoY

Gross margin

73,5 k €

+28.8% YoY

Equity

154,6 k €

-6.5% YoY

What does MBADVICE do?

MBADVICE is a Private limited company incorporated in 2002. 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 0477.511.303

Incorporation

10/05/2002

Legal form

Private limited company

Registered office

Bevelsesteenweg(ITE) 14
2222 Heist-op-den-Berg · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 62020Computer consultancy activities 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	73,5 k €	+28.8%	57 k €	+314%	13,8 k €	-75.6%	56,4 k €	-24.5%	74,7 k €	-16.4%	89,3 k €	-2.9%	92 k €	-18.6%	113,1 k €	+45.9%	77,5 k €	-18.7%	95,4 k €	-9.7%	105,6 k €	-6.0%	112,4 k €	+13.5%	99 k €	+26.9%	78 k €	-6.0%	83 k €	+4.5%	79,4 k €	+7.4%	73,9 k €	+14.9%	64,4 k €
EBITDA	72 k €	+30.0%	55,4 k €	+371%	11,8 k €	-78.5%	54,8 k €	-19.8%	68,4 k €	-22.1%	87,7 k €	-1.5%	89 k €	-18.9%	109,7 k €	+45.8%	75,2 k €	-15.6%	89,1 k €	-11.8%	101 k €	-6.3%	107,9 k €	+14.9%	93,9 k €	+23.9%	75,8 k €	-2.4%	77,6 k €	+0.1%	77,6 k €	+9.3%	71 k €	+99.2%	35,7 k €
Operating result	70,8 k €	+29.0%	54,9 k €	+427%	10,4 k €	-79.6%	51,1 k €	-22.0%	65,5 k €	-10.3%	73,1 k €	-4.0%	76,1 k €	-18.0%	92,8 k €	+50.9%	61,5 k €	-15.7%	73 k €	-14.0%	84,9 k €	-4.2%	88,6 k €	+16.9%	75,8 k €	+34.9%	56,1 k €	-2.8%	57,8 k €	-0.6%	58,1 k €	+7.9%	53,8 k €	+148%	21,7 k €
Net result	49,3 k €	+29.2%	38,2 k €	+607%	5,4 k €	-85.3%	36,6 k €	-16.6%	43,9 k €	-8.5%	48 k €	+1.3%	47,3 k €	-20.5%	59,5 k €	+15.5%	51,6 k €	+41.0%	36,6 k €	-18.9%	45,1 k €	-4.6%	47,3 k €	+23.6%	38,3 k €	+58.1%	24,2 k €	-8.0%	26,3 k €	-8.3%	28,7 k €	+22.2%	23,4 k €	+259%	6,5 k €
Balance sheet
Equity	154,6 k €	-6.5%	165,3 k €	+1.9%	162,1 k €	-15.4%	191,7 k €	-3.4%	198,4 k €	+4.7%	189,5 k €	+7.3%	176,6 k €	+7.5%	164,2 k €	+17.6%	139,7 k €	+13.4%	123,1 k €	+1.3%	121,6 k €	+4.4%	116,5 k €	+6.7%	109,2 k €	-1.6%	111 k €	+9.0%	101,8 k €	+2.8%	99 k €	+14.0%	86,8 k €	+13.7%	76,4 k €
Total assets	327,6 k €	+12.3%	291,7 k €	-6.8%	313 k €	-1.6%	318 k €	-13.8%	369 k €	-7.6%	399,4 k €	+31.9%	302,8 k €	-5.1%	318,9 k €	+14.0%	279,9 k €	-11.4%	315,9 k €	-18.7%	388,4 k €	+0.4%	386,8 k €	+11.9%	345,5 k €	+6.6%	324,1 k €	+4.2%	311,2 k €	+5.9%	293,8 k €	+11.2%	264,3 k €	-2.4%	270,7 k €
Cash	180,5 k €	-18.9%	222,6 k €	+4.1%	213,8 k €	-9.7%	236,9 k €	+6.2%	223 k €	+5.6%	211,1 k €	+8.5%	194,5 k €	-7.5%	210,4 k €	+11.1%	189,3 k €	-10.4%	211,3 k €	+43.3%	147,5 k €	+6.1%	139 k €	-12.2%	158,3 k €	+34.5%	117,7 k €	-22.4%	151,7 k €	+12.3%	135 k €	+108%	64,8 k €	-4.1%	67,6 k €
Debts	173 k €	+36.9%	126,4 k €	-16.2%	150,9 k €	+19.5%	126,3 k €	-26.0%	170,5 k €	-18.7%	209,8 k €	+66.2%	126,2 k €	-18.4%	154,7 k €	+10.4%	140,2 k €	-27.3%	192,8 k €	-27.7%	266,8 k €	-1.3%	270,3 k €	+14.4%	236,3 k €	+10.9%	213,1 k €	+1.8%	209,4 k €	+7.5%	194,8 k €	+9.8%	177,4 k €	+8.0%	164,3 k €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/06/2025 · 1 active · 4 ended

Active mandates

ATFILIA

Director · 0542.986.402

Represented by Marc BEULLENS

Active

Ended mandates

ATFILIA

Manager · since 01 juillet 2014 · 0542.986.402

Represented by Marc Beullens

Ended

ATFILIA

Manager · since 01 juillet 2014 · 0542.986.402

Represented by Marc Beullens

Ended

Marc Beullens

Manager · since 06 mai 2002

Ended

ATFILIA

Manager · 0542.986.402

Represented by Marc Beullens

Ended

At this address

Other companies at this address

Company	CBE no.
ATFILIA● Active	0542.986.402
SPAID● Active	1024.164.107

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/10/2025	18/10/2024	27/10/2023	27/10/2022	14/10/2021	10/11/2020
General meeting	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	07/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/09/2025	20/10/2025	Dutch	PDF
Abridged model	30/06/2024	30/09/2024	18/10/2024	Dutch	PDF
Abridged model	30/06/2023	30/09/2023	27/10/2023	Dutch	PDF
Abridged model	30/06/2022	30/09/2022	27/10/2022	Dutch	PDF
Abridged model	30/06/2021	30/09/2021	14/10/2021	Dutch	PDF
Abridged model	30/06/2020	07/11/2020	10/11/2020	Dutch	PDF
Abridged model	30/06/2019	02/11/2019	29/11/2019	Dutch	PDF
Abridged model	30/06/2018	03/11/2018	16/11/2018	Dutch	PDF
Abridged model	30/06/2017	04/11/2017	07/11/2017	Dutch	PDF
Abridged model	30/06/2016	05/11/2016	25/11/2016	Dutch	PDF
Abridged model	30/06/2015	07/11/2015	01/12/2015	Dutch	PDF
Abridged model	30/06/2014	22/11/2014	18/12/2014	Dutch	PDF
Abridged model	30/06/2013	02/11/2013	04/11/2013	Dutch	PDF
Abridged model	30/06/2012	17/11/2012	12/12/2012	Dutch	PDF
Abridged model	30/06/2011	05/11/2011	09/11/2011	Dutch	PDF
Abridged model	30/06/2010	06/11/2010	16/11/2010	Dutch	PDF
Abridged model	30/06/2009	07/11/2009	01/12/2009	Dutch	PDF
Abridged model	30/06/2008	03/11/2008	05/11/2008	Dutch	PDF
Abridged model	30/06/2007	03/11/2007	26/11/2007	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 30/06/2025 · 1 active · 4 ended

Active mandates

ATFILIA

Director · 0542.986.402

Represented by Marc BEULLENS

Active

Ended mandates

ATFILIA

Manager · since 01 juillet 2014 · 0542.986.402

Represented by Marc Beullens

Ended

ATFILIA

Manager · since 01 juillet 2014 · 0542.986.402

Represented by Marc Beullens

Ended

Marc Beullens

Manager · since 06 mai 2002

Ended

ATFILIA

Manager · 0542.986.402

Represented by Marc Beullens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring10/04/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/12/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/07/2005
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 202549,3 k €↑
2024
Annual accounts 202438,2 k €↑
2023
Annual accounts 20235,4 k €↓
2022
Annual accounts 202236,6 k €↓
2020
Annual accounts 202043,9 k €↓
2019
Annual accounts 201948 k €↑
2018
Annual accounts 201847,3 k €↓
2017
Annual accounts 201759,5 k €↑
2016
Annual accounts 201651,6 k €↑
2015
Annual accounts 201536,6 k €↓
2014
Annual accounts 201445,1 k €↓
2013
Annual accounts 201347,3 k €↑
2012
Annual accounts 201238,3 k €↑
2011
Annual accounts 201124,2 k €↓
2010
Annual accounts 201026,3 k €↓
2009
Annual accounts 200928,7 k €↑
2008
Annual accounts 200823,4 k €↑
2007
Annual accounts 20076,5 k €
10/05/2002
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

MBADVICE

Overview

What does MBADVICE do?

Trend over 18 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