ACTIVE

MDB PROJECTS

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Financial year 2023 · closed on 31/12/2023

Net result

507,1 k €

+27.0% YoY

Gross margin

2 M €

-13.5% YoY

Equity

3,3 M €

+18.5% YoY

Workforce

1,0 ETP

-44.4% YoY

What does MDB PROJECTS do?

MDB PROJECTS is a Public limited company incorporated in 2002. Its main activity is: Real estate agencies. Its registered office is in Ledegem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.815.961

Incorporation

21/06/2002

Legal form

Public limited company

Registered office

Provinciebaan 51
8880 Ledegem · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2023

Average workforce

1,0 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 70321Activities of head offices; management consultancy activities 70322Activities of head offices; management consultancy activities 81100Combined facilities support activities+1

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2 M €	-13.5%	2,3 M €	+37.9%	1,7 M €	+2.9%	1,6 M €	+36.2%	1,2 M €	-8.9%	1,3 M €	-41.7%	2,2 M €	+114%	1 M €	-37.1%	1,7 M €	-7.9%	1,8 M €	+8.1%	1,7 M €	-10.1%	1,9 M €	+73.9%	1,1 M €	+7.8%	993,8 k €	-35.8%	1,5 M €	+24.4%	1,2 M €	-6.6%	1,3 M €
EBITDA	1,8 M €	+4.3%	1,7 M €	+14.0%	1,5 M €	+3.9%	1,4 M €	+46.9%	972,2 k €	-14.5%	1,1 M €	-38.0%	1,8 M €	+187%	639,3 k €	-47.1%	1,2 M €	-5.9%	1,3 M €	-3.7%	1,3 M €	-13.8%	1,5 M €	+85.5%	835 k €	+16.0%	720 k €	-46.6%	1,3 M €	+42.1%	948,7 k €	-17.5%	1,2 M €
Operating result	885,8 k €	+8.9%	813,5 k €	+31.0%	620,8 k €	+2.6%	605 k €	+272%	162,8 k €	-38.5%	264,8 k €	-81.1%	1,4 M €	+566%	210,4 k €	-73.0%	780,5 k €	-8.9%	856,6 k €	-5.7%	908,6 k €	-19.1%	1,1 M €	+174%	409,1 k €	+39.1%	294,1 k €	-68.1%	921,9 k €	+85.4%	497,3 k €	-29.2%	702,6 k €
Net result	507,1 k €	+27.0%	399,4 k €	+37.9%	289,5 k €	+5.6%	274,1 k €	+473%	-73,4 k €	+45.2%	-133,8 k €	-112%	1,1 M €	+1429%	-86,4 k €	+98.1%	-4,5 M €	-237%	-1,3 M €	-304%	650,9 k €	-20.2%	815,4 k €	-42.7%	1,4 M €	-50.8%	2,9 M €	+166%	-4,4 M €	-666%	-574 k €	-52.4%	-376,5 k €
Balance sheet
Equity	3,3 M €	+18.5%	2,7 M €	+17.0%	2,3 M €	+14.1%	2,1 M €	+15.4%	1,8 M €	-4.0%	1,9 M €	+137%	-5,1 M €	+18.5%	-6,2 M €	-1.4%	-6,1 M €	-274%	-1,6 M €	-130%	-710,5 k €	+47.8%	-1,4 M €	+37.5%	-2,2 M €	+39.5%	-3,6 M €	+44.5%	-6,5 M €	-210%	-2,1 M €	-37.7%	-1,5 M €
Total assets	11,8 M €	+11.9%	10,5 M €	-3.7%	10,9 M €	-6.4%	11,7 M €	-3.5%	12,1 M €	+0.4%	12 M €	+99.8%	6 M €	-14.3%	7 M €	-9.1%	7,7 M €	-46.0%	14,3 M €	-10.1%	15,9 M €	+53.4%	10,4 M €	-1.4%	10,5 M €	+3.1%	10,2 M €	-1.9%	10,4 M €	-32.3%	15,4 M €	-4.7%	16,2 M €
Cash	210,8 k €	+824%	22,8 k €	-86.0%	162,6 k €	-18.4%	199,3 k €	+373%	42,1 k €	-20.2%	52,8 k €		–		47,9 k €	-70.7%	163,4 k €	+7253%	2,2 k €	-73.0%	8,2 k €	-73.0%	30,5 k €	-82.8%	178 k €	-14.8%	208,9 k €	-52.3%	437,5 k €	+101%	218,1 k €	+473%	38,1 k €
Debts	8,5 M €	+11.8%	7,6 M €	-9.7%	8,4 M €	-10.9%	9,5 M €	-6.9%	10,2 M €	+1.5%	10 M €	-8.2%	10,9 M €	-17.5%	13,2 M €	-4.4%	13,8 M €	+0.6%	13,8 M €	-17.3%	16,6 M €	+41.7%	11,7 M €	-7.6%	12,7 M €	-8.0%	13,8 M €	-16.4%	16,5 M €	-2.3%	16,9 M €	-0.9%	17 M €
Other
Workforce	1,0 ETP	-44.4%	1,8 ETP	0.0%	1,8 ETP	-18.2%	2,2 ETP	-21.4%	2,8 ETP	0.0%	2,8 ETP	-12.5%	3,2 ETP	-31.9%	4,7 ETP	-11.3%	5,3 ETP	-8.6%	5,8 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 31/12/2022 · 1 active · 37 ended

Active mandates

Barbara Eyckmans

Chairman of the board of directors · since 01 janvier 2022 · until 07 juin 2024

Active

Ended mandates

Barbara Eyckmans

Managing director · since 05 novembre 2018 · until 04 novembre 2024

Ended

GADEX

Director · since 05 novembre 2018 · until 16 mars 2020 · 0468.063.404

Represented by Barbara Eyckmans

Ended

GADEX

Director · since 05 novembre 2018 · until 04 novembre 2024 · 0468.063.404

Represented by Barbara Eyckmans

Ended

WATTMAN

Director · since 25 août 2016 · until 05 novembre 2018 · 0873.702.259

Represented by Ramesh DUSORUTH

Ended

At this address

Other companies at this address

Company	CBE no.
ATHINA IMPORT EXPORT● Active	0439.459.587
BC 51● Active	0695.959.954
BUREAU D● Active	0694.757.253
CREATERRE● Active	0748.511.683
Demeulenaere Stefaan● Active	0667.590.721
GADEX● Active	0468.063.404
MICHEL GRYSPEERDT● Active	0880.219.471

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2024	26/10/2023	05/10/2022	09/08/2021	03/07/2020	29/08/2019
General meeting	22/08/2024	04/10/2023	03/06/2022	04/06/2021	05/06/2020	07/06/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	22/08/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	04/10/2023	26/10/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	05/10/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	09/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	03/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	03/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/10/2007	31/10/2007	Dutch	PDF

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 31/12/2022 · 1 active · 37 ended

Active mandates

Barbara Eyckmans

Chairman of the board of directors · since 01 janvier 2022 · until 07 juin 2024

Active

Ended mandates

Barbara Eyckmans

Managing director · since 05 novembre 2018 · until 04 novembre 2024

Ended

GADEX

Director · since 05 novembre 2018 · until 16 mars 2020 · 0468.063.404

Represented by Barbara Eyckmans

Ended

GADEX

Director · since 05 novembre 2018 · until 04 novembre 2024 · 0468.063.404

Represented by Barbara Eyckmans

Ended

WATTMAN

Director · since 25 août 2016 · until 05 novembre 2018 · 0873.702.259

Represented by Ramesh DUSORUTH

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other12/08/2026
aanstelling voorlopige bewindvoerder
PDF
Registered office27/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2015
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

2023
Annual accounts 2023507,1 k €↑
2022
Annual accounts 2022399,4 k €↑
2021
Annual accounts 2021289,5 k €↑
2020
Annual accounts 2020274,1 k €↑
2019
Annual accounts 2019-73,4 k €↑
2018
Annual accounts 2018-133,8 k €↓
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016-86,4 k €↑
2015
Annual accounts 2015-4,5 M €↓
2014
Annual accounts 2014-1,3 M €↓
2012
Annual accounts 2012650,9 k €↓
2011
Annual accounts 2011815,4 k €↓
2010
Annual accounts 20101,4 M €↓
2009
Annual accounts 20092,9 M €↑
2008
Annual accounts 2008-4,4 M €↓
2007
Annual accounts 2007-574 k €↓
2006
Annual accounts 2006-376,5 k €
21/06/2002
IncorporationPublic 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

MDB PROJECTS

Overview

What does MDB PROJECTS do?

Trend over 17 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