ACTIVE

MAW

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Financial year 2025 · closed on 30/06/2025

Net result

29,1 k €

-56.3% YoY

Gross margin

106,5 k €

-35.2% YoY

Equity

417,2 k €

+7.5% YoY

What does MAW do?

MAW is a Private limited company incorporated in 2002. Its main activity is: Specialised design activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.852.979

Incorporation

27/06/2002

Legal form

Private limited company

Registered office

Van Notenstraat 17
2100 Antwerpen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Activities (NACE)

74101Specialised design activities· main 74111Specialised design activities 74877Other professional, scientific and technical activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	106,5 k €	-35.2%	164,2 k €	+11.0%	147,9 k €	-0.6%	148,8 k €	+18.7%	125,3 k €	-1.2%	126,9 k €	-2.7%	130,4 k €	-19.1%	161,3 k €	-7.7%	174,7 k €	+12.7%	155 k €	+13.0%	137,2 k €	+17.6%	116,7 k €	+110%	55,5 k €	+508%	-13,6 k €	-152%	26,2 k €	-35.3%	40,5 k €	-3.1%	41,8 k €	-37.3%	66,7 k €	+11.2%	60 k €
EBITDA	103,8 k €	-35.9%	162 k €	+11.6%	145,2 k €	-0.3%	145,7 k €	+19.0%	122,4 k €	-2.3%	125,3 k €	+3.0%	121,7 k €	-23.2%	158,3 k €	-7.8%	171,7 k €	+13.0%	152 k €	+12.6%	135,1 k €	+18.2%	114,2 k €	+117%	52,6 k €	+442%	-15,4 k €	-161%	25,3 k €	-35.5%	39,3 k €	-4.4%	41,1 k €	-37.6%	65,9 k €	+11.2%	59,3 k €
Operating result	61,6 k €	-47.6%	117,5 k €	+66.6%	70,5 k €	+3.3%	68,3 k €	+64.4%	41,5 k €	-8.5%	45,4 k €	+3.8%	43,7 k €	-48.7%	85,3 k €	-12.6%	97,5 k €	+18.3%	82,4 k €	+21.8%	67,7 k €	+17.9%	57,4 k €	+251%	16,3 k €	+139%	-42,2 k €	-334%	18,1 k €	-46.1%	33,5 k €	+0.1%	33,5 k €	-44.5%	60,3 k €	+12.7%	53,5 k €
Net result	29,1 k €	-56.3%	66,7 k €	+51.8%	43,9 k €	+60.3%	27,4 k €	+97.1%	13,9 k €	+335%	-5,9 k €	+45.4%	-10,8 k €	-126%	41,6 k €	-26.1%	56,3 k €	+18.5%	47,5 k €	-0.5%	47,7 k €	+31.1%	36,4 k €	+2353%	-1,6 k €	+94.8%	-31,2 k €	-256%	20 k €	-33.0%	29,8 k €	+0.3%	29,7 k €	-41.7%	51 k €	+15.7%	44,1 k €
Balance sheet
Equity	417,2 k €	+7.5%	388 k €	+20.7%	321,3 k €	+15.8%	277,4 k €	+11.0%	250 k €	+5.9%	236,1 k €	-2.4%	242 k €	-53.5%	520,2 k €	+8.7%	478,6 k €	+13.3%	422,3 k €	+12.7%	374,8 k €	+14.6%	327,1 k €	+2.1%	320,4 k €	-0.5%	322 k €	-8.8%	353,2 k €	+6.0%	333,2 k €	+9.8%	303,4 k €	+10.9%	273,7 k €	+22.9%	222,6 k €
Total assets	694 k €	+2.9%	674,7 k €	+6.2%	635,1 k €	+8.5%	585,2 k €	-1.3%	592,9 k €	-1.4%	601,5 k €	-30.6%	866,7 k €	-2.8%	891,4 k €	+1.0%	882,7 k €	+4.1%	848,2 k €	+7.4%	790,1 k €	+6.8%	739,7 k €	+20.9%	612 k €	-2.0%	624,4 k €	+75.9%	354,9 k €	+4.9%	338,3 k €	+9.5%	308,9 k €	+8.5%	284,7 k €	+20.4%	236,4 k €
Cash	419 k €	+8.4%	386,5 k €	+73.4%	222,9 k €	+15.7%	192,7 k €	+44.3%	133,5 k €	+159%	51,5 k €	-84.2%	326,6 k €	+2.7%	317,9 k €	+21.4%	261,9 k €	+80.2%	145,4 k €	+126%	64,4 k €	+290%	16,5 k €	-78.5%	76,6 k €	-0.9%	77,3 k €	-75.3%	313,5 k €	+16.0%	270,2 k €	+264%	74,3 k €	-64.1%	206,9 k €	+37.8%	150,2 k €
Debts	276,7 k €	-2.9%	285,1 k €	-8.9%	312,9 k €	+1.8%	307,3 k €	-10.0%	341,4 k €	-6.6%	365,4 k €	-41.5%	624,7 k €	+68.3%	371,1 k €	-8.2%	404,1 k €	-4.3%	422,3 k €	+1.7%	415,2 k €	+0.6%	412,6 k €	+41.5%	291,6 k €	-3.6%	302,4 k €	+17614%	1,7 k €	-66.8%	5,1 k €	-7.0%	5,5 k €	-50.1%	11,1 k €	-19.7%	13,8 k €

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 · 2 active · 2 ended

Active mandates

Dominiek Deconinck

Director

Active

Madeleine Wermenbol

Director

Active

Ended mandates

Dominiek Deconinck

Manager

Ended

Madeleine Wermenbol

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	29/01/2026	31/01/2025	29/01/2024	31/01/2023	31/01/2022	02/02/2021
General meeting	04/12/2025	05/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
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
Micro model	30/06/2025	04/12/2025	29/01/2026	Dutch	PDF
Micro model	30/06/2024	05/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	07/12/2023	29/01/2024	Dutch	PDF
Micro model	30/06/2022	01/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	02/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	03/12/2020	02/02/2021	Dutch	PDF
Micro model	30/06/2019	05/12/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	06/12/2018	14/01/2019	Dutch	PDF
Micro model	30/06/2017	07/12/2017	26/01/2018	Dutch	PDF
Abridged model	30/06/2016	01/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	03/12/2015	15/01/2016	Dutch	PDF
Abridged model	30/06/2014	04/12/2014	30/01/2015	Dutch	PDF
Abridged model	30/06/2013	05/12/2013	31/01/2014	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	30/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	10/07/2007	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 · 2 active · 2 ended

Active mandates

Dominiek Deconinck

Director

Active

Madeleine Wermenbol

Director

Active

Ended mandates

Dominiek Deconinck

Manager

Ended

Madeleine Wermenbol

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other17/05/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares29/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/12/2012
MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202529,1 k €↓
2024
Annual accounts 202466,7 k €↑
2023
Annual accounts 202343,9 k €↑
2022
Annual accounts 202227,4 k €↑
2021
Annual accounts 202113,9 k €↑
2020
Annual accounts 2020-5,9 k €↑
2019
Annual accounts 2019-10,8 k €↓
2018
Annual accounts 201841,6 k €↓
2017
Annual accounts 201756,3 k €↑
2016
Annual accounts 201647,5 k €↓
2015
Annual accounts 201547,7 k €↑
2014
Annual accounts 201436,4 k €↑
2013
Annual accounts 2013-1,6 k €↑
2011
Annual accounts 2011-31,2 k €↓
2010
Annual accounts 201020 k €↓
2009
Annual accounts 200929,8 k €↑
2008
Annual accounts 200829,7 k €↓
2007
Annual accounts 200751 k €↑
2006
Annual accounts 200644,1 k €
27/06/2002
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

MAW

Overview

What does MAW do?

Trend over 19 financial years

Indicative valuation

Board of directors

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