ACTIVE

MD Assurances

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Financial year 2025 · closed on 30/06/2025

Net result

322,6 k €

+6612.6% YoY

Gross margin

620,9 k €

+225.9% YoY

Equity

336,8 k €

+2262.1% YoY

What does MD Assurances do?

MD Assurances is a Private limited company incorporated in 2002. Its registered office is in Ciney.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.556.626

Incorporation

14/10/2002

Legal form

Private limited company

Registered office

Rue du Commerce 93
5590 Ciney · WallonieSee on map

Contributed capital

8 060,00 €

Latest accounts

30/06/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	620,9 k €	+226%	190,5 k €	-6.1%	203 k €	+19.6%	169,7 k €	-19.0%	209,5 k €	+0.3%	208,7 k €	-7.3%	225,1 k €	+9.4%	205,8 k €	+126%	91,1 k €	-53.8%	197 k €	+9.0%	180,8 k €	-18.0%	220,5 k €	+17.1%	188,3 k €	+20.7%	156 k €	+23.6%	126,2 k €	+27.5%	99 k €	+9.1%	90,7 k €	+8.9%	83,3 k €	-21.6%	106,2 k €	+47.4%	72,1 k €
EBITDA	463,4 k €	+3768%	12 k €	-82.7%	69,1 k €	+35.8%	50,8 k €	-43.8%	90,5 k €	+30.2%	69,5 k €	-33.6%	104,7 k €	+79.2%	58,4 k €	+157%	22,8 k €	-4.3%	23,8 k €	+8.2%	22 k €	-72.1%	78,6 k €	+22.4%	64,2 k €	+34.9%	47,6 k €	+17.8%	40,4 k €	+33.4%	30,3 k €	-47.4%	57,6 k €	+25.9%	45,8 k €	-39.5%	75,7 k €	+12.3%	67,4 k €
Operating result	457 k €	+12337%	3,7 k €	-94.4%	66 k €	+34.1%	49,2 k €	-44.6%	88,9 k €	+62.7%	54,6 k €	-46.2%	101,5 k €	+87.8%	54,1 k €	+163%	20,5 k €	+21.8%	16,9 k €	+269%	4,6 k €	-91.9%	56,4 k €	+44.4%	39,1 k €	+76.6%	22,1 k €	+56.0%	14,2 k €	+13.8%	12,5 k €	-54.3%	27,3 k €	+122%	12,3 k €	-70.5%	41,6 k €	+58.0%	26,3 k €
Net result	322,6 k €	+6613%	-5 k €	-111%	46,1 k €	+48.9%	31 k €	-44.6%	55,9 k €	+94.1%	28,8 k €	-55.2%	64,3 k €	+35.4%	47,5 k €	+95.7%	24,3 k €	+429%	4,6 k €	+217%	-3,9 k €	-113%	29,9 k €	+38.5%	21,6 k €	+731%	2,6 k €	+140%	-6,5 k €	-1793%	385,4 €	-96.7%	11,6 k €	+335%	2,7 k €	-84.0%	16,7 k €	+73.6%	9,6 k €
Balance sheet
Equity	336,8 k €	+2262%	14,3 k €	-90.5%	149,8 k €	+44.5%	103,6 k €	+42.7%	72,7 k €	-37.8%	116,7 k €	+32.7%	87,9 k €	+9.1%	80,6 k €	+10.3%	73,1 k €	+49.7%	48,8 k €	+10.4%	44,2 k €	-8.1%	48,2 k €	+11.4%	43,2 k €	+18.0%	36,6 k €	+7.6%	34 k €	-16.1%	40,6 k €	+1.0%	40,2 k €	+40.5%	28,6 k €	+10.3%	25,9 k €	+181%	9,2 k €
Total assets	558,2 k €	+85.1%	301,5 k €	+26.1%	239,2 k €	+9.9%	217,7 k €	+10.9%	196,2 k €	-12.0%	223,1 k €	-5.2%	235,4 k €	+2.0%	230,9 k €	+33.2%	173,3 k €	+81.4%	95,5 k €	-28.9%	134,3 k €	-17.4%	162,6 k €	-5.3%	171,6 k €	+12.8%	152,2 k €	-8.0%	165,3 k €	-42.2%	286,2 k €	+61.7%	176,9 k €	+4.6%	169,1 k €	-19.9%	211 k €	+37.2%	153,8 k €
Cash	174 k €	+6065%	2,8 k €	-9.4%	3,1 k €	-2.6%	3,2 k €	-77.5%	14,2 k €	+330%	3,3 k €	-79.9%	16,4 k €	-39.8%	27,3 k €	-32.6%	40,5 k €	+1240%	3 k €	-9.5%	3,3 k €	-17.6%	4,1 k €	-69.7%	13,3 k €	-16.2%	15,9 k €	+18.9%	13,4 k €	-66.3%	39,8 k €	+33.8%	29,7 k €	+50.1%	19,8 k €	+24.8%	15,9 k €	+43.6%	11,1 k €
Debts	203,7 k €	-24.6%	270,3 k €	+468%	47,6 k €	-10.6%	53,2 k €	+2.2%	52 k €	-27.9%	72,2 k €	-46.6%	135,1 k €	+33.5%	101,2 k €	+134%	43,3 k €	-7.3%	46,7 k €	-48.2%	90,1 k €	-12.7%	103,1 k €	-17.8%	125,5 k €	+8.6%	115,5 k €	-12.0%	131,3 k €	-46.5%	245,6 k €	+79.6%	136,7 k €	-2.4%	140 k €	-9.7%	155,1 k €	+7.3%	144,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		3,8 ETP	+8.6%	3,5 ETP	+25.0%	2,8 ETP	0.0%	2,8 ETP	+12.0%	2,5 ETP	+31.6%	1,9 ETP	+90.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 30/06/2025 · 2 active · 14 ended

Active mandates

Business Management Consulting Minnella

Director · since 20 juillet 2023 · 0753.569.739

Represented by Antonio Minnella

Active

LB Concept

Managing director · since 20 juillet 2023 · 0748.677.969

Represented by Emile Bourton

Active

Ended mandates

BOURTON CONSULTING GROUP

Director · since 24 juin 2020 · 0508.870.710

Represented by Yves BOURTON

Ended

BOURTON CONSULTING GROUP

Director · since 24 juin 2020 · 0508.870.710

Represented by Yves BOURTON

Ended

BOURTON CONSULTING GROUP

Director · since 24 juin 2020 · 0508.870.710

Represented by Yves Bourton

Ended

Emilie Bourton

Director · since 24 juin 2020

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	03/02/2026	28/02/2025	27/02/2024	28/02/2023	31/01/2022	12/02/2021
General meeting	15/10/2025	15/10/2024	15/10/2023	15/10/2022	15/10/2021	15/10/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	15/10/2025	03/02/2026	French	PDF
Micro model	30/06/2024	15/10/2024	28/02/2025	French	PDF
Micro model	30/06/2023	15/10/2023	27/02/2024	French	PDF
Micro model	30/06/2022	15/10/2022	28/02/2023	French	PDF
Micro model	30/06/2021	15/10/2021	31/01/2022	French	PDF
Micro model	30/06/2020	15/10/2020	12/02/2021	French	PDF
Micro model	30/06/2019	15/10/2019	20/02/2020	French	PDF
Micro model	30/06/2018	15/10/2018	30/11/2018	French	PDF
Micro model	30/06/2017	18/12/2017	20/12/2017	French	PDF
Micro model	31/12/2016	01/06/2017	12/06/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	06/06/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	15/06/2015	French	PDF
Abridged model	31/12/2013	25/04/2014	28/04/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	10/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	04/06/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	14/06/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	07/06/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	09/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	06/06/2007	French	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 30/06/2025 · 2 active · 14 ended

Active mandates

Business Management Consulting Minnella

Director · since 20 juillet 2023 · 0753.569.739

Represented by Antonio Minnella

Active

LB Concept

Managing director · since 20 juillet 2023 · 0748.677.969

Represented by Emile Bourton

Active

Ended mandates

BOURTON CONSULTING GROUP

Director · since 24 juin 2020 · 0508.870.710

Represented by Yves BOURTON

Ended

BOURTON CONSULTING GROUP

Director · since 24 juin 2020 · 0508.870.710

Represented by Yves BOURTON

Ended

BOURTON CONSULTING GROUP

Director · since 24 juin 2020 · 0508.870.710

Represented by Yves Bourton

Ended

Emilie Bourton

Director · since 24 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office06/05/2024
SIEGE SOCIAL
PDF
Mandates25/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2020
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other12/10/2018
DIVERS
PDF
Mandates05/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2017
DENOMINATION - ANNEE COMPTABLE
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 2025322,6 k €↑
2024
Annual accounts 2024-5 k €↓
2023
Annual accounts 202346,1 k €↑
2022
Annual accounts 202231 k €↓
2021
Annual accounts 202155,9 k €↑
2020
Annual accounts 202028,8 k €↓
2019
Annual accounts 201964,3 k €↑
2018
Annual accounts 201847,5 k €↑
2017
Annual accounts 201724,3 k €↑
2016
Annual accounts 20164,6 k €↑
2015
Annual accounts 2015-3,9 k €↓
2014
Annual accounts 201429,9 k €↑
2013
Annual accounts 201321,6 k €↑
2012
Annual accounts 20122,6 k €↑
2011
Annual accounts 2011-6,5 k €↓
2010
Annual accounts 2010385,4 €↓
2009
Annual accounts 200911,6 k €↑
2008
Annual accounts 20082,7 k €↓
2007
Annual accounts 200716,7 k €↑
2006
Annual accounts 20069,6 k €
14/10/2002
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

MD Assurances

Overview

What does MD Assurances do?

Trend over 20 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