ACTIVE

M - SHIRT

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Financial year 2025 · Closed on 30/09/2025

Net result83,9 k €-11,8 %over 1 year
Gross margin171 k €-10,5 %over 1 year
Equity1,4 M €+6,1 %over 1 year
Workforce1,1 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

M - SHIRT is a Public limited company incorporated in 2002. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Kortrijk. It employs on average 1,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0478.627.791
Incorporation
23/10/2002
Legal form
Public limited company
Registered office
Meensesteenweg(Bis) 192
8501 Kortrijk · FlandreSee on map
Contributed capital
500 000,00 €
Latest accounts
30/09/2025
Average workforce
1,1 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin171 k €191,2 k €222,5 k €285,8 k €211,7 k €
EBITDA119,8 k €142,2 k €173,2 k €239,3 k €165,9 k €
Operating result92,3 k €118,2 k €140,8 k €209,2 k €134,2 k €
Net result83,9 k €95,1 k €124,5 k €169,4 k €110,5 k €
Balance sheet
Equity1,4 M €1,4 M €1,3 M €1,4 M €1,2 M €
Total assets1,7 M €1,7 M €1,7 M €1,8 M €1,7 M €
Cash51,9 k €88,9 k €70 k €133,1 k €289,4 k €
Debts203,2 k €323,4 k €420,6 k €385,5 k €458,4 k €
Other
Workforce1,1 ETP1,1 ETP1,2 ETP–1,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 14 ended

Active mandates

BRENDA ELIANO

Managing director

Active
TONY MATTELAER

Managing director

Active

Ended mandates

BRENDA ELIANO

Managing director · since 28 novembre 2017 · until 18 février 2023

Ended
TONY MATTELAER

Managing director · since 28 novembre 2017 · until 18 février 2023

Ended
TONY MATTELAER

Director · since 31 janvier 2006 · until 17 mai 2008

Ended
ANNE-MARIE DELRUE

Managing director · since 23 octobre 2002 · until 17 mai 2008

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/03/202627/03/202521/03/202430/03/202329/03/202229/03/2021
General meeting21/02/202615/02/202517/02/202418/02/202319/02/202220/02/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202521/02/202619/03/2026DutchPDF
Abridged model30/09/202415/02/202527/03/2025DutchPDF
Abridged model30/09/202317/02/202421/03/2024DutchPDF
Abridged model30/09/202218/02/202330/03/2023DutchPDF
Abridged model30/09/202119/02/202229/03/2022DutchPDF
Abridged model30/09/202020/02/202129/03/2021DutchPDF
Abridged model30/09/201915/02/202020/02/2020DutchPDF
Abridged model30/09/201816/02/201901/03/2019DutchPDF
Abridged model31/12/201620/05/201720/06/2017DutchPDF
Abridged model31/12/201521/05/201605/07/2016DutchPDF
Abridged model31/12/201416/05/201513/07/2015DutchPDF
Abridged model31/12/201317/05/201430/06/2014DutchPDF
Abridged model31/12/201218/05/201310/06/2013DutchPDF
Abridged model31/12/201119/05/201202/07/2012DutchPDF
Abridged model31/12/201021/05/201127/06/2011DutchPDF
Abridged model31/12/200915/05/201016/08/2010DutchPDF
Abridged model31/12/200816/05/200930/06/2009DutchPDF
Abridged model31/12/200717/05/200819/08/2008DutchPDF
Abridged model31/12/200619/05/200701/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 14 ended

Active mandates

BRENDA ELIANO

Managing director

Active
TONY MATTELAER

Managing director

Active

Ended mandates

BRENDA ELIANO

Managing director · since 28 novembre 2017 · until 18 février 2023

Ended
TONY MATTELAER

Managing director · since 28 novembre 2017 · until 18 février 2023

Ended
TONY MATTELAER

Director · since 31 janvier 2006 · until 17 mai 2008

Ended
ANNE-MARIE DELRUE

Managing director · since 23 octobre 2002 · until 17 mai 2008

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares02/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates13/12/2017
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates22/05/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/06/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/02/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/07/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2003
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202583,9 k €↓
  2. 2024
    Annual accounts 202495,1 k €↓
  3. 2023
    Annual accounts 2023124,5 k €↓
  4. 2022
    Annual accounts 2022169,4 k €↑
  5. 2021
    Annual accounts 2021110,5 k €↑
  6. 2020
    Annual accounts 202055,2 k €↑
  7. 2019
    Annual accounts 201939,1 k €↓
  8. 2018
    Annual accounts 201884,7 k €↑
  9. 2016
    Annual accounts 201642,3 k €↓
  10. 2015
    Annual accounts 201546,8 k €↓
  11. 2014
    Annual accounts 201459,8 k €↑
  12. 2013
    Annual accounts 201352,2 k €↓
  13. 2012
    Annual accounts 201267,3 k €↓
  14. 2011
    Annual accounts 2011107,9 k €↑
  15. 2010
    Annual accounts 201071 k €↑
  16. 2009
    Annual accounts 200943,2 k €↓
  17. 2008
    Annual accounts 200887,1 k €↓
  18. 2007
    Annual accounts 200788,4 k €↑
  19. 2006
    Annual accounts 200684,5 k €
  20. 23/10/2002
    IncorporationPublic limited company