ACTIVE

M.B.E.

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Financial year 2024 · closed on 31/12/2024

Net result

-20,6 k €

-91.3% YoY

Gross margin

82,6 k €

-12.5% YoY

Equity

153,8 k €

-11.8% YoY

What does M.B.E. do?

M.B.E. is a Private limited company incorporated in 2002. Its main activity is: Construction of utility projects for fluids. Its registered office is in Estinnes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.891.275

Incorporation

02/12/2002

Legal form

Private limited company

Registered office

Rue Enfer(EVL) 74
7120 Estinnes · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2024

Activities (NACE)

42212Construction of utility projects for fluids· main 42212Construction of utility projects for fluids 42219Construction of utility projects for fluids 42219Construction of utility projects for fluids 37000Sewerage 37000Sewerage+4

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	82,6 k €	-12.5%	94,5 k €	+59.1%	59,4 k €	-41.0%	100,5 k €	+80.1%	55,8 k €	-36.9%	88,5 k €	+34.5%	65,8 k €	+89.0%	34,8 k €	-22.7%	45 k €	+63.4%	27,6 k €	-51.0%	56,3 k €	+159%	21,7 k €	-81.2%	115,5 k €	+27.9%	90,3 k €	-7.3%	97,4 k €
EBITDA	52,5 k €	-20.9%	66,4 k €	+106%	32,2 k €	-56.3%	73,8 k €	+118%	33,9 k €	-30.8%	48,9 k €	+10.4%	44,3 k €	+45.4%	30,4 k €	-27.4%	42 k €	+64.3%	25,5 k €	+21.6%	21 k €	+13.7%	18,5 k €	-81.3%	98,6 k €	+73.0%	57 k €	-6.2%	60,8 k €
Operating result	-16,9 k €	-6413%	-260 €	+98.7%	-20,3 k €	-157%	35,7 k €	+1957%	-1,9 k €	-112%	16 k €	+11.6%	14,3 k €	+135%	6,1 k €	-69.3%	19,9 k €	+1976%	-1,1 k €	+81.8%	-5,8 k €	+0.9%	-5,9 k €	-110%	59,6 k €	+235%	17,8 k €	-6.7%	19,1 k €
Net result	-20,6 k €	-91.3%	-10,8 k €	-1768%	645 €	-97.8%	29,4 k €	+1010%	-3,2 k €	-133%	9,9 k €	+11.0%	8,9 k €	+13990%	63 €	-99.7%	24,5 k €	+633%	-4,6 k €	+67.7%	-14,2 k €	+18.7%	-17,5 k €	-120%	87,2 k €	+1951%	4,3 k €	+29.3%	3,3 k €
Balance sheet
Equity	153,8 k €	-11.8%	174,4 k €	-5.8%	185,1 k €	-0.6%	186,3 k €	+17.4%	158,7 k €	-3.1%	163,8 k €	+5.2%	155,8 k €	+4.7%	148,7 k €	-1.2%	150,5 k €	+1.8%	147,8 k €	-4.2%	154,3 k €	-9.4%	170,3 k €	-10.2%	189,7 k €	+82.2%	104,1 k €	+4.3%	99,9 k €
Total assets	288,7 k €	-10.1%	321,3 k €	-10.9%	360,6 k €	+16.8%	308,7 k €	+7.0%	288,6 k €	-0.3%	289,5 k €	+4.4%	277,4 k €	-1.0%	280,2 k €	-13.9%	325,5 k €	+10.9%	293,4 k €	-9.3%	323,6 k €	-6.6%	346,7 k €	-25.6%	465,9 k €	+33.2%	349,7 k €	+0.8%	347,1 k €
Cash	8,2 k €	-74.4%	32 k €	-1.9%	32,6 k €	-14.0%	37,8 k €	+141%	15,7 k €	+24.3%	12,7 k €	+43.6%	8,8 k €	+106%	4,3 k €	-16.6%	5,1 k €	-47.0%	9,7 k €	+216%	3,1 k €	-94.1%	52 k €	+84.6%	28,2 k €	-37.7%	45,2 k €	+53.2%	29,5 k €
Debts	135 k €	-8.1%	146,9 k €	-16.3%	175,5 k €	+44.3%	121,6 k €	-5.3%	128,3 k €	+3.9%	123,5 k €	+4.1%	118,7 k €	-7.1%	127,7 k €	-25.1%	170,6 k €	+21.5%	140,4 k €	-14.1%	163,4 k €	-3.7%	169,6 k €	-36.9%	268,8 k €	+9.4%	245,6 k €	-0.7%	247,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP		0,0 ETP	-100%	0,3 ETP	-72.7%	1,1 ETP	0.0%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2019 · 2 active · 1 ended

Active mandates

CHARLES PRIM

Manager

Active

ROHAN MEUNIER

Manager

Active

Ended mandates

GREGORY LEVEQUE

Associate

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/01/2026	08/01/2025	30/10/2023	16/11/2022	02/12/2021	12/11/2020
General meeting	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021	26/06/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/06/2025	07/01/2026	French	PDF
Abridged model	31/12/2023	28/06/2024	08/01/2025	French	PDF
Abridged model	31/12/2022	30/06/2023	30/10/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	16/11/2022	English	PDF
Micro model	31/12/2020	25/06/2021	02/12/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	12/11/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	17/09/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	06/02/2019	French	PDF
Abridged model	31/12/2016	23/06/2017	30/11/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	28/11/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	31/10/2014	French	PDF
Abridged model	31/12/2012	22/06/2013	18/04/2014	French	PDF
Abridged model	31/12/2011	23/06/2012	07/12/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	28/06/2011	French	PDF
Abridged model	31/12/2008	27/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	02/10/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	21/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2019 · 2 active · 1 ended

Active mandates

CHARLES PRIM

Manager

Active

ROHAN MEUNIER

Manager

Active

Ended mandates

GREGORY LEVEQUE

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/08/2026
DEMISSIONS, NOMINATIONS, MODIFICATION FORME
PDF
Mandates29/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2006
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other09/12/2002
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2024
Annual accounts 2024-20,6 k €↓
2023
Annual accounts 2023-10,8 k €↓
2022
Annual accounts 2022645 €↓
2021
Annual accounts 202129,4 k €↑
2020
Annual accounts 2020-3,2 k €↓
2019
Annual accounts 20199,9 k €↑
2018
Annual accounts 20188,9 k €↑
2017
Annual accounts 201763 €↓
2016
Annual accounts 201624,5 k €↑
2015
Annual accounts 2015-4,6 k €↑
2014
Annual accounts 2014-14,2 k €↑
2013
Annual accounts 2013-17,5 k €↓
2012
Annual accounts 201287,2 k €↑
2011
Annual accounts 20114,3 k €↑
2010
Annual accounts 20103,3 k €
02/12/2002
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

M.B.E.

Overview

What does M.B.E. do?

Trend over 15 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