Media38
0479.354.204 · rovalta.com · 25/09/2026
ACTIVE
Media38
Financial year 2025 · Closed on 31/12/2025
Net result132,2 k €-49,4 %over 1 year
Gross margin199,4 k €-15,0 %over 1 year
Equity6,2 M €-4,0 %over 1 year
Overview
Identity
Source · BCE/KBOMedia38 is a Public limited company incorporated in 2003. Its main activity is: Advertising agencies. Its registered office is in Bruxelles.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0479.354.204
- Incorporation
- 17/01/2003
- Legal form
- Public limited company
- Registered office
- Cantersteen 47
1000 Bruxelles · BruxellesSee on map - Contributed capital
- 318 651,04 €
- Latest accounts
- 31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 20 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 199,4 k € | -15.0% | 234,7 k € | -88.5% | 2 M € | +210604% | -969,2 € | +10.7% | -1,1 k € |
| EBITDA | 195,9 k € | -15.3% | 231,4 k € | -88.7% | 2 M € | +197942% | -1 k € | +10.1% | -1,1 k € |
| Operating result | 195,9 k € | -15.3% | 231,4 k € | -88.7% | 2 M € | +197942% | -1 k € | +10.1% | -1,1 k € |
| Net result | 132,2 k € | -49.4% | 261,3 k € | -90.1% | 2,6 M € | +341% | 598,5 k € | +68.6% | 354,9 k € |
| Balance sheet | |||||||||
| Equity | 6,2 M € | -4.0% | 6,5 M € | +20.6% | 5,4 M € | +97.4% | 2,7 M € | +12.4% | 2,4 M € |
| Total assets | 8,3 M € | +10.9% | 7,5 M € | +35.8% | 5,5 M € | +61.3% | 3,4 M € | -0.8% | 3,4 M € |
| Cash | 795,5 € | -99.4% | 140,7 k € | +1749% | 7,6 k € | -81.8% | 41,7 k € | -39.1% | 68,6 k € |
| Debts | 2 M € | +94.9% | 1 M € | +579% | 150,1 k € | -78.6% | 700 k € | -31.8% | 1 M € |
Valuation
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 34 ended
Active mandates
Ended mandates
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Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 23/07/2026 | 27/08/2025 | 17/06/2024 | 09/06/2023 | 01/08/2022 | 16/07/2021 |
| General meeting | 30/06/2026 | 18/08/2025 | 14/06/2024 | 09/06/2023 | 10/06/2022 | 11/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 23/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 18/08/2025 | 27/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 14/06/2024 | 17/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 09/06/2023 | 09/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 10/06/2022 | 01/08/2022 | Dutch | |
| Abridged model | 31/12/2020 | 11/06/2021 | 16/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 12/06/2020 | 14/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 14/06/2019 | 24/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 08/06/2018 | 02/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 09/06/2017 | 15/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 10/06/2016 | 30/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 12/06/2015 | 22/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 13/06/2014 | 19/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 14/06/2013 | 27/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 08/06/2012 | 12/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 18/03/2011 | 24/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 11/06/2010 | 30/11/2010 | Dutch | |
| Abridged model | 31/12/2008 | 20/03/2009 | 31/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 21/03/2008 | 30/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 16/03/2007 | 28/09/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20253 active · 34 ended
Active mandates
Ended mandates
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates18/09/2025ONTSLAGEN - BENOEMINGEN
- Mandates19/06/2025ONTSLAGEN - BENOEMINGEN
- Capital / shares11/10/2024KAPITAAL - AANDELEN
- Restructuring01/02/2024BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring22/11/2023RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates28/10/2020ONTSLAGEN - BENOEMINGEN
- Mandates17/04/2020ONTSLAGEN - BENOEMINGEN
- Mandates27/05/2019ONTSLAGEN - BENOEMINGEN
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025132,2 k €↓
- 2024Annual accounts 2024261,3 k €↓
- 2023Annual accounts 20232,6 M €↑
- 2023Name changeMedia38
- 2022Annual accounts 2022598,5 k €↑
- 2021Annual accounts 2021354,9 k €↓
- 2021Name changeZES NV
- 2020Annual accounts 2020416,5 k €↑
- 2019Annual accounts 2019270,5 k €↑
- 2018Annual accounts 2018265,5 k €↑
- 2017Annual accounts 2017236,2 k €↓
- 2016Annual accounts 2016288 k €↓
- 2015Annual accounts 2015314,4 k €↓
- 2014Annual accounts 2014320,9 k €↑
- 2013Annual accounts 2013277,7 k €↑
- 2012Annual accounts 2012255,9 k €↓
- 2011Annual accounts 2011340,7 k €↓
- 2010Annual accounts 2010375,6 k €↑
- 2009Annual accounts 2009252,1 k €↑
- 2008Annual accounts 200889,6 k €↑
- 2007Annual accounts 2007-740,1 €↓
- 2006Annual accounts 20064,9 k €
- 17/01/2003IncorporationPublic limited company