M-DIGITAL
0500.484.366 · rovalta.com · 22/09/2026
ACTIVE
M-DIGITAL
Financial year 2025 · closed on 31/12/2025
Net result
84,2 k €
-34.5% YoY
Gross margin
734,6 k €
-13.5% YoY
Equity
276,1 k €
-26.2% YoY
Workforce
16,1 ETP
-4.2% YoY
Overview
What does M-DIGITAL do?
M-DIGITAL is a Public limited company incorporated in 2012. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Schelle. It employs on average 16,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0500.484.366
Incorporation
26/10/2012
Legal form
Public limited company
Registered office
Brandekensweg 15 box 1
2627 Schelle · FlandreSee on map
2627 Schelle · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
16,1 ETP
Activities (NACE)
Joint committees (2)
- 100
- 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||
| Gross margin | 734,6 k € | -13.5% | 849,1 k € | -1.6% | 862,9 k € | +11.1% | 776,4 k € | +11.3% | 697,9 k € | -17.1% | 841,8 k € | +13.8% | 739,6 k € | -8.5% | 808,3 k € | +72.5% | 468,6 k € | -33.4% | 703,2 k € | – | – | 802,2 k € | |||
| EBITDA | 126,1 k € | -36.6% | 198,8 k € | -9.3% | 219 k € | +26.1% | 173,7 k € | -14.7% | 203,6 k € | -25.2% | 272 k € | +352% | 60,1 k € | +4.6% | 57,5 k € | +5.7% | 54,4 k € | -75.9% | 225,6 k € | +7.7% | 209,4 k € | -17.9% | 255,1 k € | -27.5% | 351,7 k € |
| Operating result | 101,3 k € | -42.2% | 175,3 k € | -14.7% | 205,6 k € | +33.5% | 154 k € | -19.1% | 190,4 k € | -24.8% | 253,2 k € | +630% | 34,7 k € | +5.5% | 32,9 k € | +6.3% | 30,9 k € | -81.8% | 170,2 k € | +12.4% | 151,5 k € | -21.0% | 191,6 k € | -36.6% | 302,2 k € |
| Net result | 84,2 k € | -34.5% | 128,5 k € | -16.0% | 152,9 k € | +32.7% | 115,3 k € | -15.8% | 136,9 k € | -24.4% | 181 k € | +360% | 39,3 k € | +147% | 15,9 k € | -17.9% | 19,4 k € | -82.6% | 111,3 k € | +21.1% | 91,9 k € | -24.0% | 120,9 k € | -39.2% | 199 k € |
| Balance sheet | |||||||||||||||||||||||||
| Equity | 276,1 k € | -26.2% | 373,9 k € | +8.2% | 345,4 k € | +18.1% | 292,5 k € | +5.5% | 277,2 k € | +15.3% | 240,4 k € | +14.8% | 209,4 k € | +23.1% | 170 k € | +10.3% | 154,1 k € | +14.4% | 134,7 k € | -39.7% | 223,3 k € | -41.4% | 381,4 k € | +46.4% | 260,5 k € |
| Total assets | 674,1 k € | +12.4% | 600 k € | -0.8% | 604,8 k € | -9.1% | 665,5 k € | +14.2% | 582,6 k € | -1.7% | 592,5 k € | +101% | 295,4 k € | -11.4% | 333,5 k € | -6.7% | 357,6 k € | -22.1% | 459 k € | -18.1% | 560,7 k € | -7.8% | 608,1 k € | +32.6% | 458,7 k € |
| Cash | 64,3 k € | +113% | 30,2 k € | -80.1% | 151,5 k € | -49.9% | 302,7 k € | +88.3% | 160,7 k € | -15.8% | 191 k € | +47.8% | 129,3 k € | +10.9% | 116,6 k € | -23.7% | 152,8 k € | -45.1% | 278,4 k € | -11.7% | 315,2 k € | +37.9% | 228,6 k € | +281% | 60 k € |
| Debts | 398 k € | +76.0% | 226,1 k € | -12.8% | 259,4 k € | -30.5% | 373 k € | +22.2% | 305,4 k € | -13.3% | 352,2 k € | +309% | 86 k € | -47.4% | 163,5 k € | -19.7% | 203,5 k € | -37.3% | 324,3 k € | -3.9% | 337,4 k € | +48.8% | 226,7 k € | +14.3% | 198,2 k € |
| Other | |||||||||||||||||||||||||
| Workforce | 16,1 ETP | -4.2% | 16,8 ETP | -16.8% | 20,2 ETP | +18.1% | 17,1 ETP | +6.2% | 16,1 ETP | -9.0% | 17,7 ETP | -22.4% | 22,8 ETP | -11.6% | 25,8 ETP | +69.7% | 15,2 ETP | -15.1% | 17,9 ETP | +75.5% | 10,2 ETP | -10.5% | 11,4 ETP | -27.8% | 15,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 14 ended
Active mandates
Ended mandates
Katharina Kothe
EndedKatharina Kothe
EndedKoen Muller
EndedKoen Muller
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged 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 | 31/08/2026 | 10/07/2025 | 05/08/2024 | 25/07/2023 | 11/07/2022 | 27/07/2021 |
| General meeting | 31/08/2026 | 23/06/2025 | 31/07/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 |
| 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 |
Ratios
Financial ratios
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Annual accounts filings
13 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 31/08/2026 | 31/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 23/06/2025 | 10/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 31/07/2024 | 05/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 25/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 11/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 27/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 18/06/2020 | 25/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 19/06/2019 | 05/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 13/06/2018 | 08/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 24/05/2017 | 22/06/2017 | Dutch | |
| Full model | 31/12/2015 | 23/06/2016 | 04/07/2016 | Dutch | |
| Full model | 31/12/2014 | 19/06/2015 | 29/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 19/06/2014 | 17/07/2014 | Dutch |
Valuation
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.
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
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 14 ended
Active mandates
Ended mandates
Katharina Kothe
EndedKatharina Kothe
EndedKoen Muller
EndedKoen Muller
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates13/03/2026ONTSLAGEN - BENOEMINGEN
- Mandates22/08/2025ONTSLAGEN - BENOEMINGEN
- Other23/11/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates27/09/2022ONTSLAGEN - BENOEMINGEN
- Mandates22/09/2022ONTSLAGEN - BENOEMINGEN
- Mandates01/10/2019ONTSLAGEN - BENOEMINGEN
- Mandates26/07/2016ONTSLAGEN - BENOEMINGEN
- Mandates07/11/2013ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202584,2 k €↓
- 2024Annual accounts 2024128,5 k €↓
- 2023Annual accounts 2023152,9 k €↑
- 2022Annual accounts 2022115,3 k €↓
- 2021Annual accounts 2021136,9 k €↓
- 2020Annual accounts 2020181 k €↑
- 2019Annual accounts 201939,3 k €↑
- 2018Annual accounts 201815,9 k €↓
- 2017Annual accounts 201719,4 k €↓
- 2016Annual accounts 2016111,3 k €↑
- 2015Annual accounts 201591,9 k €↓
- 2014Annual accounts 2014120,9 k €↓
- 2013Annual accounts 2013199 k €
- 26/10/2012IncorporationPublic limited company