ACTIVE

Montreal Development

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

7,7 k €

+90.8% YoY

Gross margin

256 k €

-13.6% YoY

Equity

220,2 k €

-49.5% YoY

Workforce

1,5 ETP

0.0% YoY

What does Montreal Development do?

Montreal Development is a Public limited company incorporated in 2013. Its main activity is: Development of building projects. Its registered office is in Antwerpen. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0503.871.151

Incorporation

05/02/2013

Legal form

Public limited company

Registered office

Noorderplaats 9 box 3
2000 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

1,5 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

20000

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	256 k €	-13.6%	296,3 k €	+4.1%	284,7 k €	+5.8%	269 k €	+73.3%	155,3 k €	-9.6%	171,8 k €	+57.2%	109,3 k €	-79.8%	541,1 k €	-32.2%	797,7 k €	+1996%	38,1 k €	+118%	-212,2 k €	-1413%	16,2 k €
EBITDA	112 k €	-33.6%	168,7 k €	+22.4%	137,9 k €	-5.5%	145,9 k €	+71.4%	85,2 k €	-49.7%	169,3 k €	+62.6%	104,1 k €	-80.7%	538,5 k €	-32.3%	794,8 k €	+2067%	36,7 k €	+117%	-213,9 k €	-1597%	14,3 k €
Operating result	104,8 k €	-36.8%	165,7 k €	+22.2%	135,5 k €	-4.5%	141,9 k €	+77.0%	80,2 k €	-44.2%	143,7 k €	+83.1%	78,5 k €	-84.7%	514 k €	-33.7%	775 k €	+2653%	28,2 k €	+113%	-222,5 k €	-4316%	5,3 k €
Net result	7,7 k €	+90.8%	4 k €	-81.3%	21,6 k €	-55.8%	48,9 k €	+195%	16,5 k €	-75.0%	66,2 k €	+92.8%	34,3 k €	-88.5%	298,9 k €	-44.3%	536,6 k €	+4136%	12,7 k €	+106%	-225,4 k €	-8066%	2,8 k €
Balance sheet
Equity	220,2 k €	-49.5%	435,8 k €	-53.7%	941,8 k €	+2.3%	920,2 k €	+5.6%	871,3 k €	+10.6%	788,1 k €	+9.2%	721,9 k €	+5.0%	687,5 k €	+76.9%	388,7 k €	+363%	-147,9 k €	+7.9%	-160,6 k €	-348%	64,8 k €
Total assets	5,7 M €	-23.0%	7,4 M €	+16.3%	6,4 M €	-52.5%	13,4 M €	+66.1%	8 M €	+310%	2 M €	+41.9%	1,4 M €	+20.1%	1,2 M €	+6.2%	1,1 M €	+393%	219,7 k €	+172%	80,7 k €	-55.2%	180,1 k €
Cash	472,6 k €	-58.3%	1,1 M €	+6.3%	1,1 M €	+5.9%	1 M €	-40.2%	1,7 M €	+233%	505 k €	+253%	143 k €	-48.5%	277,9 k €	-4.8%	292 k €	+82.2%	160,2 k €	+664%	21 k €	-50.8%	42,6 k €
Debts	5,5 M €	-15.4%	6,5 M €	+19.4%	5,4 M €	-56.3%	12,4 M €	+74.0%	7,1 M €	+507%	1,2 M €	+78.5%	657,8 k €	+42.0%	463,3 k €	-32.4%	685,5 k €	+105%	334,9 k €	+64.6%	203,4 k €	+76.5%	115,2 k €
Other
Workforce	1,5 ETP	0.0%	1,5 ETP	-11.8%	1,7 ETP	0.0%	1,7 ETP	+112%	0,8 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Mistral Management

Managing director · since 01 septembre 2025 · until 07 juin 2030 · 0644.684.269

Represented by Michel Vanderstraeten

Active

OSLO

Managing director · since 01 septembre 2025 · until 07 juin 2030 · 0898.062.622

Represented by Bart Langens

Active

Ended mandates

Mistral Management

Director · since 09 juin 2017 · 0644.684.269

Represented by Vanderstraeten MICHEL

Ended

Mistral Management

Director · since 09 juin 2017 · 0644.684.269

Represented by Michel VANDERSTRAETEN

Ended

Mistral Management

Managing director · since 09 juin 2017 · until 09 juin 2023 · 0644.684.269

Represented by Michel Vanderstraeten

Ended

Mistral Management

Director · since 09 juin 2017 · 0644.684.269

Represented by Michel VANDERSTRAETEN

Ended

At this address

Other companies at this address

Company	CBE no.
ALLROUND FORWARDING & LOGISTICS● Active	0455.142.905
ANTWERPEN_QUELLIN_STU● Active	0805.372.390
ASSE HOPMARKT● Active	0823.467.246
HMM (Belgium) Shipping● Active	0473.580.625
HOYA LENS BELGIUM● Active	0436.666.284
In4Leads BV● Active	0782.711.410
Intrameo BV● Active	0782.711.212
LIER_ANTWERPSESTWG_HR● Active	0794.883.920
Lip Investments● Active	1000.398.216
MECHELEN_RODEKRUIS_HR● Active	0805.370.016
Montreal Properties● Active	0875.562.679

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	30/07/2026	31/07/2025	31/07/2024	31/07/2023	31/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	02/06/2023	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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	14/08/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	17/07/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 2 active · 13 ended

Active mandates

Mistral Management

Managing director · since 01 septembre 2025 · until 07 juin 2030 · 0644.684.269

Represented by Michel Vanderstraeten

Active

OSLO

Managing director · since 01 septembre 2025 · until 07 juin 2030 · 0898.062.622

Represented by Bart Langens

Active

Ended mandates

Mistral Management

Director · since 09 juin 2017 · 0644.684.269

Represented by Vanderstraeten MICHEL

Ended

Mistral Management

Director · since 09 juin 2017 · 0644.684.269

Represented by Michel VANDERSTRAETEN

Ended

Mistral Management

Managing director · since 09 juin 2017 · until 09 juin 2023 · 0644.684.269

Represented by Michel Vanderstraeten

Ended

Mistral Management

Director · since 09 juin 2017 · 0644.684.269

Represented by Michel VANDERSTRAETEN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office11/09/2026
ZETEL
PDF
Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/01/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office28/12/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/12/2015
ONTSLAGEN - BENOEMINGEN
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 20257,7 k €↑
2024
Annual accounts 20244 k €↓
2023
Annual accounts 202321,6 k €↓
2022
Annual accounts 202248,9 k €↑
2021
Annual accounts 202116,5 k €↓
2019
Annual accounts 201966,2 k €↑
2018
Annual accounts 201834,3 k €↓
2017
Annual accounts 2017298,9 k €↓
2016
Annual accounts 2016536,6 k €↑
2015
Annual accounts 201512,7 k €↑
2014
Annual accounts 2014-225,4 k €↓
2013
Annual accounts 20132,8 k €
05/02/2013
IncorporationPublic 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

Montreal Development

Overview

What does Montreal Development do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

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