ACTIVE

MDWorks

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Financial year 2025 · closed on 31/12/2025

Net result

11,2 k €

+265.3% YoY

Gross margin

15,8 k €

+410.1% YoY

Equity

81,8 k €

+15.9% YoY

What does MDWorks do?

MDWorks is a Private limited company incorporated in 2013. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0537.989.417

Incorporation

09/09/2013

Legal form

Private limited company

Registered office

Kamdriesstraat 15
9308 Aalst · FlandreSee on map

Contributed capital

6 300,00 €

Latest accounts

31/12/2025

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43320Joinery installation 43320Joinery installation 43341Painting and glazing 43341Painting and glazing+2

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	15,8 k €	+410%	-5,1 k €	-112%	42,8 k €	-13.3%	49,3 k €	+1241%	3,7 k €	-21.0%	4,7 k €	-52.5%	9,8 k €	-32.7%	14,5 k €	+162%	5,6 k €	-41.7%	9,5 k €	+24.1%	7,7 k €	-58.3%	18,4 k €
EBITDA	13,4 k €	+311%	-6,3 k €	-115%	42,1 k €	-13.3%	48,5 k €	+2067%	2,2 k €	-33.5%	3,4 k €	-60.1%	8,4 k €	-37.2%	13,4 k €	+186%	4,7 k €	-45.7%	8,7 k €	+23.7%	7 k €	-59.1%	17,1 k €
Operating result	13,4 k €	+311%	-6,3 k €	-116%	40,2 k €	-17.2%	48,5 k €	+2067%	2,2 k €	-33.5%	3,4 k €	+131%	1,5 k €	-75.0%	5,8 k €	+194%	2 k €	-30.0%	2,8 k €	+69.4%	1,7 k €	-40.4%	2,8 k €
Net result	11,2 k €	+265%	-6,8 k €	-120%	33,9 k €	-17.0%	40,8 k €	+2051%	1,9 k €	+107%	916,9 €	+1385%	-71,4 €	-102%	3,7 k €	+308%	919,2 €	-46.2%	1,7 k €	+100%	852,7 €	-32.9%	1,3 k €
Balance sheet
Equity	81,8 k €	+15.9%	70,6 k €	-8.8%	77,4 k €	+77.8%	43,5 k €	+160%	16,7 k €	+12.8%	14,8 k €	+6.6%	13,9 k €	-0.5%	14 k €	+26.6%	11,1 k €	+9.1%	10,1 k €	+20.3%	8,4 k €	+11.3%	7,6 k €
Total assets	379,9 k €	+5.2%	361,3 k €	-1.0%	364,8 k €	+6.9%	341,4 k €	+471%	59,7 k €	-56.8%	138,2 k €	+167%	51,7 k €	+0.1%	51,6 k €	-4.6%	54,1 k €	+64.9%	32,8 k €	-15.5%	38,9 k €	-11.5%	43,9 k €
Cash	10 k €	+445%	1,8 k €	-86.0%	13,2 k €	+460%	2,3 k €	+36.8%	1,7 k €	-67.7%	5,3 k €	-16.5%	6,4 k €	-4.4%	6,7 k €	-26.2%	9 k €	+2.5%	8,8 k €	+924%	859,2 €	-77.5%	3,8 k €
Debts	298,1 k €	+2.5%	290,7 k €	+1.1%	287,5 k €	-3.5%	297,9 k €	+592%	43 k €	-65.1%	123,4 k €	+227%	37,8 k €	+0.3%	37,7 k €	-12.5%	43 k €	+90.0%	22,7 k €	-25.5%	30,4 k €	-16.4%	36,3 k €

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 · 7 ended

Active mandates

Marc De Wuffel

Director · since 01 octobre 2015

Active

Michaël De Wuffel

Director · since 05 septembre 2013

Active

Ended mandates

Glenn Guns

Manager · since 18 juillet 2016

Ended

Marc De Wuffel

Manager · since 01 octobre 2015

Ended

Jurgen De Meersman

Manager · since 11 septembre 2013 · until 30 septembre 2015

Ended

Jurgen De Meersman

Manager · since 11 septembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
PAULI● Active	0791.999.357

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro 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	29/08/2025	04/10/2024	31/08/2023	29/07/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	26/06/2024	26/06/2023	26/06/2022	26/06/2021
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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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	26/06/2024	04/10/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	26/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	08/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	29/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	28/08/2015	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 · 7 ended

Active mandates

Marc De Wuffel

Director · since 01 octobre 2015

Active

Michaël De Wuffel

Director · since 05 septembre 2013

Active

Ended mandates

Glenn Guns

Manager · since 18 juillet 2016

Ended

Marc De Wuffel

Manager · since 01 octobre 2015

Ended

Jurgen De Meersman

Manager · since 11 septembre 2013 · until 30 septembre 2015

Ended

Jurgen De Meersman

Manager · since 11 septembre 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2021
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other17/10/2013
DIVERSEN
PDF
Other24/09/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202511,2 k €↑
2024
Annual accounts 2024-6,8 k €↓
2023
Annual accounts 202333,9 k €↓
2022
Annual accounts 202240,8 k €↑
2021
Annual accounts 20211,9 k €↑
2020
Annual accounts 2020916,9 €↑
2019
Annual accounts 2019-71,4 €↓
2018
Annual accounts 20183,7 k €↑
2017
Annual accounts 2017919,2 €↓
2016
Annual accounts 20161,7 k €↑
2015
Annual accounts 2015852,7 €↓
2014
Annual accounts 20141,3 k €
09/09/2013
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

MDWorks

Overview

What does MDWorks 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