ACTIVE

MAK-SYSTEM

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Financial year 2025 · closed on 31/12/2025
Net result
380,5 k €
+9.4% YoY
Revenue
13,3 M €
+1.1% YoY
Equity
5,2 M €
+7.9% YoY

What does MAK-SYSTEM do?

MAK-SYSTEM is a Public limited company incorporated in 2013. Its main activity is: Computer consultancy activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0540.778.661
Incorporation
14/10/2013
Legal form
Public limited company
Registered office
Square de Meeûs 35
1000 Bruxelles · BruxellesSee on map
Contributed capital
3 068 250,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Revenue13,3 M €13,1 M €9,4 M €–––––––––
EBITDA739,1 k €368,8 k €525,3 k €562 k €300,5 k €-194,3 k €413,6 k €613 k €493,1 k €843,9 k €443,1 k €493,2 k €
Operating result739,5 k €419,1 k €421,5 k €556,7 k €403,6 k €-711,3 k €255,6 k €359,5 k €207,4 k €558,3 k €157,9 k €208,3 k €
Net result380,5 k €347,7 k €227,8 k €371 k €466,4 k €-762,6 k €180 k €144,7 k €83,7 k €100,6 k €191,3 k €143,2 k €
Balance sheet
Equity5,2 M €4,8 M €4,5 M €4,2 M €3,9 M €3,4 M €4,2 M €4 M €3,8 M €3,8 M €3,7 M €3,5 M €
Total assets7,6 M €6,5 M €6,9 M €6,6 M €16 M €14,7 M €9,3 M €9,3 M €8,3 M €7,8 M €12,7 M €9,2 M €
Cash471,5 k €1,4 M €870,9 k €711,5 k €498,1 k €3,8 M €3,6 M €4,8 M €3,4 M €2,9 M €7 M €4 M €
Debts1,6 M €659,9 k €1,7 M €2 M €11,4 M €8,9 M €5,1 M €5,3 M €4,4 M €4,1 M €9 M €5,7 M €
Other
Workforce––––0,2 ETP2,0 ETP6,1 ETP5,7 ETP5,0 ETP4,6 ETP1,9 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Frank JAUBERT

Director · since 21 juin 2021 · until 21 juin 2027

Active

Ended mandates

CEP V I 5 LIMITED SRL

Mandate · since 27 février 2020 · until 27 février 2026

Ended
Mak-System Group Limited

Mandate · since 27 février 2020 · until 27 février 2026

Ended
Mak-System Group Limited SRL

Director · since 27 février 2020 · until 27 février 2026

Represented by Frank JAUBERT

Ended
Philippe Victor Julien HOUSSIAU

Director · since 27 février 2020 · until 27 février 2026

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202618/07/202505/08/202405/07/202328/07/202229/12/2021
General meeting24/07/202617/07/202531/07/202430/06/202330/06/202222/12/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/07/202631/07/2026FrenchPDF
Full model31/12/202417/07/202518/07/2025FrenchPDF
Full model31/12/202331/07/202405/08/2024FrenchPDF
Abridged model31/12/202230/06/202305/07/2023FrenchPDF
Abridged model31/12/202130/06/202228/07/2022FrenchPDF
Abridged model31/12/202022/12/202129/12/2021FrenchPDF
Abridged modelCorrection31/12/201919/08/202023/10/2020FrenchPDF
Abridged model31/12/201919/08/202031/08/2020FrenchPDF
Abridged model31/12/201814/05/201930/07/2019FrenchPDF
Abridged model31/12/201708/06/201821/06/2018FrenchPDF
Abridged model31/12/201630/06/201728/07/2017FrenchPDF
Abridged model31/12/201528/06/201627/07/2016FrenchPDF
Abridged model31/12/201403/06/201531/07/2015FrenchPDF
Abridged modelCorrection31/12/201304/06/201425/09/2014FrenchPDF
Abridged model31/12/201304/06/201429/07/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

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 · 1 active · 11 ended

Active mandates

Frank JAUBERT

Director · since 21 juin 2021 · until 21 juin 2027

Active

Ended mandates

CEP V I 5 LIMITED SRL

Mandate · since 27 février 2020 · until 27 février 2026

Ended
Mak-System Group Limited

Mandate · since 27 février 2020 · until 27 février 2026

Ended
Mak-System Group Limited SRL

Director · since 27 février 2020 · until 27 février 2026

Represented by Frank JAUBERT

Ended
Philippe Victor Julien HOUSSIAU

Director · since 27 février 2020 · until 27 février 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other05/09/2023
    ASSEMBLEE GENERALE
    PDF
  • Mandates27/01/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/08/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/03/2020
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates06/03/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other23/10/2013
    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

Timeline

  1. 2025
    Annual accounts 2025380,5 k €↑
  2. 2024
    Annual accounts 2024347,7 k €↑
  3. 2023
    Annual accounts 2023227,8 k €↓
  4. 2022
    Annual accounts 2022371 k €↓
  5. 2021
    Annual accounts 2021466,4 k €↑
  6. 2020
    Annual accounts 2020-762,6 k €↓
  7. 2019
    Annual accounts 2019180 k €↑
  8. 2018
    Annual accounts 2018144,7 k €↑
  9. 2017
    Annual accounts 201783,7 k €↓
  10. 2016
    Annual accounts 2016100,6 k €↓
  11. 2015
    Annual accounts 2015191,3 k €↑
  12. 2014
    Annual accounts 2014143,2 k €
  13. 14/10/2013
    IncorporationPublic limited company