ACTIVE

MISTRAS GROUP

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

275,9 k €

+1041.9% YoY

Gross margin

3 M €

+23.2% YoY

Equity

1,9 M €

+17.2% YoY

Workforce

24,6 ETP

+6.5% YoY

What does MISTRAS GROUP do?

MISTRAS GROUP is a Private limited company incorporated in 2014. Its main activity is: Technical testing and analysis. Its registered office is in Antwerpen. It employs on average 24,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0553.523.471

Incorporation

22/05/2014

Legal form

Private limited company

Registered office

Noorderlaan 117
2030 Antwerpen · FlandreSee on map

Contributed capital

402 500,00 €

Latest accounts

31/12/2024

Average workforce

24,6 ETP

Activities (NACE)

71209Technical testing and analysis· main 71209Technical testing and analysis 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.

Joint committees (2)

11101
20900

Signals

ProfitableSolid equityLow riskGood 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 11 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2016		2015
Income statement
Gross margin	3 M €	+23.2%	2,4 M €	+0.2%	2,4 M €	+8.0%	2,2 M €	-13.1%	2,6 M €	+0.2%	2,6 M €	+7.7%	2,4 M €	+19.9%	2 M €	+39.1%	1,4 M €		–		–
EBITDA	578,3 k €	+174%	211,3 k €	-58.2%	505,4 k €	+145%	206,3 k €	-59.0%	503,6 k €	-7.8%	546,3 k €	+13.2%	482,8 k €	+80.4%	267,6 k €	-48.7%	521,9 k €	+562%	-113 k €	+59.9%	-281,6 k €
Operating result	445,9 k €	+347%	99,8 k €	-70.0%	333,1 k €	+303%	82,6 k €	-79.2%	397,5 k €	-11.3%	448,3 k €	+11.5%	402 k €	+77.5%	226,5 k €	-55.7%	511,1 k €	+526%	-120 k €	+58.0%	-286 k €
Net result	275,9 k €	+1042%	24,2 k €	-88.1%	202,3 k €	+874%	20,8 k €	-92.0%	260,4 k €	-1.4%	264,1 k €	+3.9%	254,1 k €	+90.7%	133,3 k €	-70.8%	457,1 k €	+446%	-132,1 k €	+54.5%	-290,6 k €
Balance sheet
Equity	1,9 M €	+17.2%	1,6 M €	+0.4%	1,6 M €	+14.7%	1,4 M €	+1.5%	1,4 M €	+23.7%	1,1 M €	+31.7%	834,3 k €	+46.3%	570,2 k €	+30.5%	436,9 k €	+2264%	-20,2 k €	+91.2%	-230,6 k €
Total assets	3,1 M €	+16.0%	2,7 M €	+3.4%	2,6 M €	+18.0%	2,2 M €	-0.9%	2,2 M €	+16.2%	1,9 M €	+14.6%	1,7 M €	+5.5%	1,6 M €	-11.5%	1,8 M €	+123%	805,1 k €	+72.8%	465,8 k €
Cash	371,7 k €	+17.0%	317,8 k €	-65.4%	919,2 k €	+18.9%	773 k €	+7.3%	720,6 k €	+92.4%	374,6 k €	-27.8%	518,8 k €	+85.3%	279,9 k €	-54.0%	608 k €	+281%	159,8 k €	+65.5%	96,5 k €
Debts	1,1 M €	+2.8%	1,1 M €	+28.5%	861,9 k €	+15.9%	743,6 k €	+0.2%	742,4 k €	+3.0%	721,1 k €	-4.9%	757,9 k €	-19.9%	946,5 k €	-28.3%	1,3 M €	+61.9%	815,2 k €	+18.4%	688,8 k €
Other
Workforce	24,6 ETP	+6.5%	23,1 ETP	-3.7%	24,0 ETP	+0.8%	23,8 ETP	-7.4%	25,7 ETP	+4.5%	24,6 ETP	+2.9%	23,9 ETP	+10.6%	21,6 ETP	+45.0%	14,9 ETP	+73.3%	8,6 ETP	+56.4%	5,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

Ante KASELJ

Director

Active

Ended mandates

Ante Kaselj

Manager · since 30 septembre 2017

Ended

Udo Albert Klibingat

Manager · since 22 mai 2015 · until 30 septembre 2017

Ended

Albert Klibingat Udo

Manager

Ended

Ante Kaselj

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Get-2-Customs● Active	0802.934.425
KATHA Construct● Active	1016.705.894
KUBE & KUBENZ BELGIE● Active	0436.057.164
Lighthouse Beacon● Active	1011.107.313
MEERENDONK BELGIE● Active	0450.350.709
THINKPLUS● Bankrupt	0741.955.077
VERDOOLAEGE● Active	0417.482.456

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2025	30/11/2024	31/08/2023	29/07/2022	31/08/2021	08/03/2021
General meeting	06/10/2025	28/10/2024	08/06/2023	27/06/2022	15/07/2021	08/09/2020
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	06/10/2025	27/10/2025	Dutch	PDF
Abridged model	31/12/2023	28/10/2024	30/11/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/07/2021	31/08/2021	Dutch	PDF
Abridged modelCorrection	31/12/2019	08/09/2020	08/03/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	31/08/2017	Dutch	PDF
Full model	30/04/2016	15/07/2016	28/11/2016	Dutch	PDF
Full model	30/04/2015	15/07/2015	30/09/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

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 31/12/2024 · 1 active · 6 ended

Active mandates

Ante KASELJ

Director

Active

Ended mandates

Ante Kaselj

Manager · since 30 septembre 2017

Ended

Udo Albert Klibingat

Manager · since 22 mai 2015 · until 30 septembre 2017

Ended

Albert Klibingat Udo

Manager

Ended

Ante Kaselj

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/08/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares12/05/2016
KAPITAAL - AANDELEN
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

2024
Annual accounts 2024275,9 k €↑
2023
Annual accounts 202324,2 k €↓
2022
Annual accounts 2022202,3 k €↑
2021
Annual accounts 202120,8 k €↓
2020
Annual accounts 2020260,4 k €↓
2019
Annual accounts 2019264,1 k €↑
2018
Annual accounts 2018254,1 k €↑
2017
Annual accounts 2017133,3 k €↓
2016
Annual accounts 2016457,1 k €↑
2016
Annual accounts 2016-132,1 k €↑
2015
Annual accounts 2015-290,6 k €
22/05/2014
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

MISTRAS GROUP

Overview

What does MISTRAS GROUP do?

Trend over 11 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