ACTIVE

MWM20

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Financial year 2025 · closed on 31/12/2025
Net result
154,5 k €
-11.2% YoY
Gross margin
195,2 k €
-12.7% YoY
Equity
280,7 k €
-36.8% YoY

What does MWM20 do?

MWM20 is a Private limited company incorporated in 2017. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0683.534.650
Incorporation
19/10/2017
Legal form
Private limited company
Registered office
Rue de l'Arbre Bénit 15 box 22
1050 Ixelles · BruxellesSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities70210Public relations and communication activities73200Market research and public opinion polling73200Market research and public opinion polling73300Advertising and market research
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin195,2 k €223,5 k €191,8 k €173,2 k €206,2 k €235,9 k €229,6 k €186,7 k €
EBITDA194,2 k €223,1 k €191,3 k €172,6 k €205,5 k €235,5 k €229,2 k €186 k €
Operating result193,5 k €222,4 k €189,8 k €170,9 k €203,9 k €234,3 k €228,4 k €184,7 k €
Net result154,5 k €173,9 k €149,4 k €120,8 k €142,9 k €164 k €154,4 k €112,2 k €
Balance sheet
Equity280,7 k €443,9 k €709 k €709 k €588,9 k €441,2 k €278 k €124,4 k €
Total assets622,7 k €917,3 k €896,2 k €746,1 k €694,4 k €608,4 k €428,8 k €202,9 k €
Cash455 k €643,4 k €638,7 k €503,7 k €522,3 k €459,7 k €325,3 k €115,1 k €
Debts342 k €473,4 k €187,3 k €37,2 k €105,4 k €167,2 k €150,2 k €78,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

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

Active mandates

Massimo Marzorati

Director

Active

Ended mandates

Massimo Marzorati

Manager

Ended
At this address

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0776.864.090
MIP● Active
1009.250.158
MVP Legal● Active
1015.850.217
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date11/05/202603/07/202524/06/202404/07/202311/07/202213/07/2021
General meeting20/04/202612/06/202512/06/202412/06/202313/06/202212/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/04/202611/05/2026DutchPDF
Micro model31/12/202412/06/202503/07/2025DutchPDF
Micro model31/12/202312/06/202424/06/2024DutchPDF
Micro model31/12/202212/06/202304/07/2023DutchPDF
Micro model31/12/202113/06/202211/07/2022DutchPDF
Micro model31/12/202012/06/202113/07/2021DutchPDF
Micro model31/12/201913/06/202013/07/2020DutchPDF
Micro model31/12/201812/06/201903/07/2019DutchPDF
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.

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 · 1 ended

Active mandates

Massimo Marzorati

Director

Active

Ended mandates

Massimo Marzorati

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/09/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates23/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/10/2017
    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 2025154,5 k €↓
  2. 2024
    Annual accounts 2024173,9 k €↑
  3. 2023
    Annual accounts 2023149,4 k €↑
  4. 2022
    Annual accounts 2022120,8 k €↓
  5. 2021
    Annual accounts 2021142,9 k €↓
  6. 2020
    Annual accounts 2020164 k €↑
  7. 2019
    Annual accounts 2019154,4 k €↑
  8. 2018
    Annual accounts 2018112,2 k €
  9. 19/10/2017
    IncorporationPrivate limited company