ACTIVE

MDO Utilities

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Financial year 2025 · closed on 31/12/2025
Net result
-70,6 k €
-15.0% YoY
Gross margin
13,2 k €
+1420.9% YoY
Equity
77,4 k €
-47.7% YoY
Workforce
0,0 ETP
-100.0% YoY

What does MDO Utilities do?

MDO Utilities is a Private limited company incorporated in 2019. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Zottegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0737.966.694
Incorporation
22/11/2019
Legal form
Private limited company
Registered office
Ballingsweg 9
9620 Zottegem · FlandreSee on map
Contributed capital
195 271,32 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
43221Plumbing, heat and air-conditioning installation· main43221Plumbing, heat and air-conditioning installation41003Construction of buildings41203Construction of residential and non-residential buildings43212Electrical installation43212Electrical installation
Joint committees (2)
  • 124
  • 200
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin13,2 k €867,8 €218,5 k €254 k €240,5 k €
EBITDA-38,1 k €-40,3 k €30,9 k €46,7 k €-86 k €
Operating result-70 k €-60,5 k €13,2 k €13 k €-118,7 k €
Net result-70,6 k €-61,4 k €12,5 k €11,7 k €-124 k €
Balance sheet
Equity77,4 k €148 k €209,4 k €197 k €-241,2 k €
Total assets121,3 k €196,7 k €310,1 k €314,7 k €355,3 k €
Cash67,1 k €49,9 k €30,9 k €23,5 k €10,8 k €
Debts43,9 k €48,7 k €100,7 k €117,7 k €596,4 k €
Other
Workforce0,0 ETP1,0 ETP2,6 ETP3,4 ETP6,9 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 · 4 ended

Active mandates

EWS SOLUTIONS

Director · 0664.649.542

Represented by Ewout Speecke

Active
Hermes Solutions

Director · 0719.665.467

Represented by Sander Speecke

Active

Ended mandates

EWS SOLUTIONS

Director · since 21 novembre 2019 · 0664.649.542

Represented by Ewout Speecke

Ended
Hermes Solutions

Director · since 21 novembre 2019 · 0719.665.467

Represented by Sander Speecke

Ended
MDO GROUP

Director · since 21 novembre 2019 · 0867.447.343

Represented by Peter Speecke

Ended
MDO GROUP

Director · until 01 mars 2022 · 0867.447.343

Represented by Peter Speecke

Ended
At this address

Other companies at this address

CompanyCBE no.
BTW EENHEID MDO● Active
0761.486.226
EWS SOLUTIONS● Active
0664.649.542
MDO GROUP● Active
0867.447.343
MDO Move● Active
0690.741.453
MDO Technics Belgium● Active
0751.628.650
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202121/11/2019
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 months14 months
Filing date18/05/202619/05/202521/05/202430/05/202309/05/202214/06/2021
General meeting16/05/202617/05/202518/05/202420/05/202329/03/202215/05/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/05/202618/05/2026DutchPDF
Abridged model31/12/202417/05/202519/05/2025DutchPDF
Abridged model31/12/202318/05/202421/05/2024DutchPDF
Abridged model31/12/202220/05/202330/05/2023DutchPDF
Abridged model31/12/202129/03/202209/05/2022DutchPDF
Abridged model31/12/202015/05/202114/06/2021DutchPDF
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 · 4 ended

Active mandates

EWS SOLUTIONS

Director · 0664.649.542

Represented by Ewout Speecke

Active
Hermes Solutions

Director · 0719.665.467

Represented by Sander Speecke

Active

Ended mandates

EWS SOLUTIONS

Director · since 21 novembre 2019 · 0664.649.542

Represented by Ewout Speecke

Ended
Hermes Solutions

Director · since 21 novembre 2019 · 0719.665.467

Represented by Sander Speecke

Ended
MDO GROUP

Director · since 21 novembre 2019 · 0867.447.343

Represented by Peter Speecke

Ended
MDO GROUP

Director · until 01 mars 2022 · 0867.447.343

Represented by Peter Speecke

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/12/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other26/11/2019
    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

Timeline

  1. 2025
    Annual accounts 2025-70,6 k €↓
  2. 2024
    Annual accounts 2024-61,4 k €↓
  3. 2023
    Annual accounts 202312,5 k €↑
  4. 2022
    Annual accounts 202211,7 k €↑
  5. 2021
    Annual accounts 2021-124 k €
  6. 22/11/2019
    IncorporationPrivate limited company