ACTIVE

BD MONTAGES

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Financial year 2025 · closed on 30/09/2025

Net result

-28,1 k €

-148.7% YoY

Gross margin

206,5 k €

-41.6% YoY

Equity

1 M €

-2.7% YoY

Workforce

6,1 ETP

-7.6% YoY

What does BD MONTAGES do?

BD MONTAGES is a Private limited company incorporated in 2008. Its registered office is in Zaventem. It employs on average 6,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.596.669

Incorporation

25/09/2008

Legal form

Private limited company

Registered office

Leuvensesteenweg 246 box 1
1932 Zaventem · FlandreSee on map

Contributed capital

7 000,00 €

Latest accounts

30/09/2025

Average workforce

6,1 ETP

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	206,5 k €	-41.6%	353,3 k €	-38.8%	577,3 k €	+29.1%	447,3 k €	+62.8%	274,8 k €	+10.2%	249,4 k €	-49.8%	497,3 k €	+26.4%	393,4 k €	+28.5%	306,1 k €	-35.8%	477,1 k €	+282%	124,8 k €	+455%	-35,2 k €	-103%	1,1 M €	-69.1%	3,4 M €	+164%	1,3 M €	+279%	341,6 k €	-12.9%	392 k €
EBITDA	-23,2 k €	-127%	86,8 k €	-64.0%	241,5 k €	+9.9%	219,7 k €	+1242%	-19,2 k €	-55.5%	-12,4 k €	-106%	198,8 k €	+398%	39,9 k €	+129%	-138,5 k €	-753%	21,2 k €	+106%	-352,5 k €	-293%	183,1 k €	-69.1%	592,9 k €	-70.6%	2 M €	+494%	339,9 k €	+92.8%	176,2 k €	-32.9%	262,8 k €
Operating result	-27,7 k €	-148%	57,3 k €	-73.5%	216,3 k €	+20.1%	180,1 k €	+658%	-32,2 k €	+27.5%	-44,5 k €	-127%	164,6 k €	+993%	15,1 k €	+110%	-157,5 k €	-655%	-20,9 k €	+95.1%	-423,7 k €	-746%	65,6 k €	-83.9%	406,2 k €	-77.1%	1,8 M €	+609%	250,7 k €	+552%	38,4 k €	-84.2%	243,6 k €
Net result	-28,1 k €	-149%	57,6 k €	-70.8%	197,7 k €	+24.4%	159 k €	+545%	-35,7 k €	+30.3%	-51,3 k €	-134%	151,3 k €	+2144%	6,7 k €	+104%	-158,9 k €	-554%	-24,3 k €	+94.3%	-422,9 k €	-762%	63,9 k €	-80.2%	323 k €	-72.9%	1,2 M €	+674%	154 k €	+3505%	4,3 k €	-97.3%	160,1 k €
Balance sheet
Equity	1 M €	-2.7%	1 M €	+1.4%	1 M €	+23.6%	836,6 k €	+17.3%	713,3 k €	-4.8%	749 k €	-8.6%	819,1 k €	+20.9%	677,7 k €	-2.5%	695 k €	-20.3%	872,4 k €	-15.0%	1 M €	-29.2%	1,4 M €	+4.6%	1,4 M €	+19.2%	1,2 M €	+861%	121 k €	+88.2%	64,3 k €	-40.0%	107,1 k €
Total assets	1,3 M €	-16.1%	1,5 M €	+4.5%	1,4 M €	+16.5%	1,2 M €	+18.5%	1 M €	-12.0%	1,2 M €	-9.7%	1,3 M €	+23.6%	1,1 M €	-5.8%	1,1 M €	-22.1%	1,4 M €	-3.4%	1,5 M €	-26.0%	2 M €	-35.3%	3,1 M €	-35.9%	4,9 M €	+165%	1,8 M €	+36.9%	1,3 M €	+51.3%	884,1 k €
Cash	583,4 k €	-19.7%	726,6 k €	+9.3%	665 k €	+78.1%	373,3 k €	+69.5%	220,3 k €	-30.0%	314,7 k €	-12.2%	358,2 k €	+314%	86,5 k €	-3.8%	90 k €	-60.3%	226,9 k €	-51.0%	463 k €	-50.3%	931,7 k €	-49.9%	1,9 M €	-36.2%	2,9 M €	+297%	734,5 k €	+69.9%	432,3 k €	+3.2%	418,9 k €
Debts	222,1 k €	-46.7%	416,9 k €	+16.5%	357,9 k €	-4.8%	375,8 k €	+20.3%	312,4 k €	-23.0%	405,8 k €	-11.2%	456,9 k €	+29.7%	352,2 k €	-14.8%	413,3 k €	-24.9%	550,1 k €	+21.8%	451,7 k €	-17.9%	550,3 k €	-41.2%	936,7 k €	-64.5%	2,6 M €	+132%	1,1 M €	-7.9%	1,2 M €	+74.9%	705,9 k €
Other
Workforce	6,1 ETP	-7.6%	6,6 ETP	+3.1%	6,4 ETP	+8.5%	5,9 ETP	-10.6%	6,6 ETP	-4.3%	6,9 ETP	+16.9%	5,9 ETP	-9.2%	6,5 ETP	-38.1%	10,5 ETP	+5.0%	10,0 ETP	-2.9%	10,3 ETP	-23.7%	13,5 ETP	-18.7%	16,6 ETP	-11.2%	18,7 ETP	+54.5%	12,1 ETP	+92.1%	6,3 ETP	+70.3%	3,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

David HEYLEN

Director · since 14 décembre 2023

Active

Ended mandates

Boris HEYLEN

Manager · since 23 septembre 2008

Ended

David HEYLEN

Director · since 23 septembre 2008

Ended

David HEYLEN

Administrator - manager · since 23 septembre 2008

Ended

David HEYLEN

Manager · since 23 septembre 2008

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/05/2026	30/04/2025	07/05/2024	05/05/2023	02/05/2022	30/04/2021
General meeting	20/03/2026	21/03/2025	15/03/2024	17/03/2023	18/03/2022	19/03/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	20/03/2026	06/05/2026	French	PDF
Abridged model	30/09/2024	21/03/2025	30/04/2025	French	PDF
Abridged model	30/09/2023	15/03/2024	07/05/2024	French	PDF
Abridged model	30/09/2022	17/03/2023	05/05/2023	French	PDF
Abridged model	30/09/2021	18/03/2022	02/05/2022	French	PDF
Abridged model	30/09/2020	19/03/2021	30/04/2021	French	PDF
Abridged model	30/09/2019	20/03/2020	30/04/2020	French	PDF
Abridged model	30/09/2018	15/03/2019	30/04/2019	French	PDF
Abridged model	30/09/2017	16/03/2018	30/04/2018	French	PDF
Abridged model	30/09/2016	17/03/2017	31/03/2017	French	PDF
Abridged model	30/09/2015	18/03/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	20/03/2015	17/04/2015	French	PDF
Abridged model	30/09/2013	01/04/2014	09/04/2014	French	PDF
Abridged model	30/09/2012	29/04/2013	29/04/2013	French	PDF
Abridged model	30/09/2011	07/05/2012	07/05/2012	French	PDF
Abridged model	30/09/2010	26/04/2011	05/05/2011	French	PDF
Abridged model	30/09/2009	26/03/2010	30/04/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 6 ended

Active mandates

David HEYLEN

Director · since 14 décembre 2023

Active

Ended mandates

Boris HEYLEN

Manager · since 23 septembre 2008

Ended

David HEYLEN

Director · since 23 septembre 2008

Ended

David HEYLEN

Administrator - manager · since 23 septembre 2008

Ended

David HEYLEN

Manager · since 23 septembre 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other09/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/08/2024
SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates31/03/2015
DEMISSIONS, NOMINATIONS
PDF
Other23/03/2010
OBJET - ASSEMBLEE GENERALE
PDF
Other07/12/2009
OBJET
PDF
Other03/10/2008
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

2025
Annual accounts 2025-28,1 k €↓
2024
Annual accounts 202457,6 k €↓
2023
Annual accounts 2023197,7 k €↑
2022
Annual accounts 2022159 k €↑
2021
Annual accounts 2021-35,7 k €↑
2020
Annual accounts 2020-51,3 k €↓
2019
Annual accounts 2019151,3 k €↑
2018
Annual accounts 20186,7 k €↑
2017
Annual accounts 2017-158,9 k €↓
2016
Annual accounts 2016-24,3 k €↑
2015
Annual accounts 2015-422,9 k €↓
2014
Annual accounts 201463,9 k €↓
2013
Annual accounts 2013323 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011154 k €↑
2010
Annual accounts 20104,3 k €↓
2009
Annual accounts 2009160,1 k €
25/09/2008
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

BD MONTAGES

Overview

What does BD MONTAGES do?

Trend over 17 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