ACTIVE

M&S

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Financial year 2025 · closed on 30/06/2025

Net result

3,6 k €

-13.0% YoY

Gross margin

256,4 k €

-7.2% YoY

Equity

125,3 k €

+3.0% YoY

Workforce

4,2 ETP

-12.5% YoY

What does M&S do?

M&S is a Private limited company incorporated in 2010. It employs on average 4,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0822.644.231

Incorporation

19/01/2010

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

4,2 ETP

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	256,4 k €	-7.2%	276,4 k €	-9.8%	306,3 k €	-3.1%	316 k €	-35.3%	488,3 k €	+39.8%	349,2 k €	+24.3%	280,8 k €	-9.3%	309,7 k €	+3.5%	299,3 k €	+13.4%	263,9 k €	+128%	115,7 k €	+406%	22,9 k €	+5.5%	21,7 k €	-17.0%	26,1 k €	-10.1%	29,1 k €
EBITDA	48,2 k €	-15.8%	57,2 k €	-36.1%	89,5 k €	-9.4%	98,7 k €	-39.3%	162,7 k €	+52.8%	106,5 k €	+38.8%	76,7 k €	-23.3%	100 k €	+27.4%	78,5 k €	-43.3%	138,5 k €	+74.6%	79,3 k €	+267%	21,6 k €	+24.0%	17,4 k €	-15.7%	20,7 k €	-21.6%	26,3 k €
Operating result	10,5 k €	+12.6%	9,3 k €	-69.7%	30,6 k €	-21.8%	39,2 k €	-54.6%	86,2 k €	+185%	30,3 k €	+98.0%	15,3 k €	-59.4%	37,6 k €	+320%	9 k €	-90.2%	91,2 k €	+133%	39,2 k €	+712%	4,8 k €	+62.8%	3 k €	-56.2%	6,8 k €	-29.2%	9,6 k €
Net result	3,6 k €	-13.0%	4,1 k €	-76.6%	17,6 k €	-31.3%	25,7 k €	-64.1%	71,5 k €	+934%	6,9 k €	+125%	3,1 k €	-79.8%	15,2 k €	+3107%	473,8 €	-96.4%	13,1 k €	-43.1%	23 k €	+379%	-8,3 k €	-211%	-2,7 k €	-302%	1,3 k €	-67.2%	4 k €
Balance sheet
Equity	125,3 k €	+3.0%	121,7 k €	+3.5%	117,6 k €	+0.1%	117,4 k €	+28.0%	91,8 k €	+30.6%	70,3 k €	+8.1%	65 k €	+0.3%	64,8 k €	+30.6%	49,6 k €	+1.0%	49,2 k €	+36.4%	36 k €	+428%	6,8 k €	-54.7%	15,1 k €	-15.0%	17,7 k €	+8.0%	16,4 k €
Total assets	396,5 k €	+9.8%	361 k €	-2.1%	368,7 k €	-17.4%	446,5 k €	+9.9%	406,4 k €	+1.7%	399,7 k €	+33.0%	300,6 k €	-16.2%	358,6 k €	-25.8%	483,3 k €	+73.1%	279,1 k €	+1.6%	274,8 k €	+125%	122 k €	+7.3%	113,7 k €	+65.6%	68,6 k €	-26.1%	92,9 k €
Cash	41,1 k €	-11.3%	46,3 k €	-58.6%	112 k €	+109%	53,6 k €	-69.4%	175,3 k €	+253%	49,6 k €	-5.0%	52,2 k €	+6.5%	49,1 k €	-67.0%	148,8 k €	+83.1%	81,3 k €	+64.2%	49,5 k €	+638%	6,7 k €	-81.1%	35,5 k €	+1040%	3,1 k €	+225%	955,4 €
Debts	271,2 k €	+14.0%	237,8 k €	-4.6%	249,2 k €	-21.8%	318,7 k €	+1.8%	312,9 k €	-4.8%	328,7 k €	+41.2%	232,9 k €	-10.7%	260,7 k €	-26.5%	354,9 k €	+61.5%	219,7 k €	+17.4%	187,1 k €	+68.8%	110,9 k €	+14.2%	97,1 k €	+92.9%	50,3 k €	-34.0%	76,2 k €
Other
Workforce	4,2 ETP	-12.5%	4,8 ETP	+11.6%	4,3 ETP	-2.3%	4,4 ETP	-10.2%	4,9 ETP	-18.3%	6,0 ETP	+3.4%	5,8 ETP		–		–		3,9 ETP	+333%	0,9 ETP		–		–		0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 7 ended

Active mandates

ConTec-H

Director · since 04 mars 2025 · 0763.939.930

Represented by Nico Sabbe

Active

CHARLOWIE INVEST

Director · since 01 juillet 2020 · 0657.876.071

Represented by Sam Vanhooren

Active

Ended mandates

Sam Van Hooren

Manager · since 13 mars 2012

Ended

Sam Vanhooren

Director · since 06 mars 2012

Ended

Sam Vanhooren

Manager · since 06 mars 2012

Ended

Michael Hanseeuw

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	02/02/2026	31/01/2025	26/01/2024	31/01/2023	28/01/2022	22/07/2020
General meeting	30/12/2025	31/12/2024	26/12/2023	27/12/2022	28/12/2021	24/06/2020
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

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	30/12/2025	02/02/2026	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	26/12/2023	26/01/2024	Dutch	PDF
Abridged model	30/06/2022	27/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	28/12/2021	28/01/2022	Dutch	PDF
Abridged model	31/12/2019	24/06/2020	22/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	26/07/2019	Dutch	PDF
Micro model	31/12/2017	22/08/2018	24/08/2018	Dutch	PDF
Micro model	31/12/2016	28/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/05/2015	01/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/06/2025 · 2 active · 7 ended

Active mandates

ConTec-H

Director · since 04 mars 2025 · 0763.939.930

Represented by Nico Sabbe

Active

CHARLOWIE INVEST

Director · since 01 juillet 2020 · 0657.876.071

Represented by Sam Vanhooren

Active

Ended mandates

Sam Van Hooren

Manager · since 13 mars 2012

Ended

Sam Vanhooren

Director · since 06 mars 2012

Ended

Sam Vanhooren

Manager · since 06 mars 2012

Ended

Michael Hanseeuw

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other15/07/2026
BOEKJAAR, ALGEMENE VERGADERING
PDF
Mandates23/09/2014
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/02/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other05/02/2010
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

2025
Annual accounts 20253,6 k €↓
2024
Annual accounts 20244,1 k €↓
2023
Annual accounts 202317,6 k €↓
2022
Annual accounts 202225,7 k €↓
2021
Annual accounts 202171,5 k €↑
2019
Annual accounts 20196,9 k €↑
2018
Annual accounts 20183,1 k €↓
2017
Annual accounts 201715,2 k €↑
2016
Annual accounts 2016473,8 €↓
2015
Annual accounts 201513,1 k €↓
2014
Annual accounts 201423 k €↑
2013
Annual accounts 2013-8,3 k €↓
2012
Annual accounts 2012-2,7 k €↓
2011
Annual accounts 20111,3 k €↓
2010
Annual accounts 20104 k €
19/01/2010
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

M&S

Overview

What does M&S do?

Trend over 15 financial years

Indicative valuation

Board of directors

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