ACTIVE

MOSAL

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 k €

+4.3% YoY

Gross margin

722,9 k €

+9.8% YoY

Equity

44,5 k €

+2.9% YoY

Workforce

12,6 ETP

+24.8% YoY

What does MOSAL do?

MOSAL is a Private limited company incorporated in 2010. Its main activity is: Legal activities. Its registered office is in Liège. It employs on average 12,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.814.133

Incorporation

14/07/2010

Legal form

Private limited company

Registered office

Rue Louvrex 55-57
4000 Liège · WallonieSee on map

Contributed capital

26 620,00 €

Latest accounts

31/12/2025

Average workforce

12,6 ETP

Activities (NACE)

69101Legal activities· main 69101Legal activities

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	722,9 k €	+9.8%	658,2 k €	-1.6%	668,8 k €	+6.5%	628 k €	+2.9%	610,2 k €	+2.1%	597,4 k €	-3.7%	620,4 k €	+8.0%	574,5 k €	+2.3%	561,4 k €	+3.7%	541,6 k €	+5.7%	512,5 k €	+1.7%	504,1 k €	+12.7%	447,3 k €	+13.2%	395 k €	-4.5%	413,7 k €
EBITDA	36,5 k €	+6.9%	34,2 k €	-29.7%	48,6 k €	+26.5%	38,4 k €	+14.5%	33,6 k €	+25.7%	26,7 k €	-13.0%	30,7 k €	+35.5%	22,6 k €	-36.8%	35,8 k €	+5.7%	33,9 k €	-1.4%	34,4 k €	-23.5%	44,9 k €	+61.3%	27,9 k €	+61.9%	17,2 k €	-30.5%	24,8 k €
Operating result	18,3 k €	+54.3%	11,8 k €	-33.0%	17,7 k €	+48.1%	11,9 k €	+29.3%	9,2 k €	+11.4%	8,3 k €	-11.0%	9,3 k €	+59.8%	5,8 k €	-49.3%	11,5 k €	+6.5%	10,8 k €	+17.0%	9,2 k €	-62.3%	24,4 k €	+116%	11,3 k €	+47.5%	7,7 k €	-45.4%	14 k €
Net result	1,3 k €	+4.3%	1,2 k €	-23.5%	1,6 k €	+45.2%	1,1 k €	-11.9%	1,2 k €	-11.0%	1,4 k €	-13.9%	1,6 k €	+1296%	116,3 €	-89.3%	1,1 k €	+229%	329,8 €	-70.4%	1,1 k €	+211%	358,1 €	-59.9%	892,6 €	+239%	263,5 €	-96.1%	6,7 k €
Balance sheet
Equity	44,5 k €	+2.9%	43,2 k €	+2.9%	42 k €	+3.9%	40,4 k €	+2.8%	39,3 k €	+3.3%	38,1 k €	+3.8%	36,7 k €	+4.6%	35 k €	+0.3%	34,9 k €	+10.4%	31,6 k €	+1.1%	31,3 k €	+3.7%	30,2 k €	+1.2%	29,8 k €	+3.1%	28,9 k €	+0.9%	28,7 k €
Total assets	5,8 M €	+102%	2,8 M €	+14.2%	2,5 M €	-7.6%	2,7 M €	+40.9%	1,9 M €	-8.6%	2,1 M €	-35.5%	3,3 M €	+99.4%	1,6 M €	+7.8%	1,5 M €	+4.9%	1,4 M €	-5.0%	1,5 M €	-16.6%	1,8 M €	-34.8%	2,8 M €	+105%	1,4 M €	+17.6%	1,2 M €
Cash	2,7 M €	+260%	757,8 k €	+111%	359,5 k €	-25.9%	485,3 k €	-9.6%	536,9 k €	+14.2%	470 k €	-62.0%	1,2 M €	+329%	288,7 k €	-15.9%	343,2 k €	+39.5%	246,1 k €	-36.5%	387,2 k €	-28.0%	538,1 k €	-63.9%	1,5 M €	+220%	465,9 k €	-0.6%	468,8 k €
Debts	5,7 M €	+104%	2,8 M €	+14.4%	2,5 M €	-7.8%	2,7 M €	+41.7%	1,9 M €	-8.8%	2,1 M €	-36.0%	3,2 M €	+101%	1,6 M €	+8.0%	1,5 M €	+4.8%	1,4 M €	-2.3%	1,4 M €	-14.6%	1,7 M €	-38.7%	2,8 M €	+107%	1,3 M €	+18.0%	1,1 M €
Other
Workforce	12,6 ETP	+24.8%	10,1 ETP	-1.9%	10,3 ETP	-8.8%	11,3 ETP	-0.9%	11,4 ETP	-2.6%	11,7 ETP	+1.7%	11,5 ETP	+3.6%	11,1 ETP	+3.7%	10,7 ETP	+4.9%	10,2 ETP	+5.2%	9,7 ETP	+2.1%	9,5 ETP	+2.2%	9,3 ETP	+6.9%	8,7 ETP	+7.4%	8,1 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 31/12/2025 · 15 active · 7 ended

Active mandates

Cécile DELFORGE

Managing director · since 01 janvier 2023

Active

Philippe MOINEAU

Director · since 01 janvier 2023

Active

Sibylle COURBE

Director · since 01 janvier 2023

Active

Vincent MARCELLE

Director · since 01 janvier 2023

Active

Cécile DELFORGE

Director · since 01 janvier 2020

Active

LAURENT SCHREIBER

Director · since 01 janvier 2018

Active

LM GESTION

Managing director · since 01 janvier 2016 · 0430.928.834

Represented by MARC LEVAUX

Active

Charlotte REMICHE

Director · since 28 juin 2010

Active

Joelle DECHARNEUX

Managing director · since 28 juin 2010

Active

Manuel GUSTIN

Managing director · since 28 juin 2010

Active

Marc LEVAUX

Managing director · since 28 juin 2010

Active

Pascale BABILONE

Director · since 28 juin 2010

Active

Paul CRAHAY

Director · since 28 juin 2010

Active

Pierre PICHAULT

Director · since 28 juin 2010

Active

Roman AYDOGDU

Director · since 28 juin 2010

Active

Ended mandates

Joelle DECHARNEUX

Director · since 28 juin 2010

Ended

Manuel GUSTIN

Director · since 28 juin 2010

Ended

Marc LEVAUX

Director · since 28 juin 2010

Ended

Paul CRAHAY

Managing director · since 28 juin 2010

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	26/08/2025	26/08/2024	29/08/2023	29/08/2022	23/08/2021
General meeting	30/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	26/08/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	26/08/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	22/07/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	19/08/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	21/08/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	29/08/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	30/08/2012	31/08/2012	French	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 31/12/2025 · 15 active · 7 ended

Active mandates

Cécile DELFORGE

Managing director · since 01 janvier 2023

Active

Philippe MOINEAU

Director · since 01 janvier 2023

Active

Sibylle COURBE

Director · since 01 janvier 2023

Active

Vincent MARCELLE

Director · since 01 janvier 2023

Active

Cécile DELFORGE

Director · since 01 janvier 2020

Active

LAURENT SCHREIBER

Director · since 01 janvier 2018

Active

LM GESTION

Managing director · since 01 janvier 2016 · 0430.928.834

Represented by MARC LEVAUX

Active

Charlotte REMICHE

Director · since 28 juin 2010

Active

Joelle DECHARNEUX

Managing director · since 28 juin 2010

Active

Manuel GUSTIN

Managing director · since 28 juin 2010

Active

Marc LEVAUX

Managing director · since 28 juin 2010

Active

Pascale BABILONE

Director · since 28 juin 2010

Active

Paul CRAHAY

Director · since 28 juin 2010

Active

Pierre PICHAULT

Director · since 28 juin 2010

Active

Roman AYDOGDU

Director · since 28 juin 2010

Active

Ended mandates

Joelle DECHARNEUX

Director · since 28 juin 2010

Ended

Manuel GUSTIN

Director · since 28 juin 2010

Ended

Marc LEVAUX

Director · since 28 juin 2010

Ended

Paul CRAHAY

Managing director · since 28 juin 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other22/09/2026
—
PDF
Other20/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates09/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates25/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates10/01/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
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 20251,3 k €↑
2024
Annual accounts 20241,2 k €↓
2023
Annual accounts 20231,6 k €↑
2022
Annual accounts 20221,1 k €↓
2021
Annual accounts 20211,2 k €↓
2020
Annual accounts 20201,4 k €↓
2019
Annual accounts 20191,6 k €↑
2018
Annual accounts 2018116,3 €↓
2017
Annual accounts 20171,1 k €↑
2016
Annual accounts 2016329,8 €↓
2015
Annual accounts 20151,1 k €↑
2014
Annual accounts 2014358,1 €↓
2013
Annual accounts 2013892,6 €↑
2012
Annual accounts 2012263,5 €↓
2011
Annual accounts 20116,7 k €
14/07/2010
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

MOSAL

Overview

What does MOSAL do?

Trend over 15 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