ACTIVE

MENADSWORK

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Financial year 2025 · closed on 31/12/2025
Net result
114,2 k €
+24.1% YoY
Gross margin
177,6 k €
+10.6% YoY
Equity
460,7 k €
-13.7% YoY

What does MENADSWORK do?

MENADSWORK is a Private limited company incorporated in 2010. Its main activity is: Advertising agencies. Its registered office is in Hove.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0831.131.533
Incorporation
17/11/2010
Legal form
Private limited company
Registered office
Veldkantvoetweg 129
2540 Hove · FlandreSee on map
Contributed capital
7 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
73110Advertising agencies· main73110Advertising agencies46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201920182017201620152014201320122011
Income statement
Gross margin177,6 k €160,6 k €147,4 k €207,1 k €202,5 k €40,7 k €20,9 k €32,9 k €47 k €5,2 k €27,8 k €35,3 k €-13 k €27,3 k €
EBITDA176,5 k €144 k €147 k €181,7 k €202,2 k €39,3 k €19,2 k €31,3 k €44,9 k €3,8 k €26,3 k €35,2 k €-13,4 k €26,9 k €
Operating result166,7 k €135,9 k €139,7 k €172 k €170,2 k €21 k €18,9 k €31,1 k €44,2 k €44,3 €22,5 k €31,1 k €-16 k €23,7 k €
Net result114,2 k €92 k €96,1 k €117,4 k €116,8 k €12,3 k €11,1 k €18,2 k €31,6 k €-3 k €14,5 k €22,8 k €-16,2 k €15,3 k €
Balance sheet
Equity460,7 k €534 k €442 k €345,9 k €246,7 k €102,2 k €89,9 k €78,8 k €60,7 k €41 k €44 k €29,4 k €6,7 k €22,9 k €
Total assets805,9 k €681,9 k €567,8 k €504 k €455,5 k €213,4 k €129,1 k €124 k €92,7 k €57,4 k €71,1 k €65,9 k €43,7 k €124,3 k €
Cash280,6 k €367,9 k €293,8 k €301,7 k €222,6 k €46,6 k €58,3 k €69,2 k €60,1 k €41,8 k €65 k €58,1 k €8,8 k €28,1 k €
Debts345,2 k €147,9 k €125,8 k €158,1 k €208,8 k €97,1 k €39,2 k €45,2 k €32 k €16,4 k €27,2 k €36,4 k €37 k €101,5 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 · 6 ended

Active mandates

Vincent De Wit

Manager · since 10 novembre 2010

Active

Ended mandates

Ronald Decroix

Manager · since 10 novembre 2010 · until 13 décembre 2013

Ended
Ronald Decroix

Manager · since 10 novembre 2010

Ended
Vincent De Wit

Director · since 10 novembre 2010

Ended
RONALD DECROIX

Mandate

Ended
At this address

Other companies at this address

CompanyCBE no.
Telos PArtners● Active
1036.514.383
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 date29/06/202630/06/202527/06/202430/06/202330/06/202230/06/2021
General meeting01/06/202602/06/202503/06/202411/06/202307/06/202207/06/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202501/06/202629/06/2026DutchPDF
Micro model31/12/202402/06/202530/06/2025DutchPDF
Micro model31/12/202303/06/202427/06/2024DutchPDF
Micro model31/12/202211/06/202330/06/2023DutchPDF
Micro model31/12/202107/06/202230/06/2022DutchPDF
Micro model31/12/202007/06/202130/06/2021DutchPDF
Abridged model31/12/201902/06/202030/06/2020DutchPDF
Micro model31/12/201803/06/201930/08/2019DutchPDF
Micro model31/12/201704/06/201829/06/2018DutchPDF
Micro model31/12/201606/06/201730/08/2017DutchPDF
Abridged model31/12/201506/06/201629/08/2016DutchPDF
Abridged model31/12/201401/06/201528/08/2015DutchPDF
Abridged model31/12/201302/06/201427/08/2014DutchPDF
Abridged model31/12/201203/06/201330/09/2013FrenchPDF
Abridged model31/12/201104/06/201225/07/2012FrenchPDF
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 · 6 ended

Active mandates

Vincent De Wit

Manager · since 10 novembre 2010

Active

Ended mandates

Ronald Decroix

Manager · since 10 novembre 2010 · until 13 décembre 2013

Ended
Ronald Decroix

Manager · since 10 novembre 2010

Ended
Vincent De Wit

Director · since 10 novembre 2010

Ended
RONALD DECROIX

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/01/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office13/01/2014
    MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other26/11/2010
    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 2025114,2 k €↑
  2. 2024
    Annual accounts 202492 k €↓
  3. 2023
    Annual accounts 202396,1 k €↓
  4. 2022
    Annual accounts 2022117,4 k €↑
  5. 2021
    Annual accounts 2021116,8 k €↑
  6. 2019
    Annual accounts 201912,3 k €↑
  7. 2018
    Annual accounts 201811,1 k €↓
  8. 2017
    Annual accounts 201718,2 k €↓
  9. 2016
    Annual accounts 201631,6 k €↑
  10. 2015
    Annual accounts 2015-3 k €↓
  11. 2014
    Annual accounts 201414,5 k €↓
  12. 2013
    Annual accounts 201322,8 k €↑
  13. 2012
    Annual accounts 2012-16,2 k €↓
  14. 2011
    Annual accounts 201115,3 k €
  15. 17/11/2010
    IncorporationPrivate limited company