ACTIVE

M-SQUARE CERTIFICATES

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Financial year 2025 · Closed on 31/12/2025

Net result17,6 k €+1,9 %over 1 year

Revenue1,3 M €+3,2 %over 1 year

Equity263,7 k €+7,1 %over 1 year

Identity

Source · BCE/KBO

M-SQUARE CERTIFICATES is a Public limited company incorporated in 2012. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0846.825.044
Incorporation: 25/06/2012
Legal form: Public limited company
Registered office: Rue Guimard 18
1040 Bruxelles · BruxellesSee on map
Contributed capital: 200 000,00 €
Latest accounts: 31/12/2025

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 14 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	1,3 M €	+3.2%	1,2 M €	+1.3%	1,2 M €	+10.6%	1,1 M €	+5.1%	1,1 M €
EBITDA	1,2 M €	+3.4%	1,1 M €	+2.4%	1,1 M €	+9.6%	999,5 k €	+6.1%	942 k €
Operating result	608,7 k €	+6.6%	570,9 k €	+4.7%	545,1 k €	+21.4%	449,1 k €	+14.7%	391,6 k €
Net result	17,6 k €	+1.9%	17,3 k €	+3.1%	16,7 k €	-6.2%	17,8 k €	-6.5%	19,1 k €
Balance sheet
Equity	263,7 k €	+7.1%	246,2 k €	+7.5%	228,9 k €	+7.9%	212,2 k €	+9.2%	194,3 k €
Total assets	19,3 M €	-2.6%	19,9 M €	-2.5%	20,4 M €	-2.1%	20,8 M €	-2.3%	21,3 M €
Cash	1,4 M €	+3.9%	1,3 M €	+22.7%	1,1 M €	+2.3%	1,1 M €	-1.3%	1,1 M €
Debts	19,1 M €	-2.7%	19,6 M €	-2.6%	20,1 M €	-2.2%	20,6 M €	-2.4%	21,1 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PEETERS GAETAN	Director15/05/2024 → 29/03/2027
INVEST FOR JOBS0644.590.437Represented by Steven Adons	Director19/11/2019 → 29/03/2027
Kim Mario CRETEN	Director20/12/2017 → 29/03/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GAETAN PEETERS0464.759.662Represented by Gaetan PEETERS	Director20/12/2017 → 2024 accounts
Akbar SOLTANINASSAB	Director20/12/2017 → 2020 accounts

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I.I., SICAV INSTITUTIONNELLE DE DROIT BELGE● Active	0463.344.650
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	07/04/2026	04/04/2025	03/04/2024	30/03/2023	31/01/2023	01/04/2021
General meeting	31/03/2026	25/03/2025	26/03/2024	28/03/2023	29/03/2022	30/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	31/03/2026	07/04/2026	French	PDF
Full model	31/12/2024	25/03/2025	04/04/2025	French	PDF
Full model	31/12/2023	26/03/2024	03/04/2024	French	PDF
Full model	31/12/2022	28/03/2023	30/03/2023	French	PDF
Full modelCorrection	31/12/2021	29/03/2022	31/01/2023	French	PDF
Full model	31/12/2021	29/03/2022	12/04/2022	French	PDF
Full model	31/12/2020	30/03/2021	01/04/2021	French	PDF
Full model	31/12/2019	31/03/2020	03/04/2020	French	PDF
Full model	31/12/2018	26/03/2019	27/03/2019	French	PDF
Full model	31/12/2017	27/03/2018	16/04/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	19/06/2017	French	PDF
Full model	31/12/2015	25/05/2016	07/06/2016	French	PDF
Full model	31/12/2014	27/05/2015	08/06/2015	French	PDF
Full model	31/12/2013	28/05/2014	25/06/2014	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PEETERS GAETAN	Director15/05/2024 → 29/03/2027
INVEST FOR JOBS0644.590.437Represented by Steven Adons	Director19/11/2019 → 29/03/2027
Kim Mario CRETEN	Director20/12/2017 → 29/03/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GAETAN PEETERS0464.759.662Represented by Gaetan PEETERS	Director20/12/2017 → 2024 accounts
Akbar SOLTANINASSAB	Director20/12/2017 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2025
DEMISSIONS, NOMINATIONS
PDF
Other25/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates29/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2019
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

PEETERS GAETAN

INVEST FOR JOBS

Kim Mario CRETEN

GAETAN PEETERS

Akbar SOLTANINASSAB

DOMEIN MUNKEBOSSEN

TEDECO

FREDERIC MASIL

2012201320142015201620172018201920202021202220232024202520262027

M-SQUARE CERTIFICATES

Rue Guimard 18, 1040 Etterbeek

Director

Chairman of the board of directors

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Guimard 18, 1040 EtterbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00073104

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
M-SQUARE CERTIFICATESCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00073104

Events

2025
Annual accounts 202517,6 k €↑
2024
Annual accounts 202417,3 k €↑
2023
Annual accounts 202316,7 k €↓
2022
Annual accounts 202217,8 k €↓
2021
Annual accounts 202119,1 k €↑
2020
Annual accounts 202018,8 k €↑
2019
Annual accounts 201910,5 k €↑
2018
Annual accounts 2018-52,1 k €↓
2017
Annual accounts 2017-3,5 k €↓
2016
Annual accounts 2016-1,4 k €↑
2015
Annual accounts 2015-1,9 k €↓
2014
Annual accounts 201485,3 k €↑
2013
Annual accounts 2013-12,4 k €
25/06/2012
IncorporationPublic limited company

M-SQUARE CERTIFICATES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events