ACTIVE

M&M De Waele

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Financial year 2025 · closed on 31/12/2025

Net result

271,7 k €

-36.1% YoY

Gross margin

5,5 M €

+4.4% YoY

Equity

926,8 k €

-0.6% YoY

Workforce

121,3 ETP

+58.1% YoY

What does M&M De Waele do?

M&M De Waele is a Private limited company incorporated in 2003. Its main activity is: Taxi operation. Its registered office is in Lochristi. It employs on average 121,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.242.007

Incorporation

17/12/2003

Legal form

Private limited company

Registered office

Walderdonk 91A
9185 Lochristi · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

121,3 ETP

Activities (NACE)

49320Taxi operation· main 49330Other passenger land transport 60220Television programming and broadcasting activities 86903Other human health activities 86920Other human health activities 49410Freight transport by road+2

Joint committees (3)

218
33004
330206

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	5,5 M €	+4.4%	5,3 M €	+36.4%	3,9 M €	+54.6%	2,5 M €	+9.4%	2,3 M €	+9.7%	2,1 M €	+1.2%	2,1 M €	+42.9%	1,4 M €	+21.2%	1,2 M €	+19.5%	992,3 k €	+9.2%	909,1 k €	+54.6%	588,2 k €	+32.5%	444 k €	+60.4%	276,7 k €	+48.8%	185,9 k €	+12.7%	164,9 k €	+126%	73,1 k €	+40.4%	52,1 k €	-2.6%	53,5 k €
EBITDA	924,9 k €	-18.3%	1,1 M €	+13.5%	997,5 k €	+208%	323,9 k €	+0.2%	323,1 k €	+52.9%	211,3 k €	-38.9%	346 k €	+5.9%	326,8 k €	+45.7%	224,4 k €	-2.8%	230,8 k €	-12.7%	264,3 k €	+48.0%	178,6 k €	+17.3%	152,2 k €	+107%	73,7 k €	+12.3%	65,6 k €	+14.7%	57,2 k €	+0.2%	57,1 k €	+132%	24,6 k €	+15.5%	21,3 k €
Operating result	341,1 k €	-43.2%	600,7 k €	-4.0%	625,9 k €	+539%	97,9 k €	-6.7%	104,9 k €	+140%	43,7 k €	-70.3%	147,1 k €	-3.7%	152,7 k €	+253%	43,3 k €	-35.3%	66,9 k €	-50.2%	134,4 k €	+65.2%	81,4 k €	+6.2%	76,7 k €	+145%	31,3 k €	-13.2%	36,1 k €	+18.4%	30,5 k €	-1.6%	31 k €	+132%	13,3 k €	+6.4%	12,5 k €
Net result	271,7 k €	-36.1%	425,3 k €	-19.3%	526,7 k €	+586%	76,8 k €	-6.1%	81,8 k €	+144%	33,5 k €	-64.0%	93,1 k €	-6.2%	99,3 k €	+553%	15,2 k €	-54.1%	33,1 k €	-28.2%	46,1 k €	+50.3%	30,7 k €	-43.4%	54,2 k €	+249%	15,5 k €	-29.6%	22,1 k €	+24.9%	17,7 k €	-30.3%	25,4 k €	+135%	10,8 k €	+31.9%	8,2 k €
Balance sheet
Equity	926,8 k €	-0.6%	932,2 k €	+10.9%	840,5 k €	+26.6%	663,9 k €	+13.1%	587,1 k €	+16.2%	505,3 k €	+7.1%	471,8 k €	+24.6%	378,7 k €	+35.5%	279,4 k €	+5.8%	264,2 k €	+14.3%	231,1 k €	+24.9%	185 k €	+19.9%	154,4 k €	+34.0%	115,2 k €	+15.6%	99,6 k €	+17.2%	85 k €	+26.3%	67,3 k €	+29.6%	52 k €	+17.6%	44,2 k €
Total assets	3,6 M €	+21.9%	3 M €	+6.2%	2,8 M €	+57.4%	1,8 M €	+10.6%	1,6 M €	-1.3%	1,6 M €	+16.0%	1,4 M €	+27.5%	1,1 M €	+17.6%	933,8 k €	+12.0%	833,7 k €	+54.2%	540,7 k €	+20.6%	448,4 k €	+32.8%	337,5 k €	+59.2%	212 k €	+24.0%	171 k €	+10.8%	154,4 k €	-8.3%	168,4 k €	+81.6%	92,7 k €	+52.9%	60,6 k €
Cash	401,5 k €	-48.8%	784,2 k €	-16.4%	938 k €	+126%	414,4 k €	+22.7%	337,8 k €	+40.1%	241,1 k €	+6.4%	226,6 k €	+26.5%	179,1 k €	+15.4%	155,2 k €	-2.1%	158,6 k €	-2.8%	163 k €	+10.6%	147,4 k €	+62.3%	90,8 k €	+106%	44,2 k €	-13.4%	51 k €	+12.5%	45,3 k €	+39.2%	32,5 k €	-17.8%	39,6 k €	+6628%	588,2 €
Debts	2,7 M €	+32.1%	2 M €	+6.2%	1,9 M €	+73.4%	1,1 M €	+8.2%	1 M €	-9.3%	1,1 M €	+37.5%	812,9 k €	+13.1%	718,5 k €	+9.8%	654,4 k €	+15.0%	569,1 k €	+83.8%	309,6 k €	+17.6%	263,4 k €	+43.8%	183,2 k €	+89.2%	96,8 k €	+36.5%	70,9 k €	+2.2%	69,4 k €	-31.4%	101,1 k €	+151%	40,2 k €	+144%	16,5 k €
Other
Workforce	121,3 ETP	+58.1%	76,7 ETP	+21.0%	63,4 ETP	+33.5%	47,5 ETP	-6.3%	50,7 ETP	+9.0%	46,5 ETP	+31.7%	35,3 ETP		–		19,9 ETP	-2.0%	20,3 ETP	+25.3%	16,2 ETP	+45.9%	11,1 ETP	+26.1%	8,8 ETP	+54.4%	5,7 ETP	+90.0%	3,0 ETP	+20.0%	2,5 ETP	+1150%	0,2 ETP	-71.4%	0,7 ETP	-30.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

TDW

Director · since 01 janvier 2022 · 0458.979.056

Represented by De WAELE THIERRY

Active

Ended mandates

Thierry De Waele

Director · since 01 janvier 2013

Ended

Thierry De Waele

Manager · since 01 janvier 2013

Ended

Dominique Verhoeven

Manager · since 28 février 2005

Ended

Thierry De Waele

Manager · since 01 janvier 2004

Ended

At this address

Other companies at this address

Company	CBE no.
AUTOPARTS PLUS COPPENS● Bankrupt	0454.576.939
GROEP M & M DE WAELE● Active	0795.094.251

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	09/04/2026	26/08/2025	07/06/2024	28/09/2023	17/11/2022	18/10/2021
General meeting	01/04/2026	30/06/2025	30/05/2024	30/06/2023	30/06/2022	18/10/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/04/2026	09/04/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	26/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	07/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	28/09/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	17/11/2022	Dutch	PDF
Abridged model	31/12/2020	18/10/2021	18/10/2021	Dutch	PDF
Abridged model	31/12/2019	01/04/2020	06/08/2020	Dutch	PDF
Abridged model	31/12/2018	03/04/2019	30/12/2019	Dutch	PDF
Abridged model	31/12/2017	04/04/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	05/04/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/04/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	01/04/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/04/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/04/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/04/2012	10/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/04/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/04/2010	18/05/2010	Dutch	PDF
Abridged model	31/12/2008	01/04/2009	18/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/04/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

TDW

Director · since 01 janvier 2022 · 0458.979.056

Represented by De WAELE THIERRY

Active

Ended mandates

Thierry De Waele

Director · since 01 janvier 2013

Ended

Thierry De Waele

Manager · since 01 janvier 2013

Ended

Dominique Verhoeven

Manager · since 28 février 2005

Ended

Thierry De Waele

Manager · since 01 janvier 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2020
WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office31/12/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/06/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2013
ONTSLAGEN - BENOEMINGEN
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 2025271,7 k €↓
2024
Annual accounts 2024425,3 k €↓
2023
Annual accounts 2023526,7 k €↑
2022
Annual accounts 202276,8 k €↓
2021
Annual accounts 202181,8 k €↑
2020
Annual accounts 202033,5 k €↓
2019
Annual accounts 201993,1 k €↓
2018
Annual accounts 201899,3 k €↑
2017
Annual accounts 201715,2 k €↓
2016
Annual accounts 201633,1 k €↓
2015
Annual accounts 201546,1 k €↑
2014
Annual accounts 201430,7 k €↓
2013
Annual accounts 201354,2 k €↑
2012
Annual accounts 201215,5 k €↓
2011
Annual accounts 201122,1 k €↑
2010
Annual accounts 201017,7 k €↓
2009
Annual accounts 200925,4 k €↑
2008
Annual accounts 200810,8 k €↑
2007
Annual accounts 20078,2 k €
17/12/2003
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&M De Waele

Overview

What does M&M De Waele do?

Trend over 19 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