ACTIVE

MAN@THEWHEEL

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Financial year 2025 · closed on 31/12/2025

Net result

8 M €

-21.7% YoY

Revenue

713,7 k €

+11.0% YoY

Equity

188,5 M €

-29.1% YoY

Workforce

4,2 ETP

-10.6% YoY

What does MAN@THEWHEEL do?

MAN@THEWHEEL is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Lommel. It employs on average 4,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.999.955

Incorporation

30/08/2004

Legal form

Private limited company

Registered office

Beemdstraat 66
3920 Lommel · FlandreSee on map

Contributed capital

120 413 856,73 €

Latest accounts

31/12/2025

Average workforce

4,2 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 64200Activities of holding companies 64210Activities of holding companies

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	713,7 k €	+11.0%	642,8 k €	+14.5%	561,2 k €	+42.6%	393,6 k €	+20.8%	325,9 k €	+13.0%	288,3 k €	+1.8%	283,2 k €	-8.1%	308 k €	-6.1%	328,2 k €	+1.3%	324 k €	+1.6%	318,9 k €	+4.3%	305,6 k €	+2.7%	297,5 k €	+2.7%	289,7 k €	+14.4%	253,2 k €	+7.1%	236,5 k €		–		–		–		–
EBITDA	-1,6 M €	-65.4%	-957,4 k €	-9.4%	-874,8 k €	-52.8%	-572,6 k €	-43.0%	-400,5 k €	-23.5%	-324,4 k €	+2.7%	-333,4 k €	+22.8%	-432,1 k €	+12.7%	-495 k €	-59.1%	-311,2 k €	-243%	-90,9 k €	+40.2%	-151,8 k €	-124%	-67,9 k €	+16.7%	-81,5 k €	-1146%	7,8 k €	-17.7%	9,5 k €	-9.7%	10,5 k €	-33.9%	15,9 k €	-3.0%	16,4 k €	-97.9%	765,1 k €
Operating result	-1,7 M €	-58.5%	-1,1 M €	-11.1%	-968,1 k €	-51.6%	-638,7 k €	-39.8%	-456,7 k €	-20.7%	-378,3 k €	+0.8%	-381,2 k €	+11.8%	-432,1 k €	+12.7%	-495 k €	-59.1%	-311,2 k €	-243%	-90,9 k €	+40.2%	-151,8 k €	-124%	-67,9 k €	+16.7%	-81,5 k €	-1146%	7,8 k €	-17.7%	9,5 k €	+603%	-1,9 k €	-112%	15,9 k €	-3.0%	16,4 k €	-97.9%	765,1 k €
Net result	8 M €	-21.7%	10,3 M €	-21.0%	13 M €	+15.4%	11,2 M €	-40.0%	18,7 M €	+15764%	118,1 k €	-99.2%	15,7 M €	-33.0%	23,5 M €	+2036%	1,1 M €	+265%	301,2 k €	-57.5%	709,4 k €	+207%	230,9 k €	-61.6%	601,5 k €	+81.3%	331,8 k €	+1906%	16,5 k €	+172%	6,1 k €	+166%	-9,2 k €	-180%	11,5 k €	-20.7%	14,5 k €	-97.0%	488,2 k €
Balance sheet
Equity	188,5 M €	-29.1%	265,8 M €	+4.0%	255,5 M €	+1.5%	251,6 M €	+4.1%	241,8 M €	+8.4%	223,1 M €	+0.1%	222,9 M €	+7.6%	207,2 M €	+12.8%	183,7 M €	-17.5%	222,6 M €	+0.1%	222,3 M €	+0.3%	221,6 M €	-3.0%	228,4 M €	+0.3%	227,8 M €	+0.1%	227,4 M €	+0.0%	227,4 M €	+0.0%	227,4 M €	+533212%	42,6 k €	+37.0%	31,1 k €	+87.6%	16,6 k €
Total assets	259,1 M €	-9.6%	286,7 M €	+3.3%	277,4 M €	+2.6%	270,4 M €	+5.3%	256,8 M €	+7.6%	238,6 M €	+0.7%	236,9 M €	+4.2%	227,4 M €	-11.5%	256,9 M €	-8.2%	279,8 M €	+4.1%	268,8 M €	+2.0%	263,6 M €	+0.0%	263,6 M €	+2.2%	257,9 M €	+5.8%	243,8 M €	+7.2%	227,5 M €	+0.0%	227,4 M €	+525636%	43,3 k €	-85.7%	302,2 k €	-61.6%	787 k €
Cash	2,3 M €	+42.3%	1,6 M €	+87.1%	848,7 k €	-93.3%	12,7 M €	+31.1%	9,7 M €	-32.4%	14,3 M €	-30.3%	20,5 M €	+101%	10,2 M €	-47.4%	19,3 M €	+27.3%	15,2 M €	+72.3%	8,8 M €	+51.1%	5,8 M €	-49.9%	11,7 M €	+78.5%	6,5 M €	+7243%	88,9 k €	+266%	24,3 k €	+855%	2,5 k €	-83.7%	15,5 k €	+38.8%	11,2 k €	+21.5%	9,2 k €
Debts	66,4 M €	+299%	16,7 M €	-16.5%	19,9 M €	+18.5%	16,8 M €	+29.3%	13 M €	-1.1%	13,1 M €	+9.0%	12,1 M €	-38.8%	19,7 M €	-72.9%	72,7 M €	+27.1%	57,2 M €	+23.0%	46,5 M €	+10.7%	42 M €	+19.4%	35,2 M €	+16.8%	30,1 M €	+84.3%	16,4 M €	+32703%	49,8 k €	+286%	12,9 k €	+1996%	616,8 €	-99.8%	269,9 k €	-64.9%	769,8 k €
Other
Workforce	4,2 ETP	-10.6%	4,7 ETP	-6.0%	5,0 ETP	+31.6%	3,8 ETP	+2.7%	3,7 ETP	+19.4%	3,1 ETP	0.0%	3,1 ETP	+3.3%	3,0 ETP	-11.8%	3,4 ETP	0.0%	3,4 ETP	0.0%	3,4 ETP	+3.0%	3,3 ETP	0.0%	3,3 ETP	+3.1%	3,2 ETP	0.0%	3,2 ETP	+18.5%	2,7 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 12 ended

Active mandates

Ann Essers

Director · until 09 février 2026

Active

Hilde Essers

Director

Active

Noël Essers

Statutair Bestuurder

Active

Ended mandates

Ann ESSERS

Manager · since 01 mai 2016

Ended

Hilde ESSERS

Manager · since 01 mai 2016

Ended

TESS

Manager · since 25 juin 2015 · 0819.269.720

Represented by Hilde Essers

Ended

Ann Essers

Director

Ended

At this address

Other companies at this address

Company	CBE no.
ENEX● Active	0428.702.584
GUST● Active	0725.482.794
LOOMESS● Active	0829.571.120
Man@TheWheel Pillar II● Active	1013.466.094

Annual accounts

Full financial information

	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	10/08/2026	23/07/2025	24/07/2024	27/07/2023	07/07/2022	02/07/2021
General meeting	30/06/2026	26/06/2025	27/06/2024	22/06/2023	23/06/2022	24/06/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	10/08/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	23/07/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	24/07/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	27/07/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	02/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	24/09/2020	29/09/2020	Dutch	PDF
Full model	31/12/2019	25/06/2020	14/07/2020	Dutch	PDF
Full modelCorrection	31/12/2018	24/09/2020	29/09/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	26/07/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	22/06/2017	25/07/2017	Dutch	PDF
Full model	31/12/2015	23/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	06/07/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	23/07/2014	Dutch	PDF
Full model	31/12/2012	27/06/2013	17/08/2013	Dutch	PDF
Full model	31/12/2011	28/06/2012	06/08/2012	Dutch	PDF
Full model	31/12/2010	23/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	22/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 3 active · 12 ended

Active mandates

Ann Essers

Director · until 09 février 2026

Active

Hilde Essers

Director

Active

Noël Essers

Statutair Bestuurder

Active

Ended mandates

Ann ESSERS

Manager · since 01 mai 2016

Ended

Hilde ESSERS

Manager · since 01 mai 2016

Ended

TESS

Manager · since 25 juin 2015 · 0819.269.720

Represented by Hilde Essers

Ended

Ann Essers

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/01/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares19/12/2025
KAPITAAL - AANDELEN
PDF
Restructuring07/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/11/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2015
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 20258 M €↓
17/12/2025
reduction_capital
17/12/2025
splitStichting Administratiekantoor Brutus
17/12/2025
apportStichting Administratiekantoor Brutus
17/12/2025
constitutionStichting Administratiekantoor Brutus — founder
2024
Annual accounts 202410,3 M €↓
2023
Annual accounts 202313 M €↑
2022
Annual accounts 202211,2 M €↓
2021
Annual accounts 202118,7 M €↑
2020
Annual accounts 2020118,1 k €↓
2019
Annual accounts 201915,7 M €↓
2018
Annual accounts 201823,5 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016301,2 k €↓
2015
Annual accounts 2015709,4 k €↑
2014
Annual accounts 2014230,9 k €↓
2013
Annual accounts 2013601,5 k €↑
2012
Annual accounts 2012331,8 k €↑
2011
Annual accounts 201116,5 k €↑
2010
Annual accounts 20106,1 k €↑
2009
Annual accounts 2009-9,2 k €↓
2008
Annual accounts 200811,5 k €↓
2007
Annual accounts 200714,5 k €↓
2006
Annual accounts 2006488,2 k €
30/08/2004
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

MAN@THEWHEEL

Overview

What does MAN@THEWHEEL do?

Trend over 20 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