ACTIVE

EW MD

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Financial year 2025 · closed on 31/12/2025

Net result

155,9 k €

+31.0% YoY

Gross margin

244,9 k €

-6.2% YoY

Equity

1,1 M €

+16.3% YoY

What does EW MD do?

EW MD is a Private limited company incorporated in 2004. Its registered office is in Ittre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.388.945

Incorporation

23/09/2004

Legal form

Private limited company

Registered office

Rue de Bornival 8
1460 Ittre · WallonieSee on map

Contributed capital

14 260,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	244,9 k €	-6.2%	261,2 k €	-14.1%	304,1 k €	+37.6%	221 k €	+10.3%	200,3 k €	+4.6%	191,6 k €	-8.7%	209,9 k €	+4.6%	200,8 k €	+51.0%	133 k €	-22.4%	171,4 k €	-5.8%	181,9 k €	-1.6%	184,8 k €	+5.6%	175 k €	+23.4%	141,9 k €	-4.4%	148,4 k €	+34.0%	110,7 k €	+6.0%	104,4 k €	-17.1%	125,9 k €	+23.1%	102,3 k €	+48.3%	69 k €
EBITDA	242,9 k €	-6.4%	259,4 k €	-13.6%	300,3 k €	+37.8%	218 k €	+10.4%	197,5 k €	+4.6%	188,8 k €	-7.9%	204,9 k €	+3.4%	198,2 k €	+51.9%	130,4 k €	-22.6%	168,5 k €	-5.9%	179,1 k €	-2.1%	182,8 k €	+5.7%	173 k €	+23.6%	139,9 k €	-4.4%	146,3 k €	+34.4%	108,8 k €	+6.2%	102,5 k €	-17.4%	124,1 k €	+21.8%	101,9 k €	+48.4%	68,7 k €
Operating result	206,6 k €	-7.4%	223,2 k €	-15.4%	264 k €	+44.4%	182,8 k €	+12.2%	162,9 k €	+5.4%	154,5 k €	-4.4%	161,6 k €	+4.6%	154,5 k €	+81.7%	85 k €	-31.2%	123,6 k €	-8.8%	135,5 k €	-5.1%	142,7 k €	+8.0%	132,1 k €	+35.4%	97,6 k €	-4.8%	102,6 k €	+32.6%	77,3 k €	+19.5%	64,7 k €	-25.2%	86,6 k €	+791%	-12,5 k €	-120%	63 k €
Net result	155,9 k €	+31.0%	119 k €	-47.8%	228,1 k €	+80.3%	126,6 k €	+14.5%	110,5 k €	-24.1%	145,5 k €	+40.8%	103,4 k €	+20.3%	86 k €	+107%	41,4 k €	-37.8%	66,6 k €	+5.7%	63 k €	-25.9%	85,1 k €	+14.3%	74,5 k €	+62.3%	45,9 k €	-19.4%	56,9 k €	+56.6%	36,4 k €	+21.4%	29,9 k €	-33.8%	45,2 k €	+518%	-10,8 k €	-124%	45,1 k €
Balance sheet
Equity	1,1 M €	+16.3%	953,3 k €	+14.3%	834,3 k €	-20.9%	1,1 M €	+13.6%	928,2 k €	+13.5%	817,7 k €	+21.7%	672,1 k €	+18.2%	568,7 k €	+17.8%	482,7 k €	+9.4%	441,3 k €	+17.8%	374,7 k €	+20.2%	311,7 k €	+37.6%	226,4 k €	+49.0%	152 k €	+40.2%	108,4 k €	+111%	51,4 k €	-70.6%	175,1 k €	+20.6%	145,1 k €	+45.3%	99,9 k €	-9.8%	110,7 k €
Total assets	1,5 M €	+8.3%	1,4 M €	+7.8%	1,3 M €	+11.7%	1,2 M €	+7.2%	1,1 M €	+0.6%	1,1 M €	+13.9%	947 k €	+7.4%	881,7 k €	+1.3%	870 k €	+2.1%	851,8 k €	-3.8%	885,9 k €	+4.8%	845 k €	+15.5%	731,4 k €	-2.1%	747,3 k €	+1.0%	740 k €	+8.4%	682,8 k €	-16.4%	816,8 k €	+6.0%	770,2 k €	+2.6%	750,7 k €	+526%	119,9 k €
Cash	155,9 k €	-56.8%	361,1 k €	+8.6%	332,4 k €	-56.6%	766,5 k €	-1.6%	779,1 k €	-13.0%	895,4 k €	+203%	295,8 k €	+55.2%	190,5 k €	+36.5%	139,6 k €	+92.1%	72,6 k €	+18.3%	61,4 k €	-75.8%	253,7 k €	+152%	100,7 k €	+37.0%	73,5 k €	-69.4%	240,4 k €	+21.0%	198,6 k €	-31.3%	289,2 k €	+40.2%	206,3 k €	+172%	75,8 k €	+86.9%	40,6 k €
Debts	388,8 k €	-9.1%	428 k €	-7.6%	463,3 k €	+331%	107,5 k €	-31.2%	156,3 k €	-40.0%	260,7 k €	-3.8%	270,9 k €	-13.4%	312,9 k €	-19.2%	387,2 k €	-5.7%	410,5 k €	-19.7%	511,2 k €	-4.2%	533,4 k €	+5.7%	504,8 k €	-14.5%	590,6 k €	-6.5%	631,6 k €	+0.0%	631,4 k €	-1.6%	641,7 k €	+2.7%	625,1 k €	-3.9%	650,8 k €	+6952%	9,2 k €

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 · 1 active · 3 ended

Active mandates

Edo WIJTENBURG

Director

Active

Ended mandates

Edo Wijtenbenburg

Manager

Ended

Edo WIJTENBURG

Manager

Ended

Edo WIJTENBURG Edo

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	13/07/2026	25/08/2025	30/08/2024	14/08/2023	18/08/2022	26/08/2021
General meeting	25/06/2026	26/06/2025	01/06/2024	01/06/2023	01/06/2022	01/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/06/2026	13/07/2026	French	PDF
Micro model	31/12/2024	26/06/2025	25/08/2025	French	PDF
Micro model	31/12/2023	01/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	01/06/2023	14/08/2023	French	PDF
Micro model	31/12/2021	01/06/2022	18/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	26/08/2021	French	PDF
Micro model	31/12/2019	02/06/2020	30/10/2020	French	PDF
Micro model	31/12/2018	30/06/2019	05/08/2019	French	PDF
Micro model	31/12/2017	31/07/2018	09/08/2018	French	PDF
Micro model	31/12/2016	01/06/2017	09/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	12/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	19/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	31/10/2008	12/11/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	18/06/2007	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 · 1 active · 3 ended

Active mandates

Edo WIJTENBURG

Director

Active

Ended mandates

Edo Wijtenbenburg

Manager

Ended

Edo WIJTENBURG

Manager

Ended

Edo WIJTENBURG Edo

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates20/02/2008
DENOMINATION - SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other13/12/2004
DIVERS
PDF
Other01/10/2004
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

2025
Annual accounts 2025155,9 k €↑
2024
Annual accounts 2024119 k €↓
2023
Annual accounts 2023228,1 k €↑
2022
Annual accounts 2022126,6 k €↑
2021
Annual accounts 2021110,5 k €↓
2020
Annual accounts 2020145,5 k €↑
2019
Annual accounts 2019103,4 k €↑
2018
Annual accounts 201886 k €↑
2017
Annual accounts 201741,4 k €↓
2016
Annual accounts 201666,6 k €↑
2015
Annual accounts 201563 k €↓
2014
Annual accounts 201485,1 k €↑
2013
Annual accounts 201374,5 k €↑
2012
Annual accounts 201245,9 k €↓
2011
Annual accounts 201156,9 k €↑
2010
Annual accounts 201036,4 k €↑
2009
Annual accounts 200929,9 k €↓
2008
Annual accounts 200845,2 k €↑
2007
Annual accounts 2007-10,8 k €↓
2006
Annual accounts 200645,1 k €
23/09/2004
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

EW MD

Overview

What does EW MD do?

Trend over 20 financial years

Indicative valuation

Board of directors

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