ACTIVE

MDO GROUP

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Financial year 2025 · closed on 31/12/2025
Net result
252,5 k €
+23.3% YoY
Gross margin
734,1 k €
-15.3% YoY
Equity
1,1 M €
+6.3% YoY
Workforce
4,8 ETP
-7.7% YoY

What does MDO GROUP do?

MDO GROUP is a Private limited company incorporated in 2004. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Zottegem. It employs on average 4,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0867.447.343
Incorporation
27/09/2004
Legal form
Private limited company
Registered office
Ballingsweg 9
9620 Zottegem · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Average workforce
4,8 ETP
Activities (NACE)
25110Manufacture of metal structures and parts of structures· main25110Manufacture of metal structures and parts of structures28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines46649Wholesale of machinery for the textile industry and of sewing and knitting machines46699Wholesale of other machinery and equipment51872Air transport+3
Joint committees (4)
  • 111
  • 11102
  • 209
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212019201820172016201520142013201220112010200920082007
Income statement
Gross margin734,1 k €866,6 k €857,3 k €821,7 k €779,1 k €2 M €1,8 M €1,2 M €1,1 M €920,4 k €701,1 k €590,1 k €526,1 k €548,1 k €565,9 k €444,4 k €393,4 k €300,7 k €
EBITDA313,8 k €431,7 k €512,1 k €455,8 k €349,6 k €562,6 k €331,6 k €249,5 k €377,5 k €245,3 k €103,2 k €70,7 k €65,1 k €49,7 k €29,8 k €17,7 k €38,2 k €29,4 k €
Operating result166,6 k €244,1 k €331,2 k €252,3 k €118,4 k €307,4 k €90,9 k €109,7 k €224,4 k €223,9 k €79,6 k €53,9 k €46,2 k €33,8 k €18,8 k €1,6 k €13,5 k €-3,3 k €
Net result252,5 k €204,8 k €240,2 k €139,5 k €30 k €150,8 k €4,4 k €59,7 k €127,3 k €141,1 k €39,5 k €26,3 k €20 k €561 €5,4 k €423,5 €1 k €151,2 €
Balance sheet
Equity1,1 M €998,8 k €984 k €933,7 k €974,3 k €588,5 k €437,6 k €433,3 k €373,6 k €246,3 k €105,2 k €65,8 k €39,5 k €19,4 k €18,9 k €13,4 k €13 k €12 k €
Total assets3,2 M €3,3 M €3,7 M €3,7 M €4 M €3,9 M €3,6 M €3,5 M €2 M €833,4 k €544,7 k €350,3 k €276,7 k €262,6 k €239,4 k €202,8 k €204,9 k €169,2 k €
Cash124,8 k €126,4 k €104,3 k €50,5 k €1,2 k €474,8 k €126,5 k €827,4 k €305,8 k €97,3 k €–56,1 k €25,2 k €111,2 €561,2 €41,7 k €42,4 k €32,1 k €
Debts2 M €2,3 M €2,7 M €2,8 M €3 M €3,3 M €3,1 M €3,1 M €1,6 M €587,1 k €439,5 k €284,5 k €237,3 k €243,2 k €220,5 k €189,4 k €191,9 k €157,2 k €
Other
Workforce4,8 ETP5,2 ETP4,2 ETP4,5 ETP6,2 ETP26,5 ETP27,2 ETP18,7 ETP13,0 ETP13,4 ETP11,6 ETP10,7 ETP10,3 ETP10,3 ETP12,6 ETP11,8 ETP10,6 ETP7,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

EWS SOLUTIONS

Director · 0664.649.542

Represented by Ewout Speecke

Active
Hermes Solutions

Director · 0719.665.467

Represented by Speecke SANDER

Active

Ended mandates

EWS SOLUTIONS

Director · since 09 mai 2019 · 0664.649.542

Represented by Speecke Ewout

Ended
Hermes Solutions

Director · since 09 mai 2019 · 0719.665.467

Represented by Speecke Sander

Ended
HEUFKEN

Director · since 09 mai 2019 · 0883.205.388

Represented by Speecke Peter

Ended
EWS SOLUTIONS

Manager · since 19 octobre 2016 · 0664.649.542

Represented by Ewout Speecke

Ended
At this address

Other companies at this address

CompanyCBE no.
BTW EENHEID MDO● Active
0761.486.226
EWS SOLUTIONS● Active
0664.649.542
MDO Move● Active
0690.741.453
MDO Technics Belgium● Active
0751.628.650
MDO Utilities● Active
0737.966.694
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/10/2020
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 months3 months
Filing date18/05/202619/05/202521/05/202430/05/202314/06/202230/06/2021
General meeting16/05/202617/05/202518/05/202420/05/202321/05/202231/05/2021
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/05/202618/05/2026DutchPDF
Abridged model31/12/202417/05/202519/05/2025DutchPDF
Abridged model31/12/202318/05/202421/05/2024DutchPDF
Abridged model31/12/202220/05/202330/05/2023DutchPDF
Abridged model31/12/202121/05/202214/06/2022DutchPDF
Abridged model31/12/202031/05/202130/06/2021DutchPDF
Abridged model30/09/202013/03/202119/03/2021DutchPDF
Abridged model30/09/201914/03/202022/04/2020DutchPDF
Abridged model30/09/201811/03/201924/04/2019DutchPDF
Abridged model30/09/201710/03/201804/06/2018DutchPDF
Abridged model30/09/201611/03/201716/03/2017DutchPDF
Abridged model30/09/201512/03/201623/03/2016DutchPDF
Abridged model30/09/201414/03/201527/03/2015DutchPDF
Abridged model30/09/201308/03/201416/04/2014DutchPDF
Abridged model30/09/201209/03/201304/04/2013DutchPDF
Abridged model30/09/201110/03/201219/03/2012DutchPDF
Abridged model30/09/201012/03/201129/03/2011DutchPDF
Abridged model30/09/200913/03/201006/04/2010DutchPDF
Abridged model30/09/200814/03/200931/03/2009DutchPDF
Abridged model30/09/200708/03/200804/04/2008DutchPDF
Abridged model30/09/200610/03/200728/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 12 ended

Active mandates

EWS SOLUTIONS

Director · 0664.649.542

Represented by Ewout Speecke

Active
Hermes Solutions

Director · 0719.665.467

Represented by Speecke SANDER

Active

Ended mandates

EWS SOLUTIONS

Director · since 09 mai 2019 · 0664.649.542

Represented by Speecke Ewout

Ended
Hermes Solutions

Director · since 09 mai 2019 · 0719.665.467

Represented by Speecke Sander

Ended
HEUFKEN

Director · since 09 mai 2019 · 0883.205.388

Represented by Speecke Peter

Ended
EWS SOLUTIONS

Manager · since 19 octobre 2016 · 0664.649.542

Represented by Ewout Speecke

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/12/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates15/05/2019
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/03/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/05/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/11/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/10/2006
    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

Timeline

  1. 2025
    Annual accounts 2025252,5 k €↑
  2. 2024
    Annual accounts 2024204,8 k €↓
  3. 2023
    Annual accounts 2023240,2 k €↑
  4. 2022
    Annual accounts 2022139,5 k €↑
  5. 2021
    Annual accounts 202130 k €↓
  6. 2019
    Annual accounts 2019150,8 k €↑
  7. 2018
    Annual accounts 20184,4 k €↓
  8. 2017
    Annual accounts 201759,7 k €↓
  9. 2016
    Annual accounts 2016127,3 k €↓
  10. 2015
    Annual accounts 2015141,1 k €↑
  11. 2014
    Annual accounts 201439,5 k €↑
  12. 2013
    Annual accounts 201326,3 k €↑
  13. 2012
    Annual accounts 201220 k €↑
  14. 2011
    Annual accounts 2011561 €↓
  15. 2010
    Annual accounts 20105,4 k €↑
  16. 2009
    Annual accounts 2009423,5 €↓
  17. 2008
    Annual accounts 20081 k €↑
  18. 2007
    Annual accounts 2007151,2 €
  19. 27/09/2004
    IncorporationPrivate limited company