ACTIVE

MARKET EXECUTION

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Financial year 2025 · closed on 31/12/2025

Net result

19,9 k €

+375.5% YoY

Gross margin

36,7 k €

+36.8% YoY

Equity

437,5 k €

+4.8% YoY

What does MARKET EXECUTION do?

MARKET EXECUTION is a Private limited company incorporated in 2004. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.739.108

Incorporation

22/12/2004

Legal form

Private limited company

Registered office

Rue Picard 7 box 100
1000 Bruxelles · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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
Gross margin	36,7 k €	+36.8%	26,9 k €	-1.4%	27,3 k €	+21.9%	22,4 k €	-36.6%	35,3 k €	+638%	4,8 k €	-70.2%	16 k €	-57.7%	37,8 k €	+39.8%	27,1 k €	-21.2%	34,3 k €	+166%	12,9 k €	-60.8%	32,9 k €	-51.6%	68 k €	-25.8%	91,7 k €	-47.5%	174,6 k €	+83.8%	95 k €	-25.8%	128 k €	+103%	63 k €	-36.6%	99,3 k €	+40.8%	70,5 k €
EBITDA	31,9 k €	+61.7%	19,7 k €	-23.1%	25,6 k €	+22.8%	20,9 k €	-38.5%	33,9 k €	+713%	4,2 k €	-72.7%	15,3 k €	-58.4%	36,7 k €	+43.3%	25,6 k €	-25.4%	34,3 k €	+168%	12,8 k €	-59.5%	31,6 k €	-50.8%	64,2 k €	-29.5%	91 k €	-47.3%	172,6 k €	+87.1%	92,2 k €	-27.0%	126,3 k €	+118%	58 k €	-40.4%	97,3 k €	+41.4%	68,8 k €
Operating result	31,9 k €	+3478%	891 €	-90.2%	9,1 k €	+59.0%	5,7 k €	-69.7%	18,9 k €	+274%	-10,9 k €	-4406%	252,4 €	-98.8%	21,7 k €	+105%	10,6 k €	-33.4%	15,9 k €	+257%	-10,1 k €	-223%	8,2 k €	-79.5%	40,1 k €	-38.2%	64,9 k €	-55.1%	144,6 k €	+134%	61,7 k €	-32.5%	91,4 k €	+249%	26,2 k €	-57.2%	61,2 k €	+815%	-8,6 k €
Net result	19,9 k €	+375%	-7,2 k €	-150%	14,6 k €	+5.9%	13,8 k €	+36.0%	10,1 k €	+943%	-1,2 k €	-114%	8,8 k €	-64.0%	24,4 k €	+55.8%	15,7 k €	-27.4%	21,6 k €	+230%	-16,6 k €	-4991%	-325,7 €	-101%	22,1 k €	-62.4%	58,8 k €	-38.1%	94,9 k €	+119%	43,3 k €	-30.1%	61,9 k €	+231%	18,7 k €	-31.7%	27,4 k €	+249%	-18,4 k €
Balance sheet
Equity	437,5 k €	+4.8%	417,6 k €	-1.7%	424,8 k €	+3.6%	410,2 k €	+3.5%	396,4 k €	+2.6%	386,3 k €	-0.3%	387,5 k €	+2.3%	378,7 k €	+6.9%	354,3 k €	+4.6%	338,7 k €	+6.8%	317,1 k €	-5.0%	333,7 k €	-0.1%	334 k €	+7.1%	311,9 k €	+23.2%	253,1 k €	+60.0%	158,2 k €	+37.6%	114,9 k €	+117%	53 k €	+54.4%	34,3 k €	+393%	7 k €
Total assets	464 k €	-38.3%	751,8 k €	-5.5%	795,7 k €	-0.0%	796 k €	-2.9%	820,1 k €	-0.1%	821,3 k €	-1.3%	832 k €	-2.5%	853,1 k €	+0.4%	850 k €	-1.8%	865,1 k €	-0.7%	870,8 k €	-3.2%	899,6 k €	-3.5%	932,5 k €	-13.0%	1,1 M €	+14.7%	934,6 k €	+9.6%	852,4 k €	+0.5%	848,5 k €	+8.4%	782,9 k €	+7.8%	726,3 k €	+46.8%	494,6 k €
Cash	379,2 €	-56.0%	861,1 €	+10.9%	776,8 €	-15.0%	914 €	+2974%	29,7 €	+39.4%	21,3 €	0.0%	21,3 €	-86.0%	152,8 €	0.0%	152,8 €	0.0%	152,8 €		–		–		–		3,7 k €	-88.3%	32 k €	-18.2%	39,2 k €	+212%	12,6 k €	-45.1%	22,9 k €	+16.5%	19,6 k €	+55.6%	12,6 k €
Debts	26,5 k €	-92.1%	334,2 k €	-9.9%	370,9 k €	-3.8%	385,8 k €	-8.9%	423,6 k €	-2.6%	434,9 k €	-2.1%	444,4 k €	-6.3%	474,4 k €	-4.3%	495,7 k €	-5.9%	526,5 k €	-4.9%	553,8 k €	-2.1%	565,9 k €	-5.4%	598,2 k €	-11.3%	674,7 k €	-1.0%	681,5 k €	-1.8%	694,3 k €	-5.4%	733,6 k €	+6.4%	689,7 k €	-0.3%	692 k €	+41.9%	487,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Gillian Kulkarni

Director

Active

Julian Kulkarni

Director

Active

Ended mandates

Frédéric Schnéegans

Manager · since 21 décembre 2012

Ended

Frédéric Schnéegans

Mandate

Ended

Frédéric Schnéegans

Director

Ended

Frédéric Schnéegans

Manager

Ended

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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	30/08/2026	08/09/2025	29/01/2025	29/01/2025	29/01/2025	10/09/2021
General meeting	25/06/2026	25/06/2025	21/12/2024	20/12/2024	19/12/2024	25/06/2021
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
Abridged model	31/12/2025	25/06/2026	30/08/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	08/09/2025	Dutch	PDF
Abridged model	31/12/2023	21/12/2024	29/01/2025	Dutch	PDF
Abridged model	31/12/2022	20/12/2024	29/01/2025	Dutch	PDF
Abridged model	31/12/2021	19/12/2024	29/01/2025	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	10/09/2021	Dutch	PDF
Abridged model	31/12/2019	31/12/2020	17/02/2021	Dutch	PDF
Abridged model	31/12/2018	05/12/2019	22/01/2020	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	25/06/2017	12/09/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	23/12/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	07/10/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	30/10/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	01/10/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	03/11/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	06/10/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	16/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 6 ended

Active mandates

Gillian Kulkarni

Director

Active

Julian Kulkarni

Director

Active

Ended mandates

Frédéric Schnéegans

Manager · since 21 décembre 2012

Ended

Frédéric Schnéegans

Mandate

Ended

Frédéric Schnéegans

Director

Ended

Frédéric Schnéegans

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/11/2025
SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates14/05/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other26/05/2005
ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other31/12/2004
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 202519,9 k €↑
2024
Annual accounts 2024-7,2 k €↓
2023
Annual accounts 202314,6 k €↑
2022
Annual accounts 202213,8 k €↑
2021
Annual accounts 202110,1 k €↑
2020
Annual accounts 2020-1,2 k €↓
2019
Annual accounts 20198,8 k €↓
2018
Annual accounts 201824,4 k €↑
2017
Annual accounts 201715,7 k €↓
2016
Annual accounts 201621,6 k €↑
2015
Annual accounts 2015-16,6 k €↓
2014
Annual accounts 2014-325,7 €↓
2013
Annual accounts 201322,1 k €↓
2012
Annual accounts 201258,8 k €↓
2011
Annual accounts 201194,9 k €↑
2010
Annual accounts 201043,3 k €↓
2009
Annual accounts 200961,9 k €↑
2008
Annual accounts 200818,7 k €↓
2007
Annual accounts 200727,4 k €↑
2006
Annual accounts 2006-18,4 k €
22/12/2004
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

MARKET EXECUTION

Overview

What does MARKET EXECUTION 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