ACTIVE

MUTATIS

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Financial year 2025 · Closed on 31/12/2025

Net result1,9 M €-37,4 %over 1 year

Revenue477,7 k €-2,5 %over 1 year

Equity157,7 M €+1,2 %over 1 year

Workforce4,0 ETP+17,6 %over 1 year

Identity

Source · BCE/KBO

MUTATIS is a Public limited company incorporated in 2006. Its main activity is: Activities of holding companies. Its registered office is in Tournai. It employs on average 4,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0881.733.067
Incorporation: 06/06/2006
Legal form: Public limited company
Registered office: Rue de la Terre à Briques(MAR) 29E
7522 Tournai · WallonieSee on map
Contributed capital: 127 996 000,00 €
Latest accounts: 31/12/2025
Average workforce: 4,0 ETP

Activities (NACE)

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

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2021		2018
Income statement
Revenue	477,7 k €	-2.5%	490,2 k €	-16.8%	589,1 k €	+75.0%	336,6 k €	+13.9%	295,4 k €
EBITDA	-65,5 k €	-39.6%	-46,9 k €	-154%	87,6 k €	+168%	-128,6 k €	-13.2%	-113,6 k €
Operating result	-66,3 k €	-38.4%	-47,9 k €	-156%	85,4 k €	+165%	-131,2 k €	-14.0%	-115,1 k €
Net result	1,9 M €	-37.4%	3,1 M €	-6.4%	3,3 M €	+254%	930,7 k €	-32.4%	1,4 M €
Balance sheet
Equity	157,7 M €	+1.2%	155,8 M €	+2.0%	152,7 M €	+2.5%	149,1 M €	+1.4%	147,1 M €
Total assets	197,5 M €	-67.0%	598,3 M €	-3.8%	622 M €	+40.5%	442,6 M €	+71.4%	258,2 M €
Cash	1,6 M €	+850%	173,4 k €	-1.6%	176,3 k €	-86.7%	1,3 M €	+3797%	33,9 k €
Debts	29,2 M €	-93.1%	423,9 M €	-7.2%	456,8 M €	+55.7%	293,5 M €	+164%	111,1 M €
Other
Workforce	4,0 ETP	+17.6%	3,4 ETP	-10.5%	3,8 ETP	+31.0%	2,9 ETP	-12.1%	3,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lucie Herbaut	Director27/06/2024 → 09/06/2028
Hugues De Pommereau	Director29/06/2018 → 09/06/2028Chairman of the board of directors05/12/2022 → 2024 accountsended
Hugues Desurmont	Managing director19/12/2015 → 09/06/2028
Jérôme Mulliez	Director16/06/2016 → 09/06/2028
Luc-Albéric Mulliez	Director11/06/2020 → 09/06/2028
Sharon SPOONER	Director15/12/2020 → 09/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alban Menet	Director05/12/2022 → 2024 accounts
Sharon Leclercq	Director15/12/2020 → 2024 accounts

Other companies at this address

Rue de la Terre à Briques(MAR) 29E 7522 Tournai

Company	CBE no.
NORTH MOORE GROUP BELGIUM● Active	0769.951.455
POUP'S PARTICIPATIONS● Active	0536.174.230
Sab Family Invest● Active	0759.556.223

Full financial information

Source · NBB

	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	29/05/2026	08/07/2025	09/07/2024	17/07/2023	01/07/2022	15/07/2021
General meeting	29/04/2026	24/06/2025	27/06/2024	09/06/2023	20/06/2022	28/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/04/2026	29/05/2026	French	PDF
Full model	31/12/2024	24/06/2025	08/07/2025	French	PDF
Full model	31/12/2023	27/06/2024	09/07/2024	French	PDF
Full model	31/12/2022	09/06/2023	17/07/2023	French	PDF
Full model	31/12/2021	20/06/2022	01/07/2022	French	PDF
Full model	31/12/2020	28/06/2021	15/07/2021	French	PDF
Full model	31/12/2019	11/06/2020	07/07/2020	French	PDF
Full model	31/12/2018	18/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	21/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	17/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	11/07/2008	French	PDF
Abridged model	30/06/2007	20/12/2007	08/02/2008	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lucie Herbaut	Director27/06/2024 → 09/06/2028
Hugues De Pommereau	Director29/06/2018 → 09/06/2028Chairman of the board of directors05/12/2022 → 2024 accountsended
Hugues Desurmont	Managing director19/12/2015 → 09/06/2028
Jérôme Mulliez	Director16/06/2016 → 09/06/2028
Luc-Albéric Mulliez	Director11/06/2020 → 09/06/2028
Sharon SPOONER	Director15/12/2020 → 09/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alban Menet	Director05/12/2022 → 2024 accounts
Sharon Leclercq	Director15/12/2020 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/03/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring28/12/2022
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring03/11/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates10/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates17/02/2021
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Lucie Herbaut

Sharon SPOONER

Jérôme Mulliez

Luc-Albéric Mulliez

Hugues DE POMMEREAU

Hugues Desurmont

Alban Menet

Sharon Leclercq

Gilles Mulliez

Régis Mulliez

Christian Poupard

Thierry Fosseux

Show the 6 other mandates

20062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

MUTATIS

Rue de la Terre à Briques 29 bte E, 7522 Blandain

Director

DirectorChairman of the board of directors

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Terre à Briques(MAR) 29E, 7522 BlandainCurrent		CBE
Rue de la Terre à Briques 29 bte E, 7522 Blandain	accounts 2021 → 2025	Accounts 2025 · 2026-00133768

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MUTATISCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00133768

Events

2025
Annual accounts 20251,9 M €↓
2024
Annual accounts 20243,1 M €↓
27/06/2024
nominationLucie HERBAUT · Administrateur
27/06/2024
reconductionKPMG Réviseurs d'Entreprises BV/SRL · commissaire
2023
Annual accounts 20233,3 M €↑
2021
Annual accounts 2021930,7 k €↓
2018
Annual accounts 20181,4 M €↓
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 2016128,6 k €↓
2015
Annual accounts 20153,3 M €↑
2014
Annual accounts 20141,4 M €↓
2013
Annual accounts 20131,5 M €↑
2012
Annual accounts 2012684,5 k €↓
2011
Annual accounts 2011838,6 k €↑
2010
Annual accounts 2010239,7 k €↓
2009
Annual accounts 2009795,2 k €↓
2008
Annual accounts 20082,3 M €↑
2007
Annual accounts 20071,7 M €↓
2007
Annual accounts 20073,3 M €
06/06/2006
IncorporationPublic limited company

MUTATIS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events