M & S Infra
0883.426.708 · rovalta.com · 21/09/2026
ACTIVE
M & S Infra
Financial year 2024 · closed on 31/12/2024
Net result
29,3 k €
-61.9% YoY
Gross margin
202,3 k €
-27.3% YoY
Equity
98,1 k €
+42.7% YoY
Overview
What does M & S Infra do?
M & S Infra is a Private limited company incorporated in 2006. Its main activity is: Construction of roads and motorways. Its registered office is in Lokeren.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0883.426.708
Incorporation
11/09/2006
Legal form
Private limited company
Registered office
Gabriella Van Caeneghemstraat 2
9160 Lokeren · FlandreSee on map
9160 Lokeren · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Activities (NACE)
42110Construction of roads and motorways· main42110Construction of roads and motorways42220Construction of utility projects for electricity and telecommunications42220Construction of utility projects for electricity and telecommunications45215Maintenance and repair of motor vehicles42110Construction of roads and motorways+5
Joint committees (3)
- 124
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 16 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| Gross margin | 202,3 k € | -27.3% | 278,1 k € | +45.4% | 191,3 k € | +1525% | -13,4 k € | -137% | 36 k € | +358% | 7,9 k € | -52.4% | 16,5 k € | -32.1% | 24,3 k € | +3885% | 609,5 € | -99.7% | 235,3 k € | -56.6% | 541,7 k € | +30.7% | 414,5 k € | +60.9% | 257,7 k € | +473% | 45 k € | -13.0% | 51,7 k € | +9.4% | 47,3 k € |
| EBITDA | 56,5 k € | -39.3% | 93 k € | +1.7% | 91,5 k € | +543% | -20,6 k € | -171% | 29,2 k € | +421% | 5,6 k € | -55.7% | 12,7 k € | -44.9% | 23 k € | +1392% | -1,8 k € | -102% | 84,1 k € | -57.2% | 196,4 k € | +49.2% | 131,6 k € | +25.9% | 104,6 k € | +147% | 42,3 k € | +0.5% | 42,1 k € | +39.7% | 30,2 k € |
| Operating result | 37,5 k € | -52.5% | 79,1 k € | -8.4% | 86,3 k € | +462% | -23,8 k € | -211% | 21,5 k € | +1479% | -1,6 k € | -202% | 1,5 k € | -90.2% | 15,6 k € | +211% | -14,1 k € | -568% | -2,1 k € | -102% | 97,9 k € | +190% | 33,8 k € | -2.0% | 34,5 k € | +89.8% | 18,2 k € | -7.0% | 19,5 k € | +61.2% | 12,1 k € |
| Net result | 29,3 k € | -61.9% | 77 k € | -12.2% | 87,7 k € | +477% | -23,3 k € | -202% | 22,7 k € | +7309% | 306,8 € | -72.2% | 1,1 k € | -76.7% | 4,7 k € | +127% | -17,8 k € | -226% | -5,5 k € | -109% | 63,2 k € | +453% | 11,4 k € | -53.9% | 24,8 k € | +128% | 10,9 k € | +17.0% | 9,3 k € | +2.3% | 9,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | 98,1 k € | +42.7% | 68,7 k € | +936% | -8,2 k € | +91.4% | -95,9 k € | -32.0% | -72,7 k € | +23.8% | -95,4 k € | +0.3% | -95,7 k € | +1.1% | -96,8 k € | +4.7% | -101,5 k € | -176% | 134,2 k € | -3.9% | 139,7 k € | +82.6% | 76,5 k € | +17.6% | 65,1 k € | +36.2% | 47,8 k € | +29.4% | 36,9 k € | +33.5% | 27,7 k € |
| Total assets | 271,6 k € | +71.5% | 158,3 k € | +30.0% | 121,8 k € | +126% | 53,9 k € | -19.0% | 66,6 k € | +33.3% | 49,9 k € | +1.3% | 49,3 k € | -1.0% | 49,8 k € | +24.6% | 39,9 k € | -88.0% | 331,7 k € | -4.5% | 347,2 k € | -32.5% | 514,5 k € | +68.4% | 305,5 k € | +195% | 103,6 k € | +26.2% | 82 k € | +14.0% | 72 k € |
| Cash | 43,9 k € | +7.3% | 40,9 k € | -18.2% | 50 k € | +624% | 6,9 k € | -54.4% | 15,2 k € | +3670% | 402 € | -46.7% | 754,7 € | +167% | 282,9 € | – | 55,8 k € | +55.8% | 35,8 k € | +29.6% | 27,6 k € | +82.8% | 15,1 k € | +50.2% | 10,1 k € | -64.2% | 28,1 k € | +645% | 3,8 k € | ||
| Debts | 168,5 k € | +88.1% | 89,6 k € | -31.1% | 130 k € | -9.2% | 143,2 k € | +8.3% | 132,2 k € | -4.5% | 138,4 k € | -0.0% | 138,5 k € | -2.2% | 141,6 k € | +2.0% | 138,8 k € | -29.7% | 197,4 k € | -4.8% | 207,5 k € | -52.6% | 437,9 k € | +83.4% | 238,8 k € | +328% | 55,8 k € | +27.0% | 43,9 k € | -0.9% | 44,3 k € |
| Other | |||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 5,8 ETP | -43.7% | 10,3 ETP | +17.0% | 8,8 ETP | +39.7% | 6,3 ETP | – | – | 1,0 ETP | ||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2024 · 1 active · 5 ended
Active mandates
Apdulla Mergen
ActiveEnded mandates
Handan Sari
EndedHandan Sari
EndedApdulla Mergen
EndedApdullah Mergen
EndedFinancials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/08/2025 | 14/07/2024 | 23/06/2023 | 28/06/2022 | 19/07/2021 | 29/06/2020 |
| General meeting | 31/07/2025 | 18/06/2024 | 20/06/2023 | 21/06/2022 | 15/06/2021 | 16/06/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
18 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2024 | 31/07/2025 | 29/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 18/06/2024 | 14/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 20/06/2023 | 23/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 21/06/2022 | 28/06/2022 | Dutch | |
| Micro model | 31/12/2020 | 15/06/2021 | 19/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 16/06/2020 | 29/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 18/06/2019 | 01/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 19/06/2018 | 16/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 12/02/2018 | 14/02/2018 | Dutch | |
| Abridged model | 31/12/2015 | 01/02/2018 | 14/02/2018 | Dutch | |
| Abridged model | 31/12/2014 | 21/04/2016 | 19/01/2018 | Dutch | |
| Abridged model | 31/12/2013 | 23/09/2014 | 30/09/2014 | Dutch | |
| Abridged model | 31/12/2012 | 24/09/2013 | 30/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 31/08/2012 | 26/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 17/02/2011 | 15/03/2011 | Dutch | |
| Abridged model | 31/12/2009 | 15/06/2010 | 07/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 31/07/2009 | 28/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 16/08/2008 | 29/08/2008 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 1 active · 5 ended
Active mandates
Apdulla Mergen
ActiveEnded mandates
Handan Sari
EndedHandan Sari
EndedApdulla Mergen
EndedApdullah Mergen
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates21/12/2023WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Registered office09/03/2016MAATSCHAPPELIJKE ZETEL
- Mandates22/05/2013ONTSLAGEN - BENOEMINGEN
- Mandates24/03/2009ONTSLAGEN - BENOEMINGEN
- Mandates06/12/2006ONTSLAGEN - BENOEMINGEN
- Other19/09/2006RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 202429,3 k €↓
- 2023Annual accounts 202377 k €↓
- 2022Annual accounts 202287,7 k €↑
- 2021Annual accounts 2021-23,3 k €↓
- 2020Annual accounts 202022,7 k €↑
- 2019Annual accounts 2019306,8 €↓
- 2018Annual accounts 20181,1 k €↓
- 2017Annual accounts 20174,7 k €↑
- 2016Annual accounts 2016-17,8 k €↓
- 2013Annual accounts 2013-5,5 k €↓
- 2012Annual accounts 201263,2 k €↑
- 2011Annual accounts 201111,4 k €↓
- 2010Annual accounts 201024,8 k €↑
- 2009Annual accounts 200910,9 k €↑
- 2008Annual accounts 20089,3 k €↑
- 2007Annual accounts 20079,1 k €
- 11/09/2006IncorporationPrivate limited company