ACTIVE

M PLUS

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Financial year 2025 · closed on 31/12/2025

Net result

49,8 k €

-47.9% YoY

Gross margin

85,4 k €

-45.1% YoY

Equity

614,5 k €

-7.3% YoY

What does M PLUS do?

M PLUS is a Private limited company incorporated in 2006. Its main activity is: Agents involved in the sale of machinery, industrial equipment, ships and aircraft. Its registered office is in Berchem-Sainte-Agathe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.924.277

Incorporation

03/10/2006

Legal form

Private limited company

Registered office

Rue des Soldats 111
1082 Berchem-Sainte-Agathe · BruxellesSee on map

Contributed capital

15 850,00 €

Latest accounts

31/12/2025

Activities (NACE)

46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft· main 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft 51140Passenger air transport 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 47783Other retail sale of new goods in specialised stores+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	85,4 k €	-45.1%	155,6 k €	-7.6%	168,3 k €	+27.3%	132,2 k €	+72.9%	76,5 k €	-20.7%	96,5 k €	-18.2%	118 k €	+35.5%	87,1 k €	+47.8%	58,9 k €	-45.5%	108,1 k €	-2.4%	110,8 k €	+9.9%	100,9 k €	-2.5%	103,4 k €	+14.3%	90,5 k €	-2.1%	92,4 k €	+218%	29,1 k €	-37.8%	46,8 k €	+102%	23,2 k €	-26.4%	31,5 k €
EBITDA	84,2 k €	-42.8%	147,2 k €	-12.1%	167,5 k €	+29.0%	129,9 k €	+76.2%	73,7 k €	-22.9%	95,6 k €	-18.0%	116,6 k €	+34.5%	86,7 k €	+48.1%	58,6 k €	-45.7%	107,8 k €	-2.2%	110,2 k €	+9.7%	100,5 k €	-2.4%	103 k €	+15.2%	89,4 k €	-2.8%	92 k €	+234%	27,6 k €	-40.7%	46,5 k €	+106%	22,6 k €	-26.5%	30,7 k €
Operating result	71,9 k €	-46.2%	133,6 k €	-15.5%	158 k €	+30.2%	121,4 k €	+80.6%	67,2 k €	-28.3%	93,7 k €	-10.7%	105 k €	+40.7%	74,6 k €	+95.7%	38,1 k €	-56.3%	87,3 k €	-12.2%	99,4 k €	+11.5%	89,2 k €	-1.0%	90 k €	+20.2%	74,9 k €	-4.5%	78,4 k €	+233%	23,6 k €	-43.9%	42 k €	+118%	19,3 k €	-30.0%	27,5 k €
Net result	49,8 k €	-47.9%	95,7 k €	-14.9%	112,5 k €	+29.1%	87,2 k €	+85.9%	46,9 k €	-30.4%	67,4 k €	-8.4%	73,5 k €	+39.9%	52,5 k €	+126%	23,2 k €	-57.1%	54,2 k €	-13.5%	62,7 k €	+22.7%	51,1 k €	-11.2%	57,5 k €	+5.0%	54,8 k €	+2.8%	53,3 k €	+253%	15,1 k €	-46.0%	28 k €	+82.1%	15,4 k €	+0.2%	15,3 k €
Balance sheet
Equity	614,5 k €	-7.3%	663,1 k €	+7.0%	619,9 k €	+10.7%	559,9 k €	+4.6%	535,4 k €	-0.8%	539,5 k €	+14.3%	472,2 k €	+18.4%	398,6 k €	+15.2%	346,1 k €	+7.2%	322,9 k €	+20.2%	268,7 k €	+30.4%	206 k €	+32.9%	155 k €	+21.6%	127,5 k €	+26.6%	100,6 k €	+26.4%	79,6 k €	+23.4%	64,5 k €	+76.5%	36,5 k €	+72.5%	21,2 k €
Total assets	628,6 k €	-7.2%	677,3 k €	+3.9%	651,6 k €	+9.9%	593,2 k €	+5.0%	564,9 k €	+1.0%	559,5 k €	+13.1%	494,8 k €	+14.7%	431,3 k €	+22.0%	353,5 k €	+3.4%	341,8 k €	+13.5%	301,2 k €	+24.4%	242,1 k €	+39.5%	173,6 k €	+17.1%	148,3 k €	+27.7%	116,1 k €	+30.5%	88,9 k €	+30.2%	68,3 k €	+39.7%	48,9 k €	-12.1%	55,6 k €
Cash	560,3 k €	+0.1%	559,7 k €	+10.5%	506,6 k €	+7.7%	470,3 k €	+13.8%	413,3 k €	+11.2%	371,7 k €	+24.7%	298,2 k €	+30.6%	228,3 k €	+36.2%	167,7 k €	+1.9%	164,5 k €	-15.7%	195,1 k €	+8.2%	180,3 k €	+42.5%	126,5 k €	+84.5%	68,6 k €	+55.1%	44,2 k €	-11.4%	49,9 k €	+33.5%	37,4 k €	+180%	13,3 k €	-66.3%	39,6 k €
Debts	14,1 k €	-1.0%	14,3 k €	-55.1%	31,7 k €	-4.6%	33,3 k €	+12.5%	29,6 k €	+47.9%	20 k €	-11.6%	22,6 k €	-30.7%	32,6 k €	+465%	5,8 k €	-69.4%	18,9 k €	-41.9%	32,5 k €	-9.8%	36 k €	+93.7%	18,6 k €	-10.8%	20,8 k €	+34.8%	15,5 k €	+65.8%	9,3 k €	+145%	3,8 k €	-69.2%	12,4 k €	-64.1%	34,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Michel Minne

Director · since 22 septembre 2006

Active

Ended mandates

Michel Jean Minne

Manager · since 22 septembre 2006

Ended

Michel Minne

Director

Ended

Michel Minne

Manager

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	30/07/2026	05/08/2025	22/08/2024	13/08/2023	27/08/2022	09/08/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/06/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	10/06/2025	05/08/2025	Dutch	PDF
Micro model	31/12/2023	11/06/2024	22/08/2024	Dutch	PDF
Micro model	31/12/2022	13/06/2023	13/08/2023	French	PDF
Micro model	31/12/2021	14/06/2022	27/08/2022	French	PDF
Micro model	31/12/2020	08/06/2021	09/08/2021	French	PDF
Micro model	31/12/2019	09/06/2020	22/07/2020	French	PDF
Micro model	31/12/2018	11/06/2019	02/07/2019	French	PDF
Micro model	31/12/2017	12/06/2018	09/07/2018	French	PDF
Micro model	31/12/2016	13/06/2017	12/07/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	01/08/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	20/08/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	22/07/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	25/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	13/06/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

Michel Minne

Director · since 22 septembre 2006

Active

Ended mandates

Michel Jean Minne

Manager · since 22 septembre 2006

Ended

Michel Minne

Director

Ended

Michel Minne

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Other11/10/2006
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 202549,8 k €↓
2024
Annual accounts 202495,7 k €↓
2023
Annual accounts 2023112,5 k €↑
2022
Annual accounts 202287,2 k €↑
2021
Annual accounts 202146,9 k €↓
2020
Annual accounts 202067,4 k €↓
2019
Annual accounts 201973,5 k €↑
2018
Annual accounts 201852,5 k €↑
2017
Annual accounts 201723,2 k €↓
2016
Annual accounts 201654,2 k €↓
2015
Annual accounts 201562,7 k €↑
2014
Annual accounts 201451,1 k €↓
2013
Annual accounts 201357,5 k €↑
2012
Annual accounts 201254,8 k €↑
2011
Annual accounts 201153,3 k €↑
2010
Annual accounts 201015,1 k €↓
2009
Annual accounts 200928 k €↑
2008
Annual accounts 200815,4 k €↑
2007
Annual accounts 200715,3 k €
03/10/2006
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

M PLUS

Overview

What does M PLUS do?

Trend over 19 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