ACTIVE

MDL-Projects

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

59,9 k €

-65.3% YoY

Gross margin

-24,9 k €

-185.6% YoY

Equity

11,9 M €

+0.2% YoY

What does MDL-Projects do?

MDL-Projects is a Private limited company incorporated in 2007. Its registered office is in Olen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.262.166

Incorporation

15/02/2007

Legal form

Private limited company

Registered office

Doffen 77
2250 Olen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008
Income statement
Gross margin	-24,9 k €	-186%	29,1 k €	+247%	-19,8 k €	-119%	102,4 k €	+462%	-28,3 k €	-166%	-10,6 k €	+15.0%	-12,5 k €	+66.0%	-36,9 k €	+36.3%	-57,8 k €		–		–		–		–		447,8 k €	+13.3%	395,1 k €	+3.6%	381,2 k €	-4.1%	397,5 k €
EBITDA	-37,5 k €	-239%	26,9 k €	+222%	-22,1 k €	-122%	98,9 k €	+423%	-30,6 k €	-136%	-13 k €	+14.5%	-15,2 k €	+60.9%	-38,8 k €	+36.8%	-61,3 k €	+55.8%	-138,8 k €	-558%	-21,1 k €	+37.2%	-33,6 k €	-132%	104,8 k €	-29.1%	147,7 k €	+10.0%	134,3 k €	+24.6%	107,8 k €	+34.1%	80,4 k €
Operating result	-52,4 k €	-2777%	-1,8 k €	+95.4%	-39,9 k €	-144%	90,6 k €	+355%	-35,5 k €	-47.7%	-24,1 k €	-2555%	-906 €	+99.6%	-216,7 k €	-197%	-72,9 k €	+61.1%	-187,6 k €	-605%	-26,6 k €	+28.4%	-37,2 k €	-138%	97,2 k €	-30.2%	139,2 k €	+10.3%	126,2 k €	+26.6%	99,6 k €	+31.7%	75,6 k €
Net result	59,9 k €	-65.3%	172,8 k €	-2.2%	176,7 k €	+6.8%	165,4 k €	-55.1%	368,2 k €	+484%	63 k €	+103%	31 k €	+109%	-340 k €	-645%	62,4 k €	-99.3%	8,7 M €	+19498618%	44,9 €	+100%	-25,2 k €	-104%	591,9 k €	+242%	173,3 k €	-7.6%	187,6 k €	+88.5%	99,5 k €	-86.7%	750,7 k €
Balance sheet
Equity	11,9 M €	+0.2%	11,9 M €	+1.5%	11,7 M €	+1.5%	11,5 M €	+1.5%	11,3 M €	+3.4%	11 M €	+0.6%	10,9 M €	+0.3%	10,9 M €	-3.0%	11,2 M €	-34.8%	17,2 M €	+104%	8,4 M €	+0.0%	8,4 M €	-0.3%	8,5 M €	+19.8%	7,1 M €	+2.5%	6,9 M €	+34.0%	5,1 M €	+2.0%	5 M €
Total assets	12,6 M €	+0.3%	12,6 M €	+0.2%	12,5 M €	+7.7%	11,6 M €	-0.8%	11,7 M €	+6.6%	11 M €	+0.9%	10,9 M €	+0.2%	10,9 M €	-33.9%	16,5 M €	-4.3%	17,2 M €	+49.6%	11,5 M €	+35.1%	8,5 M €	-11.5%	9,6 M €	+6.5%	9 M €	+4.5%	8,7 M €	+33.1%	6,5 M €	-15.2%	7,7 M €
Cash	147,1 k €	-83.7%	901,9 k €	+33.7%	674,5 k €	-24.8%	897 k €	+20.9%	742,2 k €	-44.1%	1,3 M €	-58.4%	3,2 M €	-29.0%	4,5 M €	-20.8%	5,7 M €	+2.5%	5,5 M €	+78.2%	3,1 M €	+9320%	33 k €	-35.3%	51 k €	-61.1%	131,1 k €	+312%	31,8 k €	-68.7%	101,5 k €	-80.5%	521,7 k €
Debts	687 k €	-3.2%	710 k €	-16.7%	851,9 k €	+542%	132,8 k €	-66.4%	395,7 k €	+850%	41,7 k €	+318%	10 k €	-36.2%	15,6 k €	-99.7%	5,3 M €	+16443%	31,8 k €	-99.0%	3,1 M €	+3823%	78,2 k €	-93.2%	1,2 M €	-40.2%	1,9 M €	+12.2%	1,7 M €	+29.7%	1,3 M €	-48.2%	2,6 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		3,4 ETP	-45.2%	6,2 ETP	-7.5%	6,7 ETP	+6.3%	6,3 ETP	+31.3%	4,8 ETP	+11.6%	4,3 ETP	-10.4%	4,8 ETP	+20.0%	4,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 4 ended

Active mandates

Jeannine De L'Arbre

Director

Active

Sus Mertens

Director

Active

Victor Mertens

Director

Active

Ended mandates

Sus Mertens

Director · since 14 novembre 2022

Ended

Victor Mertens

Director · since 13 février 2007

Ended

Victor Mertens

Manager · since 13 février 2007

Ended

Victor Mertens

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
3564N● Active	0715.437.158
3564O● Active	0715.416.867
IMMO STEPPUS● Active	0436.353.213

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	27/08/2026	14/07/2025	01/07/2024	28/07/2023	29/08/2022	23/06/2021
General meeting	24/08/2026	16/06/2025	10/06/2024	28/06/2023	13/06/2022	14/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/08/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	16/06/2025	14/07/2025	Dutch	PDF
Micro model	31/12/2023	10/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	28/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	13/06/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	23/06/2021	Dutch	PDF
Micro model	31/12/2019	08/06/2020	31/07/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	11/06/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	12/06/2017	25/08/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	08/06/2015	06/08/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	26/08/2014	Dutch	PDF
Abridged model	30/06/2012	12/11/2012	18/01/2013	Dutch	PDF
Abridged model	30/06/2011	14/11/2011	27/01/2012	Dutch	PDF
Abridged model	30/06/2010	08/11/2010	09/12/2010	Dutch	PDF
Abridged model	30/06/2009	09/11/2009	17/12/2009	Dutch	PDF
Abridged model	30/06/2008	10/11/2008	27/11/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 3 active · 4 ended

Active mandates

Jeannine De L'Arbre

Director

Active

Sus Mertens

Director

Active

Victor Mertens

Director

Active

Ended mandates

Sus Mertens

Director · since 14 novembre 2022

Ended

Victor Mertens

Director · since 13 février 2007

Ended

Victor Mertens

Manager · since 13 février 2007

Ended

Victor Mertens

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2021
WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/02/2018
KAPITAAL - AANDELEN
PDF
Capital / shares04/04/2017
KAPITAAL - AANDELEN
PDF
Mandates06/12/2012
BOEKJAAR - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring03/02/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring10/11/2011
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates18/01/2010
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202559,9 k €↓
2024
Annual accounts 2024172,8 k €↓
2023
Annual accounts 2023176,7 k €↑
2022
Annual accounts 2022165,4 k €↓
2021
Annual accounts 2021368,2 k €↑
2020
Annual accounts 202063 k €↑
2020
Name changeMDL-Projects
2019
Annual accounts 201931 k €↑
2018
Annual accounts 2018-340 k €↓
2017
Annual accounts 201762,4 k €↓
2016
Annual accounts 20168,7 M €↑
2015
Annual accounts 201544,9 €↑
2014
Annual accounts 2014-25,2 k €↓
2013
Annual accounts 2013591,9 k €↑
2011
Annual accounts 2011173,3 k €↓
2010
Annual accounts 2010187,6 k €↑
2009
Annual accounts 200999,5 k €↓
2008
Annual accounts 2008750,7 k €
2008
Name changeGREEN TEAM HOLDING
15/02/2007
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

MDL-Projects

Overview

What does MDL-Projects do?

Trend over 17 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