ACTIVE

M2S

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Financial year 2025 · closed on 30/09/2025
Net result
51,4 k €
+791.1% YoY
Gross margin
253,4 k €
+23.6% YoY
Equity
3,4 M €
+1.5% YoY

What does M2S do?

M2S is a Private company with limited liability incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Chaudfontaine.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0887.949.282
Incorporation
14/03/2007
Legal form
Private company with limited liability
Registered office
Au long pré 80
4053 Chaudfontaine · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities46180Agents specialised in the sale of other particular products46180Agents specialised in the sale of other particular products51180Passenger air transport
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 17 financial years

20252024202320222021202020192018201720152014201320122011201020092008
Income statement
Gross margin253,4 k €204,9 k €116,1 k €320,7 k €264,6 k €192,5 k €135,8 k €217,7 k €208,5 k €38,6 k €43,5 k €38,6 k €96,6 k €-60 €102,1 k €10 k €0 €
EBITDA251,7 k €203,3 k €114,5 k €316,6 k €263,1 k €188,7 k €133,5 k €213,8 k €208,1 k €37,7 k €42,7 k €37,7 k €95,7 k €-1,4 k €101,8 k €9,1 k €-820 €
Operating result237,8 k €189,5 k €101,3 k €306,6 k €256 k €183,7 k €133,5 k €213,8 k €208,1 k €37,7 k €42,7 k €37,7 k €95,7 k €-1,4 k €101,8 k €9,1 k €-1,7 k €
Net result51,4 k €-7,4 k €-41,7 k €160,8 k €107,5 k €44,9 k €46,4 k €185 k €142,8 k €6,9 k €8,3 k €3,4 k €54,9 k €-41,5 k €43,7 k €-22,1 k €-8,2 k €
Balance sheet
Equity3,4 M €3,3 M €3,3 M €3,4 M €3,2 M €3,1 M €3,1 M €3,1 M €3 M €64,2 k €57,3 k €49 k €45,6 k €-9,4 k €32,1 k €-11,6 k €10,4 k €
Total assets6,3 M €6,3 M €6,3 M €6,3 M €6,2 M €6,3 M €6,5 M €3,7 M €3,5 M €666,7 k €666,6 k €707,3 k €772,7 k €666,9 k €673,4 k €667,8 k €277,3 k €
Cash1,8 k €7,2 k €4,3 k €39,9 k €41,6 k €43,9 k €31,2 k €15,5 k €1,3 k €2,4 k €2,3 k €3 k €5,6 k €2,2 k €7 k €3,3 k €7,9 k €
Debts2,7 M €2,8 M €2,8 M €2,8 M €2,9 M €3 M €3,4 M €579 k €498,9 k €576,6 k €582,1 k €630,5 k €699,6 k €644,4 k €641,3 k €679,4 k €266,8 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 30/09/2025 · 2 active · 7 ended

Active mandates

Valérie HANNON

Director · since 01 octobre 2019

Active
René Brugmans

Director

Active

Ended mandates

IZP

Manager · since 01 octobre 2017 · 0831.535.171

Ended
René Brugmans

Manager · since 14 mars 2007

Ended
Paul Brugmans

Mandate

Ended
René BRUGMANS

Director · until 31 mars 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
BIVOUAC● Active
0726.354.410
IZP● Active
0831.535.171
MARBRERIE 3● Active
0662.749.431
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/04/202615/04/202510/04/202427/04/202329/03/202226/04/2021
General meeting27/03/202628/03/202529/03/202430/03/202325/03/202226/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/03/202622/04/2026FrenchPDF
Abridged model30/09/202428/03/202515/04/2025FrenchPDF
Abridged model30/09/202329/03/202410/04/2024FrenchPDF
Micro model30/09/202230/03/202327/04/2023FrenchPDF
Micro model30/09/202125/03/202229/03/2022FrenchPDF
Micro model30/09/202026/03/202126/04/2021FrenchPDF
Micro model30/09/201927/03/202027/04/2020FrenchPDF
Micro model30/09/201829/03/201924/05/2019FrenchPDF
Micro model30/09/201730/03/201809/04/2018FrenchPDF
Abridged model30/09/201631/03/201720/04/2017FrenchPDF
Abridged model30/09/201525/03/201629/03/2016FrenchPDF
Abridged model30/09/201427/03/201530/03/2015FrenchPDF
Abridged model30/09/201328/03/201431/03/2014FrenchPDF
Abridged model30/09/201229/03/201303/04/2013FrenchPDF
Abridged model30/09/201130/03/201202/04/2012FrenchPDF
Abridged model30/09/201025/03/201129/04/2011FrenchPDF
Abridged model30/09/200926/03/201029/04/2010FrenchPDF
Abridged model30/09/200827/03/200911/05/2009FrenchPDF
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 30/09/2025 · 2 active · 7 ended

Active mandates

Valérie HANNON

Director · since 01 octobre 2019

Active
René Brugmans

Director

Active

Ended mandates

IZP

Manager · since 01 octobre 2017 · 0831.535.171

Ended
René Brugmans

Manager · since 14 mars 2007

Ended
Paul Brugmans

Mandate

Ended
René BRUGMANS

Director · until 31 mars 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/05/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/02/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/01/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/03/2007
    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

Timeline

  1. 2025
    Annual accounts 202551,4 k €↑
  2. 2024
    Annual accounts 2024-7,4 k €↑
  3. 2023
    Annual accounts 2023-41,7 k €↓
  4. 2022
    Annual accounts 2022160,8 k €↑
  5. 2021
    Annual accounts 2021107,5 k €↑
  6. 2020
    Annual accounts 202044,9 k €↓
  7. 2019
    Annual accounts 201946,4 k €↓
  8. 2018
    Annual accounts 2018185 k €↑
  9. 2017
    Annual accounts 2017142,8 k €↑
  10. 2015
    Annual accounts 20156,9 k €↓
  11. 2014
    Annual accounts 20148,3 k €↑
  12. 2013
    Annual accounts 20133,4 k €↓
  13. 2012
    Annual accounts 201254,9 k €↑
  14. 2011
    Annual accounts 2011-41,5 k €↓
  15. 2010
    Annual accounts 201043,7 k €↑
  16. 2009
    Annual accounts 2009-22,1 k €↓
  17. 2008
    Annual accounts 2008-8,2 k €
  18. 14/03/2007
    IncorporationPrivate company with limited liability