ACTIVE

MD Grondwerken

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Financial year 2025 · closed on 31/12/2025

Net result

118,9 k €

+25.8% YoY

Gross margin

679,2 k €

-10.6% YoY

Equity

623,9 k €

+12.4% YoY

Workforce

4,2 ETP

-16.0% YoY

What does MD Grondwerken do?

MD Grondwerken is a Private limited company incorporated in 2007. Its main activity is: Raising of dairy cattle. Its registered office is in Berlaar. It employs on average 4,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.531.273

Incorporation

21/05/2007

Legal form

Private limited company

Registered office

Bastijnstraat 125
2590 Berlaar · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

4,2 ETP

Activities (NACE)

01410Raising of dairy cattle· main 43120Site preparation 43120Site preparation 81300Landscape service activities 81300Landscape service activities 43110Demolition+5

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	679,2 k €	-10.6%	759,9 k €	+31.8%	576,6 k €	+3.1%	559,1 k €	-1.7%	568,9 k €	+3.6%	549,3 k €	+1.3%	542,4 k €	-3.4%	561,2 k €	0.0%	561,2 k €	-11.0%	630,4 k €	+38.6%	454,9 k €	+6.9%	425,7 k €	-6.9%	457,4 k €	+29.7%	352,6 k €	+1.4%	347,6 k €	+10.8%	313,7 k €	+108%	150,8 k €	-20.1%	188,7 k €	+295%	47,8 k €
EBITDA	399,7 k €	-2.6%	410,4 k €	+57.9%	260 k €	-16.4%	311,1 k €	-8.9%	341,4 k €	+24.1%	275,1 k €	+15.1%	239,1 k €	-10.2%	266,1 k €	0.0%	266,1 k €	-14.7%	312,1 k €	+51.4%	206,2 k €	+8.1%	190,7 k €	-18.9%	235,2 k €	+37.7%	170,9 k €	-15.1%	201,3 k €	-10.4%	224,6 k €	+110%	107,1 k €	-26.9%	146,5 k €	+209%	47,4 k €
Operating result	185,5 k €	+13.7%	163,2 k €	+248%	46,9 k €	-51.7%	97,1 k €	-20.3%	121,8 k €	+22.0%	99,9 k €	+17.1%	85,3 k €	+10.8%	76,9 k €	0.0%	76,9 k €	-53.9%	167 k €	+209%	54,1 k €	+7.8%	50,2 k €	-37.3%	80 k €	+282%	21 k €	-72.0%	75 k €	-37.9%	120,8 k €	+517%	-29 k €	-177%	37,5 k €	+2579%	1,4 k €
Net result	118,9 k €	+25.8%	94,5 k €	+266%	25,9 k €	-65.1%	74 k €	-24.9%	98,6 k €	+35.1%	73 k €	+2.4%	71,2 k €	+47.3%	48,4 k €	0.0%	48,4 k €	-50.1%	96,9 k €	+289%	24,9 k €	+1.1%	24,6 k €	-40.0%	41 k €	+425%	7,8 k €	-81.9%	43,1 k €	-49.6%	85,6 k €	+292%	-44,6 k €	-368%	16,6 k €	+379%	-6 k €
Balance sheet
Equity	623,9 k €	+12.4%	555 k €	+7.5%	516,5 k €	-7.5%	558,7 k €	+15.3%	484,6 k €	+17.3%	413,1 k €	+13.1%	365,1 k €	+2.3%	356,8 k €	0.0%	356,8 k €	+15.7%	308,4 k €	+45.7%	211,7 k €	+13.3%	186,8 k €	+15.2%	162,2 k €	+33.8%	121,2 k €	+6.9%	113,4 k €	+95.9%	57,9 k €	+309%	-27,7 k €	-264%	16,9 k €	+6885%	241,7 €
Total assets	1 M €	-14.4%	1,2 M €	-17.1%	1,4 M €	+3.7%	1,4 M €	+9.1%	1,3 M €	+16.8%	1,1 M €	+13.6%	964,7 k €	-14.5%	1,1 M €	0.0%	1,1 M €	+30.0%	868,2 k €	+15.6%	751 k €	-16.2%	895,9 k €	+37.5%	651,7 k €	+9.1%	597,3 k €	+6.1%	562,7 k €	+45.7%	386,3 k €	-15.7%	458,1 k €	-15.5%	542 k €	+54.0%	352 k €
Cash	314,4 k €	+81.9%	172,8 k €	+31.7%	131,2 k €	-38.2%	212,4 k €	-16.7%	255 k €	-11.6%	288,5 k €	+365%	62,1 k €	-67.9%	193,8 k €	0.0%	193,8 k €	+90.8%	101,6 k €	+661%	13,3 k €	-90.4%	138,5 k €	+111%	65,6 k €	+211%	21,1 k €	-28.5%	29,5 k €	-47.4%	56,1 k €	+3904%	1,4 k €	-98.1%	72,8 k €	+916%	7,2 k €
Debts	398,4 k €	-37.6%	638,9 k €	-31.4%	931,1 k €	+11.2%	837,2 k €	+5.5%	793,8 k €	+16.6%	680,8 k €	+14.0%	597,2 k €	-21.9%	764,7 k €	0.0%	764,7 k €	+39.4%	548,6 k €	+2.7%	534,2 k €	-24.1%	704 k €	+45.8%	482,7 k €	+1.4%	476,1 k €	+6.0%	449,3 k €	+36.8%	328,4 k €	-32.4%	485,8 k €	-7.5%	525,1 k €	+49.3%	351,8 k €
Other
Workforce	4,2 ETP	-16.0%	5,0 ETP	0.0%	5,0 ETP		–		4,1 ETP	-26.8%	5,6 ETP	-6.7%	6,0 ETP	+9.1%	5,5 ETP	0.0%	5,5 ETP	-12.7%	6,3 ETP	-10.0%	7,0 ETP	+48.9%	4,7 ETP	-2.1%	4,8 ETP	+23.1%	3,9 ETP	+21.9%	3,2 ETP	+77.8%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP		–

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

Dave Segers

Director

Active

Ended mandates

Dave SEGERS

Manager

Ended

Marc Sprangers

Manager

Ended

Patricia MOONS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Setra & Co● Active	0694.819.017

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged 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	31/08/2026	24/07/2025	24/08/2024	22/08/2023	18/08/2022	16/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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
Abridged model	31/12/2025	19/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	24/08/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	22/08/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	18/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	16/08/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	24/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	24/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	29/08/2008	Dutch	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

Dave Segers

Director

Active

Ended mandates

Dave SEGERS

Manager

Ended

Marc Sprangers

Manager

Ended

Patricia MOONS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other30/05/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025118,9 k €↑
2024
Annual accounts 202494,5 k €↑
2023
Annual accounts 202325,9 k €↓
2023
Name changeMD GRONDWERKEN BV
2022
Annual accounts 202274 k €↓
2021
Annual accounts 202198,6 k €↑
2020
Annual accounts 202073 k €↑
2019
Annual accounts 201971,2 k €↑
2018
Annual accounts 201848,4 k €↑
2017
Annual accounts 201748,4 k €↓
2016
Annual accounts 201696,9 k €↑
2015
Annual accounts 201524,9 k €↑
2014
Annual accounts 201424,6 k €↓
2013
Annual accounts 201341 k €↑
2012
Annual accounts 20127,8 k €↓
2011
Annual accounts 201143,1 k €↓
2010
Annual accounts 201085,6 k €↑
2010
Name changeSEGERS @ MOONS BV
2009
Annual accounts 2009-44,6 k €↓
2008
Annual accounts 200816,6 k €↑
2007
Annual accounts 2007-6 k €
21/05/2007
IncorporationPrivate limited company
2007
Name changeSPRANGERS - SEGERS

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

MD Grondwerken

Overview

What does MD Grondwerken do?

Trend over 19 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