ACTIVE

M2 E2

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Financial year 2025 · closed on 31/12/2025

Net result

9,7 k €

+120.5% YoY

Gross margin

94,9 k €

+168.9% YoY

Equity

654,8 k €

+1.5% YoY

What does M2 E2 do?

M2 E2 is a Public limited company incorporated in 2007. Its registered office is in Estinnes.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.259.133

Incorporation

18/12/2007

Legal form

Public limited company

Registered office

Rue Grande(EMT) 12 box b
7120 Estinnes · WallonieSee on map

Contributed capital

1 085 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	94,9 k €	+169%	35,3 k €	-31.2%	51,3 k €	-30.3%	73,6 k €	+44.3%	51,0 k €	-33.2%	76,3 k €	-29.2%	107,8 k €	+11.1%	97,1 k €	-7.5%	104,9 k €	+8.6%	96,6 k €	+5.8%	91,4 k €	+211%	29,3 k €	-48.5%	57,0 k €	-0.9%	57,5 k €	+1.1%	56,9 k €	+17.2%	48,5 k €	+33.9%	36,2 k €
EBITDA	78,7 k €	+286%	20,4 k €	-41.9%	35,1 k €	-37.3%	55,9 k €	+69.6%	33,0 k €	-44.7%	59,6 k €	-35.0%	91,7 k €	+14.4%	80,1 k €	-9.6%	88,6 k €	+8.9%	81,4 k €	+7.0%	76,0 k €	+302%	-37,7 k €	-179%	47,8 k €	-1.8%	48,7 k €	+0.9%	48,3 k €	+20.9%	39,9 k €	+41.8%	28,2 k €
Operating result	-12,9 k €	+70.2%	-43,3 k €	-205%	-14,2 k €	+57.8%	-33,7 k €	+41.5%	-57,6 k €	-86.1%	-30,9 k €	-5505%	-552,1 €	+96.1%	-14,2 k €	-159%	-5,5 k €	+51.1%	-11,2 k €	+32.3%	-16,5 k €	+81.0%	-86,8 k €	-3461%	-2,4 k €	-146%	5,3 k €	-7.4%	5,7 k €	+40395%	14,2 €	+100%	-14,1 k €
Net result	9,7 k €	+121%	-47,0 k €	-124%	-21,0 k €	+59.9%	-52,3 k €	+17.8%	-63,6 k €	-66.1%	-38,3 k €	-249%	-11,0 k €	+56.8%	-25,4 k €	-63.1%	-15,6 k €	+26.9%	-21,3 k €	+26.6%	-29,0 k €	+66.9%	-87,8 k €	-3481%	-2,5 k €	-149%	5,0 k €	-6.2%	5,4 k €	+33.4%	4,0 k €	+128%	-14,2 k €
Balance sheet
Equity	654,8 k €	+1.5%	645,1 k €	-6.8%	692,2 k €	-2.9%	713,2 k €	-6.8%	765,4 k €	-7.7%	829,1 k €	-4.4%	867,4 k €	-1.3%	878,3 k €	-5.3%	927,6 k €	-1.7%	943,2 k €	-2.2%	964,5 k €	-2.9%	993,6 k €	-8.1%	1,1 M €	-0.4%	1,1 M €	+0.5%	1,1 M €	+0.5%	1,1 M €	+0.4%	1,1 M €
Total assets	1,3 M €	-32.1%	1,9 M €	-5.6%	2,0 M €	-2.9%	2,0 M €	-4.7%	2,1 M €	-4.8%	2,2 M €	-5.3%	2,4 M €	-1.4%	2,4 M €	-2.2%	2,5 M €	-2.7%	2,5 M €	-3.2%	2,6 M €	-3.1%	2,7 M €	+145%	1,1 M €	-0.8%	1,1 M €	-0.1%	1,1 M €	+1.1%	1,1 M €	-2.0%	1,1 M €
Cash	33,8 k €	-85.5%	232,8 k €	-17.2%	281,3 k €	-0.1%	281,5 k €	+1408%	18,7 k €	-36.1%	29,2 k €	-44.0%	52,2 k €	-6.3%	55,7 k €	-22.6%	72,0 k €	+85.6%	38,8 k €	+1.9%	38,0 k €	-59.9%	95,0 k €	+8.6%	87,5 k €	-7.3%	94,3 k €	+37.8%	68,4 k €	+113%	32,1 k €	-9.1%	35,3 k €
Debts	608,7 k €	-49.3%	1,2 M €	-5.1%	1,3 M €	-3.0%	1,3 M €	-4.3%	1,4 M €	-3.1%	1,4 M €	-5.9%	1,5 M €	-1.5%	1,5 M €	-0.3%	1,5 M €	-3.3%	1,6 M €	-3.8%	1,6 M €	-3.1%	1,7 M €	+10420%	16,1 k €	-4.3%	16,8 k €	-37.3%	26,8 k €	+38.3%	19,4 k €	+824%	2,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Marie Plasschaert

Director · since 23 juin 2025

Active

Mathieu Dewinck

Managing director · since 21 novembre 2017

Active

Ended mandates

Mélanie HONORE

Director · since 15 mars 2017 · until 15 mars 2023

Ended

Stany CHANTRENNE

Director · since 15 mars 2017 · until 15 mars 2023

Ended

Mathieu DEWINCK

Managing director · since 18 décembre 2013 · until 18 décembre 2019

Ended

Emilienne PEVENAGE

Chairman of the board of directors · since 30 novembre 2007 · until 30 novembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
GENERATIONS4● Active	0725.942.060

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	04/08/2026	31/08/2025	24/06/2025	24/06/2025	23/01/2023	01/09/2022
General meeting	04/05/2026	23/05/2025	24/05/2024	20/05/2023	20/05/2022	25/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	04/08/2026	French	PDF
Micro model	31/12/2024	23/05/2025	31/08/2025	French	PDF
Micro model	31/12/2023	24/05/2024	24/06/2025	French	PDF
Micro model	31/12/2022	20/05/2023	24/06/2025	French	PDF
Micro model	31/12/2021	20/05/2022	23/01/2023	French	PDF
Micro model	31/12/2020	25/06/2021	01/09/2022	French	PDF
Micro model	31/12/2019	20/05/2020	01/09/2022	French	PDF
Abridged model	31/12/2018	02/05/2019	31/10/2019	French	PDF
Abridged model	31/12/2016	05/05/2017	30/09/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	30/11/2016	French	PDF
Abridged model	31/12/2014	04/05/2015	31/10/2015	French	PDF
Abridged model	31/12/2013	02/05/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	03/05/2013	27/09/2013	French	PDF
Abridged model	31/12/2011	04/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	06/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	07/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	22/04/2009	31/08/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 · 2 active · 10 ended

Active mandates

Marie Plasschaert

Director · since 23 juin 2025

Active

Mathieu Dewinck

Managing director · since 21 novembre 2017

Active

Ended mandates

Mélanie HONORE

Director · since 15 mars 2017 · until 15 mars 2023

Ended

Stany CHANTRENNE

Director · since 15 mars 2017 · until 15 mars 2023

Ended

Mathieu DEWINCK

Managing director · since 18 décembre 2013 · until 18 décembre 2019

Ended

Emilienne PEVENAGE

Chairman of the board of directors · since 30 novembre 2007 · until 30 novembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates24/05/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates10/12/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office21/12/2011
SIEGE SOCIAL
PDF
Other27/12/2007
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

2025
Annual accounts 20259,7 k €↑
2024
Annual accounts 2024-47,0 k €↓
2023
Annual accounts 2023-21,0 k €↑
2022
Annual accounts 2022-52,3 k €↑
2021
Annual accounts 2021-63,6 k €↓
2020
Annual accounts 2020-38,3 k €↓
2019
Annual accounts 2019-11,0 k €↑
2018
Annual accounts 2018-25,4 k €↓
2016
Annual accounts 2016-15,6 k €↑
2015
Annual accounts 2015-21,3 k €↑
2014
Annual accounts 2014-29,0 k €↑
2013
Annual accounts 2013-87,8 k €↓
2012
Annual accounts 2012-2,5 k €↓
2011
Annual accounts 20115,0 k €↓
2010
Annual accounts 20105,4 k €↑
2009
Annual accounts 20094,0 k €↑
2008
Annual accounts 2008-14,2 k €
18/12/2007
IncorporationPublic 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

M2 E2

Overview

What does M2 E2 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