ACTIVE

MD-AFSLUITINGEN

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Financial year 2025 · closed on 30/06/2025

Net result

-57 k €

-3.1% YoY

Gross margin

110,8 k €

-30.5% YoY

Equity

236,6 k €

-19.4% YoY

Workforce

1,0 ETP

-54.5% YoY

What does MD-AFSLUITINGEN do?

MD-AFSLUITINGEN is a Private limited company incorporated in 2008. Its main activity is: Joinery installation. Its registered office is in Izegem. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.137.837

Incorporation

08/07/2008

Legal form

Private limited company

Registered office

Schardouwstraat 11
8870 Izegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

1,0 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.

Joint committees (2)

12400
20000

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	110,8 k €	-30.5%	159,3 k €	-33.5%	239,6 k €	+7.8%	222,4 k €	+2.4%	217,1 k €	+10.2%	197 k €	-6.3%	210,2 k €	+37.9%	152,4 k €	-1.6%	154,9 k €	-46.9%	291,6 k €	+19.0%	244,9 k €	+32.2%	185,2 k €	+34.7%	137,5 k €	+73.6%	79,2 k €	+9.9%	72,1 k €	+96.9%	36,6 k €	+61.6%	22,7 k €
EBITDA	38,5 k €	-0.1%	38,5 k €	-66.8%	115,9 k €	+1.7%	114 k €	+0.7%	113,3 k €	+1.4%	111,7 k €	+2.6%	108,8 k €	+18.8%	91,7 k €	+26.2%	72,6 k €	-59.6%	179,8 k €	+29.6%	138,7 k €	+32.7%	104,6 k €	-2.8%	107,5 k €	+37.7%	78,1 k €	+10.3%	70,8 k €	+102%	35,1 k €	+67.4%	21 k €
Operating result	-36,9 k €	-3.1%	-35,8 k €	-205%	34,2 k €	-22.1%	43,9 k €	-32.8%	65,3 k €	+4.0%	62,7 k €	+12.6%	55,7 k €	+14.8%	48,5 k €	+119%	22,2 k €	-82.5%	126,4 k €	+14.0%	110,9 k €	+52.4%	72,8 k €	-4.7%	76,4 k €	+41.3%	54,1 k €	-7.1%	58,2 k €	+127%	25,7 k €	+40.9%	18,2 k €
Net result	-57 k €	-3.1%	-55,3 k €	-615%	10,7 k €	-51.5%	22,1 k €	-44.1%	39,6 k €	+9.6%	36,2 k €	+6.0%	34,1 k €	+49.2%	22,9 k €	+3517%	632,3 €	-99.0%	62,2 k €	-16.1%	74,1 k €	+66.4%	44,6 k €	-2.1%	45,5 k €	+96.3%	23,2 k €	-47.6%	44,3 k €	+130%	19,3 k €	+52.9%	12,6 k €
Balance sheet
Equity	236,6 k €	-19.4%	293,6 k €	-15.9%	348,9 k €	+0.5%	347,1 k €	+3.9%	334 k €	+10.1%	303,4 k €	+9.8%	276,2 k €	-16.1%	329,1 k €	+7.5%	306,2 k €	+0.2%	305,6 k €	+25.6%	243,4 k €	+43.8%	169,3 k €	+27.3%	133 k €	+42.3%	93,5 k €	+22.5%	76,3 k €	+101%	38 k €	+102%	18,8 k €
Total assets	715,7 k €	-13.9%	831 k €	-14.7%	974,2 k €	+3.5%	940,8 k €	-10.4%	1 M €	+19.7%	877,2 k €	-1.8%	892,9 k €	+6.9%	835,5 k €	+3.6%	806,2 k €	-8.4%	880,3 k €	+24.0%	709,8 k €	+11.0%	639,4 k €	+10.8%	577,1 k €	+18.6%	486,6 k €	+207%	158,7 k €	+39.4%	113,8 k €	+88.2%	60,5 k €
Cash	12,6 k €	+607%	1,8 k €	-62.6%	4,8 k €		–		–		–		24,3 k €	+6993%	343,2 €		–		10,3 k €	-36.4%	16,2 k €	+3680%	427,3 €	-97.4%	16,4 k €	-45.4%	30,1 k €	-48.5%	58,5 k €	+224%	18,1 k €	-21.2%	22,9 k €
Debts	479,1 k €	-10.9%	537,5 k €	-14.0%	625,3 k €	+5.3%	593,6 k €	-17.1%	715,8 k €	+24.7%	573,9 k €	-6.9%	616,7 k €	+21.8%	506,4 k €	+1.3%	500 k €	-13.0%	574,7 k €	+23.2%	466,4 k €	-0.8%	470,2 k €	+5.9%	444,1 k €	+13.0%	393,1 k €	+377%	82,4 k €	+8.7%	75,8 k €	+81.7%	41,7 k €
Other
Workforce	1,0 ETP	-54.5%	2,2 ETP	0.0%	2,2 ETP	+4.8%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	+80.0%	1,0 ETP	-33.3%	1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	+143%	0,7 ETP		–		–		–		–

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 30/06/2025 · 1 active · 1 ended

Active mandates

Mario De Meyer

Director · since 08 juillet 2008

Active

Ended mandates

Mario De Meyer

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	30/01/2025	20/12/2023	23/01/2023	21/12/2021	22/01/2021
General meeting	20/12/2025	21/12/2024	02/12/2023	24/12/2022	04/12/2021	02/01/2021
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
Abridged model	30/06/2025	20/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	21/12/2024	30/01/2025	Dutch	PDF
Abridged model	30/06/2023	02/12/2023	20/12/2023	Dutch	PDF
Abridged model	30/06/2022	24/12/2022	23/01/2023	Dutch	PDF
Abridged model	30/06/2021	04/12/2021	21/12/2021	Dutch	PDF
Abridged model	30/06/2020	02/01/2021	22/01/2021	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	06/01/2020	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	20/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	03/01/2018	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	05/12/2015	18/12/2015	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	19/12/2014	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	21/12/2012	Dutch	PDF
Abridged model	30/06/2011	03/12/2011	22/12/2011	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	22/12/2010	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	06/01/2010	Dutch	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 30/06/2025 · 1 active · 1 ended

Active mandates

Mario De Meyer

Director · since 08 juillet 2008

Active

Ended mandates

Mario De Meyer

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other02/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares15/02/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares02/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office30/09/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other25/06/2010
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other10/07/2008
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 2025-57 k €↓
2024
Annual accounts 2024-55,3 k €↓
2023
Annual accounts 202310,7 k €↓
2022
Annual accounts 202222,1 k €↓
2021
Annual accounts 202139,6 k €↑
2020
Annual accounts 202036,2 k €↑
2019
Annual accounts 201934,1 k €↑
2018
Annual accounts 201822,9 k €↑
2017
Annual accounts 2017632,3 €↓
2016
Annual accounts 201662,2 k €↓
2015
Annual accounts 201574,1 k €↑
2014
Annual accounts 201444,6 k €↓
2013
Annual accounts 201345,5 k €↑
2012
Annual accounts 201223,2 k €↓
2011
Annual accounts 201144,3 k €↑
2010
Annual accounts 201019,3 k €↑
2009
Annual accounts 200912,6 k €
08/07/2008
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

MD-AFSLUITINGEN

Overview

What does MD-AFSLUITINGEN do?

Trend over 17 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