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MT CONSTRUCT: value indication

Roughly what is an SME worth on what it filed? A range from its adjusted equity and its earnings, with your own assumptions, recalculated as you go.

Value indication

MT CONSTRUCT

BE 0896.836.264
NACE 74.201, Photography, excluding press photography
latest balance sheet 30-11-2024indication, not a valuation or advice

Indicative value of the equity

Indication, not a valuation or advice
€491,596 to €579,079

Midpoint €528,048 · 50% capitalised earnings, 50% adjusted equity

Adjusted equity €545,778
Capitalised earnings €437,414 to €612,380
Indication €491,596 to €579,079

Your assumptions

Capitalised earnings
%

The return a buyer expects on the money put in. Higher for more risk. The range also computes with 2 points more and less.

Adjust the equity
Blend
50%
Optional: your own multiple

Checked holds no market prices, so it suggests no multiple. If you have one from a transaction or a study, the tool applies it to the filed EBITDA less the net financial debt.

Adjusted equity

balance sheet 30-11-2024
Equity (10/15)
€545,778
Revaluation of assets
€0
Deferred tax on the revaluation
€0
Other adjustment
€0
Adjusted equity
€545,778

Capitalised earnings

net result for the year (9904)
2024
€71,221
2023
€98,082
2021
€14,412
2020
€10,220
2019
€33,621
Average result
€61,238
Divided by the capitalisation rate
14% / 12% / 10%
Capitalised earnings
€437,414 / €510,317 / €612,380

What this indication leaves out

  • Market prices and comparable transactions: Checked does not hold them.
  • Anything after the latest accounts, and items off the balance sheet (guarantees, leases, disputes).
  • The real value of buildings, stock and receivables: enter your own revaluation or adjustment.
  • The owner's role in the business, synergies for a buyer and the tax consequences of a sale.

For a valuation to decide on: a company auditor or a certified accountant.

Source: filed annual accounts (NBB), latest balance sheet at 30 November 2024. Prepared on 28 September 2026 via checked.be. Indication, not a valuation or advice.