MABEV (0768.314.630): financials and annual accounts

MABEV

Ghent ·KBO/BCE: BE 0768.314.630

Line	2025	2024	2023	2022
Balance sheet: assets
Total assets`20/58`	821,673	583,164	396,932	260,699
Fixed assets`21/28`	71,947	12,775	13,696	12,247
Tangible fixed assets`22/27`	71,947	12,775	13,696	12,247
Land and buildings`22`	9,110	8,384	6,556	2,127
Furniture and vehicles`24`	38,957	4,391	7,140	10,120
Other tangible fixed assets`26`	23,881	-	-	-
Current assets`29/58`	749,726	570,389	383,237	248,452
Amounts receivable within one year`40/41`	-	167	12,786	2,035
Trade receivables`40`	-	-	12,100	-
Other amounts receivable`41`	-	167	686	2,035
Current investments`50/53`	451,415	200,666	-	-
Cash at bank and in hand`54/58`	297,491	368,790	369,720	245,125
Deferred charges and accrued income`490/1`	820	766	730	1,292
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	821,673	583,164	396,932	260,699
Equity`10/15`	713,395	473,936	310,132	180,394
Contributions`10/11`	25,000	25,000	25,000	25,000
Reserves`13`	688,395	448,936	285,132	155,394
Distributable reserves`133`	688,395	448,936	285,132	155,394
Amounts payable`17/49`	108,278	109,228	86,800	80,304
Amounts payable within one year`42/48`	108,278	109,228	86,800	80,304
Trade debts`44`	8,477	5,244	4,502	4,856
Suppliers`440/4`	8,477	5,244	4,502	4,856
Taxes, remuneration and social security`45`	99,746	103,984	82,298	75,448
Taxes`450/3`	99,746	103,984	82,298	75,448
Other amounts payable`47/48`	55	-	-	-
Income statement
Gross operating margin`9900`	323,968	238,230	197,251	219,707
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	7,399	2,905	3,038	2,909
Other operating charges`640/8`	1,299	528	516	695
Operating profit (loss)`9901`	315,270	234,797	193,698	216,103
Financial income`75/76B`	38,191	2,712	14	18
Recurring financial income`75`	38,191	2,712	14	18
Financial charges`65/66B`	2,561	1,885	246	171
Recurring financial charges`65`	2,561	1,885	246	171
Profit (loss) for the period before taxes`9903`	350,900	235,624	193,466	215,951
Income taxes`67/77`	111,441	71,820	63,728	60,556
Profit (loss) for the period`9904`	239,459	163,804	129,738	155,394
Profit (loss) for the period to be appropriated`9905`	239,459	163,804	129,738	155,394
Appropriation of the result
Profit (loss) to be appropriated`9906`	239,459	163,804	129,738	155,394
Transfer to equity`691/2`	239,459	163,804	129,738	155,394
To other reserves`6921`	239,459	163,804	129,738	155,394
Document	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	26-06-2026	2026-00203902	PDF
31-12-2024	micro format	27-06-2025	2025-00185830	PDF
31-12-2023	micro format	03-07-2024	2024-00201085	PDF
31-12-2022	micro format	06-07-2023	2023-00207633	PDF

Line	2025	2024	2023	2022
EBITDA	322,669	237,703	196,735	219,012
Cash flow	246,858	166,709	132,776	158,304
Investment in fixed assets	66,571	1,985	4,486	15,156
Change in cash	-71,298	-930	124,595	-
Working capital	641,447	461,161	296,437	168,147
Solvency	86.8%	81.3%	78.1%	69.2%
Current ratio	6.92	5.22	4.42	3.09
Debt to equity	0.15	0.23	0.28	0.45
ROE	33.6%	34.6%	41.8%	86.1%
ROA	29.1%	28.1%	32.7%	59.6%
Interest coverage	over 100	over 100	over 100	over 100

Item	2025	2024	2023	2022
Tangible fixed assets	€66,571	€1,985	€4,486	€15,156
Depreciation and write-downs of the year	€7,399	€2,905	€3,038	€2,909

MABEV

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency86.8%

Current ratio6.92

Return on assets29.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MABEV

Next steps