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Private limited company (pre-2019)founded 1985active for 41 yearsLaagbulsstraat 37, 3570 Alken, BelgiumKBO/BCE: BE 0426.832.464

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 43 days after the deadline Filed on 12 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00514747.

Annual accounts 2025 filed on 12-09-2026 at the NBB all 40 filings

Equity
€92,994▲ 101%
2024 · €46,156
Net result
€46,839▲ 216%
2024 · €14,842
Total assets
€236,538▲ 20.8%
2024 · €195,875
Solvency
39.3%▲ 15.8pp
2024 · 23.6%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 56% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Operating result€26,854 2025 Net result€46,839 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€76,079-€10,277▼ 86.5%-€16,647-€28,242▼ 69.7%-€13,006▲ 54.0%€5,070€17,179▲ 239%€26,854▲ 56.3%
Net result€49,438-€8,321▼ 83.2%-€18,840below the sector's middle half-€30,351below the sector's middle half▼ 61.1%-€14,993below the sector's middle half▲ 50.6%€3,204below the sector's middle half€14,842within the sector's middle half▲ 363%€46,839within the sector's middle half▲ 216%
Equity€80,425-€92,827▲ 15.4%€73,453below the sector's middle half▼ 20.9%€43,103below the sector's middle half▼ 41.3%€28,110below the sector's middle half▼ 34.8%€31,314below the sector's middle half▲ 11.4%€46,156below the sector's middle half▲ 47.4%€92,994below the sector's middle half▲ 101%
Total assets€121,153-€252,509▲ 108%€226,541below the sector's middle half▼ 10.3%€204,053below the sector's middle half▼ 9.9%€167,698below the sector's middle half▼ 17.8%€187,462below the sector's middle half▲ 11.8%€195,875below the sector's middle half▲ 4.5%€236,538below the sector's middle half▲ 20.8%
Debt€14,087-€137,945▲ 879%€131,513▼ 4.7%€140,072▲ 6.5%€119,406▼ 14.8%€136,662▲ 14.5%€130,928▼ 4.2%€125,449▼ 4.2%
Working capital€101,986-€83,798▼ 17.8%€62,900within the sector's middle half▼ 24.9%€25,658within the sector's middle half▼ 59.2%€10,613within the sector's middle half▼ 58.6%€7,755within the sector's middle half▼ 26.9%€14,060within the sector's middle half▲ 81.3%€42,441within the sector's middle half▲ 202%
Solvency66.4%-36.8%▼ 29.6pp32.4%within the sector's middle half▼ 4.3pp21.1%below the sector's middle half▼ 11.3pp16.8%below the sector's middle half▼ 4.4pp16.7%below the sector's middle half▼ 0.1pp23.6%below the sector's middle half▲ 6.9pp39.3%within the sector's middle half▲ 15.8pp
Current ratio8.24-4.41▼ 3.833.45above the sector's middle half▼ 0.961.61within the sector's middle half▼ 1.841.43within the sector's middle half▼ 0.191.15within the sector's middle half▼ 0.281.26within the sector's middle half▲ 0.111.75within the sector's middle half▲ 0.49
Return on assets (ROA)40.8%-3.3%▼ 37.5pp-8.3%below the sector's middle half▼ 11.6pp-14.9%below the sector's middle half▼ 6.6pp-8.9%below the sector's middle half▲ 5.9pp1.7%within the sector's middle half▲ 10.6pp7.6%within the sector's middle half▲ 5.9pp19.8%above the sector's middle half▲ 12.2pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236,538
Fixed assets €137,733 ▲ 7.4%
Current assets €98,805 ▲ 46.2%
Equity and liabilities €236,538
Equity €92,994 ▲ 101%
Provisions €18,095 ▼ 3.7%
Debt €125,449 ▼ 4.2%
Debt's share of the balance-sheet total falls from 66.8% to 53.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
50.4%▲
2024 · 32.2%
Debt ≤ 1 year
€56,364▲
2024 · €53,533
Debt > 1 year
€66,153▼
2024 · €74,395
Income taxes
€1,825
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€105,876€98,224€90,428€82,486€74,395
Mortgages, amount registered€0---€0
Mortgage mandates€137,500€137,500€137,500€137,500€137,500
Carrying value of the mortgaged assets€128,636€124,848€121,061€121,931€129,804

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€2,600--€4,717€14,748
Depreciation and write-downs of the year€4,057€4,308€4,308€4,367€5,297

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as MRM: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €203,000 and €304,000, founded between 1981 and 1989.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
MRM Alken1985€236,538€92,994€33,802€46,839-2025
JS CONSULT Bilzen-Hoeselt1988€231,121€142,241€29,007€13,550-2025
STEVENS HOLDING - EURO CAP Leuven1987€280,972€263,577€31,028€10,90202025
DOUIRA Knokke-Heist1986€294,841€98,280€37,292€6,561-2025
Clarysse M & F Brugge1982€246,366€106,681€27,575-€1,305-2025
GINGERBREAD HOUSE Schoten1981€304,153€183,893€32,466€12,387-2025
Piet LUYS R & D Etterbeek1989€202,854€167,382€37,941€16,949-2025

They were chosen from the 20,095 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 at the NBB, filed on 12-09-2026.

Balance sheet Code20242025
Assets
Total assets20/58€195,875€236,538▲
Fixed assets21/28€128,282€137,733▲
Tangible fixed assets22/27€122,702€132,153▲
Land and buildings22€121,931€129,804▲
Plant, machinery and equipment23-€2,098
Other tangible fixed assets26€771€251▼
Financial fixed assets28€5,580€5,580=
Current assets29/58€67,593€98,805▲
Amounts receivable within one year40/41€4,301€5,134▲
Trade receivables40€3,739€4,837▲
Other amounts receivable41€562€296▼
Cash at bank and in hand54/58€63,292€93,041▲
Deferred charges and accrued income490/1-€630
Equity and liabilities
Total equity and liabilities10/49€195,875€236,538▲
Equity10/15€46,156€92,994▲
Contributions10/11€18,600€18,600=
Reserves13€58,232€74,394▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€56,372€54,284▼
Distributable reserves133-€18,250
Profit (loss) carried forward14-€30,676-
Provisions and deferred taxes16€18,791€18,095▼
Deferred taxes168€18,791€18,095▼
Amounts payable17/49€130,928€125,449▼
Amounts payable after more than one year17€74,395€66,153▼
Financial debts170/4€74,395€66,153▼
Amounts payable within one year42/48€53,533€56,364▲
Current portion of amounts payable after more than one year42€8,091€8,243▲
Trade debts44€2,197€4,454▲
Suppliers440/4€2,197€4,454▲
Taxes, remuneration and social security45€2,890€4,548▲
Taxes450/3€2,890€4,548▲
Other amounts payable47/48€40,355€39,120▼
Accrued charges and deferred income492/3€3,000€2,932▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,367€5,297▲
Other operating charges640/8€1,630€1,652▲
Gross operating margin9900€23,176€33,802▲
Operating profit (loss)9901€17,179€26,854▲
Financial income75/76B€246€25,458▲
Recurring financial income75€246€25,458▲
Financial charges65/66B€3,279€4,344▲
Recurring financial charges65€3,279€4,344▲
Profit (loss) for the period before taxes9903€14,146€47,968▲
Transfer from deferred taxes780€696€696=
Income taxes67/77-€1,825
Profit (loss) for the period9904€14,842€46,839▲
Transfer from tax-exempt reserves789€2,088€2,088=
Profit (loss) for the period to be appropriated9905€16,930€48,927▲
Appropriation of the result
Profit (loss) to be appropriated9906-€30,676€18,250▲
Profit (loss) brought forward from the previous period14P-€47,606-€30,676▲
Transfer to equity691/2-€18,250
To other reserves6921-€18,250

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€2,479-€620---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,718€31,006€6,150€4,057€4,308€4,308€4,367€5,297▲ 21.3%
Other operating charges640/8---€1,003€3,424€1,662€1,630€1,652▲ 1.3%
Gross operating margin9900€79,612€43,786-€6,365-€23,182-€5,274€11,040€23,176€33,802▲ 45.9%
Operating profit (loss)9901€76,079€10,277-€16,647-€28,242-€13,006€5,070€17,179€26,854▲ 56.3%
Financial income75/76B-----€240€246€25,458▲ 103×
Recurring financial income75-----€240€246€25,458▲ 103×
Financial charges65/66B---€2,804€2,684€2,802€3,279€4,344▲ 32.5%
Recurring financial charges65€0€2,779€2,890€2,804€2,684€2,802€3,279€4,344▲ 32.5%
Profit (loss) for the period before taxes9903€76,079€7,498-€19,536-€31,047-€15,689€2,508€14,146€47,968▲ 239%
Transfer from deferred taxes780---€696€696€696€696€696=
Income taxes67/77-------€1,825-
Profit (loss) for the period9904€49,438€8,321-€18,840-€30,351-€14,993€3,204€14,842€46,839▲ 216%
Transfer from tax-exempt reserves789---€2,088€2,088€2,088€2,088€2,088=
Profit (loss) for the period to be appropriated9905-€15,787€10,282-€16,753-€28,263-€12,905€5,292€16,930€48,927▲ 189%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€121,153€252,509€226,541€204,053€167,698€187,462€195,875€236,538▲ 20.8%
Fixed assets21/28€5,080€144,155€138,004€136,547€132,239€127,931€128,282€137,733▲ 7.4%
Tangible fixed assets22/27€5,080€138,575€132,424€130,967€126,659€122,351€122,702€132,153▲ 7.7%
Land and buildings22---€128,636€124,848€121,061€121,931€129,804▲ 6.5%
Plant, machinery and equipment23-------€2,098-
Other tangible fixed assets26---€2,331€1,811€1,291€771€251▼ 67.5%
Financial fixed assets28-€5,580€5,580€5,580€5,580€5,580€5,580€5,580=
Current assets29/58€116,073€108,355€88,537€67,506€35,459€59,531€67,593€98,805▲ 46.2%
Amounts receivable within one year40/41-€107,296€4,384€34,938€9,336€14,846€4,301€5,134▲ 19.4%
Trade receivables40---€30,494€5,348€12,781€3,739€4,837▲ 29.4%
Other amounts receivable41---€4,444€3,989€2,065€562€296▼ 47.3%
Cash at bank and in hand54/58€116,073€1,059€83,315€31,830€25,126€44,685€63,292€93,041▲ 47.0%
Deferred charges and accrued income490/1---€737€997--€630-
Equity and liabilities
Total equity and liabilities10/49€121,153€252,509€226,541€204,053€167,698€187,462€195,875€236,538▲ 20.8%
Equity10/15€80,425€92,827€73,453€43,103€28,110€31,314€46,156€92,994▲ 101%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€65,971€74,227€66,583€64,496€62,408€60,320€58,232€74,394▲ 27.8%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Tax-exempt reserves132---€62,636€60,548€58,460€56,372€54,284▼ 3.7%
Distributable reserves133-------€18,250-
Profit (loss) carried forward14-€4,146€0-€11,730-€39,993-€52,898-€47,606-€30,676--
Provisions and deferred taxes16€26,641€21,738€21,574€20,879€20,183€19,487€18,791€18,095▼ 3.7%
Deferred taxes168---€20,879€20,183€19,487€18,791€18,095▼ 3.7%
Amounts payable17/49€14,087€137,945€131,513€140,072€119,406€136,662€130,928€125,449▼ 4.2%
Amounts payable after more than one year17-€113,388€105,876€98,224€90,428€82,486€74,395€66,153▼ 11.1%
Financial debts170/4---€98,224€90,428€82,486€74,395€66,153▼ 11.1%
Amounts payable within one year42/48€14,087€24,557€25,637€41,847€24,846€51,776€53,533€56,364▲ 5.3%
Current portion of amounts payable after more than one year42---€7,652€7,796€7,942€8,091€8,243▲ 1.9%
Trade debts44€1,880€1,700€1,703€17,715€309€6,199€2,197€4,454▲ 103%
Suppliers440/4---€17,715€309€6,199€2,197€4,454▲ 103%
Taxes, remuneration and social security45---€355€183€355€2,890€4,548▲ 57.4%
Taxes450/3---€355€183€355€2,890€4,548▲ 57.4%
Other amounts payable47/48---€16,125€16,558€37,280€40,355€39,120▼ 3.1%
Accrued charges and deferred income492/3----€4,132€2,400€3,000€2,932▼ 2.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€49,438€8,321-€18,840-€30,351-€14,993€3,204€14,842€46,839▲ 216%
+ Depreciation and write-downs630€2,718€31,006€6,150€4,057€4,308€4,308€4,367€5,297▲ 21.3%
Operating cash flow (approximation)€52,156€39,327-€12,690-€26,293-€10,685€7,512€19,208€52,135▲ 171%
Investment in fixed assets (approximation)--€170,080€0-€2,600€0€0-€4,717-€14,748▼ 213%
Change in cash--€115,014€82,256-€51,485-€6,704€19,559€18,606€29,750▲ 59.9%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 40 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 12-09-2026 2026-00514747 NBB
31-12-2024 abbreviated format 29-08-2025 2025-00478189 PDF
31-12-2023 abbreviated format 30-09-2024 2024-00491367 PDF
31-12-2022 abbreviated format 30-09-2023 2023-00473003 PDF
31-12-2021 abbreviated format 31-08-2022 2022-20426354 PDF
31-12-2020 abbreviated format 30-08-2021 2021-59400576 PDF
31-12-2019 abbreviated format 07-10-2020 2020-60500428 PDF
31-12-2018 abbreviated format 29-08-2019 2019-61000183 PDF
31-12-2017 abbreviated format 07-06-2018 2018-16700507 PDF
31-12-2016 abbreviated format 08-05-2018 2018-12600402 PDF

Show all 40 filings

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