MUTEC

Active Private limited companyfounded 2009active for 17 yearsEugène Bekaertlaan 65, 8790 WaregemKBO/BCE: BE 0810.416.291 subsidiary of WILLY NAESSENS BUILD

Part of the group Koutermolen 63 companies in 5 countries

See the group

MUTEC

Financial year 2025

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Annual accounts 2025

full format, filed on 15-07-2026, 16 days before the deadline

€13.4m

▼ 10.8%

€100,301

▼ 58.0%

€212,470

▼ 31.6%

€141,968

▼ 44.6%

39.7%

▲ 2.1 percentage points

1.90

▲ 0.13

Money flows

of every €100 of turnover, €0.22 remains as profit in 2025

Balance sheet

balance sheet total €6.0m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

39.7%

Higher than 46% of 2,463 companies in 2025.

1.90

Higher than 58% of 2,436 companies in 2025.

0.5%

Higher than 27% of 2,454 companies in 2025.

MUTEC Middle half of the sector 80% of the sector Full accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter

Staff

Men and women8% women

28.7 men and 2.5 women in full-time equivalents in 2025.

€71,552

Staff costs divided by the average number of full-time equivalents.

+2 people

people who joined people who left

In 2025, 8 people joined and 6 left. Training hours in 2025: 576. Agency workers: 8.7 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
`20/58`	6.0m	6.2m	7.7m	7.3m	7.0m	5.9m	4.7m	3.2m	3.1m	3.4m	3.2m	2.2m	2.9m	1.7m	1.4m	870,001
`21/28`	412,233	257,910	140,540	147,146	206,843	261,649	314,924	274,986	293,782	275,074	231,221	215,509	180,684	156,104	226,571	243,028
`22/27`	412,233	257,910	140,540	147,146	206,843	260,369	313,644	273,706	292,502	273,794	229,941	212,229	177,404	151,324	221,791	235,106
`22`	5,745	8,032	10,319	-	-	-	-	-	696	1,416	2,136	2,857	3,805	2,068	3,447	4,826
`23`	18,444	10,228	24,234	43,686	66,847	58,838	86,585	48,154	59,643	69,647	55,539	62,104	58,960	58,228	68,036	61,804
`24`	388,043	239,651	105,987	103,459	139,996	201,531	227,059	225,553	232,162	202,731	172,266	147,268	114,639	91,027	150,308	168,476
`28`	-	-	-	-	0	1,280	1,280	1,280	1,280	1,280	1,280	3,280	3,280	4,780	4,780	7,923
`284/8`	-	-	-	-	0	1,280	1,280	1,280	1,280	1,280	1,280	3,280	3,280	-	-	-
`285/8`	-	-	-	-	0	1,280	1,280	1,280	1,280	1,280	1,280	3,280	3,280	-	-	-
`29/58`	5.6m	6.0m	7.6m	7.1m	6.8m	5.7m	4.4m	2.9m	2.8m	3.1m	3.0m	2.0m	2.8m	1.6m	1.2m	626,972
`3`	932,980	516,197	385,619	386,704	591,247	22,572	95,922	107,288	256,371	138,331	33,830	124,788	632,675	104,784	128,414	68,292
`30/36`	658,980	516,197	385,619	386,704	591,247	22,572	95,922	107,288	237,364	61,435	23,717	81,889	80,053	104,784	128,414	50,918
`34`	658,980	516,197	385,619	386,704	591,247	22,572	95,922	107,288	237,364	61,435	23,717	81,889	80,053	-	-	-
`37`	274,000	-	-	-	-	-	-	-	19,007	76,896	10,113	42,899	552,622	-	-	17,374
`40/41`	3.8m	4.9m	4.7m	3.4m	3.5m	2.3m	2.9m	2.1m	2.4m	2.0m	2.4m	1.1m	1.4m	1.3m	902,064	476,761
`40`	3.4m	4.1m	4.2m	2.9m	2.9m	2.0m	2.7m	1.9m	2.2m	1.9m	2.3m	947,984	1.2m	1.2m	778,226	393,682
`41`	412,529	819,833	440,760	449,392	610,868	328,043	261,795	255,468	196,080	135,922	57,452	192,509	224,073	83,786	123,838	83,079
`54/58`	782,376	551,363	2.5m	3.4m	2.7m	3.4m	1.4m	630,992	155,397	964,348	618,912	700,905	712,565	202,445	130,606	81,387
`490/1`	10,893	24,910	19,317	1,405	-	-	-	10,035	9,231	-	-	-	-	2,880	-	532
Balance sheet: equity and liabilities
`10/49`	6.0m	6.2m	7.7m	7.3m	7.0m	5.9m	4.7m	3.2m	3.1m	3.4m	3.2m	2.2m	2.9m	1.7m	1.4m	870,001
`10/15`	2.4m	2.3m	2.2m	3.6m	2.2m	2.1m	1.6m	1.1m	763,640	732,566	494,390	181,034	77,029	76,397	50,768	-126,786
`10/11`	218,550	218,550	218,550	218,550	218,550	218,550	218,550	218,550	218,550	218,550	218,550	218,550	218,550	6,200	6,200	6,200
`100`	-	-	-	-	-	-	218,550	218,550	218,550	218,550	218,550	218,550	218,550	18,550	18,550	18,550
`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	12,350	12,350	12,350
`13`	2.0m	2.0m	1.9m	3.4m	2.0m	1.8m	21,855	21,855	21,855	21,855	21,855	1,855	1,855	1,855	1,855	-
`130/1`	-	-	0	21,855	21,855	21,855	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	21,855	21,855	21,855	21,855	21,855	1,855	1,855	1,855	1,855	-
`1311`	-	-	0	21,855	21,855	21,855	-	-	-	-	-	-	-	-	-	-
`133`	2.0m	2.0m	1.9m	3.4m	2.0m	1.8m	-	-	-	-	-	-	-	-	-	-
`14`	158,798	128,998	44,751	5,514	654	41,397	1.3m	896,903	523,235	492,161	253,985	-39,371	-143,376	68,342	42,713	-132,986
`16`	-	-	-	-	-	-	-	-	-	75,000	-	-	-	-	-	-
`160/5`	-	-	-	-	-	-	-	-	-	75,000	-	-	-	-	-	-
`162`	-	-	-	-	-	-	-	-	-	75,000	-	-	-	-	-	-
`17/49`	3.6m	3.9m	5.6m	3.7m	4.8m	3.8m	3.2m	2.0m	2.4m	2.6m	2.7m	2.0m	2.9m	1.7m	1.3m	996,786
`17`	665,000	500,000	-	-	-	-	1,722	25,464	64,729	52,814	128,758	260,061	296,431	216,154	263,721	319,189
`170/4`	-	-	-	-	-	-	1,722	25,464	64,729	52,814	128,758	260,061	296,431	216,154	263,721	319,189
`170`	-	-	-	-	-	-	-	-	-	-	100,000	200,000	225,000	-	-	-
`173`	-	-	-	-	-	-	1,722	25,464	64,729	52,814	28,758	60,061	71,431	-	-	-
`178/9`	665,000	500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	2.9m	3.4m	5.6m	3.6m	4.8m	3.8m	3.2m	2.0m	2.3m	2.5m	2.6m	1.7m	2.6m	1.4m	995,651	630,572
`42`	-	-	-	-	0	1,722	23,741	39,265	51,354	35,319	31,304	33,265	33,939	114,303	55,469	53,236
`43`	-	-	-	-	-	-	-	-	445,000	170,000	420,000	400,000	500,000	250,000	-	150,000
`430/8`	-	-	-	-	-	-	-	-	445,000	170,000	420,000	400,000	500,000	250,000	-	150,000
`44`	2.7m	2.4m	2.5m	2.9m	4.6m	3.2m	2.6m	1.6m	1.7m	2.0m	2.0m	1.2m	2.0m	1.0m	722,603	400,389
`440/4`	2.7m	2.4m	2.5m	2.9m	4.6m	3.2m	2.6m	1.6m	1.7m	2.0m	2.0m	1.2m	2.0m	1.0m	722,603	400,389
`46`	0	777,722	747,185	487,737	95,422	424,393	226,379	69,693	-	-	-	-	-	-	-	-
`45`	179,532	157,373	285,855	224,621	164,618	166,949	327,539	286,604	93,954	269,861	182,778	73,536	48,502	69,723	137,929	26,947
`450/3`	13,138	10,113	159,943	112,808	61,257	47,508	263,167	215,059	45,774	176,314	153,849	9,604	7,573	51,091	111,939	8,606
`454/9`	166,393	147,260	125,913	111,813	103,361	119,441	64,372	71,545	48,180	93,546	28,929	63,932	40,929	18,632	25,990	18,341
`47/48`	-	0	2.0m	-	-	-	-	-	-	-	-	-	-	-	79,651	-
`492/3`	9,330	5,772	12,010	6,000	6,384	11,016	7,465	6,271	30,202	14,336	11,541	-	-	933	77,515	47,026
Income statement
`70/76A`	14.6m	15.1m	16.9m	17.6m	14.6m	12.9m	11.5m	9.5m	9.6m	8.2m	7.9m	6.7m	7.4m	-	-	-
`70`	13.4m	15.0m	17.0m	17.9m	14.2m	13.0m	11.5m	9.6m	9.6m	8.1m	7.8m	7.1m	6.8m	-	-	-
`71`	1.1m	-30,536	-259,449	-392,315	328,971	-198,014	-156,686	-88,700	-57,889	66,783	-32,786	-509,723	552,622	-	-	-
`74`	97,630	90,547	152,599	111,354	68,981	-	-	-	-	-	-	-	-	-	-	-
`76A`	5,950	3,800	1,196	3,923	0	9,549	14,923	5,784	9,597	8,151	8,900	3,136	1,339	1,031	424	-
`9900`	-	-	-	-	-	-	-	-	-	-	-	-	-	438,918	840,489	454,598
`60/66A`	14.5m	14.9m	16.2m	15.7m	14.5m	12.2m	10.8m	8.9m	9.5m	7.8m	7.3m	6.6m	7.6m	-	-	-
`60`	9.2m	9.9m	11.5m	11.6m	11.0m	8.8m	7.6m	5.5m	6.6m	4.6m	4.6m	5.0m	5.9m	-	-	-
`600/8`	9.3m	10.0m	11.5m	11.4m	11.6m	8.7m	7.6m	5.4m	6.7m	4.7m	4.5m	5.0m	5.9m	-	-	-
`609`	-142,783	-130,578	1,085	204,543	-568,675	73,350	11,366	130,076	-175,929	-37,718	58,172	-1,835	24,730	-	-	-
`61`	2.9m	2.9m	2.8m	2.3m	1.8m	1.6m	1.6m	1.6m	1.6m	1.5m	1.7m	832,154	1.1m	-	-	-
`62`	2.2m	2.0m	1.8m	1.7m	1.6m	1.7m	1.5m	1.6m	1.3m	1.4m	961,240	722,039	488,379	283,406	310,908	387,089
`630`	112,169	71,940	71,968	85,890	110,179	127,161	118,215	116,611	103,976	72,598	73,093	69,002	119,369	97,664	107,576	108,460
`635/8`	-	-	-	-	-	-	-	-	-75,000	75,000	-	-	-	-	-	-
`640/8`	13,294	18,533	40,145	16,457	15,524	11,489	26,395	20,029	9,579	12,085	16,968	8,127	11,260	3,819	2,473	3,467
`66A`	52,989	6,030	13,313	4,843	1,280	2,429	100	-	-	41,036	3,500	10,262	5,599	-	38,465	62,558
`9901`	100,301	238,859	743,720	1.9m	189,362	717,468	622,532	642,640	23,270	483,329	570,403	60,527	-193,213	54,028	419,532	-44,418
`75/76B`	2,847	26,422	1,190	1,598	1,809	4,581	3,785	10,895	58,453	4,736	5,365	65,371	23,925	18,030	13,876	5,492
`75`	2,847	26,422	1,190	1,598	1,809	4,581	3,785	10,895	58,453	4,736	5,365	65,371	23,925	18,030	13,876	5,492
`751`	0	24,100	1,190	1,551	1,809	4,309	1,000	1,327	-	-	20	7,772	7,463	-	-	-
`752/9`	2,847	2,323	0	47	0	272	2,785	9,568	58,453	4,736	5,345	57,599	16,462	-	-	-
`65/66B`	28,398	2,490	3,737	4,006	5,831	4,073	9,231	81,193	19,300	108,278	121,754	14,074	31,641	28,724	33,362	31,428
`65`	28,398	2,490	3,737	4,006	5,831	4,073	9,231	81,193	19,300	108,278	121,754	14,074	31,641	28,724	33,362	31,428
`650`	25,410	-	0	1,585	812	68	336	6,033	4,126	5,418	7,461	10,604	24,179	-	-	-
`652/9`	2,989	2,490	3,737	2,421	5,019	4,005	8,896	75,160	15,174	102,860	114,293	3,470	7,462	-	-	-
`9903`	74,750	262,791	741,173	1.9m	185,339	717,976	617,086	572,342	62,424	379,787	459,414	104,698	-205,189	44,364	362,006	-132,912
`67/77`	44,950	78,544	203,791	494,042	56,083	190,824	199,744	198,673	31,350	141,611	146,058	693	6,529	18,735	104,827	74
`670/3`	44,950	78,544	203,791	494,042	56,083	190,824	199,744	198,673	33,206	141,611	146,058	693	6,529	-	-	-
`77`	-	-	-	-	-	-	-	-	1,856	-	-	-	-	-	-	-
`9904`	29,800	184,247	537,381	1.4m	129,256	527,152	417,342	373,669	31,074	238,176	313,356	104,005	-211,718	25,629	257,179	-132,986
`9905`	29,800	184,247	537,381	1.4m	129,256	527,152	417,342	373,669	31,074	238,176	313,356	104,005	-211,718	25,629	257,179	-132,986
Appropriation of the result
`9906`	158,798	228,998	542,896	1.4m	170,654	1.8m	1.3m	896,903	523,235	492,161	273,985	-39,371	-143,376	68,342	124,193	-132,986
`14P`	128,998	44,751	5,514	654	41,397	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	0	1.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`792`	-	0	1.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	0	100,000	0	1.4m	170,000	1.8m	-	-	-	-	20,000	-	-	-	1,855	-
`6920`	-	-	-	-	-	-	-	-	-	-	20,000	-	-	-	1,855	-
`6921`	0	100,000	0	1.4m	170,000	1.8m	-	-	-	-	-	-	-	-	-	-
`694/7`	-	0	2.0m	-	-	-	-	-	-	-	-	-	-	-	79,625	-
`694`	-	0	2.0m	-	-	-	-	-	-	-	-	-	-	-	79,625	-
Social balance sheet
`9087`	31.2	30.3	28.4	27.9	29.6	32.3	28.5	31.4	24.7	27.3	19.3	14.1	8	5.9	8	8.2
Men (FTE)`1003`	28.7	27.5	24.9	24.4	26.7	29.3	26	28.7	22.3	24.8	18.3	13.1	7	-	-	-
Women (FTE)`1003`	2.5	2.8	3.5	3.5	2.9	3	2.5	2.7	2.4	2.5	1	1	1	-	-	-
Agency workers`1501`	8.7	5	120.5	1	1	0.9	1.6	14.5	14.4	12.8	15.6	3	3.3	-	-	-
Hours worked`1013`	47,188	42,645	38,102	38,061	39,454	44,940	40,226	48,138	37,890	43,837	28,404	21,280	14,504	8,730	10,749	12,564
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The notes to these accounts have 96 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.

Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	15-07-2026	2026-00302332	PDF
31-12-2024	full format	24-06-2025	2025-00189396	PDF
31-12-2023	full format	24-07-2024	2024-00291964	PDF
31-12-2022	full format	17-07-2023	2023-00247425	PDF
31-12-2021	full format	11-07-2022	2022-20187973	PDF
31-12-2020	full format	15-10-2021	2021-72200579	PDF
31-12-2019	full format	13-07-2020	2020-30900343	PDF
31-12-2018	full format	30-07-2019	2019-42000279	PDF
31-12-2017	full format	20-07-2018	2018-35900515	PDF
31-12-2016	full format	28-06-2017	2017-24000119	PDF
31-12-2015	full format	30-06-2016	2016-27000159	PDF
31-12-2014	full format	10-07-2015	2015-29900426	PDF
31-12-2013	full format	24-07-2014	2014-34300460	PDF
31-08-2012	abbreviated format	14-12-2012	2012-66500225	PDF
31-08-2011	abbreviated format	23-11-2011	2011-61400580	PDF
31-08-2010	abbreviated format	15-12-2010	2010-63100217	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
212,470	310,799	815,688	2.0m	299,541	844,630	740,747	759,251	127,246	555,927	643,496	129,529	-73,844	151,693	527,108	64,042
141,968	256,187	609,350	1.5m	239,436	654,313	535,557	490,280	135,050	310,774	386,449	173,007	-92,349	123,293	364,755	-24,526
266,491	189,310	65,363	26,193	56,653	78,846	166,280	101,831	123,537	174,966	90,805	103,827	171,906	27,197	94,541	348,395
231,014	-2.0m	-844,168	644,427	-603,347	2.0m	757,508	475,595	-808,951	345,436	-81,993	-11,660	510,121	71,839	49,218	-
2.6m	2.6m	2.0m	3.5m	2.0m	1.8m	1.2m	894,056	564,789	599,642	403,468	225,586	192,776	137,380	165,433	-3,600
0.7%	1.6%	4.4%	10.7%	1.3%	5.5%	5.4%	6.7%	0.2%	6.0%	7.3%	0.8%	-2.8%	-	-	-
39.7%	37.7%	27.9%	49.8%	31.4%	35.2%	32.9%	36.0%	24.3%	21.7%	15.3%	8.3%	2.6%	4.4%	3.7%	-14.6%
1.90	1.77	1.37	1.96	1.42	1.48	1.40	1.45	1.25	1.24	1.15	1.13	1.08	1.09	1.17	0.99
1.58	1.62	1.30	1.85	1.29	1.47	1.37	1.39	1.14	1.18	1.14	1.06	0.83	1.02	1.04	0.89
1.52	1.65	2.58	1.01	2.19	1.84	2.04	1.78	3.11	3.51	5.55	11.05	37.16	21.77	26.33	-
1.3%	7.8%	24.8%	39.0%	5.8%	25.3%	26.8%	32.9%	4.1%	32.5%	63.4%	57.5%	-274.9%	33.5%	506.6%	-
0.5%	3.0%	6.9%	19.4%	1.8%	8.9%	8.8%	11.8%	1.0%	7.1%	9.7%	4.8%	-7.2%	1.5%	18.5%	-15.3%
8.36	over 100	-	over 100	over 100	over 100	over 100	over 100	30.84	over 100	86.25	12.22	-3.05	-	-	-
93 days	99 days	90 days	59 days	74 days	55 days	84 days	72 days	85 days	84 days	107 days	48 days	64 days	-	-	-
83 days	70 days	65 days	77 days	131 days	114 days	102 days	82 days	75 days	120 days	115 days	78 days	103 days	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	30	28	30	27	30
full-time	26	25	29	25	28
part-time	4	3	1	2	2
in full-time equivalents	29.3	27.5	29.5	26.3	29.3
	31.2	30.3	28.4	27.9	29.6
On a permanent contract	30	28	30	27	30
Joined	8	4	10	3	5
Left	6	6	7	6	8
Agency workers, average number	8.7	5	120.5	1	1
Training hours	576	-	-	-	161

Source: social balance sheet in the 2021 to 2025 annual accounts

Overdue debts

tax and social security

Item	2025	2024	2023	2022	2021
Overdue social security (RSZ) debts	-	-	-	-	€0

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

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€266,491	€189,310	€65,363	€26,193	€56,653
Financial fixed assets	€0	-	-	-	-
	€112,169	€71,940	€71,968	€85,890	€110,179

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

Auditor

fees

Item	2025	2024	2023	2022	2021
Fee for the audit	€3,000	€3,000	€3,000	€3,000	€3,000

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Insights on MUTEC

The operating result for 2025 is 58% lower than in 2024 and the lowest since 2017. It is the third fall in a row.

Debt's share of the balance-sheet total falls from 62.3% to 60.3%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency39.7%

Current ratio1.90

Return on assets0.5%

Staff

Men and women8% women

Staff cost per FTE€71,552

Joined and left+2 people

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Overdue debts

Investments

Auditor

Insights on MUTEC

Next steps

in €m

in euro

39.7%

1.90

0.5%

€71,552

+2 people