MvB
Annual accounts 2025
abbreviated format, filed on 24-07-2026, 7 days before the deadlineMoney flows
of every €100 of turnover, €20.24 remains as profit in 2025Balance sheet
balance sheet total €137,660 on 31-12-2025in euro
in euro
Position in the sector
97.5%
Higher than 95% of 47 companies in 2025.
2.73
Higher than 65% of 44 companies in 2025.
7.3%
Higher than 73% of 45 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
137,660 | 147,915 | 136,525 | 119,790 | 122,586 | 133,309 | 138,239 | 148,757 | 157,092 | 164,700 | 179,938 | 172,684 | 186,272 | 193,802 | |
20 |
- | - | - | - | - | - | 884 | 1,728 | 2,159 | 2,699 | 3,374 | - | - | - | |
21/28 |
128,069 | 137,336 | 129,181 | 115,305 | 117,287 | 123,831 | 130,106 | 138,764 | 147,270 | 155,070 | 170,466 | 160,654 | 167,278 | 173,825 | |
22/27 |
127,919 | 137,186 | 129,181 | 115,305 | 117,287 | 123,831 | 130,106 | 138,764 | 147,270 | 155,070 | 167,092 | 160,654 | 167,278 | 173,825 | |
22 |
96,772 | 100,268 | 103,764 | 107,260 | 110,756 | 114,252 | 117,748 | 121,244 | 124,740 | 128,236 | 131,732 | 135,228 | 135,339 | 138,665 | |
23 |
16,695 | 17,778 | 17,632 | 4,363 | 4,608 | 7,915 | 11,234 | 15,663 | 20,421 | 25,178 | 29,936 | 16,095 | 17,900 | 18,075 | |
24 |
14,452 | 19,140 | 7,785 | 3,682 | 1,923 | 1,664 | 1,124 | 1,857 | 2,109 | 1,656 | 5,424 | 9,331 | 14,039 | 17,085 | |
28 |
150 | 150 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
9,591 | 10,579 | 7,344 | 4,485 | 5,299 | 9,478 | 7,249 | 8,265 | 7,663 | 6,931 | 9,472 | 12,030 | 18,994 | 19,977 | |
3 |
2,296 | 2,296 | 2,296 | 2,296 | 2,296 | 2,296 | 2,296 | 3,546 | 2,296 | 2,296 | 2,296 | 2,296 | - | - | |
30/36 |
2,296 | 2,296 | 2,296 | 2,296 | 2,296 | 2,296 | 2,296 | 3,546 | 2,296 | 2,296 | 2,296 | 2,296 | - | - | |
40/41 |
2,421 | 7,398 | 812 | - | 1,338 | 2,122 | 2,704 | 2,768 | 2,421 | 2,484 | 4,937 | 7,166 | 9,162 | 13,917 | |
40 |
2,421 | 7,349 | 756 | - | 575 | 545 | 545 | 1,191 | 1,097 | 1,054 | 2,458 | 6,319 | 8,763 | 13,671 | |
41 |
- | 49 | 56 | - | 763 | 1,577 | 2,159 | 1,577 | 1,324 | 1,430 | 2,479 | 847 | 399 | 246 | |
54/58 |
4,874 | 885 | 4,236 | 2,189 | 1,665 | 5,060 | 2,249 | 1,951 | 2,946 | 2,151 | 2,239 | 2,568 | 9,832 | 6,060 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
137,660 | 147,915 | 136,525 | 119,790 | 122,586 | 133,309 | 138,239 | 148,757 | 157,092 | 164,700 | 179,938 | 172,684 | 186,272 | 193,802 | |
10/15 |
134,153 | 124,128 | 100,344 | 41,887 | 7,229 | -5,498 | -12,606 | -15,057 | -19,586 | -14,368 | 6,804 | -16,940 | -9,474 | 4,116 | |
10/11 |
105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 105,792 | 18,600 | 18,600 | 18,600 | |
13 |
4,371 | 4,371 | 4,371 | 4,371 | 4,371 | 4,371 | 4,371 | 4,371 | 4,371 | 4,371 | 4,371 | - | - | - | |
130/1 |
1,864 | 1,864 | 1,864 | 1,864 | 1,864 | 1,864 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,864 | 1,864 | 1,864 | 1,864 | 1,864 | 1,864 | - | - | - | |
1311 |
1,864 | 1,864 | 1,864 | 1,864 | 1,864 | - | - | - | - | - | - | - | - | - | |
132 |
2,507 | 2,507 | 2,507 | 2,507 | 2,507 | 2,507 | 2,507 | 2,507 | 2,507 | 2,507 | 2,507 | - | - | - | |
14 |
23,990 | 13,965 | -9,819 | -68,276 | -102,934 | -115,661 | -122,769 | -125,220 | -129,749 | -124,531 | -103,359 | -35,540 | -28,074 | -14,484 | |
17/49 |
3,507 | 23,787 | 36,181 | 77,903 | 115,357 | 138,807 | 150,845 | 163,814 | 176,678 | 179,068 | 173,134 | 189,624 | 195,746 | 189,686 | |
17 |
- | 873 | - | - | - | - | 9,036 | 18,450 | 27,422 | 35,973 | 44,123 | 52,157 | 59,551 | 66,611 | |
170/4 |
- | 873 | - | - | - | - | 9,036 | 18,450 | 27,422 | 35,973 | 44,123 | 52,157 | 59,551 | 66,611 | |
42/48 |
3,507 | 22,914 | 36,181 | 77,903 | 115,357 | 138,807 | 141,809 | 145,364 | 149,256 | 143,095 | 129,011 | 137,467 | 136,195 | 123,075 | |
42 |
873 | 10,205 | - | - | - | 9,036 | 9,414 | 8,972 | 8,551 | 8,150 | 7,767 | 7,482 | 7,143 | 6,767 | |
44 |
26 | - | - | - | - | - | - | - | 434 | 666 | 56 | 65 | 1,172 | - | |
440/4 |
26 | - | - | - | - | - | - | - | 434 | 666 | 56 | 65 | 1,172 | - | |
45 |
1,773 | 1,306 | 701 | 1,444 | 189 | 1,914 | 541 | 157 | 389 | 133 | - | - | - | 898 | |
450/3 |
1,773 | 1,306 | 701 | 1,444 | 189 | 1,914 | 541 | 157 | 389 | 133 | - | - | - | 898 | |
47/48 |
835 | 11,403 | 35,480 | 76,459 | 115,168 | 127,857 | 131,854 | 136,235 | 139,882 | 134,146 | 121,188 | 129,920 | 127,880 | 115,410 | |
| Income statement | |||||||||||||||
70 |
49,538 | 61,049 | 80,711 | 50,367 | 33,303 | 28,684 | 28,925 | 27,917 | 18,794 | 10,113 | 12,690 | 20,465 | 54,570 | 65,658 | |
9900 |
21,219 | 35,608 | 67,032 | 41,303 | 22,811 | 17,908 | 14,315 | 16,786 | 7,523 | -3,221 | 1,299 | 4,624 | 1,661 | 1,594 | |
60/61 |
28,319 | 25,441 | 13,679 | 9,064 | 10,492 | 10,776 | 14,610 | 11,131 | 11,271 | 13,334 | 11,391 | 15,841 | 52,909 | 64,064 | |
630 |
9,267 | 9,560 | 7,103 | 5,342 | 7,808 | 8,481 | 9,502 | 9,418 | 9,519 | 13,443 | 12,623 | 10,741 | 10,540 | 9,622 | |
640/8 |
1,411 | 1,438 | 1,407 | 1,308 | 2,029 | 1,289 | 1,221 | 1,211 | 1,199 | 2,091 | 2,105 | 1,221 | 1,158 | 695 | |
9901 |
10,541 | 24,610 | 58,522 | 34,653 | 12,974 | 8,138 | 3,592 | 6,157 | -3,195 | -18,755 | -13,429 | -7,338 | -10,037 | -8,723 | |
75/76B |
- | - | - | 102 | - | - | 23 | - | - | - | 346 | 2,993 | 3 | 7 | |
75 |
- | - | - | 102 | - | - | 23 | - | - | - | 346 | 2,993 | 3 | 7 | |
65/66B |
516 | 826 | 65 | 97 | 247 | 1,030 | 1,164 | 1,628 | 2,023 | 2,417 | 2,790 | 3,121 | 3,556 | 5,768 | |
65 |
516 | 826 | 65 | 97 | 247 | 1,030 | 1,164 | 1,628 | 2,023 | 2,417 | 2,790 | 3,121 | 3,556 | 5,768 | |
9903 |
10,025 | 23,784 | 58,457 | 34,658 | 12,727 | 7,108 | 2,451 | 4,529 | -5,218 | -21,172 | -15,873 | -7,466 | -13,590 | -14,484 | |
9904 |
10,025 | 23,784 | 58,457 | 34,658 | 12,727 | 7,108 | 2,451 | 4,529 | -5,218 | -21,172 | -15,873 | -7,466 | -13,590 | -14,484 | |
9905 |
10,025 | 23,784 | 58,457 | 34,658 | 12,727 | 7,108 | 2,451 | 4,529 | -5,218 | -21,172 | -15,873 | -7,466 | -13,590 | -14,484 | |
| Appropriation of the result | |||||||||||||||
9906 |
23,990 | 13,965 | -9,819 | -68,276 | -102,934 | -115,661 | -122,769 | -125,220 | -129,749 | -124,531 | -51,413 | -35,540 | -28,074 | -14,484 | |
14P |
13,965 | -9,819 | -68,276 | -102,934 | -115,661 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 51,946 | - | - | - | |
691 |
- | - | - | - | - | - | - | - | - | - | 47,575 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,864 | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | 2,507 | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 5 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 24-07-2026.
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 | abbreviated format | 24-07-2026 | 2026-00328810 | |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00305110 | |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00203053 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00219752 | |
| 31-12-2021 | abbreviated format | 23-07-2022 | 2022-20214763 | |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-32700170 | |
| 31-12-2019 | abbreviated format | 25-07-2020 | 2020-34300503 | |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-32100386 | |
| 31-12-2017 | abbreviated format | 12-07-2018 | 2018-32600314 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25700002 | |
| 31-12-2015 | abbreviated format | 22-09-2016 | 2016-60600325 | |
| 31-12-2014 | abbreviated format | 01-07-2015 | 2015-25600515 | |
| 31-12-2013 | abbreviated format | 13-09-2014 | 2014-58500295 | |
| 31-12-2012 | abbreviated format | 28-08-2013 | 2013-49500308 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19,808 | 34,170 | 65,625 | 39,995 | 20,782 | 16,619 | 13,094 | 15,575 | 6,324 | -5,312 | -806 | 3,403 | 503 | 899 | ||
| 19,292 | 33,344 | 65,560 | 40,000 | 20,535 | 15,589 | 11,953 | 13,947 | 4,301 | -7,729 | -3,250 | 3,275 | -3,050 | -4,862 | ||
| 0 | 24,247 | 20,979 | 3,360 | 1,264 | 1,322 | 844 | 481 | 1,179 | 747 | 27,683 | 4,653 | 3,993 | 183,447 | ||
| 3,989 | -3,351 | 2,047 | 524 | -3,395 | 2,811 | 298 | -995 | 795 | -88 | -329 | -7,264 | 3,772 | - | ||
| 6,084 | -12,335 | -28,837 | -73,418 | -110,058 | -129,329 | -134,560 | -137,099 | -141,593 | -136,164 | -119,539 | -125,437 | -117,201 | -103,098 | ||
| 21.3% | 40.3% | 72.5% | 68.8% | 39.0% | 28.4% | 12.4% | 22.1% | -17.0% | - | - | -35.9% | -18.4% | -13.3% | ||
| 97.5% | 83.9% | 73.5% | 35.0% | 5.9% | -4.1% | -9.1% | -10.1% | -12.5% | -8.7% | 3.8% | -9.8% | -5.1% | 2.1% | ||
| 2.73 | 0.46 | 0.20 | 0.06 | 0.05 | 0.07 | 0.05 | 0.06 | 0.05 | 0.05 | 0.07 | 0.09 | 0.14 | 0.16 | ||
| 2.08 | 0.36 | 0.14 | 0.03 | 0.03 | 0.05 | 0.03 | 0.03 | 0.04 | 0.03 | 0.06 | 0.07 | 0.14 | 0.16 | ||
| 0.03 | 0.19 | 0.36 | 1.86 | 15.96 | - | - | - | - | - | 25.45 | - | - | 46.09 | ||
| 7.5% | 19.2% | 58.3% | 82.7% | 176.1% | - | - | - | - | - | -233.3% | - | - | -351.9% | ||
| 7.3% | 16.1% | 42.8% | 28.9% | 10.4% | 5.3% | 1.8% | 3.0% | -3.3% | -12.9% | -8.8% | -4.3% | -7.3% | -7.5% | ||
| 38.39 | 41.37 | over 100 | over 100 | 84.14 | - | - | - | - | - | - | - | - | - | ||
| 18 days | 44 days | 3 days | - | 6 days | 7 days | 7 days | 16 days | 21 days | 38 days | 71 days | 113 days | 59 days | 76 days | ||
| 0 days | - | - | - | - | - | - | - | 14 days | 18 days | 2 days | 1 day | 8 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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €24,097 | €20,979 | €3,360 | €1,264 |
| Financial fixed assets | - | €150 | - | - | - |
| €9,267 | €9,560 | €7,103 | €5,342 | €7,808 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MvB
The operating result for 2025 is 57% lower than in 2024 and the lowest since 2020. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 16.1% to 2.5%. Equity is higher and debt is lower.