Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 13.1 to 10.9.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MB NIVELLES from Namur, company number BE0401575842, closed financial year 2025 with a result of € 308,078 after tax. For that financial year MB NIVELLES recorded revenue of € 4.1 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 392,466 to € 308,078. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 1.2 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 308,078
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 30,741
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 290,000 paid out
94 % of the profit went to the shareholders, mostly to Prova SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
10.9
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 464,311
▼ 6% vs 2024
€ 42,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,857
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 600,108
▼ 30% vs 2024
€ 184,429 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 262,773
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 58,215
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,494,606 | € 4,467,494 | € 4,405,392 | € 4,078,994 | ▼ 7% |
| Profit after taxes | € 408,459 | € 470,226 | € 392,466 | € 308,078 | ▼ 22% |
| Equity | € 997,330 | € 1,079,523 | € 1,143,957 | € 1,154,002 | ▲ 1% |
| Total debts | € 2,609,894 | € 1,940,537 | € 1,742,647 | € 1,504,820 | ▼ 14% |
| Cash | € 505,826 | € 48,119 | € 41,980 | € 30,741 | ▼ 27% |
| Land & buildings | € 900,976 | € 758,469 | € 615,956 | € 473,443 | ▼ 23% |
| Retained profit | € 813,268 | € 903,494 | € 975,960 | € 994,038 | ▲ 2% |
| Dividend | € 300,000 | € 380,000 | € 320,000 | € 290,000 | ▼ 9% |
| Bank debt | € 1,379,341 | € 1,118,688 | € 859,600 | € 600,108 | ▼ 30% |
| Balance sheet total | € 3,607,224 | € 3,020,060 | € 2,886,604 | € 2,658,822 | ▼ 8% |
| Employees (FTE) | 12.9 | 13.1 | 11.9 | 10.9 | ▼ 1 |
Key figures of MB NIVELLES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MB NIVELLES?
What happened at MB NIVELLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 308,078 (▼ 22% vs 2024). Source: NBB ↗
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 408,459 profit in 2022 to € 308,078 profit in 2025.
Paid € 326,193 in corporate taxes since 2022.
Best year ever: 2023, with € 470,226 profit.
Paid out € 1.3 million in dividends to the owners in total.
Management
Behind MB NIVELLES is Prova SA. The shares are held by Prova SA (100%) and MB Frameries SA (0%).
Directors
According to the 2025 annual accounts
Director · represented by Réginald De Woot de Trixhe
Owns 0% via MB Frameries SA
Also active at: Quincaillerie CONRADT, MB PERWEZ, MB LIBRAMONT, SENGO, MB JODOIGNE, MB FRAMERIES, OSSIMO, MB BRAINE-L'ALLEUD +4 more
Shareholders
100%
MB Frameries SA · holding of Prova SA
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Morgelines(NN) 8
5100 Namur
Chaussée de Namur 61
1400 Nivelles
Active since 7 June 1991
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →MB PERWEZ same network
€ 2.6 million revenue · 2025
MB LIBRAMONT same network
€ 1.6 million revenue · 2025
PROVA same network
€ 12.5 million revenue · 2025
MB JODOIGNE same network
€ 2.1 million revenue · 2025
MB FRAMERIES same network
€ 4.2 million revenue · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.575.842
- VAT number
- BE 0401.575.842
- Registered office
- Rue des Morgelines(NN) 8, 5100 Namur
- Names & denominations
- MB NIVELLES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1949
- Peppol
- Active · Active since 20 Oct 2025
- Activities · NACE
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