Financials
Financial year 2025
MOULAN SA from Herve, company number BE0405844832, closed financial year 2025 with a result of € 305,494 after tax. For that financial year MOULAN SA recorded revenue of € 15.6 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 298,276 to € 305,494. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 4.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 305,494
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 274,676
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 350,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
35.9
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.3 million
▲ 5% vs 2024
€ 63,100 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.
€ 48,128
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▲ 7% vs 2024
€ 201,131 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 1.4 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 438,283
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 16,808,085 | € 15,932,678 | € 15,263,100 | € 15,589,149 | ▲ 2% |
| Profit after taxes | € 1,332,979 | € 499,619 | € 298,276 | € 305,494 | ▲ 2% |
| Equity | € 4,690,723 | € 4,738,629 | € 4,783,298 | € 4,773,021 | |
| Total debts | € 4,054,811 | € 4,465,239 | € 4,089,645 | € 4,678,422 | ▲ 14% |
| Cash | € 1,003,842 | € 252,648 | € 203,076 | € 274,676 | ▲ 35% |
| Land & buildings | € 249,217 | € 1,065,593 | € 979,495 | € 895,207 | ▼ 9% |
| Retained profit | € 4,588,865 | € 4,638,505 | € 4,683,298 | € 4,609,928 | ▼ 2% |
| Dividend | € 600,000 | € 400,000 | € 225,000 | € 350,000 | ▲ 56% |
| Bank debt | € 1,015,108 | € 2,029,092 | € 2,276,265 | € 2,441,102 | ▲ 7% |
| Balance sheet total | € 8,758,605 | € 9,211,528 | € 8,877,110 | € 9,454,488 | ▲ 7% |
| Employees (FTE) | 34 | 35.4 | 33.9 | 35.9 | ▲ 2 |
Key figures of MOULAN SA, 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 MOULAN SA?
What happened at MOULAN SA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc MOULAN stepped down as director. NBB
- JAB SOLUTION SRL stepped down as director. NBB
- 4U INVEST SRL stepped down as director. NBB
- JALOC INVEST SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 305,494 (▲ 2% vs 2024). Source: NBB ↗
- Etienne BONNIVER stepped down as director. NBB
- Philippe DEGEY stepped down as director. NBB
- Luc MOULAN became a director. NBB
In short
From € 1.3 million profit in 2022 to € 305,494 profit in 2025.
Paid € 897,879 in corporate taxes since 2022.
Best year ever: 2022, with € 1.3 million profit.
Paid out € 1.6 million in dividends to the owners in total.
Management
The shares are held by MM GROUP SRL (43.9%). It owns 12.5% of Groupe OMEGA itself.
Directors
According to the 2025 annual accounts
Director · represented by Bernard GILLARD
Also active at: MECA-FLUID, MM Group, RMB IMMO
since 2021 · until 2027
Director · represented by Marc LECLERCQ
Also active at: MECA-FLUID, MM Group, RMB IMMO
since 2021 · until 2027
Etienne BONNIVER
Director
since 2020 · until 2026
Philippe DEGEY
Chairman of the board
since 2020 · until 2026
Luc MOULAN
Director
since 2025 · until 2031
Managing director · represented by Raphaël DEGEY
Also active at: MECA-FLUID, MM Group, RMB IMMO
since 2021 · until 2027
Shareholders
43.9%
Participations
12.5%
Establishments
Establishment units
Physical locations of this company
Avenue du Parc 28
4650 Herve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0405.844.832
- VAT number
- BE 0405.844.832
- Registered office
- Avenue du Parc 28, 4650 Herve
- Names & denominations
- MOULAN SA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1949
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- moulan.be +32 0 87 31 34 71
- Activities · NACE
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Groothandel in loodgietersmateriaal en verwarmingsinstallaties