What does MOULAN SA do?

MOULAN SA is a wholesaler in Herve. Public Limited, started on 10 December 1949, 1 establishment.

What is the address of MOULAN SA?

The registered office of MOULAN SA is located at Avenue du Parc 28, 4650 Herve.

Is MOULAN SA still active?

Yes. According to the CBE (30 October 2026) MOULAN SA is active, legal situation “Normale toestand”, started on 10 December 1949.

Is MOULAN SA registered on Peppol?

Yes, MOULAN SA is registered on the Peppol network with ID 0208:0405844832.

What is the enterprise number of MOULAN SA?

The enterprise number of MOULAN SA is BE0405844832.

When was MOULAN SA founded?

MOULAN SA was founded on 10 December 1949.

Who are the directors of MOULAN SA?

According to the 2025 annual accounts, the directors of MOULAN SA are: JAB SOLUTION SRL, 4U INVEST SRL, Etienne BONNIVER, Philippe DEGEY, Luc MOULAN, JALOC INVEST SRL.

Is MOULAN SA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 December 1949; 5 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did MOULAN SA make in 2025?

MOULAN SA posted a profit after taxes of € 305,494 in financial year 2025.

What is the revenue of MOULAN SA?

In its most recent annual accounts (2025), MOULAN SA reported revenue of € 15,589,149.

How much does an employee at MOULAN SA earn?

The average wage cost per full-time employee at MOULAN SA was € 63,100 in 2025: staff costs of € 2.3 million for 35.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MOULAN SA have?

According to the 2025 annual accounts, MOULAN SA has 35.9 full-time equivalents (FTE).

Does MOULAN SA have a website?

Yes, MOULAN SA has a website at moulan.be.

MOULAN SA (Public Limited) - Herve - BE0405844832

Dossier MOULAN SA, printed on 30 October 2026 from databakkes.be/en/0405844832/moulan-sa. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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.

What it is worth Healthy

€ 4.8 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 305,494

▲ 2% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 274,676

▲ 35% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 350,000 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

35.9

▲ 2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 1.5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 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.

Vehicles and equipment

€ 48,128

▼ 33% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.4 million

▲ 7% vs 2024

€ 201,131 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 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.

Taxes and wages

€ 438,283

▲ 24% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 16,808,085 Revenue 2022: € 16,808,085 First fiscal year in the series	€ 15,932,678 Revenue 2023: € 15,932,678 ▼ 5% vs 2022 (€ 16,808,085) Unfavourable step	€ 15,263,100 Revenue 2024: € 15,263,100 ▼ 4% vs 2023 (€ 15,932,678) Unfavourable step	€ 15,589,149 Revenue 2025: € 15,589,149 ▲ 2% vs 2024 (€ 15,263,100) Favourable step	▲ 2%
Profit after taxes	€ 1,332,979 Profit after taxes 2022: € 1,332,979 First fiscal year in the series	€ 499,619 Profit after taxes 2023: € 499,619 ▼ 63% vs 2022 (€ 1,332,979) Unfavourable step	€ 298,276 Profit after taxes 2024: € 298,276 ▼ 40% vs 2023 (€ 499,619) Unfavourable step	€ 305,494 Profit after taxes 2025: € 305,494 ▲ 2% vs 2024 (€ 298,276) Favourable step	▲ 2%
Equity	€ 4,690,723 Equity 2022: € 4,690,723 First fiscal year in the series	€ 4,738,629 Equity 2023: € 4,738,629 ▲ 1% vs 2022 (€ 4,690,723) Favourable step	€ 4,783,298 Equity 2024: € 4,783,298 ▲ 1% vs 2023 (€ 4,738,629) Favourable step	€ 4,773,021 Equity 2025: € 4,773,021 Unchanged (€ 4,783,298) Unfavourable step
Total debts	€ 4,054,811 Total debts 2022: € 4,054,811 First fiscal year in the series	€ 4,465,239 Total debts 2023: € 4,465,239 ▲ 10% vs 2022 (€ 4,054,811) Unfavourable step	€ 4,089,645 Total debts 2024: € 4,089,645 ▼ 8% vs 2023 (€ 4,465,239) Favourable step	€ 4,678,422 Total debts 2025: € 4,678,422 ▲ 14% vs 2024 (€ 4,089,645) Unfavourable step	▲ 14%
Cash	€ 1,003,842 Cash 2022: € 1,003,842 First fiscal year in the series	€ 252,648 Cash 2023: € 252,648 ▼ 75% vs 2022 (€ 1,003,842) Unfavourable step	€ 203,076 Cash 2024: € 203,076 ▼ 20% vs 2023 (€ 252,648) Unfavourable step	€ 274,676 Cash 2025: € 274,676 ▲ 35% vs 2024 (€ 203,076) Favourable step	▲ 35%
Land & buildings	€ 249,217 Land & buildings 2022: € 249,217 First fiscal year in the series	€ 1,065,593 Land & buildings 2023: € 1,065,593 ▲ € 816,376 vs 2022 (€ 249,217) Unchanged	€ 979,495 Land & buildings 2024: € 979,495 ▼ 8% vs 2023 (€ 1,065,593) Unchanged	€ 895,207 Land & buildings 2025: € 895,207 ▼ 9% vs 2024 (€ 979,495) Unchanged	▼ 9%
Retained profit	€ 4,588,865 Retained profit 2022: € 4,588,865 First fiscal year in the series	€ 4,638,505 Retained profit 2023: € 4,638,505 ▲ 1% vs 2022 (€ 4,588,865) Favourable step	€ 4,683,298 Retained profit 2024: € 4,683,298 ▲ 1% vs 2023 (€ 4,638,505) Favourable step	€ 4,609,928 Retained profit 2025: € 4,609,928 ▼ 2% vs 2024 (€ 4,683,298) Unfavourable step	▼ 2%
Dividend	€ 600,000 Dividend 2022: € 600,000 First fiscal year in the series	€ 400,000 Dividend 2023: € 400,000 ▼ 33% vs 2022 (€ 600,000) Unchanged	€ 225,000 Dividend 2024: € 225,000 ▼ 44% vs 2023 (€ 400,000) Unchanged	€ 350,000 Dividend 2025: € 350,000 ▲ 56% vs 2024 (€ 225,000) Unchanged	▲ 56%
Bank debt	€ 1,015,108 Bank debt 2022: € 1,015,108 First fiscal year in the series	€ 2,029,092 Bank debt 2023: € 2,029,092 ▲ 100% vs 2022 (€ 1,015,108) Unfavourable step	€ 2,276,265 Bank debt 2024: € 2,276,265 ▲ 12% vs 2023 (€ 2,029,092) Unfavourable step	€ 2,441,102 Bank debt 2025: € 2,441,102 ▲ 7% vs 2024 (€ 2,276,265) Unfavourable step	▲ 7%
Balance sheet total	€ 8,758,605 Balance sheet total 2022: € 8,758,605 First fiscal year in the series	€ 9,211,528 Balance sheet total 2023: € 9,211,528 ▲ 5% vs 2022 (€ 8,758,605) Unchanged	€ 8,877,110 Balance sheet total 2024: € 8,877,110 ▼ 4% vs 2023 (€ 9,211,528) Unchanged	€ 9,454,488 Balance sheet total 2025: € 9,454,488 ▲ 7% vs 2024 (€ 8,877,110) Unchanged	▲ 7%
Employees (FTE)	34 Employees (FTE) 2022: 34 First fiscal year in the series	35.4 Employees (FTE) 2023: 35.4 ▲ 1.4 vs 2022 (34) Unchanged	33.9 Employees (FTE) 2024: 33.9 ▼ 1.5 vs 2023 (35.4) Unchanged	35.9 Employees (FTE) 2025: 35.9 ▲ 2 vs 2024 (33.9) Unchanged	▲ 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:

2031 Luc MOULAN stepped down as director. NBB
2027 JAB SOLUTION SRL stepped down as director. NBB
2027 4U INVEST SRL stepped down as director. NBB
2027 JALOC INVEST SRL stepped down as director. NBB
Jul 24, 2026 New annual accounts for financial year 2025: profit of € 305,494 (▲ 2% vs 2024). Source: NBB ↗
2026 Etienne BONNIVER stepped down as director. NBB
2026 Philippe DEGEY stepped down as director. NBB
2025 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.

Original PDFs at the National Bank ↗

Management

MM GROUP SRL 43.9%

MOULAN SA

Groupe OMEGA 12.5%

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

JAB SOLUTION SRL

Director · represented by Bernard GILLARD

Also active at: MECA-FLUID, MM Group, RMB IMMO

since 2021 · until 2027

4U INVEST SRL

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

JALOC INVEST SRL

Managing director · represented by Raphaël DEGEY

Also active at: MECA-FLUID, MM Group, RMB IMMO

since 2021 · until 2027

Shareholders

MM GROUP SRL

43.9%

Participations

Groupe OMEGA

12.5%

Establishments

Establishment units

Physical locations of this company

Registered office

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 →

MM Group same network

€ 164,697 gross margin · 2025

RMB IMMO same network

€ 227,984 gross margin · 2025

Moulan Impact

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS moulan.be

Canonical: https://www.moulan.be

Technologies

Cookie ConsentFont AwesomeGoogle AnalyticsGoogle FontsGoogle Tag ManagerLightboxNginxPHPRank MathSlickWordPressjQuery

Hosting & Email

Email provider

Microsoft 365

Hosting

OVH, FR

DNS

OVH DNS

Website info

HTTPS Ja

Languages FR

Features

Newsletter Ads

Security

✓ HTTPS

✓ SPF

✓ DMARC

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

View on CBE Public ↗ Annual accounts (NBB) ↗

MOULAN SA

Financials

What happened to MOULAN SA?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Website info

Features

Security

Details

Frequently asked questions