What does MUNTERS BELGIUM do?

MUNTERS BELGIUM is a wholesaler in Mechelen. Public Limited, started on 2 July 1952, 1 establishment.

What is the address of MUNTERS BELGIUM?

The registered office of MUNTERS BELGIUM is located at Oude Baan 3, 2800 Mechelen.

Is MUNTERS BELGIUM still active?

Yes. According to the CBE (30 October 2026) MUNTERS BELGIUM is active, legal situation “Normale toestand”, started on 2 July 1952.

Is MUNTERS BELGIUM registered on Peppol?

Yes, MUNTERS BELGIUM is registered on the Peppol network with ID 0208:0405845822.

What is the enterprise number of MUNTERS BELGIUM?

The enterprise number of MUNTERS BELGIUM is BE0405845822.

When was MUNTERS BELGIUM founded?

MUNTERS BELGIUM was founded on 2 July 1952.

Who are the directors of MUNTERS BELGIUM?

According to the 2024 annual accounts, the directors of MUNTERS BELGIUM are: Sancho Hendrik Pieter Hofman, Frank Pellegrino, Emelie Bimer.

Is MUNTERS BELGIUM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 July 1952; 4 annual accounts filed, latest fiscal year 2024; 3 directors known from the annual account.

How much profit did MUNTERS BELGIUM make in 2024?

MUNTERS BELGIUM posted a profit after taxes of € 2,018,596 in financial year 2024.

What is the revenue of MUNTERS BELGIUM?

In its most recent annual accounts (2024), MUNTERS BELGIUM reported revenue of € 37,162,338.

How much does an employee at MUNTERS BELGIUM earn?

The average wage cost per full-time employee at MUNTERS BELGIUM was € 113,100 in 2024: staff costs of € 5.2 million for 45.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MUNTERS BELGIUM have?

According to the 2024 annual accounts, MUNTERS BELGIUM has 45.9 full-time equivalents (FTE).

MUNTERS BELGIUM (Public Limited) - Mechelen

Dossier MUNTERS BELGIUM, printed on 30 October 2026 from databakkes.be/en/0405845822/munters-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

MUNTERS BELGIUM from Mechelen, company number BE0405845822, closed financial year 2024 with a result of € 2 million after tax. For that financial year MUNTERS BELGIUM recorded revenue of € 37.2 million and equity of € 6.8 million. Compared with financial year 2023, the result moved from € 2.3 million to € 2 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 9, 2025.

What it is worth Healthy

€ 6.8 million

▼ 23% vs 2023

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

Profit Healthy

€ 2 million

▼ 10% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 5.4 million

▲ 208% vs 2023

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

Where the profit goes Pays out

€ 4 million paid out

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

People and assets in 2024

Full-time equivalents

45.9

▲ 5 vs 2023

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: € 3.6 million in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 5.2 million

▲ 11% vs 2023

€ 113,100 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

€ 44,538

▼ 25% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 12.4 million

▲ € 10.9 million vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 128 days on average.

Taxes and wages

€ 1.4 million

▲ 8% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 14,937,200 Revenue 2021: € 14,937,200 First fiscal year in the series	€ 22,290,024 Revenue 2022: € 22,290,024 ▲ 49% vs 2021 (€ 14,937,200) Favourable step	€ 31,391,892 Revenue 2023: € 31,391,892 ▲ 41% vs 2022 (€ 22,290,024) Favourable step	€ 37,162,338 Revenue 2024: € 37,162,338 ▲ 18% vs 2023 (€ 31,391,892) Favourable step	▲ 18%
Profit after taxes	€ 1,654,010 Profit after taxes 2021: € 1,654,010 First fiscal year in the series	€ 269,833 Profit after taxes 2022: € 269,833 ▼ 84% vs 2021 (€ 1,654,010) Unfavourable step	€ 2,250,719 Profit after taxes 2023: € 2,250,719 ▲ € 2 million vs 2022 (€ 269,833) Favourable step	€ 2,018,596 Profit after taxes 2024: € 2,018,596 ▼ 10% vs 2023 (€ 2,250,719) Unfavourable step	▼ 10%
Equity	€ 8,474,793 Equity 2021: € 8,474,793 First fiscal year in the series	€ 8,744,627 Equity 2022: € 8,744,627 ▲ 3% vs 2021 (€ 8,474,793) Favourable step	€ 8,744,627 Equity 2023: € 8,744,627 Unchanged (€ 8,744,627) Unchanged	€ 6,763,223 Equity 2024: € 6,763,223 ▼ 23% vs 2023 (€ 8,744,627) Unfavourable step	▼ 23%
Total debts	€ 4,178,509 Total debts 2021: € 4,178,509 First fiscal year in the series	€ 10,592,934 Total debts 2022: € 10,592,934 ▲ 154% vs 2021 (€ 4,178,509) Unfavourable step	€ 5,205,853 Total debts 2023: € 5,205,853 ▼ 51% vs 2022 (€ 10,592,934) Favourable step	€ 19,057,679 Total debts 2024: € 19,057,679 ▲ 266% vs 2023 (€ 5,205,853) Unfavourable step	▲ 266%
Cash	€ 3,130,187 Cash 2021: € 3,130,187 First fiscal year in the series	€ 3,243,666 Cash 2022: € 3,243,666 ▲ 4% vs 2021 (€ 3,130,187) Favourable step	€ 1,741,139 Cash 2023: € 1,741,139 ▼ 46% vs 2022 (€ 3,243,666) Unfavourable step	€ 5,356,324 Cash 2024: € 5,356,324 ▲ 208% vs 2023 (€ 1,741,139) Favourable step	▲ 208%
Retained profit	€ 7,583,122 Retained profit 2021: € 7,583,122 First fiscal year in the series	€ 7,852,956 Retained profit 2022: € 7,852,956 ▲ 4% vs 2021 (€ 7,583,122) Favourable step	€ 7,852,956 Retained profit 2023: € 7,852,956 Unchanged (€ 7,852,956) Unchanged	€ 5,871,552 Retained profit 2024: € 5,871,552 ▼ 25% vs 2023 (€ 7,852,956) Unfavourable step	▼ 25%
Dividend	€ 0 Dividend 2021: € 0 First fiscal year in the series	€ 0 Dividend 2022: € 0 Unchanged (€ 0) Unchanged	€ 2,250,719 Dividend 2023: € 2,250,719 Unchanged (€ 0) Unchanged	€ 4,000,000 Dividend 2024: € 4,000,000 ▲ 78% vs 2023 (€ 2,250,719) Unchanged	▲ 78%
Balance sheet total	€ 13,265,308 Balance sheet total 2021: € 13,265,308 First fiscal year in the series	€ 19,758,388 Balance sheet total 2022: € 19,758,388 ▲ 49% vs 2021 (€ 13,265,308) Unchanged	€ 14,147,572 Balance sheet total 2023: € 14,147,572 ▼ 28% vs 2022 (€ 19,758,388) Unchanged	€ 25,872,722 Balance sheet total 2024: € 25,872,722 ▲ 83% vs 2023 (€ 14,147,572) Unchanged	▲ 83%
Employees (FTE)	29.8 Employees (FTE) 2021: 29.8 First fiscal year in the series	37.2 Employees (FTE) 2022: 37.2 ▲ 7.4 vs 2021 (29.8) Unchanged	40.9 Employees (FTE) 2023: 40.9 ▲ 3.7 vs 2022 (37.2) Unchanged	45.9 Employees (FTE) 2024: 45.9 ▲ 5 vs 2023 (40.9) Unchanged	▲ 5

Key figures of MUNTERS BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to MUNTERS BELGIUM?

What happened at MUNTERS BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Emelie Bimer stepped down as director. NBB
2026 Frank Pellegrino stepped down as director. NBB
Sep 9, 2025 New annual accounts for financial year 2024: profit of € 2 million (▼ 10% vs 2023). filed late Source: NBB ↗
2025 Sancho Hendrik Pieter Hofman stepped down as director. NBB
2024 Emelie Bimer became a director. NBB
2020 Frank Pellegrino became a director. NBB
2020 Sancho Hendrik Pieter Hofman became a director. NBB
Jan 1, 2011 New establishment in Mechelen. KBO

In short

From € 1.7 million profit in 2021 to € 2 million profit in 2024.

Paid € 416,598 in corporate taxes since 2021.

Best year ever: 2023, with € 2.3 million profit.

Paid out € 6.3 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Munters AB 99%

Munters Europe AB 1%

MUNTERS BELGIUM

The shares are held by Munters AB (99%) and Munters Europe AB (1%).

Directors

According to the 2024 annual accounts

Sancho Hendrik Pieter Hofman

Director

since 2020 · until 2025

Frank Pellegrino

Director

since 2020 · until 2026

Emelie Bimer

Director

since 2024 · until 2030

Shareholders

Munters AB

99%

Munters Europe AB

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Oude Baan 3

2800 Mechelen

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

Details

Company number

0405.845.822

VAT number

BE 0405.845.822

Registered office

Oude Baan 3, 2800 Mechelen

Names & denominations

MUNTERS BELGIUM

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

2 July 1952

Peppol

Active · Active since 29 Dec 2025

Activities · NACE

Groothandel in machines en apparaten voor de warmte-, koel- en vriestechniek voor industrieel gebruik

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

View on CBE Public ↗ Annual accounts (NBB) ↗

MUNTERS BELGIUM

Financials

What happened to MUNTERS BELGIUM?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions