Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10 to 7.5.
-
Annual account missing NBB
Fiscal year 2025 was expected before 31 October 2025 and has not been filed.
Financials
Financial year 2024
M D B REINSURANCE BROKERS from Ukkel, company number BE0426142477, closed financial year 2024 with a result of € 6,665 after tax. For that financial year M D B REINSURANCE BROKERS recorded a gross margin of € 1.3 million and equity of € 847,611. Compared with financial year 2023, the result moved from € -179,934 to € 6,665. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 19, 2024.
€ 847,611
▲ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,665
▲ still € 179,934 loss in 2023
Profit after tax over the fiscal year.
€ 4.8 million
▲ 174% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 599,611.
People and assets in 2024
7.5
▼ 1.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 16% vs 2023
€ 144,300 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.
€ 864
▼ 73% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 17.7 million
▲ 61% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 184,830
▼ 4% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 1,219,047 | € 1,235,775 | € 1,291,258 | ▲ 4% |
| Profit after taxes | € -431,445 | € -179,934 | € 6,665 | ▲ € 186,599 |
| Equity | € 1,020,881 | € 840,947 | € 847,611 | ▲ 1% |
| Total debts | € 16,677,609 | € 11,700,933 | € 18,498,105 | ▲ 58% |
| Cash | € 3,050,726 | € 1,751,719 | € 4,807,035 | ▲ 174% |
| Land & buildings | € 261,532 | € 242,774 | € 224,141 | ▼ 8% |
| Retained profit | € 772,881 | € 592,947 | € 599,611 | ▲ 1% |
| Balance sheet total | € 17,698,490 | € 12,541,880 | € 19,345,716 | ▲ 54% |
| Employees (FTE) | 10 | 9 | 7.5 | ▼ 1.5 |
Key figures of M D B REINSURANCE BROKERS, fiscal years 2022 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 October 2025.
What happened to M D B REINSURANCE BROKERS?
What happened at M D B REINSURANCE BROKERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Paul Vander Elst stepped down as director. NBB
- Frank Weze stepped down as director. NBB
- Chantal Vander Elst stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 6,665. Source: NBB ↗
- Jean-Paul Vander Elst became a director. NBB
- Frank Weze became a director. NBB
- Chantal Vander Elst became a director. NBB
- New establishment in Ukkel. KBO
In short
From € 431,445 loss in 2022 to € 6,665 profit in 2024.
Paid € 5,366 in corporate taxes since 2022.
Best year ever: 2024, with € 6,665 profit.
On average € 172,200 of value added per employee in 2024.
A new publication or filing at M D B REINSURANCE BROKERS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 81% of MDB HELLAS LTD and 25% of MDB Greece Insurance itself.
Directors
According to the 2024 annual accounts
Jean-Paul Vander Elst
administrateur
since 2023 · until 2026
Frank Weze
Director
since 2023 · until 2026
Chantal Vander Elst
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Waterloosesteenweg 935
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
UPCLOUD, FI
Website info
Features
Security
Details
- Company number
- 0426.142.477
- VAT number
- BE 0426.142.477
- Registered office
- Waterloosesteenweg 935, 1180 Ukkel
- Names & denominations
- M D B REINSURANCE BROKERS · M D B
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 1984
- Peppol
- Active · Active since 9 Jun 2026
- Contact
- mdbre.be
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars
Verzekeringsmakelaars en -agenten
Rechtstreekse verzekeringsverrichtingen niet-leven
Aangenomen herverzekeringen niet-leven
Gemengde verzekeringsentiteiten, overwegend niet-leven
Herverzekering
Activiteiten van gemengde verzekeringsondernemingen, overwegend niet-leven