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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M-W from Brussel, company number BE0426952626, closed financial year 2025 with a result of € 42,875 after tax. For that financial year M-W recorded a gross margin of € 182,641 and equity of € 519,943. Compared with financial year 2024, the result moved from € 52,888 to € 42,875. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 6, 2026.
€ 519,943
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,875
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 30,308
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 328,251.
People and assets in 2025
€ 4,209
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,223
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 12% vs 2024
€ 161,030 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 13,174
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,373
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 199,284 | € 184,614 | € 193,817 | € 182,641 | ▼ 6% |
| Profit after taxes | € 70,469 | € 48,516 | € 52,888 | € 42,875 | ▼ 19% |
| Equity | € 397,010 | € 438,411 | € 484,184 | € 519,943 | ▲ 7% |
| Total debts | € 1,492,361 | € 1,343,937 | € 1,230,630 | € 1,085,877 | ▼ 12% |
| Cash | € 93,837 | € 76,604 | € 63,712 | € 30,308 | ▼ 52% |
| Land & buildings | € 1,506,112 | € 1,456,501 | € 1,460,139 | € 1,448,998 | ▼ 1% |
| Retained profit | € 183,972 | € 232,488 | € 285,377 | € 328,251 | ▲ 15% |
| Bank debt | € 1,425,299 | € 1,291,155 | € 1,155,981 | € 1,013,870 | ▼ 12% |
| Balance sheet total | € 1,889,370 | € 1,782,348 | € 1,714,814 | € 1,605,820 | ▼ 6% |
Key figures of M-W, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to M-W?
What happened at M-W in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alessandra de HENNIN de BOUSSU WALCOURT stepped down as director. NBB
- Roland BOONE stepped down as director. NBB
- Valentine BOONE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 42,875 (▼ 19% vs 2024). filed late Source: NBB ↗
- Alessandra de HENNIN de BOUSSU WALCOURT became a director. NBB
- Roland BOONE became a director. NBB
- Valentine BOONE became a director. NBB
- New establishment in Brussel. KBO
In short
From € 70,469 profit in 2022 to € 42,875 profit in 2025.
Paid € 79,463 in corporate taxes since 2022.
Best year ever: 2022, with € 70,469 profit.
Management
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Roland BOONE
Managing director
Also active at: Jezus Eik Private Tennis Club, AUX 100.000 ROULEAUX, N.K.S., Lidia, BELSA, IMMOXEL, Consult Invest Cook, PLATONIS
since 2020 · until 2026
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Koningsstraat 27
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0426.952.626
- VAT number
- BE 0426.952.626
- Registered office
- Koningsstraat 27, 1000 Brussel
- Names & denominations
- M-W
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 June 1984
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed