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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MBT Climate BENELUX from Dilsen-Stokkem, company number BE0428107718, closed financial year 2025 with a result of € -18.9 million after tax. For that financial year MBT Climate BENELUX recorded revenue of € 52.1 million and equity of € -11.3 million. Compared with financial year 2024, the result moved from € -12.2 million to € -18.9 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ -11.3 million
▲ € 11.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18.9 million
▼ 54 % more loss than in 2024
Profit after tax over the fiscal year.
€ 183,220
▲ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17.8 million.
People and assets in 2025
57.9
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.5 million
▲ 4% vs 2024
€ 95,500 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.
€ 389,740
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14.6 million
▼ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 14.3 million
▲ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 95 days on average.
€ 1.3 million
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 93,198,650 | € 66,737,954 | € 58,040,619 | € 52,127,698 | ▼ 10% |
| Profit after taxes | € -2,651,279 | € -24,286,161 | € -12,230,221 | € -18,865,340 | ▼ € 6.6 million |
| Equity | € 14,047,285 | € -10,238,875 | € -22,469,097 | € -11,334,437 | ▲ € 11.1 million |
| Total debts | € 51,099,437 | € 73,698,255 | € 84,092,852 | € 73,464,366 | ▼ 13% |
| Cash | € 200,660 | € 82,155 | € 131,929 | € 183,220 | ▲ 39% |
| Land & buildings | € 304,303 | € 308,117 | € 266,360 | € 2,127,063 | ▲ € 1.9 million |
| Retained profit | € -18,452,828 | € -42,738,988 | € -54,969,210 | € -17,808,575 | ▲ € 37.2 million |
| Bank debt | € 15,900,000 | € 15,900,000 | € 15,900,000 | € 14,637,088 | ▼ 8% |
| Balance sheet total | € 66,152,319 | € 63,903,976 | € 62,048,352 | € 63,234,720 | ▲ 2% |
| Employees (FTE) | 66.5 | 65.8 | 57.7 | 57.9 | ▲ 0.2 |
Key figures of MBT Climate BENELUX, 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 MBT Climate BENELUX?
What happened at MBT Climate BENELUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Peter Ketelslegers stepped down as director. NBB
- Raphael Ceuppens stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 18.9 million. Source: NBB ↗
- Peter Ketelslegers became a director. NBB
- Raphael Ceuppens became a director. NBB
- New establishment in Dilsen-Stokkem. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.7 million loss in 2022 to € 18.9 million loss in 2025.
Paid € 30,790 in corporate taxes since 2022.
Pays suppliers within 95 days on average.
A new publication or filing at MBT Climate BENELUX? 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
The shares are held by Midea Climate Europe B.V. (100%). It owns 100% of Vasco Group BV, 100% of Vasco BV, 100% of Vasco Group Sp.z.o.o. and 24% of Vasco Group Sarl itself.
Directors
According to the 2025 annual accounts
Shareholders
Midea Climate Europe B.V.
100%
Participations
Establishments
Establishment units
Physical locations of this company
Kruishoefstraat 50
3650 Dilsen-Stokkem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0428.107.718
- VAT number
- BE 0428.107.718
- Registered office
- Kruishoefstraat 50, 3650 Dilsen-Stokkem
- Names & denominations
- MBT Climate BENELUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 1985
- Peppol
- Active · Active since 7 Jul 2026
- Activities · NACE
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Markt- en opinieonderzoek
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verhuur en lease van andere consumentenartikelen, n.e.g.