What does BU MA SER do?

BU MA SER is a wholesaler in Asse. Public Limited, started on 30 May 1989, 1 establishment.

What is the address of BU MA SER?

The registered office of BU MA SER is located at Z. 5 Mollem 550, 1730 Asse.

Is BU MA SER still active?

Yes. According to the CBE (30 October 2026) BU MA SER is active, legal situation “Normale toestand”, started on 30 May 1989.

Is BU MA SER registered on Peppol?

Yes, BU MA SER is registered on the Peppol network with ID 0208:0437553736.

What is the enterprise number of BU MA SER?

The enterprise number of BU MA SER is BE0437553736.

When was BU MA SER founded?

BU MA SER was founded on 30 May 1989.

Who are the directors of BU MA SER?

According to the 2025 annual accounts, the directors of BU MA SER are: Christian FRANCOIS, Manuel MARTINEZ CARNICER, Michel CORDONNIER, ALFONSO MARTINEZ CARNICER, Ignacio-Ari RABELLA MARTI.

Is BU MA SER a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 May 1989; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did BU MA SER make in 2025?

BU MA SER recorded a loss after taxes of € 340,257 in financial year 2025.

What is the revenue of BU MA SER?

In its most recent annual accounts (2025), BU MA SER reported revenue of € 9,523,774.

How much does an employee at BU MA SER earn?

The average wage cost per full-time employee at BU MA SER was € 159,000 in 2025: staff costs of € 476,937 for 3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BU MA SER have?

According to the 2025 annual accounts, BU MA SER has 3 full-time equivalents (FTE).

BU MA SER (Public Limited) - Asse - BE0437553736

Dossier BU MA SER, printed on 30 October 2026 from databakkes.be/en/0437553736/bu-ma-ser. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 53 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2024.

Financials

Financial year 2025

BU MA SER from Asse, company number BE0437553736, closed financial year 2025 with a result of € -340,257 after tax. For that financial year BU MA SER recorded revenue of € 9.5 million and equity of € 6.4 million. Compared with financial year 2024, the result moved from € 33,128 to € -340,257. The company made a loss. 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 27, 2026.

What it is worth Healthy

€ 6.4 million

▼ 8% vs 2024

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

Loss Caution

€ -340,257

▼ still € 33,128 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 551,573

▼ 42% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 6 million.

People and assets in 2025

Full-time equivalents

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: € 1.9 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 476,937

▲ 59% vs 2024

€ 159,000 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

€ 67,514

▲ 155% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 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.

€ 3.4 million

▲ 1% vs 2024

€ 129,747 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 729,388

▼ 49% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.

Taxes and wages

€ 69,266

▼ 12% 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	€ 15,820,307 Revenue 2022: € 15,820,307 First fiscal year in the series	€ 16,582,323 Revenue 2023: € 16,582,323 ▲ 5% vs 2022 (€ 15,820,307) Favourable step	€ 10,932,691 Revenue 2024: € 10,932,691 ▼ 34% vs 2023 (€ 16,582,323) Unfavourable step	€ 9,523,774 Revenue 2025: € 9,523,774 ▼ 13% vs 2024 (€ 10,932,691) Unfavourable step	▼ 13%
Profit after taxes	€ 1,214,338 Profit after taxes 2022: € 1,214,338 First fiscal year in the series	€ 1,032,991 Profit after taxes 2023: € 1,032,991 ▼ 15% vs 2022 (€ 1,214,338) Unfavourable step	€ 33,128 Profit after taxes 2024: € 33,128 ▼ 97% vs 2023 (€ 1,032,991) Unfavourable step	€ -340,257 Profit after taxes 2025: € -340,257 ▼ € 373,385 vs 2024 (€ 33,128) Unfavourable step	▼ € 373,385
Equity	€ 5,839,976 Equity 2022: € 5,839,976 First fiscal year in the series	€ 6,872,967 Equity 2023: € 6,872,967 ▲ 18% vs 2022 (€ 5,839,976) Favourable step	€ 6,906,094 Equity 2024: € 6,906,094 Unchanged (€ 6,872,967) Favourable step	€ 6,365,837 Equity 2025: € 6,365,837 ▼ 8% vs 2024 (€ 6,906,094) Unfavourable step	▼ 8%
Total debts	€ 5,616,378 Total debts 2022: € 5,616,378 First fiscal year in the series	€ 4,878,261 Total debts 2023: € 4,878,261 ▼ 13% vs 2022 (€ 5,616,378) Favourable step	€ 5,138,207 Total debts 2024: € 5,138,207 ▲ 5% vs 2023 (€ 4,878,261) Unfavourable step	€ 4,885,405 Total debts 2025: € 4,885,405 ▼ 5% vs 2024 (€ 5,138,207) Favourable step	▼ 5%
Cash	€ 1,189,903 Cash 2022: € 1,189,903 First fiscal year in the series	€ 1,527,808 Cash 2023: € 1,527,808 ▲ 28% vs 2022 (€ 1,189,903) Favourable step	€ 944,734 Cash 2024: € 944,734 ▼ 38% vs 2023 (€ 1,527,808) Unfavourable step	€ 551,573 Cash 2025: € 551,573 ▼ 42% vs 2024 (€ 944,734) Unfavourable step	▼ 42%
Retained profit	€ 5,486,727 Retained profit 2022: € 5,486,727 First fiscal year in the series	€ 6,519,719 Retained profit 2023: € 6,519,719 ▲ 19% vs 2022 (€ 5,486,727) Favourable step	€ 6,552,846 Retained profit 2024: € 6,552,846 ▲ 1% vs 2023 (€ 6,519,719) Favourable step	€ 6,012,589 Retained profit 2025: € 6,012,589 ▼ 8% vs 2024 (€ 6,552,846) Unfavourable step	▼ 8%
Dividend	€ 450,000 Dividend 2022: € 450,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 450,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 200,000 Dividend 2025: € 200,000 Unchanged (€ 0) Unchanged
Bank debt	€ 2,525,137 Bank debt 2022: € 2,525,137 First fiscal year in the series	€ 2,935,173 Bank debt 2023: € 2,935,173 ▲ 16% vs 2022 (€ 2,525,137) Unfavourable step	€ 3,341,651 Bank debt 2024: € 3,341,651 ▲ 14% vs 2023 (€ 2,935,173) Unfavourable step	€ 3,358,495 Bank debt 2025: € 3,358,495 ▲ 1% vs 2024 (€ 3,341,651) Unfavourable step	▲ 1%
Balance sheet total	€ 11,488,577 Balance sheet total 2022: € 11,488,577 First fiscal year in the series	€ 11,783,451 Balance sheet total 2023: € 11,783,451 ▲ 3% vs 2022 (€ 11,488,577) Unchanged	€ 12,082,617 Balance sheet total 2024: € 12,082,617 ▲ 3% vs 2023 (€ 11,783,451) Unchanged	€ 11,251,392 Balance sheet total 2025: € 11,251,392 ▼ 7% vs 2024 (€ 12,082,617) Unchanged	▼ 7%
Employees (FTE)	2.7 Employees (FTE) 2022: 2.7 First fiscal year in the series	2.5 Employees (FTE) 2023: 2.5 ▼ 0.2 vs 2022 (2.7) Unchanged	3 Employees (FTE) 2024: 3 ▲ 0.5 vs 2023 (2.5) Unchanged	3 Employees (FTE) 2025: 3 Unchanged (3) Unchanged

Key figures of BU MA SER, 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 BU MA SER?

What happened at BU MA SER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2032 ALFONSO MARTINEZ CARNICER stepped down as director. NBB
2032 Christian FRANCOIS stepped down as director. NBB
2029 Manuel MARTINEZ CARNICER stepped down as director. NBB
2029 Ignacio-Ari RABELLA MARTI stepped down as director. NBB
Jul 27, 2026 New annual accounts for financial year 2025: loss of € 340,257 (▼ € 373,385 vs 2024). Source: NBB ↗
2026 Christian FRANCOIS became a director. NBB
2026 Michel CORDONNIER stepped down as director. NBB
2026 ALFONSO MARTINEZ CARNICER became a director. NBB

In short

From € 1.2 million profit in 2022 to € 340,257 loss in 2025.

Paid € 828,675 in corporate taxes since 2022.

Best year ever: 2022, with € 1.2 million profit.

Paid out € 650,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Christian FRANCOIS

Director

since 2026 · until 2032

Manuel MARTINEZ CARNICER

Managing director

since 2023 · until 2029

Michel CORDONNIER

Director

Also active at: La Générale Vinicole de Distribution

since 2023 · until 2026

ALFONSO MARTINEZ CARNICER

Director

since 2026 · until 2032

Ignacio-Ari RABELLA MARTI

Director

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Z. 5 Mollem 550

1730 Asse

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

Details

Company number

0437.553.736

VAT number

BE 0437.553.736

Registered office

Z. 5 Mollem 550, 1730 Asse

Names & denominations

BU MA SER

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

30 May 1989

Peppol

Active · Active since 29 Jan 2026

Activities · NACE

Groothandel in wijnen en geestrijke dranken

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

BU MA SER

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Financials

What happened to BU MA SER?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions