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 10.3 to 7.8.
Financials
Financial year 2026
M.C.L. from Bree, company number BE0447654109, closed financial year 2026 with a result of € 914,498 after tax. For that financial year M.C.L. recorded revenue of € 10.4 million and equity of € 2.5 million. Compared with financial year 2025, the result moved from € 837,004 to € 914,498. Profitable, and profit is growing. 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 September 26, 2026.
€ 2.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 914,498
▲ 9% vs 2025
Profit after tax over the fiscal year.
€ 545,467
▼ 35% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 914,498 paid out
100 % of the profit went to the shareholders, mostly to VRHS (50 % of the shares). That is where the money ends up.
People and assets in 2026
7.8
▼ 0.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 451,607
€ 57,900 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.
€ 44,758
▼ 42% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 2.4 million
▼ 10% vs 2025
€ 264,871 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 693,792
▲ 39% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 230,527
▼ 6% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 20,199,895 | € 11,890,783 | € 12,470,874 | € 10,423,358 | ▼ 16% |
| Profit after taxes | € 1,882,714 | € 816,952 | € 837,004 | € 914,498 | ▲ 9% |
| Equity | € 2,480,325 | € 2,480,325 | € 2,480,325 | € 2,480,325 | |
| Total debts | € 5,084,121 | € 4,316,150 | € 4,247,042 | € 4,230,401 | |
| Cash | € 1,265,804 | € 2,200,522 | € 840,358 | € 545,467 | ▼ 35% |
| Land & buildings | € 688,914 | € 660,263 | € 639,809 | € 619,355 | ▼ 3% |
| Retained profit | € 1,885,380 | € 1,885,380 | € 1,885,380 | € 1,885,380 | |
| Dividend | € 941,357 | € 816,952 | € 837,004 | € 914,498 | ▲ 9% |
| Bank debt | € 3,157,201 | € 2,899,472 | € 2,639,337 | € 2,376,844 | ▼ 10% |
| Balance sheet total | € 7,564,446 | € 6,796,475 | € 6,727,367 | € 6,710,725 | |
| Employees (FTE) | 12.2 | 10.3 | 8.4 | 7.8 | ▼ 0.6 |
Key figures of M.C.L., fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to M.C.L.?
What happened at M.C.L. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Grewi NV stepped down as director. NBB
- VRHS BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 914,498 (▲ 9% vs 2025). Source: NBB ↗
- VRHS BV became a director. NBB
- Grewi NV became a director. NBB
- New establishment in Bree. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million profit in 2023 to € 914,498 profit in 2026.
Paid € 1.4 million in corporate taxes since 2023.
Best year ever: 2023, with € 1.9 million profit.
Paid out € 3.5 million in dividends to the owners in total.
Management
The stake of VRHS, GREWI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M.C.L.The shares are held by VRHS (50%) and GREWI (50%).
Establishments
Establishment units
Physical locations of this company
Industrieterrein Kanaal-Noord 1120
3960 Bree
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
TELENET-AS, BE
Domain
Domain
mcl-bree.be
Registered
2003-01-07
Website info
Features
Security
Details
- Company number
- 0447.654.109
- VAT number
- BE 0447.654.109
- Registered office
- Industrieterrein Kanaal-Noord 1120, 3960 Bree
- Names & denominations
- M.C.L.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 1992
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- mcl-bree.be
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