What is the address of BEL MBA?

The registered office of BEL MBA is located at Les Gottes 27, 1390 Grez-Doiceau.

Is BEL MBA still active?

Yes. According to the CBE (30 October 2026) BEL MBA is active, legal situation “Normale toestand”, started on 12 February 1993.

Is BEL MBA registered on Peppol?

Yes, BEL MBA is registered on the Peppol network with ID 0208:0449496911.

What is the enterprise number of BEL MBA?

The enterprise number of BEL MBA is BE0449496911.

When was BEL MBA founded?

BEL MBA was founded on 12 February 1993.

Who are the directors of BEL MBA?

According to the 2025 annual accounts, the directors of BEL MBA are: Benjamin MEUNIER, Jean-Jacques MEUNIER, Vincent MEUNIER.

Is BEL MBA a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 February 1993; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did BEL MBA make in 2025?

BEL MBA posted a profit after taxes of € 447,338 in financial year 2025.

What is the revenue of BEL MBA?

As a small company, BEL MBA is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 333,881.

BEL MBA (Public Limited) - Grez-Doiceau - BE0449496911

Q: What does BEL MBA do?

BEL MBA is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van public relations en communicatie. Public Limited, started on 12 February 1993, 1 establishment.

Dossier BEL MBA, printed on 30 October 2026 from databakkes.be/en/0449496911/bel-mba. 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 61 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

BEL MBA from Grez-Doiceau, company number BE0449496911, closed financial year 2025 with a result of € 447,338 after tax. For that financial year BEL MBA recorded a gross margin of € 333,881 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 527,042 to € 447,338. The company is profitable. 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 November 6, 2025.

What it is worth Healthy

€ 2.6 million

▼ 12% vs 2024

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

Profit Healthy

€ 447,338

▼ 15% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 626,357

▲ 47% vs 2024

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

Where the profit goes Pays out

€ 785,529 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Wage cost

€ 1,731

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

€ 51,455

▼ 8% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 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.

€ 743,464

▼ 13% vs 2024

€ 133,438 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 79,931

▲ 11% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 61,858

▲ 30% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 263,586 Gross margin 2022: € 263,586 First fiscal year in the series	€ 297,826 Gross margin 2023: € 297,826 ▲ 13% vs 2022 (€ 263,586) Favourable step	€ 331,799 Gross margin 2024: € 331,799 ▲ 11% vs 2023 (€ 297,826) Favourable step	€ 333,881 Gross margin 2025: € 333,881 ▲ 1% vs 2024 (€ 331,799) Favourable step	▲ 1%
Profit after taxes	€ 138,062 Profit after taxes 2022: € 138,062 First fiscal year in the series	€ 247,636 Profit after taxes 2023: € 247,636 ▲ 79% vs 2022 (€ 138,062) Favourable step	€ 527,042 Profit after taxes 2024: € 527,042 ▲ 113% vs 2023 (€ 247,636) Favourable step	€ 447,338 Profit after taxes 2025: € 447,338 ▼ 15% vs 2024 (€ 527,042) Unfavourable step	▼ 15%
Equity	€ 2,150,151 Equity 2022: € 2,150,151 First fiscal year in the series	€ 2,397,787 Equity 2023: € 2,397,787 ▲ 12% vs 2022 (€ 2,150,151) Favourable step	€ 2,924,829 Equity 2024: € 2,924,829 ▲ 22% vs 2023 (€ 2,397,787) Favourable step	€ 2,586,638 Equity 2025: € 2,586,638 ▼ 12% vs 2024 (€ 2,924,829) Unfavourable step	▼ 12%
Total debts	€ 2,869,864 Total debts 2022: € 2,869,864 First fiscal year in the series	€ 2,499,224 Total debts 2023: € 2,499,224 ▼ 13% vs 2022 (€ 2,869,864) Favourable step	€ 2,335,307 Total debts 2024: € 2,335,307 ▼ 7% vs 2023 (€ 2,499,224) Favourable step	€ 2,906,746 Total debts 2025: € 2,906,746 ▲ 24% vs 2024 (€ 2,335,307) Unfavourable step	▲ 24%
Cash	€ 136,552 Cash 2022: € 136,552 First fiscal year in the series	€ 126,774 Cash 2023: € 126,774 ▼ 7% vs 2022 (€ 136,552) Unfavourable step	€ 427,301 Cash 2024: € 427,301 ▲ 237% vs 2023 (€ 126,774) Favourable step	€ 626,357 Cash 2025: € 626,357 ▲ 47% vs 2024 (€ 427,301) Favourable step	▲ 47%
Land & buildings	€ 3,691,652 Land & buildings 2022: € 3,691,652 First fiscal year in the series	€ 3,743,943 Land & buildings 2023: € 3,743,943 ▲ 1% vs 2022 (€ 3,691,652) Unchanged	€ 3,872,779 Land & buildings 2024: € 3,872,779 ▲ 3% vs 2023 (€ 3,743,943) Unchanged	€ 3,877,539 Land & buildings 2025: € 3,877,539 Unchanged (€ 3,872,779) Unchanged
Retained profit	€ 2,068,346 Retained profit 2022: € 2,068,346 First fiscal year in the series	€ 2,315,982 Retained profit 2023: € 2,315,982 ▲ 12% vs 2022 (€ 2,068,346) Favourable step	€ 2,843,024 Retained profit 2024: € 2,843,024 ▲ 23% vs 2023 (€ 2,315,982) Favourable step	€ 2,504,833 Retained profit 2025: € 2,504,833 ▼ 12% vs 2024 (€ 2,843,024) Unfavourable step	▼ 12%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 785,529 Dividend 2025: € 785,529 Unchanged (€ 0) Unchanged
Bank debt	€ 1,142,813 Bank debt 2022: € 1,142,813 First fiscal year in the series	€ 973,869 Bank debt 2023: € 973,869 ▼ 15% vs 2022 (€ 1,142,813) Favourable step	€ 855,814 Bank debt 2024: € 855,814 ▼ 12% vs 2023 (€ 973,869) Favourable step	€ 743,464 Bank debt 2025: € 743,464 ▼ 13% vs 2024 (€ 855,814) Favourable step	▼ 13%
Balance sheet total	€ 5,113,573 Balance sheet total 2022: € 5,113,573 First fiscal year in the series	€ 4,987,227 Balance sheet total 2023: € 4,987,227 ▼ 2% vs 2022 (€ 5,113,573) Unchanged	€ 5,347,011 Balance sheet total 2024: € 5,347,011 ▲ 7% vs 2023 (€ 4,987,227) Unchanged	€ 5,576,918 Balance sheet total 2025: € 5,576,918 ▲ 4% vs 2024 (€ 5,347,011) Unchanged	▲ 4%

Key figures of BEL MBA, 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 BEL MBA?

What happened at BEL MBA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 Benjamin MEUNIER stepped down as director. NBB
2027 Jean-Jacques MEUNIER stepped down as director. NBB
2027 Vincent MEUNIER stepped down as director. NBB
Nov 6, 2025 New annual accounts for financial year 2025: profit of € 447,338 (▼ 15% vs 2024). Source: NBB ↗
2021 Benjamin MEUNIER became a director. NBB
2021 Jean-Jacques MEUNIER became a director. NBB
2021 Vincent MEUNIER became a director. NBB
Mar 15, 1993 New establishment in Grez-Doiceau. KBO

In short

From € 138,062 profit in 2022 to € 447,338 profit in 2025.

Paid € 297,139 in corporate taxes since 2022.

Best year ever: 2024, with € 527,042 profit.

Paid out € 785,529 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

BEL MBA

MECAWA 99.9%

A.BUHLER 99.9%

MEUNIER IMMO 99.9%

It owns 99.9% of MECAWA, 99.9% of A.BUHLER and 99.9% of MEUNIER IMMO itself.

Directors

According to the 2025 annual accounts

Benjamin MEUNIER

Director

since 2021 · until 2027

Jean-Jacques MEUNIER

Managing director

Also active at: MEUNIER IMMO

since 2021 · until 2027

Vincent MEUNIER

Director

since 2021 · until 2027

Establishments

Establishment units

Physical locations of this company

Registered office

Les Gottes 27

1390 Grez-Doiceau

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 →

Meunier

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

Details

Company number

0449.496.911

VAT number

BE 0449.496.911

Registered office

Les Gottes 27, 1390 Grez-Doiceau

Names & denominations

BEL MBA

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

12 February 1993

Peppol

Active · Active since 21 Nov 2025

Activities · NACE

Activiteiten van adviesbureaus op het gebied van public relations en communicatie

Overige groothandel

Adviesbureaus op het gebied van public relations en communicatie

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Niet-gespecialiseerde groothandel

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

View on CBE Public ↗ Annual accounts (NBB) ↗

BEL MBA

Warning lights

Financials

What happened to BEL MBA?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions