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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
MEULEMAN BOUWMATERIALEN from Grimbergen, company number BE0459325979, closed financial year 2025 with a result of € 92,308 after tax. For that financial year MEULEMAN BOUWMATERIALEN recorded a gross margin of € 404,029 and equity of € -259,615. Compared with financial year 2024, the result moved from € -441,277 to € 92,308. Profitable, and profit is growing. 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 October 30, 2026.
€ -259,615
▲ € 92,308 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 92,308
▲ still € 441,277 loss in 2024
Profit after tax over the fiscal year.
€ 33,899
▲ 18% 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 € -833,983.
People and assets in 2025
3.3
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 227,157
▼ 13% vs 2024
€ 68,800 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.
€ 336,348
▲ € 331,508 vs 2024
Of which on lease € 330,990.
Debts at end 2025
€ 970,454
▲ 37% vs 2024
€ 121,027 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 976,816
▲ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 77,583
▼ 29% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 252,730 | € 213,673 | € -33,612 | € 404,029 | ▲ € 437,641 |
| Profit after taxes | € -26,426 | € -55,006 | € -441,277 | € 92,308 | ▲ € 533,584 |
| Equity | € 144,360 | € 89,354 | € -351,923 | € -259,615 | ▲ € 92,308 |
| Total debts | € 963,924 | € 937,768 | € 1,417,884 | € 2,083,865 | ▲ 47% |
| Cash | € 4,634 | € 1,951 | € 28,780 | € 33,899 | ▲ 18% |
| Land & buildings | € 763,807 | € 753,974 | € 731,382 | € 710,516 | ▼ 3% |
| Retained profit | € -430,008 | € -485,015 | € -926,291 | € -833,983 | ▲ € 92,308 |
| Bank debt | € 638,754 | € 664,655 | € 707,449 | € 970,454 | ▲ 37% |
| Balance sheet total | € 1,108,284 | € 1,027,121 | € 1,065,961 | € 1,824,250 | ▲ 71% |
| Employees (FTE) | 2 | 0 | 5 | 3.3 | ▼ 1.7 |
Key figures of MEULEMAN BOUWMATERIALEN, 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 MEULEMAN BOUWMATERIALEN?
What happened at MEULEMAN BOUWMATERIALEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 92,308. filed late Source: NBB ↗
- Veerle Herbots stepped down as director. NBB
- Moussa Sadick became a director. NBB
- Veerle Herbots became a director. NBB
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,426 loss in 2022 to € 92,308 profit in 2025.
Paid € 2,853 in corporate taxes since 2022.
Best year ever: 2025, with € 92,308 profit.
On average € 122,400 of value added per employee in 2025.
Management
The stake of I.A.B.N comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MEULEMAN BOUWMATERIALENBehind MEULEMAN BOUWMATERIALEN is Moussa Sadick. The shares are held by I.A.B.N.
Directors
According to the 2025 annual accounts
Moussa Sadick
Managing director
since 2024
Veerle Herbots
Managing director
Also active at: MEULEMAN PROJECTEN, Belgische Beroepsvereniging van Handelaren in Bouwmaterialen
since 2019 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
's Gravenmolenstraat 10
1850 Grimbergen
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
- 0459.325.979
- VAT number
- BE 0459.325.979
- Registered office
- 's Gravenmolenstraat 10, 1850 Grimbergen
- Names & denominations
- MEULEMAN BOUWMATERIALEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1996
- Peppol
- Active · Active since 12 Sept 2025
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur van woningen, exclusief sociale woningen