Financials
Financial year 2025
M & V Projects from Harelbeke, company number BE0466557132, closed financial year 2025 with a result of € 136,358 after tax. For that financial year M & V Projects recorded a gross margin of € 486,915 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 146,120 to € 136,358. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 1.7 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 136,358
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 55,801
▲ 78% 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 € 1.2 million.
People and assets in 2025
3
Average over the fiscal year, from the social balance sheet.
€ 117,306
▼ 9% vs 2024
€ 39,100 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.
Debts at end 2025
€ 536,250
▼ 23% vs 2024
€ 112,500 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 102,445
▲ 127% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 55,222
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 389,961 | € 779,004 | € 494,423 | € 486,915 | ▼ 2% |
| Profit after taxes | € 101,149 | € 329,184 | € 146,120 | € 136,358 | ▼ 7% |
| Equity | € 1,115,362 | € 1,444,546 | € 1,590,666 | € 1,727,024 | ▲ 9% |
| Total debts | € 2,098,713 | € 1,182,812 | € 1,113,431 | € 1,008,937 | ▼ 9% |
| Cash | € 76,709 | € 121,703 | € 31,318 | € 55,801 | ▲ 78% |
| Land & buildings | € 903,571 | € 656,881 | € 672,922 | € 1,409,265 | ▲ 109% |
| Retained profit | € 567,076 | € 896,260 | € 1,042,380 | € 1,178,738 | ▲ 13% |
| Bank debt | € 993,908 | € 844,462 | € 694,284 | € 536,250 | ▼ 23% |
| Balance sheet total | € 3,214,074 | € 2,722,720 | € 2,799,230 | € 2,828,433 | ▲ 1% |
| Employees (FTE) | 3.1 | 3 | 3 | 3 |
Key figures of M & V Projects, 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 M & V Projects?
What happened at M & V Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 136,358 (▼ 7% vs 2024). Source: NBB ↗
- Residence Le Christ NV became a director. NBB
- Vlimex NV became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 101,149 profit in 2022 to € 136,358 profit in 2025.
Paid € 147,337 in corporate taxes since 2022.
Best year ever: 2023, with € 329,184 profit.
On average € 162,300 of value added per employee in 2025.
Management
The stake of Vlimex comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M & V ProjectsBehind M & V Projects are Vlimex NV and Residence Le Christ NV. The shares are held by Vlimex (19.3%).
Directors
According to the 2025 annual accounts
Director · represented by Jozef Van Bogaert
Also active at: HUYS CONCEPT, Harelbeekse Houtzagerij, DE LEIEBOORDEN, De Betaalbare Woning, OMNIPLEX, ARCOM, RESIDENCE LE CHRIST, Four Friends +4 more
since 2022
Director · represented by Dieter Beelprez
Also active at: DE LEIEBOORDEN, Fit Immo
since 2024
Shareholders
19.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gentsesteenweg 184
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0466.557.132
- VAT number
- BE 0466.557.132
- Registered office
- Gentsesteenweg 184, 8530 Harelbeke
- Names & denominations
- M & V Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1999
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Verhuur en lease van kantoormachines, inclusief computers
Verhuur van kantoormachines en computers