Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUBEA SYSTEMS from Mouscron, company number BE0479301843, closed financial year 2025 with a result of € -814,311 after tax. For that financial year MUBEA SYSTEMS recorded a gross margin of € -158,743 and equity of € -1 million. Compared with financial year 2024, the result moved from € 290,218 to € -814,311. The company made a loss. 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 31, 2025.
€ -1 million
▼ € 814,311 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -814,311
▼ still € 290,218 profit in 2024
Profit after tax over the fiscal year.
€ 2,098
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
4.8
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 322,477
▼ 29% vs 2024
€ 67,200 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.
€ 2,773
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 573,373
▼ 43% vs 2024
€ 62,456 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 1.9 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,657
▼ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 650,984 | € 9,122 | € 1,101,602 | € -158,743 | ▼ € 1.3 million |
| Profit after taxes | € -121,510 | € -744,890 | € 290,218 | € -814,311 | ▼ € 1.1 million |
| Equity | € 246,588 | € -498,302 | € -208,084 | € -1,022,396 | ▼ € 814,311 |
| Total debts | € 4,639,740 | € 6,340,912 | € 3,496,314 | € 3,727,683 | ▲ 7% |
| Cash | € 2,857 | € 1,235,951 | € 11,971 | € 2,098 | ▼ 82% |
| Retained profit | € -503,412 | € -1,248,302 | € -958,084 | € -1,772,396 | ▼ € 814,311 |
| Bank debt | € 1,449,609 | € 1,076,782 | € 1,003,356 | € 573,373 | ▼ 43% |
| Balance sheet total | € 4,886,328 | € 5,842,610 | € 3,288,229 | € 2,705,287 | ▼ 18% |
| Employees (FTE) | 6 | 5 | 5.6 | 4.8 | ▼ 0.8 |
Key figures of MUBEA SYSTEMS, 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 October 2026.
What happened to MUBEA SYSTEMS?
What happened at MUBEA SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mario Havegeer stepped down as director. NBB
- Francky Havegeer stepped down as director. NBB
- Kurt Havegeer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 814,311 (▼ € 1.1 million vs 2024). Source: NBB ↗
- Mario Havegeer became a director. NBB
- Francky Havegeer became a director. NBB
- Kurt Havegeer became a director. NBB
- New establishment in Mouscron. KBO
In short
From € 121,510 loss in 2022 to € 814,311 loss in 2025.
Paid € 40,046 in corporate taxes since 2022.
Best year ever: 2024, with € 290,218 profit.
On average € 196,700 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HEMAG, SIMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MUBEA SYSTEMSThe shares are held by HEMAG (77.9%) and SIMA (22.1%).
Directors
According to the 2025 annual accounts
Mario Havegeer
Director
Also active at: HACO TRADING COMPANY, HEMAG, KIMAC, H&D, SIMA, F.M.K., TOOLMAX, ALFA-INVEST
since 2023 · until 2029
Francky Havegeer
Managing director
Also active at: Haco, HACO TRADING COMPANY, HEMAG, KIMAC, H&D, SACA, HACO SERVICE COMPANY, SIMA +4 more
since 2023 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Slachthuisstraat 53/59
7700 Mouscron
Slachthuisstraat 53 5
7700 Mouscron
Active since 13 March 2003
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
HETZNER-AS, DE
Domain
Domain
mubeasystems.com
Registered
2003-07-11
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-07-11
Website info
Features
Security
Details
- Company number
- 0479.301.843
- VAT number
- BE 0479.301.843
- Registered office
- Slachthuisstraat 53/59, 7700 Mouscron
- Names & denominations
- MUBEA SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 January 2003
- Peppol
- Active · Active since 16 Jan 2026
- Contact
- mubeasystems.com
- Activities · NACE
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