Financials
Financial year 2025
MRL from Tongeren-Borgloon, company number BE0648753816, closed financial year 2025 with a result of € 107,036 after tax. For that financial year MRL recorded a gross margin of € 158,907 and equity of € 440,238. Compared with financial year 2024, the result moved from € 102,405 to € 107,036. Profitable, and profit is growing. 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 July 14, 2026.
€ 440,238
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 107,036
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 84,047
▲ 49% 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 € 421,638.
People and assets in 2025
€ 3,551
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 439,875
▼ 16% vs 2024
€ 57,844 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 2,218
▲ € 2,098 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,744
▼ 24% 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 | € 85,592 | € 77,977 | € 160,813 | € 158,907 | ▼ 1% |
| Profit after taxes | € 52,889 | € 48,912 | € 102,405 | € 107,036 | ▲ 5% |
| Equity | € 185,151 | € 232,464 | € 333,202 | € 440,238 | ▲ 32% |
| Total debts | € 704,175 | € 624,121 | € 563,876 | € 481,103 | ▼ 15% |
| Cash | € 50,025 | € 10,688 | € 56,508 | € 84,047 | ▲ 49% |
| Retained profit | € 166,551 | € 213,864 | € 314,602 | € 421,638 | ▲ 34% |
| Dividend | € 1,600 | € 1,600 | € 1,666 | € 0 | ▼ 100% |
| Bank debt | € 681,480 | € 599,973 | € 521,846 | € 439,875 | ▼ 16% |
| Balance sheet total | € 889,326 | € 856,585 | € 897,078 | € 921,341 | ▲ 3% |
Key figures of MRL, 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 MRL?
What happened at MRL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 107,036 (▲ 5% vs 2024). Source: NBB ↗
- New establishment in Tongeren-Borgloon. KBO
- Renaat Vaesen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 52,889 profit in 2022 to € 107,036 profit in 2025.
Paid € 116,555 in corporate taxes since 2022.
Best year ever: 2025, with € 107,036 profit.
Paid out € 4,866 in dividends to the owners in total.
Management
Behind MRL is Renaat Vaesen. It owns 10% of Vandebos Algemene Bouwonderneming itself.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Kernielerweg 43
3840 Tongeren-Borgloon
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0648.753.816
- VAT number
- BE 0648.753.816
- Registered office
- Kernielerweg 43, 3840 Tongeren-Borgloon
- Names & denominations
- MRL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 February 2016
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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