Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.9 to 2.8.
Financials
Financial year 2025
MEBUTEC from Ieper, company number BE0694527324, closed financial year 2025 with a result of € 162,266 after tax. For that financial year MEBUTEC recorded a gross margin of € 506,744 and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 800,794 to € 162,266. 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 February 25, 2026.
€ 2.7 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 162,266
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 650,637
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 56,745 paid out
35 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.8
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 129,997
▼ 12% vs 2024
€ 46,400 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.
€ 40,156
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.3 million
▲ 5% vs 2024
€ 147,856 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1 million
▲ 158% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,330
▼ 62% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 345,120 | € 2,848,587 | € 1,471,394 | € 506,744 | ▼ 66% |
| Profit after taxes | € 155,356 | € 1,808,724 | € 800,794 | € 162,266 | ▼ 80% |
| Equity | € 548,736 | € 2,157,460 | € 2,608,253 | € 2,713,774 | ▲ 4% |
| Total debts | € 1,038,036 | € 3,197,037 | € 3,018,394 | € 3,396,912 | ▲ 13% |
| Cash | € 192,442 | € 149,596 | € 302,112 | € 650,637 | ▲ 115% |
| Land & buildings | € 533,177 | € 2,983,181 | € 3,347,327 | € 3,639,670 | ▲ 9% |
| Retained profit | € 530,136 | € 2,138,860 | € 2,589,653 | € 2,695,174 | ▲ 4% |
| Dividend | € 0 | € 200,000 | € 350,000 | € 56,745 | ▼ 84% |
| Bank debt | € 664,186 | € 2,316,594 | € 2,146,293 | € 2,260,093 | ▲ 5% |
| Balance sheet total | € 1,586,772 | € 5,354,496 | € 5,626,648 | € 6,110,686 | ▲ 9% |
| Employees (FTE) | 1.4 | 4.9 | 4.2 | 2.8 | ▼ 1.4 |
Key figures of MEBUTEC, fiscal years 2021 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 MEBUTEC?
What happened at MEBUTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 162,266 (▼ 80% vs 2024). filed late Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 155,356 profit in 2021 to € 162,266 profit in 2025.
Paid € 923,575 in corporate taxes since 2021.
Best year ever: 2023, with € 1.8 million profit.
On average € 181,000 of value added per employee in 2025.
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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
Behind MEBUTEC are Kevin Buyse and Cedriek Merlevede. Cedriek Merlevede is also behind Photaiq.
Directors
According to the 2025 annual accounts
Kevin Buyse
Director
Establishments
Establishment units
Physical locations of this company
Ter Waarde 90
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0694.527.324
- VAT number
- BE 0694.527.324
- Registered office
- Ter Waarde 90, 8900 Ieper
- Names & denominations
- MEBUTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 April 2018
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken
Detailhandel in sanitaire artikelen en sanitair installatiemateriaal
Sanitaire werkzaamheden
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit