Must-B is registered with the CBE as active in: Ontwikkeling van residentiële bouwprojecten. Private Limited, started on 8 September 2022, 1 establishment.

What is the address of Must-B?

The registered office of Must-B is located at Oorsprongstraat 20, 3840 Tongeren-Borgloon.

Is Must-B still active?

Yes. According to the CBE (2 November 2026) Must-B is active, legal situation “Normale toestand”, started on 8 September 2022.

Is Must-B registered on Peppol?

Yes, Must-B is registered on the Peppol network with ID 0208:0790613346.

What is the enterprise number of Must-B?

The enterprise number of Must-B is BE0790613346.

When was Must-B founded?

Must-B was founded on 8 September 2022.

Who are the directors of Must-B?

According to the 2025 annual accounts, the directors of Must-B are: Ulrique Mouha, Björn Lenaers.

Is Must-B a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 8 September 2022; 3 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Must-B make in 2025?

Must-B recorded a loss after taxes of € 3,475 in financial year 2025.

What is the revenue of Must-B?

As a small company, Must-B is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -2,357.

Must-B (Private Limited) - Tongeren-Borgloon

Dossier Must-B, printed on 2 November 2026 from databakkes.be/en/0790613346/must-b. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 3 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Must-B from Tongeren-Borgloon, company number BE0790613346, closed financial year 2025 with a result of € -3,475 after tax. For that financial year Must-B recorded a gross margin of € -2,357 and equity of € -10,057. Compared with financial year 2024, the result moved from € -3,964 to € -3,475. 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 July 9, 2026.

What it is worth Caution

€ -10,057

▼ € 3,475 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -3,475

▲ 12 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 7,003

▲ € 5,754 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -15,057.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Taxes

€ 993

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -7,122 Gross margin 2023: € -7,122 First fiscal year in the series	€ -3,471 Gross margin 2024: € -3,471 ▲ € 3,651 vs 2023 (€ -7,122) Favourable step	€ -2,357 Gross margin 2025: € -2,357 ▲ € 1,114 vs 2024 (€ -3,471) Favourable step	▲ € 1,114
Profit after taxes	€ -7,618 Profit after taxes 2023: € -7,618 First fiscal year in the series	€ -3,964 Profit after taxes 2024: € -3,964 ▲ € 3,655 vs 2023 (€ -7,618) Favourable step	€ -3,475 Profit after taxes 2025: € -3,475 ▲ € 489 vs 2024 (€ -3,964) Favourable step	▲ € 489
Equity	€ -2,618 Equity 2023: € -2,618 First fiscal year in the series	€ -6,582 Equity 2024: € -6,582 ▼ € 3,964 vs 2023 (€ -2,618) Unfavourable step	€ -10,057 Equity 2025: € -10,057 ▼ € 3,475 vs 2024 (€ -6,582) Unfavourable step	▼ € 3,475
Total debts	€ 76,094 Total debts 2023: € 76,094 First fiscal year in the series	€ 80,914 Total debts 2024: € 80,914 ▲ 6% vs 2023 (€ 76,094) Unfavourable step	€ 102,792 Total debts 2025: € 102,792 ▲ 27% vs 2024 (€ 80,914) Unfavourable step	▲ 27%
Cash	€ 231 Cash 2023: € 231 First fiscal year in the series	€ 1,250 Cash 2024: € 1,250 ▲ € 1,018 vs 2023 (€ 231) Favourable step	€ 7,003 Cash 2025: € 7,003 ▲ € 5,754 vs 2024 (€ 1,250) Favourable step	▲ € 5,754
Retained profit	€ -7,618 Retained profit 2023: € -7,618 First fiscal year in the series	€ -11,582 Retained profit 2024: € -11,582 ▼ € 3,964 vs 2023 (€ -7,618) Unfavourable step	€ -15,057 Retained profit 2025: € -15,057 ▼ € 3,475 vs 2024 (€ -11,582) Unfavourable step	▼ € 3,475
Balance sheet total	€ 73,476 Balance sheet total 2023: € 73,476 First fiscal year in the series	€ 74,332 Balance sheet total 2024: € 74,332 ▲ 1% vs 2023 (€ 73,476) Unchanged	€ 92,735 Balance sheet total 2025: € 92,735 ▲ 25% vs 2024 (€ 74,332) Unchanged	▲ 25%

Key figures of Must-B, fiscal years 2023 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 Must-B?

What happened at Must-B in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 9, 2026 New annual accounts for financial year 2025: loss of € 3,475. Source: NBB ↗
Sep 8, 2022 New establishment in Tongeren-Borgloon. KBO
Sep 8, 2022 Start of the company according to the CBE. KBO

In short

From € 7,618 loss in 2023 to € 3,475 loss in 2025.

Original PDFs at the National Bank ↗

Management

Ulrique Mouha Björn Lenaers

LB Bouwonderneming

Must-B

Behind Must-B are Ulrique Mouha and Björn Lenaers. The same people are also behind LB Bouwonderneming.

Directors

According to the 2025 annual accounts

Ulrique Mouha

Director

Also active at: LB Bouwonderneming

Björn Lenaers

Director

Also active at: LB Bouwonderneming

Establishments

Establishment units

Physical locations of this company

Registered office

Oorsprongstraat 20

3840 Tongeren-Borgloon

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 →

LB Bouwonderneming same network

€ 134,442 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0790.613.346
VAT number: BE 0790.613.346
Registered office: Oorsprongstraat 20, 3840 Tongeren-Borgloon
Names & denominations: Must-B
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 8 September 2022
Peppol: Active · Active since 7 Aug 2025
Activities · NACE: Ontwikkeling van residentiële bouwprojecten

View on CBE Public ↗ Annual accounts (NBB) ↗