Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MW FINANCE from Menen, company number BE0800112913, closed financial year 2025 with a result of € 757,689 after tax. For that financial year MW FINANCE recorded a gross margin of € 1.4 million and equity of € 17,595. Compared with financial year 2024, the result moved from € 301,306 to € 757,689. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 17,595
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 757,689
▲ 151% vs 2024
Profit after tax over the fiscal year.
€ 756,000 paid out
100 % of the profit went to the shareholders, mostly to MAPIVAN (100 % of the shares). That is where the money ends up.
People and assets in 2025
6.5
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 456,980
€ 70,300 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.
€ 1,500
▲ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 14% vs 2024
€ 103,457 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 22,905
▲ € 18,058 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 43,606
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 696,930 | € 957,764 | € 1,416,715 | ▲ 48% |
| Profit after taxes | € 414,600 | € 301,306 | € 757,689 | ▲ 151% |
| Equity | € 14,600 | € 15,906 | € 17,595 | ▲ 11% |
| Total debts | € 1,683,238 | € 1,587,336 | € 1,882,497 | ▲ 19% |
| Retained profit | € 4,600 | € 5,906 | € 7,595 | ▲ 29% |
| Dividend | € 410,000 | € 300,000 | € 756,000 | ▲ 152% |
| Bank debt | € 1,183,405 | € 1,210,760 | € 1,043,647 | ▼ 14% |
| Balance sheet total | € 1,697,838 | € 1,603,242 | € 1,900,092 | ▲ 19% |
| Employees (FTE) | 3.1 | 6.7 | 6.5 | ▼ 0.2 |
Key figures of MW FINANCE, 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 MW FINANCE?
What happened at MW FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 757,689 (▲ 151% vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Mapivan BV became a director. NBB
- Tack Finance BV became a director. NBB
- Febeas COMMV became a director. NBB
- Aruha BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 414,600 profit in 2023 to € 757,689 profit in 2025.
Paid € 25,280 in corporate taxes since 2023.
Best year ever: 2025, with € 757,689 profit.
On average € 218,000 of value added per employee in 2025.
Management
The stake of MAPIVAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MW FINANCEBehind MW FINANCE are Mapivan BV, Tack Finance BV, Febeas COMMV and Aruha BV. The shares are held by MAPIVAN (100%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 398
8930 Menen
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
- 0800.112.913
- VAT number
- BE 0800.112.913
- Registered office
- Kortrijkstraat 398, 8930 Menen
- Names & denominations
- MW FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2023
- Peppol
- Active · Active since 26 May 2026
- Activities · NACE
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