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 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ML-GROEP from Kapellen, company number BE0828621213, closed financial year 2025 with a result of € -885,203 after tax. For that financial year ML-GROEP recorded a gross margin of € 765,761 and equity of € 239,119. Compared with financial year 2024, the result moved from € 5,430 to € -885,203. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 239,119
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -885,203
▼ still € 5,430 profit in 2024
Profit after tax over the fiscal year.
€ 108,588
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
24
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 1% vs 2024
€ 60,900 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.
€ 13,289
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.6 million
▲ 10% vs 2024
€ 191,649 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 2.4 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,359
▼ 51% 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 | € 1,251,806 | € 1,349,463 | € 1,520,854 | € 765,761 | ▼ 50% |
| Profit after taxes | € -18,599 | € -146,958 | € 5,430 | € -885,203 | ▼ € 890,633 |
| Equity | € 411,849 | € 264,891 | € 270,321 | € 239,119 | ▼ 12% |
| Total debts | € 4,116,985 | € 5,409,431 | € 4,969,415 | € 5,206,742 | ▲ 5% |
| Cash | € 171,946 | € 142,897 | € 105,290 | € 108,588 | ▲ 3% |
| Retained profit | € -188,151 | € -335,109 | € -329,679 | € -1,214,881 | ▼ € 885,203 |
| Bank debt | € 1,754,399 | € 2,114,972 | € 2,366,914 | € 2,614,025 | ▲ 10% |
| Balance sheet total | € 4,528,834 | € 5,674,322 | € 5,239,736 | € 5,445,860 | ▲ 4% |
| Employees (FTE) | 21.4 | 24.7 | 27.3 | 24 | ▼ 3.3 |
Key figures of ML-GROEP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ML-GROEP?
What happened at ML-GROEP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LcL Green BV stepped down as director. NBB
- Firma Eyckerman BV stepped down as director. NBB
- Mathias Eyckerman stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 885,203 (▼ € 890,633 vs 2024). Source: NBB ↗
- LcL Green BV became a director. NBB
- Firma Eyckerman BV became a director. NBB
- Mathias Eyckerman became a director. NBB
- New establishment in Kapellen. KBO
In short
From € 18,599 loss in 2022 to € 885,203 loss in 2025.
Paid € 2,144 in corporate taxes since 2022.
Best year ever: 2024, with € 5,430 profit.
On average € 31,900 of value added per employee in 2025.
Management
The stake of GROENZORG, LcL Green comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ML-GROEPThe shares are held by GROENZORG (60%) and LcL Green (40%).
Directors
According to the 2025 annual accounts
Director · represented by Clio Van de Poel
since 2025 · until 2031
Managing director · represented by Geert Eyckerman
since 2025 · until 2031
since 2025 · until 2031
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leo Baekelandstraat 5
2950 Kapellen
Kapelsesteenweg 127
2180 Antwerpen
Active since 20 August 2010
Vijfstraten 207 box B
9100 Sint-Niklaas
Active since 1 October 2010
Ambachtenlaan 17
9080 Lochristi
Active since 1 February 2012
Oostmalsesteenweg 69
2520 Ranst
Active since 1 July 2022
Wijnegemsteenweg 59-61
2970 Schilde
Active since 1 December 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0828.621.213
- VAT number
- BE 0828.621.213
- Registered office
- Leo Baekelandstraat 5, 2950 Kapellen
- Names & denominations
- ML-GROEP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 August 2010
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in ijzerwaren en gereedschappen
Detailhandel in bloemen, planten, zaden en kunstmeststoffen
Verhuur en lease van machines, apparatuur en handgereedschap voor doe-het-zelvers
Verhuur en lease van landbouwmachines en -werktuigen
Groothandel in machines, werktuigen en toebehoren voor de landbouw
Groothandel in motorfietsen, delen en toebehoren van motorfietsen
Groothandel in ijzerwaren
Handelsbemiddeling en groothandel in motorfietsen en delen en toebehoren van motorfietsen