What does Movarec do?

Movarec is a car dealer in Tielt. Private Limited, started on 12 April 2005, 1 establishment.

What is the address of Movarec?

The registered office of Movarec is located at Steenovenstraat 98, 8760 Tielt.

Is Movarec still active?

Yes. According to the CBE (29 October 2026) Movarec is active, legal situation “Normale toestand”, started on 12 April 2005.

Is Movarec registered on Peppol?

Yes, Movarec is registered on the Peppol network with ID 0208:0873114915.

What is the enterprise number of Movarec?

The enterprise number of Movarec is BE0873114915.

When was Movarec founded?

Movarec was founded on 12 April 2005.

Who are the directors of Movarec?

According to the 2025 annual accounts, the directors of Movarec are: SRW Holding, Jurgen Monseré.

Is Movarec a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 April 2005; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Movarec make in 2025?

Movarec posted a profit after taxes of € 109,605 in financial year 2025.

What is the revenue of Movarec?

As a small company, Movarec is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 655,498.

How much does an employee at Movarec earn?

The average wage cost per full-time employee at Movarec was € 43,100 in 2025: staff costs of € 172,258 for 4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Movarec have?

According to the 2025 annual accounts, Movarec has 4 full-time equivalents (FTE).

Movarec (Private Limited) - Tielt - BE0873114915

Dossier Movarec, printed on 29 October 2026 from databakkes.be/en/0873114915/movarec. 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.

Busy address KBO

13 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Movarec from Tielt, company number BE0873114915, closed financial year 2025 with a result of € 109,605 after tax. For that financial year Movarec recorded a gross margin of € 655,498 and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 211,228 to € 109,605. 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 July 7, 2026.

What it is worth Growing

€ 2.2 million

▲ 5% vs 2024

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

Profit Healthy

€ 109,605

▼ 48% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 398,336

▼ 18% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 172,258

▼ 28% vs 2024

€ 43,100 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.

Vehicles and equipment

€ 794,884

▼ 33% vs 2024

Of which on lease € 782,281.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 791,661

▼ 38% vs 2024

€ 343,685 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 176,761

▼ 15% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 4,367

▼ 59% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 2,563,123 Revenue 2022: € 2,563,123 First fiscal year in the series	-	-	-
Gross margin	€ 1,622,495 Gross margin 2022: € 1,622,495 First fiscal year in the series	€ 1,242,880 Gross margin 2023: € 1,242,880 ▼ 23% vs 2022 (€ 1,622,495) Unfavourable step	€ 1,152,637 Gross margin 2024: € 1,152,637 ▼ 7% vs 2023 (€ 1,242,880) Unfavourable step	€ 655,498 Gross margin 2025: € 655,498 ▼ 43% vs 2024 (€ 1,152,637) Unfavourable step	▼ 43%
Profit after taxes	€ 787,346 Profit after taxes 2022: € 787,346 First fiscal year in the series	€ 321,856 Profit after taxes 2023: € 321,856 ▼ 59% vs 2022 (€ 787,346) Unfavourable step	€ 211,228 Profit after taxes 2024: € 211,228 ▼ 34% vs 2023 (€ 321,856) Unfavourable step	€ 109,605 Profit after taxes 2025: € 109,605 ▼ 48% vs 2024 (€ 211,228) Unfavourable step	▼ 48%
Equity	€ 1,587,901 Equity 2022: € 1,587,901 First fiscal year in the series	€ 1,909,757 Equity 2023: € 1,909,757 ▲ 20% vs 2022 (€ 1,587,901) Favourable step	€ 2,120,985 Equity 2024: € 2,120,985 ▲ 11% vs 2023 (€ 1,909,757) Favourable step	€ 2,230,590 Equity 2025: € 2,230,590 ▲ 5% vs 2024 (€ 2,120,985) Favourable step	▲ 5%
Total debts	€ 3,169,052 Total debts 2022: € 3,169,052 First fiscal year in the series	€ 2,625,157 Total debts 2023: € 2,625,157 ▼ 17% vs 2022 (€ 3,169,052) Favourable step	€ 1,509,021 Total debts 2024: € 1,509,021 ▼ 43% vs 2023 (€ 2,625,157) Favourable step	€ 972,790 Total debts 2025: € 972,790 ▼ 36% vs 2024 (€ 1,509,021) Favourable step	▼ 36%
Cash	€ 702,398 Cash 2022: € 702,398 First fiscal year in the series	€ 152,539 Cash 2023: € 152,539 ▼ 78% vs 2022 (€ 702,398) Unfavourable step	€ 483,705 Cash 2024: € 483,705 ▲ 217% vs 2023 (€ 152,539) Favourable step	€ 398,336 Cash 2025: € 398,336 ▼ 18% vs 2024 (€ 483,705) Unfavourable step	▼ 18%
Land & buildings	€ 342,176 Land & buildings 2022: € 342,176 First fiscal year in the series	€ 342,176 Land & buildings 2023: € 342,176 Unchanged (€ 342,176) Unchanged	€ 0 Land & buildings 2024: € 0 ▼ 100% vs 2023 (€ 342,176) Unchanged	-
Retained profit	€ 1,342,901 Retained profit 2022: € 1,342,901 First fiscal year in the series	€ 1,664,757 Retained profit 2023: € 1,664,757 ▲ 24% vs 2022 (€ 1,342,901) Favourable step	€ 1,875,985 Retained profit 2024: € 1,875,985 ▲ 13% vs 2023 (€ 1,664,757) Favourable step	€ 1,985,590 Retained profit 2025: € 1,985,590 ▲ 6% vs 2024 (€ 1,875,985) Favourable step	▲ 6%
Dividend	€ 460,000 Dividend 2022: € 460,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 460,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 2,251,011 Bank debt 2022: € 2,251,011 First fiscal year in the series	€ 2,258,991 Bank debt 2023: € 2,258,991 Unchanged (€ 2,251,011) Unfavourable step	€ 1,279,674 Bank debt 2024: € 1,279,674 ▼ 43% vs 2023 (€ 2,258,991) Favourable step	€ 791,661 Bank debt 2025: € 791,661 ▼ 38% vs 2024 (€ 1,279,674) Favourable step	▼ 38%
Balance sheet total	€ 4,863,826 Balance sheet total 2022: € 4,863,826 First fiscal year in the series	€ 4,623,511 Balance sheet total 2023: € 4,623,511 ▼ 5% vs 2022 (€ 4,863,826) Unchanged	€ 3,818,305 Balance sheet total 2024: € 3,818,305 ▼ 17% vs 2023 (€ 4,623,511) Unchanged	€ 3,381,654 Balance sheet total 2025: € 3,381,654 ▼ 11% vs 2024 (€ 3,818,305) Unchanged	▼ 11%
Employees (FTE)	3.3 Employees (FTE) 2022: 3.3 First fiscal year in the series	4 Employees (FTE) 2023: 4 ▲ 0.7 vs 2022 (3.3) Unchanged	4 Employees (FTE) 2024: 4 Unchanged (4) Unchanged	4 Employees (FTE) 2025: 4 Unchanged (4) Unchanged

Key figures of Movarec, 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 Movarec?

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

Jul 7, 2026 New annual accounts for financial year 2025: profit of € 109,605 (▼ 48% vs 2024). Source: NBB ↗
2023 SRW Holding became a director. NBB
2023 Jurgen Monseré became a director. NBB
Apr 12, 2005 New establishment in Tielt. KBO
Apr 12, 2005 Start of the company according to the CBE. KBO

In short

From € 787,346 profit in 2022 to € 109,605 profit in 2025.

Paid € 248,012 in corporate taxes since 2022.

Best year ever: 2022, with € 787,346 profit.

On average € 163,900 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

SRW HOLDING 100%

The stake of SRW HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Movarec

VRB - Veurns Recyclage Bedrijf 50%

Behind Movarec are SRW Holding and Jurgen Monseré. The shares are held by SRW HOLDING (100%). It owns 50% of VRB - Veurns Recyclage Bedrijf itself.

Directors

According to the 2025 annual accounts

SRW Holding

Director · represented by Dries Vuylsteke

Also active at: MONSERÉ SLOOP- EN GRONDWERKEN, DV CONVEST, MOVATRANS

since 2023

Jurgen Monseré

Director · represented by Jurgen Monseré

Also active at: SRW HOLDING

since 2023

Shareholders

SRW HOLDING

100%

Participations

VRB - Veurns Recyclage Bedrijf

50%

Establishments

Establishment units

Physical locations of this company

Registered office

Steenovenstraat 98

8760 Tielt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.

All companies at this address →

WEGENBOUW IVAN VUYLSTEKE

€ 30.9 million revenue · 2025

MONSERÉ SLOOP- EN GRONDWERKEN same network

€ 1 million gross margin · 2025

SRW GROEP

SRW HOLDING same network

€ 1.3 million revenue · 2025

Tijdelijke maatschap Ivan Vuylsteke - Vanlerberghe

+8 more

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

Details

Company number

0873.114.915

VAT number

BE 0873.114.915

Registered office

Steenovenstraat 98, 8760 Tielt

Names & denominations

Movarec

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

12 April 2005

Peppol

Active · Active since 29 Sept 2025

Activities · NACE

Slopen van gebouwen

Slopen

Terugwinning van materialen uit afval

Recycling van niet-metaalafval

Terugwinning van inerte afvalstoffen

Bouwrijp maken van terreinen

Afvalwaterafvoer

Afvalwaterinzameling en -behandeling

View on CBE Public ↗ Annual accounts (NBB) ↗

Movarec

Warning lights

Financials

What happened to Movarec?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions