Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 2.7 to 0.7.
Financials
Financial year 2025
M.L. union from Bouillon, company number BE0887147647, closed financial year 2025 with a result of € -33,518 after tax. For that financial year M.L. union recorded a gross margin of € 196,475 and equity of € 282,977. Compared with financial year 2024, the result moved from € -9,264 to € -33,518. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 282,977
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,518
▼ 262 % more loss than in 2024
Profit after tax over the fiscal year.
€ 24,079
▲ € 23,194 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 276,777.
People and assets in 2025
0.7
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 24,357
▼ 46% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 371,562
▼ 25% vs 2024
Of which on lease € 332,203.
Debts at end 2025
€ 639,482
▼ 12% vs 2024
€ 125,589 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 262,528
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,279
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 334,064 | € 357,021 | € 189,866 | € 196,475 | ▲ 3% |
| Profit after taxes | € 60,672 | € 19,626 | € -9,264 | € -33,518 | ▼ € 24,254 |
| Equity | € 306,134 | € 325,760 | € 316,495 | € 282,977 | ▼ 11% |
| Total debts | € 536,787 | € 536,621 | € 1,359,409 | € 973,372 | ▼ 28% |
| Cash | € 46,692 | € 978 | € 885 | € 24,079 | ▲ € 23,194 |
| Retained profit | € 299,934 | € 319,560 | € 310,295 | € 276,777 | ▼ 11% |
| Bank debt | € 376,590 | € 298,956 | € 725,502 | € 639,482 | ▼ 12% |
| Balance sheet total | € 842,921 | € 862,381 | € 1,675,904 | € 1,256,349 | ▼ 25% |
| Employees (FTE) | 1.7 | 2.7 | 2.2 | 0.7 | ▼ 1.5 |
Key figures of M.L. union, 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 October 2026.
What happened to M.L. union?
What happened at M.L. union in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,518. Source: NBB ↗
- New establishment in Bouillon. KBO
- Start of the company according to the CBE. KBO
In short
From € 60,672 profit in 2022 to € 33,518 loss in 2025.
Paid € 29,538 in corporate taxes since 2022.
Best year ever: 2022, with € 60,672 profit.
On average € 86,300 of value added per employee in 2024.
Management
Behind M.L. union are Miguel Macor and Lysiane Magistrini. Miguel Macor is also behind FM FINITIONS.
Directors
According to the 2025 annual accounts
Lysiane Magistrini
Associate
Establishments
Establishment units
Physical locations of this company
Rue de la Semois,Les Hayons 3
6830 Bouillon
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0887.147.647
- VAT number
- BE 0887.147.647
- Registered office
- Rue de la Semois,Les Hayons 3, 6830 Bouillon
- Names & denominations
- M.L. union
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 February 2007
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- mlunion.be
- Activities · NACE
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