Financials
Financial year 2025
M.U.G. from Grâce-Hollogne, company number BE0893858265, closed financial year 2025 with a result of € 99,071 after tax. For that financial year M.U.G. recorded a gross margin of € 300,708 and equity of € 568,470. Compared with financial year 2024, the result moved from € 39,466 to € 99,071. Profitable, and profit is growing. 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 August 31, 2026.
€ 568,470
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 99,071
▲ 151% vs 2024
Profit after tax over the fiscal year.
€ 162,377
▲ 185% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,000 paid out
25 % of the profit went to the shareholders, mostly to ATELIER M.U.G. (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 90,708
▲ 48% 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.
€ 16,922
▲ 211% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 64,445
▼ 36% vs 2024
€ 20,080 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 49,916
▲ 185% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 51,150
▲ € 47,249 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 112,692 | € 111,853 | € 162,875 | € 300,708 | ▲ 85% |
| Profit after taxes | € 38,020 | € 35,383 | € 39,466 | € 99,071 | ▲ 151% |
| Equity | € 419,550 | € 454,933 | € 494,399 | € 568,470 | ▲ 15% |
| Total debts | € 83,070 | € 311,933 | € 201,614 | € 215,511 | ▲ 7% |
| Cash | € 75,389 | € 32,133 | € 56,920 | € 162,377 | ▲ 185% |
| Retained profit | € 407,150 | € 442,533 | € 481,999 | € 556,070 | ▲ 15% |
| Dividend | € 0 | € 0 | € 0 | € 25,000 | |
| Bank debt | € 41,632 | € 10,059 | € 100,539 | € 64,445 | ▼ 36% |
| Balance sheet total | € 502,620 | € 766,866 | € 696,014 | € 783,981 | ▲ 13% |
| Employees (FTE) | 1 | - | - | - |
Key figures of M.U.G., 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 M.U.G.?
What happened at M.U.G. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 99,071 (▲ 151% vs 2024). filed late Source: NBB ↗
- ATELIER M.U.G. became a director. NBB
- Angelo Luparelli became a director. NBB
- Ruslan Agapi became a director. NBB
- New establishment in Grâce-Hollogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 38,020 profit in 2022 to € 99,071 profit in 2025.
Paid € 81,938 in corporate taxes since 2022.
Best year ever: 2025, with € 99,071 profit.
On average € 112,700 of value added per employee in 2022.
Management
The stake of ATELIER M.U.G. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M.U.G.Behind M.U.G. are ATELIER M.U.G., Angelo Luparelli and Ruslan Agapi. The shares are held by ATELIER M.U.G. (100%).
Directors
According to the 2025 annual accounts
Director
since 2023
Angelo Luparelli
Director
since 2023
Ruslan Agapi
(Autre fonction)
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Paul Janson 89
4460 Grâce-Hollogne
Rue de l'Informatique 12 box C
4460 Grâce-Hollogne
Active since 1 December 2007
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.
Details
- Company number
- 0893.858.265
- VAT number
- BE 0893.858.265
- Registered office
- Rue Paul Janson 89, 4460 Grâce-Hollogne
- Names & denominations
- M.U.G.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2007
- Peppol
- Active · Active since 20 Oct 2025
- Activities · NACE
Verspanend bewerken van metalen
Algemene metaalbewerking
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Vervaardiging van gereedschap
Vervaardiging van gereedschap, m.u.v. vormkasten en gietvormen