ACTIVE

MB NIVELLES

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Financial year 2025 · closed on 31/12/2025

Net result

308,1 k €

-21.5% YoY

Revenue

4,1 M €

-7.4% YoY

Equity

1,2 M €

+0.9% YoY

Workforce

10,9 ETP

-8.4% YoY

What does MB NIVELLES do?

MB NIVELLES is a Public limited company incorporated in 1949. Its main activity is: Retail sale of hardware, paints and glass in specialised stores. Its registered office is in Namur. It employs on average 10,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.575.842

Incorporation

17/04/1949

Legal form

Public limited company

Registered office

Rue des Morgelines(NN) 8
5100 Namur · WallonieSee on map

Contributed capital

133 007,21 €

Latest accounts

31/12/2025

Average workforce

10,9 ETP

Activities (NACE)

47521Retail sale of hardware, paints and glass in specialised stores· main 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation 47120Retail sale in non-specialised stores 47910Retail sale via mail order houses or via Internet

Joint committees (5)

100
14904
201
2010
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	4,1 M €	-7.4%	4,4 M €	-1.4%	4,5 M €	-0.6%	4,5 M €	-9.9%	5 M €	+14.0%	4,4 M €	-1.0%	4,4 M €	+9.5%	4 M €	+5.0%	3,8 M €	-60.7%	9,8 M €	+0.6%	9,7 M €	+7.2%	9,1 M €	+7.1%	8,5 M €	+20.0%	7,1 M €	+26.8%	5,6 M €	-3.8%	5,8 M €	-1.8%	5,9 M €
EBITDA	587,4 k €	-16.8%	706,1 k €	-11.1%	794,1 k €	+4.9%	756,6 k €	-26.7%	1 M €	+89.7%	544,1 k €	+4.6%	520,3 k €	-4.6%	545,4 k €	+119%	249,3 k €	-72.8%	915,8 k €	-20.6%	1,2 M €	+15.3%	1 M €	+17.1%	854,4 k €	+64.6%	519,1 k €	+24.4%	417,4 k €	+1.9%	409,7 k €	-21.4%	521,6 k €
Operating result	414,4 k €	-20.6%	521,9 k €	-16.5%	624,7 k €	+9.6%	569,9 k €	-32.4%	843,1 k €	+181%	300 k €	+7.8%	278,4 k €	-11.9%	316,1 k €	+1463%	-23,2 k €	-107%	320,3 k €	-45.4%	587,1 k €	+43.1%	410,3 k €	+51.4%	271 k €	+501%	45,1 k €	-61.0%	115,8 k €	+20.3%	96,3 k €	-65.8%	281,5 k €
Net result	308,1 k €	-21.5%	392,5 k €	-16.5%	470,2 k €	+15.1%	408,5 k €	-35.4%	632,7 k €	+323%	149,7 k €	-4.4%	156,6 k €	-14.1%	182,3 k €	+201%	-179,9 k €	-400%	59,9 k €	-78.4%	277,8 k €	+103%	137,1 k €	+450%	-39,2 k €	+66.9%	-118,5 k €	-8348%	-1,4 k €	-100%	396 k €	+194%	134,5 k €
Balance sheet
Equity	1,2 M €	+0.9%	1,1 M €	+6.0%	1,1 M €	+8.2%	997,3 k €	+11.2%	896,9 k €	+57.7%	568,6 k €	+7.9%	526,9 k €	+39.3%	378,3 k €	+85.4%	204 k €	-93.5%	3,1 M €	-3.0%	3,2 M €	+8.2%	3 M €	+0.9%	3 M €	+93.8%	1,5 M €	+4.4%	1,5 M €	+15.9%	1,3 M €	+43.7%	881 k €
Total assets	2,7 M €	-7.9%	2,9 M €	-4.4%	3 M €	-16.3%	3,6 M €	-2.3%	3,7 M €	+0.3%	3,7 M €	-5.7%	3,9 M €	-10.5%	4,4 M €	-4.2%	4,6 M €	-63.6%	12,5 M €	+5.2%	11,9 M €	+0.0%	11,9 M €	-3.6%	12,3 M €	+22.4%	10,1 M €	+24.7%	8,1 M €	+73.6%	4,7 M €	+26.7%	3,7 M €
Cash	30,7 k €	-26.8%	42 k €	-12.8%	48,1 k €	-90.5%	505,8 k €	-0.3%	507,4 k €	+2785%	17,6 k €	-23.8%	23,1 k €	-33.0%	34,4 k €	+59.9%	21,5 k €	-88.5%	187,3 k €	-34.8%	287,4 k €	+18.6%	242,3 k €	+129%	105,9 k €	-69.2%	343,7 k €	+70.5%	201,6 k €	+63.1%	123,6 k €	-14.5%	144,5 k €
Debts	1,5 M €	-13.7%	1,7 M €	-10.2%	1,9 M €	-25.7%	2,6 M €	-6.6%	2,8 M €	-10.2%	3,1 M €	-7.3%	3,4 M €	-15.3%	4 M €	-8.2%	4,3 M €	-53.9%	9,4 M €	+8.2%	8,7 M €	-2.7%	8,9 M €	-5.0%	9,4 M €	+9.6%	8,5 M €	+29.2%	6,6 M €	+95.2%	3,4 M €	+21.3%	2,8 M €
Other
Workforce	10,9 ETP	-8.4%	11,9 ETP	-9.2%	13,1 ETP	+1.6%	12,9 ETP	-3.0%	13,3 ETP	+1.5%	13,1 ETP	-7.7%	14,2 ETP	+2.2%	13,9 ETP	+3.7%	13,4 ETP	-62.6%	35,8 ETP	+0.6%	35,6 ETP	+2.3%	34,8 ETP	-2.0%	35,5 ETP	-1.1%	35,9 ETP	+5.6%	34,0 ETP	+12.6%	30,2 ETP	+1.0%	29,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

PROVA

Director · 0434.001.061

Represented by Réginald de Woot

Active

Ended mandates

PROVA

Director · since 21 décembre 2023 · 0434.001.061

Represented by Réginald De Woot

Ended

Luc Goessens

Director · since 27 juin 2019 · until 21 décembre 2023

Ended

Luc Goessens

Director · since 27 juin 2019 · until 04 juin 2025

Ended

Luc Goessens

Director · since 27 juin 2019 · until 27 juin 2025

Ended

At this address

Other companies at this address

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MB BRAINE-L'ALLEUD● Active	0557.921.036
MB CHIÈVRES● Active	0885.467.369
MB FRAMERIES● Active	0473.993.270
MB GENVAL● Active	0557.922.620
MB JODOIGNE● Active	0450.485.519
MB LIBRAMONT● Active	0422.427.179
MB PERWEZ● Active	0419.716.921
MB SOIGNIES● Active	0668.491.831
MELTEMI● Active	0889.570.271
OSSIMO● Active	0521.789.823
PROVA● Active	0434.001.061
UNITE TVA PROVA● Active	0643.622.516

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	07/07/2025	05/07/2024	28/06/2023	07/07/2022	07/07/2021
General meeting	11/06/2026	11/06/2025	12/06/2024	08/06/2023	09/06/2022	10/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	11/06/2026	22/06/2026	French	PDF
Full model	31/12/2024	11/06/2025	07/07/2025	French	PDF
Full model	31/12/2023	12/06/2024	05/07/2024	French	PDF
Full model	31/12/2022	08/06/2023	28/06/2023	French	PDF
Full model	31/12/2021	09/06/2022	07/07/2022	French	PDF
Full model	31/12/2020	10/06/2021	07/07/2021	French	PDF
Full model	31/12/2019	25/06/2020	03/07/2020	French	PDF
Full model	31/12/2018	27/06/2019	17/07/2019	French	PDF
Full model	31/12/2017	21/06/2018	12/07/2018	French	PDF
Full model	31/12/2016	15/06/2017	13/07/2017	French	PDF
Full model	31/12/2015	16/06/2016	08/07/2016	French	PDF
Full model	31/12/2014	03/06/2015	25/06/2015	French	PDF
Full model	31/12/2013	04/06/2014	19/06/2014	French	PDF
Full model	31/12/2012	31/05/2013	02/07/2013	French	PDF
Full model	31/12/2011	29/05/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	12/07/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	02/07/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	08/07/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	14/08/2008	French	PDF
Abridged model	31/12/2006	28/05/2007	02/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

PROVA

Director · 0434.001.061

Represented by Réginald de Woot

Active

Ended mandates

PROVA

Director · since 21 décembre 2023 · 0434.001.061

Represented by Réginald De Woot

Ended

Luc Goessens

Director · since 27 juin 2019 · until 21 décembre 2023

Ended

Luc Goessens

Director · since 27 juin 2019 · until 04 juin 2025

Ended

Luc Goessens

Director · since 27 juin 2019 · until 27 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates09/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2017
DEMISSIONS, NOMINATIONS
PDF
Other13/04/2017
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/05/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025308,1 k €↓
2024
Annual accounts 2024392,5 k €↓
2023
Annual accounts 2023470,2 k €↑
2023
Name changeMB Nivelles
2022
Annual accounts 2022408,5 k €↓
2021
Annual accounts 2021632,7 k €↑
2018
Annual accounts 2018149,7 k €↓
2017
Annual accounts 2017156,6 k €↓
2016
Annual accounts 2016182,3 k €↑
2015
Annual accounts 2015-179,9 k €↓
2015
Name changeBrinivelles
2013
Annual accounts 201359,9 k €↓
2012
Annual accounts 2012277,8 k €↑
2011
Annual accounts 2011137,1 k €↑
2010
Annual accounts 2010-39,2 k €↑
2009
Annual accounts 2009-118,5 k €↓
2008
Annual accounts 2008-1,4 k €↓
2007
Annual accounts 2007396 k €↑
2006
Annual accounts 2006134,5 k €
2006
Name changeEtablissements Alexandre et Co
17/04/1949
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MB NIVELLES

Overview

What does MB NIVELLES do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline