MOULAN SA
0405.844.832 · rovalta.com · 24/09/2026
ACTIVE
MOULAN SA
Financial year 2025 · closed on 31/12/2025
Net result
305,5 k €
+2.4% YoY
Revenue
15,6 M €
+2.1% YoY
Equity
4,8 M €
-0.2% YoY
Workforce
35,9 ETP
+5.9% YoY
Overview
What does MOULAN SA do?
MOULAN SA is a Public limited company incorporated in 1949. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Herve. It employs on average 35,9 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0405.844.832
Incorporation
10/12/1949
Legal form
Public limited company
Registered office
Avenue du Parc 28
4650 Herve · WallonieSee on map
4650 Herve · WallonieSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
35,9 ETP
Activities (NACE)
Joint committees (3)
- 14904
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 15,6 M € | +2.1% | 15,3 M € | -4.2% | 15,9 M € | -5.2% | 16,8 M € | +27.0% | 13,2 M € | +19.2% | 11,1 M € | -14.9% | 13,1 M € | +5.5% | 12,4 M € | +10.5% | 11,2 M € | +0.2% | 11,2 M € | -8.9% | 12,3 M € | -0.1% | 12,3 M € | +0.2% | 12,2 M € | -8.1% | 13,3 M € | +7.3% | 12,4 M € | +7.0% | 11,6 M € | -1.0% | 11,7 M € | -11.3% | 13,2 M € | +15.0% | 11,5 M € | +7.9% | 10,7 M € |
| EBITDA | 710,8 k € | +4.7% | 679,1 k € | -25.7% | 914,2 k € | -52.4% | 1,9 M € | +71.6% | 1,1 M € | +112% | 528,9 k € | -51.1% | 1,1 M € | +45.6% | 742 k € | -13.7% | 859,9 k € | +104% | 421,7 k € | -14.4% | 492,5 k € | +30.9% | 376,2 k € | -21.3% | 478,3 k € | -45.3% | 874,9 k € | -8.1% | 952,1 k € | +6.2% | 896,1 k € | +29.5% | 692,1 k € | -33.5% | 1 M € | +1.9% | 1 M € | +18.2% | 863,7 k € |
| Operating result | 351,5 k € | -6.6% | 376,5 k € | -39.5% | 622,2 k € | -63.2% | 1,7 M € | +75.9% | 960,7 k € | +212% | 307,8 k € | -26.4% | 418,2 k € | -8.5% | 457 k € | -21.1% | 579,5 k € | +242% | 169,4 k € | -35.1% | 261 k € | +56.5% | 166,7 k € | -39.6% | 276,1 k € | -56.7% | 637,9 k € | -6.1% | 679,6 k € | +19.2% | 570,3 k € | +56.9% | 363,6 k € | -49.4% | 719 k € | -9.6% | 795,7 k € | +35.9% | 585,3 k € |
| Net result | 305,5 k € | +2.4% | 298,3 k € | -40.3% | 499,6 k € | -62.5% | 1,3 M € | +65.3% | 806,3 k € | +185% | 282,5 k € | -21.4% | 359,5 k € | -4.4% | 376,1 k € | -8.1% | 409,2 k € | +223% | 126,8 k € | -24.1% | 167,2 k € | +5.7% | 158,2 k € | -24.6% | 210 k € | -57.2% | 490,6 k € | +4.0% | 471,9 k € | +19.5% | 394,7 k € | -33.4% | 592,5 k € | +28.3% | 462 k € | -6.8% | 495,8 k € | +39.6% | 355,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 4,8 M € | -0.2% | 4,8 M € | +0.9% | 4,7 M € | +1.0% | 4,7 M € | +17.2% | 4 M € | +4.4% | 3,8 M € | -0.3% | 3,8 M € | +3.8% | 3,7 M € | +3.2% | 3,6 M € | +6.4% | 3,4 M € | +2.9% | 3,3 M € | +0.3% | 3,3 M € | +1.0% | 3,2 M € | +1.9% | 3,2 M € | +4.0% | 3 M € | +5.2% | 2,9 M € | +3.1% | 2,8 M € | +12.5% | 2,5 M € | +6.3% | 2,4 M € | +7.9% | 2,2 M € |
| Total assets | 9,5 M € | +6.5% | 8,9 M € | -3.6% | 9,2 M € | +5.2% | 8,8 M € | +19.6% | 7,3 M € | +15.3% | 6,4 M € | -3.6% | 6,6 M € | -7.0% | 7,1 M € | +7.0% | 6,6 M € | -2.2% | 6,8 M € | -6.7% | 7,3 M € | -1.5% | 7,4 M € | -0.3% | 7,4 M € | +7.2% | 6,9 M € | -2.8% | 7,1 M € | +1.8% | 7 M € | -1.1% | 7 M € | -10.8% | 7,9 M € | +9.8% | 7,2 M € | +1.4% | 7,1 M € |
| Cash | 274,7 k € | +35.3% | 203,1 k € | -19.6% | 252,6 k € | -74.8% | 1 M € | +181% | 356,9 k € | -50.2% | 716 k € | +166% | 269,6 k € | +39.0% | 193,9 k € | +4.6% | 185,4 k € | -9.9% | 205,9 k € | -51.3% | 423 k € | +93.3% | 218,9 k € | -31.2% | 318 k € | -36.3% | 499,1 k € | +62.8% | 306,6 k € | +27.7% | 240 k € | +35.5% | 177,1 k € | +217% | 55,8 k € | -82.3% | 315,9 k € | +404% | 62,7 k € |
| Debts | 4,7 M € | +14.4% | 4,1 M € | -8.3% | 4,5 M € | +9.8% | 4,1 M € | +23.0% | 3,3 M € | +34.0% | 2,5 M € | -6.5% | 2,6 M € | -19.2% | 3,3 M € | +10.8% | 2,9 M € | -13.1% | 3,4 M € | -14.7% | 4 M € | -2.9% | 4,1 M € | -1.3% | 4,1 M € | +12.6% | 3,7 M € | -8.5% | 4 M € | -0.8% | 4,1 M € | -3.8% | 4,2 M € | -21.5% | 5,4 M € | +11.4% | 4,8 M € | -1.3% | 4,9 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 35,9 ETP | +5.9% | 33,9 ETP | -4.2% | 35,4 ETP | +4.1% | 34,0 ETP | -3.1% | 35,1 ETP | +1.7% | 34,5 ETP | -2.5% | 35,4 ETP | +5.4% | 33,6 ETP | -5.9% | 35,7 ETP | -5.6% | 37,8 ETP | -1.6% | 38,4 ETP | +0.3% | 38,3 ETP | -0.5% | 38,5 ETP | +1.0% | 38,1 ETP | +4.1% | 36,6 ETP | -0.5% | 36,8 ETP | -2.6% | 37,8 ETP | +5.6% | 35,8 ETP | -3.2% | 37,0 ETP | -2.1% | 37,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 32 ended
Active mandates
Luc MOULAN
ActiveActive
Active
Active
Etienne BONNIVER
ActivePhilippe DEGEY
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
MM Group● Active | 0768.483.686 |
Moulan Impact● Active | 1006.391.628 |
RMB IMMO● Active | 0784.730.295 |
Financials
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 | 24/07/2026 | 13/08/2025 | 01/08/2024 | 12/07/2023 | 04/07/2022 | 29/06/2021 |
| General meeting | 18/06/2026 | 13/06/2025 | 14/06/2024 | 15/06/2023 | 15/06/2022 | 15/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 18/06/2026 | 24/07/2026 | French | |
| Full model | 31/12/2024 | 13/06/2025 | 13/08/2025 | French | |
| Full model | 31/12/2023 | 14/06/2024 | 01/08/2024 | French | |
| Full model | 31/12/2022 | 15/06/2023 | 12/07/2023 | French | |
| Full model | 31/12/2021 | 15/06/2022 | 04/07/2022 | French | |
| Full model | 31/12/2020 | 15/06/2021 | 29/06/2021 | French | |
| Full model | 31/12/2019 | 15/06/2020 | 01/07/2020 | French | |
| Full model | 31/12/2018 | 14/06/2019 | 16/07/2019 | French | |
| Full model | 31/12/2017 | 15/06/2018 | 05/07/2018 | French | |
| Full modelCorrection | 31/12/2016 | 15/06/2017 | 28/10/2017 | French | |
| Full model | 31/12/2016 | 15/06/2017 | 27/06/2017 | French | |
| Full model | 31/12/2015 | 15/06/2016 | 22/06/2016 | French | |
| Full model | 31/12/2014 | 16/06/2015 | 24/06/2015 | French | |
| Full model | 31/12/2013 | 17/06/2014 | 01/07/2014 | French | |
| Full model | 31/12/2012 | 18/06/2013 | 26/06/2013 | French | |
| Full model | 31/12/2011 | 15/06/2012 | 19/06/2012 | French | |
| Full model | 31/12/2010 | 15/06/2011 | 08/07/2011 | French | |
| Full model | 31/12/2009 | 15/06/2010 | 30/06/2010 | French | |
| Full model | 31/12/2008 | 15/06/2009 | 01/07/2009 | French | |
| Full model | 31/12/2007 | 23/06/2008 | 07/07/2008 | French | |
| Full model | 31/12/2006 | 15/06/2007 | 27/06/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 32 ended
Active mandates
Luc MOULAN
ActiveActive
Active
Active
Etienne BONNIVER
ActivePhilippe DEGEY
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates23/12/2025DEMISSIONS, NOMINATIONS
- Mandates23/09/2024DEMISSIONS, NOMINATIONS
- Mandates30/06/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
- Mandates06/01/2022DEMISSIONS, NOMINATIONS
- Mandates28/09/2021DEMISSIONS, NOMINATIONS
- Mandates11/08/2021DEMISSIONS, NOMINATIONS
- Mandates13/07/2021DEMISSIONS, NOMINATIONS
- Mandates28/08/2020DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025305,5 k €↑
- 2024Annual accounts 2024298,3 k €↓
- 2023Annual accounts 2023499,6 k €↓
- 2022Annual accounts 20221,3 M €↑
- 2021Annual accounts 2021806,3 k €↑
- 2020Annual accounts 2020282,5 k €↓
- 2019Annual accounts 2019359,5 k €↓
- 2018Annual accounts 2018376,1 k €↓
- 2017Annual accounts 2017409,2 k €↑
- 2016Annual accounts 2016126,8 k €↓
- 2015Annual accounts 2015167,2 k €↑
- 2014Annual accounts 2014158,2 k €↓
- 2013Annual accounts 2013210 k €↓
- 2012Annual accounts 2012490,6 k €↑
- 2011Annual accounts 2011471,9 k €↑
- 2010Annual accounts 2010394,7 k €↓
- 2009Annual accounts 2009592,5 k €↑
- 2008Annual accounts 2008462 k €↓
- 2007Annual accounts 2007495,8 k €↑
- 2006Annual accounts 2006355,3 k €
- 10/12/1949IncorporationPublic limited company