ACTIVE

MUNTERS BELGIUM

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

2 M €

-10.3% YoY

Revenue

37,2 M €

+18.4% YoY

Equity

6,8 M €

-22.7% YoY

Workforce

45,9 ETP

+12.2% YoY

What does MUNTERS BELGIUM do?

MUNTERS BELGIUM is a Public limited company incorporated in 1952. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Mechelen. It employs on average 45,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.845.822

Incorporation

02/07/1952

Legal form

Public limited company

Registered office

Oude Baan 3
2800 Mechelen · FlandreSee on map

Contributed capital

891 671,26 €

Latest accounts

31/12/2024

Average workforce

45,9 ETP

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 46647Wholesale of machinery for the textile industry and of sewing and knitting machines 46697Wholesale of other machinery and equipment

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	37,2 M €	+18.4%	31,4 M €	+40.8%	22,3 M €	+49.2%	14,9 M €	+27.2%	11,7 M €	-47.3%	22,3 M €	-71.6%	78,5 M €	+47.6%	53,2 M €	+104%	26,1 M €	+6.7%	24,5 M €	+36.6%	17,9 M €	-20.5%	22,5 M €	+2.6%	21,9 M €	+20.0%	18,3 M €	-9.4%	20,2 M €	+26.2%	16 M €	-9.4%	17,6 M €
EBITDA	1,9 M €	+10.2%	1,7 M €	+1201%	-155,2 k €	+93.1%	-2,2 M €	-146%	4,8 M €	+113%	-37,7 M €	-473%	-6,6 M €	-269%	3,9 M €	+710%	-636,9 k €	+54.8%	-1,4 M €	+61.2%	-3,6 M €	-583%	-531,7 k €	-160%	887 k €	+95.6%	453,5 k €	-61.4%	1,2 M €	-0.8%	1,2 M €	+26.3%	937 k €
Operating result	1,9 M €	-6.6%	2 M €	+1660%	115,8 k €	-92.6%	1,6 M €	-76.2%	6,5 M €	+116%	-40,4 M €	-452%	-7,3 M €	-343%	3 M €	+411%	-969,5 k €	+57.3%	-2,3 M €	+42.4%	-3,9 M €	-315%	-949,9 k €	-286%	509,4 k €	+55.8%	327,1 k €	-60.2%	821,2 k €	-7.8%	890,7 k €	+38.0%	645,4 k €
Net result	2 M €	-10.3%	2,3 M €	+734%	269,8 k €	-83.7%	1,7 M €	-69.3%	5,4 M €	+113%	-40,8 M €	-440%	-7,5 M €	-368%	2,8 M €	+289%	-1,5 M €	+44.4%	-2,7 M €	+36.7%	-4,2 M €	-381%	-880 k €	-648%	-117,6 k €	-383%	41,6 k €	-94.6%	773,5 k €	+74.1%	444,3 k €	-9.0%	488,3 k €
Balance sheet
Equity	6,8 M €	-22.7%	8,7 M €	0.0%	8,7 M €	+3.2%	8,5 M €	+24.2%	6,8 M €	+116%	-41,6 M €	-5125%	-795,5 k €	-116%	4,9 M €	+138%	2 M €	+33.4%	1,5 M €	+78.5%	857,9 k €	-71.2%	3 M €	-22.8%	3,9 M €	-3.0%	4 M €	+1.1%	3,9 M €	+21.1%	3,2 M €	+19.6%	2,7 M €
Total assets	25,9 M €	+82.9%	14,1 M €	-28.4%	19,8 M €	+48.9%	13,3 M €	-10.6%	14,8 M €	-0.7%	14,9 M €	-25.2%	20 M €	-28.5%	28 M €	+127%	12,3 M €	+16.5%	10,5 M €	+18.5%	8,9 M €	-16.6%	10,7 M €	-8.1%	11,6 M €	+33.9%	8,7 M €	-6.8%	9,3 M €	-3.2%	9,6 M €	-6.9%	10,3 M €
Cash	5,4 M €	+208%	1,7 M €	-46.3%	3,2 M €	+3.6%	3,1 M €	+212%	1 M €	-62.9%	2,7 M €	+54.6%	1,8 M €	-44.2%	3,1 M €	+33.8%	2,3 M €	+259%	654,3 k €	-4.3%	683,7 k €	-39.0%	1,1 M €	-9.9%	1,2 M €	-32.1%	1,8 M €	+62.7%	1,1 M €	+59.6%	706 k €	+72.5%	409,3 k €
Debts	18,4 M €	+258%	5,1 M €	-51.1%	10,5 M €	+151%	4,2 M €	+20.2%	3,5 M €	-91.3%	40,1 M €	+130%	17,5 M €	-19.1%	21,6 M €	+127%	9,5 M €	+13.4%	8,4 M €	+10.4%	7,6 M €	+6.3%	7,1 M €	+3.1%	6,9 M €	+66.5%	4,2 M €	-18.5%	5,1 M €	-15.9%	6,1 M €	-17.9%	7,4 M €
Other
Workforce	45,9 ETP	+12.2%	40,9 ETP	+9.9%	37,2 ETP	+24.8%	29,8 ETP	-34.4%	45,4 ETP	-75.5%	185,0 ETP	-27.5%	255,0 ETP	+47.4%	173,0 ETP	+11.6%	155,0 ETP	+4.0%	149,0 ETP	-1.4%	151,1 ETP	+0.1%	150,9 ETP	+6.5%	141,7 ETP	+14.2%	124,1 ETP	+10.6%	112,2 ETP	-3.9%	116,8 ETP	+3.2%	113,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 33 ended

Active mandates

Emelie Bimer

Director · since 28 juin 2024 · until 21 mai 2030

Active

Frank Pellegrino

Director · since 18 août 2020 · until 19 mai 2026

Active

Sancho Hendrik Pieter Hofman

Director · since 31 janvier 2020 · until 18 juillet 2025

Active

Ended mandates

Frank Pellegrino

Director · since 31 août 2020 · until 19 mai 2026

Ended

Sancho Hendrik Pieter Hofman

Director · since 18 février 2020 · until 20 mai 2025

Ended

Sancho HOFMAN

Director · since 31 janvier 2020 · until 17 mai 2020

Ended

Karin Bergman

Director · since 11 juillet 2019 · until 22 mars 2024

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/09/2025	08/07/2024	12/07/2023	20/09/2022	14/02/2022	25/09/2020
General meeting	18/07/2025	28/06/2024	12/07/2023	07/09/2022	09/02/2022	08/09/2020
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 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	18/07/2025	09/09/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	12/07/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	07/09/2022	20/09/2022	Dutch	PDF
Full model	31/12/2020	09/02/2022	14/02/2022	Dutch	PDF
Full model	31/12/2019	08/09/2020	25/09/2020	French	PDF
Full model	31/12/2018	11/07/2019	14/08/2019	French	PDF
Full model	31/12/2017	25/05/2018	18/10/2018	French	PDF
Full model	31/12/2016	16/06/2017	26/06/2017	French	PDF
Full model	31/12/2015	27/05/2016	17/08/2016	French	PDF
Full model	31/12/2014	29/05/2015	11/08/2015	French	PDF
Full model	31/12/2013	20/05/2014	12/08/2014	French	PDF
Full model	31/12/2012	21/06/2013	11/07/2013	French	PDF
Full model	31/12/2011	29/06/2012	13/07/2012	French	PDF
Full model	31/12/2010	17/05/2011	10/06/2011	French	PDF
Full model	31/12/2009	18/05/2010	07/06/2010	French	PDF
Full model	31/12/2008	19/05/2009	29/05/2009	French	PDF
Full model	31/12/2007	30/06/2008	16/07/2008	French	PDF
Full model	31/12/2006	23/05/2007	11/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 3 active · 33 ended

Active mandates

Emelie Bimer

Director · since 28 juin 2024 · until 21 mai 2030

Active

Frank Pellegrino

Director · since 18 août 2020 · until 19 mai 2026

Active

Sancho Hendrik Pieter Hofman

Director · since 31 janvier 2020 · until 18 juillet 2025

Active

Ended mandates

Frank Pellegrino

Director · since 31 août 2020 · until 19 mai 2026

Ended

Sancho Hendrik Pieter Hofman

Director · since 18 février 2020 · until 20 mai 2025

Ended

Sancho HOFMAN

Director · since 31 janvier 2020 · until 17 mai 2020

Ended

Karin Bergman

Director · since 11 juillet 2019 · until 22 mars 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/01/2021
SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2019
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

2024
Annual accounts 20242 M €↓
2023
Annual accounts 20232,3 M €↑
2022
Annual accounts 2022269,8 k €↓
2021
Annual accounts 20211,7 M €↓
2020
Annual accounts 20205,4 M €↑
2019
Annual accounts 2019-40,8 M €↓
2018
Annual accounts 2018-7,5 M €↓
2016
Annual accounts 20162,8 M €↑
2015
Annual accounts 2015-1,5 M €↑
2014
Annual accounts 2014-2,7 M €↑
2013
Annual accounts 2013-4,2 M €↓
2011
Annual accounts 2011-880 k €↓
2010
Annual accounts 2010-117,6 k €↓
2009
Annual accounts 200941,6 k €↓
2008
Annual accounts 2008773,5 k €↑
2007
Annual accounts 2007444,3 k €↓
2006
Annual accounts 2006488,3 k €
02/07/1952
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

MUNTERS BELGIUM

Overview

What does MUNTERS BELGIUM do?

Trend over 17 financial years

Indicative valuation

Board of directors

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