ACTIVE

MUVANTEX

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Financial year 2025 · closed on 31/12/2025

Net result

40,5 k €

-63.0% YoY

Revenue

13,8 M €

+29.3% YoY

Equity

4,7 M €

+0.9% YoY

Workforce

30,2 ETP

+14.4% YoY

What does MUVANTEX do?

MUVANTEX is a Public limited company incorporated in 1976. Its registered office is in Deerlijk. It employs on average 30,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.636.279

Incorporation

20/12/1976

Legal form

Public limited company

Registered office

Kortrijkse heerweg 209
8540 Deerlijk · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Average workforce

30,2 ETP

Joint committees (2)

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 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	13,8 M €	+29.3%	10,6 M €	-6.8%	11,4 M €	-8.0%	12,4 M €	-6.1%	13,2 M €	+25.4%	10,5 M €	-31.7%	15,4 M €	-5.8%	16,4 M €	-10.3%	18,3 M €	-4.5%	19,1 M €	-6.5%	20,5 M €	+11.7%	18,3 M €	-1.1%	18,5 M €	+7.8%	17,2 M €	+18.6%	14,5 M €	+2.9%	14,1 M €	+21.8%	11,5 M €	-0.2%	11,6 M €	-14.4%	13,5 M €	+0.9%	13,4 M €
EBITDA	468,4 k €	+42.6%	328,5 k €	+76.0%	186,7 k €	-69.7%	616 k €	-26.9%	842,2 k €	+353%	186 k €	-58.1%	444 k €	+5.3%	421,6 k €	+111%	200,1 k €	-82.4%	1,1 M €	+75.0%	651,2 k €	-23.5%	851,1 k €	+39.7%	609 k €	-13.3%	702,4 k €	+152%	279,2 k €	-62.4%	741,9 k €	+11.2%	667,4 k €	+11.8%	597,2 k €	-51.7%	1,2 M €	+4.9%	1,2 M €
Operating result	247,1 k €	-5.2%	260,6 k €	+25202%	-1 k €	-100%	383,8 k €	-48.2%	741,5 k €	+843%	78,6 k €	-68.3%	248,3 k €	+10.3%	225,1 k €	-45.2%	410,8 k €	-52.3%	860,7 k €	+75.1%	491,6 k €	+110%	234,1 k €	-38.5%	381 k €	+11.3%	342,3 k €	+423%	-105,9 k €	-137%	283,1 k €	+89.2%	149,6 k €	+206%	48,9 k €	-94.2%	837,8 k €	-16.4%	1 M €
Net result	40,5 k €	-63.0%	109,3 k €	+291%	-57,1 k €	-124%	234,6 k €	-70.4%	792 k €	+1734%	43,2 k €	-76.4%	182,7 k €	+89.7%	96,3 k €	-45.7%	177,3 k €	-61.2%	457,2 k €	-30.2%	655,1 k €	+70.1%	385,2 k €	+10.6%	348,3 k €	-17.8%	423,7 k €	+526%	67,6 k €	-82.5%	387,2 k €	+182%	137,5 k €	+304%	-67,3 k €	-113%	500,8 k €	-25.3%	670,1 k €
Balance sheet
Equity	4,7 M €	+0.9%	4,7 M €	+2.4%	4,6 M €	-1.2%	4,6 M €	+0.8%	4,6 M €	+3.2%	4,5 M €	-6.4%	4,8 M €	+4.0%	4,6 M €	-4.3%	4,8 M €	+3.8%	4,6 M €	+7.9%	4,3 M €	+12.5%	3,8 M €	+5.7%	3,6 M €	+6.2%	3,4 M €	+9.2%	3,1 M €	+1.6%	3,1 M €	+11.6%	2,7 M €	+4.5%	2,6 M €	-2.5%	2,7 M €	+22.9%	2,2 M €
Total assets	8,3 M €	+9.5%	7,6 M €	+8.2%	7 M €	-11.1%	7,9 M €	-0.3%	7,9 M €	+16.0%	6,8 M €	-8.2%	7,4 M €	-4.0%	7,7 M €	-9.0%	8,5 M €	-2.6%	8,7 M €	-6.2%	9,3 M €	+4.2%	8,9 M €	+11.7%	8 M €	-1.1%	8,1 M €	+15.5%	7 M €	-11.1%	7,9 M €	+26.7%	6,2 M €	-6.9%	6,7 M €	-12.6%	7,6 M €	+34.6%	5,7 M €
Cash	425,8 k €	-16.2%	507,8 k €	-7.4%	548,5 k €	+15.4%	475,2 k €	+26.7%	375,1 k €	-29.0%	528,2 k €	+12.7%	468,5 k €	-14.3%	546,8 k €	-41.0%	927 k €	+4.3%	888,4 k €	+14.3%	777,5 k €	-26.6%	1,1 M €	+36.2%	778,2 k €	+3.2%	753,9 k €	+28.8%	585,2 k €	+1.0%	579,2 k €	+34.3%	431,2 k €	+2.2%	421,8 k €	-33.7%	635,9 k €	-9.6%	703,7 k €
Debts	3,6 M €	+23.6%	2,9 M €	+21.8%	2,4 M €	-26.4%	3,2 M €	-1.8%	3,3 M €	+40.6%	2,3 M €	-12.3%	2,7 M €	-15.6%	3,1 M €	-15.0%	3,7 M €	-9.6%	4,1 M €	-18.3%	5 M €	-1.7%	5,1 M €	+16.2%	4,4 M €	-6.3%	4,7 M €	+20.4%	3,9 M €	-19.1%	4,8 M €	+38.7%	3,5 M €	-14.2%	4 M €	-18.0%	4,9 M €	+42.7%	3,5 M €
Other
Workforce	30,2 ETP	+14.4%	26,4 ETP	0.0%	26,4 ETP	-5.7%	28,0 ETP	-6.7%	30,0 ETP	+1.4%	29,6 ETP	+3.5%	28,6 ETP	-4.7%	30,0 ETP	-1.0%	30,3 ETP	+1.0%	30,0 ETP	-0.7%	30,2 ETP	-4.4%	31,6 ETP	+6.0%	29,8 ETP	+0.3%	29,7 ETP	-2.9%	30,6 ETP	-1.9%	31,2 ETP	+1.3%	30,8 ETP	-2.2%	31,5 ETP	+7.1%	29,4 ETP	+1.4%	29,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

Gregory DE MUNSTER

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Mathieu DE MUNSTER

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Ann DE GRYSE

Director · since 06 juin 2020 · until 25 juin 2026

Active

MGI

Managing director · since 06 juin 2020 · until 25 juin 2026 · 0563.451.125

Represented by Jo DE MUNSTER

Active

Ended mandates

Gregory DE MUNSTER

Director · since 01 janvier 2022

Ended

Mathieu DE MUNSTER

Director · since 01 janvier 2022

Ended

Ann DE GRYSE

Director · since 06 juin 2020 · until 05 juin 2026

Ended

Ann DE GRYSE

Director · since 06 juin 2020 · until 06 juin 2026

Ended

At this address

Other companies at this address

Company	CBE no.
DE MUNSTER - DE GRYSE● Active	0827.558.765
GOLDLUX● Active	0422.774.993
INFINICO● Active	0406.814.832
KLUIZEBOS INVEST● Active	0890.983.206
MGI● Active	0563.451.125

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	09/07/2026	25/06/2025	24/06/2024	15/06/2023	27/06/2022	28/06/2021
General meeting	25/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	07/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	01/06/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	04/06/2022	27/06/2022	Dutch	PDF
Full model	31/12/2020	05/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	06/06/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	01/06/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	02/06/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	03/06/2017	07/06/2017	Dutch	PDF
Full model	31/12/2015	04/06/2016	23/06/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	15/06/2015	Dutch	PDF
Full model	31/12/2013	07/06/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	01/06/2013	14/06/2013	Dutch	PDF
Full model	31/12/2011	02/06/2012	28/06/2012	Dutch	PDF
Full model	31/12/2010	04/06/2011	23/06/2011	Dutch	PDF
Full model	31/12/2009	05/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	06/06/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	07/06/2008	12/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	30/06/2007	10/09/2007	Dutch	PDF
Full model	31/12/2006	30/06/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 26 ended

Active mandates

Gregory DE MUNSTER

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Mathieu DE MUNSTER

Director · since 01 janvier 2022 · until 01 janvier 2028

Active

Ann DE GRYSE

Director · since 06 juin 2020 · until 25 juin 2026

Active

MGI

Managing director · since 06 juin 2020 · until 25 juin 2026 · 0563.451.125

Represented by Jo DE MUNSTER

Active

Ended mandates

Gregory DE MUNSTER

Director · since 01 janvier 2022

Ended

Mathieu DE MUNSTER

Director · since 01 janvier 2022

Ended

Ann DE GRYSE

Director · since 06 juin 2020 · until 05 juin 2026

Ended

Ann DE GRYSE

Director · since 06 juin 2020 · until 06 juin 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other25/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/07/2015
ONTSLAGEN - BENOEMINGEN
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 202540,5 k €↓
2024
Annual accounts 2024109,3 k €↑
2023
Annual accounts 2023-57,1 k €↓
2022
Annual accounts 2022234,6 k €↓
2021
Annual accounts 2021792 k €↑
2020
Annual accounts 202043,2 k €↓
2019
Annual accounts 2019182,7 k €↑
2018
Annual accounts 201896,3 k €↓
2017
Annual accounts 2017177,3 k €↓
2016
Annual accounts 2016457,2 k €↓
2015
Annual accounts 2015655,1 k €↑
2014
Annual accounts 2014385,2 k €↑
2013
Annual accounts 2013348,3 k €↓
2012
Annual accounts 2012423,7 k €↑
2011
Annual accounts 201167,6 k €↓
2010
Annual accounts 2010387,2 k €↑
2009
Annual accounts 2009137,5 k €↑
2008
Annual accounts 2008-67,3 k €↓
2007
Annual accounts 2007500,8 k €↓
2006
Annual accounts 2006670,1 k €
20/12/1976
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

MUVANTEX

Overview

What does MUVANTEX do?

Trend over 20 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