ACTIVE

MUBA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

17,2 k €

-68.5% YoY

Gross margin

3,8 k €

-72.2% YoY

Equity

2,4 M €

+0.7% YoY

What does MUBA do?

MUBA is a Public limited company incorporated in 1994. Its registered office is in Lummen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.093.919

Incorporation

09/12/1994

Legal form

Public limited company

Registered office

Geneikenstraat 56
3560 Lummen · FlandreSee on map

Contributed capital

86 762,73 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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 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
Gross margin	3,8 k €	-72.2%	13,6 k €	+215%	4,3 k €	-82.4%	24,6 k €	-43.1%	43,2 k €	-66.3%	128,5 k €	+307%	31,6 k €	-20.3%	39,6 k €	-45.2%	72,2 k €	+1073%	6,2 k €	-89.9%	61,1 k €	-71.3%	213,0 k €	+120%	96,8 k €	-45.6%	178,0 k €	-13.3%	205,3 k €	-20.4%	257,9 k €	-11.7%	292,0 k €	+107%	141,2 k €	-32.3%	208,5 k €	+20.8%	172,6 k €
EBITDA	183,1 €	-98.2%	10,2 k €	+135%	-29,4 k €	-359%	11,4 k €	-73.0%	42,1 k €	-66.6%	125,8 k €	+403%	25,0 k €	-11.1%	28,1 k €	-59.9%	70,1 k €	+2337%	2,9 k €	-95.1%	58,5 k €	-72.1%	209,6 k €	+153%	82,9 k €	-50.3%	166,7 k €	-14.5%	195,0 k €	-18.6%	239,6 k €	-15.3%	283,0 k €	+117%	130,6 k €	-34.0%	197,7 k €	+23.3%	160,4 k €
Operating result	-19,5 k €	-108%	-9,4 k €	+77.9%	-42,4 k €	-618%	8,2 k €	-79.8%	40,6 k €	-67.4%	124,3 k €	+429%	23,5 k €	-11.8%	26,6 k €	-46.1%	49,3 k €	+875%	-6,4 k €	-126%	24,6 k €	-88.0%	205,6 k €	+165%	77,7 k €	-4.8%	81,7 k €	-38.0%	131,8 k €	+8.0%	122,0 k €	-43.1%	214,3 k €	+82.8%	117,2 k €	-34.5%	179,0 k €	+28.3%	139,6 k €
Net result	17,2 k €	-68.5%	54,8 k €	+215%	-47,4 k €	-679%	8,2 k €	-57.1%	19,1 k €	+5071%	369,5 €	-96.4%	10,2 k €	-77.2%	44,5 k €	-7.6%	48,2 k €	+548%	-10,8 k €	-128%	38,2 k €	-75.8%	157,8 k €	+167%	59,1 k €	-19.2%	73,1 k €	-33.4%	109,9 k €	-3.3%	113,6 k €	-33.7%	171,2 k €	+12.1%	152,6 k €	+3.7%	147,2 k €	+13.0%	130,3 k €
Balance sheet
Equity	2,4 M €	+0.7%	2,3 M €	+2.4%	2,3 M €	-2.0%	2,3 M €	+0.4%	2,3 M €	+0.8%	2,3 M €	+0.0%	2,3 M €	+0.4%	2,3 M €	+2.0%	2,3 M €	+2.2%	2,2 M €	-0.5%	2,2 M €	+1.8%	2,2 M €	+7.8%	2,0 M €	+3.0%	2,0 M €	+3.9%	1,9 M €	+6.2%	1,8 M €	+6.8%	1,7 M €	+14.6%	1,5 M €	+11.7%	1,3 M €	+12.8%	1,2 M €
Total assets	3,0 M €	-3.3%	3,1 M €	+6.1%	2,9 M €	+16.8%	2,5 M €	+2.4%	2,4 M €	-1.0%	2,4 M €	+0.7%	2,4 M €	+0.3%	2,4 M €	+2.8%	2,3 M €	-9.1%	2,6 M €	+2.9%	2,5 M €	+12.3%	2,2 M €	+6.3%	2,1 M €	-1.3%	2,1 M €	+1.9%	2,1 M €	+2.0%	2,1 M €	-0.7%	2,1 M €	+14.8%	1,8 M €	+1.0%	1,8 M €	+0.8%	1,8 M €
Cash	1,0 M €	+90.8%	525,4 k €	+43.2%	367,0 k €	-45.0%	666,9 k €	+37.6%	484,8 k €	-29.9%	691,8 k €	+68.2%	411,3 k €	+11.4%	369,2 k €	+5.3%	350,7 k €	-14.4%	409,5 k €	+3.7%	394,9 k €	-45.8%	728,5 k €	+30.6%	557,7 k €	+45.2%	384,1 k €	+75.6%	218,8 k €	-11.1%	246,2 k €	+66.7%	147,6 k €	+226%	45,3 k €	-75.2%	182,9 k €	-35.4%	283,1 k €
Debts	600,9 k €	-16.8%	722,3 k €	+21.2%	596,0 k €	+349%	132,8 k €	+53.3%	86,6 k €	-31.8%	126,9 k €	+14.2%	111,1 k €	-2.4%	113,9 k €	+21.6%	93,6 k €	-75.1%	376,3 k €	+30.2%	289,0 k €	+402%	57,5 k €	-14.0%	66,9 k €	-60.6%	170,0 k €	-16.6%	203,8 k €	-25.4%	273,3 k €	-29.4%	387,0 k €	+27.1%	304,5 k €	-30.7%	439,4 k €	-23.3%	573,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	+150%	0,4 ETP	0.0%	0,4 ETP	0.0%	0,4 ETP	-50.0%	0,8 ETP	+100%	0,4 ETP	-42.9%	0,7 ETP	-12.5%	0,8 ETP	0.0%	0,8 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 · 1 active · 14 ended

Active mandates

Marc Mussen

Director · since 07 novembre 2023

Active

Ended mandates

Marleen Mussen

Director · since 05 avril 2022

Ended

Jules Mussen

Chairman of the board of directors

Ended

Jules Mussen

Director

Ended

Jules Mussen

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
Familie Mussen● Active	0732.993.267
IMMOJAVA● Active	0862.472.134
MUBA IMMO● Active	0479.795.157

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	14/08/2026	27/08/2025	25/08/2024	29/08/2023	29/08/2022	11/08/2021
General meeting	08/05/2026	09/05/2025	13/05/2024	13/05/2023	13/05/2022	14/05/2021
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 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/05/2026	14/08/2026	Dutch	PDF
Micro model	31/12/2024	09/05/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	13/05/2024	25/08/2024	Dutch	PDF
Micro model	31/12/2022	13/05/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	13/05/2022	29/08/2022	Dutch	PDF
Micro model	31/12/2020	14/05/2021	11/08/2021	Dutch	PDF
Micro model	31/12/2019	08/05/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	10/05/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	11/05/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	12/05/2017	06/09/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	27/08/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	30/08/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	10/08/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	30/08/2007	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 · 1 active · 14 ended

Active mandates

Marc Mussen

Director · since 07 novembre 2023

Active

Ended mandates

Marleen Mussen

Director · since 05 avril 2022

Ended

Jules Mussen

Chairman of the board of directors

Ended

Jules Mussen

Director

Ended

Jules Mussen

Managing director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/06/2003
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/06/2003
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 202517,2 k €↓
2024
Annual accounts 202454,8 k €↑
2023
Annual accounts 2023-47,4 k €↓
2022
Annual accounts 20228,2 k €↓
2021
Annual accounts 202119,1 k €↑
2020
Annual accounts 2020369,5 €↓
2019
Annual accounts 201910,2 k €↓
2018
Annual accounts 201844,5 k €↓
2017
Annual accounts 201748,2 k €↑
2016
Annual accounts 2016-10,8 k €↓
2015
Annual accounts 201538,2 k €↓
2014
Annual accounts 2014157,8 k €↑
2013
Annual accounts 201359,1 k €↓
2012
Annual accounts 201273,1 k €↓
2011
Annual accounts 2011109,9 k €↓
2010
Annual accounts 2010113,6 k €↓
2009
Annual accounts 2009171,2 k €↑
2008
Annual accounts 2008152,6 k €↑
2007
Annual accounts 2007147,2 k €↑
2006
Annual accounts 2006130,3 k €
09/12/1994
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

MUBA

Overview

What does MUBA 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