ACTIVE

MB NANDRIN

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Financial year 2025 · closed on 31/12/2025

Net result

164,3 k €

-25.0% YoY

Gross margin

701 k €

-7.0% YoY

Equity

1,3 M €

+0.3% YoY

Workforce

9,0 ETP

-2.2% YoY

What does MB NANDRIN do?

MB NANDRIN is a Public limited company incorporated in 2001. Its main activity is: Wholesale of other household goods. Its registered office is in Nandrin. It employs on average 9,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.477.667

Incorporation

14/08/2001

Legal form

Public limited company

Registered office

Route du Condroz 318/A
4550 Nandrin · WallonieSee on map

Contributed capital

600 000,00 €

Latest accounts

31/12/2025

Average workforce

9,0 ETP

Activities (NACE)

46494Wholesale of other household goods· main 46494Wholesale of other household goods 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 55301Camping grounds, recreational vehicle parks and trailer parks 46412Wholesale of textiles+12

Joint committees (2)

201
20100

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	701 k €	-7.0%	753,7 k €	-3.9%	784,3 k €	+18.8%	660,3 k €	-18.0%	805 k €	+94.9%	413 k €	+130%	179,9 k €	+9649%	-1,9 k €	-34.0%	-1,4 k €	-16.3%	-1,2 k €	+93.5%	-18,6 k €	-3150%	-573 €	+39.2%	-942 €	+42.2%	-1,6 k €	-32.6%	-1,2 k €	-33.2%	-923 €	+86.1%	-6,6 k €	-107%	99 k €
EBITDA	287,2 k €	-17.8%	349,3 k €	-20.5%	439,6 k €	+18.4%	371,2 k €	-28.2%	516,7 k €	+197%	174 k €	+89.4%	91,8 k €	+4045%	-2,3 k €	-14.7%	-2 k €	+1.6%	-2,1 k €	+89.1%	-19 k €	-1960%	-921 €	+28.7%	-1,3 k €	+34.7%	-2 k €	+59.2%	-4,8 k €	-281%	-1,3 k €	+82.2%	-7,1 k €	-111%	63,2 k €
Operating result	194,7 k €	-24.6%	258,3 k €	-26.5%	351,7 k €	+35.7%	259,1 k €	-32.1%	381,4 k €	+748%	45 k €	+57.3%	28,6 k €	+1328%	-2,3 k €	-14.7%	-2 k €	+1.6%	-2,1 k €	+97.2%	-74 k €	-7932%	-921 €	+28.7%	-1,3 k €	+34.7%	-2 k €	+59.2%	-4,8 k €	-281%	-1,3 k €	+82.2%	-7,1 k €	-111%	63,2 k €
Net result	164,3 k €	-25.0%	219,1 k €	-20.5%	275,5 k €	+27.0%	217 k €	-29.7%	308,6 k €	+1886%	15,5 k €	+23.2%	12,6 k €	+639%	-2,3 k €	-15.4%	-2 k €	+2.1%	-2,1 k €	+97.2%	-74 k €	-7821%	-934 €	+28.5%	-1,3 k €	+47.1%	-2,5 k €	+56.2%	-5,6 k €	-83.2%	-3,1 k €	+70.8%	-10,5 k €	-118%	58,4 k €
Balance sheet
Equity	1,3 M €	+0.3%	1,3 M €	+1.5%	1,3 M €	+10.7%	1,2 M €	+11.1%	1,1 M €	+384%	218,7 k €	+7.6%	203,2 k €	+44.5%	140,6 k €	+261%	-87,1 k €	-2.4%	-85,1 k €	-2.5%	-83 k €	-822%	-9 k €	-11.6%	-8,1 k €	-19.3%	-6,8 k €	-57.7%	-4,3 k €	-416%	1,4 k €	-69.4%	4,4 k €	-70.4%	15 k €
Total assets	2,5 M €	-5.6%	2,7 M €	-1.9%	2,7 M €	-4.5%	2,8 M €	+3.0%	2,7 M €	-7.3%	3 M €	-6.2%	3,2 M €	+173%	1,2 M €	+121%	523,6 k €	-0.4%	525,6 k €	-0.5%	528,1 k €	+852%	55,5 k €	-0.8%	55,9 k €	+0.5%	55,7 k €	-0.1%	55,7 k €	-2.4%	57,1 k €	-44.5%	102,8 k €	-14.5%	120,3 k €
Cash	116,8 k €	+24.5%	93,8 k €	+70.8%	54,9 k €	-71.4%	192,1 k €	+92.9%	99,6 k €	+8.3%	92 k €	+157%	35,8 k €	-87.0%	276,4 k €	+48479%	569 €	-78.1%	2,6 k €	-48.6%	5,1 k €	+1008%	456 €	+16.9%	390 €	+205%	128 €	-22.9%	166 €	-89.1%	1,5 k €	-91.3%	17,5 k €	-21.2%	22,1 k €
Debts	1,2 M €	-11.4%	1,3 M €	-5.1%	1,4 M €	-15.2%	1,7 M €	-2.0%	1,7 M €	-38.5%	2,7 M €	-7.1%	3 M €	+191%	1 M €	+66.2%	610,7 k €	+0.0%	610,7 k €	-0.1%	611,1 k €	+848%	64,5 k €	+0.7%	64 k €	+2.5%	62,4 k €	+4.1%	60 k €	+7.7%	55,7 k €	-43.4%	98,4 k €	-6.0%	104,6 k €
Other
Workforce	9,0 ETP	-2.2%	9,2 ETP	+17.9%	7,8 ETP	+23.8%	6,3 ETP	-13.7%	7,3 ETP	+5.8%	6,9 ETP	+30.2%	5,3 ETP		–		–		–		–		–		–		–		–		–		–		0,9 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 · 7 ended

Active mandates

GIKINVEST

Director · 0632.803.848

Represented by Gilles Delvaux

Active

Ended mandates

GIKINVEST

Director · since 22 décembre 2020 · 0632.803.848

Represented by Gilles Delvaux

Ended

GIKINVEST

Manager · since 22 décembre 2016 · 0632.803.848

Represented by Gilles DELVAUX

Ended

GIKINVEST

Director · since 22 décembre 2016 · 0632.803.848

Represented by Gilles Delvaux

Ended

André DELVAUX

Manager · since 21 juin 2006

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	13/07/2026	17/07/2025	03/07/2024	19/06/2023	27/06/2022	23/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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
Abridged model	31/12/2025	19/06/2026	13/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	19/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	23/06/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	21/06/2018	22/06/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	14/07/2017	French	PDF
Abridged model	31/12/2015	16/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	18/06/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	10/09/2014	French	PDF
Abridged model	31/12/2012	20/06/2013	25/06/2013	French	PDF
Abridged model	31/12/2011	21/06/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	16/06/2011	01/08/2011	French	PDF
Abridged model	31/12/2009	17/06/2010	10/08/2010	French	PDF
Abridged model	31/12/2008	18/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	19/06/2008	29/09/2008	French	PDF
Abridged model	31/12/2006	21/06/2007	31/10/2007	French	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 · 7 ended

Active mandates

GIKINVEST

Director · 0632.803.848

Represented by Gilles Delvaux

Active

Ended mandates

GIKINVEST

Director · since 22 décembre 2020 · 0632.803.848

Represented by Gilles Delvaux

Ended

GIKINVEST

Manager · since 22 décembre 2016 · 0632.803.848

Represented by Gilles DELVAUX

Ended

GIKINVEST

Director · since 22 décembre 2016 · 0632.803.848

Represented by Gilles Delvaux

Ended

André DELVAUX

Manager · since 21 juin 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office30/03/2018
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates25/01/2017
DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Registered office06/07/2010
SIEGE SOCIAL
PDF
Mandates04/07/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates13/09/2005
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 2025164,3 k €↓
2024
Annual accounts 2024219,1 k €↓
2023
Annual accounts 2023275,5 k €↑
2022
Annual accounts 2022217 k €↓
2021
Annual accounts 2021308,6 k €↑
2018
Annual accounts 201815,5 k €↑
2017
Annual accounts 201712,6 k €↑
2016
Annual accounts 2016-2,3 k €↓
2016
Name changeMB NANDRIN
2015
Annual accounts 2015-2 k €↑
2014
Annual accounts 2014-2,1 k €↑
2013
Annual accounts 2013-74 k €↓
2012
Annual accounts 2012-934 €↑
2011
Annual accounts 2011-1,3 k €↑
2010
Annual accounts 2010-2,5 k €↑
2009
Annual accounts 2009-5,6 k €↓
2008
Annual accounts 2008-3,1 k €↑
2007
Annual accounts 2007-10,5 k €↓
2006
Annual accounts 200658,4 k €
2006
Name changeCAJE
14/08/2001
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 NANDRIN

Overview

What does MB NANDRIN do?

Trend over 18 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