ACTIVE

M.P.L.

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Financial year 2025 · closed on 31/12/2025

Net result

700,2 k €

+2.2% YoY

Gross margin

1,8 M €

-0.2% YoY

Equity

4 M €

+21.0% YoY

Workforce

11,2 ETP

+0.9% YoY

What does M.P.L. do?

M.P.L. is a Private limited company incorporated in 2002. Its main activity is: Wholesale of beverages. Its registered office is in Ciney. It employs on average 11,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.899.402

Incorporation

03/07/2002

Legal form

Private limited company

Registered office

Avenue Schlogel 84
5590 Ciney · WallonieSee on map

Contributed capital

30 460,00 €

Latest accounts

31/12/2025

Average workforce

11,2 ETP

Activities (NACE)

46349Wholesale of beverages· main 46349Wholesale of beverages 51340Air transport 46370Wholesale of coffee, tea, cocoa and spices 46370Wholesale of coffee, tea, cocoa and spices 47252Retail sale of beverages in specialised stores+6

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	1,8 M €	-0.2%	1,8 M €	+1.4%	1,7 M €	+47.2%	1,2 M €	+31.5%	900,6 k €	+74.5%	516 k €	-35.2%	796,6 k €	+17.8%	676,3 k €	+12.2%	602,8 k €	+10.6%	545 k €	-8.4%	595,2 k €	+32.6%	448,8 k €	+8.9%	412,3 k €	-27.7%	570 k €	+26.2%	451,8 k €	+45.0%	311,7 k €	+35.8%	229,4 k €	+24.1%	184,8 k €	+14.6%	161,3 k €	+35.5%	119 k €
EBITDA	1 M €	-3.1%	1,1 M €	+5.0%	1 M €	+72.0%	592,9 k €	+29.6%	457,6 k €	+409%	89,9 k €	-75.3%	363,9 k €	+10.8%	328,4 k €	-1.0%	331,7 k €	+10.6%	299,8 k €	-17.7%	364,3 k €	+38.9%	262,3 k €	+16.6%	224,9 k €	-39.2%	369,7 k €	+23.9%	298,5 k €	+28.2%	232,7 k €	+48.0%	157,3 k €	+10.8%	141,9 k €	+33.0%	106,7 k €	+10.3%	96,7 k €
Operating result	942,6 k €	+0.6%	936,9 k €	+5.1%	891,6 k €	+81.6%	490,9 k €	+21.3%	404,8 k €	+1525%	24,9 k €	-89.6%	239,9 k €	+9.8%	218,5 k €	+1.9%	214,5 k €	+14.3%	187,7 k €	-25.9%	253,2 k €	+36.0%	186,1 k €	-7.4%	200,9 k €	-37.2%	320,1 k €	+35.5%	236,2 k €	+21.1%	195,1 k €	+64.9%	118,3 k €	+9.1%	108,5 k €	+29.0%	84,1 k €	+12.7%	74,6 k €
Net result	700,2 k €	+2.2%	685,5 k €	+7.8%	635,6 k €	+80.9%	351,4 k €	+23.2%	285,1 k €	+2842%	9,7 k €	-94.1%	165,4 k €	+8.0%	153,1 k €	+12.4%	136,3 k €	+10.5%	123,3 k €	-23.5%	161,1 k €	+17.3%	137,4 k €	+16.4%	118 k €	-44.7%	213,5 k €	+38.7%	153,9 k €	+23.0%	125,1 k €	+67.1%	74,9 k €	+11.5%	67,2 k €	+29.9%	51,7 k €	+6.1%	48,8 k €
Balance sheet
Equity	4 M €	+21.0%	3,3 M €	+25.9%	2,6 M €	+31.6%	2 M €	+21.2%	1,7 M €	+20.8%	1,4 M €	+0.7%	1,4 M €	+13.8%	1,2 M €	+3.3%	1,2 M €	+11.7%	1 M €	+11.7%	929,8 k €	+18.6%	783,7 k €	+21.3%	646,3 k €	+9.1%	592,3 k €	+24.7%	474,9 k €	+28.7%	369 k €	+26.4%	291,9 k €	+10.5%	264 k €	+12.2%	235,3 k €	+28.2%	183,5 k €
Total assets	6,6 M €	+1.4%	6,6 M €	+10.0%	6 M €	+11.4%	5,3 M €	+25.7%	4,3 M €	+31.3%	3,2 M €	-27.9%	4,5 M €	+23.3%	3,6 M €	+26.1%	2,9 M €	+13.5%	2,5 M €	-0.8%	2,6 M €	+19.7%	2,1 M €	+32.8%	1,6 M €	+11.6%	1,4 M €	+28.9%	1,1 M €	+26.8%	884,9 k €	+18.0%	749,9 k €	+17.4%	638,7 k €	+4.1%	613,8 k €	+37.2%	447,2 k €
Cash	1,3 M €	-6.2%	1,4 M €	+25.1%	1,1 M €	+8.3%	1 M €	+75.4%	595 k €	+147%	241,1 k €	-27.2%	331,2 k €	+15.8%	286 k €	-29.6%	406,4 k €	+107%	196,1 k €	-20.6%	247 k €	+76.0%	140,4 k €	-30.5%	202,1 k €	+40.4%	144 k €	+22.1%	117,9 k €	+73.0%	68,2 k €	+11.9%	60,9 k €	+53.7%	39,6 k €	-5.2%	41,8 k €	+185%	14,7 k €
Debts	2,6 M €	-19.0%	3,2 M €	-2.6%	3,3 M €	-0.6%	3,3 M €	+28.4%	2,6 M €	+39.1%	1,9 M €	-40.4%	3,1 M €	+27.9%	2,4 M €	+41.4%	1,7 M €	+14.7%	1,5 M €	-7.9%	1,6 M €	+20.3%	1,4 M €	+40.6%	966,8 k €	+13.7%	850,5 k €	+32.0%	644,6 k €	+25.0%	515,5 k €	+12.6%	457,6 k €	+22.3%	374,2 k €	-0.8%	377,4 k €	+43.3%	263,4 k €
Other
Workforce	11,2 ETP	+0.9%	11,1 ETP	-11.9%	12,6 ETP	+5.9%	11,9 ETP	+3.5%	11,5 ETP	+0.9%	11,4 ETP	+14.0%	10,0 ETP	+14.9%	8,7 ETP	+16.0%	7,5 ETP	+13.6%	6,6 ETP	-1.5%	6,7 ETP	+21.8%	5,5 ETP	-5.2%	5,8 ETP	+1.8%	5,7 ETP	+35.7%	4,2 ETP	+110%	2,0 ETP	+5.3%	1,9 ETP	+111%	0,9 ETP	-10.0%	1,0 ETP	+100%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 5 ended

Active mandates

Isabelle Bacq

Director · since 19 décembre 2025

Active

MAPOLE

Director · since 19 décembre 2025

Represented by Raphael Ledecq

Active

Maurice Poncelet

Manager · since 13 novembre 2023 · until 19 décembre 2025

Active

Ended mandates

Maurice Poncelet

Manager · since 13 novembre 2023

Ended

Maurice Poncelet

Manager · since 01 juin 2002

Ended

Philippe Mathieu

Manager · since 01 juin 2002 · until 13 novembre 2023

Ended

Philippe MATHIEU

Manager · since 01 juin 2002

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	02/06/2026	22/07/2025	18/07/2024	04/08/2023	25/07/2022	26/07/2021
General meeting	26/05/2026	25/06/2025	27/06/2024	10/05/2023	10/05/2022	17/06/2021
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	26/05/2026	02/06/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	22/07/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	18/07/2024	French	PDF
Abridged model	31/12/2022	10/05/2023	04/08/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	25/07/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	26/07/2021	French	PDF
Abridged model	31/12/2019	17/06/2020	17/08/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	21/06/2019	French	PDF
Abridged model	31/12/2017	09/06/2018	10/07/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	10/06/2015	19/06/2015	French	PDF
Abridged model	31/12/2013	04/06/2014	30/06/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	16/06/2011	French	PDF
Abridged model	31/12/2009	06/07/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	07/07/2009	15/07/2009	French	PDF
Abridged model	31/12/2007	20/04/2008	27/08/2008	French	PDF
Abridged model	31/12/2006	27/04/2007	16/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 5 ended

Active mandates

Isabelle Bacq

Director · since 19 décembre 2025

Active

MAPOLE

Director · since 19 décembre 2025

Represented by Raphael Ledecq

Active

Maurice Poncelet

Manager · since 13 novembre 2023 · until 19 décembre 2025

Active

Ended mandates

Maurice Poncelet

Manager · since 13 novembre 2023

Ended

Maurice Poncelet

Manager · since 01 juin 2002

Ended

Philippe Mathieu

Manager · since 01 juin 2002 · until 13 novembre 2023

Ended

Philippe MATHIEU

Manager · since 01 juin 2002

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS - SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Capital / shares23/01/2019
CAPITAL, ACTIONS
PDF
Capital / shares27/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/08/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2012
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 2025700,2 k €↑
2024
Annual accounts 2024685,5 k €↑
2023
Annual accounts 2023635,6 k €↑
2023
Name changeMPL
2022
Annual accounts 2022351,4 k €↑
2022
Name changeMPL LA CAVE A GRAINS
2021
Annual accounts 2021285,1 k €↑
2021
Name changeM.P.L.
2020
Annual accounts 20209,7 k €↓
2019
Annual accounts 2019165,4 k €↑
2018
Annual accounts 2018153,1 k €↑
2017
Annual accounts 2017136,3 k €↑
2016
Annual accounts 2016123,3 k €↓
2015
Annual accounts 2015161,1 k €↑
2014
Annual accounts 2014137,4 k €↑
2013
Annual accounts 2013118 k €↓
2012
Annual accounts 2012213,5 k €↑
2011
Annual accounts 2011153,9 k €↑
2010
Annual accounts 2010125,1 k €↑
2009
Annual accounts 200974,9 k €↑
2008
Annual accounts 200867,2 k €↑
2007
Annual accounts 200751,7 k €↑
2006
Annual accounts 200648,8 k €
03/07/2002
IncorporationPrivate 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

M.P.L.

Overview

What does M.P.L. do?

Trend over 20 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