ACTIVE

MFC Combo

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Financial year 2025 · closed on 31/12/2025

Net result

37,8 k €

-75.3% YoY

Gross margin

4,5 M €

+1.2% YoY

Equity

2,6 M €

-0.1% YoY

Workforce

54,4 ETP

-0.4% YoY

What does MFC Combo do?

MFC Combo is a Non-profit organization incorporated in 2011. Its main activity is: Other residential care activities. Its registered office is in Leuven. It employs on average 54,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.782.745

Incorporation

26/09/2011

Legal form

Non-profit organization

Registered office

Parkstraat 185
3000 Leuven · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

54,4 ETP

Activities (NACE)

87901Other residential care activities· main 87991Other residential care activities

Joint committees (1)

31901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	4,5 M €	+1.2%	4,4 M €	+4.5%	4,2 M €	+4.0%	4,1 M €	+10.0%	3,7 M €	+8.1%	3,4 M €	-0.3%	3,4 M €	+7.4%	3,2 M €	+1.9%	3,1 M €	+7.5%	2,9 M €	+2.9%	2,8 M €	+0.9%	2,8 M €	+1.4%	2,8 M €
EBITDA	181,2 k €	-31.5%	264,4 k €	+36.7%	193,4 k €	-44.8%	350,3 k €	+39.8%	250,6 k €	+617%	34,9 k €	-86.0%	250,3 k €	+18.9%	210,5 k €	-2.2%	215,4 k €	+16.5%	184,8 k €	+525%	-43,5 k €	-122%	193,8 k €	+45.1%	133,6 k €
Operating result	28,1 k €	-80.3%	142,7 k €	+84.0%	77,6 k €	-71.2%	269,4 k €	+73.4%	155,4 k €	+355%	-61 k €	-132%	190,6 k €	+4.6%	182,2 k €	+0.2%	181,8 k €	+16.6%	155,9 k €	+320%	-70,7 k €	-141%	172,3 k €	+42.6%	120,8 k €
Net result	37,8 k €	-75.3%	153,5 k €	+96.1%	78,3 k €	-69.5%	256,6 k €	+69.5%	151,4 k €	+339%	-63,4 k €	-140%	160 k €	-10.8%	179,4 k €	+0.5%	178,6 k €	+16.4%	153,4 k €	+314%	-71,8 k €	-141%	176,6 k €	+56.5%	112,8 k €
Balance sheet
Equity	2,6 M €	-0.1%	2,6 M €	+7.2%	2,4 M €	+1.3%	2,4 M €	+10.1%	2,2 M €	+5.0%	2,1 M €	-5.1%	2,2 M €	+157%	849,2 k €	+26.4%	671,6 k €	+35.7%	494,8 k €	+44.2%	343,2 k €	-17.7%	416,8 k €	+264%	114,4 k €
Total assets	3,7 M €	+10.9%	3,3 M €	+3.1%	3,2 M €	+2.8%	3,1 M €	+10.6%	2,8 M €	+4.6%	2,7 M €	-5.6%	2,9 M €	+88.0%	1,5 M €	+10.0%	1,4 M €	+42.4%	968,3 k €	+42.3%	680,6 k €	-20.2%	853,1 k €	+11.8%	763,1 k €
Cash	1,9 M €	-4.7%	2 M €	+6.9%	1,8 M €	-4.8%	1,9 M €	+19.3%	1,6 M €	+11.6%	1,4 M €	-7.8%	1,6 M €	+59.0%	981,9 k €	+0.6%	975,9 k €	+69.8%	574,6 k €	+96.2%	292,9 k €	-36.3%	460,1 k €	+68.6%	272,8 k €
Debts	1 M €	+64.4%	628,3 k €	-18.2%	767,9 k €	+10.9%	692,5 k €	+13.5%	610 k €	+6.2%	574,5 k €	+5.8%	542,9 k €	-14.9%	638,1 k €	-2.6%	655,2 k €	+38.4%	473,5 k €	+40.3%	337,4 k €	-22.7%	436,3 k €	-32.8%	648,8 k €
Other
Workforce	54,4 ETP	-0.4%	54,6 ETP	-0.7%	55,0 ETP	-1.6%	55,9 ETP	-0.9%	56,4 ETP	+2.5%	55,0 ETP	-3.0%	56,7 ETP	+9.0%	52,0 ETP	+3.0%	50,5 ETP	-5.1%	53,2 ETP	-0.6%	53,5 ETP	+4.3%	51,3 ETP	-0.6%	51,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 10 ended

Active mandates

Karel Van Eeckhout

Chairman of the board of directors

Active

Marjan Rom

Director

Active

Pascale Vanstappen

Director

Active

Sofie Troonbeeckx

Director

Active

Ended mandates

Bieke Vander Cruys

Director

Ended

Frans Spinnewijn

Director

Ended

Kristiaan Denys

Director

Ended

Marie Franssens

Director

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	10/06/2026	08/07/2025	11/06/2024	03/07/2023	22/08/2022	25/06/2021
General meeting	02/06/2026	03/06/2025	28/05/2024	14/06/2023	16/06/2022	14/06/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/05/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	11/06/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	10/10/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	27/06/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 10 ended

Active mandates

Karel Van Eeckhout

Chairman of the board of directors

Active

Marjan Rom

Director

Active

Pascale Vanstappen

Director

Active

Sofie Troonbeeckx

Director

Active

Ended mandates

Bieke Vander Cruys

Director

Ended

Frans Spinnewijn

Director

Ended

Kristiaan Denys

Director

Ended

Marie Franssens

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other29/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other21/11/2019
DIVERSEN
PDF
Capital / shares08/08/2019
KAPITAAL - AANDELEN
PDF
Mandates04/07/2017
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 202537,8 k €↓
2024
Annual accounts 2024153,5 k €↑
2023
Annual accounts 202378,3 k €↓
2022
Annual accounts 2022256,6 k €↑
2021
Annual accounts 2021151,4 k €↑
2020
Annual accounts 2020-63,4 k €↓
2019
Annual accounts 2019160 k €↓
2018
Annual accounts 2018179,4 k €↑
2017
Annual accounts 2017178,6 k €↑
2016
Annual accounts 2016153,4 k €↑
2015
Annual accounts 2015-71,8 k €↓
2014
Annual accounts 2014176,6 k €↑
2013
Annual accounts 2013112,8 k €
26/09/2011
IncorporationNon-profit organization

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

MFC Combo

Overview

What does MFC Combo do?

Trend over 13 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