ACTIVE

M BOUCHE

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Financial year 2025 · closed on 30/06/2025

Net result

285,5 k €

+11.1% YoY

Gross margin

238,7 k €

-13.7% YoY

Equity

1,2 M €

+31.8% YoY

What does M BOUCHE do?

M BOUCHE is a Private limited company incorporated in 2003. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Blankenberge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.732.171

Incorporation

26/09/2003

Legal form

Private limited company

Registered office

Kerkstraat 448
8370 Blankenberge · FlandreSee on map

Contributed capital

43 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	238,7 k €	-13.7%	276,6 k €	+79.4%	154,2 k €	-55.6%	347,3 k €	+208%	112,8 k €	+24.2%	90,8 k €	+18.1%	76,9 k €	-14.3%	89,7 k €	-77.9%	406,1 k €	+11.1%	365,7 k €	+3.1%	354,8 k €	-6.2%	378,3 k €	+7.1%	353,1 k €	-3.2%	365 k €	+58.5%	230,3 k €	+0.1%	230,1 k €	+38.5%	166,1 k €	-3.0%	171,3 k €	+32.8%	128,9 k €
EBITDA	236 k €	-13.9%	274,1 k €	+79.4%	152,8 k €	-48.4%	296,3 k €	+532%	46,9 k €	-48.3%	90,6 k €	+18.2%	76,7 k €	-14.3%	89,4 k €	-9.6%	98,9 k €	-30.0%	141,4 k €	+22.8%	115,1 k €	-33.1%	172,2 k €	-8.4%	187,9 k €	-10.2%	209,3 k €	+95.9%	106,8 k €	-15.6%	126,6 k €	+88.2%	67,3 k €	-4.0%	70,1 k €	+50.5%	46,6 k €
Operating result	215,1 k €	-16.1%	256,5 k €	+119%	117,2 k €	-48.2%	226,4 k €	+789%	-32,8 k €	-233%	24,7 k €	+454%	4,5 k €	-51.3%	9,2 k €	-70.0%	30,5 k €	-47.6%	58,2 k €	+190%	20,1 k €	-74.0%	77,4 k €	-24.0%	101,8 k €	+36.1%	74,8 k €	+20483%	-367 €	-102%	14,8 k €	+120%	-74,3 k €	-20087%	-368 €	-110%	3,7 k €
Net result	285,5 k €	+11.1%	257 k €	+125%	114,3 k €	-31.3%	166,5 k €	+563%	-36 k €	-2695%	-1,3 k €	-102%	66,7 k €	+1249%	-5,8 k €	-102%	240,5 k €	+937%	23,2 k €	+663%	-4,1 k €	-130%	13,9 k €	-80.8%	72,6 k €	+16.4%	62,4 k €	+615%	-12,1 k €	-2840%	442 €	+100%	-91,6 k €	-147%	-37 k €	-526%	8,7 k €
Balance sheet
Equity	1,2 M €	+31.8%	897,3 k €	+40.1%	640,3 k €	+21.7%	526 k €	+46.3%	359,4 k €	-9.1%	395,4 k €	-0.3%	396,7 k €	+20.2%	329,9 k €	+8.8%	303,3 k €	+383%	62,8 k €	+58.7%	39,6 k €	-9.4%	43,7 k €	+46.8%	29,8 k €	+169%	-42,9 k €	+59.3%	-105,3 k €	-13.0%	-93,2 k €	+28.9%	-131 k €	-232%	-39,5 k €	-1527%	-2,4 k €
Total assets	1,3 M €	+17.6%	1,1 M €	+24.2%	905,4 k €	-32.1%	1,3 M €	+25.6%	1,1 M €	+13.1%	938,6 k €	+2.1%	918,9 k €	-1.3%	930,7 k €	+9.8%	847,9 k €	+51.7%	558,9 k €	-8.1%	607,9 k €	+25.9%	482,7 k €	+37.3%	351,5 k €	-6.8%	377,1 k €	-6.1%	401,7 k €	-17.6%	487,3 k €	-9.0%	535,8 k €	+69.2%	316,6 k €	+92.8%	164,2 k €
Cash	20,6 k €	-60.7%	52,3 k €	+950%	5 k €	-96.6%	145,6 k €	-42.9%	254,9 k €	+73.9%	146,6 k €	-51.0%	298,9 k €	+681%	38,3 k €	+14.5%	33,4 k €	+39.1%	24 k €	-59.0%	58,6 k €	+1320%	4,1 k €	-83.3%	24,7 k €	+162%	9,4 k €	+57.4%	6 k €	-39.9%	10 k €	-27.9%	13,8 k €	+34.2%	10,3 k €	-38.1%	16,7 k €
Debts	64,5 k €	-37.1%	102,7 k €	-26.8%	140,2 k €	-77.2%	615 k €	+20.7%	509,5 k €	+45.5%	350,3 k €	+6.4%	329,3 k €	-19.3%	407,9 k €	+17.4%	347,3 k €	-6.3%	370,8 k €	-34.8%	568,3 k €	+29.4%	439,1 k €	+49.8%	293,2 k €	-29.4%	415,1 k €	-17.5%	503 k €	-13.3%	580,5 k €	-12.0%	659,9 k €	+97.8%	333,7 k €	+105%	162,5 k €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		5,8 ETP	-1.7%	5,9 ETP	-7.8%	6,4 ETP	+10.3%	5,8 ETP	+31.8%	4,4 ETP	+4.8%	4,2 ETP	+20.0%	3,5 ETP	+16.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 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 30/06/2025 · 1 active · 12 ended

Active mandates

MANUEL BOUCHE

Director

Active

Ended mandates

MANUEL BOUCHE

Director · since 19 octobre 2017

Ended

MANUEL BOUCHE

Manager · since 19 octobre 2017

Ended

MATS CUYLE

Managing director · since 19 septembre 2016

Ended

PHILIPPE TOLPE

Director · since 19 septembre 2016

Ended

At this address

Other companies at this address

Company	CBE no.
KANTOOR BOUCHE & PARTNERS● Active	0669.721.949
Kantoor Bouche & Partners Eenheid● Active	1007.243.446
MB VASTGOED● Active	0745.693.141

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/12/2025	03/02/2025	30/01/2024	31/01/2023	28/09/2022	01/02/2021
General meeting	16/12/2025	26/12/2024	28/12/2023	29/12/2022	30/12/2021	31/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	16/12/2025	16/12/2025	Dutch	PDF
Micro model	30/06/2024	26/12/2024	03/02/2025	Dutch	PDF
Abridged model	30/06/2023	28/12/2023	30/01/2024	Dutch	PDF
Abridged model	30/06/2022	29/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	30/12/2021	28/09/2022	Dutch	PDF
Abridged model	30/06/2020	31/12/2020	01/02/2021	Dutch	PDF
Abridged model	30/06/2019	26/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	27/12/2018	02/08/2019	Dutch	PDF
Abridged model	30/06/2017	16/12/2017	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	29/12/2016	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	31/01/2015	Dutch	PDF
Abridged model	30/06/2013	14/12/2013	18/12/2013	Dutch	PDF
Abridged model	30/06/2012	05/01/2013	09/01/2013	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	02/01/2011	27/01/2011	Dutch	PDF
Abridged model	30/06/2009	23/01/2010	28/01/2010	Dutch	PDF
Abridged model	30/06/2008	25/11/2008	19/12/2008	Dutch	PDF
Abridged model	30/06/2007	16/12/2007	20/12/2007	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 30/06/2025 · 1 active · 12 ended

Active mandates

MANUEL BOUCHE

Director

Active

Ended mandates

MANUEL BOUCHE

Director · since 19 octobre 2017

Ended

MANUEL BOUCHE

Manager · since 19 octobre 2017

Ended

MATS CUYLE

Managing director · since 19 septembre 2016

Ended

PHILIPPE TOLPE

Director · since 19 septembre 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other08/11/2017
Statutenwijziging - omzetting
PDF
Other04/10/2016
STATUTENWIJZIGING - OMZETTING
PDF
Mandates23/09/2016
Ontslag en aanstelling zaakvoerder
PDF
Other22/01/2009
BUITENGEWONE ALGEMENE VERGADERING - aanpassing van de statuten
PDF
Registered office31/03/2008
Verplaatsing maatschappelijke zetel
PDF
Other03/10/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025285,5 k €↑
2024
Annual accounts 2024257 k €↑
2023
Annual accounts 2023114,3 k €↓
2023
Name changeM Bouche
2022
Annual accounts 2022166,5 k €↑
2021
Annual accounts 2021-36 k €↓
2021
Name changeMBOUCHE
2020
Annual accounts 2020-1,3 k €↓
2019
Annual accounts 201966,7 k €↑
2018
Annual accounts 2018-5,8 k €↓
2017
Annual accounts 2017240,5 k €↑
2016
Annual accounts 201623,2 k €↑
2015
Annual accounts 2015-4,1 k €↓
2014
Annual accounts 201413,9 k €↓
2013
Annual accounts 201372,6 k €↑
2012
Annual accounts 201262,4 k €↑
2011
Annual accounts 2011-12,1 k €↓
2010
Annual accounts 2010442 €↑
2009
Annual accounts 2009-91,6 k €↓
2008
Annual accounts 2008-37 k €↓
2007
Annual accounts 20078,7 k €
26/09/2003
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 BOUCHE

Overview

What does M BOUCHE do?

Trend over 19 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