ACTIVE

MD & B

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Financial year 2025 · Closed on 31/12/2025

Net result843,6 k €+51,4 %over 1 year

Gross margin2,9 M €+22,7 %over 1 year

Equity4,6 M €+9,7 %over 1 year

Workforce26,1 ETP-1,9 %over 1 year

Identity

Source · BCE/KBO

MD & B is a Private limited company incorporated in 2005. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Zemst. It employs on average 26,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0875.277.025
Incorporation: 27/07/2005
Legal form: Private limited company
Registered office: Rubenslaan 1
1982 Zemst · FlandreSee on map
Contributed capital: 67 867,00 €
Latest accounts: 31/12/2025
Average workforce: 26,1 ETP

Activities (NACE)

47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main 47114Retail sale in non-specialised stores with food, beverages or tobacco predominating 52114Warehousing and storage

Joint committees (4)

1190
201
202
20201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,9 M €	+22.7%	2,3 M €	-5.6%	2,5 M €	+2.4%	2,4 M €	-1.9%	2,5 M €
EBITDA	1,7 M €	+44.3%	1,2 M €	-13.6%	1,4 M €	+6.3%	1,3 M €	-12.8%	1,5 M €
Operating result	1,2 M €	+61.3%	765,6 k €	-27.4%	1,1 M €	+10.0%	959,6 k €	-18.1%	1,2 M €
Net result	843,6 k €	+51.4%	557,2 k €	-27.4%	767,4 k €	+12.3%	683,4 k €	-13.1%	786,3 k €
Balance sheet
Equity	4,6 M €	+9.7%	4,2 M €	-5.6%	4,4 M €	+21.0%	3,6 M €	+23.0%	3 M €
Total assets	7,7 M €	-5.9%	8,2 M €	+36.1%	6 M €	+9.4%	5,5 M €	+1.7%	5,4 M €
Cash	1,9 M €	+124%	847,8 k €	+20.8%	702 k €	-49.2%	1,4 M €	-20.6%	1,7 M €
Debts	3,1 M €	-22.3%	4 M €	+153%	1,6 M €	-13.9%	1,8 M €	-24.5%	2,4 M €
Other
Workforce	26,1 ETP	-1.9%	26,6 ETP	-5.7%	28,2 ETP	-1.7%	28,7 ETP	+6.3%	27,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Stouten	Directorsince 31/03/2026
Tim Anthonis	Wettelijke vertegenwoordigersince 31/03/2026
ZIBO0472.126.219Represented by Tim Anthonis	Directorsince 31/03/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daisy Alleman	Managerlisted until the 2009 accounts
Barthold Moriau	Manager25/07/2005 → 2006 accounts
Diederik Moriau	Manager25/07/2005 → 2006 accounts

Full financial information

Source · NBB

	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	28/08/2026	28/08/2025	27/09/2024	28/09/2023	31/08/2022	31/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	28/09/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	25/09/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	08/10/2019	Dutch	PDF
Abridged modelCorrection	31/12/2017	19/06/2018	26/09/2018	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	27/09/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	31/07/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	18/06/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	16/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	27/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Steven Stouten	Directorsince 31/03/2026
Tim Anthonis	Wettelijke vertegenwoordigersince 31/03/2026
ZIBO0472.126.219Represented by Tim Anthonis	Directorsince 31/03/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daisy Alleman	Managerlisted until the 2009 accounts
Barthold Moriau	Manager25/07/2005 → 2006 accounts
Diederik Moriau	Manager25/07/2005 → 2006 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/07/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring06/01/2011
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates28/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other04/08/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

ZIBO

Tim Anthonis

Steven Stouten

Daisy Alleman

Diederik Moriau

Barthold Moriau

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MD & B

Rubenslaan 1, 1982 Weerde

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rubenslaan 1, 1982 WeerdeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00439525

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MD & BCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00439525

Events

2025
Annual accounts 2025843,6 k €↑
2024
Annual accounts 2024557,2 k €↓
2023
Annual accounts 2023767,4 k €↑
2022
Annual accounts 2022683,4 k €↓
2021
Annual accounts 2021786,3 k €↓
2020
Annual accounts 2020861,5 k €↑
2019
Annual accounts 2019438,4 k €↓
2018
Annual accounts 2018450 k €↑
2017
Annual accounts 2017297,1 k €↑
2016
Annual accounts 20165,5 k €↓
2015
Annual accounts 201550 k €↓
2014
Annual accounts 2014109 k €↑
2013
Annual accounts 2013106,3 k €↓
2012
Annual accounts 2012135,2 k €↓
2011
Annual accounts 2011145,1 k €↓
2010
Annual accounts 2010239,5 k €↑
2009
Annual accounts 2009175,5 k €↑
2008
Annual accounts 200896,9 k €↑
2007
Annual accounts 200771,5 k €↑
2006
Annual accounts 200668,3 k €
27/07/2005
IncorporationPrivate limited company

MD & B

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events