ACTIVE

MCBwater

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Financial year 2025 · closed on 31/12/2025
Net result
172,6 k €
-5.3% YoY
Gross margin
764,5 k €
+16.4% YoY
Equity
265,7 k €
+2.9% YoY
Workforce
9,8 ETP
+21.0% YoY

What does MCBwater do?

MCBwater is a Private limited company incorporated in 2006. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Hasselt. It employs on average 9,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0879.533.444
Incorporation
22/02/2006
Legal form
Private limited company
Registered office
Villersstraat 4
3500 Hasselt · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
9,8 ETP
Activities (NACE)
43221Plumbing, heat and air-conditioning installation· main43221Plumbing, heat and air-conditioning installation45332Sale of motor vehicle parts and accessories47527Retail sale of hardware, paints and glass in specialised stores47527Retail sale of hardware, paints and glass in specialised stores47789Other retail sale of new goods in specialised stores+3
Joint committees (2)
  • 14904
  • 201
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin764,5 k €656,6 k €549,6 k €314,7 k €429,2 k €370,8 k €341,9 k €257 k €266,3 k €185,2 k €237 k €148,6 k €134,4 k €143 k €
EBITDA268,2 k €239,8 k €147,4 k €-20,1 k €90,4 k €127,5 k €102,2 k €70,5 k €108,4 k €67,6 k €147,3 k €71,9 k €56,8 k €57 k €
Operating result190,2 k €196,8 k €115,4 k €-54,9 k €60,5 k €102,8 k €76,5 k €48,1 k €67,7 k €26,2 k €98 k €37,4 k €23,9 k €16,3 k €
Net result172,6 k €182,3 k €89,9 k €-56,5 k €34,1 k €85,7 k €38,6 k €36 k €56,4 k €16,7 k €60,2 k €20,3 k €653,3 €26,2 k €
Balance sheet
Equity265,7 k €258,2 k €245,9 k €156 k €212,4 k €208,3 k €172,7 k €134 k €133 k €131,5 k €163,9 k €103,7 k €83,4 k €82,7 k €
Total assets902,7 k €816,6 k €566,6 k €551,1 k €617,5 k €584,5 k €464,8 k €436,1 k €426,3 k €398,3 k €439,2 k €357,8 k €358,4 k €303,2 k €
Cash311,6 k €311,8 k €140,1 k €110,3 k €129,9 k €164,5 k €51,4 k €93,1 k €72,5 k €42,6 k €75,3 k €32,3 k €24,6 k €15,2 k €
Debts635,8 k €556,8 k €319,5 k €388,3 k €401,4 k €373,9 k €290,5 k €299,7 k €291,6 k €266,8 k €272,3 k €254,1 k €272,9 k €217,3 k €
Other
Workforce9,8 ETP8,1 ETP8,8 ETP7,8 ETP8,1 ETP6,4 ETP6,0 ETP5,4 ETP4,2 ETP3,0 ETP2,4 ETP2,0 ETP2,0 ETP2,9 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 · 2 active · 11 ended

Active mandates

BELJOR

Director · 0645.761.662

Represented by Christophe Beliën

Active
MarMiDo

Director · 0645.929.631

Represented by Marnix Carmans

Active

Ended mandates

MarMiDo

Director · since 08 janvier 2016 · 0645.929.631

Represented by Marnix Carmans

Ended
MarMiDo

Manager · since 08 janvier 2016 · 0645.929.631

Represented by Marnix Carmans

Ended
BELJOR

Director · since 01 janvier 2016 · 0645.761.662

Represented by Christophe Beliën

Ended
BELJOR

Manager · 0645.761.662

Represented by Christophe Beliën

Ended
At this address

Other companies at this address

CompanyCBE no.
BELJOR● Active
0645.761.662
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202618/07/202518/07/202425/07/202327/07/202223/07/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202614/07/2026DutchPDF
Abridged model31/12/202420/06/202518/07/2025DutchPDF
Abridged model31/12/202321/06/202418/07/2024DutchPDF
Abridged model31/12/202216/06/202325/07/2023DutchPDF
Abridged model31/12/202117/06/202227/07/2022DutchPDF
Abridged model31/12/202018/06/202123/07/2021DutchPDF
Abridged model31/12/201919/06/202029/07/2020DutchPDF
Abridged model31/12/201821/06/201923/07/2019DutchPDF
Abridged model31/12/201715/06/201820/06/2018DutchPDF
Abridged model31/12/201616/06/201723/06/2017DutchPDF
Abridged model31/12/201517/06/201629/06/2016DutchPDF
Abridged model31/12/201419/06/201520/07/2015DutchPDF
Abridged model31/12/201320/06/201426/06/2014DutchPDF
Abridged model31/12/201221/06/201317/07/2013DutchPDF
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 · 2 active · 11 ended

Active mandates

BELJOR

Director · 0645.761.662

Represented by Christophe Beliën

Active
MarMiDo

Director · 0645.929.631

Represented by Marnix Carmans

Active

Ended mandates

MarMiDo

Director · since 08 janvier 2016 · 0645.929.631

Represented by Marnix Carmans

Ended
MarMiDo

Manager · since 08 janvier 2016 · 0645.929.631

Represented by Marnix Carmans

Ended
BELJOR

Director · since 01 janvier 2016 · 0645.761.662

Represented by Christophe Beliën

Ended
BELJOR

Manager · 0645.761.662

Represented by Christophe Beliën

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates06/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/04/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/04/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office16/06/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates25/04/2006
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other06/03/2006
    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

Timeline

  1. 2025
    Annual accounts 2025172,6 k €↓
  2. 2024
    Annual accounts 2024182,3 k €↑
  3. 2023
    Annual accounts 202389,9 k €↑
  4. 2022
    Annual accounts 2022-56,5 k €↓
  5. 2021
    Annual accounts 202134,1 k €↓
  6. 2021
    Name changeMCB WATER
  7. 2020
    Annual accounts 202085,7 k €↑
  8. 2019
    Annual accounts 201938,6 k €↑
  9. 2018
    Annual accounts 201836 k €↓
  10. 2017
    Annual accounts 201756,4 k €↑
  11. 2016
    Annual accounts 201616,7 k €↓
  12. 2015
    Annual accounts 201560,2 k €↑
  13. 2014
    Annual accounts 201420,3 k €↑
  14. 2013
    Annual accounts 2013653,3 €↓
  15. 2012
    Annual accounts 201226,2 k €
  16. 2012
    Name changeMCBwater
  17. 22/02/2006
    IncorporationPrivate limited company