MBM Groupe

What MBM Groupe does

MBM Groupe is a Belgian fiduciary firm providing accounting, tax, fiscal optimization, financial evaluation, and transaction-advisory services specialized for pharmacies and medical professionals. Founded around 1994–1996 (sources vary), it operates three sub-brands — MBM PHARMA (pharmacy fiduciary), MBM MEDICAL (medical-practice fiduciary), and MBM COGEVAL (generalist fiduciary with management-control and business valuation) — under a unified group structure led by managing partners Christophe Dereume and Thierry Graulich. The firm employs 24 people (5 with university degrees) across two Belgian offices in Auderghem (Brussels) and Jambes (Namur, opened October 2021), serving clients in Brussels, Wallonia, and Flanders. Reported offerings include statutory compliance (VAT, corporate and personal income tax), recurring management dashboards and benchmarking, tax optimization, retirement and estate planning, pharmacy financial evaluations (15+ per year for >20 years), and end-to-end brokerage on pharmacy acquisitions and sales.

The group's technology platform is anchored by MBM Clearfacts, a cloud-based accounting and document-management solution that integrates with Winbooks Connect (mobile document scanning), Codabox (automated bank-statement retrieval under POA), and the PEPPOL network via the KYTE electronic-invoicing module (EUR 5.00/month ex-VAT) and the VOILA PEPPOL-registration service. Domain-specific tools include a pharmacy management dashboard (margins, stock, supplier and client discount analysis) and an annual statistical study of pharmacy key figures derived from the firm's own client portfolio. Education and thought-leadership channels include an in-person/livestream annual conference ("Les chiffres clés"), a media library of articles, a monthly newsletter, and LinkedIn/Facebook pages (MBM-Pharma).

Revenue is generated through a sales-led, subscription/recurring fiduciary-services model with quote-based pricing on advisory mandates (financial evaluations, pharmacy brokerage, tax optimization). Ancillary recurring revenue comes from the KYTE module subscription. The go-to-market approach combines vertical-specialization credibility, professional referral networks within the Belgian healthcare community, content marketing, and direct engagement through the two offices, with no channel-partner or marketplace distribution layer disclosed.

Name

MBM Groupe

Legal name

MBM Groupe

Website

https://mbm-groupe.be

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

MBM Groupe is a Belgian fiduciary providing accounting, tax, and financial advisory for Belgian pharmacies and medical professionals. With nearly 30 years of healthcare expertise, it runs MBM PHARMA and MBM MEDICAL sub-brands backed by its MBM Clearfacts digital accounting platform.

Ownership category

akta.pro rank

Product category

Accounting & Fiduciary Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Services-Management Services (8741)

akta.pro primary industry

Management Buyouts (MBO/MBI) & Sponsor-Led Transactions Advisory (FSAEAGAI)

Keywords

• Pharmacy accounting services
• Medical practice tax advisory
• Fiduciary services
• Pharmacy financial valuation
• Healthcare sector accounting

Headquarters

HQ city

Auderghem (Brussels)

HQ country

Belgium

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fiduciary / Accounting Services: Core fiduciary services including bookkeeping, VAT declarations, tax returns, and legal compliance for pharmacies and medical professionals. Revenue is generated through recurring service fees for ongoing accounting and tax management.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

MBM Groupe is a Belgian centre of excellence delivering specialized accounting, tax, and commercial/financial management services to pharmacies and medical professions. The firm operates through three sub-brands (MBM PHARMA, MBM MEDICAL, MBM COGEVAL) and supports clients across the full business lifecycle including bookkeeping, VAT and income tax declarations, fiscal optimization, management dashboards, statistical benchmarking, pharmacy buy/sell brokerage, and financial evaluation. Service delivery is supported by the proprietary MBM Clearfacts cloud accounting platform with PEPPOL electronic invoicing.

Product overview

MBM Groupe is a Belgian center of excellence providing specialized accounting, tax, and management services primarily for pharmacies and medical practices. Its service portfolio spans three main sub-brands: MBM PHARMA (accounting, tax, financial reporting, and digitalization for pharmacies), MBM MEDICAL (accounting and tax services for medical professionals), and MBM COGEVAL (generalist fiduciary with business valuation and management control services). The group's technology offering is anchored by MBM Clearfacts, a cloud-based accounting platform that integrates with Winbooks Connect for document scanning, Codabox for automated bank statement retrieval, and the PEPPOL network for mandatory Belgian B2B electronic invoicing. MBM Clearfacts includes the KYTE billing module (5.00 EUR/month) for electronic invoice creation and transmission, and the VOILA service for automatic PEPPOL registration and invoice reception. The group also provides specialized dashboards, financial evaluation, pharmacy transaction advisory, and training services. MBM employs 24 people across three departments with approximately 5 holding university degrees.

Differentiator

Problem solved

Functional benefit

Brands

• MBM PHARMA: Fiduciary specialized in fiscal and accounting services for pharmacies.
• MBM MEDICAL
• MBM COGEVAL

Products and services

• MBM PHARMA Specialized fiduciary service line dedicated to Belgian pharmacies (officines), covering accounting, fiscal management, financial reporting dashboards, digitalization, pharmacy statistical benchmarking, tax optimization, financial evaluation, and transaction advisory for pharmacy acquisition/sale. Targets independent and chain-affiliated pharmacy owners across Belgium.
• MBM MEDICAL

Quantifiable outcome

• More than 15 financial evaluation missions per year for over 20 years
• +1 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core, supporting and minor.

• CodaboxcoreTechnology or IntegrationMBM uses Codabox to automatically retrieve client bank statements for clients who have granted POA, enabling seamless integration with MBM Clearfacts accounting platform.
• SecurexsupportingStrategic or Co-development PartnerMBM partners with Securex (social secretariat) to produce joint articles and white papers on pharmacy HR topics including absenteeism, staff turnover, and personnel cost benchmarking in Belgian pharmacies.
• Be My CareminorStrategic or Co-development PartnerBe My Care is a multidisciplinary care centre located opposite MBM's Auderghem offices. The proximity facilitates cross-referrals and collaboration between the two organizations.
• Sylvie De Bruyn - Be My CoachminorStrategic or Co-development PartnerMBM co-organizes coaching training sessions with Sylvie De Bruyn (Be My Coach) to help pharmacy clients with staff management and motivation challenges.
• Coficre (Coficre SRL)supportingStrategic or Co-development PartnerCoficre is an insurance brokerage firm partnered with MBM to provide specialized insurance and pension products for pharmacists, including the PLCDS (Pension Libre Complémentaire pour Dispensateurs de Soins Salariés).
• Leleux Associated Brokers / Verset Investment & ConsultingminorGTM or Marketing PartnerMBM publishes guest articles from Verset Investment & Consulting (agent of Leleux Associated Brokers) on financial investment topics relevant to pharmacist clients, including bond investing and portfolio management in a high interest rate environment.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• KPMG Belgium: KPMG Belgium is a Big 4 advisory firm with significant healthcare and SME practices. Comparable because it provides accounting, tax, and M&A advisory services to Belgian healthcare operators, often competing with MBM for larger mandates.
• Deloitte Belgium: Deloitte Belgium is a Big 4 firm with dedicated healthcare and private-sector advisory practices. Comparable as an incumbent that competes with MBM on Belgian pharmacy and medical practice advisory, valuation, and transaction mandates.
• Grant Thornton Belgium: Grant Thornton Belgium is a mid-tier international advisory firm with full accounting, tax, and transaction advisory capabilities. Comparable as an incumbent that competes with MBM on Belgian healthcare accounting and on pharmacy acquisition/sale mandates.
• BDO Belgium: BDO Belgium is a top-tier Belgian audit, tax, and advisory firm serving SMEs and healthcare clients. Comparable because it offers accounting and tax services to Belgian pharmacies and medical practices at greater scale, competing with MBM on enterprise clients.
• Moore Belgium: Moore Belgium is part of the Moore Global network and one of the larger mid-market accountancy/advisory firms in Belgium. Comparable as a broad incumbent offering the same accounting, tax, and advisory services MBM provides, but with sector-agnostic positioning rather than MBM's pharmacy/medical focus.
• Baker Tilly Belgium: Baker Tilly Belgium is a mid-tier advisory firm providing audit, tax, and consulting services to Belgian SMEs. Comparable as a broad incumbent offering the same fiduciary/accounting services MBM provides, particularly to professional service firms and healthcare operators.

Regional players

• Fiducial: Fiducial is a France-headquartered accounting and fiduciary group with Belgian operations targeting SMEs and small professional practices. Comparable as an adjacent fiduciary model serving similar SMB and small-professional clients, though anchored in the French market rather than the Belgian healthcare vertical.

Direct peers

• SBB Accountants & Adviseurs: SBB is a Belgian-Dutch accountancy and advisory network serving SMEs and the healthcare/medical sector. Comparable because it competes directly with MBM for Belgian pharmacy and medical professional accounting mandates.
• Vandelanotte: Vandelanotte is a sizeable Belgian accountancy and tax advisory firm with multi-office coverage and dedicated sector practices. Comparable because it targets Belgian SMEs and professionals with accounting, tax, and advisory services similar to MBM's core fiduciary offering.
• BOFIDI: BOFIDI is a Belgian fiduciary and accountancy firm that also specializes in serving healthcare professionals and SMEs. Comparable because it competes for the same Belgian pharmacy and medical practice accounting/tax clients with a similar vertical-specialist model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MBM-Pharma-520061548044789
• LinkedInlinkedin.com/company/mbm-groupe

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MBM Groupe