ACTIVE

MAVAN

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Financial year 2025 · closed on 31/12/2025

Net result

230,2 k €

+69.5% YoY

Gross margin

-2,8 k €

+71.9% YoY

Equity

6,5 M €

+2.9% YoY

Workforce

0,0 ETP

What does MAVAN do?

MAVAN is a Public limited company incorporated in 1968. Its main activity is: Buying and selling of own real estate. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.298.761

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Deken Degryselaan(Kor) 23
8500 Kortrijk · FlandreSee on map

Contributed capital

1 037 974,54 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-2,8 k €	+71.9%	-9,8 k €	-216%	8,5 k €	-39.2%	14 k €	+139%	-36,2 k €	-187%	41,7 k €	+57.2%	26,5 k €	+19.3%	22,2 k €	+250%	-14,8 k €	-13.0%	-13,1 k €	-242%	9,2 k €	+101%	-805,3 k €	-1951%	43,5 k €	-27.3%	59,8 k €
EBITDA	-13,4 k €	+35.7%	-20,8 k €	-1022%	-1,9 k €	-142%	4,4 k €	+109%	-48,8 k €	-251%	32,4 k €	+139%	13,5 k €	-5.0%	14,3 k €	+152%	-27,3 k €	-37.1%	-19,9 k €	-2431%	855,1 €	-71.7%	3 k €	+120%	-14,9 k €	-152%	28,7 k €
Operating result	-47,8 k €	-396%	16,1 k €	+146%	-34,8 k €	-21.8%	-28,6 k €	+65.0%	-81,8 k €	-2432%	-3,2 k €	+91.7%	-39 k €	-37.9%	-28,3 k €	+60.4%	-71,6 k €	-42.7%	-50,2 k €	-11.1%	-45,2 k €	-5.0%	-43 k €	+29.9%	-61,3 k €	-222%	-19,1 k €
Net result	230,2 k €	+69.5%	135,8 k €	+147%	54,9 k €	-77.3%	242 k €	-45.0%	440,3 k €	+842%	46,7 k €	-66.0%	137,5 k €	+884%	-17,5 k €	+54.6%	-38,6 k €	-133%	115,7 k €	+1512%	7,2 k €	-99.2%	915 k €	+3044%	29,1 k €	+3110%	-966,8 €
Balance sheet
Equity	6,5 M €	+2.9%	6,3 M €	+2.2%	6,1 M €	+0.9%	6,1 M €	+4.1%	5,8 M €	+62.0%	3,6 M €	+14.2%	3,2 M €	-26.6%	4,3 M €	-0.4%	4,3 M €	-0.9%	4,4 M €	+2.7%	4,2 M €	+0.2%	4,2 M €	+27.5%	3,3 M €	+0.9%	3,3 M €
Total assets	6,6 M €	+3.9%	6,3 M €	+2.4%	6,2 M €	+0.7%	6,1 M €	-0.7%	6,2 M €	+68.6%	3,7 M €	-3.8%	3,8 M €	-35.1%	5,9 M €	+5.6%	5,6 M €	-22.5%	7,2 M €	+66.3%	4,3 M €	-0.1%	4,3 M €	-21.9%	5,5 M €	+4.3%	5,3 M €
Cash	72,9 k €	+89.7%	38,4 k €	+211%	12,4 k €	-96.2%	323,7 k €	+1511%	20,1 k €	-51.7%	41,6 k €	-14.7%	48,8 k €	+35.9%	35,9 k €	-68.1%	112,7 k €	+14681%	762,4 €	-99.4%	120,3 k €	+119%	55 k €	-41.4%	93,9 k €	+81363%	115,3 €
Debts	93,8 k €	+232%	28,3 k €	+112%	13,3 k €	-33.5%	20 k €	-93.4%	303,7 k €	+1491%	19,1 k €	-96.8%	598,2 k €	-60.4%	1,5 M €	+28.7%	1,2 M €	-57.3%	2,7 M €		–		8,1 k €	-99.4%	1,3 M €	+15.4%	1,1 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

CAVAHOLD

Managing director · since 28 avril 2023 · until 20 mai 2028 · 0886.325.622

Represented by Vanbiervliet Caroline

Active

Thomas Goethals

Managing director · since 28 avril 2023 · until 20 mai 2028

Active

Ended mandates

CAVAHOLD

Managing director · since 28 avril 2023 · until 20 mai 2028 · 0886.325.622

Represented by Vanbiervliet CAROLINE

Ended

CAVAHOLD

Managing director · since 27 juin 2017 · until 26 juin 2023 · 0886.325.622

Represented by Vanbiervliet Caroline

Ended

CAVAHOLD

Managing director · since 27 juin 2017 · until 26 juin 2023 · 0886.325.622

Represented by Caroline Vanbiervliet

Ended

Thomas Goethals

Managing director · since 27 juin 2017 · until 26 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
BIVERMA● Active	0427.643.504
Burgelijke Maatschap ALANAR● Active	0726.445.272
CAVAHOLD● Active	0886.325.622
CAVAHOLD GROEP● Active	0723.868.141
FABRICE INTERNATIONAL● Active	0448.185.134
Gifar● Active	0401.595.044
MARMAD● Active	0449.916.187
ORION - MARKE● Active	0456.829.913
THOMAS GOETHALS, ADVOCAAT● Active	0836.394.574

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	31/08/2026	26/06/2025	18/07/2024	16/06/2023	31/08/2022	31/08/2021
General meeting	26/08/2026	07/06/2025	14/06/2024	28/04/2023	15/07/2022	17/08/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	28/04/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	15/07/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	17/08/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	03/07/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	24/08/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	29/08/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/09/2016	24/11/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	25/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	27/05/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	27/05/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	06/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

CAVAHOLD

Managing director · since 28 avril 2023 · until 20 mai 2028 · 0886.325.622

Represented by Vanbiervliet Caroline

Active

Thomas Goethals

Managing director · since 28 avril 2023 · until 20 mai 2028

Active

Ended mandates

CAVAHOLD

Managing director · since 28 avril 2023 · until 20 mai 2028 · 0886.325.622

Represented by Vanbiervliet CAROLINE

Ended

CAVAHOLD

Managing director · since 27 juin 2017 · until 26 juin 2023 · 0886.325.622

Represented by Vanbiervliet Caroline

Ended

CAVAHOLD

Managing director · since 27 juin 2017 · until 26 juin 2023 · 0886.325.622

Represented by Caroline Vanbiervliet

Ended

Thomas Goethals

Managing director · since 27 juin 2017 · until 26 juin 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other29/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates18/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/11/2017
KAPITAAL - AANDELEN
PDF
Mandates28/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/02/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/05/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2008
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 2025230,2 k €↑
2024
Annual accounts 2024135,8 k €↑
2023
Annual accounts 202354,9 k €↓
2022
Annual accounts 2022242 k €↓
2021
Annual accounts 2021440,3 k €↑
2018
Annual accounts 201846,7 k €↓
2014
Annual accounts 2014137,5 k €↑
2012
Annual accounts 2012-17,5 k €↑
2011
Annual accounts 2011-38,6 k €↓
2010
Annual accounts 2010115,7 k €↑
2009
Annual accounts 20097,2 k €↓
2008
Annual accounts 2008915 k €↑
2007
Annual accounts 200729,1 k €↑
2006
Annual accounts 2006-966,8 €
01/01/1968
IncorporationPublic 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

MAVAN

Overview

What does MAVAN do?

Trend over 14 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