MakHzen
0431.761.054 · rovalta.com · 21/09/2026
ACTIVE
MakHzen
Financial year 2025 · closed on 31/12/2025
Net result
-484,3 k €
-1233.3% YoY
Gross margin
-515,8 k €
-1066.6% YoY
Equity
8,7 M €
-5.3% YoY
Overview
What does MakHzen do?
MakHzen is a Public limited company incorporated in 1987. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Aalst.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0431.761.054
Incorporation
19/08/1987
Legal form
Public limited company
Registered office
Korte Keppestraat 7 box 52
9320 Aalst · FlandreSee on map
9320 Aalst · FlandreSee on map
Contributed capital
2 344 137,83 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (3)
- 100
- 200
- 218
Signals
Solid equityLow riskGood liquidityHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -515,8 k € | -1067% | 53,4 k € | +164% | 20,2 k € | -88.5% | 175,5 k € | -78.0% | 799,6 k € | +329% | 186,5 k € | -83.2% | 1,1 M € | +9.1% | 1 M € | +403% | 202,4 k € | -43.4% | 357,6 k € | +129% | 155,9 k € | -64.9% | 444,4 k € | -22.3% | 572 k € | -11.4% | 645,3 k € | +32.9% | 485,4 k € | +234% | 145,2 k € | -33.5% | 218,3 k € | -41.4% | 372,5 k € | -16.6% | 446,7 k € |
| EBITDA | -526,6 k € | -2217% | 24,9 k € | +175% | -33 k € | -129% | 112,2 k € | -83.1% | 662,6 k € | +42.2% | 466,1 k € | -49.7% | 926,8 k € | +23.6% | 750 k € | +1747% | 40,6 k € | -82.1% | 226,5 k € | +2973% | -7,9 k € | -103% | 297,3 k € | -7.9% | 322,9 k € | +2160% | 14,3 k € | -93.5% | 219,4 k € | +523% | -51,9 k € | -830% | -5,6 k € | -109% | 62,4 k € | -58.7% | 150,9 k € |
| Operating result | -540,7 k € | -6005% | 9,2 k € | +117% | -53,2 k € | -161% | 87,5 k € | -86.3% | 637,9 k € | +48.2% | 430,3 k € | -52.2% | 900,6 k € | +24.7% | 722 k € | +465% | 127,8 k € | +58.9% | 80,5 k € | +404% | -26,5 k € | -115% | 182 k € | -38.7% | 297,1 k € | +969% | -34,2 k € | -114% | 239,6 k € | +387% | -83,4 k € | -10.5% | -75,5 k € | -976% | -7 k € | +62.1% | -18,5 k € |
| Net result | -484,3 k € | -1233% | 42,7 k € | +318% | -19,6 k € | -126% | 76,1 k € | -94.0% | 1,3 M € | +400% | 253,9 k € | -70.5% | 861,6 k € | -54.7% | 1,9 M € | +56450% | -3,4 k € | +94.3% | -58,8 k € | -384% | -12,2 k € | -108% | 151,2 k € | -78.4% | 698,4 k € | +609% | -137,2 k € | -170% | 195,5 k € | +242% | -137,4 k € | -160% | 227,9 k € | +1334% | -18,5 k € | -2.1% | -18,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 8,7 M € | -5.3% | 9,2 M € | +0.3% | 9,1 M € | -0.2% | 9,2 M € | +0.8% | 9,1 M € | +38.3% | 6,6 M € | +4.4% | 6,3 M € | +15.9% | 5,4 M € | -16.8% | 6,5 M € | -0.1% | 6,5 M € | -0.9% | 6,6 M € | -0.2% | 6,6 M € | +2.3% | 6,5 M € | +12.1% | 5,8 M € | +566% | 864,2 k € | +29.2% | 668,7 k € | -17.0% | 806,1 k € | +39.4% | 578,1 k € | -3.1% | 596,6 k € |
| Total assets | 10,5 M € | -0.1% | 10,5 M € | +7.1% | 9,8 M € | -1.5% | 9,9 M € | -0.7% | 10 M € | +19.3% | 8,4 M € | -6.9% | 9 M € | -29.1% | 12,7 M € | +30.8% | 9,7 M € | +7.1% | 9,1 M € | +6.2% | 8,5 M € | +4.1% | 8,2 M € | -0.2% | 8,2 M € | +4.6% | 7,9 M € | +218% | 2,5 M € | +48.8% | 1,7 M € | -6.4% | 1,8 M € | -6.0% | 1,9 M € | -2.2% | 1,9 M € |
| Cash | 12,1 k € | -81.9% | 66,6 k € | -80.3% | 338,7 k € | -33.1% | 506,1 k € | +9.2% | 463,3 k € | +111% | 219,3 k € | -52.1% | 458,1 k € | -90.5% | 4,8 M € | +3961% | 118,6 k € | -6.7% | 127,1 k € | +632% | 17,4 k € | +512% | 2,8 k € | -99.1% | 325,5 k € | +2434% | 12,8 k € | +2108% | 581,8 € | -84.4% | 3,7 k € | +200% | 1,2 k € | -68.3% | 3,9 k € | -94.2% | 67,4 k € |
| Debts | 1,7 M € | +40.4% | 1,2 M € | +128% | 524,1 k € | -20.0% | 655,2 k € | -17.4% | 793,1 k € | -50.3% | 1,6 M € | -23.1% | 2,1 M € | -68.7% | 6,6 M € | +151% | 2,6 M € | +32.7% | 2 M € | +47.3% | 1,4 M € | +34.5% | 1 M € | -14.5% | 1,2 M € | -31.7% | 1,7 M € | +10.2% | 1,6 M € | +62.1% | 964,4 k € | +4.9% | 919 k € | -27.0% | 1,3 M € | -2.0% | 1,3 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | – | 0,0 ETP | -100% | 0,6 ETP | -57.1% | 1,4 ETP | -54.8% | 3,1 ETP | -6.1% | 3,3 ETP | -23.3% | 4,3 ETP | 0.0% | 4,3 ETP | +19.4% | 3,6 ETP | +28.6% | 2,8 ETP | -20.0% | 3,5 ETP | +6.1% | 3,3 ETP | -35.3% | 5,1 ETP | -16.4% | 6,1 ETP | +32.6% | 4,6 ETP | +21.1% | 3,8 ETP | -28.3% | 5,3 ETP | -25.4% | 7,1 ETP | +20.3% | 5,9 ETP | |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 18 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Avian● Active | 0555.894.429 |
AVT EMEA● Active | 0892.195.211 |
Drop Office Building● Active | 0555.949.659 |
DYBO● Active | 0827.679.125 |
EEP HOLDING● Active | 0762.490.472 |
| 0898.190.207 | |
EVASION PROPERTY● Active | 0448.854.929 |
GEMOGA● Active | 0472.139.976 |
INNOPRO● Active | 0475.090.063 |
REDIMA● Active | 0440.614.481 |
StorMen● Active | 0663.610.058 |
SUNCREST● Active | 0441.913.786 |
Tricks for Bricks● Active | 0547.897.570 |
VOMEG● Active | 0406.587.475 |
Financials
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 | 28/07/2026 | 15/07/2025 | 15/07/2024 | 31/07/2023 | 07/07/2022 | 11/08/2021 |
| General meeting | 29/06/2026 | 19/06/2025 | 10/07/2024 | 15/05/2023 | 16/05/2022 | 17/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 29/06/2026 | 28/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 19/06/2025 | 15/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 10/07/2024 | 15/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 15/05/2023 | 31/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 16/05/2022 | 07/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 17/05/2021 | 11/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 08/09/2020 | 08/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 20/05/2019 | 11/09/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 31/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 28/09/2017 | 29/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/05/2016 | 31/10/2016 | Dutch | |
| Abridged model | 31/12/2014 | 18/05/2015 | 31/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 19/05/2014 | 23/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 21/05/2013 | 25/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 21/05/2012 | 20/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 16/05/2011 | 15/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 17/05/2010 | 16/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 08/06/2009 | 07/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 19/05/2008 | 18/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 22/06/2007 | 17/07/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 18 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates20/08/2025ONTSLAGEN - BENOEMINGEN
- Registered office07/05/2024MAATSCHAPPELIJKE ZETEL
- Mandates11/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
- Mandates29/07/2022ONTSLAGEN - BENOEMINGEN
- Mandates03/01/2022ONTSLAGEN - BENOEMINGEN
- Mandates05/03/2021ONTSLAGEN - BENOEMINGEN
- Mandates24/09/2019ONTSLAGEN - BENOEMINGEN
- Mandates22/10/2018ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-484,3 k €↓
- 2024Annual accounts 202442,7 k €↑
- 2023Annual accounts 2023-19,6 k €↓
- 2022Annual accounts 202276,1 k €↓
- 2021Annual accounts 20211,3 M €↑
- 2019Annual accounts 2019253,9 k €↓
- 2018Annual accounts 2018861,6 k €↓
- 2017Annual accounts 20171,9 M €↑
- 2016Annual accounts 2016-3,4 k €↑
- 2015Annual accounts 2015-58,8 k €↓
- 2014Annual accounts 2014-12,2 k €↓
- 2013Annual accounts 2013151,2 k €↓
- 2012Annual accounts 2012698,4 k €↑
- 2011Annual accounts 2011-137,2 k €↓
- 2010Annual accounts 2010195,5 k €↑
- 2009Annual accounts 2009-137,4 k €↓
- 2008Annual accounts 2008227,9 k €↑
- 2007Annual accounts 2007-18,5 k €↓
- 2006Annual accounts 2006-18,1 k €
- 19/08/1987IncorporationPublic limited company