ACTIVE

MAVY

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Financial year 2023 · closed on 31/12/2023

Net result

1,1 M €

-77.4% YoY

Gross margin

-17,1 k €

-100.9% YoY

Equity

13,8 M €

+9.0% YoY

Workforce

0,6 ETP

-25.0% YoY

What does MAVY do?

MAVY is a Public limited company incorporated in 1988. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Tielt. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.655.821

Incorporation

15/03/1988

Legal form

Public limited company

Registered office

Oude Stationstraat 144
8700 Tielt · FlandreSee on map

Contributed capital

5 172 370,44 €

Latest accounts

31/12/2023

Average workforce

0,6 ETP

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-17,1 k €	-101%	2 M €	+1398%	133,5 k €	-13.3%	153,9 k €	+1088%	-15,6 k €	+22.5%	-20,1 k €	-103%	768,6 k €	+59.6%	481,5 k €	+573%	71,6 k €	-83.7%	440,1 k €	+76.8%	249 k €	+76.0%	141,5 k €	-48.5%	274,8 k €	-53.2%	587,7 k €	+4355%	13,2 k €	-95.6%	300,8 k €
EBITDA	-73,1 k €	-104%	1,9 M €	+2242%	81 k €	-23.7%	106,1 k €	+235%	-78,7 k €	+10.9%	-88,3 k €	-115%	575,6 k €	+28.1%	449,4 k €	+668%	58,5 k €	-86.2%	424,8 k €	+81.5%	234,1 k €	+107%	113 k €	-55.5%	253,8 k €	-55.8%	574,1 k €	+47594%	1,2 k €	-99.6%	288,8 k €
Operating result	-133,6 k €	-107%	1,8 M €	+8853%	20,5 k €	-55.1%	45,7 k €	+133%	-139,2 k €	+6.5%	-148,8 k €	-132%	470,5 k €	+14.2%	412 k €	+1851%	21,1 k €	-94.6%	387,4 k €	+96.8%	196,9 k €	+165%	74,2 k €	-65.5%	215 k €	-59.8%	535,3 k €	+1524%	-37,6 k €	-115%	249,9 k €
Net result	1,1 M €	-77.4%	5 M €	+638%	679,8 k €	+292%	173,3 k €	+190%	-193,4 k €	+2.5%	-198,5 k €	-176%	261,3 k €	+11.3%	234,8 k €	+878%	-30,2 k €	-114%	215,9 k €	-18.5%	264,8 k €	+383%	54,8 k €	-62.6%	146,7 k €	-60.2%	368,8 k €	+755%	-56,3 k €	-140%	142,1 k €
Balance sheet
Equity	13,8 M €	+9.0%	12,7 M €	+65.7%	7,6 M €	+9.8%	7 M €	+2.8%	6,8 M €	-2.8%	7 M €	-2.8%	7,2 M €	+298%	1,8 M €	+15.0%	1,6 M €	-1.9%	1,6 M €	+15.6%	1,4 M €	+25.2%	1,1 M €	+5.2%	1 M €	+16.3%	900,9 k €	+69.3%	532,1 k €	-9.6%	588,4 k €
Total assets	14 M €	-7.2%	15,1 M €	+24.4%	12,2 M €	+0.7%	12,1 M €	+2.0%	11,8 M €	+14.4%	10,3 M €	-3.6%	10,7 M €	+97.9%	5,4 M €	+1.1%	5,4 M €	+6.5%	5 M €	+24.8%	4 M €	+0.1%	4 M €	+86.5%	2,2 M €	-9.3%	2,4 M €	+51.9%	1,6 M €	-4.3%	1,6 M €
Cash	89,1 k €	-92.2%	1,1 M €	+156%	447,7 k €	+50.4%	297,7 k €	+13744%	2,2 k €	-97.1%	73,3 k €	+87.8%	39,1 k €	-54.0%	84,9 k €	+734%	10,2 k €	-81.9%	56,2 k €	+60.8%	35 k €	-42.7%	61 k €	-46.2%	113,4 k €	+165%	42,8 k €	+1059%	3,7 k €	+247%	1,1 k €
Debts	107,2 k €	-95.3%	2,3 M €	-47.4%	4,4 M €	-11.6%	5 M €	+1.3%	4,9 M €	+52.6%	3,2 M €	-5.5%	3,4 M €	-3.3%	3,5 M €	-4.7%	3,7 M €	+10.9%	3,3 M €	+32.2%	2,5 M €	-10.5%	2,8 M €	+173%	1 M €	-25.9%	1,4 M €	+48.2%	935,4 k €	-0.8%	943,1 k €
Other
Workforce	0,6 ETP	-25.0%	0,8 ETP	-38.5%	1,3 ETP	0.0%	1,3 ETP	-23.5%	1,7 ETP	-15.0%	2,0 ETP	+42.9%	1,4 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 5 ended

Active mandates

Sylvia MAES

Director · since 24 octobre 2017

Active

Virginie MAES

Director · since 24 octobre 2017

Active

Ended mandates

Sylvia MAES

Manager · since 24 octobre 2017

Ended

Virginie MAES

Manager · since 24 octobre 2017

Ended

Emile MAES

Manager · since 08 janvier 2016

Ended

MAVYMMO BVBA

Manager · since 31 mars 2003 · until 08 janvier 2016 · 0480.022.217

Represented by Emile MAES

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/06/2024	31/05/2023	15/06/2022	10/06/2021	03/06/2020	03/06/2019
General meeting	31/05/2024	26/05/2023	27/05/2022	28/05/2021	29/05/2020	31/05/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	31/05/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	31/05/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	15/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	10/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	03/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	03/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	01/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	29/05/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	27/05/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	12/12/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	30/05/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	02/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2023 · 2 active · 5 ended

Active mandates

Sylvia MAES

Director · since 24 octobre 2017

Active

Virginie MAES

Director · since 24 octobre 2017

Active

Ended mandates

Sylvia MAES

Manager · since 24 octobre 2017

Ended

Virginie MAES

Manager · since 24 octobre 2017

Ended

Emile MAES

Manager · since 08 janvier 2016

Ended

MAVYMMO BVBA

Manager · since 31 mars 2003 · until 08 janvier 2016 · 0480.022.217

Represented by Emile MAES

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/08/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2017
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares24/08/2017
KAPITAAL - AANDELEN
PDF
Mandates27/01/2016
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares14/07/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/02/2006
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/07/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2003
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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

2023
Annual accounts 20231,1 M €↓
2022
Annual accounts 20225 M €↑
2021
Annual accounts 2021679,8 k €↑
2020
Annual accounts 2020173,3 k €↑
2019
Annual accounts 2019-193,4 k €↑
2018
Annual accounts 2018-198,5 k €↓
2017
Annual accounts 2017261,3 k €↑
2016
Annual accounts 2016234,8 k €↑
2015
Annual accounts 2015-30,2 k €↓
2014
Annual accounts 2014215,9 k €↓
2013
Annual accounts 2013264,8 k €↑
2012
Annual accounts 201254,8 k €↓
2011
Annual accounts 2011146,7 k €↓
2010
Annual accounts 2010368,8 k €↑
2009
Annual accounts 2009-56,3 k €↓
2008
Annual accounts 2008142,1 k €
15/03/1988
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

MAVY

Overview

What does MAVY do?

Trend over 16 financial years

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