MDH DIFFUSION
0435.298.188 · rovalta.com · 21/09/2026
ACTIVE
MDH DIFFUSION
Financial year 2025 · closed on 31/12/2025
Net result
-12,1 k €
+68.2% YoY
Gross margin
-3,3 k €
-0.0% YoY
Equity
-28,8 k €
-72.4% YoY
Overview
What does MDH DIFFUSION do?
MDH DIFFUSION is a Private company with limited liability incorporated in 1988. Its main activity is: Wholesale of watches and jewellery. Its registered office is in Spa.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0435.298.188
Incorporation
14/09/1988
Legal form
Private company with limited liability
Registered office
Avenue Bel Air 19
4900 Spa · WallonieSee on map
4900 Spa · WallonieSee on map
Contributed capital
27 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -3,3 k € | -0.0% | -3,3 k € | +40.9% | -5,6 k € | -517% | -909 € | +64.2% | -2,5 k € | +19.8% | -3,2 k € | +24.9% | -4,2 k € | -203% | 4,1 k € | +523% | -963,5 € | -104% | 26 k € | +3588% | 705,9 € | +159% | -1,2 k € | -88.6% | -631,2 € | -103% | 23,1 k € | +32.8% | 17,4 k € | +24.9% | 13,9 k € | -40.2% | 23,3 k € | -5.7% | 24,7 k € | -39.5% | 40,9 k € | +14.6% | 35,7 k € |
| EBITDA | -5,5 k € | +82.2% | -31,2 k € | -456% | -5,6 k € | -517% | -909 € | +79.3% | -4,4 k € | -21.8% | -3,6 k € | +51.0% | -7,4 k € | -356% | 2,9 k € | +173% | -3,9 k € | -117% | 23,4 k € | +1769% | -1,4 k € | +57.5% | -3,3 k € | +6.2% | -3,5 k € | -120% | 17,4 k € | +12.1% | 15,5 k € | +46.5% | 10,6 k € | -50.4% | 21,4 k € | -5.8% | 22,7 k € | -41.3% | 38,7 k € | +15.6% | 33,4 k € |
| Operating result | -12 k € | +68.2% | -37,6 k € | -213% | -12 k € | -64.0% | -7,3 k € | +60.3% | -18,5 k € | -23.0% | -15 k € | +29.6% | -21,3 k € | -93.1% | -11,1 k € | +38.1% | -17,8 k € | -292% | 9,3 k € | +223% | -7,5 k € | +59.0% | -18,4 k € | +2.9% | -19 k € | -1176% | 1,8 k € | +7982% | 21,8 € | +100% | -5,2 k € | -137% | 14 k € | -1.8% | 14,2 k € | -53.5% | 30,6 k € | +25.9% | 24,3 k € |
| Net result | -12,1 k € | +68.2% | -38 k € | -215% | -12,1 k € | -62.0% | -7,5 k € | +60.0% | -18,7 k € | -14.7% | -16,3 k € | +23.8% | -21,3 k € | -89.8% | -11,2 k € | +39.8% | -18,7 k € | -305% | 9,1 k € | +213% | -8,1 k € | +57.1% | -18,9 k € | +4.7% | -19,8 k € | -19901% | -99,1 € | +96.5% | -2,8 k € | +62.7% | -7,5 k € | -181% | 9,2 k € | +1.1% | 9,1 k € | -55.5% | 20,5 k € | +49.2% | 13,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | -28,8 k € | -72.4% | -16,7 k € | -178% | 21,3 k € | -36.2% | 33,4 k € | -18.3% | 40,9 k € | -31.3% | 59,6 k € | -21.5% | 75,8 k € | -22.0% | 97,2 k € | -10.4% | 108,4 k € | -14.7% | 127,1 k € | +7.7% | 118 k € | -6.4% | 126,1 k € | -13.0% | 145 k € | -12.0% | 164,8 k € | -0.1% | 164,9 k € | -1.7% | 167,7 k € | -4.3% | 175,2 k € | +3.6% | 169,2 k € | +3.6% | 163,3 k € | +11.8% | 146 k € |
| Total assets | 2,2 k € | -84.1% | 13,5 k € | -71.4% | 47,3 k € | -20.7% | 59,6 k € | -7.2% | 64,3 k € | -25.6% | 86,4 k € | -30.7% | 124,6 k € | -14.6% | 145,8 k € | -15.9% | 173,4 k € | -18.9% | 213,7 k € | +6.0% | 201,6 k € | -3.3% | 208,5 k € | -9.2% | 229,6 k € | -6.0% | 244,3 k € | -9.9% | 271,2 k € | -6.4% | 289,6 k € | +4.1% | 278,1 k € | +0.6% | 276,5 k € | -8.2% | 301,2 k € | +7.5% | 280,2 k € |
| Cash | 489,8 € | -47.8% | 937,8 € | -94.6% | 17,3 k € | -7.6% | 18,7 k € | 0.0% | 18,7 k € | -2.0% | 19,1 k € | -57.3% | 44,7 k € | -12.5% | 51,1 k € | -17.8% | 62,2 k € | -21.5% | 79,2 k € | +15.7% | 68,5 k € | +27.0% | 53,9 k € | -3.6% | 56 k € | +15.5% | 48,4 k € | -0.5% | 48,7 k € | +30.7% | 37,3 k € | -36.2% | 58,4 k € | -12.9% | 67 k € | -25.0% | 89,3 k € | -10.1% | 99,4 k € |
| Debts | 31 k € | +2.4% | 30,2 k € | +16.6% | 25,9 k € | -1.0% | 26,2 k € | +12.1% | 23,4 k € | -13.0% | 26,8 k € | -45.0% | 48,8 k € | +0.2% | 48,6 k € | -25.1% | 65 k € | -24.9% | 86,5 k € | +3.4% | 83,7 k € | +1.7% | 82,3 k € | -1.0% | 83,1 k € | +5.9% | 78,5 k € | -26.1% | 106,1 k € | -10.6% | 118,7 k € | +18.5% | 100,2 k € | -0.8% | 101 k € | -25.3% | 135,1 k € | +1.5% | 133,1 k € |
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Michel HURLET
ActiveFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 15/07/2026 | 27/08/2025 | 29/08/2024 | 31/08/2023 | 31/08/2022 | 13/08/2021 |
| General meeting | 02/06/2026 | 26/08/2025 | 04/06/2024 | 30/06/2023 | 30/06/2022 | 01/06/2021 |
| 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 |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 02/06/2026 | 15/07/2026 | French | |
| Micro model | 31/12/2024 | 26/08/2025 | 27/08/2025 | French | |
| Micro model | 31/12/2023 | 04/06/2024 | 29/08/2024 | French | |
| Micro model | 31/12/2022 | 30/06/2023 | 31/08/2023 | French | |
| Micro model | 31/12/2021 | 30/06/2022 | 31/08/2022 | French | |
| Micro model | 31/12/2020 | 01/06/2021 | 13/08/2021 | French | |
| Micro model | 31/12/2019 | 01/06/2020 | 31/10/2020 | French | |
| Micro model | 31/12/2018 | 04/06/2019 | 30/08/2019 | French | |
| Micro model | 31/12/2017 | 04/06/2018 | 31/08/2018 | French | |
| Micro model | 31/12/2016 | 01/08/2017 | 30/08/2017 | French | |
| Abridged model | 31/12/2015 | 09/06/2016 | 24/08/2016 | French | |
| Abridged model | 31/12/2014 | 11/06/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 27/06/2014 | 29/09/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 12/07/2013 | French | |
| Abridged model | 31/12/2011 | 14/06/2012 | 25/06/2012 | French | |
| Abridged model | 31/12/2010 | 09/06/2011 | 07/07/2011 | French | |
| Abridged model | 31/12/2009 | 10/06/2010 | 06/07/2010 | French | |
| Abridged model | 31/12/2008 | 16/06/2009 | 14/07/2009 | French | |
| Abridged model | 31/12/2007 | 27/06/2008 | 04/07/2008 | French | |
| Abridged model | 31/12/2006 | 29/06/2007 | 17/07/2007 | French |
Valuation
Estimate
Indicative valuation
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 · 1 active
Active mandates
Michel HURLET
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
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 2025-12,1 k €↑
- 2024Annual accounts 2024-38 k €↓
- 2023Annual accounts 2023-12,1 k €↓
- 2022Annual accounts 2022-7,5 k €↑
- 2021Annual accounts 2021-18,7 k €↓
- 2020Annual accounts 2020-16,3 k €↑
- 2019Annual accounts 2019-21,3 k €↓
- 2018Annual accounts 2018-11,2 k €↑
- 2017Annual accounts 2017-18,7 k €↓
- 2016Annual accounts 20169,1 k €↑
- 2015Annual accounts 2015-8,1 k €↑
- 2014Annual accounts 2014-18,9 k €↑
- 2013Annual accounts 2013-19,8 k €↓
- 2012Annual accounts 2012-99,1 €↑
- 2011Annual accounts 2011-2,8 k €↑
- 2010Annual accounts 2010-7,5 k €↓
- 2009Annual accounts 20099,2 k €↑
- 2008Annual accounts 20089,1 k €↓
- 2007Annual accounts 200720,5 k €↑
- 2006Annual accounts 200613,7 k €
- 14/09/1988IncorporationPrivate company with limited liability