ACTIVE

ETABLISSEMENTS MAX HANARD

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Financial year 2025 · Closed on 31/12/2025

Net result23,6 k €-0,9 %over 1 year
Gross margin44,6 k €-5,7 %over 1 year
Equity560,4 k €+4,4 %over 1 year

Identity

Source · BCE/KBO

ETABLISSEMENTS MAX HANARD is a Private limited company incorporated in 1988. Its registered office is in Manage.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0436.229.289
Incorporation
29/12/1988
Legal form
Private limited company
Registered office
Grand'Rue 80
7170 Manage · WallonieSee on map
Contributed capital
8 056,53 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin44,6 k €47,3 k €39,5 k €43,9 k €32,5 k €
EBITDA42,9 k €45,7 k €38 k €42,5 k €32,1 k €
Operating result42,4 k €34,9 k €37,5 k €42,4 k €32,1 k €
Net result23,6 k €23,8 k €25,2 k €28,6 k €21,7 k €
Balance sheet
Equity560,4 k €536,7 k €512,9 k €487,7 k €459,2 k €
Total assets571,5 k €554,6 k €554,2 k €544,4 k €534 k €
Cash6,6 k €6,3 k €5,8 k €8,7 k €12,7 k €
Debts11,2 k €17,9 k €41,3 k €56,7 k €74,9 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

ANITA GELPER

Manager · since 21 janvier 1989

Active
MAX HANARD

Manager · since 21 janvier 1989

Active

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/05/202622/05/202525/06/202412/07/202326/07/202214/08/2021
General meeting15/05/202616/05/202521/06/202416/06/202317/06/202219/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202515/05/202629/05/2026FrenchPDF
Micro model31/12/202416/05/202522/05/2025FrenchPDF
Micro model31/12/202321/06/202425/06/2024FrenchPDF
Micro model31/12/202216/06/202312/07/2023FrenchPDF
Micro model31/12/202117/06/202226/07/2022FrenchPDF
Micro model31/12/202019/06/202114/08/2021FrenchPDF
Micro model31/12/201919/06/202028/08/2020FrenchPDF
Micro model31/12/201821/06/201928/08/2019FrenchPDF
Micro model31/12/201715/06/201831/08/2018FrenchPDF
Micro model31/12/201616/06/201730/08/2017FrenchPDF
Abridged model31/12/201517/06/201629/08/2016FrenchPDF
Abridged model31/12/201419/06/201531/08/2015FrenchPDF
Abridged model31/12/201320/06/201427/08/2014FrenchPDF
Abridged model31/12/201221/06/201329/08/2013FrenchPDF
Abridged model31/12/201122/06/201228/08/2012FrenchPDF
Abridged model31/12/201024/06/201130/08/2011FrenchPDF
Abridged model31/12/200925/06/201026/08/2010FrenchPDF
Abridged model31/12/200826/06/200926/08/2009FrenchPDF
Abridged model31/12/200712/05/200825/08/2008FrenchPDF
Abridged model31/12/200612/05/200727/08/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

ANITA GELPER

Manager · since 21 janvier 1989

Active
MAX HANARD

Manager · since 21 janvier 1989

Active

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/11/2023
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/02/2015
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares12/10/2005
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202523,6 k €↓
  2. 2024
    Annual accounts 202423,8 k €↓
  3. 2023
    Annual accounts 202325,2 k €↓
  4. 2022
    Annual accounts 202228,6 k €↑
  5. 2021
    Annual accounts 202121,7 k €↓
  6. 2020
    Annual accounts 202022,8 k €↑
  7. 2019
    Annual accounts 201917,7 k €↓
  8. 2018
    Annual accounts 201820 k €↑
  9. 2017
    Annual accounts 201718,9 k €↑
  10. 2016
    Annual accounts 201610,6 k €↓
  11. 2015
    Annual accounts 201525,9 k €↓
  12. 2014
    Annual accounts 201427,1 k €↓
  13. 2013
    Annual accounts 201327,8 k €↓
  14. 2012
    Annual accounts 201241,7 k €↑
  15. 2011
    Annual accounts 20112,9 k €↓
  16. 2010
    Annual accounts 201019,2 k €↓
  17. 2009
    Annual accounts 200933,2 k €↓
  18. 2008
    Annual accounts 200867,1 k €↑
  19. 2007
    Annual accounts 20072,9 k €↑
  20. 2006
    Annual accounts 2006-3,9 k €
  21. 29/12/1988
    IncorporationPrivate limited company