ACTIVE

MdH HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

475,1 k €

+37.8% YoY

Gross margin

124,4 k €

-15.6% YoY

Equity

17,9 M €

+2.7% YoY

What does MdH HOLDING do?

MdH HOLDING is a Private limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.078.229

Incorporation

28/07/1989

Legal form

Private limited company

Registered office

Avenue de la Sapinière 51B
1180 Uccle · BruxellesSee on map

Contributed capital

15 127 518,17 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

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	124,4 k €	-15.6%	147,5 k €	-14.1%	171,7 k €	+23.6%	139 k €	+47.3%	94,4 k €	+242%	27,6 k €	+3401%	-834,8 €	-115%	5,5 k €	+116%	-34,2 k €	-79.7%	-19 k €	-55.2%	-12,2 k €	-765%	-1,4 k €	-10.1%	-1,3 k €	+97.6%	-53,6 k €	-824%	7,4 k €	-83.2%	44 k €	-14.0%	51,2 k €	+25.5%	40,8 k €	+610%	5,7 k €	+349%	-2,3 k €
EBITDA	118,7 k €	-19.0%	146,5 k €	-14.2%	170,8 k €	+24.6%	137 k €	+46.5%	93,5 k €	+250%	26,7 k €	+1360%	-2,1 k €	-146%	4,6 k €	+113%	-34,5 k €	-78.3%	-19,4 k €	-52.6%	-12,7 k €	-585%	-1,9 k €	+17.4%	-2,2 k €	+96.1%	-58,1 k €	-1413%	4,4 k €	-89.3%	41,4 k €	-15.8%	49,3 k €	+26.3%	39 k €	+635%	5,3 k €	+287%	-2,8 k €
Operating result	106,3 k €	-26.4%	144,3 k €	-14.6%	169 k €	+24.9%	135,4 k €	+48.1%	91,4 k €	+260%	25,4 k €	+871%	-3,3 k €	-179%	4,2 k €	+112%	-35 k €	-80.7%	-19,4 k €	-52.6%	-12,7 k €	-585%	-1,9 k €	+17.4%	-2,2 k €	+96.1%	-58,1 k €	-177%	-21 k €	-231%	16 k €	-35.6%	24,9 k €	+124%	-105,6 k €	-2090%	5,3 k €	+287%	-2,8 k €
Net result	475,1 k €	+37.8%	344,8 k €	+63.9%	210,4 k €	+20.1%	175,2 k €	-54.3%	383 k €	-23.1%	498,4 k €	+13.9%	437,4 k €	+2076%	20,1 k €	-96.2%	529,8 k €	+2448%	-22,6 k €	-384%	-4,7 k €	-155%	8,5 k €	-14.6%	9,9 k €	+112%	-84,9 k €	-102%	-42,1 k €	-173%	-15,4 k €	-115%	-7,2 k €	+94.4%	-128,7 k €	-629%	24,3 k €	+16.7%	20,8 k €
Balance sheet
Equity	17,9 M €	+2.7%	17,4 M €	+2.0%	17,1 M €	+1.2%	16,9 M €	+1.1%	16,7 M €	+2.4%	16,3 M €	+3.2%	15,8 M €	+2.8%	15,4 M €	+0.1%	15,3 M €	+3.6%	14,8 M €	+7104%	205,5 k €	-2.2%	210,2 k €	+4.2%	201,7 k €	+5.2%	191,8 k €	-30.7%	276,7 k €	-13.2%	318,8 k €	-4.6%	334,2 k €	-2.1%	341,4 k €	-27.4%	470,1 k €	+5.5%	445,8 k €
Total assets	18,1 M €	+3.6%	17,5 M €	+2.0%	17,1 M €	+1.0%	16,9 M €	+1.2%	16,8 M €	+2.7%	16,3 M €	+3.2%	15,8 M €	+2.8%	15,4 M €	+0.1%	15,4 M €	-11.5%	17,4 M €	+3706%	456 k €	+116%	210,8 k €	+4.3%	202,1 k €	-8.4%	220,7 k €	-79.6%	1,1 M €	-7.1%	1,2 M €	-0.4%	1,2 M €	-0.4%	1,2 M €	+150%	470,1 k €	+5.4%	446,1 k €
Cash	531,8 k €	+14.8%	463,1 k €	+58.9%	291,5 k €	+75.8%	165,8 k €	+172%	60,9 k €	-92.2%	782,3 k €	+1019%	69,9 k €	+573%	10,4 k €	-67.6%	32 k €	+3153%	985,3 €	+281%	258,6 €	-65.2%	743,2 €	+682%	95 €	-99.5%	17,3 k €	+405%	3,4 k €	+283%	894 €	+11.8%	799,5 €	-57.8%	1,9 k €	+109%	906 €	-76.8%	3,9 k €
Debts	210,8 k €	+307%	51,7 k €	+4.2%	49,7 k €	-49.6%	98,5 k €	+26.9%	77,7 k €	+278%	20,6 k €	+53.4%	13,4 k €	-25.2%	17,9 k €	+6.1%	16,9 k €	-99.3%	2,5 M €	+917%	250,4 k €	+42660%	585,7 €	+57.1%	372,9 €	-98.7%	28,9 k €	-96.4%	805,7 k €	-4.9%	846,9 k €	+1.2%	836,6 k €	+0.5%	832,8 k €		–		328,7 €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Joël Moens de Hase

Director

Active

Michèle Marroyen

Director

Active

Ended mandates

Michèle MARROYEN

Director · since 30 mai 2024

Ended

Joel MOENS DE HASE

Director · since 23 mars 2017

Ended

Joël Moens de Hase

Manager · since 23 mars 2017

Ended

Joël Moens de Hase

Managing director · since 25 mai 2012 · until 22 mars 2017

Ended

At this address

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EXECUTIVE PROJECTS & MANAGEMENT● Active	0463.654.852
N2 PROPERTY● Active	0676.671.307
NAHAN BENELUX● Active	0897.636.317
Thecointainer● Active	0449.744.953
VALMAR● Active	0434.429.544

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	26/08/2026	23/09/2025	30/08/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	13/08/2026	22/08/2025	29/08/2024	28/08/2023	31/08/2022	31/08/2021
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	13/08/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	22/08/2025	23/09/2025	French	PDF
Abridged model	31/12/2023	29/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	28/08/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	31/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	13/10/2020	26/10/2020	French	PDF
Abridged model	31/12/2018	29/07/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	14/08/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	30/08/2017	08/09/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	02/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	08/07/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	25/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 12 ended

Active mandates

Joël Moens de Hase

Director

Active

Michèle Marroyen

Director

Active

Ended mandates

Michèle MARROYEN

Director · since 30 mai 2024

Ended

Joel MOENS DE HASE

Director · since 23 mars 2017

Ended

Joël Moens de Hase

Manager · since 23 mars 2017

Ended

Joël Moens de Hase

Managing director · since 25 mai 2012 · until 22 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE - DIVERS
PDF
Capital / shares19/01/2017
BENAMING - KAPITAAL - AANDELEN
PDF
Mandates19/01/2017
DENOMINATION - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates21/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office15/10/2008
Verplaatsing maatschappelijke zetel
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 2025475,1 k €↑
2024
Annual accounts 2024344,8 k €↑
2023
Annual accounts 2023210,4 k €↑
2022
Annual accounts 2022175,2 k €↓
2021
Annual accounts 2021383 k €↓
2020
Annual accounts 2020498,4 k €↑
2019
Annual accounts 2019437,4 k €↑
2018
Annual accounts 201820,1 k €↓
2017
Annual accounts 2017529,8 k €↑
2016
Annual accounts 2016-22,6 k €↓
2015
Annual accounts 2015-4,7 k €↓
2014
Annual accounts 20148,5 k €↓
2013
Annual accounts 20139,9 k €↑
2012
Annual accounts 2012-84,9 k €↓
2011
Annual accounts 2011-42,1 k €↓
2010
Annual accounts 2010-15,4 k €↓
2009
Annual accounts 2009-7,2 k €↑
2008
Annual accounts 2008-128,7 k €↓
2007
Annual accounts 200724,3 k €↑
2006
Annual accounts 200620,8 k €
28/07/1989
IncorporationPrivate 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

MdH HOLDING

Overview

What does MdH HOLDING do?

Trend over 20 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