ACTIVE

MAVE

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Financial year 2025 · closed on 31/12/2025

Net result

108,8 k €

+7.9% YoY

Gross margin

365,4 k €

+4.6% YoY

Equity

778,1 k €

+15.5% YoY

Workforce

5,5 ETP

0.0% YoY

What does MAVE do?

MAVE is a Private company with limited liability incorporated in 1990. Its main activity is: Growing of rice. Its registered office is in Sint-Katelijne-Waver. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.015.250

Incorporation

09/07/1990

Legal form

Private company with limited liability

Registered office

Slekhoevevelden 9
2860 Sint-Katelijne-Waver · FlandreSee on map

Contributed capital

30 000,00 €

Latest accounts

31/12/2025

Average workforce

5,5 ETP

Activities (NACE)

01121Growing of rice· main 01130Growing of vegetables and melons, roots and tubers 01130Growing of vegetables and melons, roots and tubers

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	365,4 k €	+4.6%	349,4 k €	-2.0%	356,6 k €	+17.3%	304 k €	-7.3%	328 k €	-3.6%	340,2 k €	+43.1%	237,8 k €	-7.8%	257,9 k €	-25.0%	344 k €	+41.5%	243,2 k €	-8.2%	264,9 k €	-13.9%	307,6 k €	+74.9%	175,9 k €	-35.0%	270,7 k €	+2.3%	264,6 k €	+15.1%	229,9 k €	+102%	114,1 k €	-10.9%	128 k €	-45.0%	232,9 k €	+33.9%	173,9 k €
EBITDA	187,4 k €	+14.1%	164,2 k €	-16.3%	196,1 k €	+50.3%	130,5 k €	-22.2%	167,7 k €	-7.4%	181 k €	+123%	81,3 k €	-11.6%	91,9 k €	-48.9%	179,9 k €	+90.0%	94,7 k €	-20.3%	118,8 k €	-26.1%	160,9 k €	+352%	35,6 k €	-74.8%	141,5 k €	-6.1%	150,8 k €	+39.0%	108,5 k €	+1231%	-9,6 k €	-150%	19,1 k €	-85.4%	130,8 k €	+95.8%	66,8 k €
Operating result	154,7 k €	+7.0%	144,5 k €	-3.0%	149,1 k €	+76.2%	84,6 k €	-33.9%	127,9 k €	-8.2%	139,3 k €	+146%	56,7 k €	+451%	10,3 k €	-90.1%	104 k €	+505%	17,2 k €	-42.1%	29,7 k €	-54.6%	65,3 k €	+190%	-72,5 k €	-560%	15,8 k €	+554%	-3,5 k €	-108%	45,2 k €	+295%	-23,2 k €	-472%	6,2 k €	-94.6%	116,3 k €	+178%	41,9 k €
Net result	108,8 k €	+7.9%	100,9 k €	-4.4%	105,5 k €	+64.0%	64,3 k €	+24.6%	51,6 k €	-56.5%	118,8 k €	+212%	38,1 k €	+892%	3,8 k €	-94.9%	74,9 k €	+378%	15,7 k €	-57.2%	36,6 k €	-48.8%	71,5 k €	+201%	-70,8 k €	-225%	56,5 k €	+881%	-7,2 k €	-143%	16,7 k €	+150%	-33,5 k €	-482%	8,8 k €	-91.1%	98,9 k €	+208%	32,1 k €
Balance sheet
Equity	778,1 k €	+15.5%	673,5 k €	+16.7%	576,9 k €	+21.3%	475,7 k €	+14.5%	415,6 k €	+27.7%	325,6 k €	+57.4%	206,8 k €	+22.6%	168,7 k €	+1.9%	165,5 k €	+27.8%	129,5 k €	+7.3%	120,7 k €	+30.0%	92,8 k €	+209%	30,1 k €	-72.6%	109,8 k €	+448%	20 k €	-33.1%	29,9 k €	+87.6%	16 k €	-69.4%	52,1 k €	+68.5%	30,9 k €	+146%	-67,2 k €
Total assets	1,1 M €	-0.0%	1,1 M €	+0.2%	1,1 M €	+18.6%	919,3 k €	-10.4%	1 M €	+3.7%	988,8 k €	+118%	454 k €	-4.0%	472,9 k €	-6.0%	503 k €	-10.0%	558,7 k €	-1.3%	566,2 k €	-23.6%	741,4 k €	-5.6%	785,7 k €	-10.5%	877,4 k €	+3.8%	845,2 k €	-14.0%	982,7 k €	+247%	283,3 k €	+1.8%	278,2 k €	-19.9%	347,2 k €	+12.0%	310 k €
Cash	297,2 k €	-44.8%	538,2 k €	+2.4%	525,8 k €	+648%	70,3 k €	-58.5%	169,3 k €	-48.8%	330,9 k €	+242%	96,8 k €	-29.7%	137,7 k €	+1.8%	135,3 k €	+93.9%	69,8 k €	+3320%	2 k €	-99.0%	211 k €	+449%	38,4 k €	+88.9%	20,3 k €	+352%	4,5 k €	-68.3%	14,2 k €	+682%	1,8 k €	-84.1%	11,4 k €	-87.1%	88,9 k €	+106%	43,1 k €
Debts	307,2 k €	-25.2%	410,4 k €	-18.5%	503,3 k €	+21.0%	416 k €	-26.4%	564,9 k €	-8.1%	614,6 k €	+237%	182,4 k €	-40.1%	304,2 k €	-2.8%	313,1 k €	-17.0%	377,2 k €	-13.9%	438,1 k €	-6.7%	469,3 k €	-36.5%	739,2 k €	-1.0%	746,6 k €	-9.1%	821,2 k €	-13.3%	947,5 k €	+263%	260,7 k €	+19.5%	218 k €	-30.7%	314,7 k €	-16.1%	375,1 k €
Other
Workforce	5,5 ETP	0.0%	5,5 ETP	-3.5%	5,7 ETP	+7.5%	5,3 ETP	+1.9%	5,2 ETP	0.0%	5,2 ETP	+2.0%	5,1 ETP	-8.9%	5,6 ETP	+5.7%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 ETP	-2.0%	5,1 ETP	+6.2%	4,8 ETP	-14.3%	5,6 ETP	+21.7%	4,6 ETP	0.0%	4,6 ETP	-6.1%	4,9 ETP	+6.5%	4,6 ETP	+4.5%	4,4 ETP	-4.3%	4,6 ETP

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 · 1 active · 4 ended

Active mandates

Marc Jozef Smets

Director

Active

Ended mandates

Marc Jozef Smets

Manager

Ended

Marc Smets

Director

Ended

MARC SMETS

Manager

Ended

MARK SMETS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
VEMA● Active	0458.869.683

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	08/07/2026	09/07/2025	23/07/2024	19/07/2023	29/07/2022	30/07/2021
General meeting	16/06/2026	24/06/2025	25/06/2024	13/06/2023	29/06/2022	08/06/2021
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

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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	16/06/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	23/07/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	29/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	11/08/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	03/08/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	20/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	29/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	28/06/2007	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 · 1 active · 4 ended

Active mandates

Marc Jozef Smets

Director

Active

Ended mandates

Marc Jozef Smets

Manager

Ended

Marc Smets

Director

Ended

MARC SMETS

Manager

Ended

MARK SMETS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares11/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/05/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares08/11/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025108,8 k €↑
2024
Annual accounts 2024100,9 k €↓
2023
Annual accounts 2023105,5 k €↑
2022
Annual accounts 202264,3 k €↑
2021
Annual accounts 202151,6 k €↓
2020
Annual accounts 2020118,8 k €↑
2019
Annual accounts 201938,1 k €↑
2018
Annual accounts 20183,8 k €↓
2017
Annual accounts 201774,9 k €↑
2016
Annual accounts 201615,7 k €↓
2015
Annual accounts 201536,6 k €↓
2014
Annual accounts 201471,5 k €↑
2013
Annual accounts 2013-70,8 k €↓
2012
Annual accounts 201256,5 k €↑
2011
Annual accounts 2011-7,2 k €↓
2010
Annual accounts 201016,7 k €↑
2009
Annual accounts 2009-33,5 k €↓
2008
Annual accounts 20088,8 k €↓
2007
Annual accounts 200798,9 k €↑
2006
Annual accounts 200632,1 k €
09/07/1990
IncorporationPrivate company with limited liability

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

MAVE

Overview

What does MAVE 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