ACTIVE

MUTZHAGEN

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Financial year 2025 · closed on 31/12/2025

Net result

295,2 k €

-10.4% YoY

Gross margin

977,7 k €

+0.6% YoY

Equity

406,4 k €

+1.8% YoY

Workforce

9,6 ETP

+3.2% YoY

What does MUTZHAGEN do?

MUTZHAGEN is a Private limited company incorporated in 1991. Its registered office is in Lontzen. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.433.403

Incorporation

01/02/1991

Legal form

Private limited company

Registered office

Chaussée de Liège 16
4710 Lontzen · WallonieSee on map

Contributed capital

7 438,65 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	977,7 k €	+0.6%	971,4 k €	+4.4%	930,2 k €	+1.8%	913,5 k €	+7.0%	853,5 k €	+34.4%	635,3 k €	-15.3%	749,9 k €	+24.6%	601,8 k €	+10.0%	547,2 k €	+1.5%	539,2 k €	+18.4%	455,6 k €	-5.0%	479,6 k €	+5.3%	455,6 k €	+7.1%	425,2 k €	+23.4%	344,6 k €	+109%	164,8 k €	+4.9%	157,1 k €	+31.6%	119,3 k €	-3.2%	123,2 k €	-11.4%	139 k €
EBITDA	466,3 k €	-3.0%	480,7 k €	+5.3%	456,7 k €	-0.3%	457,9 k €	+7.6%	425,7 k €	+51.2%	281,5 k €	+11.8%	251,8 k €	+20.8%	208,5 k €	+20.3%	173,4 k €	+35.0%	128,4 k €	+19.4%	107,6 k €	-31.6%	157,3 k €	+6.2%	148 k €	-0.8%	149,3 k €	+17.5%	127 k €	+120%	57,8 k €	+1.7%	56,9 k €	+81.2%	31,4 k €	+0.4%	31,3 k €	-12.1%	35,6 k €
Operating result	318,4 k €	-9.1%	350,2 k €	+4.2%	336 k €	+13.8%	295,3 k €	+2.4%	288,5 k €	+168%	107,5 k €	-20.5%	135,3 k €	+9.4%	123,6 k €	+43.3%	86,3 k €	+13.3%	76,1 k €	+40.6%	54,1 k €	-47.3%	102,8 k €	+5.8%	97,2 k €	+5.5%	92,1 k €	+36.2%	67,6 k €	+305%	16,7 k €	-46.2%	31,1 k €	+271%	8,4 k €	+235%	2,5 k €	-74.1%	9,6 k €
Net result	295,2 k €	-10.4%	329,6 k €	+4.5%	315,5 k €	+14.3%	276 k €	+2.7%	268,6 k €	+186%	93,8 k €	-25.1%	125,3 k €	+6.4%	117,8 k €	+51.5%	77,8 k €	+15.0%	67,6 k €	+47.6%	45,8 k €	-51.8%	94,9 k €	+7.1%	88,7 k €	+16.5%	76,1 k €	+37.2%	55,5 k €	+173%	20,3 k €	-41.2%	34,5 k €	+478%	6 k €	+74129%	-8,1 €	-100%	6,7 k €
Balance sheet
Equity	406,4 k €	+1.8%	399,1 k €	+0.9%	395,5 k €	+1.4%	390 k €	+1.7%	383,6 k €	+48.7%	257,9 k €	+26.1%	204,6 k €	+8.5%	188,6 k €	-4.2%	196,8 k €	+5.2%	187 k €	-4.2%	195,2 k €	-3.8%	203 k €	+0.5%	202,1 k €	+0.1%	201,9 k €	+25.6%	160,8 k €	+14.6%	140,3 k €	-10.2%	156,3 k €	-5.7%	165,8 k €	+3.7%	159,8 k €	-0.0%	159,8 k €
Total assets	1,2 M €	+4.7%	1,2 M €	-1.1%	1,2 M €	-4.8%	1,3 M €	-3.3%	1,3 M €	+16.7%	1,1 M €	+56.4%	716,6 k €	+23.1%	582,1 k €	+3.3%	563,5 k €	+11.3%	506,2 k €	-10.8%	567,2 k €	-12.1%	645,2 k €	-4.5%	675,8 k €	+2.5%	659,1 k €	-2.9%	679 k €	+29.0%	526,4 k €	+86.5%	282,2 k €	+28.7%	219,4 k €	-7.8%	237,9 k €	-3.3%	245,9 k €
Cash	89,3 k €	+23.6%	72,3 k €	-13.6%	83,6 k €	+67.5%	49,9 k €	-12.1%	56,8 k €	+10.9%	51,2 k €	-5.6%	54,2 k €	+11.3%	48,7 k €	+41.8%	34,4 k €	+17.5%	29,2 k €	-1.9%	29,8 k €	+85.3%	16,1 k €	-54.0%	34,9 k €	+81.5%	19,2 k €	-26.4%	26,1 k €	+74.4%	15 k €	-12.3%	17,1 k €	+103%	8,4 k €	-41.9%	14,5 k €	-23.2%	18,9 k €
Debts	841,4 k €	+6.1%	792,7 k €	-2.1%	809,8 k €	-7.5%	875,5 k €	-5.4%	925,3 k €	+7.2%	863,2 k €	+68.6%	512 k €	+30.1%	393,5 k €	+7.3%	366,7 k €	+14.9%	319,2 k €	-14.0%	371,4 k €	-16.0%	441,9 k €	-6.7%	473,7 k €	+3.7%	456,6 k €	-11.7%	517 k €	+34.1%	385,4 k €	+211%	124,1 k €	+137%	52,4 k €	-31.9%	76,9 k €	-10.1%	85,5 k €
Other
Workforce	9,6 ETP	+3.2%	9,3 ETP	+5.7%	8,8 ETP	-7.4%	9,5 ETP	-10.4%	10,6 ETP	+1.9%	10,4 ETP	-3.7%	10,8 ETP	+25.6%	8,6 ETP	-3.4%	8,9 ETP	-14.4%	10,4 ETP	+14.3%	9,1 ETP	+5.8%	8,6 ETP	-8.5%	9,4 ETP	-6.0%	10,0 ETP	+40.8%	7,1 ETP	+69.0%	4,2 ETP	+5.0%	4,0 ETP	+21.2%	3,3 ETP	-8.3%	3,6 ETP	+89.5%	1,9 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 · 8 ended

Active mandates

GABRENO

Director · 0877.053.808

Represented by Maud Xhonneux

Active

Ended mandates

GABRENO

Director · 0877.053.808

Represented by Gabriele Bühler

Ended

GABRENO

Manager · 0877.053.808

Represented by Gaby Bühler

Ended

GABRENO

Administrator - manager · 0877.053.808

Represented by René Xhonneux

Ended

GABRENO

Manager · 0877.053.808

Represented by René Xhonneux

Ended

At this address

Other companies at this address

Company	CBE no.
GABRENO● Active	0877.053.808

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	14/07/2026	22/07/2025	14/06/2024	08/06/2023	09/06/2022	20/07/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	29/05/2023	30/05/2022	31/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	14/07/2026	French	PDF
Abridged model	31/12/2024	26/05/2025	22/07/2025	French	PDF
Abridged model	31/12/2023	27/05/2024	14/06/2024	French	PDF
Abridged model	31/12/2022	29/05/2023	08/06/2023	French	PDF
Abridged model	31/12/2021	30/05/2022	09/06/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	30/07/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	18/06/2018	French	PDF
Abridged model	31/12/2016	29/05/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	08/08/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	01/08/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	26/07/2011	French	PDF
Abridged modelCorrection	31/12/2009	16/06/2010	01/07/2010	French	PDF
Abridged model	31/12/2009	16/06/2010	17/06/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	17/09/2009	French	PDF
Abridged model	31/12/2007	18/06/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	27/08/2007	French	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 · 8 ended

Active mandates

GABRENO

Director · 0877.053.808

Represented by Maud Xhonneux

Active

Ended mandates

GABRENO

Director · 0877.053.808

Represented by Gabriele Bühler

Ended

GABRENO

Manager · 0877.053.808

Represented by Gaby Bühler

Ended

GABRENO

Administrator - manager · 0877.053.808

Represented by René Xhonneux

Ended

GABRENO

Manager · 0877.053.808

Represented by René Xhonneux

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/08/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Restructuring26/05/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring17/03/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates10/09/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other18/10/2010
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025295,2 k €↓
2024
Annual accounts 2024329,6 k €↑
2023
Annual accounts 2023315,5 k €↑
2022
Annual accounts 2022276 k €↑
2021
Annual accounts 2021268,6 k €↑
2020
Annual accounts 202093,8 k €↓
2019
Annual accounts 2019125,3 k €↑
2018
Annual accounts 2018117,8 k €↑
2017
Annual accounts 201777,8 k €↑
2016
Annual accounts 201667,6 k €↑
2015
Annual accounts 201545,8 k €↓
2014
Annual accounts 201494,9 k €↑
2013
Annual accounts 201388,7 k €↑
2012
Annual accounts 201276,1 k €↑
2011
Annual accounts 201155,5 k €↑
2010
Annual accounts 201020,3 k €↓
2009
Annual accounts 200934,5 k €↑
2008
Annual accounts 20086 k €↑
2007
Annual accounts 2007-8,1 €↓
2006
Annual accounts 20066,7 k €
01/02/1991
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

MUTZHAGEN

Overview

What does MUTZHAGEN 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