ACTIVE

MALUVER

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Financial year 2025 · closed on 30/12/2025

Net result

39,6 k €

+116.8% YoY

Gross margin

1,1 M €

+18.6% YoY

Equity

1 M €

+3.9% YoY

Workforce

1,3 ETP

-27.8% YoY

What does MALUVER do?

MALUVER is a Public limited company incorporated in 1993. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Gent. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.940.438

Incorporation

19/04/1993

Legal form

Public limited company

Registered office

Antwerpsesteenweg 460
9040 Gent · FlandreSee on map

Contributed capital

142 539,00 €

Latest accounts

30/12/2025

Average workforce

1,3 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	+18.6%	915,4 k €	-23.3%	1,2 M €	+5.2%	1,1 M €	-5.1%	1,2 M €	+27.6%	936 k €	+46.8%	637,5 k €	+9.3%	583,3 k €	-3.7%	605,5 k €	-9.8%	671,6 k €	+5.2%	638,4 k €	-40.4%	1,1 M €	+223%	331,9 k €	+1.3%	327,7 k €	+22.9%	266,7 k €	+37.1%	194,6 k €	-11.8%	220,6 k €	+25.6%	175,6 k €	+4.9%	167,4 k €
EBITDA	859,5 k €	+15.0%	747,3 k €	-28.0%	1 M €	+0.6%	1 M €	-5.6%	1,1 M €	+29.1%	846,1 k €	+53.2%	552,4 k €	+10.2%	501,2 k €	-4.2%	523 k €	-13.9%	607,1 k €	+5.9%	573,1 k €	-36.6%	903,9 k €	+262%	249,7 k €	-12.1%	284,1 k €	+10.7%	256,5 k €	+39.1%	184,4 k €	-12.9%	211,8 k €	+27.9%	165,5 k €	+3.8%	159,5 k €
Operating result	291,1 k €	+125%	129,1 k €	-70.6%	439,2 k €	+18.4%	371 k €	-27.2%	509,9 k €	+90.2%	268,1 k €	+162%	102,4 k €	-15.6%	121,4 k €	+8.7%	111,7 k €	-22.7%	144,5 k €	-44.7%	261,3 k €	+3.0%	253,8 k €	+153%	100,2 k €	+19.6%	83,8 k €	-42.3%	145,3 k €	+96.3%	74 k €	-31.1%	107,3 k €	+57.8%	68 k €	-2.5%	69,7 k €
Net result	39,6 k €	+117%	-235,4 k €	-562%	50,9 k €	-66.3%	151,2 k €	-62.5%	403,6 k €	+329%	94,1 k €	+4853%	1,9 k €	-86.2%	13,8 k €	-34.4%	21 k €	-62.3%	55,7 k €	-51.9%	115,7 k €	-6.6%	123,9 k €	+289%	31,8 k €	+29.7%	24,5 k €	-75.7%	100,9 k €	+608%	14,3 k €	-67.9%	44,4 k €	+7964%	551 €	-78.1%	2,5 k €
Balance sheet
Equity	1 M €	+3.9%	1 M €	-18.9%	1,2 M €	+4.3%	1,2 M €	+14.5%	1 M €	+63.1%	639,3 k €	+17.3%	545,2 k €	+0.3%	543,3 k €	+2.6%	529,6 k €	+4.1%	508,6 k €	+12.3%	452,9 k €	+34.3%	337,2 k €	+58.1%	213,3 k €	+22.8%	173,6 k €	+16.5%	149,1 k €	+210%	48,2 k €	+42.0%	33,9 k €	+422%	-10,5 k €	+5.0%	-11,1 k €
Total assets	7,9 M €	-17.1%	9,5 M €	-2.5%	9,7 M €	-4.5%	10,2 M €	+0.3%	10,2 M €	+18.1%	8,6 M €	+4.3%	8,3 M €	+5.6%	7,8 M €	+30.4%	6 M €	+9.6%	5,5 M €	+25.4%	4,4 M €	+9.7%	4 M €	+144%	1,6 M €	-19.5%	2 M €	+28.7%	1,6 M €	-3.5%	1,6 M €	-3.4%	1,7 M €	-2.9%	1,7 M €	+2.8%	1,7 M €
Cash	168,5 k €	+640%	22,8 k €	-37.5%	36,4 k €	-71.8%	129,2 k €	+361%	28 k €	+88.6%	14,9 k €	-28.1%	20,7 k €	-90.0%	205,9 k €	+588%	29,9 k €	-36.7%	47,2 k €	-20.9%	59,7 k €	+161%	22,8 k €	+16.1%	19,7 k €	-68.8%	63,1 k €	-46.9%	118,8 k €	+80.9%	65,7 k €	-21.8%	84 k €	+1598%	4,9 k €	-79.2%	23,8 k €
Debts	6,8 M €	-19.6%	8,4 M €	-0.3%	8,4 M €	-5.7%	8,9 M €	-1.9%	9,1 M €	+14.5%	8 M €	+3.1%	7,7 M €	+6.0%	7,3 M €	+33.1%	5,5 M €	+10.2%	5 M €	+26.9%	3,9 M €	+7.4%	3,6 M €	+165%	1,4 M €	-25.3%	1,8 M €	+29.2%	1,4 M €	-8.9%	1,6 M €	-5.5%	1,7 M €	-5.4%	1,7 M €	+2.7%	1,7 M €
Other
Workforce	1,3 ETP	-27.8%	1,8 ETP	+12.5%	1,6 ETP	+100%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-33.3%	1,2 ETP	-7.7%	1,3 ETP	+85.7%	0,7 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/12/2025 · 3 active

Active mandates

Esther Dhaenens

Director · since 05 avril 2004

Active

Jonas Dhaenens

Director · since 05 avril 2004

Active

Luc Dhaenens

Managing director · since 03 mai 1993

Active

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	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	28/07/2026	25/07/2025	05/08/2024	28/07/2023	17/08/2022	21/08/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	30/06/2022	24/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/12/2025	25/06/2026	28/07/2026	Dutch	PDF
Abridged model	30/12/2024	26/06/2025	25/07/2025	Dutch	PDF
Abridged model	30/12/2023	27/06/2024	05/08/2024	Dutch	PDF
Abridged model	30/12/2022	29/06/2023	28/07/2023	Dutch	PDF
Abridged model	30/12/2021	30/06/2022	17/08/2022	Dutch	PDF
Abridged model	30/12/2020	24/06/2021	21/08/2021	Dutch	PDF
Abridged model	30/12/2019	25/06/2020	31/07/2020	Dutch	PDF
Abridged model	30/12/2018	27/06/2019	29/07/2019	Dutch	PDF
Abridged model	30/12/2017	16/06/2018	30/07/2018	Dutch	PDF
Abridged model	30/12/2016	17/06/2017	24/07/2017	Dutch	PDF
Abridged model	30/12/2015	18/06/2016	01/08/2016	Dutch	PDF
Abridged model	30/12/2014	20/06/2015	03/08/2015	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	31/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	05/08/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	08/08/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	27/08/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/12/2025 · 3 active

Active mandates

Esther Dhaenens

Director · since 05 avril 2004

Active

Jonas Dhaenens

Director · since 05 avril 2004

Active

Luc Dhaenens

Managing director · since 03 mai 1993

Active

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Restructuring19/04/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring05/01/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/04/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other23/01/2014
BOEKJAAR
PDF
Mandates26/01/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2004
ONTSLAGEN - BENOEMINGEN - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 202539,6 k €↑
2024
Annual accounts 2024-235,4 k €↓
2023
Annual accounts 202350,9 k €↓
2022
Annual accounts 2022151,2 k €↓
2021
Annual accounts 2021403,6 k €↑
2020
Annual accounts 202094,1 k €↑
2019
Annual accounts 20191,9 k €↓
2018
Annual accounts 201813,8 k €↓
2017
Annual accounts 201721 k €↓
2016
Annual accounts 201655,7 k €↓
2015
Annual accounts 2015115,7 k €↓
2014
Annual accounts 2014123,9 k €↑
2012
Annual accounts 201231,8 k €↑
2011
Annual accounts 201124,5 k €↓
2010
Annual accounts 2010100,9 k €↑
2009
Annual accounts 200914,3 k €↓
2008
Annual accounts 200844,4 k €↑
2007
Annual accounts 2007551 €↓
2006
Annual accounts 20062,5 k €
19/04/1993
IncorporationPublic 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

MALUVER

Overview

What does MALUVER do?

Trend over 19 financial years

Indicative valuation

Board of directors

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