ACTIVE

MAWI

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Financial year 2025 · closed on 31/12/2025

Net result

88,3 k €

-41.2% YoY

Gross margin

290,7 k €

-19.8% YoY

Equity

829,9 k €

+11.9% YoY

Workforce

0,0 ETP

What does MAWI do?

MAWI is a Public limited company incorporated in 1993. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.049.802

Incorporation

01/10/1993

Legal form

Public limited company

Registered office

Sint-Bartholomeusstraat 25
2170 Antwerpen · FlandreSee on map

Contributed capital

81 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	290,7 k €	-19.8%	362,4 k €	+173%	132,6 k €	+76.8%	75 k €	-67.7%	232,1 k €	-0.3%	232,9 k €	+92.3%	121,1 k €	-2.3%	124 k €	-25.8%	167,2 k €	+25.5%	133,2 k €	+1.7%	131,1 k €	+6.6%	122,9 k €	+17.5%	104,6 k €	+8.5%	96,3 k €	-12.8%	110,4 k €
EBITDA	279,9 k €	-20.0%	349,7 k €	+194%	118,8 k €	+79.9%	66,1 k €	-69.7%	218,2 k €	-5.6%	231,1 k €	+94.6%	118,8 k €	+2.0%	116,5 k €	-24.8%	155 k €	+25.3%	123,7 k €	-1.7%	125,9 k €	+9.5%	115 k €	+13.9%	101 k €	+9.9%	91,9 k €	-13.6%	106,4 k €
Operating result	161,1 k €	-11.8%	182,7 k €	+693%	23 k €	+182%	-28,1 k €	-134%	82,7 k €	-17.9%	100,7 k €	+1902%	-5,6 k €	-169%	8,1 k €	-89.2%	74,5 k €	+91.5%	38,9 k €	+365%	8,4 k €	-82.3%	47,3 k €	+7.2%	44,2 k €	+52.5%	29 k €	-25.2%	38,7 k €
Net result	88,3 k €	-41.2%	150,2 k €	+2259%	-7 k €	+87.8%	-56,8 k €	-233%	42,6 k €	-24.2%	56,3 k €	+75.2%	32,1 k €	+95.4%	16,4 k €	-90.2%	167,8 k €	+2300%	7 k €	+192%	-7,6 k €	-163%	12 k €	-39.2%	19,8 k €	+648%	2,6 k €	-76.7%	11,4 k €
Balance sheet
Equity	829,9 k €	+11.9%	741,6 k €	+25.4%	591,4 k €	-2.5%	606,6 k €	+41.2%	429,7 k €	+11.0%	387,1 k €	+17.0%	330,9 k €	+10.7%	298,8 k €	+5.8%	282,3 k €	+146%	114,6 k €	+6.5%	107,6 k €	-6.6%	115,2 k €	+11.7%	103,1 k €	+23.8%	83,3 k €	+3.3%	80,7 k €
Total assets	2,3 M €	+19.5%	1,9 M €	+4.0%	1,8 M €	-4.9%	1,9 M €	+49.8%	1,3 M €	-8.5%	1,4 M €	+8.8%	1,3 M €	+31.1%	988,5 k €	-3.5%	1 M €	+24.7%	821,2 k €	-4.7%	861,9 k €	+45.7%	591,5 k €	-5.1%	623 k €	-0.2%	624,4 k €	-6.2%	665,9 k €
Cash	37 k €	-3.9%	38,5 k €	+56.3%	24,6 k €	-54.1%	53,7 k €	+40.9%	38,1 k €	-60.2%	95,9 k €	-4.0%	99,9 k €	+1141%	8 k €	-96.5%	231,4 k €	+2944%	7,6 k €	-66.7%	22,8 k €	+64.6%	13,9 k €	+69.0%	8,2 k €	-12.3%	9,4 k €	+80.5%	5,2 k €
Debts	1,5 M €	+24.3%	1,2 M €	-6.0%	1,2 M €	-6.0%	1,3 M €	+61.7%	817,1 k €	-15.9%	972 k €	+7.2%	907 k €	+39.7%	649,3 k €	-7.4%	700,8 k €	-0.8%	706,7 k €	-6.3%	754,3 k €	+58.4%	476,3 k €	-8.4%	519,9 k €	-3.9%	541 k €	-7.5%	585,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 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 · 2 active · 12 ended

Active mandates

Marianne Van De Walle

Director · since 23 avril 2023 · until 23 avril 2029

Active

Wim Verhoeven

Director · since 23 avril 2023 · until 23 avril 2029

Active

Ended mandates

Marianne Van de Walle

Managing director · since 25 avril 2023 · until 25 avril 2029

Ended

Wim Verhoeven

Managing director · since 25 avril 2023 · until 25 avril 2029

Ended

Marianne Van De Walle

Managing director · since 25 avril 2017 · until 28 avril 2023

Ended

Wim Verhoeven

Managing director · since 25 avril 2017 · until 28 avril 2023

Ended

At this address

Other companies at this address

Company	CBE no.
HPB Merksem● Active	0738.382.014
Medisch Huis Bartholomeus Immo● Active	0505.675.252
Medisch Kabinet Dr. Verhoeven Wim● Active	0634.557.667

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	07/04/2026	22/05/2025	25/04/2024	25/04/2023	01/03/2022	18/06/2021
General meeting	15/03/2026	07/05/2025	04/04/2024	25/04/2023	28/02/2022	27/04/2021
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	15/03/2026	07/04/2026	Dutch	PDF
Abridged model	31/12/2024	07/05/2025	22/05/2025	Dutch	PDF
Abridged model	31/12/2023	04/04/2024	25/04/2024	Dutch	PDF
Abridged model	31/12/2022	25/04/2023	25/04/2023	Dutch	PDF
Abridged model	31/12/2021	28/02/2022	01/03/2022	Dutch	PDF
Abridged model	31/12/2020	27/04/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/02/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	23/04/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	24/04/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	25/04/2017	30/05/2017	Dutch	PDF
Abridged model	31/12/2015	26/04/2016	29/04/2016	Dutch	PDF
Abridged model	31/12/2014	28/04/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	22/04/2014	28/04/2014	Dutch	PDF
Abridged model	31/12/2012	23/04/2013	24/04/2013	Dutch	PDF
Abridged model	31/12/2011	24/04/2012	25/04/2012	Dutch	PDF
Abridged model	31/12/2010	26/04/2011	16/05/2011	Dutch	PDF
Abridged model	31/12/2009	27/04/2010	25/05/2010	Dutch	PDF
Abridged model	31/12/2008	28/04/2009	07/05/2009	Dutch	PDF
Abridged model	31/12/2007	22/04/2008	29/04/2008	Dutch	PDF
Abridged model	31/12/2006	24/04/2007	25/05/2007	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

Marianne Van De Walle

Director · since 23 avril 2023 · until 23 avril 2029

Active

Wim Verhoeven

Director · since 23 avril 2023 · until 23 avril 2029

Active

Ended mandates

Marianne Van de Walle

Managing director · since 25 avril 2023 · until 25 avril 2029

Ended

Wim Verhoeven

Managing director · since 25 avril 2023 · until 25 avril 2029

Ended

Marianne Van De Walle

Managing director · since 25 avril 2017 · until 28 avril 2023

Ended

Wim Verhoeven

Managing director · since 25 avril 2017 · until 28 avril 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/09/2020
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring04/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates09/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2005
ONTSLAGEN - BENOEMINGEN
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 202588,3 k €↓
2024
Annual accounts 2024150,2 k €↑
2023
Annual accounts 2023-7 k €↑
2022
Annual accounts 2022-56,8 k €↓
2018
Annual accounts 201842,6 k €↓
2017
Annual accounts 201756,3 k €↑
2016
Annual accounts 201632,1 k €↑
2015
Annual accounts 201516,4 k €↓
2014
Annual accounts 2014167,8 k €↑
2013
Annual accounts 20137 k €↑
2012
Annual accounts 2012-7,6 k €↓
2011
Annual accounts 201112 k €↓
2010
Annual accounts 201019,8 k €↑
2009
Annual accounts 20092,6 k €↓
2008
Annual accounts 200811,4 k €
01/10/1993
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

MAWI

Overview

What does MAWI do?

Trend over 15 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