ACTIVE

MAJON

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

36,8 k €

-7.5% YoY

Gross margin

78,5 k €

-4.8% YoY

Equity

222 k €

-24.7% YoY

What does MAJON do?

MAJON is a Public limited company incorporated in 1994. Its main activity is: Retail sale of footwear and leather goods in specialised stores. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.731.968

Incorporation

26/01/1994

Legal form

Public limited company

Registered office

Avenue Prince Royal 16
1410 Waterloo · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47721Retail sale of footwear and leather goods in specialised stores· main 47721Retail sale of footwear and leather goods in specialised stores 52431Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	78,5 k €	-4.8%	82,4 k €	-1.4%	83,6 k €	+0.4%	83,2 k €	+0.3%	82,9 k €	+0.3%	82,7 k €	-0.3%	82,9 k €	+12.2%	73,9 k €	+65.3%	44,7 k €	+2.7%	43,5 k €	+45.4%	29,9 k €	-16.1%	35,6 k €	+14.0%	31,3 k €	-14.7%	36,6 k €	+35.1%	27,1 k €	-27.6%	37,5 k €	-1.7%	38,1 k €	-3.9%	39,7 k €	+5.5%	37,6 k €	-1.4%	38,1 k €
EBITDA	72,4 k €	-5.0%	76,2 k €	-2.0%	77,8 k €	-0.3%	78 k €	-0.5%	78,4 k €	+1.4%	77,3 k €	-2.8%	79,5 k €	+12.3%	70,9 k €	+79.1%	39,6 k €	+71.9%	23 k €	+389%	4,7 k €	-67.5%	14,5 k €	+3.7%	14 k €	-39.9%	23,2 k €	+33.7%	17,4 k €	-44.5%	31,3 k €	-13.4%	36,1 k €	-4.5%	37,9 k €	+5.8%	35,8 k €	-1.5%	36,3 k €
Operating result	53,7 k €	-7.4%	58 k €	+5.3%	55,1 k €	-0.5%	55,4 k €	+10.0%	50,3 k €	-9.9%	55,8 k €	-3.9%	58,1 k €	-5.3%	61,3 k €	+104%	30 k €	+118%	13,8 k €	+399%	-4,6 k €	-244%	3,2 k €	+19.3%	2,7 k €	-77.6%	12 k €	+84.5%	6,5 k €	-68.3%	20,6 k €	-35.7%	32 k €	-5.1%	33,7 k €	+6.6%	31,6 k €	-1.7%	32,2 k €
Net result	36,8 k €	-7.5%	39,8 k €	+5.6%	37,7 k €	+0.1%	37,6 k €	+10.2%	34,1 k €	-10.0%	37,9 k €	+2.4%	37 k €	-5.6%	39,2 k €	+117%	18,1 k €	+65.2%	10,9 k €	+356%	-4,3 k €	-238%	3,1 k €	+8.5%	2,9 k €	-61.8%	7,5 k €	+41.3%	5,3 k €	-64.5%	14,9 k €	-33.1%	22,3 k €	-3.0%	23 k €	+8.0%	21,3 k €	-1.0%	21,5 k €
Balance sheet
Equity	222 k €	-24.7%	294,9 k €	+0.9%	292,2 k €	-6.3%	311,8 k €	+13.7%	274,1 k €	+14.2%	240 k €	+18.8%	202,1 k €	+22.4%	165,1 k €	+31.2%	125,8 k €	+16.8%	107,8 k €	+11.3%	96,8 k €	-4.2%	101,1 k €	+3.2%	98 k €	+3.0%	95,2 k €	+8.5%	87,7 k €	+6.4%	82,4 k €	+22.1%	67,5 k €	+1.7%	66,3 k €	+1.8%	65,2 k €	+1.7%	64,1 k €
Total assets	287,4 k €	-28.3%	400,6 k €	+13.7%	352,4 k €	-20.1%	441,3 k €	+9.4%	403,5 k €	+9.5%	368,4 k €	+5.1%	350,5 k €	+57.8%	222,1 k €	+18.9%	186,8 k €	-13.5%	216 k €	+12.5%	192 k €	-22.7%	248,3 k €	+6.3%	233,6 k €	+5.6%	221,2 k €	+4.8%	211 k €	+5.4%	200,2 k €	+53.1%	130,8 k €	+8.9%	120,1 k €	-35.7%	186,6 k €	+56.7%	119,1 k €
Cash	1,8 k €	-98.2%	100,6 k €	+1703%	5,6 k €	-85.4%	38,1 k €	-34.4%	58 k €	+73.5%	33,5 k €	+3068%	1,1 k €	-99.1%	118,5 k €	+42.5%	83,1 k €	-22.5%	107,3 k €	+43.5%	74,8 k €	-38.6%	121,7 k €	+27.2%	95,7 k €	+25.3%	76,4 k €	+37.8%	55,4 k €	+41.2%	39,2 k €	-21.3%	49,8 k €	-9.2%	54,9 k €	+109%	26,3 k €	-41.2%	44,7 k €
Debts	65,3 k €	-38.2%	105,6 k €	+75.4%	60,2 k €	-53.5%	129,5 k €	+0.1%	129,4 k €	+0.8%	128,4 k €	-13.5%	148,4 k €	+160%	57 k €	-6.3%	60,8 k €	-43.7%	108 k €	+13.5%	95,2 k €	-35.4%	147,2 k €	+8.6%	135,6 k €	+7.6%	126 k €	+2.2%	123,3 k €	+4.7%	117,8 k €	+86.0%	63,3 k €	+17.8%	53,8 k €	-55.7%	121,5 k €	+121%	55 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,8 ETP	-11.1%	0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	+100%	0,4 ETP	-20.0%	0,5 ETP	+150%	0,2 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Marie Seeldrayers

Director · since 26 janvier 2006

Active

Michel Majon

Managing director · since 26 janvier 2006

Active

Ended mandates

MARIETTE SEELDRAYERS

Director · since 26 janvier 2006

Ended

Marie Seeldrayers

Director

Ended

MARIETTE SEELDRAYERS

Director

Ended

MICHEL MAJON

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
CENTRE DENTAIRE MEISER● Active	0473.501.144

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	18/06/2026	11/08/2025	23/05/2024	19/06/2023	29/06/2022	02/07/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	18/06/2026	French	PDF
Micro model	31/12/2024	16/05/2025	11/08/2025	French	PDF
Micro model	31/12/2023	17/05/2024	23/05/2024	French	PDF
Micro model	31/12/2022	19/05/2023	19/06/2023	French	PDF
Micro model	31/12/2021	20/05/2022	29/06/2022	French	PDF
Micro model	31/12/2020	21/05/2021	02/07/2021	French	PDF
Micro model	31/12/2019	15/05/2020	23/09/2020	French	PDF
Micro model	31/12/2018	17/05/2019	12/08/2019	French	PDF
Micro model	31/12/2017	18/05/2018	29/08/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	26/06/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	13/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	09/08/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	10/08/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	02/07/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	05/06/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	07/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 ended

Active mandates

Marie Seeldrayers

Director · since 26 janvier 2006

Active

Michel Majon

Managing director · since 26 janvier 2006

Active

Ended mandates

MARIETTE SEELDRAYERS

Director · since 26 janvier 2006

Ended

Marie Seeldrayers

Director

Ended

MARIETTE SEELDRAYERS

Director

Ended

MICHEL MAJON

Managing director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates29/06/2007
DEMISSIONS, NOMINATIONS
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 202536,8 k €↓
2024
Annual accounts 202439,8 k €↑
2023
Annual accounts 202337,7 k €↑
2022
Annual accounts 202237,6 k €↑
2021
Annual accounts 202134,1 k €↓
2020
Annual accounts 202037,9 k €↑
2019
Annual accounts 201937 k €↓
2018
Annual accounts 201839,2 k €↑
2017
Annual accounts 201718,1 k €↑
2016
Annual accounts 201610,9 k €↑
2015
Annual accounts 2015-4,3 k €↓
2014
Annual accounts 20143,1 k €↑
2013
Annual accounts 20132,9 k €↓
2012
Annual accounts 20127,5 k €↑
2011
Annual accounts 20115,3 k €↓
2010
Annual accounts 201014,9 k €↓
2009
Annual accounts 200922,3 k €↓
2008
Annual accounts 200823 k €↑
2007
Annual accounts 200721,3 k €↓
2006
Annual accounts 200621,5 k €
26/01/1994
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

MAJON

Overview

What does MAJON 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