ACTIVE

Mazal

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Financial year 2025 · Closed on 30/06/2025

Net result-15,7 k €+78,4 %over 1 year

Revenue871,4 k €-9,7 %over 1 year

Equity59,5 k €-25,0 %over 1 year

Workforce12,6 ETP+5,0 %over 1 year

Identity

Source · BCE/KBO

Mazal is a Non-profit organization incorporated in 1995. Its main activity is: Performing arts. Its registered office is in Ixelles. It employs on average 12,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0455.636.714
Incorporation: 20/02/1995
Legal form: Non-profit organization
Registered office: Galerie de la Toison d'Or 396 box 3
1050 Ixelles · Bruxelles
Latest accounts: 30/06/2025
Average workforce: 12,6 ETP

Activities (NACE)

90012Performing arts· main 90031Artistic creation 90111Creative, arts and entertainment activities 90202Creative, arts and entertainment activities

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	871,4 k €	-9.7%	964,7 k €	+6.7%	904 k €	-28.0%	1,3 M €	+400%	251,3 k €
EBITDA	70 k €	+145%	-156,8 k €	-6898%	-2,2 k €	+95.9%	-54,7 k €	-187%	63 k €
Operating result	8,9 k €	+104%	-215,6 k €	-200%	-71,9 k €	+43.4%	-127,1 k €	-1814%	-6,6 k €
Net result	-15,7 k €	+78.4%	-72,8 k €	-602%	-10,4 k €	-195%	10,9 k €	+135%	-31,4 k €
Balance sheet
Equity	59,5 k €	-25.0%	79,3 k €	-49.2%	156,3 k €	-8.5%	170,8 k €	+39.9%	122,1 k €
Total assets	1,2 M €	-14.3%	1,4 M €	+14.8%	1,2 M €	-18.7%	1,5 M €	-0.0%	1,5 M €
Cash	256,4 k €	-2.5%	262,9 k €	+81.3%	145 k €	+25.3%	115,7 k €	-61.5%	300,5 k €
Debts	699,9 k €	-18.7%	861,2 k €	+11.7%	771,2 k €	-22.6%	996,3 k €	+4.4%	953,9 k €
Other
Workforce	12,6 ETP	+5.0%	12,0 ETP	+4.3%	11,5 ETP	-95.7%	266,4 ETP	+2734%	9,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joelle Maison	MandateDirector28/11/2018 → 27/11/2020ended
Albert Maizel	MandateManaging director26/11/2005 → 2021 accountsended
Christian MERCKX	Mandate
Lucrece VERHULTS	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isodore Halbertal	Director01/01/2019 → 31/12/2020
Brigitte Uffner	Director26/11/2005 → 2018 accounts
Viviane Bergman	Director26/11/2005 → 2018 accounts

Other companies at this address

Galerie de la Toison d'Or 396 1050 Ixelles

Company	CBE no.
D.H.S.CONSULTING● Active	0895.682.954
IMMO BOBO● Active	0718.714.570

Full financial information

Source · NBB

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	20/12/2024	29/01/2024	16/01/2023	21/01/2022	27/01/2021
General meeting	03/11/2025	15/11/2024	15/11/2023	12/10/2022	09/12/2021	03/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	03/11/2025	29/01/2026	French	PDF
Abridged model	30/06/2024	15/11/2024	20/12/2024	French	PDF
Abridged model	30/06/2023	15/11/2023	29/01/2024	French	PDF
Abridged model	30/06/2022	12/10/2022	16/01/2023	French	PDF
Abridged model	30/06/2021	09/12/2021	21/01/2022	French	PDF
Abridged model	30/06/2020	03/12/2020	27/01/2021	French	PDF
Abridged model	30/06/2019	20/02/2020	20/03/2020	French	PDF
Abridged model	30/06/2018	14/11/2018	20/12/2018	French	PDF
Abridged model	30/06/2017	06/10/2017	29/01/2018	French	PDF
Abridged model	30/06/2016	07/10/2016	03/04/2017	French	PDF
Abridged model	30/06/2015	02/10/2015	03/04/2017	French	PDF
Abridged model	30/06/2014	15/10/2014	03/04/2017	French	PDF
Abridged model	30/06/2013	15/10/2013	01/11/2013	French	PDF
Abridged model	30/06/2012	01/10/2012	07/11/2012	French	PDF
Abridged model	30/06/2011	15/10/2011	28/11/2011	French	PDF
Abridged model	30/06/2010	30/06/2010	06/01/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	19/12/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	23/09/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	01/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Board of directors

Source · NBB, accounts to 30/06/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Joelle Maison	MandateDirector28/11/2018 → 27/11/2020ended
Albert Maizel	MandateManaging director26/11/2005 → 2021 accountsended
Christian MERCKX	Mandate
Lucrece VERHULTS	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isodore Halbertal	Director01/01/2019 → 31/12/2020
Brigitte Uffner	Director26/11/2005 → 2018 accounts
Viviane Bergman	Director26/11/2005 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/03/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2019
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/12/2013
Dénomination
PDF
Mandates04/06/2012
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other15/02/2010
PV de L'AG du 14/12/2009; Annule et remplace le titreVI, 19.
PDF
Mandates29/12/2005
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Albert MAIZEL

Joelle MAISON

Lucrece VERHULTS

Christian MERCKX

Isodore Halbertal

Vivianne Bergman

Viviane Bergman

Brigitte Uffner

Eric DOMB

19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Mazal

Galerie de la Toison d'Or 396 bte 3, 1050 Ixelles

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Galerie de la Toison d'Or 396 bte 3, 1050 IxellesCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00023767

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MazalCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00023767

Events

2025
Annual accounts 2025-15,7 k €↑
2024
Annual accounts 2024-72,8 k €↓
2023
Annual accounts 2023-10,4 k €↓
2022
Annual accounts 202210,9 k €↑
2021
Annual accounts 2021-31,4 k €↓
2020
Annual accounts 2020-1,5 k €↓
2019
Annual accounts 2019-459,4 €↓
2018
Annual accounts 20182,9 k €↓
2017
Annual accounts 20175 k €↓
2016
Annual accounts 201614,4 k €↓
2015
Annual accounts 201528,5 k €↑
2014
Annual accounts 201424 k €↑
2013
Annual accounts 201319,5 k €↓
2012
Annual accounts 201263,1 k €↑
2011
Annual accounts 201117,6 k €↑
2010
Annual accounts 2010-30,5 k €↓
2009
Annual accounts 2009-24 k €↓
2008
Annual accounts 20088 k €↓
2007
Annual accounts 200711,8 k €
20/02/1995
IncorporationNon-profit organization

Mazal

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events