ACTIVE

MAJA

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Financial year 2025 · closed on 31/12/2025
Net result
21,1 k €
-45.7% YoY
Equity
41 M €
+0.1% YoY

What does MAJA do?

MAJA is a Public limited company incorporated in 1995. Its registered office is in Etterbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0456.241.874
Incorporation
27/09/1995
Legal form
Public limited company
Registered office
Rue des Francs 79
1040 Etterbeek · BruxellesSee on map
Contributed capital
38 922 648,20 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
EBITDA-6,5 k €-8,4 k €-8,9 k €-9,7 k €-18,3 k €-10,7 k €-11,6 k €-14,1 k €-15,8 k €-24,6 k €-134,6 k €-33,1 k €-29,2 k €-16,1 k €-16,1 k €-270,2 k €-289,9 k €-20,3 k €
Operating result-6,5 k €7,5 k €-5,5 k €-11,6 k €-20,4 k €-13,2 k €-12,3 k €-14,7 k €-15,9 k €-24,6 k €-134,6 k €-33,1 k €-29,2 k €-16,1 k €-16,1 k €-270,2 k €-289,9 k €-20,3 k €
Net result21,1 k €38,9 k €25,7 k €19,5 k €-5 k €53,8 k €45,9 k €96,8 k €41,1 k €73,8 k €-38,8 k €74,4 k €-266,6 k €-126,9 k €160 k €-204,8 k €2,3 M €114,6 k €
Balance sheet
Equity41 M €40,9 M €40,9 M €40,9 M €40,8 M €41,1 M €41,1 M €41 M €40,9 M €40,9 M €40,8 M €40,9 M €41,2 M €41 M €41,1 M €41 M €41,2 M €38,9 M €
Total assets41 M €40,9 M €40,9 M €40,9 M €41 M €43,1 M €43,1 M €43 M €43 M €43 M €44,5 M €41,4 M €41,4 M €41,2 M €42,3 M €41,2 M €41,6 M €45,4 M €
Cash14,6 k €11,7 k €5,1 k €740,5 €13,4 k €8,5 k €36 k €15,1 k €54 k €67,4 k €57,9 k €23,9 k €67,7 k €18 k €1,3 M €1,7 M €2,3 M €67,6 k €
Debts6 k €518,1 €2,7 k €1,3 k €169 k €2 M €2 M €2 M €2 M €2,1 M €3,6 M €573,2 k €189,8 k €255,6 k €1,2 M €214 k €435,1 k €6,4 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 27 ended

Active mandates

H.I. INVEST

Managing director · since 26 juin 2024 · until 26 juin 2030 · 0438.072.784

Represented by François LE HODEY

Active
HYODE

Director · since 26 juin 2024 · until 26 juin 2030 · 0448.649.150

Represented by Patrice LE HODEY

Active
Margherite LE HODEY

Director · since 26 juin 2024 · until 26 juin 2030

Active
Philippe LE HODEY

Director · since 26 juin 2024 · until 26 juin 2030

Active

Ended mandates

H.I. INVEST

Managing director · since 29 juin 2018 · until 18 juin 2024 · 0438.072.784

Represented by François LE HODEY

Ended
H.I. INVEST

Managing director · since 29 juin 2018 · until 19 juin 2024 · 0438.072.784

Represented by LE HODEY François

Ended
HYODE

Director · since 29 juin 2018 · until 18 juin 2024 · 0448.649.150

Represented by Patrice LE HODEY

Ended
HYODE

Director · since 29 juin 2018 · until 19 juin 2024 · 0448.649.150

Represented by Patrice LE HODEY

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/08/202630/07/202508/07/202417/07/202331/08/202209/07/2021
General meeting15/07/202603/06/202518/06/202430/06/202330/06/202223/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/07/202625/08/2026FrenchPDF
Full model31/12/202403/06/202530/07/2025FrenchPDF
Full model31/12/202318/06/202408/07/2024FrenchPDF
Full model31/12/202230/06/202317/07/2023FrenchPDF
Full model31/12/202130/06/202231/08/2022FrenchPDF
Full model31/12/202023/06/202109/07/2021DutchPDF
Full model31/12/201924/06/202022/07/2020FrenchPDF
Full model31/12/201828/06/201916/07/2019FrenchPDF
Full model31/12/201729/06/201810/09/2018FrenchPDF
Full model31/12/201621/06/201723/06/2017FrenchPDF
Full model31/12/201515/06/201623/12/2016FrenchPDF
Full model31/12/201430/06/201507/07/2015FrenchPDF
Full model31/12/201325/09/201426/09/2014FrenchPDF
Full model31/12/201224/07/201316/09/2013FrenchPDF
Full model30/09/201125/04/201225/05/2012FrenchPDF
Full model30/09/201030/03/201108/07/2011FrenchPDF
Full model30/09/200920/06/201024/08/2010FrenchPDF
Full model30/09/200819/05/200916/06/2009FrenchPDF
Full model30/09/200714/03/200828/05/2008FrenchPDF
Full model30/09/200630/03/200704/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 4 active · 27 ended

Active mandates

H.I. INVEST

Managing director · since 26 juin 2024 · until 26 juin 2030 · 0438.072.784

Represented by François LE HODEY

Active
HYODE

Director · since 26 juin 2024 · until 26 juin 2030 · 0448.649.150

Represented by Patrice LE HODEY

Active
Margherite LE HODEY

Director · since 26 juin 2024 · until 26 juin 2030

Active
Philippe LE HODEY

Director · since 26 juin 2024 · until 26 juin 2030

Active

Ended mandates

H.I. INVEST

Managing director · since 29 juin 2018 · until 18 juin 2024 · 0438.072.784

Represented by François LE HODEY

Ended
H.I. INVEST

Managing director · since 29 juin 2018 · until 19 juin 2024 · 0438.072.784

Represented by LE HODEY François

Ended
HYODE

Director · since 29 juin 2018 · until 18 juin 2024 · 0448.649.150

Represented by Patrice LE HODEY

Ended
HYODE

Director · since 29 juin 2018 · until 19 juin 2024 · 0448.649.150

Represented by Patrice LE HODEY

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates07/08/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/10/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/05/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares29/10/2015
    CAPITAL, ACTIONS
    PDF
  • Mandates29/11/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office25/09/2013
    SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 202521,1 k €↓
  2. 2024
    Annual accounts 202438,9 k €↑
  3. 2023
    Annual accounts 202325,7 k €↑
  4. 2022
    Annual accounts 202219,5 k €↑
  5. 2021
    Annual accounts 2021-5 k €↓
  6. 2018
    Annual accounts 201853,8 k €↑
  7. 2017
    Annual accounts 201745,9 k €↓
  8. 2016
    Annual accounts 201696,8 k €↑
  9. 2015
    Annual accounts 201541,1 k €↓
  10. 2014
    Annual accounts 201473,8 k €↑
  11. 2013
    Annual accounts 2013-38,8 k €↓
  12. 2012
    Annual accounts 201274,4 k €↑
  13. 2011
    Annual accounts 2011-266,6 k €↓
  14. 2010
    Annual accounts 2010-126,9 k €↓
  15. 2009
    Annual accounts 2009160 k €↑
  16. 2008
    Annual accounts 2008-204,8 k €↓
  17. 2007
    Annual accounts 20072,3 M €↑
  18. 2006
    Annual accounts 2006114,6 k €
  19. 27/09/1995
    IncorporationPublic limited company