ACTIVE

M.H.B.

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Financial year 2025 · closed on 30/09/2025

Net result

-48,1 k €

+45.4% YoY

Gross margin

44,7 k €

+99.8% YoY

Equity

406 k €

-14.0% YoY

Workforce

0,2 ETP

0.0% YoY

What does M.H.B. do?

M.H.B. is a Public limited company incorporated in 1997. Its main activity is: Agents involved in the sale of timber and building materials. Its registered office is in Dessel. It employs on average 0,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.925.093

Incorporation

24/06/1997

Legal form

Public limited company

Registered office

Kantstraat 14
2480 Dessel · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Average workforce

0,2 ETP

Activities (NACE)

46130Agents involved in the sale of timber and building materials· main 46130Agents involved in the sale of timber and building materials 46732Wholesale of wood, construction materials and sanitary equipment 46832Wholesale trade, except of motor vehicles and motorcycles 51130Passenger air transport

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	44,7 k €	+99.8%	22,4 k €	-82.3%	126,7 k €	-65.4%	366,6 k €	+80.8%	202,8 k €	+130%	88,1 k €	+53.6%	57,4 k €	-30.7%	82,8 k €	+26.5%	65,4 k €	-32.7%	97,2 k €	+28.0%	75,9 k €	-62.7%	203,3 k €	+27.2%	159,8 k €	-18.7%	196,6 k €	-25.9%	265,2 k €	+63.1%	162,6 k €	+5.4%	154,2 k €	-1.5%	156,5 k €	-7.0%	168,3 k €
EBITDA	27,3 k €	+701%	3,4 k €	-97.0%	112,1 k €	-68.7%	358,6 k €	+81.3%	197,8 k €	+139%	82,8 k €	+58.3%	52,3 k €	+1.4%	51,6 k €	-16.3%	61,6 k €	-31.8%	90,3 k €	+124%	40,3 k €	-72.1%	144,3 k €	+34.5%	107,3 k €	-22.4%	138,2 k €	-35.4%	214,1 k €	+45.9%	146,7 k €	-3.0%	151,3 k €	-0.3%	151,8 k €	-6.4%	162,1 k €
Operating result	-48,3 k €	+47.1%	-91,3 k €	-291%	47,8 k €	-84.7%	312,5 k €	+98.2%	157,7 k €	+277%	41,9 k €	+136%	17,8 k €	+505%	-4,4 k €	-158%	7,5 k €	-59.5%	18,6 k €	+143%	-43,5 k €	-181%	53,9 k €	+72.7%	31,2 k €	-46.9%	58,7 k €	-55.8%	133 k €	+151%	52,9 k €	-15.5%	62,5 k €	-13.6%	72,4 k €	-20.2%	90,8 k €
Net result	-48,1 k €	+45.4%	-88,1 k €	-368%	32,8 k €	-86.1%	235,9 k €	+59.4%	148 k €	+320%	35,2 k €	+95.8%	18 k €	+340%	4,1 k €	-37.4%	6,5 k €	-13.1%	7,5 k €	-84.1%	47,3 k €	+81.1%	26,1 k €	+103%	12,9 k €	-55.6%	29 k €	-61.2%	74,9 k €	+213%	23,9 k €	-22.2%	30,8 k €	-40.0%	51,2 k €	-24.8%	68,2 k €
Balance sheet
Equity	406 k €	-14.0%	472,1 k €	-16.3%	564,3 k €	-25.0%	752,2 k €	+43.6%	523,8 k €	+30.0%	403 k €	+9.6%	367,8 k €	+5.1%	349,8 k €	+1.2%	345,7 k €	+1.9%	339,2 k €	+2.3%	331,7 k €	+16.6%	284,4 k €	-7.3%	306,9 k €	0.0%	306,9 k €	+10.4%	277,9 k €	0.0%	277,9 k €	0.0%	277,9 k €	+12.4%	247,1 k €	+0.0%	247,1 k €
Total assets	525,1 k €	-14.2%	611,8 k €	-21.6%	780,2 k €	-16.8%	937,3 k €	+0.4%	933,2 k €	+57.8%	591,5 k €	+4.2%	567,9 k €	-10.6%	635,1 k €	+3.7%	612,3 k €	-4.9%	644 k €	-2.8%	662,8 k €	-13.5%	766,3 k €	+37.6%	556,9 k €	-26.7%	760,1 k €	+25.3%	606,7 k €	+0.4%	604,5 k €	+16.5%	518,9 k €	-18.3%	635,2 k €	+23.0%	516,3 k €
Cash	51,9 k €	-47.9%	99,8 k €	-74.5%	391,8 k €	-24.4%	518 k €	+103%	255,4 k €	+27.2%	200,7 k €	-24.4%	265,3 k €	+236%	79 k €	-56.1%	180 k €	-28.8%	252,9 k €	+106%	122,7 k €	-33.8%	185,4 k €	+114%	86,6 k €	+43.6%	60,3 k €	-60.4%	152,2 k €	+21.5%	125,2 k €	+0.6%	124,5 k €	+31.7%	94,5 k €	+2126%	4,2 k €
Debts	118,7 k €	-14.8%	139,3 k €	-35.4%	215,6 k €	+17.7%	183,3 k €	-55.2%	409,3 k €	+119%	186,8 k €	-6.6%	200,1 k €	-29.8%	285 k €	+6.9%	266,5 k €	-12.5%	304,5 k €	-8.0%	331,1 k €	-31.3%	481,9 k €	+92.7%	250 k €	-44.8%	453,2 k €	+38.0%	328,5 k €	+0.6%	326,6 k €	+35.5%	241,1 k €	-37.9%	388 k €	+44.2%	269,2 k €
Other
Workforce	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	+100%	0,1 ETP		–		–		–		–		–		–		0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 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 30/09/2025 · 3 active · 20 ended

Active mandates

Claudie Mermans

Director · since 04 avril 2023 · until 30 avril 2029

Active

Margo Cools

Director · since 04 avril 2023 · until 30 mars 2029

Active

Pieter Mermans

Afgevaardigd Bestuurder · since 04 avril 2023 · until 30 avril 2029

Active

Ended mandates

Claudie Mermans

Director · since 26 septembre 2020 · until 25 septembre 2026

Ended

Margo Cools

Director · since 26 septembre 2020 · until 25 septembre 2026

Ended

Pieter Mermans

Afgevaardigd Bestuurder · since 26 septembre 2020 · until 25 septembre 2026

Ended

Claudie Mermans

Director · since 25 septembre 2014 · until 25 septembre 2020

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/04/2026	29/04/2025	26/04/2024	26/04/2023	31/03/2022	30/04/2021
General meeting	27/03/2026	28/03/2025	29/03/2024	31/03/2023	25/03/2022	26/03/2021
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	30/09/2025	27/03/2026	24/04/2026	Dutch	PDF
Abridged model	30/09/2024	28/03/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	29/03/2024	26/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	26/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	31/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	27/03/2020	29/04/2020	Dutch	PDF
Abridged model	30/09/2018	29/03/2019	26/04/2019	Dutch	PDF
Abridged model	30/09/2017	30/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	04/04/2017	Dutch	PDF
Abridged model	30/09/2015	25/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	29/04/2014	Dutch	PDF
Abridged model	30/09/2012	29/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	26/04/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	30/03/2011	Dutch	PDF
Abridged model	30/09/2009	26/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	27/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	28/03/2008	16/10/2008	Dutch	PDF
Abridged model	30/09/2006	30/03/2007	30/03/2007	Dutch	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 30/09/2025 · 3 active · 20 ended

Active mandates

Claudie Mermans

Director · since 04 avril 2023 · until 30 avril 2029

Active

Margo Cools

Director · since 04 avril 2023 · until 30 mars 2029

Active

Pieter Mermans

Afgevaardigd Bestuurder · since 04 avril 2023 · until 30 avril 2029

Active

Ended mandates

Claudie Mermans

Director · since 26 septembre 2020 · until 25 septembre 2026

Ended

Margo Cools

Director · since 26 septembre 2020 · until 25 septembre 2026

Ended

Pieter Mermans

Afgevaardigd Bestuurder · since 26 septembre 2020 · until 25 septembre 2026

Ended

Claudie Mermans

Director · since 25 septembre 2014 · until 25 septembre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates02/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/10/2014
KAPITAAL - AANDELEN
PDF
Other04/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/04/2008
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 2025-48,1 k €↑
2024
Annual accounts 2024-88,1 k €↓
2023
Annual accounts 202332,8 k €↓
2022
Annual accounts 2022235,9 k €↑
2021
Annual accounts 2021148 k €↑
2020
Annual accounts 202035,2 k €↑
2019
Annual accounts 201918 k €↑
2018
Annual accounts 20184,1 k €↓
2017
Annual accounts 20176,5 k €↓
2016
Annual accounts 20167,5 k €↓
2015
Annual accounts 201547,3 k €↑
2014
Annual accounts 201426,1 k €↑
2013
Annual accounts 201312,9 k €↓
2012
Annual accounts 201229 k €↓
2011
Annual accounts 201174,9 k €↑
2010
Annual accounts 201023,9 k €↓
2009
Annual accounts 200930,8 k €↓
2008
Annual accounts 200851,2 k €↓
2007
Annual accounts 200768,2 k €
24/06/1997
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

M.H.B.

Overview

What does M.H.B. 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