ACTIVE

MHK BELGIUM

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result865,9 k €-1,7 %over 1 year

Gross margin2 M €+17,6 %over 1 year

Equity3,2 M €-25,9 %over 1 year

Workforce6,7 ETP-1,5 %over 1 year

Identity

Source · BCE/KBO

MHK BELGIUM is a Public limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Eupen. It employs on average 6,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0461.819.572
Incorporation: 03/11/1997
Legal form: Public limited company
Registered office: Werthplatz 13
4700 Eupen · WallonieSee on map
Contributed capital: 61 973,38 €
Latest accounts: 31/12/2025
Average workforce: 6,7 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities 74142Specialised design activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2 M €	+17.6%	1,7 M €	+19.3%	1,5 M €	-17.8%	1,8 M €	-3.0%	1,8 M €
EBITDA	1,1 M €	+23.7%	873,6 k €	+29.4%	675 k €	-33.0%	1 M €	-3.5%	1 M €
Operating result	1,1 M €	+3.8%	1 M €	+38.2%	738,5 k €	-19.1%	912,5 k €	+2.1%	893,4 k €
Net result	865,9 k €	-1.7%	880,9 k €	+48.0%	595,2 k €	-7.4%	642,8 k €	+6.2%	605 k €
Balance sheet
Equity	3,2 M €	-25.9%	4,4 M €	+1.9%	4,3 M €	-0.1%	4,3 M €	+8.6%	4 M €
Total assets	10,1 M €	+3.8%	9,8 M €	+2.6%	9,5 M €	-10.4%	10,6 M €	+14.6%	9,3 M €
Cash	6,9 M €	-22.9%	8,9 M €	+5.8%	8,4 M €	-3.2%	8,7 M €	+14.5%	7,6 M €
Debts	6,1 M €	+32.4%	4,6 M €	+7.3%	4,3 M €	-19.3%	5,3 M €	+20.9%	4,4 M €
Other
Workforce	6,7 ETP	-1.5%	6,8 ETP	0.0%	6,8 ETP	+6.2%	6,4 ETP	-3.0%	6,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Asbeek BRUSSE

Managing director · since 01 février 2026 · until 11 mai 2032

Active

Volker KLODWIG

Director · since 16 octobre 2023 · until 08 mai 2029

Active

Ended mandates

Jeroen GEERLING

Managing director · since 16 octobre 2023 · until 08 mai 2029

Ended

Volker KLODWIG

Managing director · since 31 mars 2023

Ended

Werner HEILOS

Managing director · since 01 juillet 2019 · until 30 juin 2025

Ended

Werner HEILOS

Managing director · since 01 juillet 2019

Ended

Other companies at this address

Werthplatz 13 4700 Eupen

Company	CBE no.
CHATEAU VILLARLONG● Active	0430.348.715
MEDIVITA● Active	0776.592.391
NATURSTEIN GESELLSCHAFT● Active	0405.845.129
PMJP● Active	0434.342.343

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	01/01/2025	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	21/08/2026	30/07/2025	19/08/2024	28/06/2023	29/08/2022	28/07/2021
General meeting	30/06/2026	30/06/2025	04/06/2024	30/05/2023	10/05/2022	11/05/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	21/08/2026	German	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	German	PDF
Abridged modelCorrection	31/12/2023	04/06/2024	19/08/2024	German	PDF
Abridged model	31/12/2023	04/06/2024	04/07/2024	German	PDF
Abridged model	31/12/2022	30/05/2023	28/06/2023	German	PDF
Abridged model	31/12/2021	10/05/2022	29/08/2022	German	PDF
Abridged model	31/12/2020	11/05/2021	28/07/2021	German	PDF
Abridged model	31/12/2019	21/07/2020	04/08/2020	German	PDF
Abridged model	31/12/2018	14/05/2019	12/06/2019	German	PDF
Abridged model	31/12/2017	14/05/2018	04/06/2018	German	PDF
Abridged model	31/12/2016	30/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	10/05/2016	31/08/2016	French	PDF
Abridged modelCorrection	31/12/2014	12/05/2015	02/10/2015	French	PDF
Abridged model	31/12/2014	12/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	25/08/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	27/09/2013	30/09/2013	French	PDF
Abridged model	31/12/2011	26/09/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	26/09/2011	29/09/2011	French	PDF
Abridged model	31/12/2009	17/09/2010	24/09/2010	French	PDF
Abridged model	31/12/2008	10/10/2009	22/10/2009	French	PDF
Abridged model	31/12/2007	16/09/2008	10/10/2008	French	PDF
Abridged model	31/12/2006	04/10/2007	29/10/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Asbeek BRUSSE

Managing director · since 01 février 2026 · until 11 mai 2032

Active

Volker KLODWIG

Director · since 16 octobre 2023 · until 08 mai 2029

Active

Ended mandates

Jeroen GEERLING

Managing director · since 16 octobre 2023 · until 08 mai 2029

Ended

Volker KLODWIG

Managing director · since 31 mars 2023

Ended

Werner HEILOS

Managing director · since 01 juillet 2019 · until 30 juin 2025

Ended

Werner HEILOS

Managing director · since 01 juillet 2019

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/02/2026
ENTLASSUNG - ERNENNUNG
PDF
Mandates02/02/2024
ENTLASSUNG - ERNENNUNG
PDF
Other23/11/2023
VERSCHIEDENES
PDF
Mandates14/04/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates09/12/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - ENTLASSUNG - ERNENNUNG
PDF
Mandates08/01/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office20/03/2018
SIEGE SOCIAL
PDF
Mandates06/04/2017
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025865,9 k €↓
2024
Annual accounts 2024880,9 k €↑
2023
Annual accounts 2023595,2 k €↓
2022
Annual accounts 2022642,8 k €↑
2021
Annual accounts 2021605 k €↑
2020
Annual accounts 2020493,4 k €↑
2019
Annual accounts 2019155,1 k €↓
2018
Annual accounts 2018215,4 k €↓
2017
Annual accounts 2017268,2 k €↑
2016
Annual accounts 2016266,5 k €↑
2015
Annual accounts 2015252 k €↑
2014
Annual accounts 2014166,3 k €↓
2013
Annual accounts 2013280,6 k €↓
2012
Annual accounts 2012968,6 k €↑
2011
Annual accounts 2011375,6 k €↑
2010
Annual accounts 2010370,3 k €↓
2009
Annual accounts 2009387,5 k €↓
2008
Annual accounts 2008410,2 k €
03/11/1997
IncorporationPublic limited company

MHK BELGIUM

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