ACTIVE

MAJAPAT

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Financial year 2025 · closed on 31/12/2025

Net result

7,1 k €

-19.1% YoY

Gross margin

46,4 k €

+1.6% YoY

Equity

529,6 k €

+1.4% YoY

What does MAJAPAT do?

MAJAPAT is a Private company with limited liability incorporated in 1997. Its main activity is: Activities of holding companies. Its registered office is in Maldegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.037.031

Incorporation

04/12/1997

Legal form

Private company with limited liability

Registered office

Stationsstraat 19
9990 Maldegem · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ 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	46,4 k €	+1.6%	45,7 k €	-10.9%	51,3 k €	+1.0%	50,7 k €	-15.1%	59,8 k €	+6.9%	55,9 k €	+18.7%	47,1 k €	-4.2%	49,2 k €	+2711%	-1,9 k €	-100%	437,8 k €	-7.8%	474,7 k €	+17.2%	405 k €	-11.1%	455,5 k €	-12.8%	522,1 k €	+3.8%	503,1 k €	+18.2%	425,5 k €	-26.8%	581,4 k €	-4.6%	609,2 k €	+40.1%	434,9 k €	-29.9%	620,4 k €
EBITDA	28,9 k €	+3.4%	27,9 k €	-10.7%	31,3 k €	-2.0%	31,9 k €	-4.0%	33,2 k €	-11.9%	37,7 k €	+26.1%	29,9 k €	+0.7%	29,7 k €	+179%	-37,7 k €	-140%	93,2 k €	-21.3%	118,5 k €	+971%	11,1 k €	-76.2%	46,5 k €	-50.1%	93,1 k €	+29.6%	71,8 k €	+233%	-54,2 k €	-162%	86,9 k €	-15.0%	102,2 k €	+664%	-18,1 k €	-109%	199,5 k €
Operating result	22,2 k €	-12.8%	25,4 k €	-11.1%	28,6 k €	-4.1%	29,8 k €	-4.3%	31,2 k €	-9.8%	34,6 k €	+18.8%	29,1 k €	+8.8%	26,7 k €	+152%	-51,9 k €	-197%	53,3 k €	-35.0%	82 k €	+223%	-66,5 k €	-734%	10,5 k €	-80.2%	52,9 k €	+682%	6,8 k €	+106%	-118 k €	-578%	24,7 k €	-33.6%	37,2 k €	+124%	-152,2 k €	-289%	80,5 k €
Net result	7,1 k €	-19.1%	8,8 k €	-32.3%	13 k €	-17.6%	15,8 k €	+32.5%	11,9 k €	-25.2%	15,9 k €	-11.2%	17,9 k €	+14.3%	15,7 k €	+128%	-56,6 k €	-206%	53,2 k €	-38.0%	85,8 k €	+153%	-162,2 k €	-2003%	8,5 k €	-71.4%	29,8 k €	-6.3%	31,8 k €	+132%	-98,3 k €	-271%	57,5 k €	-4.3%	60 k €	+219%	18,8 k €	-77.6%	83,9 k €
Balance sheet
Equity	529,6 k €	+1.4%	522,5 k €	+1.7%	513,7 k €	+2.6%	500,7 k €	+3.3%	484,9 k €	+2.5%	473 k €	+3.5%	457 k €	+4.1%	439,1 k €	+3.7%	423,4 k €	-48.3%	819,1 k €	+6.9%	765,8 k €	+12.6%	680 k €	-19.3%	842,2 k €	+1.0%	833,6 k €	+3.7%	803,8 k €	-35.9%	1,3 M €	-7.3%	1,4 M €	+4.4%	1,3 M €	+4.9%	1,2 M €	+1.5%	1,2 M €
Total assets	691,3 k €	-0.5%	694,7 k €	+1.4%	685 k €	-6.1%	729,3 k €	+2.9%	708,6 k €	-4.3%	740,7 k €	+2.8%	720,8 k €	+1.3%	711,3 k €	+6.5%	667,7 k €	-53.2%	1,4 M €	+5.3%	1,4 M €	+9.4%	1,2 M €	-14.8%	1,5 M €	+2.1%	1,4 M €	+4.5%	1,4 M €	-23.6%	1,8 M €	-5.7%	1,9 M €	+6.9%	1,8 M €	-4.7%	1,9 M €	+2.9%	1,8 M €
Cash	220,4 k €	+85.9%	118,5 k €	-10.3%	132,2 k €	-17.5%	160,3 k €	+22.2%	131,2 k €	-37.0%	208 k €	-18.1%	254,2 k €	-21.0%	321,6 k €	-6.0%	342,2 k €	-56.3%	783,8 k €	+6.6%	735,4 k €	+27.3%	577,7 k €	-13.4%	667,1 k €	+15.8%	575,9 k €	+0.3%	574 k €	-28.8%	805,8 k €	+14.7%	702,4 k €	+10.2%	637,5 k €	-27.3%	876,4 k €	+4.7%	837 k €
Debts	161,7 k €	-6.1%	172,2 k €	+0.5%	171,3 k €	-25.0%	228,6 k €	+2.2%	223,7 k €	-16.4%	267,7 k €	+1.5%	263,8 k €	-3.1%	272,2 k €	+11.4%	244,3 k €	-59.9%	609 k €	+3.1%	590,8 k €	+5.5%	559,8 k €	-8.8%	613,6 k €	+3.6%	592,2 k €	+5.6%	560,7 k €	+5.1%	533,4 k €	-1.7%	542,8 k €	+13.5%	478,2 k €	-23.5%	625,2 k €	+5.5%	592,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		7,1 ETP	0.0%	7,1 ETP	+6.0%	6,7 ETP	-15.2%	7,9 ETP	-4.8%	8,3 ETP	-5.7%	8,8 ETP	-2.2%	9,0 ETP	-2.2%	9,2 ETP	-15.6%	10,9 ETP	+3.8%	10,5 ETP	+12.9%	9,3 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 · 9 ended

Active mandates

Marian CLAEYS

Director · since 01 mars 2017

Active

Jan VAN HOESTENBERGHE

Director

Active

Ended mandates

Marian Claeys

Manager · since 29 mars 2017

Ended

Marian CLAEYS

Manager · since 01 mars 2017

Ended

Marianne Van Hoestenberghe

Director · since 28 mai 2010 · until 28 mai 2016

Ended

Jan Van Hoestenberghe

Managing director · since 20 juillet 2007 · until 28 mai 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Drukkerij-Uitgeverij Van Hoestenberghe● Active	0673.829.603

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	27/06/2025	22/07/2024	30/06/2023	29/06/2022	28/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	27/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	22/07/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	21/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	30/07/2007	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 31/12/2025 · 2 active · 9 ended

Active mandates

Marian CLAEYS

Director · since 01 mars 2017

Active

Jan VAN HOESTENBERGHE

Director

Active

Ended mandates

Marian Claeys

Manager · since 29 mars 2017

Ended

Marian CLAEYS

Manager · since 01 mars 2017

Ended

Marianne Van Hoestenberghe

Director · since 28 mai 2010 · until 28 mai 2016

Ended

Jan Van Hoestenberghe

Managing director · since 20 juillet 2007 · until 28 mai 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares26/04/2017
BENAMING - DOEL - KAPITAAL - AANDELEN
PDF
Restructuring27/02/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares23/12/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other15/04/2011
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates01/10/2007
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 20257,1 k €↓
2024
Annual accounts 20248,8 k €↓
2023
Annual accounts 202313 k €↓
2022
Annual accounts 202215,8 k €↑
2021
Annual accounts 202111,9 k €↓
2020
Annual accounts 202015,9 k €↓
2019
Annual accounts 201917,9 k €↑
2018
Annual accounts 201815,7 k €↑
2017
Annual accounts 2017-56,6 k €↓
2016
Annual accounts 201653,2 k €↓
2016
Name changeMAJAPAT
2015
Annual accounts 201585,8 k €↑
2014
Annual accounts 2014-162,2 k €↓
2013
Annual accounts 20138,5 k €↓
2012
Annual accounts 201229,8 k €↓
2011
Annual accounts 201131,8 k €↑
2010
Annual accounts 2010-98,3 k €↓
2009
Annual accounts 200957,5 k €↓
2008
Annual accounts 200860 k €↑
2007
Annual accounts 200718,8 k €↓
2006
Annual accounts 200683,9 k €
2006
Name changeDRUKKERIJ-UITGEVERIJ VAN HOESTENBERGHE
04/12/1997
IncorporationPrivate company with limited liability

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

MAJAPAT

Overview

What does MAJAPAT 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