ACTIVE

MAXNATH

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Financial year 2025 · closed on 31/03/2025

Net result

140,7 k €

+28.9% YoY

Gross margin

626,7 k €

+40.0% YoY

Equity

1,5 M €

+1.7% YoY

What does MAXNATH do?

MAXNATH is a Private company with limited liability incorporated in 2002. Its main activity is: Dental practice activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.883.375

Incorporation

19/02/2002

Legal form

Private company with limited liability

Registered office

Ledeganckkaai 15 box 1
2000 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

86230Dental practice activities· main 86230Dental practice activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	626,7 k €	+40.0%	447,7 k €	+40.7%	318,2 k €	+2.9%	309,2 k €	+62.9%	189,8 k €	+17.3%	161,8 k €	-23.1%	210,3 k €	-47.4%	400,1 k €	+85.4%	215,8 k €	+30.1%	165,9 k €	+42.1%	116,7 k €	-12.8%	133,9 k €	-10.9%	150,3 k €	+18.8%	126,5 k €	-29.9%	180,6 k €	-18.6%	221,9 k €	+87.5%	118,3 k €	+7.0%	110,6 k €
EBITDA	532,6 k €	+44.9%	367,7 k €	+48.8%	247,1 k €	-4.6%	259 k €	+84.0%	140,8 k €	+19.7%	117,6 k €	-26.4%	159,9 k €	-54.2%	349,3 k €	+93.1%	180,9 k €	+38.2%	130,9 k €	+49.4%	87,6 k €	-19.7%	109,1 k €	-15.2%	128,7 k €	+21.8%	105,7 k €	-33.4%	158,7 k €	+22.2%	129,9 k €	+28.1%	101,4 k €	-4.5%	106,1 k €
Operating result	231,8 k €	+35.6%	170,9 k €	+91.9%	89,1 k €	-25.0%	118,8 k €	+1678%	6,7 k €	+113%	-52,1 k €	-349%	20,9 k €	-91.8%	254,9 k €	+198%	85,5 k €	+499%	14,3 k €	+150%	-28,5 k €	-157%	-11,1 k €	-157%	19,4 k €	+132%	8,4 k €	-90.8%	90,9 k €	+58.3%	57,4 k €	+52.1%	37,8 k €	-43.0%	66,3 k €
Net result	140,7 k €	+28.9%	109,1 k €	-42.2%	188,9 k €	+103%	92,9 k €	+460%	-25,8 k €	+64.7%	-73,1 k €	-323%	32,7 k €	-84.3%	208,7 k €	+136%	88,3 k €	+2168%	-4,3 k €	+86.3%	-31,1 k €	-104%	792,6 k €	+11436%	-7 k €	+76.4%	-29,6 k €	-184%	35,1 k €	+607%	5 k €	-81.4%	26,8 k €	-36.7%	42,3 k €
Balance sheet
Equity	1,5 M €	+1.7%	1,5 M €	+25.7%	1,2 M €	+18.9%	999,2 k €	+3.5%	965,8 k €	-2.6%	991,6 k €	-6.9%	1,1 M €	+3.2%	1 M €	+22.4%	843,2 k €	+8.8%	774,9 k €	-0.5%	779,2 k €	-57.5%	1,8 M €	+76.1%	1 M €	-0.7%	1 M €	+973%	97,7 k €	+56.1%	62,6 k €	+8.6%	57,6 k €	+86.9%	30,8 k €
Total assets	3,4 M €	+9.2%	3,1 M €	+8.9%	2,9 M €	-5.0%	3 M €	+16.3%	2,6 M €	-12.7%	3 M €	+12.0%	2,7 M €	+23.6%	2,2 M €	-6.0%	2,3 M €	-3.6%	2,4 M €	-4.7%	2,5 M €	-6.3%	2,7 M €	+28.2%	2,1 M €	+0.8%	2,1 M €	+97.3%	1 M €	+0.8%	1 M €	+44.2%	719,4 k €	+37.2%	524,4 k €
Cash	27,8 k €	-92.5%	371,4 k €	+762%	43,1 k €	+73.3%	24,9 k €	-73.7%	94,5 k €	-63.9%	261,9 k €	+74.9%	149,8 k €	+7.5%	139,3 k €	-67.5%	428 k €	-12.3%	488,1 k €	-22.4%	628,7 k €	-19.7%	783 k €	+385%	161,3 k €	-24.6%	214 k €	-25.0%	285,3 k €	+13.2%	252,1 k €	+656%	33,4 k €	+30.4%	25,6 k €
Debts	1,7 M €	+18.4%	1,4 M €	-10.6%	1,6 M €	-16.9%	1,9 M €	+26.2%	1,5 M €	-19.1%	1,9 M €	+26.6%	1,5 M €	+45.4%	1 M €	-24.9%	1,4 M €	-10.2%	1,5 M €	-6.8%	1,6 M €	+118%	749,4 k €	-21.4%	953 k €	+2.3%	931,8 k €	+8.3%	860,6 k €	-3.0%	887,5 k €	+35.5%	654,9 k €	+34.0%	488,8 k €
Other
Workforce	–		–		–		–		1,2 ETP	+50.0%	0,8 ETP	-11.1%	0,9 ETP		–		0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP	+66.7%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 20 ended

Active mandates

Ali Tahmaseb

Director · since 28 juin 2013

Active

Ended mandates

Ali Tahmaseb

Managing director · since 17 août 2013 · until 17 août 2019

Ended

Martine Goeminne

Director · since 17 août 2013 · until 17 août 2019

Ended

Tandartspraktijk Tahmaseb

Director · since 17 août 2013 · until 17 août 2019

Represented by Ali Tahmaseb

Ended

Ali Tahmaseb

Manager · since 28 juin 2013

Ended

At this address

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M-AQUATRANS● Active	0470.934.604
OLIVERTWIST● Active	0776.409.972
Orinoco● Active	0447.987.867
Padamo● Active	1031.056.946
Tahmaseb Invest● Active	0502.658.651
WESLANDS FARM● Bankrupt	0747.517.434

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2019	01/04/2018
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2020	31/03/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/11/2025	30/11/2024	12/02/2024	02/11/2022	30/11/2020	27/11/2019
General meeting	30/09/2025	30/09/2024	30/10/2023	05/10/2022	30/10/2020	21/10/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	30/09/2025	24/11/2025	Dutch	PDF
Micro model	31/03/2024	30/09/2024	30/11/2024	Dutch	PDF
Micro model	31/03/2023	30/10/2023	12/02/2024	Dutch	PDF
Micro model	31/03/2022	05/10/2022	02/11/2022	Dutch	PDF
Abridged model	31/03/2020	30/10/2020	30/11/2020	Dutch	PDF
Abridged model	31/03/2019	21/10/2019	27/11/2019	Dutch	PDF
Abridged model	31/03/2018	31/10/2018	09/04/2019	Dutch	PDF
Micro model	31/03/2017	18/09/2017	30/11/2017	Dutch	PDF
Abridged model	31/03/2016	02/09/2016	26/10/2016	Dutch	PDF
Abridged model	31/03/2015	04/09/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	25/10/2014	30/10/2014	Dutch	PDF
Abridged model	31/03/2013	20/10/2013	18/11/2013	Dutch	PDF
Abridged model	31/03/2012	21/09/2012	19/10/2012	Dutch	PDF
Abridged model	31/03/2011	03/11/2011	14/11/2011	Dutch	PDF
Abridged model	31/03/2010	20/08/2010	29/10/2010	Dutch	PDF
Abridged model	31/03/2009	21/08/2009	18/09/2009	Dutch	PDF
Abridged model	31/03/2008	18/08/2008	27/11/2008	Dutch	PDF
Abridged model	31/03/2007	17/08/2007	24/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/03/2025 · 1 active · 20 ended

Active mandates

Ali Tahmaseb

Director · since 28 juin 2013

Active

Ended mandates

Ali Tahmaseb

Managing director · since 17 août 2013 · until 17 août 2019

Ended

Martine Goeminne

Director · since 17 août 2013 · until 17 août 2019

Ended

Tandartspraktijk Tahmaseb

Director · since 17 août 2013 · until 17 août 2019

Represented by Ali Tahmaseb

Ended

Ali Tahmaseb

Manager · since 28 juin 2013

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring22/12/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office24/12/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office25/04/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office26/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/12/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other10/08/2010
DIVERSEN
PDF
Capital / shares01/06/2010
KAPITAAL - AANDELEN
PDF
Mandates08/01/2010
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 2025140,7 k €↑
2024
Annual accounts 2024109,1 k €↓
2023
Annual accounts 2023188,9 k €↑
2022
Annual accounts 202292,9 k €↑
2020
Annual accounts 2020-25,8 k €↑
2019
Annual accounts 2019-73,1 k €↓
2018
Annual accounts 201832,7 k €↓
2017
Annual accounts 2017208,7 k €↑
2016
Annual accounts 201688,3 k €↑
2015
Annual accounts 2015-4,3 k €↑
2014
Annual accounts 2014-31,1 k €↓
2013
Annual accounts 2013792,6 k €↑
2012
Annual accounts 2012-7 k €↑
2011
Annual accounts 2011-29,6 k €↓
2010
Annual accounts 201035,1 k €↑
2009
Annual accounts 20095 k €↓
2008
Annual accounts 200826,8 k €↓
2007
Annual accounts 200742,3 k €
19/02/2002
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

MAXNATH

Overview

What does MAXNATH do?

Trend over 18 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