ACTIVE

MH WORLDWIDE

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Financial year 2025 · closed on 31/12/2025

Net result

79,8 k €

-22.8% YoY

Gross margin

185,4 k €

-15.4% YoY

Equity

433 k €

-12.7% YoY

What does MH WORLDWIDE do?

MH WORLDWIDE is a Private limited company incorporated in 2003. Its registered office is in Wuustwezel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.979.061

Incorporation

07/04/2003

Legal form

Private limited company

Registered office

Akkerstraat 20
2990 Wuustwezel · FlandreSee on map

Latest accounts

31/12/2025

Joint committees (4)

100
1000
200
2000

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	185,4 k €	-15.4%	219 k €	+26.6%	173 k €	-34.3%	263,4 k €	+158%	102,2 k €	+87.2%	54,6 k €	-65.8%	159,7 k €	+145%	65,2 k €	-42.9%	114,1 k €	+88.4%	60,6 k €	-48.7%	118,1 k €	+8.7%	108,7 k €	+48.2%	73,3 k €	-4.0%	76,3 k €	+15.1%	66,3 k €	+144%	27,2 k €	-50.6%	55 k €	-13.0%	63,3 k €	+97.4%	32 k €	-37.8%	51,6 k €
EBITDA	138,6 k €	-20.2%	173,7 k €	+15.7%	150,2 k €	-38.3%	243,3 k €	+139%	101,8 k €	+89.4%	53,8 k €	-65.8%	157,3 k €	+147%	63,6 k €	-38.9%	104 k €	+73.8%	59,8 k €	-49.0%	117,3 k €	+9.2%	107,4 k €	+46.8%	73,2 k €	-1.7%	74,4 k €	+16.2%	64 k €	+148%	25,9 k €	-51.5%	53,4 k €	-13.3%	61,5 k €	+101%	30,6 k €	-40.2%	51,2 k €
Operating result	111,4 k €	-24.7%	147,9 k €	+21.6%	121,7 k €	-41.6%	208,4 k €	+200%	69,5 k €	+159%	26,8 k €	-79.2%	129,1 k €	+150%	51,5 k €	-54.2%	112,5 k €	+104%	55,1 k €	-50.9%	112,3 k €	+9.9%	102,2 k €	+51.1%	67,7 k €	+17.7%	57,5 k €	+56.9%	36,6 k €	+283%	9,6 k €	-77.6%	42,7 k €	-21.5%	54,3 k €	+138%	22,8 k €	-51.7%	47,2 k €
Net result	79,8 k €	-22.8%	103,3 k €	+20.4%	85,8 k €	-39.8%	142,6 k €	+177%	51,4 k €	+139%	21,5 k €	-76.0%	89,4 k €	+138%	37,6 k €	-47.9%	72,2 k €	+84.3%	39,2 k €	-46.6%	73,4 k €	+26.8%	57,9 k €	+2.2%	56,6 k €	+34.7%	42 k €	+52.1%	27,6 k €	+360%	6 k €	-70.7%	20,5 k €	-46.0%	38 k €	+119%	17,3 k €	-44.1%	31 k €
Balance sheet
Equity	433 k €	-12.7%	495,9 k €	+7.5%	461,4 k €	+0.4%	459,7 k €	+29.0%	356,3 k €	-23.8%	467,8 k €	-6.7%	501,2 k €	+21.7%	411,8 k €	-16.5%	493,1 k €	+17.2%	420,9 k €	+10.3%	381,7 k €	+23.8%	308,3 k €	+134%	131,7 k €	-36.4%	207,1 k €	+25.5%	165,1 k €	+20.1%	137,4 k €	+4.6%	131,4 k €	+18.5%	110,9 k €	+52.0%	73 k €	+31.2%	55,6 k €
Total assets	509,9 k €	-8.2%	555,7 k €	+0.9%	550,8 k €	-17.4%	667 k €	+37.0%	486,7 k €	-7.2%	524,3 k €	-10.7%	587,4 k €	+19.6%	491,2 k €	-11.7%	556,2 k €	+17.6%	472,8 k €	+13.5%	416,7 k €	+0.5%	414,7 k €	+32.9%	312 k €	+15.7%	269,6 k €	+20.4%	223,9 k €	+31.9%	169,8 k €	-0.4%	170,4 k €	+2.3%	166,6 k €	+71.8%	97 k €	-41.2%	164,9 k €
Cash	95,9 k €	-49.1%	188,3 k €	-3.7%	195,6 k €	+387%	40,2 k €	+20.7%	33,3 k €	-64.5%	93,7 k €	-68.6%	298,1 k €	-9.6%	329,8 k €	+4.1%	316,7 k €	+28.5%	246,4 k €	+7.3%	229,7 k €	-10.6%	256,8 k €	+8.8%	235,9 k €	+27.2%	185,4 k €	+42.4%	130,2 k €	+74.3%	74,7 k €	-4.8%	78,5 k €	-8.2%	85,5 k €	+110%	40,7 k €	-69.9%	135,1 k €
Debts	76,9 k €	+30.7%	58,9 k €	-34.2%	89,4 k €	-56.9%	207,2 k €	+158%	80,4 k €	+42.2%	56,5 k €	-34.4%	86,2 k €	+8.6%	79,3 k €	+25.6%	63,1 k €	+21.5%	52 k €	+48.4%	35 k €	-67.1%	106,3 k €	-41.0%	180,3 k €	+189%	62,5 k €	+54.9%	40,3 k €	+24.7%	32,3 k €	-17.1%	39 k €	-30.0%	55,7 k €	+189%	19,3 k €	-82.3%	109,1 k €

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 31/12/2025 · 1 active · 2 ended

Active mandates

Marc Herremans

Director · since 31 mars 2003

Active

Ended mandates

Marc Herremans

Director

Ended

Marc Herremans

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
X-OATS● Active	0784.943.695

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	14/07/2026	18/06/2025	20/06/2024	07/08/2023	30/08/2022	30/08/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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	02/06/2026	14/07/2026	Dutch	PDF
Micro model	31/12/2024	03/06/2025	18/06/2025	Dutch	PDF
Micro model	31/12/2023	04/06/2024	20/06/2024	Dutch	PDF
Micro model	31/12/2022	06/06/2023	07/08/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	24/07/2020	Dutch	PDF
Micro model	31/12/2018	04/06/2019	11/06/2019	Dutch	PDF
Micro model	31/12/2017	05/06/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	24/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	16/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	28/06/2007	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 31/12/2025 · 1 active · 2 ended

Active mandates

Marc Herremans

Director · since 31 mars 2003

Active

Ended mandates

Marc Herremans

Director

Ended

Marc Herremans

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares09/02/2018
KAPITAAL - AANDELEN
PDF
Other14/09/2017
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office30/01/2015
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares03/02/2014
KAPITAAL - AANDELEN
PDF
Registered office08/12/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other15/04/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202579,8 k €↓
2024
Annual accounts 2024103,3 k €↑
2023
Annual accounts 202385,8 k €↓
2022
Annual accounts 2022142,6 k €↑
2021
Annual accounts 202151,4 k €↑
2020
Annual accounts 202021,5 k €↓
2019
Annual accounts 201989,4 k €↑
2018
Annual accounts 201837,6 k €↓
2017
Annual accounts 201772,2 k €↑
2017
Name changeMH Worldwide
2016
Annual accounts 201639,2 k €↓
2015
Annual accounts 201573,4 k €↑
2014
Annual accounts 201457,9 k €↑
2013
Annual accounts 201356,6 k €↑
2012
Annual accounts 201242 k €↑
2011
Annual accounts 201127,6 k €↑
2010
Annual accounts 20106 k €↓
2009
Annual accounts 200920,5 k €↓
2008
Annual accounts 200838 k €↑
2007
Annual accounts 200717,3 k €↓
2006
Annual accounts 200631 k €
2006
Name changeMAD MAX
07/04/2003
IncorporationPrivate 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

MH WORLDWIDE

Overview

What does MH WORLDWIDE 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