ACTIVE

MHD

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Financial year 2025 · closed on 31/12/2025

Net result

67,7 k €

+2.7% YoY

Gross margin

571,6 k €

-13.8% YoY

Equity

356,2 k €

+0.1% YoY

What does MHD do?

MHD is a Private limited company incorporated in 2012. Its main activity is: Joinery installation. Its registered office is in Izegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0500.534.549

Incorporation

19/10/2012

Legal form

Private limited company

Registered office

Zandstraat 8
8870 Izegem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 43230Electrical, plumbing and other construction installation activities 43291Other construction installation 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores+4

Joint committees (1)

12400

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	571,6 k €	-13.8%	662,9 k €	+14.9%	577,1 k €	+24.1%	464,9 k €	+2.8%	452,2 k €	+89.0%	239,3 k €	+147%	96,9 k €	+48.4%	65,3 k €	-25.3%	87,5 k €	+983%	-9,9 k €	-222%	8,1 k €	-78.1%	36,9 k €
EBITDA	278,4 k €	-4.2%	290,5 k €	+31.9%	220,3 k €	+17.6%	187,4 k €	-30.0%	267,5 k €	+83.6%	145,7 k €	+52.1%	95,8 k €	+49.4%	64,1 k €	-20.1%	80,3 k €	+869%	-10,4 k €	-231%	8 k €	-78.3%	36,8 k €
Operating result	153,7 k €	+3.1%	149 k €	+82.1%	81,8 k €	+70.7%	47,9 k €	-75.6%	196,6 k €	+120%	89,3 k €	+88.1%	47,5 k €	+73.1%	27,4 k €	-21.3%	34,9 k €	+327%	-15,4 k €	-332%	6,6 k €	-81.8%	36,4 k €
Net result	67,7 k €	+2.7%	65,9 k €	+136%	28 k €	+67.7%	16,7 k €	-86.8%	126,7 k €	+119%	57,9 k €	+128%	25,4 k €	+72.3%	14,8 k €	-40.3%	24,7 k €	+563%	3,7 k €	-8.8%	4,1 k €	-83.6%	24,9 k €
Balance sheet
Equity	356,2 k €	+0.1%	355,8 k €	+3.0%	345,4 k €	+8.8%	317,5 k €	+5.5%	300,8 k €	+72.8%	174,1 k €	+49.8%	116,2 k €	+28.0%	90,8 k €	+19.4%	76 k €	+48.1%	51,3 k €	+7.8%	47,6 k €	+9.4%	43,5 k €
Total assets	1,6 M €	-20.8%	2 M €	+2.9%	2 M €	+8.5%	1,8 M €	+87.0%	969,3 k €	+47.7%	656,2 k €	+34.4%	488,2 k €	+31.0%	372,6 k €	+14.1%	326,4 k €	+212%	104,5 k €	+84.5%	56,7 k €	-36.5%	89,2 k €
Cash	6,4 k €	-72.0%	22,8 k €	-62.7%	61,3 k €	+80.9%	33,9 k €	+39.4%	24,3 k €	+9.9%	22,1 k €	-50.9%	45 k €	+68.3%	26,7 k €	+36.7%	19,6 k €	-69.4%	64 k €	+41.6%	45,2 k €	+129%	19,7 k €
Debts	1,2 M €	-25.2%	1,7 M €	+2.9%	1,6 M €	+8.3%	1,5 M €	+124%	668,4 k €	+38.7%	482 k €	+29.8%	371,5 k €	+31.9%	281,7 k €	+14.1%	246,8 k €	+371%	52,5 k €	+479%	9,1 k €	-80.2%	45,7 k €
Other
Workforce	–		5,8 ETP	0.0%	5,8 ETP	+18.4%	4,9 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Jo Holvoet

Director · since 14 octobre 2019

Active

Dieter Holvoet

Director · since 19 octobre 2012

Active

Ended mandates

Jo Holvoet

Manager · since 14 octobre 2019

Ended

Dieter Holvoet

Director

Ended

Dieter Holvoet

Manager

Ended

Jo Holvoet

Director

Ended

At this address

Other companies at this address

Company	CBE no.
A-M. Events● Active	1005.875.548

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	29/08/2026	30/09/2025	30/09/2024	31/08/2023	19/07/2022	05/07/2021
General meeting	29/05/2026	29/09/2025	27/09/2024	30/08/2023	27/06/2022	30/06/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	29/08/2026	Dutch	PDF
Abridged model	31/12/2024	29/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	27/09/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/08/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	27/06/2022	19/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	05/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	18/08/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	16/10/2018	Dutch	PDF
Abridged model	31/05/2016	28/10/2016	28/11/2016	Dutch	PDF
Abridged model	31/05/2015	30/10/2015	30/11/2015	Dutch	PDF
Abridged model	31/05/2014	31/10/2014	27/11/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 4 ended

Active mandates

Jo Holvoet

Director · since 14 octobre 2019

Active

Dieter Holvoet

Director · since 19 octobre 2012

Active

Ended mandates

Jo Holvoet

Manager · since 14 octobre 2019

Ended

Dieter Holvoet

Director

Ended

Dieter Holvoet

Manager

Ended

Jo Holvoet

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other22/06/2017
DOEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other13/11/2012
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 202567,7 k €↑
2024
Annual accounts 202465,9 k €↑
2023
Annual accounts 202328 k €↑
2022
Annual accounts 202216,7 k €↓
2021
Annual accounts 2021126,7 k €↑
2020
Annual accounts 202057,9 k €↑
2019
Annual accounts 201925,4 k €↑
2018
Annual accounts 201814,8 k €↓
2017
Annual accounts 201724,7 k €↑
2016
Annual accounts 20163,7 k €↓
2015
Annual accounts 20154,1 k €↓
2014
Annual accounts 201424,9 k €
19/10/2012
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

MHD

Overview

What does MHD do?

Trend over 12 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