ACTIVE

MDHF

Financial year 2025 · Closed on 30/06/2025

Net result
-15,5 M €
-1 315,8 %over 1 year
Gross margin
-62,7 k €
+87,4 %over 1 year
Equity
185,6 M €
-7,7 %over 1 year
Workforce
2,6 ETP
+73,3 %over 1 year

Identity

Source · BCE/KBO

MDHF is a Public limited company incorporated in 2012. Its main activity is: Activities of holding companies. Its registered office is in Lasne. It employs on average 2,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0508.816.270
Incorporation
28/12/2012
Legal form
Public limited company
Registered office
Chaussée de Louvain 533
1380 Lasne · WallonieSee on map
Contributed capital
196 000 000,00 €
Latest accounts
30/06/2025
Average workforce
2,6 ETP
Joint committees (1)
  • 200
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 13 filings

Trend over 11 financial years

20252024202320222019
Income statement
Gross margin-62,7 k €-496,7 k €-562,6 k €-590,3 k €–
EBITDA-15,7 M €-1,2 M €-778,1 k €-764,1 k €-1,4 M €
Operating result-15,7 M €-1,2 M €-799,6 k €-782,9 k €-1,4 M €
Net result-15,5 M €-1,1 M €-662,7 k €-74,2 M €-28,8 M €
Balance sheet
Equity185,6 M €201,1 M €202,2 M €202,8 M €264,2 M €
Total assets185,7 M €201,1 M €202,3 M €203,1 M €265,5 M €
Cash1,7 M €15 k €8,6 k €9,7 k €22 k €
Debts136,7 k €64,6 k €114,8 k €168 k €1,2 M €
Other
Workforce2,6 ETP1,5 ETP2,2 ETP1,5 ETP2,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 7 ended

Active mandates

Michel Doret

Managing director · since 24 novembre 2023 · until 23 novembre 2029

Active
Pascaline Loumaye

Director · since 30 novembre 2022 · until 24 novembre 2028

Active

Ended mandates

Pascaline Loumaye

Director · since 13 septembre 2017 · until 25 novembre 2022

Ended
Boris Vilain

Director · since 22 juin 2017 · until 12 septembre 2019

Ended
Boris VILAIN

Director · since 22 juin 2017 · until 24 novembre 2023

Ended
Michel Doret

Managing director · since 22 juin 2017 · until 24 novembre 2023

Ended

Other companies at this address

Chaussée de Louvain 533 1380 Lasne
CompanyCBE no.
BOB BRUSSELS● Active
1008.840.481
0435.588.396
DTHF● Active
0454.910.697
DVR WATCHES● Active
1003.706.807
0420.841.626

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/12/202527/11/202428/11/202302/12/202203/12/202130/11/2020
General meeting27/11/202522/11/202424/11/202330/11/202230/11/202127/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202527/11/202503/12/2025FrenchPDF
Abridged model30/06/202422/11/202427/11/2024FrenchPDF
Abridged model30/06/202324/11/202328/11/2023FrenchPDF
Abridged model30/06/202230/11/202202/12/2022FrenchPDF
Abridged model30/06/202130/11/202103/12/2021FrenchPDF
Full model30/06/202027/11/202030/11/2020FrenchPDF
Full model30/06/201922/11/201928/11/2019FrenchPDF
Full model30/06/201814/12/201819/12/2018FrenchPDF
Full model30/06/201715/12/201721/12/2017FrenchPDF
Full model30/06/201625/11/201601/12/2016FrenchPDF
Abridged model30/06/201520/01/201621/01/2016FrenchPDF
Abridged model30/06/201428/11/201416/12/2014FrenchPDF
Abridged model30/06/201322/11/201322/01/2014FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 30/06/2025

2 active · 7 ended

Active mandates

Michel Doret

Managing director · since 24 novembre 2023 · until 23 novembre 2029

Active
Pascaline Loumaye

Director · since 30 novembre 2022 · until 24 novembre 2028

Active

Ended mandates

Pascaline Loumaye

Director · since 13 septembre 2017 · until 25 novembre 2022

Ended
Boris Vilain

Director · since 22 juin 2017 · until 12 septembre 2019

Ended
Boris VILAIN

Director · since 22 juin 2017 · until 24 novembre 2023

Ended
Michel Doret

Managing director · since 22 juin 2017 · until 24 novembre 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/12/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/12/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates06/01/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/01/2019
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/10/2017
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-15,5 M €↓
  2. 22/11/2024
    reconductionForvis Mazars Réviseurs d'Entreprises — commissaire
  3. 2024
    Annual accounts 2024-1,1 M €↓
  4. 24/11/2023
    reconductionMichel Doret — administrateur
  5. 2023
    Annual accounts 2023-662,7 k €↑
  6. 30/11/2022
    reconductionPascaline Loumaye — administrateur
  7. 2022
    Annual accounts 2022-74,2 M €↓
  8. 2019
    Annual accounts 2019-28,8 M €↓
  9. 2018
    Annual accounts 201839,5 M €↑
  10. 2017
    Annual accounts 201713,7 M €↓
  11. 2016
    Annual accounts 201618,9 M €↓
  12. 2015
    Annual accounts 201526,1 M €↑
  13. 2014
    Annual accounts 2014-1,2 M €↓
  14. 2013
    Annual accounts 2013-32,5 k €
  15. 28/12/2012
    IncorporationPublic limited company