ACTIVE

MHN

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Financial year 2025 · closed on 31/03/2025

Net result

41,6 k €

+1002.8% YoY

Gross margin

262,6 k €

+66.4% YoY

Equity

182,4 k €

+13.5% YoY

What does MHN do?

MHN is a Private limited company incorporated in 2015. Its main activity is: Retail sale of other household equipment in specialised stores. Its registered office is in Ans.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0644.991.701

Incorporation

30/12/2015

Legal form

Private limited company

Registered office

Avenue de l'Energie 25
4432 Ans · WallonieSee on map

Contributed capital

95 100,00 €

Latest accounts

31/03/2025

Activities (NACE)

47551Retail sale of other household equipment in specialised stores· main 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 86906Other human health activities 86940Other human health activities 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores

Joint committees (3)

14904
201
330

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	262,6 k €	+66.4%	157,8 k €	-30.0%	225,5 k €	-19.3%	279,3 k €	-18.9%	344,4 k €	+28.5%	268,1 k €	-1.7%	272,8 k €	-11.4%	307,9 k €	-23.0%	399,7 k €
EBITDA	142,8 k €	+209%	46,2 k €	-29.7%	65,8 k €	+15.8%	56,8 k €	-50.4%	114,4 k €	+95.6%	58,5 k €	+505%	9,7 k €	-84.0%	60,4 k €	+3.8%	58,2 k €
Operating result	117 k €	+581%	17,2 k €	-55.9%	39 k €	+56.8%	24,8 k €	-67.3%	76,1 k €	+221%	23,7 k €	+145%	9,7 k €	-54.3%	21,1 k €	+1.8%	20,7 k €
Net result	41,6 k €	+1003%	-4,6 k €	-157%	8,1 k €	-24.4%	10,8 k €	-50.4%	21,7 k €	+1315%	-1,8 k €	-335%	759,9 €	-88.4%	6,5 k €	+61.2%	4 k €
Balance sheet
Equity	182,4 k €	+13.5%	160,7 k €	-2.8%	165,3 k €	+5.2%	157,1 k €	+7.4%	146,4 k €	+17.4%	124,6 k €	+2.6%	121,5 k €	+0.6%	120,8 k €	+5.7%	114,2 k €
Total assets	372 k €	+7.1%	347,2 k €	-12.8%	398,2 k €	-11.0%	447,7 k €	-1.7%	455,3 k €	-13.0%	523,5 k €	+44.6%	362 k €	+7.6%	336,6 k €	+21.3%	277,4 k €
Cash	31,1 €	-99.2%	3,8 k €	-38.0%	6,1 k €	+22.5%	5 k €	-44.7%	9 k €	-32.4%	13,4 k €	+183%	4,7 k €	-33.4%	7,1 k €	-76.5%	30,1 k €
Debts	165,2 k €	-11.4%	186,5 k €	-19.9%	232,9 k €	-19.8%	290,5 k €	-6.0%	309 k €	-22.5%	398,9 k €	+65.9%	240,5 k €	+14.3%	210,4 k €	+28.9%	163,2 k €
Other
Workforce	–		2,1 ETP	-16.0%	2,5 ETP		–		–		–		–		–		8,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

Philippe VANDIEST

Mandate

Active

Ended mandates

P VANDIEST

Manager · since 18 janvier 2017

Ended

Philippe VANDIEST

Manager · since 18 janvier 2017

Ended

Philippe VANDIEST

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	25/10/2024	13/09/2023	31/08/2022	23/11/2021	27/10/2020
General meeting	30/09/2025	30/08/2024	31/08/2023	26/08/2022	17/09/2021	18/09/2020
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	30/09/2025	30/10/2025	French	PDF
Abridged model	31/03/2024	30/08/2024	25/10/2024	French	PDF
Abridged model	31/03/2023	31/08/2023	13/09/2023	French	PDF
Micro model	31/03/2022	26/08/2022	31/08/2022	French	PDF
Micro model	31/03/2021	17/09/2021	23/11/2021	French	PDF
Micro model	31/03/2020	18/09/2020	27/10/2020	French	PDF
Micro model	31/03/2019	20/09/2019	18/11/2019	French	PDF
Micro model	31/03/2018	21/09/2018	20/11/2018	French	PDF
Abridged model	31/03/2017	18/05/2017	24/05/2017	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 ended

Active mandates

Philippe VANDIEST

Mandate

Active

Ended mandates

P VANDIEST

Manager · since 18 janvier 2017

Ended

Philippe VANDIEST

Manager · since 18 janvier 2017

Ended

Philippe VANDIEST

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/12/2024
SIEGE SOCIAL
PDF
Mandates17/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office04/07/2019
SIEGE SOCIAL
PDF
Mandates06/02/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/03/2016
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other04/01/2016
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202541,6 k €↑
2024
Annual accounts 2024-4,6 k €↓
2023
Annual accounts 20238,1 k €↓
2022
Annual accounts 202210,8 k €↓
2021
Annual accounts 202121,7 k €↑
2020
Annual accounts 2020-1,8 k €↓
2019
Annual accounts 2019759,9 €↓
2018
Annual accounts 20186,5 k €↑
2017
Annual accounts 20174 k €
30/12/2015
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

MHN

Overview

What does MHN do?

Trend over 9 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