ACTIVE

EXPLOITATIEMAATSCHAPPIJ MB

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Financial year 2025 · closed on 31/12/2025
Net result
10,7 k €
-36.5% YoY
Gross margin
787,4 k €
-19.6% YoY
Equity
214,7 k €
+5.2% YoY
Workforce
8,9 ETP
-18.3% YoY

What does EXPLOITATIEMAATSCHAPPIJ MB do?

EXPLOITATIEMAATSCHAPPIJ MB is a Private limited company incorporated in 2017. Its main activity is: Hotels and similar accommodation. Its registered office is in Brugge. It employs on average 8,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0670.958.896
Incorporation
10/02/2017
Legal form
Private limited company
Registered office
Monnikenwerve 17-19
8000 Brugge · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
8,9 ETP
Activities (NACE)
55100Hotels and similar accommodation· main55100Hotels and similar accommodation
Joint committees (2)
  • 302
  • 3020
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120192018
Income statement
Gross margin787,4 k €979,1 k €1,1 M €1,1 M €948,8 k €1,1 M €1,1 M €
EBITDA29,8 k €37,9 k €41,3 k €57,5 k €29,3 k €92,9 k €139,3 k €
Operating result15,4 k €28 k €34,8 k €38,2 k €575,8 €40,2 k €66,4 k €
Net result10,7 k €16,9 k €22,2 k €25,3 k €-1,1 k €21,8 k €50,3 k €
Balance sheet
Equity214,7 k €204 k €187,2 k €176,1 k €150,8 k €152,1 k €130,3 k €
Total assets984 k €965 k €589,3 k €581,6 k €378,4 k €509,9 k €556,8 k €
Cash824 k €282,3 k €370 k €365,2 k €212,8 k €89 k €86,1 k €
Debts769,3 k €761 k €402,1 k €403,2 k €222,8 k €357,8 k €424,9 k €
Other
Workforce8,9 ETP10,9 ETP13,2 ETP15,8 ETP16,2 ETP18,8 ETP11,3 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 31/12/2025 · 3 active · 22 ended

Active mandates

Chavalie De Lodder

Director · since 01 juin 2025 · until 01 juin 2031

Active
Sarah Van Lierde

Director · since 01 juin 2025 · until 01 juin 2031

Active
Belgian Coast Hotels

Managing director · since 17 octobre 2023 · until 17 octobre 2029 · 0795.423.655

Represented by Joachim DEBUCQUOY

Active

Ended mandates

Idgie Maeckelbergh

Director · since 18 mars 2024 · until 18 mars 2030

Ended
Wim Deconinck

Director · since 18 mars 2024 · until 18 mars 2030

Ended
Bricks & Support

Managing director · since 17 octobre 2023 · until 17 octobre 2029 · 0552.534.170

Represented by Joachim DEBUCQUOY

Ended
Nikola Saelens

Director · since 17 octobre 2023 · until 18 mars 2024

Ended
At this address

Other companies at this address

CompanyCBE no.
Alysee Projectontwikkeling● Active
0831.759.855
ARCHIMEDES OOSTENDE● Active
0477.454.784
Belgian Coast Hotels● Active
0795.423.655
BLANKENBERGE DEVELOPMENT COMPANY● Active
0678.537.566
Bricks & Support● Active
0552.534.170
BRUSSELS DEVELOPMENT COMPANY● Active
0735.665.519
Dienstencentrum voor de Sport● Liquidation
0459.438.421
DORMA HUPPE● Active
0407.204.713
dormakaba Belgium● Active
0455.986.706
EXCELSIOR IC● Active
0746.723.816
EXPLOITATIEMAATSCHAPPIJ HBAZ● Active
1007.015.396
EXPLOITATIEMAATSCHAPPIJ IBA● Active
0678.421.265
EXPLOITATIEMAATSCHAPPIJ IBB● Active
0687.872.827
EXPLOITATIEMAATSCHAPPIJ ISB● Active
0801.421.324
EXPLOITATIEMAATSCHAPPIJ ISZ● Active
0845.017.280
EXPLOITATIEMAATSCHAPPIJ MO● Active
0405.286.982
EXPLOITATIEMAATSCHAPPIJ PBAZ● Active
1007.009.260
FIRENZE● Liquidation
0446.033.120
FJORD REAL ESTATE DEVELOPMENT● Active
0755.460.249
HOLIDAY SUITES● Active
0834.230.286
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/06/202622/07/202528/06/202429/06/202313/07/202214/07/2021
General meeting11/06/202618/07/202526/06/202428/06/202330/06/202208/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202612/06/2026DutchPDF
Abridged model31/12/202418/07/202522/07/2025DutchPDF
Abridged model31/12/202326/06/202428/06/2024DutchPDF
Abridged model31/12/202228/06/202329/06/2023DutchPDF
Abridged model31/12/202130/06/202213/07/2022DutchPDF
Abridged model31/12/202008/07/202114/07/2021DutchPDF
Abridged model31/12/201925/08/202024/09/2020DutchPDF
Abridged model31/12/201827/06/201917/07/2019DutchPDF
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 31/12/2025 · 3 active · 22 ended

Active mandates

Chavalie De Lodder

Director · since 01 juin 2025 · until 01 juin 2031

Active
Sarah Van Lierde

Director · since 01 juin 2025 · until 01 juin 2031

Active
Belgian Coast Hotels

Managing director · since 17 octobre 2023 · until 17 octobre 2029 · 0795.423.655

Represented by Joachim DEBUCQUOY

Active

Ended mandates

Idgie Maeckelbergh

Director · since 18 mars 2024 · until 18 mars 2030

Ended
Wim Deconinck

Director · since 18 mars 2024 · until 18 mars 2030

Ended
Bricks & Support

Managing director · since 17 octobre 2023 · until 17 octobre 2029 · 0552.534.170

Represented by Joachim DEBUCQUOY

Ended
Nikola Saelens

Director · since 17 octobre 2023 · until 18 mars 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/07/2022
    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

Timeline

  1. 2025
    Annual accounts 202510,7 k €↓
  2. 2024
    Annual accounts 202416,9 k €↓
  3. 2023
    Annual accounts 202322,2 k €↓
  4. 2022
    Annual accounts 202225,3 k €↑
  5. 2021
    Annual accounts 2021-1,1 k €↓
  6. 2019
    Annual accounts 201921,8 k €↓
  7. 2018
    Annual accounts 201850,3 k €
  8. 10/02/2017
    IncorporationPrivate limited company