ACTIVE

Exploitatiemaatschappij MHSL

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Financial year 2025 · closed on 31/12/2025
Net result
115,7 k €
+140.5% YoY
Gross margin
1,7 M €
+5.9% YoY
Equity
114,1 k €
+5.2% YoY
Workforce
19,2 ETP
-5.9% YoY

What does Exploitatiemaatschappij MHSL do?

Exploitatiemaatschappij MHSL is a Private limited company incorporated in 2018. Its main activity is: Hotels and similar accommodation. Its registered office is in Gent. It employs on average 19,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0691.750.649
Incorporation
06/03/2018
Legal form
Private limited company
Registered office
Pieter Brueghellaan 1
9051 Gent · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
19,2 ETP
Activities (NACE)
55100Hotels and similar accommodation· main55100Hotels and similar accommodation
Joint committees (1)
  • 302
Contacts
2 public details availableLog in to view
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 6 financial years

202520242023202220212018
Income statement
Gross margin1,7 M €1,6 M €1,5 M €1,3 M €1,3 M €-3,4 k €
EBITDA562,9 k €495,1 k €413,1 k €325,4 k €314,8 k €-3,9 k €
Operating result94,2 k €27,2 k €-67 k €-46,3 k €84,8 k €-3,9 k €
Net result115,7 k €48,1 k €-65,2 k €-42,8 k €73,1 k €-4,2 k €
Balance sheet
Equity114,1 k €108,4 k €60,3 k €125,5 k €168,3 k €95,8 k €
Total assets11,5 M €11,9 M €12,2 M €13 M €8 M €95,8 k €
Cash230,5 k €309,6 k €78,1 k €247,5 k €281,1 k €95,1 k €
Debts11,4 M €11,8 M €12,1 M €12,8 M €7,7 M €–
Other
Workforce19,2 ETP20,4 ETP220,8 ETP14,7 ETP19,9 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

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

Active mandates

NESTIA HOSPITALITY GROUP

Director · since 28 novembre 2024 · 0760.947.974

Represented by Jonathan DEBUCQUOY

Active
UNIBRICKS

Director · since 28 novembre 2024 · 0506.816.288

Represented by Thomas LECLUSE

Active

Ended mandates

BRICKS FINANCIAL SERVICES

Director · since 28 octobre 2020 · until 02 mai 2026 · 0635.571.120

Represented by Jonathan DEBUCQUOY

Ended
NESTIA HOSPITALITY GROUP

Director · since 28 octobre 2020 · until 02 mai 2026 · 0760.947.974

Represented by Thomas LECLUSE

Ended
PAMABEL

Director · since 28 octobre 2020 · until 02 mai 2026 · 0518.986.523

Represented by Jochen DEBUCQUOY

Ended
SaVe Consulting Comm V

Director · since 28 octobre 2020 · until 02 mai 2026 · 0687.604.888

Represented by Sander Vermeulen

Ended
At this address

Other companies at this address

CompanyCBE no.
Atratus● Active
0700.396.319
BRICKS FINANCIAL SERVICES● Active
0635.571.120
Bricks & Leisure Projectontwikkeling● Active
0653.815.830
DVG Development● Active
0754.837.469
European Realty Company● Active
0733.678.504
Exploitatiemaatschappij Green Resort Limburg● Active
1013.547.456
EXPLOITATIEMAATSCHAPPIJ IBJ● Active
0677.924.189
EXPLOITATIEMAATSCHAPPIJ RAL● Active
0756.805.777
EXPLOITATIEMAATSCHAPPIJ RSB● Active
0889.868.991
NESTIA HOSPITALITY GROUP● Active
0760.947.974
UNEST STUDENT HOUSING● Active
0798.336.823
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 date25/06/202617/07/202508/07/202412/07/202312/08/202215/07/2021
General meeting01/06/202629/06/202530/06/202430/06/202330/06/202230/06/2021
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 model31/12/202501/06/202625/06/2026DutchPDF
Abridged model31/12/202429/06/202517/07/2025DutchPDF
Abridged model31/12/202330/06/202408/07/2024DutchPDF
Abridged model31/12/202230/06/202312/07/2023DutchPDF
Abridged model31/12/202130/06/202212/08/2022DutchPDF
Abridged model31/12/202030/06/202115/07/2021DutchPDF
Abridged model31/12/201924/06/202016/07/2020DutchPDF
Abridged model31/12/201826/06/201908/07/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 12 ended

Active mandates

NESTIA HOSPITALITY GROUP

Director · since 28 novembre 2024 · 0760.947.974

Represented by Jonathan DEBUCQUOY

Active
UNIBRICKS

Director · since 28 novembre 2024 · 0506.816.288

Represented by Thomas LECLUSE

Active

Ended mandates

BRICKS FINANCIAL SERVICES

Director · since 28 octobre 2020 · until 02 mai 2026 · 0635.571.120

Represented by Jonathan DEBUCQUOY

Ended
NESTIA HOSPITALITY GROUP

Director · since 28 octobre 2020 · until 02 mai 2026 · 0760.947.974

Represented by Thomas LECLUSE

Ended
PAMABEL

Director · since 28 octobre 2020 · until 02 mai 2026 · 0518.986.523

Represented by Jochen DEBUCQUOY

Ended
SaVe Consulting Comm V

Director · since 28 octobre 2020 · until 02 mai 2026 · 0687.604.888

Represented by Sander Vermeulen

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/06/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/10/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/03/2018
    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

Timeline

  1. 2025
    Annual accounts 2025115,7 k €↑
  2. 2024
    Annual accounts 202448,1 k €↑
  3. 2023
    Annual accounts 2023-65,2 k €↓
  4. 2022
    Annual accounts 2022-42,8 k €↓
  5. 2021
    Annual accounts 202173,1 k €↑
  6. 2020
    Name changeEXPLOITATIEMAATSCHAPPIJ MHSL
  7. 2018
    Annual accounts 2018-4,2 k €
  8. 06/03/2018
    IncorporationPrivate limited company
  9. 2018
    Name changeEXPLOITATIEMAATSCHAPPIJ ISHSL