ACTIVE

Ma-Rhu

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Financial year 2025 · closed on 30/09/2025
Net result
253,8 k €
+254.6% YoY
Gross margin
457,7 k €
+109.1% YoY
Equity
514,1 k €
+96.2% YoY

What does Ma-Rhu do?

Ma-Rhu is a Private limited company incorporated in 2018. Its main activity is: Activities of holding companies. Its registered office is in Middelkerke.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0702.900.107
Incorporation
06/09/2018
Legal form
Private limited company
Registered office
Weststraat 29
8434 Middelkerke · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
64210Activities of holding companies· main68201Rental and operating of own or leased real estate69201Accounting, bookkeeping and auditing activities; tax consultancy69202Accounting, bookkeeping and auditing activities; tax consultancy
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin457,7 k €218,8 k €86,2 k €99,5 k €116 k €119,1 k €68,4 k €
EBITDA451,9 k €162,9 k €71,1 k €93,4 k €108,9 k €106,5 k €54,2 k €
Operating result364,4 k €102,4 k €42,3 k €64,3 k €83,4 k €78,7 k €35,8 k €
Net result253,8 k €71,6 k €22,4 k €41,9 k €51,3 k €62,3 k €27,8 k €
Balance sheet
Equity514,1 k €262 k €192,2 k €159,1 k €118,7 k €69 k €20,4 k €
Total assets1,8 M €1,8 M €893,3 k €459,8 k €447 k €431,1 k €174,9 k €
Cash120,6 k €16,1 k €17,1 k €29,8 k €29,1 k €36,3 k €14,4 k €
Debts1,2 M €1,5 M €697,3 k €298 k €325,8 k €361,8 k €154,6 k €
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 30/09/2025 · 2 active · 4 ended

Active mandates

Romina Dekeyzer

Director · since 05 septembre 2018

Active
Wesley De Smet

Director · since 05 septembre 2018

Active

Ended mandates

Wesley De Smet

Director · since 18 avril 2023

Ended
Romina Dekeyzer

Director · since 06 septembre 2018

Ended
Romina Dekeyzer

Manager · since 06 septembre 2018

Ended
Romina Dekeyzer

Director

Ended
At this address

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1040.642.229
RAMENWASSERIJ ROMINA● Active
0644.783.150
vermoclean● Active
0860.874.604
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202631/03/202529/04/202402/05/202331/05/202201/05/2021
General meeting13/03/202614/03/202508/03/202410/03/202311/03/202212/03/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202513/03/202601/06/2026DutchPDF
Micro model30/09/202414/03/202531/03/2025DutchPDF
Micro model30/09/202308/03/202429/04/2024DutchPDF
Micro model30/09/202210/03/202302/05/2023DutchPDF
Micro model30/09/202111/03/202231/05/2022DutchPDF
Micro model30/09/202012/03/202101/05/2021DutchPDF
Micro model30/09/201913/03/202030/04/2020DutchPDF
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 30/09/2025 · 2 active · 4 ended

Active mandates

Romina Dekeyzer

Director · since 05 septembre 2018

Active
Wesley De Smet

Director · since 05 septembre 2018

Active

Ended mandates

Wesley De Smet

Director · since 18 avril 2023

Ended
Romina Dekeyzer

Director · since 06 septembre 2018

Ended
Romina Dekeyzer

Manager · since 06 septembre 2018

Ended
Romina Dekeyzer

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/02/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/07/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates18/04/2023
    WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/09/2018
    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 2025253,8 k €↑
  2. 2024
    Annual accounts 202471,6 k €↑
  3. 2023
    Annual accounts 202322,4 k €↓
  4. 2023
    Name changeMa-Rhu
  5. 2022
    Annual accounts 202241,9 k €↓
  6. 2021
    Annual accounts 202151,3 k €↓
  7. 2021
    Name changeMarhu
  8. 2020
    Annual accounts 202062,3 k €↑
  9. 2019
    Annual accounts 201927,8 k €
  10. 06/09/2018
    IncorporationPrivate limited company