ACTIVE

MBH, MANUFACTURE BELGE D’HORLOGERIE

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Financial year 2025 · Closed on 31/12/2025

Net result8,4 k €-34,0 %over 1 year
Revenue168,2 k €+17,6 %over 1 year
Equity24,5 k €+51,7 %over 1 year

Identity

Source · BCE/KBO

MBH, MANUFACTURE BELGE D’HORLOGERIE is a Private limited company incorporated in 2020. Its main activity is: Manufacture of watches and clocks. Its registered office is in Grez-Doiceau.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0744.602.880
Incorporation
02/03/2020
Legal form
Private limited company
Registered office
Rue du Pont au Lin 1
1390 Grez-Doiceau · WallonieSee on map
Contributed capital
40 000,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Revenue168,2 k €143 k €149,7 k €148,8 k €–
EBITDA26,9 k €24,3 k €3,6 k €23,7 k €-14,8 k €
Operating result17 k €15,2 k €-8,6 k €12,6 k €-25,3 k €
Net result8,4 k €12,7 k €-12,9 k €11,1 k €-25,5 k €
Balance sheet
Equity24,5 k €16,2 k €3,5 k €16,4 k €5,3 k €
Total assets151,3 k €148,8 k €122 k €124,1 k €107,6 k €
Cash4 k €4,8 k €6,1 k €6,7 k €2,8 k €
Debts113,4 k €119,2 k €105,1 k €107,7 k €102,3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

DirectorMandates in this companyPeriod
Bonhivers Jean-Christophe
Mandate

Ended mandates

DirectorMandates in this companyPeriod
JEAN CHRISTOPHE BONHIVERS
Mandate
Verstraeten Cyril
Mandate

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date12/08/202623/07/202525/09/202412/07/202424/05/202322/07/2022
General meeting09/06/202610/06/202511/06/202413/06/202308/06/202208/06/2021
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202509/06/202612/08/2026FrenchPDF
Micro model31/12/202410/06/202523/07/2025FrenchPDF
Micro model31/12/202311/06/202425/09/2024FrenchPDF
Micro model31/12/202213/06/202312/07/2024FrenchPDF
Micro model31/12/202108/06/202224/05/2023FrenchPDF
Micro model31/12/202008/06/202122/07/2022FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025

1 active · 2 ended

Active mandates

DirectorMandates in this companyPeriod
Bonhivers Jean-Christophe
Mandate

Ended mandates

DirectorMandates in this companyPeriod
JEAN CHRISTOPHE BONHIVERS
Mandate
Verstraeten Cyril
Mandate

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates28/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other04/03/2020
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings6 filings
2020202120222023202420252026
MBH MANUFACTURE BELGEMBH, MANUFACTURE BELGE D’HORLOGERIE
Rue du Pont au Lin 1, 1390 Grez-Doiceau
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue du Pont au Lin 1, 1390 Grez-DoiceauCurrent
accounts 2020 → 2025
Accounts 2025 · 2026-00406450

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MBH, MANUFACTURE BELGE D’HORLOGERIECurrent
CBE
MBH MANUFACTURE BELGE
accounts 2022 → 2025
Accounts 2025 · 2026-00406450
MBH, MANUFACTURE BELGE D’HORLOGERIE
accounts 2020 → 2021
Accounts 2021 · 2023-00100913

Events

  1. 2025
    Annual accounts 20258,4 k €↓
  2. 2024
    Annual accounts 202412,7 k €↑
  3. 2023
    Annual accounts 2023-12,9 k €↓
  4. 2022
    Annual accounts 202211,1 k €↑
  5. 2022
    Name changeMBH MANUFACTURE BELGE
  6. 2021
    Annual accounts 2021-25,5 k €↓
  7. 2020
    Annual accounts 2020-9,2 k €
  8. 02/03/2020
    IncorporationPrivate limited company