ACTIVE

MA MA THO MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

84,7 k €

-82.9% YoY

Gross margin

129,3 k €

+31.0% YoY

Equity

524,9 k €

+0.5% YoY

What does MA MA THO MANAGEMENT do?

MA MA THO MANAGEMENT is a Private limited company incorporated in 2009. Its registered office is in Chaumont-Gistoux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0811.019.770

Incorporation

06/04/2009

Legal form

Private limited company

Registered office

Bas-Bonlez 73
1325 Chaumont-Gistoux · WallonieSee on map

Contributed capital

8 060,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	129,3 k €	+31.0%	98,7 k €	-6.4%	105,4 k €	+5.4%	100,1 k €	+34.0%	74,7 k €	-0.7%	75,1 k €	-23.9%	98,7 k €	+55.2%	63,6 k €	+44.5%	44,0 k €	+42.0%	31,0 k €	-9.1%	34,1 k €	+28.9%	26,4 k €	-46.9%	49,8 k €	-23.1%	64,7 k €	-15.1%	76,2 k €	+1.5%	75,1 k €	+143%	31,0 k €
EBITDA	128,6 k €	+31.0%	98,2 k €	-6.2%	104,6 k €	+5.3%	99,4 k €	+35.0%	73,6 k €	+0.1%	73,5 k €	-24.1%	96,8 k €	+65.6%	58,5 k €	+37.3%	42,6 k €	+43.9%	29,6 k €	-9.5%	32,7 k €	+30.6%	25,0 k €	-48.2%	48,4 k €	-22.5%	62,4 k €	-13.5%	72,1 k €	-1.3%	73,1 k €	+164%	27,7 k €
Operating result	118,7 k €	+29.2%	91,9 k €	-8.1%	99,9 k €	+2.8%	97,2 k €	+61.5%	60,2 k €	+0.9%	59,6 k €	-27.2%	82,0 k €	+87.9%	43,6 k €	+25.7%	34,7 k €	+53.0%	22,7 k €	+47.0%	15,4 k €	+116%	7,1 k €	-76.6%	30,5 k €	-33.9%	46,1 k €	-16.8%	55,4 k €	-10.5%	61,9 k €	+205%	20,3 k €
Net result	84,7 k €	-82.9%	495,0 k €	+581%	72,6 k €	+5.9%	68,6 k €	+67.6%	40,9 k €	+10.1%	37,2 k €	-21.5%	47,4 k €	+54.7%	30,6 k €	+62.5%	18,9 k €	+54.6%	12,2 k €	+43.3%	8,5 k €	+633%	1,2 k €	-94.1%	19,7 k €	-21.4%	25,0 k €	-18.6%	30,8 k €	-17.6%	37,4 k €	+183%	13,2 k €
Balance sheet
Equity	524,9 k €	+0.5%	522,3 k €	+255%	147,3 k €	+9.4%	134,7 k €	+27.0%	106,1 k €	+0.9%	105,1 k €	+54.7%	68,0 k €	+231%	20,6 k €	+9.8%	18,7 k €	+0.3%	18,7 k €	+10.0%	17,0 k €	+101%	8,5 k €	-70.1%	28,3 k €	+229%	8,6 k €	-9.9%	9,6 k €	+9.0%	8,8 k €	-54.8%	19,4 k €
Total assets	618,5 k €	-12.7%	708,4 k €	+166%	266,3 k €	+12.1%	237,6 k €	-0.1%	238,0 k €	-6.5%	254,6 k €	-1.5%	258,5 k €	+182%	91,8 k €	+63.1%	56,3 k €	+7.9%	52,1 k €	+51.1%	34,5 k €	-42.1%	59,6 k €	-18.6%	73,2 k €	+2.3%	71,5 k €	-28.6%	100,1 k €	+12.0%	89,4 k €	+88.4%	47,4 k €
Cash	432,5 k €	-16.5%	518,1 k €	+1344%	35,9 k €	+21.0%	29,6 k €	-1.1%	30,0 k €	-12.9%	34,4 k €	+46.7%	23,5 k €	-25.5%	31,5 k €	-28.4%	43,9 k €	+214%	14,0 k €	-23.1%	18,2 k €	+143%	7,5 k €	-32.4%	11,1 k €	-61.4%	28,7 k €	-30.1%	41,0 k €	-29.3%	58,0 k €	+1935%	2,9 k €
Debts	93,6 k €	-49.7%	186,1 k €	+56.5%	119,0 k €	+15.6%	102,9 k €	-21.9%	131,9 k €	-11.8%	149,4 k €	-21.6%	190,5 k €	+167%	71,2 k €	+89.7%	37,5 k €	+12.2%	33,5 k €	+90.9%	17,5 k €	-65.7%	51,1 k €	+14.0%	44,9 k €	-26.4%	61,0 k €	-32.7%	90,5 k €	+12.3%	80,6 k €	+187%	28,0 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Alain Genard

Director

Active

Ended mandates

Alain Genard

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/05/2026	05/05/2025	06/05/2024	05/05/2023	10/05/2022	20/05/2021
General meeting	07/05/2026	02/05/2025	02/05/2024	04/05/2023	05/05/2022	06/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	07/05/2026	07/05/2026	French	PDF
Micro model	31/12/2024	02/05/2025	05/05/2025	French	PDF
Micro model	31/12/2023	02/05/2024	06/05/2024	French	PDF
Micro model	31/12/2022	04/05/2023	05/05/2023	French	PDF
Micro model	31/12/2021	05/05/2022	10/05/2022	French	PDF
Micro model	31/12/2020	06/05/2021	20/05/2021	French	PDF
Abridged model	31/12/2019	07/05/2020	25/05/2020	French	PDF
Abridged model	31/12/2018	02/05/2019	03/05/2019	French	PDF
Abridged model	31/12/2017	03/05/2018	14/05/2018	French	PDF
Abridged model	31/12/2016	04/05/2017	08/05/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	10/05/2016	French	PDF
Abridged model	31/12/2014	07/05/2015	02/06/2015	French	PDF
Abridged model	31/12/2013	02/05/2014	12/05/2014	French	PDF
Abridged model	31/12/2012	02/05/2013	08/05/2013	French	PDF
Abridged model	31/12/2011	19/01/2012	13/03/2012	French	PDF
Abridged model	31/12/2010	05/05/2011	01/06/2011	French	PDF
Abridged model	31/12/2009	06/05/2010	11/05/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Alain Genard

Director

Active

Ended mandates

Alain Genard

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other16/04/2009
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 202584,7 k €↓
2024
Annual accounts 2024495,0 k €↑
2023
Annual accounts 202372,6 k €↑
2022
Annual accounts 202268,6 k €↑
2021
Annual accounts 202140,9 k €↑
2020
Annual accounts 202037,2 k €↓
2019
Annual accounts 201947,4 k €↑
2018
Annual accounts 201830,6 k €↑
2017
Annual accounts 201718,9 k €↑
2016
Annual accounts 201612,2 k €↑
2015
Annual accounts 20158,5 k €↑
2014
Annual accounts 20141,2 k €↓
2013
Annual accounts 201319,7 k €↓
2012
Annual accounts 201225,0 k €↓
2011
Annual accounts 201130,8 k €↓
2010
Annual accounts 201037,4 k €↑
2009
Annual accounts 200913,2 k €
06/04/2009
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

MA MA THO MANAGEMENT

Overview

What does MA MA THO MANAGEMENT do?

Trend over 17 financial years

Indicative valuation

Board of directors

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