ACTIVE

MAKOA

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Financial year 2025 · closed on 31/12/2025
Net result
1,4 M €
+19.9% YoY
Revenue
27,5 M €
+32.0% YoY
Equity
7,6 M €
+2.8% YoY
Workforce
8,2 ETP
+64.0% YoY

What does MAKOA do?

MAKOA is a Private limited company incorporated in 2012. Its main activity is: Agents involved in the sale of textiles, clothing, fur, footwear and leather goods. Its registered office is in Sint-Martens-Latem. It employs on average 8,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0848.642.508
Incorporation
07/09/2012
Legal form
Private limited company
Registered office
Brandstraat 16
9830 Sint-Martens-Latem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
8,2 ETP
Activities (NACE)
46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods· main46160Agents involved in the sale of textiles, clothing, fur, footwear and leather goods47120Retail sale in non-specialised stores47910Retail sale via mail order houses or via Internet20412Manufacture of soap and detergents, cleaning and polishing preparations20412Manufacture of soap and detergents, cleaning and polishing preparations
Joint committees (5)
  • 116
  • 1160
  • 20018
  • 207
  • 2070
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Revenue27,5 M €20,8 M €30,4 M €19,9 M €–––––––––
EBITDA2,2 M €1,6 M €4,4 M €2,1 M €1,5 M €976,1 k €562,4 k €281,7 k €88,5 k €78,6 k €119,5 k €148,7 k €14 k €
Operating result2,1 M €1,7 M €4,1 M €2 M €1,4 M €949,3 k €540,1 k €266,1 k €76,3 k €71,3 k €113,9 k €146,7 k €12,4 k €
Net result1,4 M €1,2 M €2,9 M €1,4 M €917,1 k €548,6 k €325,5 k €157,8 k €38,3 k €40,2 k €71,1 k €94,7 k €6,3 k €
Balance sheet
Equity7,6 M €7,4 M €6,4 M €3,6 M €2,2 M €1,3 M €747 k €421,5 k €269,3 k €231 k €184,6 k €113,5 k €18,7 k €
Total assets15,7 M €13,8 M €7,8 M €8,8 M €5,7 M €6,7 M €4,7 M €2,9 M €1,9 M €368,5 k €300,5 k €411,8 k €123,8 k €
Cash109,8 k €191,8 k €87,5 k €633,8 k €532,7 k €406,7 k €209,8 k €41 k €80,8 k €164,3 k €118,7 k €146,2 k €86,7 k €
Debts8,1 M €6,4 M €1,3 M €5,1 M €3,4 M €5,4 M €3,9 M €2,5 M €1,6 M €137,5 k €115,9 k €298,3 k €105 k €
Other
Workforce8,2 ETP5,0 ETP5,8 ETP6,1 ETP4,8 ETP2,2 ETP0,8 ETP0,4 ETP––1,0 ETP0,4 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

POLY-BRAND

Director · since 01 novembre 2025 · 0746.682.838

Represented by Fabian Tondreau

Active
Katrien Castelein

Director · since 17 novembre 2023

Active

Ended mandates

Fabian Tondreau

Director · since 17 novembre 2023

Ended
Katrien Castelein

Director · since 01 décembre 2016

Ended
Katrien Castelein

Manager · since 01 décembre 2016

Ended
Fabian Tondreau

Director · since 07 septembre 2012

Ended
At this address

Other companies at this address

CompanyCBE no.
POLY-BRAND● Active
0746.682.838
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull 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 date24/08/202629/08/202523/08/202407/08/202325/08/202230/08/2021
General meeting17/07/202628/08/202528/06/202430/06/202324/06/202225/06/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202517/07/202624/08/2026DutchPDF
Full model31/12/202428/08/202529/08/2025DutchPDF
Full model31/12/202328/06/202423/08/2024DutchPDF
Full model31/12/202230/06/202307/08/2023DutchPDF
Abridged model31/12/202124/06/202225/08/2022DutchPDF
Abridged model31/12/202025/06/202130/08/2021DutchPDF
Abridged model31/12/201926/06/202018/09/2020DutchPDF
Abridged model31/12/201828/06/201920/08/2019DutchPDF
Abridged model31/12/201729/06/201823/08/2018DutchPDF
Abridged model31/12/201630/06/201725/08/2017DutchPDF
Abridged model31/12/201524/06/201624/08/2016DutchPDF
Abridged model31/12/201426/06/201501/07/2015DutchPDF
Abridged model31/12/201327/06/201425/07/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 9 ended

Active mandates

POLY-BRAND

Director · since 01 novembre 2025 · 0746.682.838

Represented by Fabian Tondreau

Active
Katrien Castelein

Director · since 17 novembre 2023

Active

Ended mandates

Fabian Tondreau

Director · since 17 novembre 2023

Ended
Katrien Castelein

Director · since 01 décembre 2016

Ended
Katrien Castelein

Manager · since 01 décembre 2016

Ended
Fabian Tondreau

Director · since 07 septembre 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/10/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/03/2023
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates02/01/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/09/2012
    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 20251,4 M €↑
  2. 2024
    Annual accounts 20241,2 M €↓
  3. 2023
    Annual accounts 20232,9 M €↑
  4. 2022
    Annual accounts 20221,4 M €↑
  5. 2021
    Annual accounts 2021917,1 k €↑
  6. 2020
    Annual accounts 2020548,6 k €↑
  7. 2019
    Annual accounts 2019325,5 k €↑
  8. 2018
    Annual accounts 2018157,8 k €↑
  9. 2017
    Annual accounts 201738,3 k €↓
  10. 2016
    Annual accounts 201640,2 k €↓
  11. 2015
    Annual accounts 201571,1 k €↓
  12. 2014
    Annual accounts 201494,7 k €↑
  13. 2013
    Annual accounts 20136,3 k €
  14. 07/09/2012
    IncorporationPrivate limited company