ACTIVE

mazerine Partners

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Financial year 2025 · closed on 31/03/2025

Net result

183,4 k €

-71.6% YoY

Gross margin

17,1 k €

-96.6% YoY

Equity

2,8 M €

-1.4% YoY

What does mazerine Partners do?

mazerine Partners is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Lasne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.242.304

Incorporation

17/12/2003

Legal form

Private limited company

Registered office

Chemin du Bois Magonette 13
1380 Lasne · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/03/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	17,1 k €	-96.6%	500,6 k €	+170%	185,4 k €	-56.0%	421,0 k €	-66.7%	1,3 M €	+349%	281,5 k €	+17.2%	240,2 k €	-53.0%	511,1 k €	+281%	134,2 k €	-43.2%	236,2 k €	+133%	101,4 k €	+4.1%	97,5 k €	-19.7%	121,4 k €	+31.0%	92,6 k €	+14.0%	81,2 k €	-47.0%	153,1 k €	-36.4%	240,9 k €	+26.1%	191,1 k €
EBITDA	8,7 k €	-98.2%	481,2 k €	+167%	180,5 k €	-56.5%	415,2 k €	-66.9%	1,3 M €	+353%	277,3 k €	+18.1%	234,7 k €	-51.2%	480,6 k €	+279%	126,7 k €	-43.1%	222,5 k €	+139%	93,3 k €	+3.9%	89,8 k €	-19.4%	111,3 k €	+30.1%	85,6 k €	+12.7%	75,9 k €	-43.6%	134,5 k €	-34.9%	206,8 k €	+27.1%	162,7 k €
Operating result	-29,2 k €	-106%	458,1 k €	+231%	138,6 k €	-63.1%	375,1 k €	-69.2%	1,2 M €	+419%	234,2 k €	+59.7%	146,7 k €	-57.8%	347,4 k €	+490%	58,8 k €	-63.4%	160,8 k €	+228%	49,0 k €	-21.0%	62,0 k €	-31.6%	90,6 k €	+84.0%	49,2 k €	+41.4%	34,8 k €	+69.4%	20,6 k €	-87.9%	170,5 k €	+26.3%	135,0 k €
Net result	183,4 k €	-71.6%	645,6 k €	+110%	307,3 k €	-5.9%	326,6 k €	-72.2%	1,2 M €	+552%	180,3 k €	+33.2%	135,4 k €	-42.4%	235,1 k €	+208%	76,4 k €	-71.6%	268,5 k €	+270%	72,7 k €	+15.6%	62,8 k €	-55.2%	140,4 k €	+59.0%	88,3 k €	+72.1%	51,3 k €	+259%	14,3 k €	-87.5%	114,1 k €	+36.2%	83,7 k €
Balance sheet
Equity	2,8 M €	-1.4%	2,9 M €	+16.6%	2,5 M €	+14.2%	2,2 M €	+12.7%	1,9 M €	+111%	908,4 k €	+24.8%	728,1 k €	+22.8%	592,7 k €	+65.7%	357,6 k €	+27.2%	281,3 k €	+149%	112,8 k €	-33.7%	170,0 k €	+58.7%	107,1 k €	+0.4%	106,7 k €	-1.5%	108,3 k €	-55.7%	244,7 k €	+6.2%	230,4 k €	+98.1%	116,3 k €
Total assets	3,1 M €	-6.3%	3,3 M €	+16.3%	2,8 M €	+8.9%	2,6 M €	+3.6%	2,5 M €	+65.7%	1,5 M €	+7.5%	1,4 M €	+40.8%	1,0 M €	+25.4%	799,3 k €	-12.6%	914,9 k €	+18.2%	774,2 k €	+19.6%	647,5 k €	-24.2%	854,1 k €	+0.1%	853,1 k €	-6.1%	908,7 k €	-1.3%	920,4 k €	+189%	318,7 k €	+36.4%	233,7 k €
Cash	113,1 k €	-43.0%	198,4 k €	-56.9%	460,4 k €	-28.2%	641,2 k €	-43.7%	1,1 M €	+661%	149,6 k €	-23.5%	195,5 k €	+221%	61,0 k €	-57.3%	142,7 k €	+331%	33,1 k €	-58.5%	79,7 k €	+49.7%	53,3 k €	-76.9%	230,8 k €	+13.7%	203,1 k €	-6.0%	215,9 k €	+17.1%	184,3 k €	+31.8%	139,8 k €	+1531%	8,6 k €
Debts	256,4 k €	-39.3%	422,4 k €	+14.8%	367,8 k €	-16.9%	442,6 k €	-24.7%	587,5 k €	-3.1%	606,4 k €	-10.9%	680,4 k €	+67.4%	406,4 k €	-7.2%	438,0 k €	-30.5%	629,8 k €	-4.1%	657,1 k €	+39.0%	472,7 k €	-36.0%	738,2 k €	-0.4%	740,9 k €	-6.8%	795,0 k €	+18.2%	672,8 k €	+680%	86,3 k €	-25.4%	115,6 k €
Other
Workforce	–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-50.0%	0,6 ETP	-25.0%	0,8 ETP

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 31/03/2025 · 2 active · 5 ended

Active mandates

Fabienne Van de Keere

Director · since 02 janvier 2009

Active

Vincent VLIEBERGH

Director · since 26 novembre 2003

Active

Ended mandates

Vincent Vliebergh

Manager · since 26 novembre 2003

Ended

Fabienne Van de Keere

Director

Ended

Fabienne Van de Keere

Manager

Ended

Vincent Vliebergh

Director

Ended

At this address

Other companies at this address

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Hauteterre CS● Active	0786.802.038
Highland Life Sciences● Active	0760.496.727

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	17/10/2024	30/10/2023	03/10/2022	27/09/2021	23/09/2020
General meeting	16/09/2025	17/09/2024	19/09/2023	30/09/2022	21/09/2021	15/09/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	16/09/2025	30/10/2025	French	PDF
Abridged model	31/03/2024	17/09/2024	17/10/2024	French	PDF
Abridged model	31/03/2023	19/09/2023	30/10/2023	French	PDF
Abridged model	31/03/2022	30/09/2022	03/10/2022	French	PDF
Abridged model	31/03/2021	21/09/2021	27/09/2021	French	PDF
Abridged model	31/03/2020	15/09/2020	23/09/2020	French	PDF
Abridged model	31/03/2019	27/09/2019	01/10/2019	French	PDF
Abridged model	31/03/2018	27/09/2018	17/10/2018	French	PDF
Abridged model	30/06/2016	05/12/2016	19/12/2016	French	PDF
Abridged model	30/06/2015	04/12/2015	11/12/2015	French	PDF
Abridged model	30/06/2014	15/12/2014	22/12/2014	French	PDF
Abridged model	30/06/2013	19/12/2013	23/12/2013	French	PDF
Abridged model	30/06/2012	10/12/2012	14/12/2012	French	PDF
Abridged model	30/06/2011	07/10/2011	09/12/2011	French	PDF
Abridged model	30/06/2010	03/12/2010	16/12/2010	French	PDF
Abridged model	30/06/2009	04/12/2009	23/12/2009	French	PDF
Abridged model	30/06/2008	05/12/2008	18/12/2008	French	PDF
Abridged model	30/06/2007	07/12/2007	12/12/2007	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 31/03/2025 · 2 active · 5 ended

Active mandates

Fabienne Van de Keere

Director · since 02 janvier 2009

Active

Vincent VLIEBERGH

Director · since 26 novembre 2003

Active

Ended mandates

Vincent Vliebergh

Manager · since 26 novembre 2003

Ended

Fabienne Van de Keere

Director

Ended

Fabienne Van de Keere

Manager

Ended

Vincent Vliebergh

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other02/08/2017
ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares17/12/2014
CAPITAL, ACTIONS
PDF
Registered office23/09/2010
SIEGE SOCIAL
PDF
Mandates22/04/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates30/11/2007
DEMISSIONS, NOMINATIONS
PDF
Other24/12/2003
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 2025183,4 k €↓
2024
Annual accounts 2024645,6 k €↑
2023
Annual accounts 2023307,3 k €↓
2022
Annual accounts 2022326,6 k €↓
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 2020180,3 k €↑
2019
Annual accounts 2019135,4 k €↓
2018
Annual accounts 2018235,1 k €↑
2016
Annual accounts 201676,4 k €↓
2015
Annual accounts 2015268,5 k €↑
2014
Annual accounts 201472,7 k €↑
2013
Annual accounts 201362,8 k €↓
2012
Annual accounts 2012140,4 k €↑
2011
Annual accounts 201188,3 k €↑
2010
Annual accounts 201051,3 k €↑
2009
Annual accounts 200914,3 k €↓
2008
Annual accounts 2008114,1 k €↑
2007
Annual accounts 200783,7 k €
17/12/2003
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

mazerine Partners

Overview

What does mazerine Partners do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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