ACTIVE

MAI THAI

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Financial year 2025 · closed on 31/12/2025

Net result

-21 k €

-1187.9% YoY

Gross margin

-5,9 k €

-408.9% YoY

Equity

336,4 k €

-5.9% YoY

What does MAI THAI do?

MAI THAI is a Private limited company incorporated in 2004. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.483.443

Incorporation

09/12/2004

Legal form

Private limited company

Registered office

Brouwersvliet 18 box GLV
2000 Antwerpen · FlandreSee on map

Contributed capital

14 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

55302Camping grounds, recreational vehicle parks and trailer parks· main 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-5,9 k €	-409%	1,9 k €	+153%	-3,7 k €	+83.8%	-22,6 k €	-136%	62,7 k €	-85.8%	441,5 k €	-25.2%	589,8 k €	+9.1%	540,4 k €	+5.3%	513 k €	+63.2%	314,4 k €	-33.0%	469,1 k €	+6.4%	441 k €	+89.5%	232,8 k €	+47.2%	158,1 k €	+20.7%	131 k €	+64.3%	79,7 k €	-8.4%	87 k €	+454%	15,7 k €	+24.1%	12,7 k €
EBITDA	-23 k €	-3815%	-586,7 €	+90.3%	-6,1 k €	+76.1%	-25,4 k €	-382%	-5,3 k €	-105%	103,2 k €	-48.4%	200 k €	-15.9%	237,9 k €	+12.5%	211,6 k €	+98.2%	106,7 k €	-43.8%	189,8 k €	+16.9%	162,4 k €	+180%	58 k €	+47.2%	39,4 k €	+87.0%	21,1 k €	+662%	2,8 k €	-89.1%	25,4 k €	+92.8%	13,2 k €	+46.7%	9 k €
Operating result	-23,4 k €	-2505%	-898,7 €	+85.6%	-6,2 k €	+75.6%	-25,5 k €	-373%	-5,4 k €	-108%	71,5 k €	-57.2%	167 k €	-19.0%	206,3 k €	+14.9%	179,5 k €	+140%	74,8 k €	-49.0%	146,7 k €	+14.0%	128,7 k €	+289%	33 k €	+21.1%	27,3 k €	+126%	12,1 k €	+243%	-8,5 k €	-159%	14,2 k €	+141%	5,9 k €	+48.9%	4 k €
Net result	-21 k €	-1188%	1,9 k €	+147%	-4,1 k €	+82.3%	-23 k €	-461%	-4,1 k €	-112%	33,6 k €	-58.7%	81,2 k €	-42.9%	142,1 k €	+48.7%	95,6 k €	+144%	39,2 k €	-47.2%	74,3 k €	-1.5%	75,4 k €	+617%	10,5 k €	-22.8%	13,6 k €	+618%	1,9 k €	+111%	-16,8 k €	-296%	8,5 k €	+226%	2,6 k €	+48.1%	1,8 k €
Balance sheet
Equity	336,4 k €	-5.9%	357,4 k €	+0.5%	355,5 k €	-1.1%	359,6 k €	-6.0%	382,6 k €	-31.0%	554,4 k €	+6.4%	520,8 k €	+18.5%	439,6 k €	+47.8%	297,5 k €	+47.4%	201,9 k €	+24.1%	162,6 k €	+52.0%	107 k €	+239%	31,6 k €	+50.0%	21 k €	+184%	7,4 k €	+34.5%	5,5 k €	-75.3%	22,3 k €	+62.2%	13,7 k €	+342%	3,1 k €
Total assets	574,6 k €	-0.9%	579,8 k €	+0.5%	577 k €	-0.8%	581,9 k €	-5.0%	612,4 k €	-6.5%	655 k €	-15.4%	774,1 k €	+7.8%	717,9 k €	+57.7%	455,4 k €	+35.5%	336 k €	-19.9%	419,4 k €	+40.5%	298,4 k €	+36.5%	218,6 k €	+149%	87,9 k €	+25.2%	70,3 k €	+57.5%	44,6 k €	-9.2%	49,1 k €	-2.3%	50,3 k €	+67.9%	30 k €
Cash	872,2 €	-61.7%	2,3 k €	+242%	666,6 €	-38.9%	1,1 k €	-97.1%	37,5 k €	+736%	4,5 k €	-99.2%	582 k €	+3.9%	560 k €	+112%	263,7 k €	+117%	121,3 k €	-20.7%	152,9 k €	+163%	58,1 k €	+241%	17,1 k €	-16.1%	20,3 k €	+30.1%	15,6 k €	+42.2%	11 k €	-23.5%	14,4 k €	+407%	2,8 k €	-29.7%	4 k €
Debts	229,1 k €	+3.1%	222,3 k €	+0.4%	221,5 k €	-0.4%	222,3 k €	-3.3%	229,8 k €	+211%	74 k €	-70.8%	253,2 k €	-9.0%	278,3 k €	+76.3%	157,9 k €	+17.7%	134,2 k €	-45.6%	246,8 k €	+51.0%	163,4 k €	-7.7%	177,1 k €	+211%	56,9 k €	-9.5%	62,8 k €	+60.7%	39,1 k €	+45.6%	26,9 k €	-26.6%	36,6 k €	+36.8%	26,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		7,4 ETP	+23.3%	6,0 ETP	-66.9%	18,1 ETP	+108%	8,7 ETP	+11.5%	7,8 ETP	+105%	3,8 ETP	-11.6%	4,3 ETP	+13.2%	3,8 ETP	+280%	1,0 ETP	0.0%	1,0 ETP		0,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

JOACHIM MELS

Director

Active

Tim Eiamruang

Director

Active

Ended mandates

JOACHIM MELS

Administrator - manager · since 30 mars 2008

Ended

JOACHIM MELS

Manager · since 30 mars 2008

Ended

TIM EIAMRUANG

Administrator - manager · since 26 novembre 2004

Ended

TIM EIAMRUANG

Manager · since 26 novembre 2004

Ended

At this address

Other companies at this address

Company	CBE no.
First Account● Active	0533.925.810
MAJOA● Active	0724.735.696
RYC Groep● Active	0849.201.247
Stefanieco● Active	0635.539.149
Swapphone Europe● Active	0756.682.152
Van Dooren● Active	0407.614.586
Vereniging van mede-eigenaars "Residentie Brouwersvliet 18" te 2000 Antwerpen, Brouwersvliet 18● Active	0775.952.191

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	26/06/2026	24/06/2025	19/06/2024	05/07/2023	30/08/2022	26/10/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	19/06/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	05/07/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	26/10/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	31/08/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	08/07/2020	Dutch	PDF
Micro model	31/12/2017	30/06/2018	07/07/2020	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	24/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	05/01/2009	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

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

Active mandates

JOACHIM MELS

Director

Active

Tim Eiamruang

Director

Active

Ended mandates

JOACHIM MELS

Administrator - manager · since 30 mars 2008

Ended

JOACHIM MELS

Manager · since 30 mars 2008

Ended

TIM EIAMRUANG

Administrator - manager · since 26 novembre 2004

Ended

TIM EIAMRUANG

Manager · since 26 novembre 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office22/08/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/05/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring14/05/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/02/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring01/12/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office08/02/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/04/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2007
ONTSLAGEN - BENOEMINGEN
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 2025-21 k €↓
2024
Annual accounts 20241,9 k €↑
2023
Annual accounts 2023-4,1 k €↑
2022
Annual accounts 2022-23 k €↓
2021
Annual accounts 2021-4,1 k €↓
2019
Annual accounts 201933,6 k €↓
2018
Annual accounts 201881,2 k €↓
2017
Annual accounts 2017142,1 k €↑
2016
Annual accounts 201695,6 k €↑
2015
Annual accounts 201539,2 k €↓
2014
Annual accounts 201474,3 k €↓
2013
Annual accounts 201375,4 k €↑
2012
Annual accounts 201210,5 k €↓
2011
Annual accounts 201113,6 k €↑
2010
Annual accounts 20101,9 k €↑
2009
Annual accounts 2009-16,8 k €↓
2008
Annual accounts 20088,5 k €↑
2007
Annual accounts 20072,6 k €↑
2006
Annual accounts 20061,8 k €
09/12/2004
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

MAI THAI

Overview

What does MAI THAI do?

Trend over 19 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