ACTIVE

MAI 68

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Financial year 2025 · closed on 31/12/2025

Net result

63,2 k €

+73.3% YoY

Gross margin

387,6 k €

+10.9% YoY

Equity

790 k €

+8.7% YoY

Workforce

4,5 ETP

+2.3% YoY

What does MAI 68 do?

MAI 68 is a Private company with limited liability incorporated in 2005. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Grâce-Hollogne. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.938.515

Incorporation

07/07/2005

Legal form

Private company with limited liability

Registered office

Rue de Loncin 234
4460 Grâce-Hollogne · WallonieSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

4,5 ETP

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 52421Warehousing and support activities for transportation

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	387,6 k €	+10.9%	349,5 k €	-4.3%	365,4 k €	+13.1%	322,9 k €	-15.7%	383,2 k €	+44.6%	265 k €	-39.5%	438,1 k €	+6.4%	411,5 k €	-0.3%	412,8 k €	+79.1%	230,5 k €	+19.8%	192,4 k €	-7.4%	207,7 k €	-6.3%	221,5 k €	+1.2%	218,9 k €	-0.7%	220,5 k €	+9.9%	200,6 k €	+76.4%	113,7 k €	-43.5%	201,2 k €	-13.9%	233,7 k €	-20.3%	293,3 k €
EBITDA	213,6 k €	+17.2%	182,2 k €	-7.9%	197,9 k €	+20.5%	164,2 k €	-25.6%	220,7 k €	+65.4%	133,4 k €	-50.2%	267,8 k €	+6.2%	252,3 k €	-8.7%	276,5 k €	+123%	123,8 k €	+42.1%	87,1 k €	-0.6%	87,6 k €	-3.3%	90,6 k €	-5.8%	96,2 k €	-16.1%	114,6 k €	+0.2%	114,4 k €	+95.5%	58,5 k €	-58.0%	139,3 k €	-13.4%	160,9 k €	-7.0%	173 k €
Operating result	92,3 k €	+53.0%	60,3 k €	-18.4%	73,9 k €	+89.8%	39 k €	-43.4%	68,9 k €	+609%	-13,5 k €	-113%	107,2 k €	+13.9%	94,1 k €	-14.3%	109,9 k €	+17.6%	93,4 k €	+221%	29,1 k €	+18.5%	24,5 k €	-6.1%	26,1 k €	-15.7%	31 k €	-37.5%	49,6 k €	+774%	5,7 k €	+116%	-35,1 k €	-195%	37 k €	-33.1%	55,3 k €	-13.9%	64,2 k €
Net result	63,2 k €	+73.3%	36,5 k €	-32.9%	54,3 k €	-60.7%	138,4 k €	+155%	54,2 k €	+262%	-33,5 k €	-142%	79,3 k €	+130%	34,4 k €	-64.4%	96,8 k €	+43.6%	67,4 k €	+213%	21,6 k €	+3.3%	20,9 k €	-5.3%	22 k €	-18.9%	27,2 k €	-39.2%	44,7 k €	+1036%	-4,8 k €	+90.1%	-48,2 k €	-476%	12,8 k €	-45.7%	23,6 k €	+64.5%	14,4 k €
Balance sheet
Equity	790 k €	+8.7%	726,8 k €	+5.3%	690,4 k €	+8.5%	636 k €	+27.8%	497,6 k €	+12.2%	443,4 k €	-7.0%	476,9 k €	+19.9%	397,6 k €	+9.5%	363,2 k €	+36.3%	266,5 k €	+33.8%	199,1 k €	+12.1%	177,6 k €	+13.3%	156,7 k €	+16.4%	134,7 k €	+14.6%	117,5 k €	+61.4%	72,8 k €	-6.2%	77,6 k €	-38.3%	125,8 k €	+11.4%	113 k €	+26.4%	89,4 k €
Total assets	1,8 M €	-8.3%	1,9 M €	-6.7%	2,1 M €	-3.7%	2,2 M €	-11.0%	2,4 M €	-9.2%	2,7 M €	-5.1%	2,8 M €	-5.9%	3 M €	-3.3%	3,1 M €	+239%	910,5 k €	+51.0%	603 k €	-6.2%	643 k €	-3.2%	664,2 k €	-11.4%	749,7 k €	-9.0%	823,7 k €	-6.9%	884,5 k €	-10.7%	990,9 k €	-1.9%	1 M €	-5.0%	1,1 M €	-11.3%	1,2 M €
Cash	188,7 k €	+5.1%	179,6 k €	-37.0%	285,1 k €	+33.5%	213,5 k €	+56.1%	136,8 k €	-38.9%	223,9 k €	+63.5%	137 k €	-9.5%	151,3 k €	-24.4%	200,2 k €	-29.2%	282,7 k €	+233%	84,8 k €	+12.7%	75,2 k €	+190%	25,9 k €	-63.3%	70,7 k €	+26.6%	55,8 k €	+5.6%	52,9 k €	-61.3%	136,6 k €	+86.7%	73,2 k €	+103%	36,1 k €	-14.4%	42,2 k €
Debts	979,4 k €	-18.9%	1,2 M €	-12.7%	1,4 M €	-8.8%	1,5 M €	-21.1%	1,9 M €	-13.5%	2,2 M €	-4.7%	2,3 M €	-9.8%	2,6 M €	-5.0%	2,7 M €	+323%	644 k €	+59.4%	403,9 k €	-13.2%	465,5 k €	-8.1%	506,4 k €	-17.7%	615,1 k €	-12.9%	706,2 k €	-12.0%	802,1 k €	-12.2%	913,4 k €	+3.6%	881,8 k €	-5.6%	934,5 k €	-15.0%	1,1 M €
Other
Workforce	4,5 ETP	+2.3%	4,4 ETP	-17.0%	5,3 ETP		–		4,4 ETP	-8.3%	4,8 ETP	-12.7%	5,5 ETP	+1.9%	5,4 ETP	+14.9%	4,7 ETP	+2.2%	4,6 ETP	+9.5%	4,2 ETP	-2.3%	4,3 ETP	-4.4%	4,5 ETP	-10.0%	5,0 ETP	+13.6%	4,4 ETP	+10.0%	4,0 ETP	+100%	2,0 ETP	0.0%	2,0 ETP	-28.6%	2,8 ETP	+27.3%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Fabienne Grutman

Director

Active

Ended mandates

Fabienne Grutman

Manager

Ended

Franck BOUVET

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ANTELOPE● Active	1003.929.214
DEROTHMES● Active	0801.869.997
GERMAINE COLLARD● Active	0437.289.163
GROUPE GERMAINE COLLARD● Active	0809.379.876
HG HOLDING● Active	0898.020.654
LE GODILLOT● Active	0422.888.722
ROMAGES● Active	0811.852.881
ROMA SERVICES● Active	0420.524.395
ROTHMES MANAGEMENT● Active	0458.200.977

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	01/01/2025	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	29/05/2026	29/08/2025	02/09/2024	01/09/2023	17/10/2022	25/10/2021
General meeting	28/05/2026	29/08/2025	31/08/2024	31/08/2023	14/10/2022	30/09/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	29/05/2026	French	PDF
Abridged model	31/12/2024	29/08/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	31/08/2024	02/09/2024	French	PDF
Abridged model	31/12/2022	31/08/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	14/10/2022	17/10/2022	French	PDF
Abridged model	31/12/2020	30/09/2021	25/10/2021	French	PDF
Abridged model	31/12/2019	30/09/2020	31/10/2020	French	PDF
Abridged modelCorrection	31/12/2018	27/08/2019	02/09/2019	French	PDF
Abridged model	31/12/2018	27/08/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	31/08/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	20/07/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	31/07/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	22/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	17/07/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	01/07/2011	French	PDF
Abridged modelCorrection	31/12/2009	31/03/2010	19/05/2010	French	PDF
Abridged model	31/12/2009	31/03/2010	17/05/2010	French	PDF
Abridged model	31/12/2008	31/08/2009	25/09/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	25/07/2008	French	PDF
Abridged model	31/12/2006	23/07/2007	31/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

Fabienne Grutman

Director

Active

Ended mandates

Fabienne Grutman

Manager

Ended

Franck BOUVET

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office28/03/2017
SIEGE SOCIAL
PDF
Mandates23/09/2008
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other15/07/2005
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 202563,2 k €↑
2024
Annual accounts 202436,5 k €↓
2023
Annual accounts 202354,3 k €↓
2022
Annual accounts 2022138,4 k €↑
2021
Annual accounts 202154,2 k €↑
2020
Annual accounts 2020-33,5 k €↓
2019
Annual accounts 201979,3 k €↑
2018
Annual accounts 201834,4 k €↓
2017
Annual accounts 201796,8 k €↑
2016
Annual accounts 201667,4 k €↑
2015
Annual accounts 201521,6 k €↑
2014
Annual accounts 201420,9 k €↓
2013
Annual accounts 201322 k €↓
2012
Annual accounts 201227,2 k €↓
2011
Annual accounts 201144,7 k €↑
2010
Annual accounts 2010-4,8 k €↑
2009
Annual accounts 2009-48,2 k €↓
2008
Annual accounts 200812,8 k €↓
2007
Annual accounts 200723,6 k €↑
2006
Annual accounts 200614,4 k €
07/07/2005
IncorporationPrivate company with limited liability

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 68

Overview

What does MAI 68 do?

Trend over 20 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