ACTIVE

MAEHDROS

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Financial year 2024 · closed on 31/12/2024

Net result

312,9 k €

+2542.2% YoY

Gross margin

475,2 k €

+14.0% YoY

Equity

337,1 k €

+107.2% YoY

Workforce

1,8 ETP

What does MAEHDROS do?

MAEHDROS is a Public limited company incorporated in 2005. Its registered office is in Huy. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.036.901

Incorporation

12/07/2005

Legal form

Public limited company

Registered office

Rue Rioul 11 box RCH2
4500 Huy · WallonieSee on map

Contributed capital

318 350,00 €

Latest accounts

31/12/2024

Average workforce

1,8 ETP

Joint committees (3)

14901
200
218

Contacts

3 public details availableLog in to view

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 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	475,2 k €	+14.0%	416,9 k €	+13.9%	365,9 k €	+2.7%	356,4 k €	+80.0%	198 k €	-14.9%	232,7 k €	+6.2%	219,1 k €	-23.3%	285,8 k €	+16.6%	245,1 k €	+18.3%	207,1 k €	-16.9%	249,4 k €	+33.7%	186,4 k €	+11.7%	167 k €	+120%	76 k €	+26.7%	60 k €	+863%	-7,9 k €	-161%	12,9 k €	-68.0%	40,4 k €	+24.0%	32,6 k €
EBITDA	382,2 k €	+126%	169,5 k €	+84.1%	92 k €	-14.8%	108,1 k €	+431%	20,4 k €	+550%	-4,5 k €	-115%	31,1 k €	-76.3%	131,2 k €	+40.0%	93,7 k €	+62.7%	57,6 k €	-41.6%	98,7 k €	-14.5%	115,4 k €	+31.8%	87,5 k €	+190%	30,2 k €	-33.7%	45,5 k €	+399%	-15,2 k €	-285%	8,2 k €	-78.1%	37,6 k €	+27.1%	29,6 k €
Operating result	328,6 k €	+1317%	23,2 k €	-13.3%	26,8 k €	-36.8%	42,3 k €	+173%	-57,8 k €	+36.3%	-90,8 k €	-36.5%	-66,5 k €	-498%	16,7 k €	+255%	-10,8 k €	+81.8%	-59,2 k €	-2558%	2,4 k €	-94.0%	39,9 k €	-9.8%	44,3 k €	+2207%	1,9 k €	-92.0%	24 k €	+184%	-28,7 k €	-1692%	-1,6 k €	-105%	32,7 k €	+59.3%	20,5 k €
Net result	312,9 k €	+2542%	11,8 k €	-40.0%	19,7 k €	-48.4%	38,2 k €	+161%	-62,5 k €	+33.6%	-94,1 k €	-31.6%	-71,5 k €	-4897%	1,5 k €	+116%	-9,6 k €	+83.8%	-59,4 k €	-577%	-8,8 k €	-132%	27,3 k €	-17.6%	33,2 k €	+794%	-4,8 k €	-122%	21,9 k €	+168%	-32,2 k €	-2133%	1,6 k €	-94.4%	28,3 k €	+105%	13,8 k €
Balance sheet
Equity	337,1 k €	+107%	162,7 k €	-10.5%	181,7 k €	+545%	-40,8 k €	+48.4%	-79,1 k €	-376%	-16,6 k €	-121%	77,5 k €	-48.0%	149 k €	+1.0%	147,5 k €	-6.3%	157,4 k €	-27.5%	217,1 k €	-4.0%	226,2 k €	+190%	78 k €	+74.0%	44,8 k €	-9.6%	49,6 k €	+64.6%	30,1 k €	-51.7%	62,4 k €	+28.9%	48,4 k €	+142%	20 k €
Total assets	789 k €	+29.1%	611,1 k €	-9.8%	677,3 k €	+52.3%	444,7 k €	+16.6%	381,5 k €	+7.9%	353,7 k €	-13.9%	410,7 k €	-0.5%	413 k €	+26.2%	327,3 k €	-16.6%	392,2 k €	-8.3%	427,5 k €	+5.6%	405 k €	+47.4%	274,7 k €	+34.6%	204,2 k €	+5.4%	193,7 k €	+88.5%	102,7 k €	-2.5%	105,4 k €	-8.1%	114,6 k €	+49.5%	76,7 k €
Cash	127,9 k €	+1544%	7,8 k €	-92.8%	108,1 k €	+60.4%	67,4 k €	-5.4%	71,2 k €	+58.6%	44,9 k €	-44.4%	80,7 k €	+695%	10,2 k €	-62.2%	26,9 k €	-52.2%	56,2 k €	-44.3%	100,9 k €	-46.5%	188,7 k €	+317%	45,3 k €	+9.0%	41,5 k €	+12.8%	36,8 k €	+47.0%	25,1 k €	+77.7%	14,1 k €	-47.2%	26,7 k €	+97.7%	13,5 k €
Debts	418 k €	-1.5%	424,3 k €	-12.8%	486,4 k €	+3.3%	471 k €	+4.7%	449,8 k €	+22.3%	367,7 k €	+10.3%	333,3 k €	+26.2%	264 k €	+46.9%	179,8 k €	-23.4%	234,8 k €	+11.6%	210,3 k €	+17.8%	178,6 k €	-8.8%	195,9 k €	+34.6%	145,5 k €	+35.9%	107,1 k €	+47.5%	72,6 k €	+71.6%	42,3 k €	-21.6%	54 k €	+20.2%	44,9 k €
Other
Workforce	1,8 ETP		–		5,0 ETP	+2.0%	4,9 ETP	+81.5%	2,7 ETP	-27.0%	3,7 ETP	+2.8%	3,6 ETP	+28.6%	2,8 ETP	-6.7%	3,0 ETP	-3.2%	3,1 ETP	-6.1%	3,3 ETP	+94.1%	1,7 ETP	-10.5%	1,9 ETP	+46.2%	1,3 ETP	+160%	0,5 ETP	+25.0%	0,4 ETP	+33.3%	0,3 ETP	+50.0%	0,2 ETP	0.0%	0,2 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 31/12/2024 · 1 active · 25 ended

Active mandates

TELINVIA

Mandate · 0899.666.288

Represented by Piery Garot

Active

Ended mandates

Bruno MAIRLOT

Director · since 01 avril 2022

Ended

Sophie SMEYERS

Director · since 19 novembre 2020 · until 31 mars 2022

Ended

Sophie SMEYERS

Director · since 19 novembre 2020

Ended

Bruno MAIRLOT Management

Director · since 04 mai 2018 · 0687.976.953

Represented by Bruno MAIRLOT

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/10/2025	25/11/2024	15/05/2023	13/06/2022	27/08/2021	11/11/2020
General meeting	30/09/2025	30/09/2024	21/04/2023	06/06/2022	16/04/2021	09/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/09/2025	13/10/2025	French	PDF
Abridged model	31/12/2023	30/09/2024	25/11/2024	French	PDF
Abridged model	31/12/2022	21/04/2023	15/05/2023	French	PDF
Abridged model	31/12/2021	06/06/2022	13/06/2022	French	PDF
Abridged model	31/12/2020	16/04/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	09/09/2020	11/11/2020	French	PDF
Abridged model	31/12/2018	19/04/2019	05/12/2019	French	PDF
Abridged model	31/12/2017	04/05/2018	20/08/2018	French	PDF
Abridged model	31/12/2016	21/04/2017	17/05/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	18/05/2016	French	PDF
Abridged model	31/12/2014	17/04/2015	14/07/2015	French	PDF
Abridged model	31/12/2013	18/04/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	12/08/2013	French	PDF
Abridged model	31/12/2011	31/08/2012	27/09/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	21/06/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	20/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	26/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	24/08/2007	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 31/12/2024 · 1 active · 25 ended

Active mandates

TELINVIA

Mandate · 0899.666.288

Represented by Piery Garot

Active

Ended mandates

Bruno MAIRLOT

Director · since 01 avril 2022

Ended

Sophie SMEYERS

Director · since 19 novembre 2020 · until 31 mars 2022

Ended

Sophie SMEYERS

Director · since 19 novembre 2020

Ended

Bruno MAIRLOT Management

Director · since 04 mai 2018 · 0687.976.953

Represented by Bruno MAIRLOT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/05/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/12/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates10/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates26/11/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office24/09/2018
SIEGE SOCIAL
PDF
Mandates30/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2017
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 2024312,9 k €↑
2023
Annual accounts 202311,8 k €↓
2022
Annual accounts 202219,7 k €↓
2021
Annual accounts 202138,2 k €↑
2020
Annual accounts 2020-62,5 k €↑
2019
Annual accounts 2019-94,1 k €↓
2018
Annual accounts 2018-71,5 k €↓
2017
Annual accounts 20171,5 k €↑
2016
Annual accounts 2016-9,6 k €↑
2015
Annual accounts 2015-59,4 k €↓
2014
Annual accounts 2014-8,8 k €↓
2013
Annual accounts 201327,3 k €↓
2012
Annual accounts 201233,2 k €↑
2011
Annual accounts 2011-4,8 k €↓
2010
Annual accounts 201021,9 k €↑
2009
Annual accounts 2009-32,2 k €↓
2008
Annual accounts 20081,6 k €↓
2007
Annual accounts 200728,3 k €↑
2006
Annual accounts 200613,8 k €
12/07/2005
IncorporationPublic 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

MAEHDROS

Overview

What does MAEHDROS do?

Trend over 19 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