ACTIVE

MAHOLD

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

6,6 M €

+70.9% YoY

Gross margin

38,4 k €

-96.9% YoY

Equity

34,6 M €

+23.7% YoY

Workforce

0,9 ETP

-74.3% YoY

What does MAHOLD do?

MAHOLD is a Private limited company incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in Kuurne. It employs on average 0,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.097.844

Incorporation

22/12/2005

Legal form

Private limited company

Registered office

Industrielaan 12
8520 Kuurne · FlandreSee on map

Contributed capital

7 226 484,00 €

Latest accounts

31/12/2025

Average workforce

0,9 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	38,4 k €	-96.9%	1,2 M €	+0.2%	1,2 M €	+12.9%	1,1 M €	-9.6%	1,2 M €	+15.9%	1 M €	+22.2%	856 k €	+19.6%	715,6 k €	-16.5%	856,9 k €	+20.7%	710 k €	-29.9%	1 M €	+42.1%	712,8 k €	-16.7%	855,3 k €	+48.8%	574,8 k €	-40.7%	968,9 k €	+723088%	-134 €		–
EBITDA	-65,4 k €	-107%	936,8 k €	-0.7%	943,9 k €	+22.0%	773,4 k €	-17.9%	942,1 k €	+19.8%	786,6 k €	+24.6%	631,2 k €	+28.2%	492,4 k €	-21.4%	626,6 k €	+34.7%	465,1 k €	-41.2%	791,2 k €	+69.6%	466,5 k €	-23.1%	606,3 k €	+83.7%	330 k €	-53.0%	702,8 k €	+65565%	-1,1 k €	-148%	-432,8 €
Operating result	-73,4 k €	-109%	848,4 k €	-1.7%	862,7 k €	+40.5%	614,1 k €	-12.1%	698,5 k €	+32.0%	529 k €	+21.4%	435,7 k €	+9.4%	398,4 k €	-23.6%	521,2 k €	+44.9%	359,7 k €	-24.9%	479,1 k €	+235%	142,8 k €	-49.1%	280,6 k €	+227%	85,9 k €	-81.0%	452,8 k €	+42277%	-1,1 k €	-148%	-432,8 €
Net result	6,6 M €	+70.9%	3,9 M €	+39.4%	2,8 M €	-70.3%	9,4 M €	+142%	3,9 M €	+438%	718,5 k €	+335%	165,2 k €	+33.0%	124,2 k €	-74.3%	482,6 k €	+938%	46,5 k €	-69.5%	152,3 k €	+198%	-155 k €	-896%	-15,6 k €	+92.2%	-199,6 k €	-222%	163,3 k €	+182%	-198,2 k €	-6.3%	-186,4 k €
Balance sheet
Equity	34,6 M €	+23.7%	28 M €	+16.1%	24,1 M €	+13.0%	21,3 M €	+78.0%	12 M €	+47.3%	8,1 M €	+9.7%	7,4 M €	+2.3%	7,3 M €	+1.7%	7,1 M €	+7.3%	6,6 M €	+0.7%	6,6 M €	+2.4%	6,5 M €	+1176%	-599,6 k €	-2.7%	-584,1 k €	-51.9%	-384,5 k €	+29.8%	-547,8 k €	-56.7%	-349,6 k €
Total assets	43,1 M €	+18.9%	36,2 M €	+7.6%	33,7 M €	+13.3%	29,7 M €	+51.8%	19,6 M €	+18.6%	16,5 M €	+1.7%	16,2 M €	+6.6%	15,2 M €	+1.1%	15,1 M €	+2.2%	14,7 M €	-1.4%	15 M €	-3.1%	15,4 M €	+142%	6,4 M €	+4.5%	6,1 M €	+1.5%	6 M €	-1.7%	6,1 M €	+33.6%	4,6 M €
Cash	3,6 M €	+176%	1,3 M €	+56.0%	828,4 k €	+43.4%	577,8 k €	+7.6%	537 k €	+1724%	29,4 k €	-88.0%	246 k €	+213%	78,5 k €	-39.9%	130,6 k €	+20.3%	108,5 k €	-50.0%	217 k €	-38.8%	354,3 k €	-39.8%	588,3 k €	+812%	64,5 k €	+6.5%	60,6 k €	+241%	17,8 k €	-5.6%	18,8 k €
Debts	8,4 M €	+3.2%	8,2 M €	-14.0%	9,5 M €	+13.8%	8,4 M €	+10.3%	7,6 M €	-9.4%	8,4 M €	-5.1%	8,8 M €	+10.6%	8 M €	+0.6%	7,9 M €	-2.0%	8,1 M €	-3.1%	8,4 M €	-6.9%	9 M €	+28.6%	7 M €	+4.3%	6,7 M €	+4.5%	6,4 M €	-4.0%	6,7 M €	+35.3%	4,9 M €
Other
Workforce	0,9 ETP	-74.3%	3,5 ETP	-7.9%	3,8 ETP	-26.9%	5,2 ETP	+18.2%	4,4 ETP	-2.2%	4,5 ETP	+25.0%	3,6 ETP	0.0%	3,6 ETP	-2.7%	3,7 ETP	-11.9%	4,2 ETP	+10.5%	3,8 ETP	-15.6%	4,5 ETP	-2.2%	4,6 ETP	0.0%	4,6 ETP	+7.0%	4,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 5 ended

Active mandates

Bert Maes

Director · since 01 avril 2025

Active

Pol Maes

Director · since 01 avril 2025

Active

Genoveva Mullie

Director

Active

Jan Maes

Director

Active

Ended mandates

Jan Maes

Director · since 29 avril 2017

Ended

Genoveva Mullie

Director · since 19 décembre 2005

Ended

Genoveva Mullie

Manager · since 19 décembre 2005

Ended

Genoveva Mullie

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Stevimmo● Active	0413.479.920

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	07/05/2026	09/04/2025	06/06/2024	25/05/2023	10/06/2022	18/06/2021
General meeting	25/04/2026	01/04/2025	17/05/2024	29/04/2023	20/05/2022	31/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/04/2026	07/05/2026	Dutch	PDF
Abridged model	31/12/2024	01/04/2025	09/04/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	06/06/2024	Dutch	PDF
Abridged model	31/12/2022	29/04/2023	25/05/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	18/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	15/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/04/2018	22/05/2018	Dutch	PDF
Abridged model	31/12/2016	29/04/2017	17/05/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	07/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/04/2014	26/05/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	15/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/04/2010	17/05/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 4 active · 5 ended

Active mandates

Bert Maes

Director · since 01 avril 2025

Active

Pol Maes

Director · since 01 avril 2025

Active

Genoveva Mullie

Director

Active

Jan Maes

Director

Active

Ended mandates

Jan Maes

Director · since 29 avril 2017

Ended

Genoveva Mullie

Director · since 19 décembre 2005

Ended

Genoveva Mullie

Manager · since 19 décembre 2005

Ended

Genoveva Mullie

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/02/2013
KAPITAAL - AANDELEN
PDF
Other04/01/2006
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

2025
Annual accounts 20256,6 M €↑
2024
Annual accounts 20243,9 M €↑
2023
Annual accounts 20232,8 M €↓
2022
Annual accounts 20229,4 M €↑
2021
Annual accounts 20213,9 M €↑
2018
Annual accounts 2018718,5 k €↑
2017
Annual accounts 2017165,2 k €↑
2016
Annual accounts 2016124,2 k €↓
2015
Annual accounts 2015482,6 k €↑
2014
Annual accounts 201446,5 k €↓
2013
Annual accounts 2013152,3 k €↑
2012
Annual accounts 2012-155 k €↓
2011
Annual accounts 2011-15,6 k €↑
2010
Annual accounts 2010-199,6 k €↓
2009
Annual accounts 2009163,3 k €↑
2008
Annual accounts 2008-198,2 k €↓
2007
Annual accounts 2007-186,4 k €
22/12/2005
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

MAHOLD

Overview

What does MAHOLD do?

Trend over 17 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