ACTIVE

MAJAST

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Financial year 2025 · closed on 31/12/2025

Net result

65,1 k €

+12.0% YoY

Gross margin

96,3 k €

+11.7% YoY

Equity

2,6 M €

+2.5% YoY

What does MAJAST do?

MAJAST is a Private company with limited liability incorporated in 2007. Its main activity is: Buying and selling of own real estate. Its registered office is in Tielt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.368.119

Incorporation

09/11/2007

Legal form

Private company with limited liability

Registered office

Tenhovestraat 6A
8700 Tielt · FlandreSee on map

Contributed capital

2 027 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices 68202Rental and operating of own or leased real estate 68202Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	96,3 k €	+11.7%	86,2 k €	+1.7%	84,8 k €	-1.0%	85,6 k €	-1.7%	87,2 k €	-0.2%	87,3 k €	-6.9%	93,8 k €	-12.2%	106,8 k €	+440%	19,8 k €	+10.2%	18 k €	+62.2%	11,1 k €	-23.5%	14,5 k €	-10.6%	16,2 k €	+15.4%	14 k €	+12.5%	12,5 k €	-1.3%	12,6 k €	-2.7%	13 k €	-31.8%	19,1 k €
EBITDA	96,2 k €	+11.9%	86 k €	+1.5%	84,7 k €	-0.9%	85,4 k €	-0.7%	86,1 k €	-1.2%	87,2 k €	-6.9%	93,6 k €	-11.5%	105,8 k €	+460%	18,9 k €	+6.4%	17,8 k €	+61.7%	11 k €	-17.7%	13,3 k €	-11.4%	15,1 k €	+17.2%	12,8 k €	+13.1%	11,4 k €	-1.3%	11,5 k €	-5.9%	12,2 k €	-34.4%	18,7 k €
Operating result	96,2 k €	+11.9%	86 k €	+1.5%	84,7 k €	-0.9%	85,4 k €	-0.7%	86,1 k €	-1.2%	87,2 k €	-6.9%	93,6 k €	-11.5%	105,8 k €	+460%	18,9 k €	+6.4%	17,8 k €	+61.7%	11 k €	-17.7%	13,3 k €	-11.4%	15,1 k €	+17.2%	12,8 k €	+13.1%	11,4 k €	-1.3%	11,5 k €	-5.9%	12,2 k €	-34.4%	18,7 k €
Net result	65,1 k €	+12.0%	58,1 k €	-13.7%	67,4 k €	+5.7%	63,7 k €	-0.8%	64,2 k €	+0.9%	63,7 k €	-0.4%	63,9 k €	-11.6%	72,3 k €	+417%	14 k €	+4.4%	13,4 k €	+59.0%	8,4 k €	-17.0%	10,2 k €	+0.1%	10,2 k €	+16.6%	8,7 k €	+12.7%	7,7 k €	-1.2%	7,8 k €	-0.7%	7,9 k €	-43.6%	14 k €
Balance sheet
Equity	2,6 M €	+2.5%	2,6 M €	+2.3%	2,5 M €	+2.7%	2,5 M €	+2.7%	2,4 M €	+2.8%	2,3 M €	+2.8%	2,3 M €	+2.9%	2,2 M €	+3.4%	2,1 M €	+0.7%	2,1 M €	+0.6%	2,1 M €	+0.4%	2,1 M €	+0.5%	2,1 M €	+0.5%	2,1 M €	+0.4%	2,1 M €	+0.4%	2,1 M €	+0.4%	2 M €	+0.4%	2 M €
Total assets	2,7 M €	+3.3%	2,6 M €	+2.6%	2,5 M €	+2.4%	2,5 M €	+1.4%	2,4 M €	+2.2%	2,4 M €	+2.3%	2,3 M €	+1.3%	2,3 M €	+2.8%	2,2 M €	+5.6%	2,1 M €	+0.6%	2,1 M €	+0.3%	2,1 M €	+0.2%	2,1 M €	+0.0%	2,1 M €	+1.3%	2,1 M €	+0.3%	2,1 M €	+0.2%	2,1 M €	-0.0%	2,1 M €
Cash	2,4 k €	-60.6%	6,1 k €	+209%	2 k €	-45.5%	3,6 k €	+38.3%	2,6 k €	+429%	494,6 €	-57.3%	1,2 k €	+830%	124,6 €	-98.9%	11,2 k €	+409%	2,2 k €	-63.1%	6 k €	-27.8%	8,3 k €	+7728%	106 €	-84.2%	671 €	-83.4%	4 k €	+1157%	322 €	-87.0%	2,5 k €	-64.1%	6,9 k €
Debts	47,4 k €	+72.3%	27,5 k €	+38.5%	19,9 k €	-25.2%	26,6 k €	-52.3%	55,7 k €	-16.1%	66,4 k €	-13.1%	76,4 k €	-30.3%	109,6 k €	-7.1%	118,1 k €	+865%	12,2 k €	-7.2%	13,2 k €	-14.0%	15,3 k €	-24.4%	20,3 k €	-32.2%	29,9 k €	+162%	11,4 k €	-4.4%	12 k €	-26.7%	16,3 k €	-34.1%	24,7 k €
Other
Workforce	–		–		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 · 2 ended

Active mandates

CONNY DEGRYSE

Director

Active

Lieven Depraetere

Director

Active

Ended mandates

CONNY DEGRYSE

Manager

Ended

Lieven Depraetere

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Constructie Spiessens● Active	0413.640.464
MANAGEMENT CONSULTANCY OFFICE● Active	0444.249.904
SPIESSENS● Active	0475.767.677

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	12/08/2025	04/06/2024	31/08/2023	31/08/2022	11/06/2021
General meeting	30/06/2026	30/06/2025	01/06/2024	03/06/2023	31/07/2022	05/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	31/08/2023	Dutch	PDF
Micro modelCorrection	31/12/2021	31/07/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2021	04/06/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	11/06/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	06/07/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	31/08/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	10/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	09/06/2009	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 · 2 ended

Active mandates

CONNY DEGRYSE

Director

Active

Lieven Depraetere

Director

Active

Ended mandates

CONNY DEGRYSE

Manager

Ended

Lieven Depraetere

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other21/11/2007
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 202565,1 k €↑
2024
Annual accounts 202458,1 k €↓
2023
Annual accounts 202367,4 k €↑
2022
Annual accounts 202263,7 k €↓
2021
Annual accounts 202164,2 k €↑
2020
Annual accounts 202063,7 k €↓
2019
Annual accounts 201963,9 k €↓
2018
Annual accounts 201872,3 k €↑
2017
Annual accounts 201714 k €↑
2016
Annual accounts 201613,4 k €↑
2015
Annual accounts 20158,4 k €↓
2014
Annual accounts 201410,2 k €↑
2013
Annual accounts 201310,2 k €↑
2012
Annual accounts 20128,7 k €↑
2011
Annual accounts 20117,7 k €↓
2010
Annual accounts 20107,8 k €↓
2009
Annual accounts 20097,9 k €↓
2008
Annual accounts 200814 k €
09/11/2007
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

MAJAST

Overview

What does MAJAST 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