ACTIVE

MAJOR

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Financial year 2023 · closed on 31/12/2023

Net result

172,9 k €

-52.0% YoY

Gross margin

355,2 k €

-4.0% YoY

Equity

858,2 k €

+25.2% YoY

What does MAJOR do?

MAJOR is a Public limited company incorporated in 2008. Its main activity is: Beverage serving activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0897.886.834

Incorporation

14/05/2008

Legal form

Public limited company

Registered office

Borgval 18
1000 Bruxelles · BruxellesSee on map

Contributed capital

62 450,00 €

Latest accounts

31/12/2023

Activities (NACE)

56301Beverage serving activities· main 56301Beverage serving activities 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	355,2 k €	-4.0%	370 k €	+135%	157,5 k €	+40.3%	112,3 k €	-68.5%	356 k €	+52.0%	234,2 k €	+14.3%	204,9 k €	+50.2%	136,4 k €	+86.8%	73 k €	+86.2%	39,2 k €	+158%	15,2 k €	+245%	-10,5 k €	-135%	29,7 k €	+865%	3,1 k €	-1.6%	3,1 k €
EBITDA	213,9 k €	-22.7%	276,6 k €	+96.9%	140,5 k €	+114%	65,8 k €	-76.2%	276,5 k €	+160%	106,4 k €	+9.6%	97,1 k €	+174%	35,5 k €	+1242%	-3,1 k €	+71.9%	-11 k €	+33.8%	-16,7 k €	+32.5%	-24,7 k €	-1763%	1,5 k €	+111%	-13,3 k €	-525%	3,1 k €
Operating result	173 k €	-31.1%	251 k €	+117%	115,7 k €	+204%	38 k €	-84.0%	237,1 k €	+156%	92,7 k €	+10.1%	84,2 k €	+294%	21,3 k €	+284%	-11,6 k €	+30.1%	-16,6 k €	+8.9%	-18,2 k €	+27.9%	-25,3 k €	-2008%	1,3 k €	+110%	-13,4 k €	-530%	3,1 k €
Net result	172,9 k €	-52.0%	360 k €	+418%	69,6 k €	+155%	27,3 k €	-85.4%	186,6 k €	+160%	71,7 k €	+0.5%	71,3 k €	+261%	19,8 k €	+259%	-12,5 k €	-19.9%	-10,4 k €	+71.0%	-35,9 k €	-51.6%	-23,7 k €	-3523%	-653,1 €	+95.2%	-13,5 k €	-532%	3,1 k €
Balance sheet
Equity	858,2 k €	+25.2%	685,3 k €	+85.1%	370,3 k €	+23.1%	300,7 k €	+10.0%	273,4 k €	+107%	131,7 k €	+119%	60,1 k €	+634%	-11,2 k €	+63.8%	-31 k €	-67.3%	-18,5 k €	-128%	-8,1 k €	-129%	27,7 k €	-46.0%	51,4 k €	-1.3%	52,1 k €	-20.6%	65,6 k €
Total assets	1 M €	-5.6%	1,1 M €	+76.4%	628,9 k €	+50.6%	417,7 k €	-1.3%	423,2 k €	+56.8%	269,8 k €	+35.7%	198,8 k €	+30.9%	151,9 k €	+47.2%	103,2 k €	+126%	45,7 k €	-41.3%	77,9 k €	+31.3%	59,3 k €	-35.9%	92,5 k €	+45.6%	63,5 k €	-8.6%	69,5 k €
Cash	308,5 k €	-25.9%	416,3 k €	+50.6%	276,5 k €	+239%	81,6 k €	-51.7%	168,9 k €	+46.1%	115,6 k €	+154%	45,5 k €	+3.5%	44 k €	+42.7%	30,8 k €	+572%	4,6 k €	+16.8%	3,9 k €	+78.4%	2,2 k €	-87.0%	16,9 k €	+59.8%	10,6 k €		–
Debts	189 k €	-55.4%	423,3 k €	+63.7%	258,6 k €	+121%	117 k €	-22.0%	149,9 k €	+8.5%	138,1 k €	-0.5%	138,8 k €	-14.9%	163,1 k €	+21.6%	134,2 k €	+112%	63,4 k €	-16.2%	75,6 k €	+152%	30,1 k €	-17.1%	36,3 k €	+217%	11,4 k €	+193%	3,9 k €
Other
Workforce	–		–		–		2,8 ETP	+33.3%	2,1 ETP		–		–		–		3,2 ETP		–		–		–		0,6 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 31/12/2023 · 2 active · 6 ended

Active mandates

Abdellah KH' LEEH

Managing director · since 01 juin 2013 · until 30 juin 2019

Active

El Houssaine TAHA

Managing director · since 19 mars 2013

Active

Ended mandates

Abdellah KH ' LEEH

Managing director · since 01 juin 2013

Ended

Abdellah KH' LEEH

Managing director · since 01 juin 2013

Ended

El Houssaine TAHA

Managing director · since 07 mai 2013

Ended

Houssaine TAHA

Director · since 19 mars 2013

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires 18 Borgval" à Bruxelles, rue Borgval 18● Active	0823.990.650
SERGENT● Active	0525.998.237
SMILY● Liquidation	0839.609.729

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/10/2025	08/07/2025	29/11/2022	30/11/2021	04/12/2020	31/10/2019
General meeting	30/09/2024	30/09/2023	30/09/2022	24/09/2021	10/09/2020	03/06/2019
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	30/09/2024	03/10/2025	French	PDF
Micro model	31/12/2022	30/09/2023	08/07/2025	French	PDF
Micro model	31/12/2021	30/09/2022	29/11/2022	French	PDF
Abridged model	31/12/2020	24/09/2021	30/11/2021	French	PDF
Abridged model	31/12/2019	10/09/2020	04/12/2020	French	PDF
Micro model	31/12/2018	03/06/2019	31/10/2019	French	PDF
Micro model	31/12/2017	01/06/2018	30/11/2018	French	PDF
Micro model	31/12/2016	02/06/2017	30/01/2018	French	PDF
Abridged model	31/12/2015	06/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	23/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	29/10/2012	French	PDF
Abridged model	31/12/2010	30/08/2011	27/12/2011	French	PDF
Abridged model	31/12/2009	14/04/2011	27/06/2011	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 31/12/2023 · 2 active · 6 ended

Active mandates

Abdellah KH' LEEH

Managing director · since 01 juin 2013 · until 30 juin 2019

Active

El Houssaine TAHA

Managing director · since 19 mars 2013

Active

Ended mandates

Abdellah KH ' LEEH

Managing director · since 01 juin 2013

Ended

Abdellah KH' LEEH

Managing director · since 01 juin 2013

Ended

El Houssaine TAHA

Managing director · since 07 mai 2013

Ended

Houssaine TAHA

Director · since 19 mars 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/05/2022
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates10/05/2022
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2019
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates17/05/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates08/12/2011
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates23/09/2009
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

2023
Annual accounts 2023172,9 k €↓
2022
Annual accounts 2022360 k €↑
2021
Annual accounts 202169,6 k €↑
2020
Annual accounts 202027,3 k €↓
2019
Annual accounts 2019186,6 k €↑
2018
Annual accounts 201871,7 k €↑
2017
Annual accounts 201771,3 k €↑
2016
Annual accounts 201619,8 k €↑
2015
Annual accounts 2015-12,5 k €↓
2014
Annual accounts 2014-10,4 k €↑
2013
Annual accounts 2013-35,9 k €↓
2012
Annual accounts 2012-23,7 k €↓
2011
Annual accounts 2011-653,1 €↑
2010
Annual accounts 2010-13,5 k €↓
2009
Annual accounts 20093,1 k €
14/05/2008
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

MAJOR

Overview

What does MAJOR do?

Trend over 15 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