Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 31.4 to 24.3.
Financials
Financial year 2025
Mahieu from Oudenburg, company number BE0422418172, closed financial year 2025 with a result of € -145,253 after tax. For that financial year Mahieu recorded a gross margin of € 1.9 million and equity of € 1 million. Compared with financial year 2024, the result moved from € -174,987 to € -145,253. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 1 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -145,253
▲ 17 % less loss than in 2024
Profit after tax over the fiscal year.
€ 627,598
▲ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 637,084.
People and assets in 2025
24.3
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 4% vs 2024
€ 63,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.3 million
▼ 9% vs 2024
Of which on lease € 1.2 million.
Debts at end 2025
€ 2.2 million
▼ 6% vs 2024
€ 311,073 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.1 million
▲ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 107,634
▲ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,913,542 | € 2,334,727 | € 1,899,893 | € 1,935,162 | ▲ 2% |
| Profit after taxes | € 26,387 | € -17,028 | € -174,987 | € -145,253 | ▲ € 29,734 |
| Equity | € 1,482,402 | € 1,332,323 | € 1,157,336 | € 1,012,084 | ▼ 13% |
| Total debts | € 3,804,267 | € 4,036,958 | € 3,057,559 | € 3,461,569 | ▲ 13% |
| Cash | € 784,830 | € 837,916 | € 579,242 | € 627,598 | ▲ 8% |
| Land & buildings | € 468,207 | € 415,597 | € 375,241 | € 335,016 | ▼ 11% |
| Retained profit | € 1,107,402 | € 957,323 | € 782,336 | € 637,084 | ▼ 19% |
| Bank debt | € 2,756,163 | € 2,554,997 | € 2,394,522 | € 2,246,787 | ▼ 6% |
| Balance sheet total | € 5,544,561 | € 5,726,928 | € 4,539,247 | € 4,764,709 | ▲ 5% |
| Employees (FTE) | 31.9 | 31.4 | 26.3 | 24.3 | ▼ 2 |
Key figures of Mahieu, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Mahieu?
What happened at Mahieu in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TB Greenprojects BV stepped down as director. NBB
- Brenda Kimpe stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 145,253. Source: NBB ↗
- TB Greenprojects BV became a director. NBB
- Brenda Kimpe became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Oudenburg. KBO
In short
From € 26,387 profit in 2022 to € 145,253 loss in 2025.
Paid € 49,293 in corporate taxes since 2022.
Best year ever: 2022, with € 26,387 profit.
On average € 79,600 of value added per employee in 2025.
Management
The stake of Ima comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MahieuThe shares are held by Ima (99.9%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Brenda Kimpe
Managing director
since 2023 · until 2029
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leo Baekelandlaan 5
8460 Oudenburg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
LEVEL27-AS * Please direct all complaints to [email protected] *, BE
Website info
Features
Security
Details
- Company number
- 0422.418.172
- VAT number
- BE 0422.418.172
- Registered office
- Leo Baekelandlaan 5, 8460 Oudenburg
- Names & denominations
- Mahieu
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 1982
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- mahieu.be
- Activities · NACE
Landschapsverzorging
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Boomkwekerijen
Boomkwekerijen, muv bosboomkwekerijen
Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten
Groothandel in granen, zaden en diervoeders
Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment
Bouw van autowegen en andere wegen