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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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MakHzen from Aalst, company number BE0431761054, closed financial year 2025 with a result of € -484,301 after tax. For that financial year MakHzen recorded a gross margin of € -515,807 and equity of € 8.7 million. Compared with financial year 2024, the result moved from € 42,733 to € -484,301. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 8.7 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -484,301
▼ still € 42,733 profit in 2024
Profit after tax over the fiscal year.
€ 12,091
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.3 million.
People and assets in 2025
€ 15,086
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 352,840
▲ 52% vs 2024
€ 59,835 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 248,071
▲ 300% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,894
▲ € 43,879 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 175,544 | € 20,247 | € 53,364 | € -515,807 | ▼ € 569,171 |
| Profit after taxes | € 76,141 | € -19,594 | € 42,733 | € -484,301 | ▼ € 527,034 |
| Equity | € 9,163,976 | € 9,144,381 | € 9,175,909 | € 8,691,608 | ▼ 5% |
| Total debts | € 660,659 | € 530,182 | € 1,193,876 | € 1,676,564 | ▲ 40% |
| Cash | € 506,061 | € 338,674 | € 66,621 | € 12,091 | ▼ 82% |
| Land & buildings | € 1,073,604 | € 1,033,954 | € 1,032,958 | € 960,811 | ▼ 7% |
| Retained profit | € 6,819,838 | € 6,800,243 | € 6,831,772 | € 6,347,470 | ▼ 7% |
| Bank debt | € 470,543 | € 350,029 | € 232,238 | € 352,840 | ▲ 52% |
| Balance sheet total | € 9,938,958 | € 9,785,152 | € 10,476,639 | € 10,471,291 | |
| Employees (FTE) | 1.4 | 0.6 | 0 | - |
Key figures of MakHzen, 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 MakHzen?
What happened at MakHzen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Judith Vancoillie stepped down as director. NBB
- Marsanta BV stepped down as director. NBB
- Finance Consulting De Vos BV stepped down as director. NBB
- Herman Uyttersprot stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 484,301 (▼ € 527,034 vs 2024). Source: NBB ↗
- Judith Vancoillie became a director. NBB
- Marsanta BV became a director. NBB
- Finance Consulting De Vos BV became a director. NBB
In short
From € 76,141 profit in 2022 to € 484,301 loss in 2025.
Paid € 117,411 in corporate taxes since 2022.
Best year ever: 2022, with € 76,141 profit.
On average € 125,400 of value added per employee in 2022.
Management
It owns 100% of Dybo, 100% of Avian, 100% of INNOPRO, 100% of Vomeg, 100% of GEMOGA and 100% of StorMen itself.
Directors
According to the 2025 annual accounts
Judith Vancoillie
Director
since 2023 · until 2029
Director · represented by Uyttersprot Bart
Also active at: VOMEG, SUNCREST, GEMOGA, INNOPRO, Drop Office Building
since 2023 · until 2029
Director · represented by De Vos Peggy
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Korte Keppestraat 7 box 52
9320 Aalst
Krommewal 3 box 501
9000 Gent
Active since 18 September 1987
Korte Keppestraat 9 box 1
9320 Aalst
Active since 2 October 1990
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →VOMEG same network
€ -4,200 gross margin · 2025
REDIMA same network
€ -2,089 gross margin · 2025
SUNCREST same network
€ -1,282 gross margin · 2025
EVASION PROPERTY
€ -29,898 gross margin · 2025
GEMOGA same network
€ -13,710 gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.761.054
- VAT number
- BE 0431.761.054
- Registered office
- Korte Keppestraat 7 bus 52, 9320 Aalst
- Names & denominations
- MakHzen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 1987
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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