What does MDH DIFFUSION do?

MDH DIFFUSION is a wholesaler in Spa. Private Limited, started on 14 September 1988, 1 establishment.

What is the address of MDH DIFFUSION?

The registered office of MDH DIFFUSION is located at Avenue Bel Air 19, 4900 Spa.

Is MDH DIFFUSION still active?

Yes. According to the CBE (29 October 2026) MDH DIFFUSION is active, legal situation “Normale toestand”, started on 14 September 1988.

Is MDH DIFFUSION registered on Peppol?

Yes, MDH DIFFUSION is registered on the Peppol network with ID 0208:0435298188.

What is the enterprise number of MDH DIFFUSION?

The enterprise number of MDH DIFFUSION is BE0435298188.

When was MDH DIFFUSION founded?

MDH DIFFUSION was founded on 14 September 1988.

Who are the directors of MDH DIFFUSION?

According to the 2025 annual accounts, the directors of MDH DIFFUSION are: Michel HURLET.

Is MDH DIFFUSION a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 September 1988; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MDH DIFFUSION make in 2025?

MDH DIFFUSION recorded a loss after taxes of € 12,098 in financial year 2025.

What is the revenue of MDH DIFFUSION?

As a small company, MDH DIFFUSION is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -3,311.

MDH DIFFUSION (Private Limited) - Spa - BE0435298188

Dossier MDH DIFFUSION, printed on 29 October 2026 from databakkes.be/en/0435298188/mdh-diffusion. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MDH DIFFUSION from Spa, company number BE0435298188, closed financial year 2025 with a result of € -12,098 after tax. For that financial year MDH DIFFUSION recorded a gross margin of € -3,311 and equity of € -28,804. Compared with financial year 2024, the result moved from € -38,044 to € -12,098. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.

What it is worth Caution

€ -28,804

▼ € 12,098 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -12,098

▲ 68 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 490

▼ 48% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -56,304.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 61

▼ 94% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -909 Gross margin 2022: € -909 First fiscal year in the series	€ -5,606 Gross margin 2023: € -5,606 ▼ € 4,698 vs 2022 (€ -909) Unfavourable step	€ -3,311 Gross margin 2024: € -3,311 ▲ € 2,295 vs 2023 (€ -5,606) Favourable step	€ -3,311 Gross margin 2025: € -3,311 Unchanged (€ -3,311) Unfavourable step
Profit after taxes	€ -7,466 Profit after taxes 2022: € -7,466 First fiscal year in the series	€ -12,095 Profit after taxes 2023: € -12,095 ▼ € 4,629 vs 2022 (€ -7,466) Unfavourable step	€ -38,044 Profit after taxes 2024: € -38,044 ▼ € 25,949 vs 2023 (€ -12,095) Unfavourable step	€ -12,098 Profit after taxes 2025: € -12,098 ▲ € 25,946 vs 2024 (€ -38,044) Favourable step	▲ € 25,946
Equity	€ 33,433 Equity 2022: € 33,433 First fiscal year in the series	€ 21,338 Equity 2023: € 21,338 ▼ 36% vs 2022 (€ 33,433) Unfavourable step	€ -16,706 Equity 2024: € -16,706 ▼ € 38,044 vs 2023 (€ 21,338) Unfavourable step	€ -28,804 Equity 2025: € -28,804 ▼ € 12,098 vs 2024 (€ -16,706) Unfavourable step	▼ € 12,098
Total debts	€ 26,188 Total debts 2022: € 26,188 First fiscal year in the series	€ 25,932 Total debts 2023: € 25,932 ▼ 1% vs 2022 (€ 26,188) Favourable step	€ 30,239 Total debts 2024: € 30,239 ▲ 17% vs 2023 (€ 25,932) Unfavourable step	€ 30,955 Total debts 2025: € 30,955 ▲ 2% vs 2024 (€ 30,239) Unfavourable step	▲ 2%
Cash	€ 18,741 Cash 2022: € 18,741 First fiscal year in the series	€ 17,321 Cash 2023: € 17,321 ▼ 8% vs 2022 (€ 18,741) Unfavourable step	€ 938 Cash 2024: € 938 ▼ 95% vs 2023 (€ 17,321) Unfavourable step	€ 490 Cash 2025: € 490 ▼ 48% vs 2024 (€ 938) Unfavourable step	▼ 48%
Land & buildings	€ 18,454 Land & buildings 2022: € 18,454 First fiscal year in the series	€ 12,558 Land & buildings 2023: € 12,558 ▼ 32% vs 2022 (€ 18,454) Unchanged	€ 6,661 Land & buildings 2024: € 6,661 ▼ 47% vs 2023 (€ 12,558) Unchanged	€ 764 Land & buildings 2025: € 764 ▼ 89% vs 2024 (€ 6,661) Unchanged	▼ 89%
Retained profit	€ 5,933 Retained profit 2022: € 5,933 First fiscal year in the series	€ -6,162 Retained profit 2023: € -6,162 ▼ € 12,095 vs 2022 (€ 5,933) Unfavourable step	€ -44,206 Retained profit 2024: € -44,206 ▼ € 38,044 vs 2023 (€ -6,162) Unfavourable step	€ -56,304 Retained profit 2025: € -56,304 ▼ € 12,098 vs 2024 (€ -44,206) Unfavourable step	▼ € 12,098
Balance sheet total	€ 59,621 Balance sheet total 2022: € 59,621 First fiscal year in the series	€ 47,271 Balance sheet total 2023: € 47,271 ▼ 21% vs 2022 (€ 59,621) Unchanged	€ 13,533 Balance sheet total 2024: € 13,533 ▼ 71% vs 2023 (€ 47,271) Unchanged	€ 2,151 Balance sheet total 2025: € 2,151 ▼ 84% vs 2024 (€ 13,533) Unchanged	▼ 84%

Key figures of MDH DIFFUSION, 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 MDH DIFFUSION?

What happened at MDH DIFFUSION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 15, 2026 New annual accounts for financial year 2025: loss of € 12,098. Source: NBB ↗
Nov 8, 1994 New establishment in Spa. KBO
Sep 14, 1988 Start of the company according to the CBE. KBO

In short

From € 7,466 loss in 2022 to € 12,098 loss in 2025.

Paid € 253 in corporate taxes since 2022.

Original PDFs at the National Bank ↗

Management

Michel HURLET

MDH DIFFUSION

Behind MDH DIFFUSION is Michel HURLET.

Directors

According to the 2025 annual accounts

Michel HURLET

Manager

Establishments

Establishment units

Physical locations of this company

Registered office

Avenue Bel Air 19

4900 Spa

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0435.298.188

VAT number

BE 0435.298.188

Registered office

Avenue Bel Air 19, 4900 Spa

Names & denominations

MDH DIFFUSION

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

14 September 1988

Peppol

Active · Active since 23 Sept 2026

Activities · NACE

Groothandel in uurwerken en sieraden

Groothandel in horloges en uurwerken, artikelen van edele metalen en sieraden

View on CBE Public ↗ Annual accounts (NBB) ↗

MDH DIFFUSION

Warning lights

Financials

What happened to MDH DIFFUSION?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions