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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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAHE from Herve, company number BE0466858921, closed financial year 2025 with a result of € 9,587 after tax. For that financial year MAHE recorded a gross margin of € 104,804 and equity of € 93,551. Compared with financial year 2024, the result moved from € 19,367 to € 9,587. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 93,551
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,587
▼ 51% vs 2024
Profit after tax over the fiscal year.
€ 8,228
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 22,851.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 52,939
▲ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,564
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 52,074
▼ 46% vs 2024
€ 30,439 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 43,091
▲ 112% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,155
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 99,087 | € 118,611 | € 127,880 | € 104,804 | ▼ 18% |
| Profit after taxes | € -15,627 | € 17,865 | € 19,367 | € 9,587 | ▼ 51% |
| Equity | € 60,732 | € 68,597 | € 83,964 | € 93,551 | ▲ 11% |
| Total debts | € 312,091 | € 317,001 | € 276,932 | € 222,931 | ▼ 19% |
| Cash | € 11,351 | € 17,056 | € 9,982 | € 8,228 | ▼ 18% |
| Retained profit | € -9,968 | € -2,103 | € 13,264 | € 22,851 | ▲ 72% |
| Dividend | € 0 | € 10,000 | € 4,000 | € 0 | ▼ 100% |
| Bank debt | € 185,887 | € 142,341 | € 95,721 | € 52,074 | ▼ 46% |
| Balance sheet total | € 395,791 | € 385,599 | € 360,896 | € 316,482 | ▼ 12% |
Key figures of MAHE, 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 MAHE?
What happened at MAHE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,587 (▼ 51% vs 2024). Source: NBB ↗
- New establishment in Herve. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,627 loss in 2022 to € 9,587 profit in 2025.
Paid € 18,085 in corporate taxes since 2022.
Best year ever: 2024, with € 19,367 profit.
Paid out € 14,000 in dividends to the owners in total.
Management
Behind MAHE is Franck DUBOIS.
Directors
According to the 2025 annual accounts
Franck DUBOIS
Director
Establishments
Establishment units
Physical locations of this company
Place de l'Hôtel de Ville 4/6
4650 Herve
Place de l'Hôtel de Ville 4-6
4650 Herve
Active since 12 January 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.858.921
- VAT number
- BE 0466.858.921
- Registered office
- Place de l'Hôtel de Ville 4/6, 4650 Herve
- Names & denominations
- MAHE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 1999
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Groothandel in wijnen en geestrijke dranken