Financials
Financial year 2025
MAHO from Tienen, company number BE0812300665, closed financial year 2025 with a result of € 55,921 after tax. For that financial year MAHO recorded a gross margin of € 42,711 and equity of € 817,913. Compared with financial year 2024, the result moved from € 99,125 to € 55,921. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 9, 2026.
€ 817,913
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 55,921
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 178,887
▲ 100% 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 € 793,113.
Debts at end 2025
€ 61,343
▼ 18% vs 2024
€ 14,223 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 286
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,291
▼ 32% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,748 | € 80,905 | € 43,209 | € 42,711 | ▼ 1% |
| Profit after taxes | € 261,436 | € 181,097 | € 99,125 | € 55,921 | ▼ 44% |
| Equity | € 481,770 | € 662,866 | € 761,992 | € 817,913 | ▲ 7% |
| Total debts | € 401,459 | € 317,628 | € 229,662 | € 185,265 | ▼ 19% |
| Cash | € 18,215 | € 88,563 | € 89,528 | € 178,887 | ▲ 100% |
| Land & buildings | € 83,312 | € 71,038 | € 58,764 | € 46,490 | ▼ 21% |
| Retained profit | € 456,970 | € 638,066 | € 737,192 | € 793,113 | ▲ 8% |
| Bank debt | € 205,479 | € 136,800 | € 74,883 | € 61,343 | ▼ 18% |
| Balance sheet total | € 883,229 | € 980,495 | € 991,653 | € 1,003,178 | ▲ 1% |
Key figures of MAHO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MAHO?
What happened at MAHO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 55,921 (▼ 44% vs 2024). Source: NBB ↗
- New establishment in Tienen. KBO
- Pascale Maho became a director. NBB
- Nico René Willy Joseph Laermans became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 261,436 profit in 2022 to € 55,921 profit in 2025.
Paid € 97,238 in corporate taxes since 2022.
Best year ever: 2022, with € 261,436 profit.
A new publication or filing at MAHO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MAHO are Pascale Maho and Nico René Willy Joseph Laermans. It owns 99.7% of Apotheek Maho itself.
Directors
According to the 2025 annual accounts
Pascale Maho
Director
since 2009
Nico René Willy Joseph Laermans
Associate
since 2009
Establishments
Establishment units
Physical locations of this company
Sint-Pietersstraat(VSN) 67
3300 Tienen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0812.300.665
- VAT number
- BE 0812.300.665
- Registered office
- Sint-Pietersstraat(VSN) 67, 3300 Tienen
- Names & denominations
- MAHO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2009
- Peppol
- Active · Active since 18 Mar 2025
- Activities · NACE
Detailhandel in farmaceutische producten
Detailhandel in cosmetica en toiletartikelen
Vervaardiging van farmaceutische grondstoffen