Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAHU MEAT from Brugge, company number BE0837979040, closed financial year 2025 with a result of € 70,992 after tax. For that financial year MAHU MEAT recorded a gross margin of € 1.8 million and equity of € 822,555. Compared with financial year 2024, the result moved from € 79,890 to € 70,992. The company is profitable. 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 14, 2026.
€ 822,555
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 70,992
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 398,617
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 79,892 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
28.3
▲ 7.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 24% vs 2024
€ 43,600 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.
€ 74,869
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▲ 3% vs 2024
€ 214,066 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 465,791
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 233,843
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 904,565 | € 1,426,722 | € 1,481,679 | € 1,765,894 | ▲ 19% |
| Profit after taxes | € 27,590 | € 306,182 | € 79,890 | € 70,992 | ▼ 11% |
| Equity | € 445,383 | € 751,564 | € 831,455 | € 822,555 | ▼ 1% |
| Total debts | € 2,322,896 | € 2,016,005 | € 2,746,599 | € 2,872,023 | ▲ 5% |
| Cash | € 236,005 | € 390,813 | € 408,052 | € 398,617 | ▼ 2% |
| Land & buildings | € 802,868 | € 740,804 | € 1,352,465 | € 1,573,380 | ▲ 16% |
| Retained profit | € 415,383 | € 721,564 | € 801,455 | € 792,555 | ▼ 1% |
| Dividend | € 0 | € 0 | € 0 | € 79,892 | |
| Bank debt | € 1,532,428 | € 1,394,332 | € 2,069,957 | € 2,132,418 | ▲ 3% |
| Balance sheet total | € 2,768,279 | € 2,767,570 | € 3,578,054 | € 3,694,578 | ▲ 3% |
| Employees (FTE) | 15.9 | 20 | 21.2 | 28.3 | ▲ 7.1 |
Key figures of MAHU MEAT, 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 MAHU MEAT?
What happened at MAHU MEAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 70,992 (▼ 11% vs 2024). Source: NBB ↗
- New establishment in Damme. KBO
- New establishment in Brugge. KBO
- Lore Huyghebaert became a director. NBB
- Bart Maertens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 27,590 profit in 2022 to € 70,992 profit in 2025.
Paid € 88,782 in corporate taxes since 2022.
Best year ever: 2023, with € 306,182 profit.
On average € 62,400 of value added per employee in 2025.
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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 MAHU MEAT are Lore Huyghebaert and Bart Maertens.
Directors
According to the 2025 annual accounts
Lore Huyghebaert
Director
since 2011
Bart Maertens
Director
since 2011
Establishments
Establishment units
Physical locations of this company
Leopold I-laan 98
8000 Brugge
Stationsstraat 116 box 2B
8340 Damme
Active since 31 July 2024
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
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0837.979.040
- VAT number
- BE 0837.979.040
- Registered office
- Leopold I-laan 98, 8000 Brugge
- Names & denominations
- MAHU MEAT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2011
- Peppol
- Active · Active since 8 Oct 2025
- Contact
- maertensbrugge.be
- Activities · NACE
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Activiteiten van syndici van onroerend goed
Overige detailhandel in voedingsmiddelen, neg
Detailhandel in vis en schaal- en weekdieren
Detailhandel in vlees van wild en van gevogelte
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.