Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.8 to 0.9.
Financials
Financial year 2025
MAHOLD from Kuurne, company number BE0878097844, closed financial year 2025 with a result of € 6.6 million after tax. For that financial year MAHOLD recorded a gross margin of € 38,423 and equity of € 34.6 million. Compared with financial year 2024, the result moved from € 3.9 million to € 6.6 million. Profitable, and profit is growing. 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 May 7, 2026.
€ 34.6 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.6 million
▲ 71% vs 2024
Profit after tax over the fiscal year.
€ 3.6 million
▲ 176% 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 € 27.4 million.
People and assets in 2025
0.9
▼ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 74,418
▼ 73% 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.
€ 27,706
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12,361
▲ € 12,214 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 865,777
▲ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,095,813 | € 1,237,612 | € 1,240,197 | € 38,423 | ▼ 97% |
| Profit after taxes | € 9,354,509 | € 2,778,827 | € 3,874,686 | € 6,622,838 | ▲ 71% |
| Equity | € 21,340,283 | € 24,116,709 | € 27,991,396 | € 34,614,233 | ▲ 24% |
| Total debts | € 8,370,322 | € 9,540,924 | € 8,236,150 | € 8,444,079 | ▲ 3% |
| Cash | € 577,796 | € 828,422 | € 1,292,100 | € 3,569,382 | ▲ 176% |
| Retained profit | € 14,113,799 | € 16,890,225 | € 20,764,912 | € 27,387,749 | ▲ 32% |
| Dividend | € 2,400 | € 2,400 | € 0 | € 0 | |
| Balance sheet total | € 29,710,604 | € 33,657,633 | € 36,227,545 | € 43,058,312 | ▲ 19% |
| Employees (FTE) | 5.2 | 3.8 | 3.5 | 0.9 | ▼ 2.6 |
Key figures of MAHOLD, 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 MAHOLD?
What happened at MAHOLD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6.6 million (▲ 71% vs 2024). Source: NBB ↗
- Bert Maes became a director. NBB
- Pol Maes became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 9.4 million profit in 2022 to € 6.6 million profit in 2025.
Paid € 3 million in corporate taxes since 2022.
Best year ever: 2022, with € 9.4 million profit.
On average € 354,300 of value added per employee in 2024.
Management
Behind MAHOLD are Bert Maes, Jan Maes, Pol Maes and Genoveva Mullie. It owns 100% of Outils Bois SRL itself.
Directors
According to the 2025 annual accounts
since 2025
since 2025
Establishments
Establishment units
Physical locations of this company
Industrielaan 12
8520 Kuurne
Lodewijk de Raetlaan 41
8870 Izegem
Active since 22 December 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0878.097.844
- VAT number
- BE 0878.097.844
- Registered office
- Industrielaan 12, 8520 Kuurne
- Names & denominations
- MAHOLD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2005
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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