MAHE
ActiveFrom the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MAHE has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €234,380 and a net result of €29,862. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 85% of 555 sector peers (NACE 79, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 19-01-2000 Normal situation
- Activity
- Travel agency activities NACE 79110and 1 other
- Establishment unit
- 2.099.455.231 9270 Laarne, since 16-03-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €69,994
- ▼ 1.7%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €29,862
- ▼ 4.3%
- Equity
- €234,380
- ▼ 32.6%
- Total assets
- €315,688
- ▼ 18.3%
Score breakdownlowers riskLiquidity: current ratio 3.65, cash €182,667Equity €234,380 (74.2% of total assets)Founded in 2000Size: total assets €315,688Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 79, micro). It does better than 85% of them on solvency, 88% on liquidity, 75% on profitability and 14% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 84 days before the deadline. In the sector (NACE 79), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: More equity than 88% of companies in travel agenciessector median €58,944 · 556 companies €234,380 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: Equity fell in 2025from €347,908 to €234,380 ▼ 32.6% View
- Positive: 5 profitable years in a rowprofit 2025: €29,862 5 years View
Comparable companies
These companies have the same main activity as MAHE: travel agency activities (NACE 79110). They are comparable in size and age: total assets between €215,000 and €482,000, founded between 1989 and 2000.
| Company | Total assets | Gross margin |
|---|---|---|
| MAHE Laarne | €315,688 | €69,994 |
| AELITA Waterloo | €273,302 | €63,551 |
| TRAVEL DESIGN Antwerpen | €387,721 | €68,773 |
| SCANCOMING Sint-Niklaas | €215,363 | €62,762 |
| FLY TRAVEL Dendermonde | €481,791 | €58,698 |
| REIZEN PLUS + Aalter | €343,373 | €87,688 |
| LES VOYAGES MERCIER Mons | €388,342 | €82,708 |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 15-06-2026
- Annual accounts 2024filed on 09-07-2025
- Annual accounts 2023filed on 21-06-2024
- Annual accounts 2022filed on 21-03-2023
Acts in the Belgian Official Gazette
- Amendment of the articles · Legal-form change · Resignations & appointments · Miscellaneousact of 07-09-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MAHE
- What is the company number of MAHE?
- The company number of MAHE is 0469.466.637. The VAT number is the same number with BE in front: BE 0469.466.637.
- Where is MAHE based?
- The registered office is at Vaartstraat 44, 9270 Laarne.Company details
- What does MAHE do?
- According to the KBO register, the main activity is travel agency activities (NACE 79110).
- What is the legal form of MAHE?
- The legal form of MAHE is Private limited company (BV).
- When was MAHE founded?
- MAHE was founded on 19-01-2000.
- Is MAHE still active?
- Yes, MAHE is an active enterprise in the KBO register.
- What is the turnover of MAHE?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €69,994 and 2,678 comparable companies of the same size. It probably lies between €140,000 and €360,000. It is a rough estimate.Financials
- Is MAHE profitable?
- In financial year 2025, MAHE made a profit of €29,862.
- Where can I find the annual accounts of MAHE?
- MAHE filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of MAHE due?
- MAHE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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