MAHOLD
ActiveMAHOLD has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.61M and a net result of €6.62M. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 76% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 7.05 against 4.63 in 2024; short-term debt: 14% and cash: 8.3% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.4%
Return on assets
15.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
113 d early
2023
55 d early
2022
67 d early
2021
51 d early
2020
43 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€34.61M▲ 23.7%
2024 · €27.99M
2018: €8.14M
2019: €8.20M
2020: €8.12M
2021: €11.99M
2022: €21.34M
2023: €24.12M
2024: €27.99M
2018 → 2025
Total assets
€43.06M▲ 18.9%
2024 · €36.23M
2018: €16.51M
2019: €18.69M
2020: €18.95M
2021: €19.58M
2022: €29.71M
2023: €33.66M
2024: €36.23M
2018 → 2025
Net result
€6.62M▲ 70.9%
2024 · €3.87M
2018: €719k
2019: €59k
2020: €-71k
2021: €3.87M
2022: €9.35M
2023: €2.78M
2024: €3.87M
2018 → 2025
Working capital
€36.50M▲ 74.2%
2024 · €20.95M
2018: €-3.62M
2019: €-5.24M
2020: €-4.93M
2021: €-1.95M
2022: €14.16M
2023: €17.03M
2024: €20.95M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11.99M-€21.34M▲ 78.0%€24.12M▲ 13.0%€27.99M▲ 16.1%€34.61M▲ 23.7%
Operating result€698k-€614k▼ 12.1%€863k▲ 40.5%€848k▼ 1.7%€-73k
Net result€3.87M-€9.35M▲ 142%€2.78M▼ 70.3%€3.87M▲ 39.4%€6.62M▲ 70.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €73k after €848k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43.06M
Fixed assets
€517k▼ 94.6%
Current assets
€42.54M▲ 59.1%
Equity and liabilities €43.06M
Equity
€34.61M▲ 23.7%
Debt
€8.44M▲ 2.5%
The debt ratio falls from 22.7% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-65k▼
2024 · €937k
Cash flow
€6.63M▲
2024 · €3.96M
Solvency
80.4%▲
2024 · 77.3%
Current ratio
7.05▲
2024 · 4.63
Quick ratio
7.05▲
2024 · 4.63
Debt / equity
0.24▼
2024 · 0.29
ROE
19.1%▲
2024 · 13.8%
ROA
15.4%▲
2024 · 10.7%
Interest coverage
-0.11▼
2024 · 2.68
Debt
€8.44M▲
2024 · €8.24M
Debt ≤ 1 year
€6.04M▲
2024 · €5.78M
Debt > 1 year
€2.41M=
2024 · €2.41M
Income taxes
€842k▲
2024 · €663k
Staff costs
€74k▼
2024 · €275k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€36.23M€43.06M▲
Fixed assets21/28€9.49M€517k▼
Tangible fixed assets22/27€294k€28k▼
Plant, machinery and equipment23€259k€0▼
Furniture and vehicles24€36k€28k▼
Financial fixed assets28€9.20M€489k▼
Current assets29/58€26.73M€42.54M▲
Amounts receivable after more than one year29-€2.50M
Other amounts receivable291-€2.50M
Amounts receivable within one year40/41€80k€420k▲
Trade receivables40€79k€31k▼
Other amounts receivable41€911€389k▲
Current investments50/53€25.31M€35.90M▲
Cash at bank and in hand54/58€1.29M€3.57M▲
Deferred charges and accrued income490/1€53k€154k▲
Equity and liabilities
Total equity and liabilities10/49€36.23M€43.06M▲
Equity10/15€27.99M€34.61M▲
Contributions10/11€7.23M€7.23M=
Reserves13€20.76M€27.39M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€20.76M€27.39M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€8.24M€8.44M▲
Amounts payable after more than one year17€2.41M€2.41M=
Other amounts payable178/9€2.41M€2.41M=
Amounts payable within one year42/48€5.78M€6.04M▲
Trade debts44€147€12k▲
Suppliers440/4€147€12k▲
Taxes, remuneration and social security45€818k€866k▲
Taxes450/3€782k€866k▲
Remuneration and social security454/9€37k€0▼
Other amounts payable47/48€4.96M€5.16M▲
Accrued charges and deferred income492/3€51k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€275k€74k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€8k▼
Other operating charges640/8€28k€29k▲
Gross operating margin9900€1.24M€38k▼
Operating profit (loss)9901€848k€-73k▼
Financial income75/76B€4.04M€8.15M▲
Recurring financial income75€4.04M€1.97M▼
Non-recurring financial income76B-€6.18M
Financial charges65/66B€350k€610k▲
Recurring financial charges65€350k€610k▲
Profit (loss) for the period before taxes9903€4.54M€7.47M▲
Income taxes67/77€663k€842k▲
Profit (loss) for the period9904€3.87M€6.62M▲
Profit (loss) for the period to be appropriated9905€3.87M€6.62M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.87M€6.62M▲
Transfer to equity691/2€3.87M€6.62M▲
To other reserves6921€3.87M€6.62M▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90873.50.9▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €25MEq €27.99M ▲16.1%
4 profitable years in a row build equity to €27.99M.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €9.35M ▲142%
Net result €9.35M, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 3.37
Current ratio from 0.62 to 3.37.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €3.87M
Net result €3.87M after one loss-making year.
31-12
Financial
Equity above €10MEq €11.99M ▲47.6%
Equity rises from €8.12M to €11.99M.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-71k ▼220%
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kuurne · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrielaan 128520 KuurneGround area
1.3 ha
Building footprint
6,361 m²
Volume, LiDAR
33,073 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAHOLD
since 20052.229.677.533
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36009A0451/00F004 | Flanders | 1.3 ha | 1 · 6,361 m² | 6.6 m · 2 fl. |
| 34023A0453/00V000 | Flanders | 10 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500RUDUI9GP4C5J53
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 2,636 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2005
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.