Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3.6 to 1.8.
Financials
Financial year 2025
Mabrilux from Baelen, company number BE0419393356, closed financial year 2025 with a result of € -32,281 after tax. For that financial year Mabrilux recorded a gross margin of € 104,235 and equity of € -73,299. Compared with financial year 2024, the result moved from € -73,354 to € -32,281. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 25, 2026.
€ -73,299
▼ € 32,281 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32,281
▲ 56 % less loss than in 2024
Profit after tax over the fiscal year.
€ 55,830
▲ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -378,339.
People and assets in 2025
1.8
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 62,176
▼ 40% vs 2024
€ 34,500 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.
Debts at end 2025
€ 800,000
▼ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 22,531
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,487
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 93,095 | € 156,729 | € 119,001 | € 104,235 | ▼ 12% |
| Profit after taxes | € -63,829 | € -53,353 | € -73,354 | € -32,281 | ▲ € 41,073 |
| Equity | € 85,274 | € 32,336 | € -41,018 | € -73,299 | ▼ € 32,281 |
| Total debts | € 1,622,695 | € 1,655,355 | € 1,683,391 | € 1,691,838 | ▲ 1% |
| Cash | € 29,700 | € 47,420 | € 38,440 | € 55,830 | ▲ 45% |
| Land & buildings | € 86,277 | € 77,236 | € 68,196 | € 59,155 | ▼ 13% |
| Retained profit | € -219,766 | € -272,704 | € -346,058 | € -378,339 | ▼ € 32,281 |
| Bank debt | € 1,389,277 | € 1,304,775 | € 805,736 | € 800,000 | ▼ 1% |
| Balance sheet total | € 1,707,969 | € 1,687,692 | € 1,642,372 | € 1,618,539 | ▼ 1% |
| Employees (FTE) | 3.8 | 3.6 | 3 | 1.8 | ▼ 1.2 |
Key figures of Mabrilux, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to Mabrilux?
What happened at Mabrilux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 32,281. Source: NBB ↗
- New establishment in Welkenraedt. KBO
- New establishment in Kelmis. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,829 loss in 2022 to € 32,281 loss in 2025.
Paid € 2,943 in corporate taxes since 2022.
On average € 57,900 of value added per employee in 2025.
Management
Behind Mabrilux is Mathieu WAUTERS.
Directors
According to the 2025 annual accounts
Mathieu WAUTERS
Director
Establishments
Establishment units
Physical locations of this company
Route de Dolhain(BLN) 2
4837 Baelen
Rue Mitoyenne 343
4840 Welkenraedt
Active since 9 October 1997
Route de Liège 215
4720 Kelmis
Active since 9 April 1979
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.393.356
- VAT number
- BE 0419.393.356
- Registered office
- Route de Dolhain(BLN) 2, 4837 Baelen
- Names & denominations
- Mabrilux
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 1979
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Detailhandel in artikelen voor verlichting en woninginrichting
Detailhandel in verlichtingsartikelen
Overige niet-gespecialiseerde detailhandel
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)
Groothandel in andere consumentenartikelen, neg
Overige niet-gespecialiseerde detailhandel in winkels (verkoop van overwegend niet-voedingsmiddelen met verkoopsoppervlakte van mind er dan 2.500 m2)
Overige groothandel in consumentenartikelen, n.e.g.