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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Shrinking team NBB
FTE fell two years in a row, from 1.3 to 0.6.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
MAVY from Tielt, company number BE0433655821, closed financial year 2023 with a result of € 1.1 million after tax. For that financial year MAVY recorded a gross margin of € -17,125 and equity of € 13.8 million. Compared with financial year 2022, the result moved from € 5 million to € 1.1 million. The company is profitable. 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 June 21, 2024.
€ 13.8 million
▲ 9% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▼ 77% vs 2022
Profit after tax over the fiscal year.
€ 89,120
▼ 92% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 8.6 million.
People and assets in 2023
0.6
▼ 0.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 25,356
▲ 7% vs 2022
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 2023
None
No bank loans on the last day of the fiscal year.
€ 22,363
▼ 56% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 3,806
▲ 18% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 133,502 | € 1,999,650 | € -17,125 | ▼ € 2 million |
| Profit after taxes | € 679,799 | € 5,017,637 | € 1,134,404 | ▼ 77% |
| Equity | € 7,641,723 | € 12,659,360 | € 13,793,764 | ▲ 9% |
| Total debts | € 4,386,108 | € 2,332,843 | € 107,246 | ▼ 95% |
| Cash | € 447,662 | € 1,144,094 | € 89,120 | ▼ 92% |
| Land & buildings | € 3,434,531 | € 3,374,048 | € 3,313,565 | ▼ 2% |
| Retained profit | € 2,469,352 | € 7,486,989 | € 8,621,393 | ▲ 15% |
| Bank debt | € 2,322,000 | € 2,167,200 | € 0 | ▼ 100% |
| Balance sheet total | € 12,161,860 | € 15,124,755 | € 14,032,085 | ▼ 7% |
| Employees (FTE) | 1.3 | 0.8 | 0.6 | ▼ 0.2 |
Key figures of MAVY, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MAVY?
What happened at MAVY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 1.1 million (▼ 77% vs 2022). Source: NBB ↗
- Sylvia MAES became a director. NBB
- Virginie MAES became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 679,799 profit in 2021 to € 1.1 million profit in 2023.
Best year ever: 2022, with € 5 million profit.
On average € 102,700 of value added per employee in 2021.
Management
Behind MAVY are Sylvia MAES and Virginie MAES. It owns 100% of EUROSENSE TECHNOLOGIES, 100% of EUROSENSE BELFOTOP and 90% of ESRI BELUX itself.
Directors
According to the 2023 annual accounts
since 2017
Virginie MAES
Director
Also active at: Eurosense Belfotop, Société wallonne de Photogrammetrie, EUROSENSE TECHNOLOGIES
since 2017
Establishments
Establishment units
Physical locations of this company
Oude Stationstraat 144
8700 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.655.821
- VAT number
- BE 0433.655.821
- Registered office
- Oude Stationstraat 144, 8700 Tielt
- Names & denominations
- MAVY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van syndici van onroerend goed