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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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MABED from Erpe-Mere, company number BE0439359322, closed financial year 2025 with a result of € 425,371 after tax. For that financial year MABED recorded a gross margin of € 362,955 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 291,490 to € 425,371. 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 July 20, 2026.
€ 1.9 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 425,371
▲ 46% vs 2024
Profit after tax over the fiscal year.
€ 26,419
▲ 198% 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 € 1.8 million.
People and assets in 2025
€ 15,560
▼ 45% 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.
€ 80,286
▲ € 79,739 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,352
▼ 41% 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 | € 150,547 | € 374,426 | € 425,216 | € 362,955 | ▼ 15% |
| Profit after taxes | € 111,434 | € 253,602 | € 291,490 | € 425,371 | ▲ 46% |
| Equity | € 903,875 | € 1,212,625 | € 1,619,279 | € 1,885,405 | ▲ 16% |
| Total debts | € 150,514 | € 48,831 | € 82,743 | € 358,825 | ▲ € 276,082 |
| Cash | € 514,330 | € 47,250 | € 8,852 | € 26,419 | ▲ 198% |
| Retained profit | € 872,888 | € 1,126,490 | € 1,417,980 | € 1,843,351 | ▲ 30% |
| Balance sheet total | € 1,054,389 | € 1,261,456 | € 1,702,022 | € 2,247,285 | ▲ 32% |
Key figures of MABED, 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 MABED?
What happened at MABED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 425,371 (▲ 46% vs 2024). Source: NBB ↗
- PHILIPPE BLANCKAERT became a director. NBB
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,434 profit in 2022 to € 425,371 profit in 2025.
Paid € 427,378 in corporate taxes since 2022.
Best year ever: 2025, with € 425,371 profit.
Management
Behind MABED are LIU TING and PHILIPPE BLANCKAERT. It owns 51% of JIANSHAN AMBLA WOOD CARE CO itself.
Directors
According to the 2025 annual accounts
LIU TING
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Oostdorpstraat 183
9420 Erpe-Mere
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0439.359.322
- VAT number
- BE 0439.359.322
- Registered office
- Oostdorpstraat 183, 9420 Erpe-Mere
- Names & denominations
- MABED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1989
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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