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 65 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MF - MAT from Huy, company number BE0446877911, closed financial year 2025 with a result of € 86,392 after tax. For that financial year MF - MAT recorded a gross margin of € 144,895 and equity of € 539,788. Compared with financial year 2024, the result moved from € -14,439 to € 86,392. 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 June 15, 2026.
€ 539,788
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,392
▲ still € 14,439 loss in 2024
Profit after tax over the fiscal year.
€ 72,692
▲ € 63,895 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 € 477,788.
People and assets in 2025
€ 20,669
▲ 61% 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.
€ 593
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,396
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 | € 9,891 | € 27,660 | € 17,511 | € 144,895 | ▲ € 127,385 |
| Profit after taxes | € -5,206 | € -4,689 | € -14,439 | € 86,392 | ▲ € 100,831 |
| Equity | € 478,695 | € 474,006 | € 459,567 | € 539,788 | ▲ 17% |
| Total debts | € 8,837 | € 100,881 | € 213,320 | € 113,971 | ▼ 47% |
| Cash | € 196,888 | € 21,622 | € 8,797 | € 72,692 | ▲ € 63,895 |
| Land & buildings | € 156,245 | € 400,368 | € 510,861 | € 558,145 | ▲ 9% |
| Retained profit | € 410,524 | € 405,835 | € 391,396 | € 477,788 | ▲ 22% |
| Balance sheet total | € 487,532 | € 574,886 | € 672,887 | € 653,760 | ▼ 3% |
Key figures of MF - MAT, 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 MF - MAT?
What happened at MF - MAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 86,392. Source: NBB ↗
- New establishment in Huy. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,206 loss in 2022 to € 86,392 profit in 2025.
Paid € 26,749 in corporate taxes since 2022.
Best year ever: 2025, with € 86,392 profit.
Management
Behind MF - MAT are Marie-Anne FORET and Fanny MUNTEN.
Directors
According to the 2025 annual accounts
Marie-Anne FORET
Managing director
Fanny MUNTEN
Director
Establishments
Establishment units
Physical locations of this company
Rue Sous-les-Roches 38
4500 Huy
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.877.911
- VAT number
- BE 0446.877.911
- Registered office
- Rue Sous-les-Roches 38, 4500 Huy
- Names & denominations
- MF - MAT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 1992
- Peppol
- Not registered