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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MAFA from Wavre, company number BE0453871512, closed financial year 2025 with a result of € 26,043 after tax. For that financial year MAFA recorded a gross margin of € 13,180 and equity of € 830,345. Compared with financial year 2024, the result moved from € 502 to € 26,043. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 830,345
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,043
▲ € 25,541 vs 2024
Profit after tax over the fiscal year.
€ 34,483
▲ € 31,171 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 48,750 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 766
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -36,105 | € -28,226 | € -5,967 | € 13,180 | ▲ € 19,147 |
| Profit after taxes | € -102,414 | € -29,180 | € 502 | € 26,043 | ▲ € 25,541 |
| Equity | € 881,729 | € 852,550 | € 853,052 | € 830,345 | ▼ 3% |
| Total debts | € 2,726 | € 6,831 | € 2,290 | € 49,685 | ▲ € 47,395 |
| Cash | € 214,748 | € 18,496 | € 3,312 | € 34,483 | ▲ € 31,171 |
| Retained profit | € 872,433 | € 843,254 | € 843,756 | € 821,049 | ▼ 3% |
| Dividend | € 0 | € 0 | € 0 | € 48,750 | |
| Balance sheet total | € 884,456 | € 859,381 | € 855,342 | € 880,030 | ▲ 3% |
Key figures of MAFA, 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 MAFA?
What happened at MAFA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,043 (▲ € 25,541 vs 2024). Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 102,414 loss in 2022 to € 26,043 profit in 2025.
Paid € 4,682 in corporate taxes since 2022.
Best year ever: 2025, with € 26,043 profit.
Paid out € 48,750 in dividends to the owners in total.
Management
Behind MAFA is Vincent MAROY. It owns 16.7% of KINGSLEX and AEDIFICA itself.
Directors
According to the 2025 annual accounts
Vincent MAROY
Director
Establishments
Establishment units
Physical locations of this company
Rue de la Roche 28
1301 Wavre
Pater de Dekenstraat 38
1040 Etterbeek
Active since 29 December 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.871.512
- VAT number
- BE 0453.871.512
- Registered office
- Rue de la Roche 28, 1301 Wavre
- Names & denominations
- MAFA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 1994
- Peppol
- Not registered