Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M.A.Z.A.L. from Antwerpen, company number BE0465825177, closed financial year 2025 with a result of € 1,716 after tax. For that financial year M.A.Z.A.L. recorded a gross margin of € 117,935 and equity of € -50,332. Compared with financial year 2024, the result moved from € -349 to € 1,716. Profitable, and profit is growing. 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 16, 2026.
€ -50,332
▲ € 1,716 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,716
▲ still € 349 loss in 2024
Profit after tax over the fiscal year.
€ 1,571
▼ 62% 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 € -62,729.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 114,138
▼ 10% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 261
▼ 53% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 126
Loans from banks and other lenders, long and short.
€ 40,249
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,169
▲ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 129,777 | € 122,533 | € 127,878 | € 117,935 | ▼ 8% |
| Profit after taxes | € 18,995 | € -13,358 | € -349 | € 1,716 | ▲ € 2,066 |
| Equity | € -38,341 | € -51,699 | € -52,049 | € -50,332 | ▲ € 1,716 |
| Total debts | € 247,903 | € 215,385 | € 211,992 | € 231,302 | ▲ 9% |
| Cash | € 28,506 | € 8,602 | € 4,083 | € 1,571 | ▼ 62% |
| Retained profit | € -50,738 | € -64,097 | € -64,446 | € -62,729 | ▲ € 1,716 |
| Bank debt | € 0 | € 0 | € 0 | € 126 | |
| Balance sheet total | € 209,562 | € 163,686 | € 159,943 | € 180,970 | ▲ 13% |
Key figures of M.A.Z.A.L., 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 October 2026.
What happened to M.A.Z.A.L.?
What happened at M.A.Z.A.L. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,716. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- Josiane Kagan became a director. NBB
In short
From € 18,995 profit in 2022 to € 1,716 profit in 2025.
Paid € 533 in corporate taxes since 2022.
Best year ever: 2022, with € 18,995 profit.
A new publication or filing at M.A.Z.A.L.? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Josiane Kagan
Director
since 1999
Establishments
Establishment units
Physical locations of this company
Belgiëlei 15B
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0465.825.177
- VAT number
- BE 0465.825.177
- Registered office
- Belgiëlei 15B, 2018 Antwerpen
- Names & denominations
- M.A.Z.A.L.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1999
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Handelsbemiddeling in goederen, algemeen assortiment