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 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MFR Team from Etterbeek, company number BE0664984191, closed financial year 2025 with a result of € 104,926 after tax. For that financial year MFR Team recorded a gross margin of € 649,255 and equity of € 22,908. Compared with financial year 2024, the result moved from € 81,902 to € 104,926. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 22,908
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 104,926
▲ 28% vs 2024
Profit after tax over the fiscal year.
€ 153,718
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 104,926 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
51.2
▲ 18 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 410,087
▲ 3% vs 2024
€ 8,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,933
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 84,625
▼ 42% vs 2024
€ 79,792 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 348,328
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,668
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 589,906 | € 601,220 | € 612,328 | € 649,255 | ▲ 6% |
| Profit after taxes | € 41,932 | € 80,202 | € 81,902 | € 104,926 | ▲ 28% |
| Equity | € 175,862 | € 238,329 | € 40,635 | € 22,908 | ▼ 44% |
| Total debts | € 852,591 | € 694,457 | € 869,941 | € 569,761 | ▼ 35% |
| Cash | € 159,685 | € 225,375 | € 329,616 | € 153,718 | ▼ 53% |
| Retained profit | € 81,788 | € 161,990 | € 0 | € 0 | |
| Dividend | € 100,000 | € 0 | € 261,893 | € 104,926 | ▼ 60% |
| Bank debt | € 300,166 | € 215,905 | € 146,703 | € 84,625 | ▼ 42% |
| Balance sheet total | € 1,028,453 | € 932,786 | € 910,577 | € 592,669 | ▼ 35% |
| Employees (FTE) | 30 | 33.3 | 33.2 | 51.2 | ▲ 18 |
Key figures of MFR Team, 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 MFR Team?
What happened at MFR Team in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 104,926 (▲ 28% vs 2024). Source: NBB ↗
- Magics3 became a director. NBB
- Georges Sarikas became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,932 profit in 2022 to € 104,926 profit in 2025.
Paid € 93,475 in corporate taxes since 2022.
Best year ever: 2025, with € 104,926 profit.
On average € 12,700 of value added per employee in 2025.
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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
The stake of MAGICS3 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MFR TeamBehind MFR Team are Magics3 and Georges Sarikas. The shares are held by MAGICS3.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Haagstraat 20/22
1040 Etterbeek
Grote Haagstraat 20-22
1040 Etterbeek
Active since 1 February 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →Association des copropriétaires du complexe d'immeubles dénommé "Englebert" sis à Etterbeek, rue de la Grande Haie 20/22
Association des copropriétaires de "Englebert Grande Haie" faisant partie du complexe d'imm. "Englebert" sis à Etterbeek, rue de la Grande Haie 20-22
Association des copropriétaires de "Englebert Saint-Pierre" faisant partie du complexe d'imm. "Englebert" sis à Etterbeek rue de la Grande Haie 20-22
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0664.984.191
- VAT number
- BE 0664.984.191
- Registered office
- Grote Haagstraat 20/22, 1040 Etterbeek
- Names & denominations
- MFR Team
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2016
- Peppol
- Active · Active since 4 Oct 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)