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 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MA Holding from Wetteren, company number BE0677458589, closed financial year 2025 with a result of € 530,741 after tax. For that financial year MA Holding recorded a gross margin of € 637,696 and equity of € 2.1 million. Compared with financial year 2023, the result moved from € 112,545 to € 530,741. 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 August 18, 2025.
€ 2.1 million
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 530,741
▲ € 418,196 vs 2023
Profit after tax over the fiscal year.
€ 33,196
▲ 152% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
57 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 2 million
▼ 28% vs 2023
€ 401,821 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 459,170
▲ 250% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 163,318 | € 145,211 | € 171,067 | € 637,696 | ▲ 273% |
| Profit after taxes | € 490,854 | € 186,895 | € 112,545 | € 530,741 | ▲ € 418,196 |
| Equity | € 1,585,322 | € 1,772,217 | € 1,884,762 | € 2,115,503 | ▲ 12% |
| Total debts | € 3,917,600 | € 3,335,049 | € 2,955,980 | € 2,764,670 | ▼ 6% |
| Cash | € 37,199 | € 6,268 | € 13,169 | € 33,196 | ▲ 152% |
| Retained profit | € 1,555,322 | € 1,742,217 | € 1,854,762 | € 2,085,503 | ▲ 12% |
| Dividend | € 0 | € 0 | € 0 | € 300,000 | |
| Bank debt | € 3,550,000 | € 3,148,727 | € 2,769,361 | € 1,989,263 | ▼ 28% |
| Balance sheet total | € 5,502,922 | € 5,107,266 | € 4,840,743 | € 4,880,174 | ▲ 1% |
Key figures of MA Holding, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MA Holding?
What happened at MA Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 530,741 (▲ € 418,196 vs 2023). Source: NBB ↗
- New establishment in Wetteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 490,854 profit in 2021 to € 530,741 profit in 2025.
Paid € 175,823 in corporate taxes since 2021.
Best year ever: 2025, with € 530,741 profit.
Paid out € 300,000 in dividends to the owners in total.
Management
The stake of ACCOUNTANCY DE WINTER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MA HoldingBehind MA Holding are DDC BV, Accountancy De Winter BV and AC A.V. BV. The shares are held by ACCOUNTANCY DE WINTER. It owns 100% of Multum Accountants BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Marc DE COCK
Director · represented by Danny DE WINTER
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 415
9230 Wetteren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0677.458.589
- VAT number
- BE 0677.458.589
- Registered office
- Brusselsesteenweg 415, 9230 Wetteren
- Names & denominations
- MA Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2017
- Peppol
- Active · Active since 6 Jul 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants