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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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
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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
Maurel & Prom West Africa from Etterbeek, company number BE0684731611, closed financial year 2025 with a result of € 141.4 million after tax. Compared with financial year 2024, the result moved from € 98.5 million to € 141.4 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 63.7 million
▲ 186% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 141.4 million
▲ 44% vs 2024
Profit after tax over the fiscal year.
€ 2,467
▲ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100 million paid out
71 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 204.4 million
▲ 105% vs 2024
€ 32 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 194,931
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 86 days on average.
€ 10,219
▲ 88% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -40,071,180 | € 162,565,124 | € 98,488,796 | € 141,381,095 | ▲ 44% |
| Equity | € -28,763,210 | € 13,801,914 | € 22,290,709 | € 63,671,804 | ▲ 186% |
| Total debts | € 488,635,513 | € 621,310,787 | € 811,615,976 | € 699,594,801 | ▼ 14% |
| Cash | € 2,018 | € 1,913 | € 1,998 | € 2,467 | ▲ 24% |
| Retained profit | € -28,843,210 | € 13,721,914 | € 22,210,709 | € 63,591,804 | ▲ 186% |
| Dividend | € 0 | € 120,000,000 | € 90,000,000 | € 100,000,000 | ▲ 11% |
| Bank debt | € 239,077,442 | € 132,126,697 | € 99,528,348 | € 204,373,159 | ▲ 105% |
| Balance sheet total | € 459,872,302 | € 635,112,701 | € 833,906,685 | € 763,266,605 | ▼ 8% |
Key figures of Maurel & Prom West Africa, 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 Maurel & Prom West Africa?
What happened at Maurel & Prom West Africa in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe CHAUVEAU stepped down as director. NBB
- Alain TORRE stepped down as director. NBB
- Patrick DEYGAS stepped down as director. NBB
- Sophie CHAUVEAU stepped down as director. NBB
- Olivier CLERET DE LANGAVANT stepped down as director. NBB
- Serge DECLERCK stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 141.4 million (▲ 44% vs 2024). Source: NBB ↗
- Philippe CHAUVEAU became a director. NBB
In short
From € 40.1 million loss in 2022 to € 141.4 million profit in 2025.
Paid € 820,535 in corporate taxes since 2022.
Best year ever: 2023, with € 162.6 million profit.
Paid out € 310 million in dividends to the owners in total.
A new publication or filing at Maurel & Prom West Africa? 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
It owns 100% of MAUREL & PROM GABON itself.
Directors
According to the 2025 annual accounts
Philippe CHAUVEAU
Director
Also active at: BUSINESS MANAGEMENT ADVICE, GREEN SYSTEMS, MILLEPORE, IMPALA INVESTMENTS
since 2023 · until 2028
since 2023 · until 2028
since 2023 · until 2028
Sophie CHAUVEAU
Director
Also active at: BUSINESS MANAGEMENT ADVICE, Compagnie Financiére, Immobiliére et Commerciale, GUIDHALL PROPERTIES, GREEN SYSTEMS, SHANGRI-LA INVEST, DEMETTAIR, CEMUNNOS, Soch Consulting +1 more
since 2023 · until 2028
since 2023 · until 2028
Serge DECLERCK
Director
Also active at: CROWN BUILDING, PARIFRI, FAIR INVEST, IMMO WATER WEYDE, OGIMA INVEST, AIRPORT BORDER, ZEEMST, Financière Le Play +24 more
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 125
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →Compagnie Financiére, Immobiliére et Commerciale same network
€ -11,609 gross margin · 2025
FINANCIERE CONSTRUCTIONS BELGES
€ 224,022 gross margin · 2024
PARIFRI same network
€ -60,778 gross margin · 2025
FAIR INVEST same network
€ 41,933 gross margin · 2025
IMMO WATER WEYDE same network
€ 852,453 gross margin · 2025
+64 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0684.731.611
- VAT number
- BE 0684.731.611
- Registered office
- Sint-Michielslaan 125, 1040 Etterbeek
- Names & denominations
- Maurel & Prom West Africa
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 2017
- Peppol
- Not registered