Financials
Financial year 2025
Maf from Gent, company number BE0699482836, closed financial year 2025 with a result of € 313,877 after tax. For that financial year Maf recorded a gross margin of € 450,628 and equity of € 170,711. Compared with financial year 2024, the result moved from € 116,545 to € 313,877. 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 July 30, 2026.
€ 170,711
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 313,877
▲ 169% vs 2024
Profit after tax over the fiscal year.
€ 118,622
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 400,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 67,083
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 64,535
▼ 35% vs 2024
€ 26,142 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 10,587
▲ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,441
▼ 15% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 99,997 | € 159,372 | € 193,835 | € 450,628 | ▲ 132% |
| Profit after taxes | € 73,394 | € 103,165 | € 116,545 | € 313,877 | ▲ 169% |
| Equity | € 154,771 | € 140,289 | € 256,834 | € 170,711 | ▼ 34% |
| Total debts | € 111,943 | € 295,988 | € 165,655 | € 128,093 | ▼ 23% |
| Cash | € 165,237 | € 158,919 | € 205,966 | € 118,622 | ▼ 42% |
| Retained profit | € 136,221 | € 121,739 | € 238,284 | € 152,161 | ▼ 36% |
| Dividend | € 140,000 | € 117,647 | € 0 | € 400,000 | |
| Bank debt | € 2,572 | € 117,469 | € 99,485 | € 64,535 | ▼ 35% |
| Balance sheet total | € 266,713 | € 436,277 | € 422,489 | € 298,804 | ▼ 29% |
Key figures of Maf, 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 Maf?
What happened at Maf in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 313,877 (▲ 169% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Tim Verleyen became a director. NBB
- Jeroen Bal became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 73,394 profit in 2022 to € 313,877 profit in 2025.
Paid € 188,242 in corporate taxes since 2022.
Best year ever: 2025, with € 313,877 profit.
Paid out € 657,647 in dividends to the owners in total.
Management
Behind Maf are Tim Verleyen and Jeroen Bal.
Directors
According to the 2025 annual accounts
Tim Verleyen
Director
since 2018
Jeroen Bal
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Breebroekstraat 61
9030 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
DNS
Google Cloud DNS
Website info
Features
Security
Details
- Company number
- 0699.482.836
- VAT number
- BE 0699.482.836
- Registered office
- Breebroekstraat 61, 9030 Gent
- Names & denominations
- Maf
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 2018
- Peppol
- Active · Active since 13 Jan 2025
- Contact
- maf.team [email protected]
- Activities · NACE
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Draadloze telecommunicatie