What does Mares of Macha do?

Mares of Macha is a wholesaler in Vleteren. Private Limited, started on 27 February 2019, 1 establishment.

What is the address of Mares of Macha?

The registered office of Mares of Macha is located at Veurnestraat(Oost) 35, 8640 Vleteren.

Is Mares of Macha still active?

Yes. According to the CBE (29 October 2026) Mares of Macha is active, legal situation “Normale toestand”, started on 27 February 2019.

Is Mares of Macha registered on Peppol?

Yes, Mares of Macha is registered on the Peppol network with ID 0208:0721630312.

What is the enterprise number of Mares of Macha?

The enterprise number of Mares of Macha is BE0721630312.

When was Mares of Macha founded?

Mares of Macha was founded on 27 February 2019.

Who are the directors of Mares of Macha?

According to the 2025 annual accounts, the directors of Mares of Macha are: Max Stables BV, Flym BV.

Is Mares of Macha a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 February 2019; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Mares of Macha make in 2025?

Mares of Macha posted a profit after taxes of € 23,232 in financial year 2025.

What is the revenue of Mares of Macha?

As a small company, Mares of Macha is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 650,624.

How much does an employee at Mares of Macha earn?

The average wage cost per full-time employee at Mares of Macha was € 72,700 in 2025: staff costs of € 138,079 for 1.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Mares of Macha have?

According to the 2025 annual accounts, Mares of Macha has 1.9 full-time equivalents (FTE).

Mares of Macha (Private Limited) - Vleteren

Dossier Mares of Macha, printed on 29 October 2026 from databakkes.be/en/0721630312/mares-of-macha. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Mares of Macha from Vleteren, company number BE0721630312, closed financial year 2025 with a result of € 23,232 after tax. For that financial year Mares of Macha recorded a gross margin of € 650,624 and equity of € 673,616. Compared with financial year 2024, the result moved from € 16,572 to € 23,232. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 9, 2026.

What it is worth Growing

€ 673,616

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 23,232

▲ 40% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 172,265

▲ € 134,596 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 298,616.

People and assets in 2025

Full-time equivalents

1.9

▼ 0.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 138,079

▼ 14% vs 2024

€ 72,700 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.

Vehicles and equipment

€ 8,289

▼ 5% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 12 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.4 million

▲ 5% vs 2024

€ 198,491 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 295,946

▼ 34% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 26,536

▼ 49% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,116,566 Gross margin 2022: € 1,116,566 First fiscal year in the series	€ 955,805 Gross margin 2023: € 955,805 ▼ 14% vs 2022 (€ 1,116,566) Unfavourable step	€ 757,856 Gross margin 2024: € 757,856 ▼ 21% vs 2023 (€ 955,805) Unfavourable step	€ 650,624 Gross margin 2025: € 650,624 ▼ 14% vs 2024 (€ 757,856) Unfavourable step	▼ 14%
Profit after taxes	€ 113,668 Profit after taxes 2022: € 113,668 First fiscal year in the series	€ 35,577 Profit after taxes 2023: € 35,577 ▼ 69% vs 2022 (€ 113,668) Unfavourable step	€ 16,572 Profit after taxes 2024: € 16,572 ▼ 53% vs 2023 (€ 35,577) Unfavourable step	€ 23,232 Profit after taxes 2025: € 23,232 ▲ 40% vs 2024 (€ 16,572) Favourable step	▲ 40%
Equity	€ 598,236 Equity 2022: € 598,236 First fiscal year in the series	€ 633,812 Equity 2023: € 633,812 ▲ 6% vs 2022 (€ 598,236) Favourable step	€ 650,384 Equity 2024: € 650,384 ▲ 3% vs 2023 (€ 633,812) Favourable step	€ 673,616 Equity 2025: € 673,616 ▲ 4% vs 2024 (€ 650,384) Favourable step	▲ 4%
Total debts	€ 3,336,512 Total debts 2022: € 3,336,512 First fiscal year in the series	€ 2,412,392 Total debts 2023: € 2,412,392 ▼ 28% vs 2022 (€ 3,336,512) Favourable step	€ 2,829,387 Total debts 2024: € 2,829,387 ▲ 17% vs 2023 (€ 2,412,392) Unfavourable step	€ 3,384,106 Total debts 2025: € 3,384,106 ▲ 20% vs 2024 (€ 2,829,387) Unfavourable step	▲ 20%
Cash	€ 135,445 Cash 2022: € 135,445 First fiscal year in the series	€ 40,893 Cash 2023: € 40,893 ▼ 70% vs 2022 (€ 135,445) Unfavourable step	€ 37,670 Cash 2024: € 37,670 ▼ 8% vs 2023 (€ 40,893) Unfavourable step	€ 172,265 Cash 2025: € 172,265 ▲ € 134,596 vs 2024 (€ 37,670) Favourable step	▲ € 134,596
Retained profit	€ 223,236 Retained profit 2022: € 223,236 First fiscal year in the series	€ 258,812 Retained profit 2023: € 258,812 ▲ 16% vs 2022 (€ 223,236) Favourable step	€ 275,384 Retained profit 2024: € 275,384 ▲ 6% vs 2023 (€ 258,812) Favourable step	€ 298,616 Retained profit 2025: € 298,616 ▲ 8% vs 2024 (€ 275,384) Favourable step	▲ 8%
Bank debt	€ 1,200,000 Bank debt 2022: € 1,200,000 First fiscal year in the series	€ 900,000 Bank debt 2023: € 900,000 ▼ 25% vs 2022 (€ 1,200,000) Favourable step	€ 2,250,000 Bank debt 2024: € 2,250,000 ▲ 150% vs 2023 (€ 900,000) Unfavourable step	€ 2,357,081 Bank debt 2025: € 2,357,081 ▲ 5% vs 2024 (€ 2,250,000) Unfavourable step	▲ 5%
Balance sheet total	€ 3,934,748 Balance sheet total 2022: € 3,934,748 First fiscal year in the series	€ 3,046,204 Balance sheet total 2023: € 3,046,204 ▼ 23% vs 2022 (€ 3,934,748) Unchanged	€ 3,479,771 Balance sheet total 2024: € 3,479,771 ▲ 14% vs 2023 (€ 3,046,204) Unchanged	€ 4,057,722 Balance sheet total 2025: € 4,057,722 ▲ 17% vs 2024 (€ 3,479,771) Unchanged	▲ 17%
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	2 Employees (FTE) 2023: 2 Unchanged (2) Unchanged	2 Employees (FTE) 2024: 2 Unchanged (2) Unchanged	1.9 Employees (FTE) 2025: 1.9 ▼ 0.1 vs 2024 (2) Unchanged	▼ 0.1

Key figures of Mares of Macha, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to Mares of Macha?

What happened at Mares of Macha in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 9, 2026 New annual accounts for financial year 2025: profit of € 23,232 (▲ 40% vs 2024). Source: NBB ↗
2021 Max Stables BV became a director. NBB
2021 Flym BV became a director. NBB
Feb 27, 2019 New establishment in Vleteren. KBO
Feb 27, 2019 Start of the company according to the CBE. KBO

In short

From € 113,668 profit in 2022 to € 23,232 profit in 2025.

Paid € 89,891 in corporate taxes since 2022.

Best year ever: 2022, with € 113,668 profit.

On average € 342,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Max Stables 33%

PB EQUESTRIAN 10.7%

The stake of Max Stables, PB EQUESTRIAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Mares of Macha

Mares of Macha Finance 100%

Behind Mares of Macha are Max Stables BV and Flym BV. The shares are held by Max Stables (33%) and PB EQUESTRIAN (10.7%). It owns 100% of Mares of Macha Finance itself.

Directors

According to the 2025 annual accounts

Max Stables BV

Director · represented by Klaas De Coster

Also active at: MaxAmaze

since 2021

Flym BV

Director · represented by Yff Vandendriessche

Also active at: EXTREMIS, MaxAmaze

since 2021

Shareholders

Max Stables

33%

PB EQUESTRIAN

10.7%

Participations

Mares of Macha Finance

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Veurnestraat(Oost) 35

8640 Vleteren

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

RUITERCLUB NIEUWENDALE

Flym same network

€ 150,416 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0721.630.312

VAT number

BE 0721.630.312

Registered office

Veurnestraat(Oost) 35, 8640 Vleteren

Names & denominations

Mares of Macha

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

27 February 2019

Peppol

Active · Active since 24 Nov 2023

Activities · NACE

Groothandel in levend vee

Ondersteunende activiteiten in verband met de veeteelt

View on CBE Public ↗ Annual accounts (NBB) ↗

Mares of Macha

Warning lights

Financials

What happened to Mares of Macha?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions