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 7 % of short-term debt in 2024; threshold 65 %.
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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 2024
MA DÉVELOPPEMENT from Brussel, company number BE0723838249, closed financial year 2024 with a result of € 295,881 after tax. For that financial year MA DÉVELOPPEMENT recorded a gross margin of € -70,041 and equity of € 8.4 million. Compared with financial year 2023, the result moved from € -2.1 million to € 295,881. 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 November 5, 2025.
€ 8.4 million
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 295,881
▲ still € 2.1 million loss in 2023
Profit after tax over the fiscal year.
€ 7,222
▲ 194% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 8.4 million.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 248
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -17,654 | € -141,677 | € -109,929 | € -70,041 | ▲ € 39,889 |
| Profit after taxes | € 50,811 | € 960,736 | € -2,139,464 | € 295,881 | ▲ € 2.4 million |
| Equity | € 9,295,039 | € 10,255,775 | € 8,116,310 | € 8,412,192 | ▲ 4% |
| Total debts | € 2,369,868 | € 1,990,350 | € 14,300,768 | € 14,300,768 | |
| Cash | € 12,728 | € 17,927 | € 2,455 | € 7,222 | ▲ 194% |
| Retained profit | € 9,275,039 | € 10,235,775 | € 8,096,310 | € 8,392,192 | ▲ 4% |
| Bank debt | € 846,967 | € 170,706 | € 0 | € 0 | |
| Balance sheet total | € 11,664,907 | € 12,246,125 | € 22,417,078 | € 22,712,959 | ▲ 1% |
Key figures of MA DÉVELOPPEMENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MA DÉVELOPPEMENT?
What happened at MA DÉVELOPPEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 295,881. filed late Source: NBB ↗
- INITIALES AM became a director. NBB
- Arnaud MARION stepped down as director. NBB
- Axel MANES stepped down as director. NBB
- Arnaud MARION became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
- Axel MANES became a director. NBB
In short
From € 50,811 profit in 2021 to € 295,881 profit in 2024.
Paid € 12,306 in corporate taxes since 2021.
Best year ever: 2022, with € 960,736 profit.
A new publication or filing at MA DÉVELOPPEMENT? 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
Behind MA DÉVELOPPEMENT is INITIALES AM. It owns MAD ATELIER itself.
Directors
According to the 2024 annual accounts
INITIALES AM
Director
since 2022
Axel MANES
Director
since 2019 · until 2022
Arnaud MARION
Director
since 2022 · until 2022
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0723.838.249
- VAT number
- BE 0723.838.249
- Registered office
- Louizalaan 54, 1050 Brussel
- Names & denominations
- MA DÉVELOPPEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 March 2019
- Peppol
- Not registered
- Activities · NACE
Activiteiten van holdings
Holdings