Financials
Financial year 2025
MA2D from Elsene, company number BE0776816283, closed financial year 2025 with a result of € 102,832 after tax. For that financial year MA2D recorded a gross margin of € 152,875 and equity of € 149,101. Compared with financial year 2024, the result moved from € 79,140 to € 102,832. 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 August 25, 2026.
€ 149,101
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 102,832
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 184,444
▲ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 27,041
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23,318
▼ 36% vs 2024
€ 13,360 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,141
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,928
▼ 38% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 118,660 | € 36,985 | € 120,769 | € 152,875 | ▲ 27% |
| Profit after taxes | € 75,760 | € 11,269 | € 79,140 | € 102,832 | ▲ 30% |
| Equity | € 75,860 | € 87,128 | € 166,269 | € 149,101 | ▼ 10% |
| Total debts | € 90,671 | € 70,127 | € 84,035 | € 239,241 | ▲ 185% |
| Cash | € 94,445 | € 39,350 | € 114,906 | € 184,444 | ▲ 61% |
| Retained profit | € 75,760 | € 87,028 | € 166,169 | € 149,001 | ▼ 10% |
| Dividend | € 0 | € 0 | € 0 | € 120,000 | |
| Bank debt | € 46,451 | € 48,531 | € 36,241 | € 23,318 | ▼ 36% |
| Balance sheet total | € 166,531 | € 157,255 | € 250,304 | € 388,342 | ▲ 55% |
Key figures of MA2D, 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 MA2D?
What happened at MA2D in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 102,832 (▲ 30% vs 2024). filed late Source: NBB ↗
- New establishment in Elsene. KBO
- DAVID DU BOIS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 75,760 profit in 2022 to € 102,832 profit in 2025.
Paid € 77,114 in corporate taxes since 2022.
Best year ever: 2025, with € 102,832 profit.
Paid out € 120,000 in dividends to the owners in total.
A new publication or filing at MA2D? 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 MA2D is DAVID DU BOIS. It owns 16.7% of UPGRADE IMMO itself.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Waaglaan 10
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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ACP - PESAGE 10 - AVENUE DU PESAGE 10 - 1050 IXELLES
+2 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
- 0776.816.283
- VAT number
- BE 0776.816.283
- Registered office
- Waaglaan 10, 1050 Elsene
- Names & denominations
- MA2D
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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