MAMAO is a bakery shop in Elsene. Private Limited, started on 19 January 2010, 1 establishment.

What is the address of MAMAO?

The registered office of MAMAO is located at Hogeschoollaan 9, 1050 Elsene.

Is MAMAO still active?

Yes. According to the CBE (30 September 2026) MAMAO is active, legal situation “Normale toestand”, started on 19 January 2010.

Is MAMAO registered on Peppol?

Yes, MAMAO is registered on the Peppol network with ID 0208:0822398959.

What is the enterprise number of MAMAO?

The enterprise number of MAMAO is BE0822398959.

When was MAMAO founded?

MAMAO was founded on 19 January 2010.

Is MAMAO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 January 2010; 4 annual accounts filed, latest fiscal year 2024.

How much profit did MAMAO make in 2024?

MAMAO posted a profit after taxes of € 22,935 in financial year 2024.

What is the revenue of MAMAO?

As a small company, MAMAO is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 83,857.

How much does an employee at MAMAO earn?

The average wage cost per full-time employee at MAMAO was € 27,200 in 2021: staff costs of € 43,523 for 1.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

MAMAO (Private Limited) - Elsene - BE0822398959

Dossier MAMAO, printed on 30 September 2026 from databakkes.be/en/0822398959/mamao. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

MAMAO from Elsene, company number BE0822398959, closed financial year 2024 with a result of € 22,935 after tax. For that financial year MAMAO recorded a gross margin of € 83,857 and equity of € 62,383. Compared with financial year 2023, the result moved from € -28,828 to € 22,935. 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 September 16, 2025.

What it is worth Growing

€ 62,383

▲ 58% vs 2023

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

Profit Growing

€ 22,935

▲ still € 28,828 loss in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 15,039

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

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 32,383.

People and assets in 2024

Wage cost

€ 31,336

▼ 13% vs 2023

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

€ 1,539

▼ 63% vs 2023

Of which on lease € 1,539.

Debts at end 2024

Bank debt ≈ 7 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.

€ 157,178

▼ 17% vs 2023

€ 23,701 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 22,845

▲ € 18,778 vs 2023

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

Taxes and wages

€ 6,455

▲ 44% vs 2023

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 243,909 Revenue 2021: € 243,909 First fiscal year in the series	€ 207,629 Revenue 2022: € 207,629 ▼ 15% vs 2021 (€ 243,909) Unfavourable step	-	-
Gross margin	€ 75,657 Gross margin 2021: € 75,657 First fiscal year in the series	€ 68,617 Gross margin 2022: € 68,617 ▼ 9% vs 2021 (€ 75,657) Unfavourable step	€ 59,272 Gross margin 2023: € 59,272 ▼ 14% vs 2022 (€ 68,617) Unfavourable step	€ 83,857 Gross margin 2024: € 83,857 ▲ 41% vs 2023 (€ 59,272) Favourable step	▲ 41%
Profit after taxes	€ -4,342 Profit after taxes 2021: € -4,342 First fiscal year in the series	€ -10,384 Profit after taxes 2022: € -10,384 ▼ € 6,042 vs 2021 (€ -4,342) Unfavourable step	€ -28,828 Profit after taxes 2023: € -28,828 ▼ € 18,444 vs 2022 (€ -10,384) Unfavourable step	€ 22,935 Profit after taxes 2024: € 22,935 ▲ € 51,763 vs 2023 (€ -28,828) Favourable step	▲ € 51,763
Equity	€ 78,660 Equity 2021: € 78,660 First fiscal year in the series	€ 68,276 Equity 2022: € 68,276 ▼ 13% vs 2021 (€ 78,660) Unfavourable step	€ 39,448 Equity 2023: € 39,448 ▼ 42% vs 2022 (€ 68,276) Unfavourable step	€ 62,383 Equity 2024: € 62,383 ▲ 58% vs 2023 (€ 39,448) Favourable step	▲ 58%
Total debts	€ 269,064 Total debts 2021: € 269,064 First fiscal year in the series	€ 233,070 Total debts 2022: € 233,070 ▼ 13% vs 2021 (€ 269,064) Favourable step	€ 202,700 Total debts 2023: € 202,700 ▼ 13% vs 2022 (€ 233,070) Favourable step	€ 190,490 Total debts 2024: € 190,490 ▼ 6% vs 2023 (€ 202,700) Favourable step	▼ 6%
Cash	€ 12,761 Cash 2021: € 12,761 First fiscal year in the series	€ 12,965 Cash 2022: € 12,965 ▲ 2% vs 2021 (€ 12,761) Favourable step	-	€ 15,039 Cash 2024: € 15,039 First fiscal year in the series
Land & buildings	€ 252,059 Land & buildings 2021: € 252,059 First fiscal year in the series	€ 234,055 Land & buildings 2022: € 234,055 ▼ 7% vs 2021 (€ 252,059) Unchanged	€ 216,050 Land & buildings 2023: € 216,050 ▼ 8% vs 2022 (€ 234,055) Unchanged	€ 198,046 Land & buildings 2024: € 198,046 ▼ 8% vs 2023 (€ 216,050) Unchanged	▼ 8%
Retained profit	€ 48,660 Retained profit 2021: € 48,660 First fiscal year in the series	€ 38,276 Retained profit 2022: € 38,276 ▼ 21% vs 2021 (€ 48,660) Unfavourable step	€ 9,448 Retained profit 2023: € 9,448 ▼ 75% vs 2022 (€ 38,276) Unfavourable step	€ 32,383 Retained profit 2024: € 32,383 ▲ 243% vs 2023 (€ 9,448) Favourable step	▲ 243%
Bank debt	€ 237,585 Bank debt 2021: € 237,585 First fiscal year in the series	€ 211,814 Bank debt 2022: € 211,814 ▼ 11% vs 2021 (€ 237,585) Favourable step	€ 188,567 Bank debt 2023: € 188,567 ▼ 11% vs 2022 (€ 211,814) Favourable step	€ 157,178 Bank debt 2024: € 157,178 ▼ 17% vs 2023 (€ 188,567) Favourable step	▼ 17%
Balance sheet total	€ 347,724 Balance sheet total 2021: € 347,724 First fiscal year in the series	€ 301,346 Balance sheet total 2022: € 301,346 ▼ 13% vs 2021 (€ 347,724) Unchanged	€ 242,148 Balance sheet total 2023: € 242,148 ▼ 20% vs 2022 (€ 301,346) Unchanged	€ 252,873 Balance sheet total 2024: € 252,873 ▲ 4% vs 2023 (€ 242,148) Unchanged	▲ 4%
Employees (FTE)	1.6 Employees (FTE) 2021: 1.6 First fiscal year in the series	-	-	-

Key figures of MAMAO, 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 MAMAO?

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

Sep 16, 2025 New annual accounts for financial year 2024: profit of € 22,935. filed late Source: NBB ↗
Jan 19, 2010 New establishment in Elsene. KBO
Jan 19, 2010 Start of the company according to the CBE. KBO

In short

From € 4,342 loss in 2021 to € 22,935 profit in 2024.

Paid € 2,985 in corporate taxes since 2021.

Best year ever: 2024, with € 22,935 profit.

On average € 47,300 of value added per employee in 2021.

Original PDFs at the National Bank ↗

A new publication or filing at MAMAO? We notify you, reason included.

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My folder 3 companies

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%

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