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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MA3 from Sint-Gillis (bij-Brussel), company number BE0836399326, closed financial year 2025 with a result of € 17,731 after tax. For that financial year MA3 recorded revenue of € 96,500 and equity of € 66,900. Compared with financial year 2024, the result moved from € 15,381 to € 17,731. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 10, 2025.
€ 66,900
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,731
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 7,858
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 48,300.
Debts at end 2025
€ 265,771
▼ 22% vs 2024
€ 77,336 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3,879
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,978
▲ 17% 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 | |
|---|---|---|---|---|---|
| Revenue | € 57,500 | € 86,750 | € 96,500 | € 96,500 | |
| Gross margin | € 56,523 | € 83,424 | € 84,061 | € 84,855 | ▲ 1% |
| Profit after taxes | € -18,384 | € 21,727 | € 15,381 | € 17,731 | ▲ 15% |
| Equity | € 12,061 | € 33,788 | € 49,169 | € 66,900 | ▲ 36% |
| Total debts | € 613,938 | € 562,175 | € 503,653 | € 441,899 | ▼ 12% |
| Cash | € 52 | € 11,544 | € 10,136 | € 7,858 | ▼ 22% |
| Land & buildings | € 624,608 | € 582,810 | € 541,012 | € 499,214 | ▼ 8% |
| Retained profit | € -6,539 | € 15,188 | € 30,569 | € 48,300 | ▲ 58% |
| Bank debt | € 475,116 | € 410,877 | € 339,872 | € 265,771 | ▼ 22% |
| Balance sheet total | € 625,998 | € 595,963 | € 552,822 | € 508,798 | ▼ 8% |
Key figures of MA3, 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 January 2027.
What happened to MA3?
What happened at MA3 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,731 (▲ 15% vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 18,384 loss in 2022 to € 17,731 profit in 2025.
Paid € 17,840 in corporate taxes since 2022.
Best year ever: 2023, with € 21,727 profit.
A new publication or filing at MA3? 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
Directors
According to the 2025 annual accounts
Francis Metzger
Director
Establishments
Establishment units
Physical locations of this company
Ijskelderstraat 24
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0836.399.326
- VAT number
- BE 0836.399.326
- Registered office
- Ijskelderstraat 24, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- MA3
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2011
- Peppol
- Active · Active since 21 Nov 2025