Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MaCfin from Lebbeke, company number BE0837079415, closed financial year 2025 with a result of € -20,736 after tax. For that financial year MaCfin recorded a gross margin of € 6,806 and equity of € -45,949. Compared with financial year 2024, the result moved from € -17,808 to € -20,736. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ -45,949
▼ € 20,736 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,736
▼ 16 % more loss than in 2024
Profit after tax over the fiscal year.
€ 117,624
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -58,349.
People and assets in 2025
€ 9,139
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 796,497
▲ 138% vs 2024
€ 25,285 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 2,806
▲ € 2,323 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,454 | € 10,872 | € 7,788 | € 6,806 | ▼ 13% |
| Profit after taxes | € -742 | € -10,545 | € -17,808 | € -20,736 | ▼ € 2,927 |
| Equity | € 3,140 | € -7,405 | € -25,214 | € -45,949 | ▼ € 20,736 |
| Total debts | € 644,296 | € 722,829 | € 783,962 | € 799,303 | ▲ 2% |
| Cash | € 24,351 | € 98,665 | € 141,381 | € 117,624 | ▼ 17% |
| Land & buildings | € 180,129 | € 172,049 | € 164,695 | € 163,991 | |
| Retained profit | € -9,260 | € -19,805 | € -37,614 | € -58,349 | ▼ € 20,736 |
| Bank debt | € 382,632 | € 357,836 | € 334,096 | € 796,497 | ▲ 138% |
| Balance sheet total | € 647,436 | € 715,424 | € 758,748 | € 753,354 | ▼ 1% |
Key figures of MaCfin, 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 MaCfin?
What happened at MaCfin in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,736. Source: NBB ↗
- New establishment in Lebbeke. KBO
- Start of the company according to the CBE. KBO
- Marc Christiaens became a director. NBB
In short
From € 742 loss in 2022 to € 20,736 loss in 2025.
Paid € 1 in corporate taxes since 2022.
Management
Behind MaCfin is Marc Christiaens. It owns 50% of BV and 50% of Bellefin itself.
Directors
According to the 2025 annual accounts
since 2011
Establishments
Establishment units
Physical locations of this company
Kapellenstraat 83/A
9280 Lebbeke
Kapellenstraat 83 box A
9280 Lebbeke
Active since 20 June 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0837.079.415
- VAT number
- BE 0837.079.415
- Registered office
- Kapellenstraat 83/A, 9280 Lebbeke
- Names & denominations
- MaCfin
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2011
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Hotels en dergelijke accommodatie
Sport- en recreatieonderwijs
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Overige eetgelegenheden
+1