Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAVACO from Kortrijk, company number BE0870615877, closed financial year 2025 with a result of € 157,087 after tax. For that financial year MAVACO recorded a gross margin of € 286,678 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 368,014 to € 157,087. The company is profitable. 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 27, 2025.
€ 1.3 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 157,087
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 141,346
▲ € 109,626 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 € 1.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 721
▼ 93% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 768
▼ € 209,187 vs 2024
Loans from banks and other lenders, long and short.
€ 1,070
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 73,949
▼ 47% 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 | € 270,834 | € 303,460 | € 273,954 | € 286,678 | ▲ 5% |
| Profit after taxes | € 154,680 | € 176,459 | € 368,014 | € 157,087 | ▼ 57% |
| Equity | € 582,897 | € 759,356 | € 1,127,370 | € 1,284,456 | ▲ 14% |
| Total debts | € 1,259,138 | € 1,170,419 | € 1,839,139 | € 1,599,620 | ▼ 13% |
| Cash | € 132,567 | € 43,202 | € 31,720 | € 141,346 | ▲ € 109,626 |
| Land & buildings | € 137,770 | € 133,810 | € 0 | - | |
| Retained profit | € 564,297 | € 740,756 | € 1,108,770 | € 1,265,856 | ▲ 14% |
| Bank debt | € 297,910 | € 229,019 | € 209,956 | € 768 | ▼ € 209,187 |
| Balance sheet total | € 1,842,035 | € 1,929,775 | € 2,966,508 | € 2,884,076 | ▼ 3% |
Key figures of MAVACO, 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 MAVACO?
What happened at MAVACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 157,087 (▼ 57% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Karolien Vanfleteren became a director. NBB
- Alexander Maroy became a director. NBB
In short
From € 154,680 profit in 2022 to € 157,087 profit in 2025.
Paid € 392,641 in corporate taxes since 2022.
Best year ever: 2024, with € 368,014 profit.
A new publication or filing at MAVACO? 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 MAVACO are Karolien Vanfleteren and Alexander Maroy. It owns 100% of Apotheek 't Hoge and 99.6% of Verstraete Apotheek itself.
Directors
According to the 2025 annual accounts
Karolien Vanfleteren
Director
since 2004
since 2004
Establishments
Establishment units
Physical locations of this company
Veldstraat(Kor) 156
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0870.615.877
- VAT number
- BE 0870.615.877
- Registered office
- Veldstraat(Kor) 156, 8500 Kortrijk
- Names & denominations
- MAVACO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2004
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen