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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
83 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAHER from Antwerpen, company number BE0889838507, closed financial year 2025 with a result of € -69,029 after tax. For that financial year MAHER recorded a gross margin of € -7,722 and equity of € -1.8 million. Compared with financial year 2024, the result moved from € -232,885 to € -69,029. 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.
€ -1.8 million
▼ € 69,029 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,029
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,678
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,210
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -24,851 | € -49,742 | € -168,677 | € -7,722 | ▲ € 160,955 |
| Profit after taxes | € -84,052 | € -142,320 | € -232,885 | € -69,029 | ▲ € 163,856 |
| Equity | € -1,316,968 | € -1,459,288 | € -1,692,172 | € -1,761,201 | ▼ € 69,029 |
| Total debts | € 3,178,898 | € 3,300,256 | € 3,527,601 | € 3,753,178 | ▲ 6% |
| Cash | € 5,754 | € 6,680 | € 3,208 | € 3,678 | ▲ 15% |
| Land & buildings | € 1,856,176 | € 1,834,289 | € 1,832,221 | € 1,988,299 | ▲ 9% |
| Retained profit | € -1,378,468 | € -1,520,788 | € -1,753,672 | € -1,822,701 | ▼ € 69,029 |
| Bank debt | € 850,000 | € 800,000 | € 0 | € 0 | |
| Balance sheet total | € 1,861,930 | € 1,840,969 | € 1,835,429 | € 1,991,977 | ▲ 9% |
Key figures of MAHER, 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 MAHER?
What happened at MAHER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vivian Nutkewitz stepped down as director. NBB
- Renilde Vleugels stepped down as director. NBB
- Charles Goldberg stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 69,029. Source: NBB ↗
- Vivian Nutkewitz became a director. NBB
- Renilde Vleugels became a director. NBB
- Charles Goldberg became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 84,052 loss in 2022 to € 69,029 loss in 2025.
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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
The stake of COTRADIM, KETER INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAHERThe shares are held by COTRADIM and KETER INVEST.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Renilde Vleugels
Managing director
Also active at: COTRADIM, KETER INVEST, GREENSTONE COMPANY, LION, THERESIENNE 6, Karka
since 2023 · until 2029
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pelikaanstraat 78 box 88
2018 Antwerpen
Pelikaanstraat 78 box B88
2018 Antwerpen
Active since 4 June 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 83 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.838.507
- VAT number
- BE 0889.838.507
- Registered office
- Pelikaanstraat 78 bus 88, 2018 Antwerpen
- Names & denominations
- MAHER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2007
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen