MAAFE
Annual accounts 2025
micro format, filed on 26-03-2026, 35 days before the deadline€716,853
▼ 2.5%
-€378
▼ €53,594
€8,679
▼ 85.9%
€8,954
▼ 82.7%
87.7%
▲ 1.4 percentage points
8.03
▲ 0.86
Money flows
of every €100 of turnover, €0.01 was lost in 2025Balance sheet
balance sheet total €644,349 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
87.7%
Higher than 94% of 5,725 companies in 2025.
8.03
Higher than 94% of 5,586 companies in 2025.
0.0%
Higher than 24% of 5,612 companies in 2025.
MAAFE
Middle half of the sector
80% of the sector
Micro accounts in building services and landscaping (NACE 81)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€53,347
Staff costs divided by the average number of full-time equivalents.
-1 person
people who joined
people who left
In 2025, 4 people joined and 5 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
644,349 | 655,091 | 585,562 | 570,394 | 584,609 | 852,536 | 483,933 | 398,877 | 316,119 | 342,342 | |
21/28 |
20,601 | 21,587 | 30,035 | 31,724 | 49,284 | 70,866 | 20,945 | 15,705 | 20,541 | 21,889 | |
22/27 |
7,101 | 8,087 | 16,535 | 31,724 | 49,284 | 70,866 | 20,945 | 15,705 | 20,541 | 21,889 | |
22 |
675 | 1,125 | 1,575 | 2,025 | - | 1,031 | 4,108 | 7,186 | 10,263 | 8,184 | |
23 |
- | 0 | 1,035 | 4,956 | 6,644 | 9,097 | 5,144 | 8,519 | 10,278 | 13,705 | |
24 |
6,426 | 6,962 | 13,925 | 24,743 | 42,639 | 60,737 | 11,692 | - | - | - | |
28 |
13,500 | 13,500 | 13,500 | - | - | - | - | - | - | - | |
29/58 |
623,748 | 633,504 | 555,527 | 538,671 | 535,325 | 781,670 | 462,988 | 383,173 | 295,577 | 320,454 | |
29 |
- | - | - | - | - | - | 22,600 | 22,600 | 63,281 | 81,361 | |
291 |
- | - | - | - | - | - | 22,600 | 22,600 | 63,281 | 81,361 | |
3 |
118,997 | 165,815 | 134,136 | 140,797 | 138,000 | 121,640 | 93,609 | 113,950 | 86,805 | 77,245 | |
30/36 |
118,997 | 165,815 | 134,136 | 140,797 | 138,000 | 121,640 | 93,609 | 113,950 | 86,805 | 77,245 | |
40/41 |
308,178 | 340,671 | 233,386 | 349,215 | 308,451 | 536,694 | 269,559 | 235,188 | 119,536 | 113,778 | |
40 |
253,428 | 295,421 | 233,136 | 338,965 | 277,867 | 283,330 | 269,559 | 235,188 | 119,536 | 113,778 | |
41 |
54,750 | 45,250 | 250 | 10,250 | 30,583 | 253,364 | - | - | - | - | |
54/58 |
178,377 | 120,011 | 181,872 | 40,187 | 72,909 | 123,336 | 77,219 | 11,434 | 24,894 | 47,276 | |
490/1 |
18,195 | 7,006 | 6,133 | 8,472 | 15,966 | - | - | - | 1,061 | 793 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
644,349 | 655,091 | 585,562 | 570,394 | 584,609 | 852,536 | 483,933 | 398,877 | 316,119 | 342,342 | |
10/15 |
565,039 | 565,141 | 522,285 | 509,430 | 518,109 | 548,494 | 95,487 | 35,818 | 27,067 | 26,682 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
10 |
- | - | - | 20,000 | - | - | - | - | - | - | |
100 |
- | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
11 |
- | - | 20,000 | - | - | - | - | - | - | - | |
1100/10 |
- | - | 20,000 | - | - | - | - | - | - | - | |
13 |
519,971 | 519,971 | 520,326 | 520,326 | 520,326 | 520,326 | 68,706 | 9,106 | 355 | 335 | |
130/1 |
519,971 | 519,971 | - | 355 | 355 | 355 | - | - | - | - | |
130 |
- | - | - | 355 | 355 | 355 | 355 | 355 | 355 | 335 | |
1319 |
519,971 | 519,971 | - | - | - | - | - | - | - | - | |
133 |
- | - | 520,326 | 519,971 | 519,971 | 519,971 | 68,351 | 8,751 | - | - | |
14 |
25,068 | 25,170 | -18,041 | -30,896 | -22,217 | 8,168 | 6,780 | 6,712 | 6,712 | 6,347 | |
17/49 |
79,310 | 89,950 | 63,277 | 60,964 | 66,500 | 304,042 | 388,446 | 363,059 | 289,052 | 315,660 | |
17 |
- | - | - | - | - | 7,927 | 136,255 | 146,313 | 156,112 | 150,000 | |
170/4 |
- | - | - | - | - | 7,927 | 18,255 | 28,313 | 38,112 | - | |
178/9 |
- | - | - | - | - | - | 118,000 | 118,000 | 118,000 | 150,000 | |
42/48 |
77,710 | 88,350 | 61,677 | 59,364 | 64,900 | 294,515 | 250,591 | 215,146 | 131,022 | 165,660 | |
42 |
- | - | - | - | 7,927 | 10,328 | 85,058 | 84,799 | 85,329 | 100,000 | |
44 |
21,225 | 20,886 | 5,510 | 6,543 | 9,694 | 11,170 | 42,424 | 44,042 | 15,474 | 16,207 | |
440/4 |
21,225 | 20,886 | 5,510 | 6,543 | 9,694 | 11,170 | 42,424 | 44,042 | 15,474 | 16,207 | |
45 |
53,980 | 66,869 | 55,502 | 51,764 | 43,188 | 268,655 | 113,926 | 48,027 | 29,661 | 49,453 | |
450/3 |
31,245 | 49,255 | 35,008 | 43,958 | 31,901 | 189,254 | 52,905 | 23,841 | 19,007 | 10,061 | |
454/9 |
22,734 | 17,614 | 20,494 | 7,807 | 11,287 | 79,401 | 61,021 | 24,186 | 10,654 | 39,392 | |
47/48 |
2,505 | 594 | 666 | 1,057 | 4,092 | 4,363 | 9,183 | 38,278 | 558 | - | |
492/3 |
1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,918 | - | |
| Income statement | |||||||||||
70 |
716,853 | 735,436 | 698,778 | 629,567 | 731,663 | 1.7m | 886,759 | 638,140 | 548,898 | 436,240 | |
76A |
2,150 | - | - | - | - | - | - | - | - | - | |
9900 |
138,244 | 163,772 | 145,158 | 104,869 | 176,542 | 834,002 | 338,756 | 226,698 | 116,532 | 85,259 | |
60/61 |
580,760 | 571,663 | 553,621 | 524,697 | 555,125 | 844,720 | 548,003 | 411,442 | 432,367 | 350,981 | |
62 |
128,032 | 95,862 | 112,186 | 92,910 | 126,886 | 164,068 | 238,333 | 159,547 | 83,476 | 58,315 | |
630 |
9,056 | 8,448 | 15,189 | 22,536 | 24,406 | 17,008 | 9,436 | 7,337 | 6,503 | 5,472 | |
631/4 |
- | - | - | - | - | 22,600 | - | 40,681 | 18,080 | 9,040 | |
640/8 |
387 | 574 | 952 | 348 | 0 | 4,121 | 1,069 | 649 | 842 | 1,336 | |
66A |
1,146 | 5,672 | - | 340 | - | - | - | - | - | - | |
9901 |
-378 | 53,217 | 16,831 | -11,263 | 25,249 | 626,205 | 89,918 | 18,486 | 7,630 | 11,095 | |
75/76B |
1,413 | 2,992 | 2,812 | 3,643 | 2,769 | 482 | - | - | 243 | - | |
75 |
1,413 | 2,992 | 2,812 | - | 2,769 | 482 | - | - | 243 | - | |
76B |
- | - | - | 3,643 | - | - | - | - | - | - | |
65/66B |
11 | 142 | 339 | 492 | 590 | 3,323 | 4,920 | 5,639 | 7,122 | 2,223 | |
65 |
11 | 142 | 339 | - | 590 | 3,323 | 4,920 | 5,639 | 7,122 | 2,223 | |
66B |
- | - | - | 492 | - | - | - | - | - | - | |
9903 |
1,025 | 56,067 | 19,303 | -8,112 | 27,429 | 623,364 | 84,997 | 12,847 | 752 | 8,872 | |
67/77 |
1,128 | 12,855 | 6,448 | 567 | 57,814 | 170,356 | 25,329 | 4,095 | 368 | 2,190 | |
9904 |
-103 | 43,212 | 12,855 | -8,679 | -30,385 | 453,007 | 59,669 | 8,751 | 384 | 6,682 | |
9905 |
-103 | 43,212 | 12,855 | -8,679 | -30,385 | 453,007 | 59,669 | 8,751 | 384 | 6,682 | |
| Appropriation of the result | |||||||||||
9906 |
25,068 | 25,170 | -18,041 | -30,896 | -22,217 | 459,788 | 66,380 | 15,463 | 6,732 | 6,682 | |
14P |
25,170 | -18,041 | -30,896 | -22,217 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 451,620 | 59,600 | 8,751 | 20 | 335 | |
6920 |
- | - | - | - | - | - | - | - | 20 | 335 | |
6921 |
- | - | - | - | - | 451,620 | 59,600 | 8,751 | - | - | |
| Social balance sheet | |||||||||||
9087 |
2.4 | 2.7 | 2.4 | 2.1 | 3.3 | 5 | 6.7 | 4.9 | 2 | 2 | |
Hours worked1013 |
3,692 | 2,889 | 3,543 | 3,324 | 5,034 | 7,399 | 10,592 | 6,343 | 3,242 | 2,412 | |
| Document | |||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 26-03-2026 | 2026-00064370 | |
| 30-09-2024 | micro format | 11-04-2025 | 2025-00069888 | |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00051929 | |
| 30-09-2022 | micro format | 24-04-2023 | 2023-00066646 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09600258 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13300592 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10600064 | |
| 30-09-2018 | micro format | 08-04-2019 | 2019-09800260 | |
| 30-09-2017 | full format | 30-03-2018 | 2018-09200024 | |
| 30-09-2016 | full format | 25-04-2017 | 2017-09900117 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,679 | 61,664 | 32,020 | 11,272 | 49,655 | 643,213 | 99,354 | 25,822 | 14,134 | 16,568 | ||
| 8,954 | 51,659 | 28,044 | 13,857 | -5,979 | 470,015 | 69,105 | 16,088 | 6,888 | 12,155 | ||
| 8,070 | 0 | 13,500 | 4,976 | 2,824 | 66,929 | 14,677 | 2,500 | 5,156 | 27,361 | ||
| 58,366 | -61,860 | 141,685 | -32,722 | -50,427 | 46,117 | 65,785 | -13,460 | -22,382 | - | ||
| 546,038 | 545,154 | 493,850 | 479,306 | 470,425 | 487,155 | 212,397 | 168,027 | 164,555 | 154,793 | ||
| -0.1% | 7.2% | 2.4% | -1.8% | 3.5% | 37.3% | 10.1% | 2.9% | 1.4% | 2.5% | ||
| 87.7% | 86.3% | 89.2% | 89.3% | 88.6% | 64.3% | 19.7% | 9.0% | 8.6% | 7.8% | ||
| 8.03 | 7.17 | 9.01 | 9.07 | 8.25 | 2.65 | 1.85 | 1.78 | 2.26 | 1.93 | ||
| 6.50 | 5.29 | 6.83 | 6.70 | 6.12 | 2.24 | 1.47 | 1.25 | 1.59 | 1.47 | ||
| 0.14 | 0.16 | 0.12 | 0.12 | 0.13 | 0.55 | 4.07 | 10.14 | 10.68 | 11.83 | ||
| 0.0% | 7.6% | 2.5% | -1.7% | -5.9% | 82.6% | 62.5% | 24.4% | 1.4% | 25.0% | ||
| 0.0% | 6.6% | 2.2% | -1.5% | -5.2% | 53.1% | 12.3% | 2.2% | 0.1% | 2.0% | ||
| over 100 | over 100 | 94.33 | 22.93 | - | - | - | - | - | - | ||
| 129 days | 147 days | 122 days | 197 days | 139 days | 62 days | 111 days | 135 days | 79 days | 95 days | ||
| 13 days | 13 days | 4 days | 5 days | 6 days | 5 days | 28 days | 39 days | 13 days | 17 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 2 | 3 |
| full-time | 2 | 2 | 2 | 2 |
| part-time | 0 | 1 | 0 | 1 |
| in full-time equivalents | 2 | 2.8 | 2 | 2.4 |
| 2.4 | 2.7 | 2.4 | 2.1 | |
| On a permanent contract | 2 | 2 | 2 | 2 |
| Joined | 4 | 7 | 6 | 3 |
| Left | 5 | 6 | 8 | 4 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €8,070 | - | - | €4,976 |
| Financial fixed assets | - | - | €13,500 | - |
| €9,056 | €8,448 | €15,189 | €22,536 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MAAFE
The operating result for 2025 is a loss of €378, after a profit of €53,217 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total falls from 13.7% to 12.3%. Debt is lower.