MAFA GROUP
ActiveSummary
The computed 12-month bankruptcy probability of MAFA GROUP is 1.7% (moderate). For MAFA GROUP, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €73,167 and a net result of €421,529. Equity is shrinking by ~11.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2023. The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability100▲+98
Solvency48▲+48
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
22.8%
Return on assets
131.6%
Age of the figures
45 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 08-10-2023, 69 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
69 d late
2021
78 d late
2020
230 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 87 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€421,529
2021 · -€47,657
Working capital
-€241,654▲ 65.4%
2021 · -€699,307
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€29,906--€16,479▲ 44.9%-€25,222▼ 53.1%-€20,408▲ 19.1%€459,821
Net result-€45,247--€27,372▲ 39.5%-€36,516▼ 33.4%-€47,657▼ 30.5%€421,529
Equity-€236,816--€264,188▼ 11.6%-€300,704▼ 13.8%-€348,361▼ 15.8%€73,167
Total assets€413,117-€410,309▼ 0.7%€371,357▼ 9.5%€352,195▼ 5.2%€320,247▼ 9.1%
Debt€649,933-€674,497▲ 3.8%€672,061▼ 0.4%€700,556▲ 4.2%€247,079▼ 64.7%
Working capital-€648,720--€655,950▼ 1.1%-€672,058▼ 2.5%-€699,307▼ 4.1%-€241,654▲ 65.4%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €459,821 after a loss of €20,408 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €320,247
Fixed assets
€314,821 ▼ 10.3%
Current assets
€5,425 ▲ 334%
Equity and liabilities €320,247
Equity
€73,167
Debt
€247,079
Debt finances 77.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€480,229▲
2021 · €0
Cash flow
€441,937▲
2021 · -€27,249
Current ratio
0.02▲
2021 · 0.00
Debt to equity
3.38▲
2021 · -2.01
ROE
576.1%
ROA
131.6%▲
2021 · -13.5%
Interest coverage
12.54▲
2021 · 0.00
Debt ≤ 1 year
€247,079▼
2021 · €700,556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,553 | €20,408 | €20,408 | €20,408 | €20,408 | = |
| Other operating charges640/8 | - | - | - | - | €2,513 | - |
| Non-recurring operating charges66A | - | - | - | - | €3,105 | - |
| Gross operating margin9900 | -€7,276 | €5,990 | -€3,139 | - | €485,848 | - |
| Operating profit (loss)9901 | -€29,906 | -€16,479 | -€25,222 | -€20,408 | €459,821 | ▲ 2,353% |
| Financial charges65/66B | - | - | - | €27,249 | €38,292 | ▲ 40.5% |
| Recurring financial charges65 | €15,340 | €10,894 | €11,295 | €27,249 | €38,292 | ▲ 40.5% |
| Profit (loss) for the period before taxes9903 | -€45,247 | -€27,372 | -€36,516 | -€47,657 | €421,529 | ▲ 984% |
| Profit (loss) for the period9904 | -€45,247 | -€27,372 | -€36,516 | -€47,657 | €421,529 | ▲ 984% |
| Profit (loss) for the period to be appropriated9905 | -€45,247 | -€27,372 | -€36,516 | -€47,657 | €421,529 | ▲ 984% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €413,117 | €410,309 | €371,357 | €352,195 | €320,247 | ▼ 9.1% |
| Fixed assets21/28 | €412,171 | €391,762 | €371,354 | €350,946 | €314,821 | ▼ 10.3% |
| Tangible fixed assets22/27 | €412,171 | €391,762 | €371,354 | €350,946 | €314,821 | ▼ 10.3% |
| Land and buildings22 | - | - | - | €306,638 | €270,514 | ▼ 11.8% |
| Furniture and vehicles24 | - | - | - | €44,308 | €44,308 | = |
| Current assets29/58 | €947 | €18,547 | €3 | €1,249 | €5,425 | ▲ 334% |
| Amounts receivable within one year40/41 | - | - | - | - | €5,425 | - |
| Other amounts receivable41 | - | - | - | - | €5,425 | - |
| Cash at bank and in hand54/58 | €145 | €17,676 | €3 | €1,249 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €413,117 | €410,309 | €371,357 | €352,195 | €320,247 | ▼ 9.1% |
| Equity10/15 | -€236,816 | -€264,188 | -€300,704 | -€348,361 | €73,167 | ▲ 121% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €20,861 | €20,861 | €20,861 | €20,861 | €20,861 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €19,001 | €19,001 | = |
| Profit (loss) carried forward14 | -€276,268 | -€303,640 | -€340,157 | -€387,814 | €33,715 | ▲ 109% |
| Amounts payable17/49 | €649,933 | €674,497 | €672,061 | €700,556 | €247,079 | ▼ 64.7% |
| Amounts payable within one year42/48 | €649,666 | €674,497 | €672,061 | €700,556 | €247,079 | ▼ 64.7% |
| Financial debts43 | - | - | - | €412,225 | €245,002 | ▼ 40.6% |
| Credit institutions430/8 | - | - | - | €412,225 | €245,002 | ▼ 40.6% |
| Trade debts44 | - | €2,880 | - | - | €2,078 | - |
| Suppliers440/4 | - | - | - | - | €2,078 | - |
| Other amounts payable47/48 | - | - | - | €288,331 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,247 | -€27,372 | -€36,516 | -€47,657 | €421,529 | ▲ 984% |
| + Depreciation and write-downs630 | €20,553 | €20,408 | €20,408 | €20,408 | €20,408 | = |
| Operating cash flow (approximation) | -€24,693 | -€6,964 | -€16,108 | -€27,249 | €441,937 | ▲ 1,722% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €15,716 | - |
| Change in cash | - | €17,530 | -€17,672 | €1,246 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 69 days late
2022
31-12
Financial
Back to profitnet €421,529
Net result €421,529 after 4 loss-making years.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 230 days late
2021
31-12
Financial
Weakest financial yearnet -€47,657
Net result drops to -€47,657, the lowest in the series; recovery starts the following year.
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
29-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Donceel · 1 establishment unit since 2001
Ground area
1.6 ha
Building footprint
185 m²
Volume, LiDAR
1,297 m³
Parcel 64046A0602/00L003, Wallonia · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Hesbaye 3, 4357 Donceel
since 20012.095.404.886
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64046A0602/00L003 | Wallonia | 1.6 ha | 1 · 185 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- AMJ Home
- MAFA GROUP
Highest known parent: AMJ Home. The sources do not say who stands above it.
Owners 1
- AMJ HomeparentSourceaccounts AMJ Home 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-02-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471013885
Also
9925:BE0471013885
Registered
07-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.