MAFFF

Active

Private limited companyfounded 2010active for 16 yearsSteenweg op Gelrode 106, 3110 Rotselaar, Belgium11 active companies are registered at this addressKBO/BCE: BE 0828.433.151

Summary

MAFFF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€848,257) and a net result of -€48,792. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 5% of 9,723 sector peers (NACE 64, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

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MAFFFActive

Risk analysis Report Compare

Activity

Activities of holding companies

NACE 64210

7th oldest company in Rotselaar, Finance and insurance sector1 site

Size

€628,835total assets 2025

Equity: -€848,257
Loss: -€48,792

Turnover not published (micro format)

Financial health

Financial institution: outside the modelBankruptcy probability: sector outside the model

Structure

Fiona WestheimDaily manager
Floris WestheimDaily manager

2025 accounts filed 11 days late2 of 5 deeds summarised

Signalsraises riskWeak solvency vs sector2025 accounts filed 11 days lateShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

Two signals.

raises risk

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9723 sector peers (2025).

NBB · sector comparison

Position among 9723 sector peers

Solvency

better than 5%

← weakest strongest →

2025 accounts filed 11 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

11 days late

2024

14 days late

2023

58 days late

2022

60 days late

2021

10 days early

2020

61 days late

2019

115 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 44 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 August (4 of the last 5 filed years within 45 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

11-08-2026 Annual accounts filedfinancial year 2025 · micro…
16-10-2025 Resignation: Marcel Westheim (director)Gazette deed
01-09-2025 Appointments: Fiona Westheim (director) and Floris…Power of attorney

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€848,257 View
Risk: 5 loss-making years in a rowloss financial year 2025 -€48,792 View
Caution: Among the weakest 5% on solvencysector median 51.0% · 9,723 companies -134.9% View

By topic

Financials

Financial year: 2025
Total assets: €628,835
Loss: -€48,792
Solvency: -134.9%

Total assets▲ 577%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members

Fiona WestheimDaily manager
Floris WestheimDaily manager

Go to Board & ownership

Timeline

Events: 19
Since: 2012
Next accounts: by 31-07-2027

14-08-2025Annual accounts filed
27-09-2024Annual accounts filed
29-09-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Activities of holding companiesNACE 64210
Founded: 05-08-2010
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 1

See the provisions in the deeds

Go to Articles of association

Key facts about MAFFF

What is the company number of MAFFF?: 0828.433.151. In Belgium the VAT number is the company number with BE in front: BE 0828.433.151.
Where is MAFFF based?: The registered office is at Steenweg op Gelrode 106, 3110 Rotselaar.Company details
What does MAFFF do?: According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of MAFFF?: Private limited company (BV).
When was MAFFF founded?: On 05-08-2010.
Is MAFFF still active?: Yes, MAFFF is an active enterprise in the KBO register.
What is the turnover of MAFFF?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MAFFF profitable?: In financial year 2025, MAFFF made a loss of €48,792.
Where can I find the annual accounts of MAFFF?: MAFFF filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MAFFF due?: By 31-07-2027, for financial year 2026.Timeline