Equity
€358,049 ▲ 48.2%
Equity rose in 2025 from €241,521 to €358,049.
MAFICON
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €244,884 (2021)
€130,737▲ 15.2%
lowest -€110,730 (2017)
€116,528▲ 21.4%
peak €358,049 (2025)
€358,049▲ 48.2%
€3.7m▲ 3.0%
Board3 names since 1998
3 directorsDanny LENAERTS and 2 others
Documentsfilings and deeds
21-08-202621 days late
2025abbreviated format
Gross margin from €113,484 to €130,737Equity from €241,521 to €358,049Cash from €30,724 to €15,818
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The abbreviated format states no turnover.
Debts
€3.7m 91% of the balance sheet
Financial debts 66%Suppliers 0%Taxes and wages 0%Other 34%
Of this, €1.1m falls due within a year.
Filings
27 annual accounts since 1999
Seven of the last ten came late. The 2020 accounts came latest: 114 days after the end of the period.
Group
5 companies controlled
Heads a group.
Position in the sector
8.8%
Lower solvency than 85% of companies in head offices and management consultancy. Sector median 52.4% · 10,858 companies.
Checked score
92
Excellent
Financially stronger than 36% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.6 percentage points vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.60, cash €15,818
Equity €358,049 (8.8% of total assets)
lowers risk
Size: total assets €4.1m
Figures for financial year 2025 (filed on 21-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 12% of them on solvency, 25% on liquidity, 18% on profitability and 88% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.6 (0.31 in 2024), below 1. Short-term debt is 27.2% and cash 0.4% of total assets. 91.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10858 sector peers (2025).
NBB · sector comparisonPosition among 10858 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 filingsDeviation from the deadline
2025
21 days late
2024
29 days late
2023
30 days late
2022
4 days early
2021
78 days late
2020
114 days late
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · 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 29 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463774222
Appointments: Danny LENAERTS (managing director) and Kris LENAERTS (managing director)
Board meeting of 22-05-2024 · Gazette deed
2 directors appointed, 1 resignation
Change of role: LENAERTS Danny, from statutory director to director · Resignation: LENAERTS Kris (director) · Appointments: LENAERTS Kris (director) and DUCHATEAU Frederick Jan Paul (director) · General meeting of 28-06-2021 · Gazette deed
Appointment: Kris LENAERTS (manager)
General meeting of 11-04-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAFICON Riemst | €4.1m | €130,737 | 8.8% | - |
| Emerging Markets International Brussels | €3.8m | €132,148 | 19.4% | 4.2 |
| TT CAPITAL Uccle | €4.4m | €133,752 | 24.5% | - |
| AMBTMAN Antwerp | €4.2m | €143,597 | -0.3% | - |
| HUPPELDEPUP Leuven | €4.6m | €136,956 | 73.2% | 0.6 |
| VERDONCK PERSONEELSMANAGEMENT Wervik | €3.9m | €120,665 | 96.7% | - |
| CLEAR VIEW Oud-Turnhout | €4.7m | €138,874 | 37.0% | - |
These companies have the same main activity as MAFICON: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.8m and €4.7m, founded between 1995 and 1999.
Official details
Source: KBO- Status
- Active since 14-07-1998Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.087.736.6413770 Riemst, since 20-07-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on MAFICON
MAFICON files the abbreviated format. That format states no turnover. The gross margin rose from €101,830 in 2006 to €130,737 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAFICON
- What is the company number of MAFICON?
- The company number of MAFICON is 0463.774.222. The VAT number is the same number with BE in front: BE 0463.774.222.
- Where is MAFICON based?
- The registered office is at Krekelgrachtstraat 14A, 3770 Riemst.Company details
- What does MAFICON do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MAFICON?
- MAFICON is a private limited company (BV).
- When was MAFICON founded?
- MAFICON was founded on 14-07-1998.
- Is MAFICON still active?
- Yes, MAFICON is an active enterprise in the KBO register.
- What is the turnover of MAFICON?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €130,737 and 93 comparable companies (NACE 70200). It probably lies between €170,000 and €270,000.Financials
- Is MAFICON profitable?
- In financial year 2025, MAFICON made a profit of €116,528.
- Where can I find the annual accounts of MAFICON?
- MAFICON filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAFICON due?
- MAFICON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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