MAFINDUS
ActiveMAFINDUS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €614k and a net result of €76k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 95% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+69
Solvency100=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
short-term debt: 0.4% and cash: 19.4% of total assets, and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.6%
Return on assets
12.3%
Age of the figures
12 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €614k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-02-2026, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
76 d early
2024
89 d early
2023
92 d early
2022
107 d early
2021
71 d early
2020
7 d late
2019
69 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€614k▲ 14.1%
2024 · €538k
2018: €591k
2019: €591k
2020: €582k
2021: €560k
2022: €550k
2023: €553k
2024: €538k
2018 → 2025
Total assets
€616k▲ 14.6%
2024 · €538k
2018: €621k
2019: €619k
2020: €584k
2021: €562k
2022: €551k
2023: €558k
2024: €538k
2018 → 2025
Net result
€76k
2024 · €-15k
2018: €637k
2019: €-120
2020: €-10k
2021: €-22k
2022: €-10k
2023: €3k
2024: €-15k
2018 → 2025
Working capital
€428k▲ 28.0%
2024 · €334k
2018: €104k
2019: €117k
2020: €124k
2021: €119k
2022: €373k
2023: €337k
2024: €334k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€560k-€550k▼ 1.7%€553k▲ 0.5%€538k▼ 2.8%€614k▲ 14.1%
Operating result€-31k-€-25k▲ 20.9%€-4k▲ 85.4%€-18k▼ 409%€4k
Net result€-22k-€-10k▲ 55.6%€3k€-15k€76k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €18k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €616k
Fixed assets
€186k▼ 8.6%
Current assets
€430k▲ 28.7%
Equity and liabilities €616k
Equity
€614k▲ 14.1%
Debt
€2k▲ 1,387%
The debt ratio rises from 0.0% to 0.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €-6k
Cash flow
€92k▲
2024 · €-3k
Solvency
99.6%▼
2024 · 100.0%
Debt / equity
0.00▲
2024 · 0.00
ROE
12.4%▲
2024 · -2.8%
ROA
12.3%▲
2024 · -2.8%
Interest coverage
131.69▲
2024 · -56.52
Debt
€2k▲
2024 · €165
Debt ≤ 1 year
€2k▲
2024 · €165
Income taxes
€8k▲
2024 · €413
A ratio outside any meaningful range has been withheld (balance sheet total €616k, equity €614k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€538k€616k▲
Fixed assets21/28€204k€186k▼
Tangible fixed assets22/27€49k€120k▲
Furniture and vehicles24€49k€120k▲
Financial fixed assets28€155k€67k▼
Current assets29/58€334k€430k▲
Amounts receivable within one year40/41€4k€49k▲
Trade receivables40€2k€2k▲
Other amounts receivable41€2k€47k▲
Current investments50/53€275k€260k▼
Cash at bank and in hand54/58€56k€120k▲
Deferred charges and accrued income490/1€57€1k▲
Equity and liabilities
Total equity and liabilities10/49€538k€616k▲
Equity10/15€538k€614k▲
Contributions10/11€25k€28k▲
Reserves13€3k€75k▲
Non-distributable reserves130/1€3k-
Reserves not available under the articles1311€3k-
Distributable reserves133-€75k
Profit (loss) carried forward14€510k€511k▲
Amounts payable17/49€165€2k▲
Amounts payable within one year42/48€165€2k▲
Trade debts44€165€133▼
Suppliers440/4€165€133▼
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€16k▲
Other operating charges640/8€384€387▲
Gross operating margin9900€-6k€20k▲
Operating profit (loss)9901€-18k€4k▲
Financial income75/76B€4k€80k▲
Recurring financial income75€4k€80k▲
Financial charges65/66B€111€151▲
Recurring financial charges65€111€151▲
Profit (loss) for the period before taxes9903€-15k€84k▲
Income taxes67/77€413€8k▲
Profit (loss) for the period9904€-15k€76k▲
Profit (loss) for the period to be appropriated9905€-15k€76k▲
Appropriation of the result
Profit (loss) to be appropriated9906€510k€586k▲
Profit (loss) brought forward from the previous period14P€525k€510k▼
Transfer to equity691/2-€75k
To other reserves6921-€75k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €76k
Net result €76k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 28current ratio 2022.74
Current ratio from 73.21 to 2022.74; short-term debt falls from €5k to €165.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €3k
Net result €3k after 4 loss-making years.
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 9current ratio 411.79
Current ratio from 47.28 to 411.79; short-term debt falls from €3k to €907.
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
30-09
Financial
Liquidity times 9current ratio 49.46
Current ratio from 5.25 to 49.46; short-term debt falls from €28k to €3k.
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tervuren · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albertlaan 163080 TervurenGround area
2,552 m²
Building footprint
213 m²
Volume, LiDAR
1,629 m³
Parcel 24302G0064/00V003, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAFINDUS
since 20062.155.377.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302G0064/00V003 | Flanders | 2,552 m² | 1 · 213 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
T.H.E. International Trading
BE 0686.645.083
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Jo D'herde
BE 0628.498.434
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VLAANDERENS ZEEPCENTRALE
BE 0400.221.802
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ISSOL
BE 0879.446.738
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LUX-COMFORT
BE 0890.445.746
Oudenaarde · Eq €606k
Of 4,428 companies in sector 46180 we hold annual accounts for 1,887. 1,108 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2006
Fiscal year end30-09
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
51180
64999Other financial services
65236
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/767.00.30