MAFOC
A bankruptcy procedure is open for MAFOC according to publications in the Belgian State Gazette. The file additionally contains 2 judicial reorganisations. The 2023 annual accounts show equity of €70k and a net result of €-842.
| Equity | €70k |
| Net result | €-842 |
| Staff (FTE) | 2.3 |
| Better than sector | 27% |
Fragile profile — watch health in particular.
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.0% | 33.9% | |
| Net result | €-842 | €11k | |
| Equity | €70k | €18k | |
| Gross operating margin | €63k | €25k | |
| Staff costs | €41k | €20k |
| Fiscal year | 2023 |
|---|---|
| Revenue | — |
| EBITDA | €17k |
| Net profit | €-842 |
| Cash flow | €798 |
| Staff costs | €41k |
| Income taxes | €11k |
| Dividends | — |
| Total assets | €415k |
| Equity | €70k |
| Debt | €344k |
| of which ≤ 1y | €304k |
| of which > 1y | €40k |
| Working capital | €106k |
| Employees (FTE) | 2.3 |
| 2023 | |
|---|---|
| Current ratio | 1.35 |
| Quick ratio | 0.56 |
| Working capital ratio | 25.6% |
| Solvency | 17.0% |
| Debt / equity | 4.90 |
| Long-term debt ratio | 0.57 |
| Interest coverage | 3.27 |
| Gross margin | — |
| Net margin | — |
| ROA | -0.2% |
| ROE | -1.2% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €415k |
| Fixed assets | 21/28 | €4k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €410k |
| Stocks & contracts in progress | 3 | €240k |
| Amounts receivable within one year | 40/41 | €164k |
| Cash & bank | 54/58 | €4k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €415k |
| Equity | 10/15 | €70k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €53k |
| Accumulated profits (losses) | 14 | €-1k |
| Amounts payable | 17/49 | €344k |
| Amounts payable after one year | 17 | €40k |
| Amounts payable within one year | 42/48 | €304k |
| Trade debts payable within one year | 44 | €91k |
| Income statement | ||
| Gross operating margin | 9900 | €63k |
| Operating result | 9901 | €16k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €10k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €-842 |
| Result to be appropriated | 9905 | €-842 |
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ILSE ROOX HASSALUTHDREEF 12B BUS 2,
3500 HASSELT |
02-07-2025 → present | Belgian State Gazette |
| NACE primary | Construction of buildings(41001) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 30-04-2010 |
| Status | Active |
| Postal code | 3630 |
| First BS signal | 17-04-2025 |
| Latest BS signal | 08-07-2025 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060B0102/00L000 | Flanders | 9.1 ha | 1 · 2.0 ha | 13.7 m · 3 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
14-12-2022 1 director appointed, 1 resigning
- Ali Cicek — Bestuurder
- Oguzhan Cicek — Bestuurder
Technical details
{
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"name": "Oguzhan Cicek",
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},
"reason": "end_of_term",
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2021-01-01",
"evidence_quote": "Dhr Oguzhan Cicek wordt ontslagen als bestuurder en dit met terugwerkende kracht tot en met 1 januari 2021. Er wordt hem kwijting verleend.",
"decharge_status": "granted",
"mandate_duration": {
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"value": "2021-01-01"
},
"rep_rotation_new_rep": null,
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"effective_date_qualifier": "retroactive"
},
{
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"effective_date": "2021-01-01",
"evidence_quote": "Dhr Ali Cicek wordt met terugwerkende kracht vanaf 1 januari 2021 benoemd als bestuurder.",
"decharge_status": null,
"mandate_duration": {
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},
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}
],
"notary": {
"name": "TOMGEREN",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-12-14",
"filing_date": "2022-11-29",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2022-11-18",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0825.541.561",
"name_full": "MAFOC",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Ali Cicek",
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},
"co_filed_documents": [],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | MAFOC |