MAFRA
ActiveSummary
MAFRA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,593 and a net result of €10,247. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+74
Solvency100=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 12.61 against 23.3 in 2024; short-term debt: 7.8% and cash: 70.1% of total assets), and 7.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
92.2%
Return on assets
13.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
30 d early
2023
34 d early
2022
52 d early
2021
68 d early
2020
59 d early
2019
59 d early
← 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 52 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€69,593▲ 17.3%
2024 · €59,345
Total assets
€75,519▲ 22.0%
2024 · €61,921
Net result
€10,247
2024 · -€3,220
Working capital
€68,804▲ 19.8%
2024 · €57,428
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,935€17,344▲ 192%€11,534▼ 33.5%-€1,591€16,267
Net result€3,990within the sector's middle half▲ 105%€11,260within the sector's middle half▲ 182%€5,601within the sector's middle half▼ 50.3%-€3,220below the sector's middle half€10,247within the sector's middle half
Equity€39,504below the sector's middle half▲ 11.2%€50,765within the sector's middle half▲ 28.5%€62,566below the sector's middle half▲ 23.2%€59,345below the sector's middle half▼ 5.1%€69,593within the sector's middle half▲ 17.3%
Total assets€46,347below the sector's middle half▲ 5.6%€61,753within the sector's middle half▲ 33.2%€73,777below the sector's middle half▲ 19.5%€61,921below the sector's middle half▼ 16.1%€75,519within the sector's middle half▲ 22.0%
Debt€6,842▼ 18.4%€10,988▲ 60.6%€11,211▲ 2.0%€2,575▼ 77.0%€5,927▲ 130%
Working capital€36,503within the sector's middle half▲ 16.3%€47,350within the sector's middle half▲ 29.7%€61,752within the sector's middle half▲ 30.4%€57,428within the sector's middle half▼ 7.0%€68,804within the sector's middle half▲ 19.8%
Solvency85.2%above the sector's middle half▲ 4.3pp82.2%above the sector's middle half▼ 3.0pp84.8%above the sector's middle half▲ 2.6pp95.8%above the sector's middle half▲ 11.0pp92.2%above the sector's middle half▼ 3.7pp
Current ratio6.86above the sector's middle half▲ 1.855.85above the sector's middle half▼ 1.018.00above the sector's middle half▲ 2.1523.30above the sector's middle half▲ 15.3012.61above the sector's middle half▼ 10.69
Return on assets (ROA)8.6%within the sector's middle half▲ 4.2pp18.2%within the sector's middle half▲ 9.6pp7.6%within the sector's middle half▼ 10.6pp-5.2%below the sector's middle half▼ 12.8pp13.6%within the sector's middle half▲ 18.8pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,267 after a loss of €1,591 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75,519
Fixed assets
€788 ▼ 58.9%
Current assets
€74,731 ▲ 24.5%
Equity and liabilities €75,519
Equity
€69,593 ▲ 17.3%
Debt
€5,927 ▲ 130%
Debt's share of the balance-sheet total rises from 4.2% to 7.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17,396▲
2024 · -€305
Cash flow
€11,377▲
2024 · -€1,934
Debt to equity
0.09▲
2024 · 0.04
ROE
14.7%▲
2024 · -5.4%
Interest coverage
12.48▲
2024 · -0.19
Debt ≤ 1 year
€5,927▲
2024 · €2,575
Income taxes
€4,893▲
2024 · €239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €983 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,064 | €1,535 | €1,434 | €1,286 | €1,129 | ▼ 12.2% |
| Other operating charges640/8 | €955 | €639 | €1,199 | €983 | €634 | ▼ 35.5% |
| Gross operating margin9900 | €7,953 | €19,518 | €14,167 | €678 | €18,031 | ▲ 2,560% |
| Operating profit (loss)9901 | €5,935 | €17,344 | €11,534 | -€1,591 | €16,267 | ▲ 1,122% |
| Financial income75/76B | - | - | €107 | €211 | €267 | ▲ 26.5% |
| Recurring financial income75 | - | - | €107 | €211 | €267 | ▲ 26.5% |
| Financial charges65/66B | -€87 | €155 | €2,058 | €1,601 | €1,393 | ▼ 13.0% |
| Recurring financial charges65 | -€87 | €155 | €695 | €1,601 | €1,393 | ▼ 13.0% |
| Non-recurring financial charges66B | - | - | €1,363 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €6,021 | €17,189 | €9,583 | -€2,981 | €15,141 | ▲ 608% |
| Income taxes67/77 | €2,031 | €5,928 | €3,982 | €239 | €4,893 | ▲ 1,949% |
| Profit (loss) for the period9904 | €3,990 | €11,260 | €5,601 | -€3,220 | €10,247 | ▲ 418% |
| Profit (loss) for the period to be appropriated9905 | €3,990 | €11,260 | €5,601 | -€3,220 | €10,247 | ▲ 418% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,347 | €61,753 | €73,777 | €61,921 | €75,519 | ▲ 22.0% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €3,612 | €4,638 | €3,204 | €1,918 | €788 | ▼ 58.9% |
| Tangible fixed assets22/27 | €3,377 | €4,403 | €2,969 | €1,683 | €554 | ▼ 67.1% |
| Land and buildings22 | €706 | €530 | €353 | €176 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1,266 | €2,820 | €1,913 | €1,155 | €554 | ▼ 52.1% |
| Furniture and vehicles24 | €1,405 | €1,054 | €702 | €351 | €0 | ▼ 100% |
| Financial fixed assets28 | €235 | €235 | €235 | €235 | €235 | = |
| Current assets29/58 | €42,735 | €57,115 | €70,573 | €60,003 | €74,731 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €12,706 | €7,384 | €9,840 | €14,287 | €21,779 | ▲ 52.4% |
| Trade receivables40 | €10,737 | €7,112 | €9,822 | €14,263 | €21,014 | ▲ 47.3% |
| Other amounts receivable41 | €1,969 | €273 | €18 | €24 | €765 | ▲ 3,097% |
| Cash at bank and in hand54/58 | €30,029 | €49,731 | €49,090 | €45,716 | €52,952 | ▲ 15.8% |
| Deferred charges and accrued income490/1 | - | - | €11,643 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,347 | €61,753 | €73,777 | €61,921 | €75,519 | ▲ 22.0% |
| Equity10/15 | €39,504 | €50,765 | €62,566 | €59,345 | €69,593 | ▲ 17.3% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €12,107 | ▲ 551% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €12,107 | ▲ 551% |
| Profit (loss) carried forward14 | €25,244 | €36,505 | €42,106 | €38,885 | €38,885 | = |
| Amounts payable17/49 | €6,842 | €10,988 | €11,211 | €2,575 | €5,927 | ▲ 130% |
| Amounts payable within one year42/48 | €6,232 | €9,765 | €8,821 | €2,575 | €5,927 | ▲ 130% |
| Financial debts43 | - | €1,989 | €2,277 | €0 | €1,151 | - |
| Credit institutions430/8 | - | €1,989 | €2,277 | €0 | €1,151 | - |
| Trade debts44 | €1,167 | €1,207 | €2,368 | €908 | €837 | ▼ 7.8% |
| Suppliers440/4 | €1,167 | €1,207 | €2,368 | €908 | €837 | ▼ 7.8% |
| Taxes, remuneration and social security45 | €4,089 | €2,091 | €3,018 | €1,349 | €3,939 | ▲ 192% |
| Taxes450/3 | €4,089 | €2,091 | €3,018 | €1,349 | €3,939 | ▲ 192% |
| Other amounts payable47/48 | €975 | €4,478 | €1,158 | €319 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €610 | €1,224 | €2,390 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,990 | €11,260 | €5,601 | -€3,220 | €10,247 | ▲ 418% |
| + Depreciation and write-downs630 | €1,064 | €1,535 | €1,434 | €1,286 | €1,129 | ▼ 12.2% |
| Operating cash flow (approximation) | €5,054 | €12,795 | €7,035 | -€1,934 | €11,377 | ▲ 688% |
| Investment in fixed assets (approximation) | - | -€2,561 | €0 | €0 | €0 | - |
| Change in cash | - | €19,701 | -€641 | -€3,374 | €7,236 | ▲ 314% |
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
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10,247
Net result €10,247 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€3,220
Net result drops to -€3,220, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 23.30
Current ratio from 8.00 to 23.30; short-term debt falls from €8,821 to €2,575.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €11,260 ▲182%
Operating result €17,344, net result €11,260, both a record.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Beringen · 1 establishment unit since 2008
Ground area
1,211 m²
Building footprint
205 m²
Volume, LiDAR
994 m³
Parcel 71005B0464/00V002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mafra
since 20082.175.893.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005B0464/00V002 | Flanders | 1,211 m² | 1 · 205 m² | 7.1 m · 2 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. 2,589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
33200Installation of industrial machinery and equipment
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808238543
Also
9925:BE0808238543
Registered
08-08-2025
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.