Turnover
≈ €190,000 estimated
The micro format states no turnover.
MAFRIX
Overview
Lifetime
1 annual account with figurespeak €56,086 (2025)
€56,086
peak €31,759 (2025)
€31,759
peak €34,759 (2025)
€34,759
€56,457
Board1 name since 2024
1 directorFRÉDERIX Maarten
Documentsfilings and deeds
23-09-202654 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€3,000 30 shares
Position in the sector
€31,759
Higher net result than 82% of companies in land transport. Sector median €5,669 · 5,918 companies.
2025 accounts filed 54 days after the deadline
Checked score
36
Weak
Financially stronger than 56% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,097 companies (NACE 49, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 3.6%lowest value
02-2026: 3.6%● unchanged vs 01-2026lowest value
03-2026: 3.8%▲ +0.2 percentage points vs 02-2026
04-2026: 4.1%▲ +0.3 percentage points vs 03-2026
05-2026: 4.2%▲ +0.1 percentage points vs 04-2026
06-2026: 4.6%▲ +0.4 percentage points vs 05-2026
07-2026: 4.6%● unchanged vs 06-2026
08-2026: 5.0%▲ +0.4 percentage points vs 07-2026
09-2026: 4.8%▼ -0.2 percentage points vs 08-2026
10-2026: 7.1%▲ +2.3 percentage points vs 09-2026highest value
11-2026: 7.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Sector: Land transport and transport via pipelines (NACE 49)
Size: total assets €91,216
Liquidity: current ratio 1.73, cash €252
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 49, micro). It does better than 50% of them on solvency, 26% on liquidity and 94% on profitability.
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 elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as MAFRIX has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of MAFRIX itself is higher: 7.1% within 12 months. It rests on far more data about MAFRIX than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for MAFRIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.73, above the usual 1.5. Short-term debt is 44.2% and cash 0.3% of total assets. However, 61.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 1 filingDeviation from the deadline
2025
54 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017847823
Incorporation
Founding capital of €3,000, 30 shares · Founder: FRÉDERIX Maarten · Appointment: FRÉDERIX Maarten (director) · published on 27-12-2024 · Gazette deed
First establishment
Harenstraat 25, Tongeren-Borgloon
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAFRIX Tongeren-Borgloon | €91,216 | €56,086 | 38.1% | - |
| ERIC CLAESSENS TRANSPORT Bilzen-Hoeselt | €105,087 | €46,365 | 29.1% | - |
| OULKADI TRANSPORT Lanaken | €86,021 | €42,911 | 45.5% | - |
| MWD TRANSPORTS Frameries | €99,031 | €59,489 | 28.2% | - |
| Minasto Bierbeek | €101,403 | €56,482 | 32.0% | - |
| Group Kurt Diest | €98,745 | €58,788 | 46.0% | - |
| MDA TRANS Woluwe-Saint-Lambert | €98,560 | €63,539 | 37.6% | - |
These companies have the same main activity as MAFRIX: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €86,000 and €105,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 23-12-2024Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.368.489.5803840 Tongeren-Borgloon, since 23-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2025
Insights on MAFRIX
The computed 12-month bankruptcy probability of MAFRIX is 7.1% (elevated). The 2025 annual accounts show equity of €34,759 and a net result of €31,759.
Its solvency ranks better than 50% of 5,946 sector peers (NACE 49, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-09-2026, 54 days late€56,086
€42,787
€31,759
€29,423
38.1%
1.73
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €150,000 and €240,000.
Balance sheet
balance sheet total €91,216 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
38.1%
Higher than 50% of 5,946 companies in 2025.
1.73
Higher than 63% of 5,700 companies in 2025.
34.8%
Higher than 92% of 5,763 companies in 2025.
MAFRIX
Middle half of the sector
80% of the sector
Micro accounts in land transport (NACE 49)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
91,216 | |
21/28 |
21,467 | |
22/27 |
21,467 | |
24 |
21,467 | |
29/58 |
69,750 | |
40/41 |
69,175 | |
40 |
36,204 | |
41 |
32,971 | |
54/58 |
252 | |
490/1 |
323 | |
| Balance sheet: equity and liabilities | ||
10/49 |
91,216 | |
10/15 |
34,759 | |
10/11 |
3,000 | |
14 |
31,759 | |
17/49 |
56,457 | |
17 |
16,131 | |
170/4 |
16,131 | |
42/48 |
40,326 | |
42 |
13,152 | |
44 |
17,835 | |
440/4 |
17,835 | |
45 |
9,339 | |
450/3 |
9,339 | |
| Income statement | ||
9900 |
56,086 | |
630 |
5,533 | |
640/8 |
7,765 | |
9901 |
42,787 | |
75/76B |
0 | |
75 |
0 | |
65/66B |
1,690 | |
65 |
1,690 | |
9903 |
41,098 | |
67/77 |
9,339 | |
9904 |
31,759 | |
9905 |
31,759 | |
| Appropriation of the result | ||
9906 |
31,759 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 54 days after the deadline. Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00522839.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-09-2026 | 2026-00522839 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 48,321 | ||
| 37,292 | ||
| 27,000 | ||
| 29,423 | ||
| 38.1% | ||
| 1.73 | ||
| 1.62 | ||
| 91.4% | ||
| 34.8% | ||
| 28.60 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €27,000 |
| €5,533 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on MAFRIX
Debt's share of the balance-sheet total is 61.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
current term since 23-12-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 23-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 27-12-2024
Mandates through the years
1 name, the dashed line is todayFRÉDERIX Maarten
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- FRÉDERIX Maarten
- Director (not named in the articles), appointed by deed of 27-12-2024, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 30
- Contribution per share
- €100
- Equity per share
- €1,159 in 2025
- Source
- deed of 27-12-2024
Articles of association
deed of 27-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Niet-statutaire bestuurders herroepbaar ad nutum bij besluit algemene vergadering die vertrekvergoeding kan toekennen”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of May at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 27-12-2024 ↗
- FRÉDERIX Maarten 30 shares (100%) · €3,000 · kontanten
Network & group
No group
MAFRIX has no parent and no holdings in its annual accounts. FRÉDERIX Maarten is the only director. MAFRIX shares no director with another company.
At the same address
Harenstraat 25, 3840 Tongeren-Borgloon · 1 other company| Joema
registered office since 07-01-2025 |
founded in 2025 1018.332.724 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 54 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017847823
2024
IncorporationFounding capital of €3,000, 30 shares · Founder: FRÉDERIX Maarten · Appointment: FRÉDERIX Maarten (director) · published on 27-12-20247 points ▸
- Founder, FRÉDERIX Maarten
- Founding capital, €3,000, 30 shares
- 30 shares
- Registered office clause, Harenstraat 25, 3840 Borgloon
- Board rule, 1
- Director appointment, FRÉDERIX Maarten (director (not named in the articles))
- Power of attorney, Bénédicte VAN PARIJS
- The deed holds 3 more points.
First establishment Harenstraat 25, Tongeren-Borgloon
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.847.823
- VAT number
- BE 1017.847.823
- Peppol ID
- 0208:1017847823
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 23-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Wednesday of May at 20:00deed of 27-12-2024 (in Dutch)
- Peppol
- Reachable since 12-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MAFRIX in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-12-2024 (in Dutch)
Activities
NACEBEL 202549410
Freight transport by road main activity
Codes under NACEBEL 2008
49410
Road freight transport main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.Koerierdienst,expressdienst en pakjesdienst zowel in België als buitenland; 2.Goederenvervoer over de weg m.u.v verhuisbedrijven…”deed of 27-12-2024 (in Dutch)
30 activities
- 1.Koerierdienst,expressdienst en pakjesdienst zowel in België als buitenland;
- 2.Goederenvervoer over de weg m.u.v verhuisbedrijven;
- 3.Goederenvervoer langs de weg:vervoer van boomstammen,vee,auto’s,afval,vervoer met koelwagens,zwaar internationaal vervoer,vervoer van bulkgoederen,inclusief vervoer in tankwagens;
- 4.Laden,overladen en lossen van goederen en van bagage die vervoerd worden over de weg,per spoor,door de lucht of over binnenwateren;
- 5.Overige vervoerondersteunende activiteiten;
- 6.Overige activiteiten ivm de organisatie van vrachtvervoer;
- 7.Zakelijke dienstverlening ivm transport en aanverwanten;
- 8.Alle vormen van onderwijs ivm transport en aanverwanten;
- 9.Decoratiewerken;
- 10.Plaatsen van behang,vloerbedekking en wandbekleding;
- 11.Schilderen van gebouwen;
- 12.Schilderen van binnen- en buitenwerk van gebouwen;
- 13.Overige werkzaamheden in verband met de afwerking van gebouwen;
- 14.Renovatie van gebouwen in de meest ruime zin;
- 15.Bouwen en verbouwen van gebouwen;
- 16.Alle grondwerken,alle afbraakwerken,alle land- en tuinbouwwerken,onderhoud en herstelling van grachten,beken en waterlopen;
- 17.Algemeen tuinonderhoud;
- 18.Het organiseren van evenementen en festiviteiten van allerlei aard,zowel in opdracht van professionele organisaties als van particulieren;
- 19.Het organiseren in de meest ruime zin van feesten,parties & recepties;
- 20.Het verzorgen van animatie tijdens de feesten;
- 21.De organisatie,presentatie,begeleiding en verzorging van evenementen,optredens,concerten en festivals,conferenties,tentoonstellingen,beurzen,feesten,modeshows,sport- en culturele manifestaties,en dit in de meest ruime zin.
- 22.Verhuur van materialen voor evenementen;
- 23.Diverse activiteiten in verband met administratie;
- 24.Het beheer van een patrimonium,samengesteld uit onroerende en roerende goederen,het valoriseren en in stand houden van dit patrimonium,vooral door beheersdaden.Beheer wordt in deze zin verstaan dat aankoop en vervreemding toegelaten zijn in zoverre zij nuttig of noodzakelijk zijn of bijdragen tot een meer gunstige samenstelling van het patrimonium van de vennootschap.Daartoe mag de vennootschap alle onroerende,roerende en financiële verhandelingen verrichten zoals onder meer:
- 25.Aankopen en verkopen van roerende en onroerende goederen,onroerende goederen uitrusten,opschikken doen bouwen en verbouwen,verhuren en alle mogelijke onroerende handelingen in de meest brede zin alsmede aankopen,te gelde maken en beleggen in effecten en alle andere waarde-elementen;
- 26.Participaties nemen onder eender welke vorm in alle bestaande of nog op te richten vennootschappen en ondernemingen alsook alle investerings- en financiële verrichtingen behalve deze voorbehouden aan deposito- en spaarbanken of ondernemingen voor vermogensbeheer- en beleggingsadvies.
- 27.De vennootschap handelt voor eigen rekening,voor rekening van derden,in consignatie,in commissie,als tussenpersoon of als vertegenwoordiger:
- 27a.mag,in het algemeen,alle financiële,commerciële,industriële,roerende en onroerende verrichtingen doen welke,rechtstreeks of onrechtstreeks,kunnen bijdragen tot de verwezenlijking van haar maatschappelijk doel of die haar handel of nijverheid kunnen bevorderen,
- 27b.kan de functies en opdrachten van lasthebber,zaakvoerder,bestuurder,kaderlid of expert,lid van het directie- of enig ander comité,toezichthouder,bewindvoerder,sekwester of vereffenaar van andere vennootschappen,rechtspersonen of ondernemingen uitoefenen,
- 27c.kan tevens roerende en onroerende goederen,al dan niet bemeubeld en/of uitgerust en al dan niet samen met de nuts- of gebruiksvoorzieningen,ter beschikking stellen aan de leden van haar bestuursorganen en/of werkende vennoten in het kader van een bezoldigings-politiek van de vennootschap ten gunste van voormelde personen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Harenstraat 25 registered office 3840 Tongeren-Borgloon | 23-12-2024 | 2.368.489.580 |
Buildings and parcels at the address
- Ground area
- 576 m²
- Buildings
- 133 m²
- Volume, LiDAR
- 799 m³
- Tallest building
- 10.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73007A0226/00F000 | 576 m² | 1 · 133 m² | 10.1 m · 2 |