PF Mahy
ActivePF Mahy has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €863k and a net result of €-18k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 87% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 10.8 against 16.15 in 2024; short-term debt: 4% and cash: 4.1% of total assets), and 17.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
82.5%
Return on assets
-1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
25 d late
2023
28 d late
2022
6 d early
2021
4 d late
2020
9 d late
2019
45 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€863k▼ 2.2%
2024 · €883k
2018: €515k
2019: €572k
2020: €953k
2021: €980k
2022: €892k
2023: €894k
2024: €883k
2018 → 2025
Total assets
€1.05M▲ 12.4%
2024 · €930k
2018: €670k
2019: €693k
2020: €1.09M
2021: €1.08M
2022: €964k
2023: €942k
2024: €930k
2018 → 2025
Net result
€-18k
2024 · €8k
2018: €42k
2019: €61k
2020: €35k
2021: €72k
2022: €-36k
2023: €20k
2024: €8k
2018 → 2025
Working capital
€411k▼ 4.3%
2024 · €429k
2018: €79k
2019: €147k
2020: €169k
2021: €231k
2022: €202k
2023: €263k
2024: €429k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€980k-€892k▼ 9.0%€894k▲ 0.3%€883k▼ 1.3%€863k▼ 2.2%
Operating result€85k-€-33k€35k€18k▼ 48.1%€-14k
Net result€72k-€-36k€20k€8k▼ 62.2%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €18k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€593k▲ 25.5%
Current assets
€453k▼ 1.1%
Equity and liabilities €1.05M
Equity
€863k▼ 2.2%
Debt
€183k▲ 286%
The debt ratio rises from 5.1% to 17.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65k▼
2024 · €87k
Cash flow
€61k▼
2024 · €76k
Solvency
82.5%▼
2024 · 94.9%
Current ratio
10.80▼
2024 · 16.15
Quick ratio
10.80▼
2024 · 16.15
Debt / equity
0.21▲
2024 · 0.05
ROE
-2.1%▼
2024 · 0.9%
ROA
-1.7%▼
2024 · 0.8%
Interest coverage
15.55▼
2024 · 55.44
Debt
€183k▲
2024 · €47k
Debt ≤ 1 year
€42k▲
2024 · €28k
Debt > 1 year
€141k▲
2024 · €19k
Income taxes
€2k▼
2024 · €11k
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€930k€1.05M▲
Fixed assets21/28€473k€593k▲
Tangible fixed assets22/27€473k€593k▲
Land and buildings22€470k€593k▲
Furniture and vehicles24€2k€0▼
Current assets29/58€458k€453k▼
Amounts receivable after more than one year29€170k€185k▲
Other amounts receivable291€170k€185k▲
Amounts receivable within one year40/41€156k€146k▼
Other amounts receivable41€156k€146k▼
Current investments50/53€78k€78k=
Cash at bank and in hand54/58€53k€43k▼
Equity and liabilities
Total equity and liabilities10/49€930k€1.05M▲
Equity10/15€883k€863k▼
Contributions10/11€458k€458k=
Revaluation surpluses12€74k€49k▼
Reserves13€377k€401k▲
Tax-exempt reserves132€41k€41k=
Distributable reserves133€335k€360k▲
Profit (loss) carried forward14€-28k€-46k▼
Investment grants15€3k€950▼
Amounts payable17/49€47k€183k▲
Amounts payable after more than one year17€19k€141k▲
Financial debts170/4€19k€141k▲
Amounts payable within one year42/48€28k€42k▲
Current portion of amounts payable after more than one year42€7k€25k▲
Trade debts44€993€64▼
Suppliers440/4€993€64▼
Advances received on contracts in progress46€8k€3k▼
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€12k€13k▲
Other amounts payable47/48€90€90=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€79k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€95k€74k▼
Operating profit (loss)9901€18k€-14k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€19k€-16k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€8k€-18k▼
Profit (loss) for the period to be appropriated9905€8k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-46k▼
Profit (loss) brought forward from the previous period14P€-36k€-28k▲
Transfer from equity791/2€17k-
Profit to be distributed694/7€17k-
Return on contributions (dividend)694€17k-
The notes to these accounts (14 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
31-07
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 20/07/2026
- Registered-office move, Rue des Mimosas 8 1030 Schaerbeek
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 12.97
Current ratio from 3.81 to 12.97; short-term debt falls from €72k to €22k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-36k ▼150%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Highest result since 2018net €72k ▲105%
Operating result €85k, net result €72k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 1986
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.
Mimosasstraat 81030 SchaarbeekGround area
434 m²
Building footprint
143 m²
Volume, LiDAR
1,156 m³
Parcel 21903B0232/00Z000, Brussels · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mimosasstraat 8, 1030 Schaarbeek
since 19862.028.596.038
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0232/00Z000 | Brussels | 434 m² | 1 · 143 m² | 13.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300MQOSYNKOCQK003
Similar companies · same sector, comparable size
Sagax BE Industrial 4
BE 0683.494.167
Antwerpen · Eq €863k
ORALIS
BE 0820.211.214
Elsene · Eq €865k
ARTEBEAU
BE 0831.467.271
Aarschot · Eq €862k
PAUWELS Commv
BE 0821.227.932
Linter · Eq €866k
YO IMMO
BE 1002.840.240
Liège · Eq €867k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-1985
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
93031
96301Funeral services
63920Other information service activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.