ACTIVE

MAFAR (SA)

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Financial year 2025 · closed on 31/12/2025
Net result
60,2 k €
+141.4% YoY
Gross margin
-40,1 k €
+80.3% YoY
Equity
4,4 M €
+1.4% YoY
Workforce
0,0 ETP

What does MAFAR do?

MAFAR is a Public limited company incorporated in 1983. Its main activity is: Development of building projects. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0424.509.414
Incorporation
17/06/1983
Legal form
Public limited company
Registered office
Avenue Louise 143 box 4
1050 Ixelles · BruxellesSee on map
Contributed capital
610 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate70111Activities of head offices
Joint committees (1)
  • 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120192018201720152014201320122011
Income statement
Gross margin-40,1 k €-203,9 k €868,2 k €-166,3 k €25,4 k €402,6 k €851,4 k €105,5 k €164,8 k €822,6 k €342,9 k €-314,3 k €-298,5 k €
EBITDA-41,4 k €-205,2 k €852,1 k €-181,8 k €22,9 k €399,6 k €851,4 k €101,2 k €162,8 k €816,9 k €338,6 k €-320,7 k €-308,5 k €
Operating result-77,3 k €-234,5 k €517,2 k €-273,9 k €-211,9 k €392,5 k €844,8 k €60,8 k €121,7 k €785,1 k €306,8 k €-352,2 k €-341,6 k €
Net result60,2 k €-145,3 k €393,3 k €-356,3 k €-213 k €219,4 k €772 k €4,3 k €289,6 k €774,8 k €390,7 k €-324,9 k €-497,6 k €
Balance sheet
Equity4,4 M €4,4 M €4,5 M €4,1 M €4,5 M €4,5 M €4,3 M €3 M €3,5 M €3,2 M €2,4 M €2,1 M €2,4 M €
Total assets5,3 M €5,1 M €5,2 M €4,6 M €6,6 M €6,2 M €6,2 M €4,7 M €5,9 M €5 M €3 M €2,8 M €2,8 M €
Cash99 k €115,3 k €109,8 k €739,1 k €3,1 M €4,1 M €4 M €128,4 k €658,1 k €284,3 k €697,1 k €224,8 k €82,9 k €
Debts419,7 k €292,5 k €235,4 k €302,2 k €2 M €1,5 M €1,7 M €1,5 M €2,3 M €1,6 M €424,6 k €582,6 k €225,6 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––––––––0,1 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Marc ROELANDT

Managing director · since 06 octobre 2020

Active

Ended mandates

Marc ROELANDT

Director · since 06 octobre 2020

Ended
Alexandre Cambier

Director · since 24 avril 2017 · until 24 avril 2023

Ended
Alexandre CAMBIER

Director · since 24 avril 2017 · until 06 octobre 2020

Ended
marc roelandt

Managing director · since 24 avril 2017 · until 24 avril 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/11/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months14 months
Filing date27/08/202627/08/202526/07/202409/06/202323/08/202229/07/2021
General meeting21/08/202613/08/202525/07/202426/05/202328/07/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202521/08/202627/08/2026DutchPDF
Abridged model31/12/202413/08/202527/08/2025DutchPDF
Abridged model31/12/202325/07/202426/07/2024DutchPDF
Abridged model31/12/202226/05/202309/06/2023DutchPDF
Abridged model31/12/202128/07/202223/08/2022DutchPDF
Abridged model31/12/202028/06/202129/07/2021DutchPDF
Abridged model31/10/201927/04/202027/04/2020DutchPDF
Abridged model31/10/201822/04/201924/04/2019DutchPDF
Abridged model31/10/201723/04/201825/04/2018DutchPDF
Abridged model31/10/201624/04/201725/04/2017DutchPDF
Abridged model31/10/201525/04/201625/04/2016DutchPDF
Abridged model31/10/201427/04/201507/05/2015DutchPDF
Abridged model31/10/201328/04/201402/05/2014DutchPDF
Abridged model31/10/201222/04/201314/11/2013DutchPDF
Abridged model31/10/201123/04/201215/05/2012DutchPDF
Abridged model31/10/201025/04/201122/06/2011DutchPDF
Abridged model31/10/200926/04/201025/05/2010DutchPDF
Abridged model31/10/200824/04/200907/05/2009DutchPDF
Abridged model30/11/200608/05/200725/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Marc ROELANDT

Managing director · since 06 octobre 2020

Active

Ended mandates

Marc ROELANDT

Director · since 06 octobre 2020

Ended
Alexandre Cambier

Director · since 24 avril 2017 · until 24 avril 2023

Ended
Alexandre CAMBIER

Director · since 24 avril 2017 · until 06 octobre 2020

Ended
marc roelandt

Managing director · since 24 avril 2017 · until 24 avril 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/10/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates13/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/06/2012
    ALGEMENE VERGADERING
    PDF
  • Other16/01/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates27/05/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares18/10/2007
    BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/08/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/07/2003
    ANNEE COMPTABLE
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202560,2 k €↑
  2. 2024
    Annual accounts 2024-145,3 k €↓
  3. 2023
    Annual accounts 2023393,3 k €↑
  4. 2022
    Annual accounts 2022-356,3 k €↓
  5. 2021
    Annual accounts 2021-213 k €↓
  6. 2019
    Annual accounts 2019219,4 k €↓
  7. 2018
    Annual accounts 2018772 k €↑
  8. 2017
    Annual accounts 20174,3 k €↓
  9. 2015
    Annual accounts 2015289,6 k €↓
  10. 2014
    Annual accounts 2014774,8 k €↑
  11. 2013
    Annual accounts 2013390,7 k €↑
  12. 2012
    Annual accounts 2012-324,9 k €↑
  13. 2011
    Annual accounts 2011-497,6 k €
  14. 17/06/1983
    IncorporationPublic limited company