ACTIVE

MAFA

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Financial year 2025 · closed on 31/12/2025

Net result

26 k €

+5088.7% YoY

Gross margin

13,2 k €

+320.9% YoY

Equity

830,3 k €

-2.7% YoY

What does MAFA do?

MAFA is a Private limited company incorporated in 1994. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.871.512

Incorporation

07/12/1994

Legal form

Private limited company

Registered office

Rue de la Roche 28
1301 Wavre · WallonieSee on map

Contributed capital

9 296,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	13,2 k €	+321%	-6 k €	+78.9%	-28,2 k €	+21.8%	-36,1 k €	-21.7%	-29,7 k €	-252%	19,6 k €	-74.0%	75,4 k €	-74.3%	293,6 k €	-75.4%	1,2 M €	+910%	118,3 k €	+41.3%	83,7 k €	+413%	16,3 k €	+599%	2,3 k €	-95.3%	49,9 k €	+444%	9,2 k €	-91.3%	105,7 k €	+360%	-40,7 k €	-377%	-8,5 k €	-128%	30,4 k €	+231%	9,2 k €
EBITDA	11,8 k €	+244%	-8,2 k €	+72.5%	-30 k €	+21.0%	-37,9 k €	-20.8%	-31,4 k €	-276%	17,9 k €	-75.8%	73,7 k €	-74.8%	292,5 k €	-75.5%	1,2 M €	+910%	118 k €	+41.7%	83,3 k €	+424%	15,9 k €	+749%	1,9 k €	-96.2%	49,5 k €	+629%	6,8 k €	-93.5%	105 k €	+350%	-42,1 k €	-308%	-10,3 k €	-140%	25,8 k €	+227%	7,9 k €
Operating result	11,8 k €	+244%	-8,2 k €	+72.5%	-30 k €	+21.0%	-37,9 k €	+30.4%	-54,4 k €	-861%	-5,7 k €	-111%	49,6 k €	-81.5%	268,1 k €	-77.0%	1,2 M €	+907%	115,9 k €	+41.1%	82,1 k €	+417%	15,9 k €	+843%	1,7 k €	-96.5%	48,3 k €	+790%	-7 k €	-108%	88,8 k €	+254%	-57,9 k €	-121%	-26,2 k €	-315%	12,2 k €	+85.8%	6,6 k €
Net result	26 k €	+5089%	501,9 €	+102%	-29,2 k €	+71.5%	-102,4 k €	-154%	-40,4 k €	-1358%	3,2 k €	-96.7%	97,8 k €	-46.6%	183,3 k €	-74.7%	724,6 k €	+869%	74,8 k €	-75.4%	304,1 k €	+2601%	11,3 k €	+1035%	991,9 €	-97.0%	33,2 k €	+488%	-8,5 k €	-112%	71,4 k €	+219%	-59,9 k €	-223%	-18,6 k €	-398%	6,2 k €	+95.3%	3,2 k €
Balance sheet
Equity	830,3 k €	-2.7%	853,1 k €	+0.1%	852,5 k €	-3.3%	881,7 k €	-10.4%	984,1 k €	-3.9%	1 M €	+0.3%	1 M €	+3.1%	991 k €	+9.2%	907,7 k €	+252%	258 k €	-22.6%	333,2 k €	+1045%	29,1 k €	+63.2%	17,8 k €	+5.9%	16,8 k €	+203%	-16,4 k €	-109%	-7,8 k €	+90.1%	-79,2 k €	-311%	-19,3 k €	-2573%	-722 €	+89.6%	-7 k €
Total assets	880 k €	+2.9%	855,3 k €	-0.5%	859,4 k €	-2.8%	884,5 k €	-10.3%	986,4 k €	-4.0%	1 M €	-8.2%	1,1 M €	-14.2%	1,3 M €	+8.3%	1,2 M €	+82.9%	658,2 k €	+72.6%	381,4 k €	+679%	49 k €	+25.5%	39 k €	-51.4%	80,3 k €	+103%	39,5 k €	-76.1%	165,2 k €	+66.8%	99,1 k €	+79.1%	55,3 k €	-77.4%	244,7 k €	+1060%	21,1 k €
Cash	34,5 k €	+941%	3,3 k €	-82.1%	18,5 k €	-91.4%	214,7 k €	+2.7%	209,1 k €	+51.4%	138,1 k €	-51.5%	284,9 k €	-47.0%	537,2 k €	+11.5%	481,8 k €	+222%	149,4 k €	-54.4%	328 k €	+7634%	4,2 k €	-17.1%	5,1 k €	-88.3%	43,6 k €	+1038%	3,8 k €	-51.1%	7,8 k €	+401%	1,6 k €	-70.1%	5,2 k €	+71.6%	3 k €	-61.7%	8 k €
Debts	49,7 k €	+2070%	2,3 k €	-66.5%	6,8 k €	+151%	2,7 k €	+20.6%	2,3 k €	-25.6%	3 k €	-96.9%	97,6 k €	-68.7%	312,4 k €	+5.4%	296,3 k €	-25.9%	400,1 k €	+731%	48,1 k €	+142%	19,9 k €	-6.2%	21,2 k €	-66.5%	63,3 k €	+13.6%	55,7 k €	-67.8%	173 k €	-3.0%	178,3 k €	+139%	74,6 k €	-69.6%	245,4 k €	+778%	27,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Vincent MAROY

Director

Active

Ended mandates

Marie-France ALONGI

Manager · until 08 octobre 2013

Ended

Marie-France ALONGI

Manager

Ended

Vincent MAROY

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	19/06/2025	11/06/2024	14/06/2023	11/07/2022	05/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

31 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	16/06/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	19/06/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	11/06/2024	French	PDF
Abridged model	31/12/2022	02/06/2023	14/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	11/07/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	05/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	08/07/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	06/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	19/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	08/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	28/07/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	05/07/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	09/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	18/07/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	13/08/2007	French	PDF
Abridged model	31/12/2005	02/06/2006	29/08/2006	French	PDF
Abridged model	31/12/2004	07/06/2005	18/08/2005	French	PDF
Abridged model	31/12/2003	01/06/2004	29/10/2004	French	PDF
Abridged model	31/12/2002	30/06/2003	01/09/2003	French	PDF

View all 31 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 ended

Active mandates

Vincent MAROY

Director

Active

Ended mandates

Marie-France ALONGI

Manager · until 08 octobre 2013

Ended

Marie-France ALONGI

Manager

Ended

Vincent MAROY

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/01/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates09/01/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office05/07/2013
SIEGE SOCIAL
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

2025
Annual accounts 202526 k €↑
2024
Annual accounts 2024501,9 €↑
2023
Annual accounts 2023-29,2 k €↑
2022
Annual accounts 2022-102,4 k €↓
2021
Annual accounts 2021-40,4 k €↓
2020
Annual accounts 20203,2 k €↓
2019
Annual accounts 201997,8 k €↓
2018
Annual accounts 2018183,3 k €↓
2017
Annual accounts 2017724,6 k €↑
2016
Annual accounts 201674,8 k €↓
2015
Annual accounts 2015304,1 k €↑
2014
Annual accounts 201411,3 k €↑
2013
Annual accounts 2013991,9 €↓
2012
Annual accounts 201233,2 k €↑
2011
Annual accounts 2011-8,5 k €↓
2010
Annual accounts 201071,4 k €↑
2009
Annual accounts 2009-59,9 k €↓
2008
Annual accounts 2008-18,6 k €↓
2007
Annual accounts 20076,2 k €↑
2006
Annual accounts 20063,2 k €
07/12/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAFA

Overview

What does MAFA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline