ACTIVE

MFA Management

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Financial year 2025 · closed on 31/12/2025

Net result

16,3 k €

+107.6% YoY

Gross margin

57,6 k €

+43.1% YoY

Equity

146 k €

-10.8% YoY

What does MFA Management do?

MFA Management is a Private limited company incorporated in 1999. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Olne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.352.640

Incorporation

25/06/1999

Legal form

Private limited company

Registered office

Rièssonsart 109
4877 Olne · WallonieSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 74114Specialised design activities 69109Legal activities 69109Legal activities 73200Market research and public opinion polling+3

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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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	57,6 k €	+43.1%	40,2 k €	+80.2%	22,3 k €	+205%	7,3 k €	+3636%	196 €	-99.9%	131,2 k €	+68970%	190 €	+109%	-2,2 k €	-157%	3,9 k €	-45.6%	7,1 k €	+14.9%	6,2 k €	-14.4%	7,2 k €	+2310%	-326 €	+95.4%	-7,1 k €	+39.9%	-11,8 k €	-119%	60,7 k €	-50.8%	123,5 k €	+415%	-39,2 k €	-114%	281,8 k €	+43.0%	197,1 k €
EBITDA	53,8 k €	+194%	18,3 k €	-4.9%	19,3 k €	+300%	4,8 k €	+315%	-2,2 k €	-102%	128,6 k €	+5552%	-2,4 k €	+49.6%	-4,7 k €	-397%	-942 €	-120%	4,7 k €	+24.7%	3,8 k €	-20.1%	4,7 k €	+219%	-4 k €	+54.4%	-8,7 k €	+34.2%	-13,2 k €	-122%	59,3 k €	-50.1%	118,9 k €	+394%	-40,4 k €	-114%	280,2 k €	+43.3%	195,5 k €
Operating result	16,8 k €	+317%	-7,7 k €	-920%	-758,3 €	+94.8%	-14,6 k €	+55.7%	-33,1 k €	-133%	99,1 k €	+389%	-34,3 k €	-10.8%	-31 k €	+25.5%	-41,6 k €	-53.4%	-27,1 k €	+14.9%	-31,9 k €	+9.4%	-35,2 k €	+28.5%	-49,2 k €	+23.8%	-64,6 k €	+7.9%	-70,1 k €	-2240%	3,3 k €	-94.2%	56,2 k €	+167%	-84,3 k €	-135%	240 k €	+53.1%	156,7 k €
Net result	16,3 k €	+108%	-214,7 k €	-23448%	-911,6 €	+93.8%	-14,8 k €	+56.1%	-33,7 k €	-134%	99 k €	+377%	-35,8 k €	-12.2%	-31,9 k €	+25.0%	-42,5 k €	-150%	84,4 k €	+292%	-44,1 k €	+6.7%	-47,2 k €	-85.0%	-25,5 k €	+62.7%	-68,5 k €	+1.5%	-69,6 k €	-567%	-10,4 k €	-121%	49,4 k €	+148%	-103,3 k €	-172%	144,1 k €	+51.7%	95 k €
Balance sheet
Equity	146 k €	-10.8%	163,7 k €	-56.7%	378,3 k €	-0.2%	379,2 k €	-3.8%	394 k €	-7.9%	427,7 k €	+30.1%	328,7 k €	-9.8%	364,5 k €	-8.0%	396,4 k €	-9.7%	438,9 k €	+23.8%	354,4 k €	-11.1%	398,5 k €	-10.6%	445,7 k €	-5.4%	471,3 k €	-12.7%	539,8 k €	-11.4%	609,4 k €	-1.7%	619,8 k €	+8.7%	570,4 k €	-15.3%	673,7 k €	+27.2%	529,6 k €
Total assets	190,9 k €	-10.8%	213,9 k €	-49.9%	427,2 k €	+11.9%	381,7 k €	-3.8%	396,7 k €	-12.0%	450,9 k €	+8.5%	415,5 k €	+8.3%	383,6 k €	-6.9%	412,2 k €	-13.9%	478,6 k €	-19.6%	595,1 k €	-17.4%	720,6 k €	-4.7%	756,3 k €	+29.7%	583,3 k €	-13.3%	672,4 k €	-19.5%	835,7 k €	-2.6%	858,4 k €	+5.9%	810,3 k €	-28.1%	1,1 M €	-11.5%	1,3 M €
Cash	8,4 k €	-39.6%	13,9 k €	-48.1%	26,7 k €	+25.6%	21,2 k €	-25.3%	28,4 k €	-37.5%	45,5 k €	+644%	6,1 k €	-60.4%	15,4 k €	-14.6%	18,1 k €	-81.8%	99,2 k €	+75.4%	56,6 k €	+7421%	752 €	+20.7%	623 €	-89.8%	6,1 k €	-83.1%	36 k €	-80.5%	184,8 k €	+31.2%	140,9 k €	+17299%	809,7 €	-98.7%	60 k €	+933%	5,8 k €
Debts	44,9 k €	-10.7%	50,3 k €	+2.9%	48,9 k €	+1918%	2,4 k €	-10.0%	2,7 k €	-88.4%	23,2 k €	-73.3%	86,7 k €	+355%	19,1 k €	+20.5%	15,8 k €	-60.2%	39,7 k €	-83.5%	240,7 k €	-25.3%	322,1 k €	+3.7%	310,5 k €	+177%	112 k €	-15.5%	132,6 k €	-41.4%	226,4 k €	-5.1%	238,6 k €	-0.6%	239,9 k €	-47.1%	453,5 k €	-39.1%	744,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Marc Parthoens

Managing director · since 21 décembre 2023

Active

Thomas Parthoens

Director · since 21 mars 2013

Active

Ended mandates

Marc Parthoens

Director · since 21 décembre 2023

Ended

Antoine Parthoens

Director · since 01 avril 2018

Ended

Antoine Parthoens

Manager · since 01 avril 2018

Ended

Thomas Parthoens

Manager · since 21 mars 2013

Ended

At this address

Other companies at this address

Company	CBE no.
CSW Engineering Group● Active	0893.810.557

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	29/07/2026	30/06/2025	09/07/2024	13/07/2023	29/06/2022	11/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	09/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	29/06/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	11/07/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	18/07/2019	French	PDF
Abridged modelCorrection	31/12/2017	29/06/2018	28/09/2018	French	PDF
Abridged model	31/12/2017	29/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	23/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	04/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 10 ended

Active mandates

Marc Parthoens

Managing director · since 21 décembre 2023

Active

Thomas Parthoens

Director · since 21 mars 2013

Active

Ended mandates

Marc Parthoens

Director · since 21 décembre 2023

Ended

Antoine Parthoens

Director · since 01 avril 2018

Ended

Antoine Parthoens

Manager · since 01 avril 2018

Ended

Thomas Parthoens

Manager · since 21 mars 2013

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates03/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates05/04/2013
OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates11/07/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office04/09/2009
SIEGE SOCIAL
PDF
Capital / shares13/12/2007
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202516,3 k €↑
2024
Annual accounts 2024-214,7 k €↓
2023
Annual accounts 2023-911,6 €↑
2022
Annual accounts 2022-14,8 k €↑
2021
Annual accounts 2021-33,7 k €↓
2020
Annual accounts 202099 k €↑
2019
Annual accounts 2019-35,8 k €↓
2018
Annual accounts 2018-31,9 k €↑
2017
Annual accounts 2017-42,5 k €↓
2016
Annual accounts 201684,4 k €↑
2015
Annual accounts 2015-44,1 k €↑
2014
Annual accounts 2014-47,2 k €↓
2013
Annual accounts 2013-25,5 k €↑
2012
Annual accounts 2012-68,5 k €↑
2011
Annual accounts 2011-69,6 k €↓
2010
Annual accounts 2010-10,4 k €↓
2009
Annual accounts 200949,4 k €↑
2008
Annual accounts 2008-103,3 k €↓
2007
Annual accounts 2007144,1 k €↑
2006
Annual accounts 200695 k €
25/06/1999
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

MFA Management

Overview

What does MFA Management do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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