MFA PROJECTS
0822.688.771 · rovalta.com · 21/09/2026
ACTIVE
MFA PROJECTS
Financial year 2025 · closed on 31/12/2025
Net result
1,4 k €
-54.3% YoY
Gross margin
-382,3 €
-103.7% YoY
Equity
57,7 k €
+523.3% YoY
Overview
What does MFA PROJECTS do?
MFA PROJECTS is a Private company with limited liability incorporated in 2010. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0822.688.771
Incorporation
22/01/2010
Legal form
Private company with limited liability
Registered office
Zwartzustersstraat 48 box 1
2000 Antwerpen · FlandreSee on map
2000 Antwerpen · FlandreSee on map
Contributed capital
60 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (1)
- 201
Signals
ProfitableSolid equityGood liquidityPositive cashflow
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Financials
Trend over 15 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||
| Gross margin | -382,3 € | -104% | 10,2 k € | +27.1% | 8 k € | -91.3% | 92,2 k € | +163% | 35,1 k € | -78.9% | 166,3 k € | +119% | 75,9 k € | -22.1% | 97,5 k € | +15.2% | 84,6 k € | -28.4% | 118,2 k € | +50.4% | 78,6 k € | -19.0% | 97 k € | -5.4% | 102,6 k € | +30.0% | 78,9 k € | +38.0% | 57,2 k € |
| EBITDA | -1,1 k € | -113% | 8,4 k € | +45.6% | 5,8 k € | -88.6% | 50,8 k € | +52.2% | 33,4 k € | -78.3% | 153,7 k € | +128% | 67,4 k € | +1.1% | 66,6 k € | +1771% | -4 k € | -104% | 96,9 k € | +28.0% | 75,7 k € | -15.6% | 89,7 k € | -5.8% | 95,2 k € | +49.1% | 63,8 k € | +55.3% | 41,1 k € |
| Operating result | -1,1 k € | -113% | 8,4 k € | +298% | -4,2 k € | -109% | 45,1 k € | +439% | -13,3 k € | -118% | 73,7 k € | +909% | 7,3 k € | -79.9% | 36,3 k € | +186% | -42,1 k € | -245% | 29,1 k € | -28.4% | 40,7 k € | -38.1% | 65,7 k € | +31.6% | 49,9 k € | +8.6% | 46 k € | +348% | -18,5 k € |
| Net result | 1,4 k € | -54.3% | 3 k € | +136% | -8,2 k € | -122% | 36,6 k € | +279% | -20,5 k € | -140% | 50,9 k € | +907% | -6,3 k € | -128% | 22,3 k € | +187% | -25,6 k € | -845% | 3,4 k € | +204% | 1,1 k € | -91.6% | 13,4 k € | -57.8% | 31,8 k € | +336% | 7,3 k € | +112% | -59,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||
| Equity | 57,7 k € | +523% | -13,6 k € | -126% | 53,4 k € | -13.4% | 61,6 k € | +71.1% | 36 k € | -36.3% | 56,5 k € | +18.7% | 47,6 k € | -11.7% | 53,9 k € | +70.4% | 31,6 k € | -44.7% | 57,2 k € | +6.4% | 53,8 k € | +2.1% | 52,7 k € | +34.2% | 39,2 k € | +426% | 7,5 k € | +118% | -41,2 k € |
| Total assets | 60,9 k € | +248% | 17,5 k € | -93.7% | 278,1 k € | -24.4% | 367,9 k € | -60.8% | 939,5 k € | +6.1% | 885,6 k € | +37.6% | 643,5 k € | +6.8% | 602,3 k € | +12.3% | 536,2 k € | -49.7% | 1,1 M € | +13.2% | 940,6 k € | +11.4% | 844,2 k € | +19.3% | 707,5 k € | +31.9% | 536,5 k € | +63.6% | 327,9 k € |
| Cash | 5,7 k € | +0.9% | 5,6 k € | -61.6% | 14,6 k € | -81.2% | 77,7 k € | +413% | 15,2 k € | -90.7% | 163,4 k € | +761% | 19 k € | -43.2% | 33,4 k € | -80.1% | 168,1 k € | +9100% | 1,8 k € | -97.3% | 68,8 k € | -81.5% | 370,7 k € | +6111% | 6 k € | +50.1% | 4 k € | -59.9% | 9,9 k € |
| Debts | 3,1 k € | -89.8% | 30,7 k € | -86.3% | 224,7 k € | -26.6% | 306,3 k € | -66.1% | 903,5 k € | +9.0% | 829,1 k € | +39.1% | 595,9 k € | +8.7% | 548,4 k € | +8.7% | 504,5 k € | -48.8% | 984,8 k € | +11.1% | 886,3 k € | +12.0% | 791,5 k € | +18.6% | 667,4 k € | +26.2% | 529 k € | +43.7% | 368,1 k € |
| Other | |||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,2 ETP | -66.7% | 0,6 ETP | |||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 10 ended
Active mandates
Johan Meersman
ActiveEnded mandates
Johan Meersman
EndedJohan Meersman
EndedVanessa Cloostermans
EndedJohan Meersman
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 31/08/2026 | 25/08/2025 | 31/10/2024 | 11/10/2023 | 31/10/2022 | 28/10/2021 |
| General meeting | 20/06/2026 | 20/06/2025 | 30/06/2024 | 30/06/2023 | 11/07/2022 | 20/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 20/06/2026 | 31/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 20/06/2025 | 25/08/2025 | Dutch | |
| Micro model | 31/12/2023 | 30/06/2024 | 31/10/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 11/10/2023 | Dutch | |
| Micro model | 31/12/2021 | 11/07/2022 | 31/10/2022 | Dutch | |
| Micro model | 31/12/2020 | 20/06/2021 | 28/10/2021 | Dutch | |
| Micro model | 31/12/2019 | 31/08/2020 | 30/09/2020 | Dutch | |
| Micro model | 31/12/2018 | 20/06/2019 | 30/09/2019 | Dutch | |
| Micro model | 31/12/2017 | 20/06/2018 | 03/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 20/06/2017 | 27/09/2017 | Dutch | |
| Abridged model | 31/12/2015 | 20/06/2016 | 05/09/2016 | Dutch | |
| Abridged model | 31/12/2014 | 20/06/2015 | 31/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 20/06/2014 | 27/09/2014 | Dutch | |
| Abridged model | 31/12/2012 | 20/06/2013 | 31/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 20/06/2012 | 27/09/2012 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 10 ended
Active mandates
Johan Meersman
ActiveEnded mandates
Johan Meersman
EndedJohan Meersman
EndedVanessa Cloostermans
EndedJohan Meersman
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates29/08/2024MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
- Registered office01/03/2024MAATSCHAPPELIJKE ZETEL
- Registered office05/01/2022MAATSCHAPPELIJKE ZETEL
- Registered office10/08/2018MAATSCHAPPELIJKE ZETEL
- Registered office19/01/2016MAATSCHAPPELIJKE ZETEL
- Registered office26/02/2015MAATSCHAPPELIJKE ZETEL
- Registered office07/03/2013MAATSCHAPPELIJKE ZETEL
- Capital / shares15/02/2013KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,4 k €↓
- 2024Annual accounts 20243 k €↑
- 2023Annual accounts 2023-8,2 k €↓
- 2022Annual accounts 202236,6 k €↑
- 2021Annual accounts 2021-20,5 k €↓
- 2020Annual accounts 202050,9 k €↑
- 2019Annual accounts 2019-6,3 k €↓
- 2018Annual accounts 201822,3 k €↑
- 2017Annual accounts 2017-25,6 k €↓
- 2016Annual accounts 20163,4 k €↑
- 2015Annual accounts 20151,1 k €↓
- 2014Annual accounts 201413,4 k €↓
- 2013Annual accounts 201331,8 k €↑
- 2012Annual accounts 20127,3 k €↑
- 2011Annual accounts 2011-59,8 k €
- 22/01/2010IncorporationPrivate company with limited liability