4.maat
Active4.maat has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €12k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
81
/ 100
Excellent▲ +56 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency35▲+17
Growth52▲+20
Stability82
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.84 in 2024), but 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
17.8%
Return on assets
4.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-07-2026, 19 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
19 d early
2024
21 d early
2023
5 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€144k
EBIT margin
35.4%
Net result
€12k
2024 · €-8k
2023: €37k
2024: €-8k
2023 → 2025
Working capital
€31k
2024 · €-13k
2023: €12k
2024: €-13k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€144k-
Equity€42k-€34k▼ 18.9%€45k▲ 31.1%
Operating result€51k-€-3k€21k
Net result€37k-€-8k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252k
Fixed assets
€165k▲ 19.8%
Current assets
€87k▲ 28.7%
Equity and liabilities €252k
Equity
€45k▲ 31.1%
Debt
€207k▲ 21.1%
The debt ratio falls from 83.3% to 82.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€56k▲
2024 · €16k
Cash flow
€47k▲
2024 · €12k
Solvency
17.8%▲
2024 · 16.7%
Current ratio
1.55▲
2024 · 0.84
Quick ratio
1.34▲
2024 · 0.63
Debt / equity
4.61▼
2024 · 4.99
ROE
27.4%▲
2024 · -23.3%
ROA
4.9%▲
2024 · -3.9%
Interest coverage
6.42▲
2024 · 3.18
Debt
€207k▲
2024 · €171k
Debt ≤ 1 year
€56k▼
2024 · €81k
Debt > 1 year
€94k▲
2024 · €70k
Income taxes
€686▲
2024 · €0
Staff costs
€79k▲
2024 · €50k
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€205k€252k▲
Fixed assets21/28€137k€165k▲
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€135k€163k▲
Plant, machinery and equipment23€116k€100k▼
Furniture and vehicles24€19k€21k▲
Leasing and similar rights25-€42k
Current assets29/58€68k€87k▲
Stocks and contracts in progress3€17k€12k▼
Stocks30/36€17k€12k▼
Amounts receivable within one year40/41€16k€13k▼
Trade receivables40€16k€13k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€21k€60k▲
Deferred charges and accrued income490/1€13k€2k▼
Equity and liabilities
Total equity and liabilities10/49€205k€252k▲
Equity10/15€34k€45k▲
Contributions10/11€5k€5k=
Reserves13€37k€40k▲
Distributable reserves133€37k€40k▲
Profit (loss) carried forward14€-8k€0▲
Amounts payable17/49€171k€207k▲
Amounts payable after more than one year17€70k€94k▲
Financial debts170/4€70k€94k▲
Amounts payable within one year42/48€81k€56k▼
Current portion of amounts payable after more than one year42€7k€9k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€27k€13k▼
Taxes450/3€19k€3k▼
Remuneration and social security454/9€8k€10k▲
Other amounts payable47/48€41k€33k▼
Accrued charges and deferred income492/3€20k€57k▲
Income statement
Code20242025
Remuneration, social security and pensions62€50k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€35k▲
Other operating charges640/8€12k€2k▼
Gross operating margin9900€79k€137k▲
Operating profit (loss)9901€-3k€21k▲
Financial income75/76B€366€887▲
Recurring financial income75€366€887▲
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€-8k€13k▲
Income taxes67/77€0€686▲
Profit (loss) for the period9904€-8k€12k▲
Profit (loss) for the period to be appropriated9905€-8k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€4k▲
Profit (loss) brought forward from the previous period14P-€-8k
Transfer to equity691/2€0€3k▲
To other reserves6921€0€3k▲
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (13 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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼121%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2023
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.
Spaanskwartier(DKL) 369170 Sint-Gillis-WaasGround area
1,168 m²
Building footprint
127 m²
Volume, LiDAR
532 m³
Parcel 46005A0762/00D000, Flanders · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
4.maat
since 20232.351.698.484
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0762/00D000 | Flanders | 1,168 m² | 1 · 127 m² | 5.4 m · 2 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.
Similar companies · same sector, comparable size
VAJ TECHNICS
BE 0800.383.820
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TOMMY TIMMERWERKEN
BE 0758.850.596
Oostende · Eq €45k
MENUISERIE ARTISANALE MOUSCRON
BE 0444.138.848
Mouscron · Eq €45k
PROFIPLAST
BE 0802.906.711
Somme-Leuze · Eq €46k
MENUIPRO
BE 0864.153.994
Fontaine-l'Evêque · Eq €46k
Of 1,594 companies in sector 16230 we hold annual accounts for 777. 545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2023
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.