AB+MA
ActiveSummary
AB+MA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €110 and a net result of €2,774. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 434 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency47▼-53
Growth40▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Age of the figures
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 434 sector peers (2026).
NBB · sector comparisonPosition among 434 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 05-04-2026, 209 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
209 d early
2025
164 d early
2024
94 d early
2023
122 d early
2022
102 d early
2021
67 d early
2020
116 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 125 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€12,846▼ 18.0%
2025 · €15,661
EBIT margin
21.9%▼ 10.4pp
2025 · 32.3%
Net result
€2,774▼ 21.1%
2025 · €3,515
Working capital
€110▼ 96.9%
2025 · €3,536
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€15,810▲ 29.4%€20,630▲ 30.5%€15,393▼ 25.4%€15,661▲ 1.7%€12,846▼ 18.0%
Operating result€176€4,395▲ 2,401%€4,298▼ 2.2%€5,062▲ 17.8%€2,813▼ 44.4%
Net result-€771below the sector's middle half▲ 88.7%€4,082within the sector's middle half€2,980within the sector's middle half▼ 27.0%€3,515within the sector's middle half▲ 18.0%€2,774▼ 21.1%
EBIT margin1.1%▲ 51.1pp21.3%▲ 20.2pp27.9%▲ 6.6pp32.3%▲ 4.4pp21.9%▼ 10.4pp
Equity-€842below the sector's middle half▼ 1,084%-€2,959below the sector's middle half▼ 252%€21below the sector's middle half€3,536below the sector's middle half▲ 17,023%€110▼ 96.9%
Total assets€14,230below the sector's middle half▼ 29.0%€6,672below the sector's middle half▼ 53.1%€826below the sector's middle half▼ 87.6%€3,928below the sector's middle half▲ 376%€498▼ 87.3%
Debt€15,071▼ 25.0%€9,631▼ 36.1%€805▼ 91.6%€392▼ 51.3%€388▼ 1.1%
Working capital-€14,595▲ 21.1%-€6,982▲ 52.2%-€419▲ 94.0%€3,536€110▼ 96.9%
Solvency-5.9%below the sector's middle half▼ 5.6pp-44.4%below the sector's middle half▼ 38.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 44% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €498
Equity
€110 ▼ 96.9%
Debt
€388 ▼ 1.1%
Debt's share of the balance-sheet total rises from 10.0% to 78.0%. Equity and debt are lower.
Key figures and ratios
Debt ≤ 1 year
€388▼
2025 · €392
Income taxes
€88▼
2025 · €1,605
Ratios withheld: a balance sheet total of €498 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €15,810 | €20,630 | €15,393 | €15,661 | €12,846 | ▼ 18.0% |
| Goods, raw materials, services and sundry goods60/61 | €9,028 | €7,768 | €7,260 | €10,169 | €10,033 | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,606 | €11,049 | €3,583 | €440 | - | - |
| Other operating charges640/8 | - | - | €252 | - | - | - |
| Gross operating margin9900 | €6,782 | €15,444 | €8,133 | €5,501 | €2,813 | ▼ 48.9% |
| Operating profit (loss)9901 | €176 | €4,395 | €4,298 | €5,062 | €2,813 | ▼ 44.4% |
| Financial income75/76B | €30 | - | €43 | €100 | €93 | ▼ 6.8% |
| Recurring financial income75 | €30 | - | €43 | €100 | €93 | ▼ 6.8% |
| Non-recurring financial income76B | €30 | - | - | - | - | - |
| Financial charges65/66B | €453 | €41 | €46 | €42 | €45 | ▲ 6.1% |
| Recurring financial charges65 | €453 | €41 | €46 | €42 | €45 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | -€248 | €4,353 | €4,294 | €5,120 | €2,862 | ▼ 44.1% |
| Income taxes67/77 | €523 | €271 | €1,314 | €1,605 | €88 | ▼ 94.5% |
| Profit (loss) for the period9904 | -€771 | €4,082 | €2,980 | €3,515 | €2,774 | ▼ 21.1% |
| Profit (loss) for the period to be appropriated9905 | -€771 | €4,082 | €2,980 | €3,515 | €2,774 | ▼ 21.1% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,230 | €6,672 | €826 | €3,928 | €498 | ▼ 87.3% |
| Fixed assets21/28 | €13,753 | €4,023 | €440 | €0 | - | - |
| Tangible fixed assets22/27 | €13,753 | €4,023 | €440 | €0 | - | - |
| Furniture and vehicles24 | €13,753 | €4,023 | €440 | €0 | - | - |
| Current assets29/58 | €477 | €2,649 | €386 | €3,928 | €498 | ▼ 87.3% |
| Amounts receivable within one year40/41 | €141 | €2,221 | €129 | €1,453 | €455 | ▼ 68.7% |
| Trade receivables40 | €141 | €2,059 | €111 | €1,453 | €455 | ▼ 68.7% |
| Other amounts receivable41 | - | €162 | €18 | - | - | - |
| Cash at bank and in hand54/58 | €336 | €427 | €257 | €2,475 | €42 | ▼ 98.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,230 | €6,672 | €826 | €3,928 | €498 | ▼ 87.3% |
| Equity10/15 | -€842 | -€2,959 | €21 | €3,536 | €110 | ▼ 96.9% |
| Contributions10/11 | €12,400 | €6,200 | €6,200 | €6,200 | - | - |
| Reserves13 | €368 | €368 | €368 | €368 | - | - |
| Non-distributable reserves130/1 | €368 | €368 | €368 | €368 | - | - |
| Other1319 | €368 | €368 | €368 | €368 | - | - |
| Profit (loss) carried forward14 | -€13,609 | -€9,527 | -€6,547 | -€3,032 | €110 | ▲ 104% |
| Amounts payable17/49 | €15,071 | €9,631 | €805 | €392 | €388 | ▼ 1.1% |
| Amounts payable within one year42/48 | €15,071 | €9,631 | €805 | €392 | €388 | ▼ 1.1% |
| Trade debts44 | €154 | €184 | - | - | - | - |
| Suppliers440/4 | €154 | €184 | - | - | - | - |
| Taxes, remuneration and social security45 | €472 | - | €360 | €392 | €388 | ▼ 1.1% |
| Taxes450/3 | €472 | - | €360 | €392 | €388 | ▼ 1.1% |
| Other amounts payable47/48 | €14,445 | €9,447 | €445 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€771 | €4,082 | €2,980 | €3,515 | €2,774 | ▼ 21.1% |
| + Depreciation and write-downs630 | €6,606 | €11,049 | €3,583 | €440 | - | - |
| Operating cash flow (approximation) | €5,836 | €15,131 | €6,563 | €3,955 | €2,774 | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | -€1,319 | €0 | €0 | - | - |
| Change in cash | - | €91 | -€170 | €2,218 | -€2,433 | ▼ 210% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
05-04
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Liquidity times 21current ratio 10.01
Current ratio from 0.48 to 10.01; short-term debt falls from €805 to €392.
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €4,082
Net result €4,082 after 3 loss-making years.
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet -€6,818
Net result drops to -€6,818, the lowest in the series; recovery starts the following year.
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 106 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Profondeville
Ground area
1,977 m²
Building footprint
121 m²
Volume, LiDAR
672 m³
Parcel 92101B0131/00H006, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92101B0131/00H006 | Wallonia | 1,977 m² | 1 · 121 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
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Dobis
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OPTRIDIS
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Seraing · Eq €108
E.F. BUSDEVCONSULTING
BE 1003.944.753
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 697 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-2012
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
66199Other activities auxiliary to financial services, excluding insurance and pension funding
82100Office administrative and support services
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845728053
Registered
13-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.