DE MAAI
ActiveDE MAAI has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €854k and a net result of €357k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 3695 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2023
100
/ 100
Excellent▲ +42 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+100
Solvency95▲+37
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days only on tighter terms
Liquidity ample (current ratio 4.03 against 1.4 in 2022), and 49.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2023Solvency, return and age of the figures
Solvency
50.7%
Return on assets
21.2%
Age of the figures
32 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline13-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-04-2025, 272 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
272 d late
2022
638 d late
2021
1003 d late
2020
1 d early
2019
63 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€1.43M
EBIT margin
18.0%
Net result
€357k
2022 · €-46k
2018: €-4k
2019: €158k
2020: €48k
2021: €-197k
2022: €-46k
2018 → 2023
Working capital
€549k▲ 197%
2022 · €185k
2018: €311k
2019: €480k
2020: €451k
2021: €244k
2022: €185k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€1.43M-
Equity€743k-€790k▲ 6.4%€594k▼ 24.9%€547k▼ 7.8%€854k▲ 56.0%
Operating result€259k-€74k▼ 71.2%€-187k€-37k▲ 80.4%€417k
Net result€158k-€48k▼ 69.9%€-197k€-46k▲ 76.5%€357k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €417k after a loss of €37k in 2022, the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.69M
Fixed assets
€955k▼ 12.9%
Current assets
€731k▲ 13.4%
Equity and liabilities €1.69M
Equity
€854k▲ 56.0%
Debt
€832k▼ 30.3%
The debt ratio falls from 68.5% to 49.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€563k▲
2022 · €75k
Cash flow
€502k▲
2022 · €66k
Solvency
50.7%▲
2022 · 31.5%
Current ratio
4.03▲
2022 · 1.40
Quick ratio
2.88▲
2022 · 0.95
Debt / equity
0.97▼
2022 · 2.18
ROE
41.8%▲
2022 · -8.4%
ROA
21.2%▲
2022 · -2.7%
Interest coverage
54.57▲
2022 · 7.29
Debt
€832k▼
2022 · €1.19M
Debt ≤ 1 year
€182k▼
2022 · €459k
Debt > 1 year
€624k▼
2022 · €708k
Income taxes
€51k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.74M€1.69M▼
Fixed assets21/28€1.10M€955k▼
Intangible fixed assets21€11k€11k=
Tangible fixed assets22/27€1.08M€936k▼
Land and buildings22€1.05M€926k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€16k€6k▼
Financial fixed assets28€8k€8k=
Current assets29/58€644k€731k▲
Stocks and contracts in progress3€208k€208k=
Stocks30/36€208k€208k=
Amounts receivable within one year40/41€365k€185k▼
Trade receivables40€316k€78k▼
Other amounts receivable41€48k€107k▲
Cash at bank and in hand54/58€72k€339k▲
Equity and liabilities
Total equity and liabilities10/49€1.74M€1.69M▼
Equity10/15€547k€854k▲
Contributions10/11€19k€19k=
Reserves13€529k€835k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€30k€30k=
Distributable reserves133€496k€803k▲
Amounts payable17/49€1.19M€832k▼
Amounts payable after more than one year17€708k€624k▼
Financial debts170/4€708k€624k▼
Amounts payable within one year42/48€459k€182k▼
Current portion of amounts payable after more than one year42€83k€85k▲
Trade debts44€290k€43k▼
Suppliers440/4€290k€43k▼
Taxes, remuneration and social security45€13k€54k▲
Taxes450/3€13k€54k▲
Remuneration and social security454/9€22€22=
Other amounts payable47/48€73k-
Accrued charges and deferred income492/3€26k€26k=
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€146k▲
Other operating charges640/8€11k€9k▼
Gross operating margin9900€86k€571k▲
Operating profit (loss)9901€-37k€417k▲
Financial income75/76B€808€937▲
Recurring financial income75€808€937▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€-46k€407k▲
Income taxes67/77-€51k
Profit (loss) for the period9904€-46k€357k▲
Profit (loss) for the period to be appropriated9905€-46k€357k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€357k▲
Transfer from equity791/2€46k€50k▲
Transfer to equity691/2-€357k
To other reserves6921-€357k
Profit to be distributed694/7-€50k
Return on contributions (dividend)694-€50k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 272 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 638 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1003 days late
2023
31-12
Financial
Back to profitnet €357k
Net result €357k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.03
Current ratio from 1.40 to 4.03; short-term debt falls from €459k to €182k.
2021
31-12
Financial
Weakest financial yearnet €-197k ▼514%
Net result drops to €-197k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 63 days late
2019
31-12
Financial
Back to profitnet €158k
Net result €158k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 12 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Oud-Turnhout · 1 establishment unit since 1986
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.
Waterstraat 252360 Oud-TurnhoutGround area
1,002 m²
Building footprint
198 m²
Volume, LiDAR
1,032 m³
Parcel 13483G0242/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waterstraat 25, 2360 Oud-Turnhout
since 19862.035.889.745
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13483G0242/00C000 | Flanders | 1,002 m² | 1 · 198 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2023 · 2 entries · 29,631 EUR awarded · 29,903 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 29,631 EUR | 29,903 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOud-Turnhout2.035.889.745
Similar companies · same sector, comparable size
VEVAR
BE 0862.499.551
Hoogstraten · Eq €863k
VERWINDO
BE 0822.161.508
Wingene · Eq €876k
CAMATOR
BE 0435.178.622
Torhout · Eq €888k
DE SCHRIEKEN
BE 0449.327.457
Ravels · Eq €894k
LANGENS-HOEVE
BE 0807.526.681
Bocholt · Eq €896k
Of 902 companies in sector 01461 we hold annual accounts for 295. 235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-06-1986
Fiscal year end31-12
Activities, NACEBEL
01231
01461Pig breeding farms
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.