IMMO - MAZY
ActiveIMMO - MAZY has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €-19k. Equity is shrinking by ~9.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24=
Solvency34▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.02 in 2024; short-term debt: 29% and cash: 0.3% of total assets), and 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-19k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
26 d late
2023
31 d late
2022
44 d early
2021
31 d early
2020
17 d early
2019
14 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€74k▼ 20.2%
2024 · €93k
2018: €148k
2019: €169k
2020: €148k
2021: €136k
2022: €124k
2023: €112k
2024: €93k
2018 → 2025
Total assets
€831k▼ 2.6%
2024 · €853k
2018: €591k
2019: €600k
2020: €576k
2021: €537k
2022: €514k
2023: €492k
2024: €853k
2018 → 2025
Net result
€-19k▲ 2.9%
2024 · €-19k
2018: €-19k
2019: €21k
2020: €-27k
2021: €-12k
2022: €-12k
2023: €-12k
2024: €-19k
2018 → 2025
Working capital
€-239k▼ 6.2%
2024 · €-225k
2018: €-17k
2019: €-20k
2020: €-31k
2021: €-54k
2022: €-56k
2023: €-17k
2024: €-225k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€124k▼ 8.8%€112k▼ 9.8%€93k▼ 17.2%€74k▼ 20.2%
Operating result€-4k-€-3k▲ 11.3%€-5k▼ 59.4%€431€-7
Net result€-12k-€-12k▲ 3.5%€-12k▼ 2.1%€-19k▼ 58.4%€-19k▲ 2.9%
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 turns negative in 2025: a loss of €7 after €431 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €831k
Fixed assets
€829k▼ 2.5%
Current assets
€2k▼ 39.3%
Equity and liabilities €831k
Equity
€74k▼ 20.2%
Provisions
€34k▼ 6.4%
Debt
€723k▼ 0.2%
The debt ratio rises from 84.9% to 87.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €22k
Cash flow
€3k▲
2024 · €2k
Solvency
8.9%▼
2024 · 10.9%
Current ratio
0.01▼
2024 · 0.02
Quick ratio
0.01▼
2024 · 0.02
Debt / equity
9.77▲
2024 · 7.82
ROE
-25.3%▼
2024 · -20.8%
ROA
-2.3%▲
2024 · -2.3%
Interest coverage
1.00▼
2024 · 1.00
Debt
€723k▼
2024 · €725k
Debt ≤ 1 year
€241k▲
2024 · €228k
Debt > 1 year
€482k▼
2024 · €497k
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€853k€831k▼
Fixed assets21/28€850k€829k▼
Tangible fixed assets22/27€352k€331k▼
Land and buildings22€352k€331k▼
Financial fixed assets28€498k€498k=
Current assets29/58€3k€2k▼
Amounts receivable within one year40/41€1k-
Trade receivables40€1k-
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€853k€831k▼
Equity10/15€93k€74k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€101k€96k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€95k€89k▼
Profit (loss) carried forward14€-71k€-84k▼
Provisions and deferred taxes16€36k€34k▼
Deferred taxes168€36k€34k▼
Amounts payable17/49€725k€723k▼
Amounts payable after more than one year17€497k€482k▼
Financial debts170/4€317k€287k▼
Other amounts payable178/9€179k€195k▲
Amounts payable within one year42/48€228k€241k▲
Current portion of amounts payable after more than one year42€29k€30k▲
Financial debts43€192k€192k=
Other loans439€192k€192k=
Trade debts44€2k€21▼
Suppliers440/4€2k€21▼
Other amounts payable47/48€5k€18k▲
Accrued charges and deferred income492/3€21€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€25k€23k▼
Operating profit (loss)9901€431€-7▼
Financial income75/76B€31€232▲
Recurring financial income75€31€232▲
Financial charges65/66B€22k€21k▼
Recurring financial charges65€22k€21k▼
Profit (loss) for the period before taxes9903€-22k€-21k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€0-
Profit (loss) for the period9904€-19k€-19k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€-14k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-71k€-84k▼
Profit (loss) brought forward from the previous period14P€-57k€-71k▼
The notes to these accounts (7 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-27k ▼230%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Equity above €150kEq €169k ▲13.9%
Equity rises from €148k to €169k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gembloux · 1 establishment unit since 1998
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.
Chaussée de Charleroi 2515030 GemblouxGround area
8,313 m²
Building footprint
865 m²
Volume, LiDAR
531 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Bois-des-Mazuis, Vitrival 43, 5070 Fosses-la-Ville
since 19982.089.604.880
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92255B0149/00T000 | Wallonia | 7,684 m² | 1 · 775 m² | - |
| 92132B0781/00C003 | Wallonia | 629 m² | 1 · 90 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-03-1998
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.