KEVIN MAEGH

Active

Private limited companyfounded 20196 yrs activeBeersendijk 10, 2390 Malle, BelgiumKBO/BCE: BE 0735.452.119

The computed 12-month bankruptcy probability of KEVIN MAEGH is 2.4% (moderate). The 2025 annual accounts show equity of €75k and a net result of €249k. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 27451 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

47 / 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

Profitability82▲+4

Solvency28▼-8

Growth78=

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days acceptable

Liquidity short (current ratio 0.37 against 0.78 in 2024; short-term debt: 34.2% and cash: 2.5% of total assets), and 96.8% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

3.2%

Return on assets

10.5%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27451 sector peers (2025).

NBB · sector comparison

Position among 27451 sector peers

Solvency

better than 10%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

on the day

2024

60 d late

2023

62 d late

2022

on the day

2021

39 d early

2020

51 d early

← before the deadline after the deadline →

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 months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€75k▼ 50.3%

2024 · €151k

2020: €27k 2021: €41k 2022: €73k 2023: €375k 2024: €151k

2020 → 2025

Total assets

€2.37M▲ 77.7%

2024 · €1.34M

2020: €548k 2021: €627k 2022: €840k 2023: €995k 2024: €1.34M

2020 → 2025

Net result

€249k▲ 161%

2024 · €95k

2020: €22k 2021: €14k 2022: €32k 2023: €303k 2024: €95k

2020 → 2025

Working capital

€-513k▼ 590%

2024 · €-74k

2020: €-138k 2021: €-89k 2022: €-271k 2023: €126k 2024: €-74k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€41k-€73k▲ 79.7%€375k▲ 414%€151k▼ 59.8%€75k▼ 50.3%

Operating result€26k-€47k▲ 84.0%€413k▲ 779%€171k▼ 58.6%€352k▲ 106%

Net result€14k-€32k▲ 139%€303k▲ 835%€95k▼ 68.4%€249k▲ 161%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 106% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.37M

87.4%

12.6%

Fixed assets €2.07M▲ 93.2%

Current assets €299k▲ 14.2%

Equity and liabilities €2.37M

96.8%

Equity €75k▼ 50.3%

Debt €2.30M▲ 93.9%

The debt ratio rises from 88.7% to 96.8%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€691k▲

2024 · €484k

Cash flow

€588k▲

2024 · €408k

Solvency

3.2%▼

2024 · 11.3%

Current ratio

0.37▼

2024 · 0.78

Quick ratio

0.36▼

2024 · 0.77

Debt / equity

30.70▲

2024 · 7.87

ROE

333.0%▲

2024 · 63.4%

ROA

10.5%▲

2024 · 7.1%

Interest coverage

12.78▲

2024 · 11.91

Debt

€2.30M▲

2024 · €1.18M

Debt ≤ 1 year

€812k▲

2024 · €336k

Debt > 1 year

€1.48M▲

2024 · €844k

Income taxes

€53k▲

2024 · €36k

Staff costs

€175k▲

2024 · €22k

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€1.34M€2.37M▲

Fixed assets21/28€1.07M€2.07M▲

Intangible fixed assets21€1k€937▼

Tangible fixed assets22/27€1.07M€2.07M▲

Land and buildings22€709k€681k▼

Plant, machinery and equipment23€152k€206k▲

Furniture and vehicles24€184k€208k▲

Leasing and similar rights25€27k€977k▲

Current assets29/58€262k€299k▲

Stocks and contracts in progress3€2k€3k▲

Stocks30/36€2k€3k▲

Amounts receivable within one year40/41€202k€224k▲

Trade receivables40€156k€159k▲

Other amounts receivable41€47k€66k▲

Cash at bank and in hand54/58€43k€59k▲

Deferred charges and accrued income490/1€15k€12k▼

Equity and liabilities

Total equity and liabilities10/49€1.34M€2.37M▲

Equity10/15€151k€75k▼

Contributions10/11€5k€5k=

Reserves13€146k€70k▼

Distributable reserves133€146k€70k▼

Amounts payable17/49€1.18M€2.30M▲

Amounts payable after more than one year17€844k€1.48M▲

Financial debts170/4€644k€1.28M▲

Other amounts payable178/9€200k€200k=

Amounts payable within one year42/48€336k€812k▲

Current portion of amounts payable after more than one year42€127k€297k▲

Trade debts44€75k€160k▲

Suppliers440/4€75k€160k▲

Taxes, remuneration and social security45€76k€8k▼

Taxes450/3€75k€3k▼

Remuneration and social security454/9€1k€5k▲

Other amounts payable47/48€60k€347k▲

Accrued charges and deferred income492/3€5k€2k▼

Income statement Code20242025

Remuneration, social security and pensions62€22k€175k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€313k€339k▲

Other operating charges640/8€53k€29k▼

Gross operating margin9900€559k€895k▲

Operating profit (loss)9901€171k€352k▲

Financial income75/76B€1k€4k▲

Recurring financial income75€1k€4k▲

Financial charges65/66B€41k€54k▲

Recurring financial charges65€41k€54k▲

Profit (loss) for the period before taxes9903€132k€302k▲

Income taxes67/77€36k€53k▲

Profit (loss) for the period9904€95k€249k▲

Profit (loss) for the period to be appropriated9905€95k€249k▲

Appropriation of the result

Profit (loss) to be appropriated9906€95k€249k▲

Transfer from equity791/2€319k€76k▼

Transfer to equity691/2€95k-

To other reserves6921€95k-

Profit to be distributed694/7€319k€325k▲

Return on contributions (dividend)694€319k€325k▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

01-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 62 days late

2023

31-12

Financial Highest result since 2020net €303k ▲835%

Operating result €413k, net result €303k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 1.31

Current ratio from 0.34 to 1.31.

31-12

Financial Equity above €200kEq €375k ▲414%

4 profitable years in a row build equity to €375k.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

22-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €14k ▼38.8%

Net result drops to €14k, the lowest in the series; recovery starts the following year.

10-06

NBB filing Annual accounts filed

fiscal year 2020 · micro 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, Malle · 2 establishment units since 2019

establishment All 2 establishment units on the map

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.

Beersendijk 102390 Malle

Ground area

1,349 m²

Building footprint

393 m²

Volume, LiDAR

1,685 m³

2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

KEVIN MAEGH

Beersendijk 10, 2390 MalleRemediation activities and other waste management service activities

since 20192.294.570.434

Kevin Maegh bv

Dennenlaan 4, 2340 BeerseDemolition

since 20242.372.969.002

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13004C0385/00N017	Flanders	698 m²	1 · 218 m²	7.9 m · 2 fl.
11032B0295/00X000	Flanders	651 m²	1 · 175 m²	4.5 m · 1 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 35 EUR awarded

Year	Entries	awarded	paid
2025	1	35 EUR	0 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 35 EUR · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

10 categories

KEVIN MAEGH BV46280

category C, class 1 · category C1, class 1 · category C2, class 1 · category E, class 1 · category E1, class 1 · category E2, class 1 · category E4, class 1 · category G, class 1 · category G1, class 1 · category G5, class 1

decision 28-05-2026