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LE MAILLON

Active
Non-profit associationfounded 2008active for 18 yearsChaussée de Tirlemont 7 B, 4260 Braives, BelgiumKBO/BCE: BE 0898.717.470
Summary

LE MAILLON has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €508,613 and a net result of -€105,761. Equity is shrinking by about 2.9% per year across the filed financial years. Its solvency ranks better than 76% of 702 sector peers (NACE 88, financial year 2024). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Social work activities without accommodation
NACE 88101
1 site
Size
€780,941total assets 2024
Staff
29.7 FTE
Equity
€508,613
Deficit
-€105,761
Financial health
93 Excellent Checked score 2024
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
5 members
Accounts 71 days overdue1 of 13 deeds read
Why 93raises riskLoss of €105,761, the second in a row (financial year 2024)lowers riskLegal form: non-profit associationSector: Social work activities without accommodation (NACE 88)Liquidity: current ratio 2.06, cash €489,931Show the evidence

Checked score

Score 2024
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 88, micro)
Financial strength · tick = 2023
Average
Solvency 90-5
equity 65.1% of total assets
Liquidity 86+1
short-term debt 32.9% · cash 62.7%
Profitability 2=
return on assets -13.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,118 companies, NACE 88, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026highest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.06, compared with 2.33 in 2023; short-term debt: 32.9% and cash: 62.7% of total assets), and 34.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, micro): better than 73% on solvency, 76% on liquidity, 10% on profitability and 17% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
raises risk · Loss of €105,761, the second in a row (financial year 2024)
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.06, cash €489,931
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€105,761
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
28 days early
2023
23 days early
2022
31 days late
2021
25 days late
2020
34 days early
2019
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 7 days after the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 26% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Odette DOGNE, Françoise GERARD and…Resignation: Marie JACO (director)
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2024 -€105,761 View
  • Caution: Among the weakest 5% on net resultsector median €11,753 · 703 companies -€105,761 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Board changedlatest change 27-04-2026 · 5 in office 5 joined · 1 left View

By topic

Financials

Financial year
2024
Total assets
€780,941
Loss
-€105,761
Solvency
65.1%
Go to Financials

Board & ownership

Board
5 members
  • Christine METZDirector
  • GERARD FrançoiseDirector
  • Luc PAPARTDirector
  • Marie-Paule LOUMAYEDirector
  • Odette DOGNEDirector
Go to Board & ownership

Timeline

Events
10
Since
2019
  1. 31-08-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 25-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88101
Founded
23-06-2008
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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