M.A.
ActiveSummary
The computed 12-month bankruptcy probability of M.A. is 2.3% (moderate). The annual accounts of M.A. for fiscal year 2024 show a net loss of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-5k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 33% of 6720 sector peers (fiscal year 2024). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency46▼-54
Growth55=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.29 against 2.65 in 2023; short-term debt: 79% and cash: 14.8% of total assets), and 79% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
21%
Return on assets
-23.4%
Age of the figures
21 mo
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 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-5k
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
37 d early
2022
32 d late
2021
29 d late
2020
59 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Turnover
€29k▼ 13.9%
2023 · €34k
EBIT margin
-22.4%▲ 14.9pp
2023 · -37.3%
Net result
€-5k▲ 66.0%
2023 · €-14k
Working capital
€-11k
2023 · €4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€17k€34k▲ 99.6%€29k▼ 13.9%
Operating result€-304€18k€829▼ 95.3%€-13k€-6k▲ 48.4%
Net result€-497€17k€559▼ 96.8%€-14k€-5k▲ 66.0%
EBIT margin4.9%-37.3%▼ 42.2pp-22.4%▲ 14.9pp
Equity€24k▼ 2.0%€41k▲ 72.0%€42k▲ 1.4%€9k▼ 79.1%€4k▼ 52.8%
Total assets€26k▼ 3.3%€41k▲ 55.7%€50k▲ 21.0%€11k▼ 77.6%€20k▲ 76.1%
Debt€3k▼ 13.8%€8k€2k▼ 69.7%€16k▲ 535%
Working capital€11k▲ 57.7%€33k€4k▼ 87.6%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €13k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20k
Fixed assets
€15k ▲ 223%
Current assets
€5k ▼ 30.0%
Equity and liabilities €20k
Equity
€4k ▼ 52.8%
Debt
€16k ▲ 535%
Debt's share of the balance-sheet total rises from 21.9% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▲
2023 · €-8k
Cash flow
€-2k▲
2023 · €-9k
Current ratio
0.29▼
2023 · 2.65
Debt to equity
3.77▲
2023 · 0.28
ROE
-111.7%▲
2023 · -155.2%
ROA
-23.4%▲
2023 · -121.2%
Interest coverage
-22.29▲
2023 · -57.22
Debt ≤ 1 year
€16k▲
2023 · €2k
Staff costs
€179
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €17k | €34k | €29k | ▼ 13.9% |
| Non-recurring operating income76A | - | - | €11k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €22k | €41k | €30k | ▼ 28.5% |
| Remuneration, social security and pensions62 | - | - | - | - | €179 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | - | €4k | €4k | €3k | ▼ 32.1% |
| Other operating charges640/8 | - | €348 | €799 | €418 | €3k | ▲ 542% |
| Gross operating margin9900 | €4k | €18k | €6k | €-8k | €-677 | ▲ 91.3% |
| Operating profit (loss)9901 | €-304 | €18k | €829 | €-13k | €-6k | ▲ 48.4% |
| Financial income75/76B | - | - | - | - | €2k | - |
| Recurring financial income75 | - | - | - | - | €2k | - |
| Financial charges65/66B | - | €156 | €269 | €144 | €159 | ▲ 10.4% |
| Recurring financial charges65 | €192 | €156 | €269 | €144 | €159 | ▲ 10.4% |
| Profit (loss) for the period before taxes9903 | €-497 | €18k | €559 | €-13k | €-5k | ▲ 63.8% |
| Income taxes67/77 | - | €403 | - | €823 | - | - |
| Profit (loss) for the period9904 | €-497 | €17k | €559 | €-14k | €-5k | ▲ 66.0% |
| Profit (loss) for the period to be appropriated9905 | €-497 | €17k | €559 | €-14k | €-5k | ▲ 66.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €41k | €50k | €11k | €20k | ▲ 76.1% |
| Fixed assets21/28 | €13k | €13k | €9k | €5k | €15k | ▲ 223% |
| Tangible fixed assets22/27 | €13k | €13k | €9k | €4k | €15k | ▲ 240% |
| Furniture and vehicles24 | - | €13k | €9k | €4k | €15k | ▲ 240% |
| Financial fixed assets28 | €334 | €334 | €334 | €334 | €334 | = |
| Current assets29/58 | €13k | €28k | €41k | €6k | €5k | ▼ 30.0% |
| Amounts receivable within one year40/41 | €9k | €2k | €37k | €4k | €2k | ▼ 62.0% |
| Trade receivables40 | - | - | €4k | - | - | - |
| Other amounts receivable41 | - | €2k | €33k | €4k | €2k | ▼ 62.0% |
| Cash at bank and in hand54/58 | €4k | €26k | €3k | €2k | €3k | ▲ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €41k | €50k | €11k | €20k | ▲ 76.1% |
| Equity10/15 | €24k | €41k | €42k | €9k | €4k | ▼ 52.8% |
| Contributions10/11 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €832 | €832 | €832 | - | - | - |
| Non-distributable reserves130/1 | - | €832 | €832 | - | - | - |
| Reserves not available under the articles1311 | - | €832 | €832 | - | - | - |
| Profit (loss) carried forward14 | €4k | €22k | €22k | €9k | €4k | ▼ 52.8% |
| Amounts payable17/49 | €3k | - | €8k | €2k | €16k | ▲ 535% |
| Amounts payable within one year42/48 | €3k | - | €8k | €2k | €16k | ▲ 535% |
| Trade debts44 | - | - | €8k | €2k | €330 | ▼ 85.0% |
| Suppliers440/4 | - | - | €8k | €2k | €330 | ▼ 85.0% |
| Taxes, remuneration and social security45 | - | - | - | €242 | - | - |
| Taxes450/3 | - | - | - | €242 | - | - |
| Other amounts payable47/48 | - | - | - | - | €15k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-497 | €17k | €559 | €-14k | €-5k | ▲ 66.0% |
| + Depreciation and write-downs630 | €4k | - | €4k | €4k | €3k | ▼ 32.1% |
| Operating cash flow (approximation) | €4k | €17k | €5k | €-9k | €-2k | ▲ 82.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-13k | - |
| Change in cash | - | €22k | €-23k | €-1k | €726 | ▲ 159% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.30
Current ratio from 1.04 to 3.30.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Elsene · 1 establishment unit since 1982
Ground area
1,574 m²
Building footprint
1,579 m²
Volume, LiDAR
46,471 m³
Parcel 21807G0135/00T003, Brussels · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
284
companies at this address
See who is registered here
1 establishment unit
Louizalaan 251, 1050 Elsene
since 19822.034.893.120
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 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
NADER
BE 0440.582.413
Wemmel · Eq €4,109
MSO CORP
BE 1012.056.626
Meise · Eq €4,142
AG RIDE
BE 1019.379.235
Machelen (Brab.) · Eq €4,147
AZLAN EXPRESS
BE 1019.505.929
Kortrijk · Eq €4,075
EAGLE MOTIONS
BE 1020.723.575
Gent · Eq €4,189
Of 6,683 companies in sector 49330 we hold annual accounts for 2,292. 1,599 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
Founded08-03-1982
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.