M.A
ActiveThe file of M.A contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The annual accounts of M.A for fiscal year 2024 show a net loss of 56% of total assets. The computed 12-month bankruptcy probability is 9.9% (elevated). The 2024 annual accounts show equity of €5k and a net result of €-5k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 80% of 18941 sector peers (fiscal year 2024).
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency90▼-10
Growth45▼-12
Track record85
Bankruptcy probability, 12 months
9.9%
Elevated
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 ample (current ratio 2.87 against 15.73 in 2023; short-term debt: 34.8% and cash: 14% of total assets), and 34.8% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
65.2%
Return on assets
-55.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
406 d late
2022
88 d late
2021
445 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€33k▲ 12.6%
2023 · €30k
2021: €24k
2022: €28k
2023: €30k
2021 → 2024
EBIT margin
-13.5%▼ 36.0pp
2023 · 22.4%
2021: 30.6%
2022: -17.5%
2023: 22.4%
2021 → 2024
Net result
€-5k
2023 · €7k
2021: €7k
2022: €-5k
2023: €7k
2021 → 2024
Working capital
€5k▼ 46.1%
2023 · €10k
2021: €8k
2022: €3k
2023: €10k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€24k-€28k▲ 15.2%€30k▲ 5.1%€33k▲ 12.6%
Equity€8k-€3k▼ 59.1%€10k▲ 191%€5k▼ 46.1%
Operating result€7k-€-5k€7k€-5k
Net result€7k-€-5k€7k€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €8k
Equity
€5k ▼ 46.1%
Debt
€3k ▲ 324%
Debt's share of the balance-sheet total rises from 6.4% to 34.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.87▼
2023 · 15.73
Quick ratio
0.55▼
2023 · 15.73
Debt to equity
0.53▲
2023 · 0.07
ROE
-85.6%▼
2023 · 65.7%
ROA
-55.8%▼
2023 · 61.5%
Debt ≤ 1 year
€3k▲
2023 · €683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€11k€8k▼
Current assets29/58€11k€8k▼
Stocks and contracts in progress3-€7k
Stocks30/36-€7k
Amounts receivable within one year40/41€6k€425▼
Other amounts receivable41€6k€425▼
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€11k€8k▼
Equity10/15€10k€5k▼
Contributions10/11€1k€1k=
Reserves13€373€373=
Non-distributable reserves130/1€373€373=
Reserves not available under the articles1311€373€373=
Profit (loss) carried forward14€9k€4k▼
Amounts payable17/49€683€3k▲
Amounts payable within one year42/48€683€3k▲
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€683€277▼
Taxes450/3€683€277▼
Other amounts payable47/48-€2k
Income statement
Code20232024
Turnover70€30k€33k▲
Goods, raw materials, services and sundry goods60/61€22k€34k▲
Remuneration, social security and pensions62€725-
Other operating charges640/8€9€4k▲
Gross operating margin9900€7k€-985▼
Operating profit (loss)9901€7k€-5k▼
Financial charges65/66B€39€136▲
Recurring financial charges65€39€136▲
Profit (loss) for the period before taxes9903€7k€-5k▼
Profit (loss) for the period9904€7k€-5k▼
Profit (loss) for the period to be appropriated9905€7k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€4k▼
Profit (loss) brought forward from the previous period14P€2k€9k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 406 days late
2024
12-01
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · M.A SRL RUE BROGNIEZ 132, 1070 ANDERLECHT. déclarée le 25 septembre 2023 · event 22-12-2023
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 15.73
Current ratio from 2.75 to 15.73; short-term debt falls from €2k to €683.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 445 days late
05-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · M.A SRL RUE BROGNIEZ 132, 1070 ANDERLECHT · event 25-09-2023
2022
31-12
Financial
Weakest financial yearnet €-5k ▼167%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 2020
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.
Brogniezstraat 1321070 AnderlechtGround area
179 m²
Building footprint
112 m²
Volume, LiDAR
1,376 m³
Parcel 21305B0244/00B005, Brussels · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Brogniezstraat 132, 1070 Anderlecht
since 20202.311.889.486
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0244/00B005 | Brussels | 179 m² | 1 · 112 m² | 16.9 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLES DUMONT DE CHASSART RUE AUX
LAINES 67-70, 1000 BRUXELLES- |
25-09-2023 → 22-12-2023 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.311.889.486
Similar companies · same sector, comparable size
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VIGARO HORECA
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MUNDIAL Alan
BE 1023.853.608
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GENTE DI MARE
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 2,896 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.