M.A.A.
InactiveM.A.A. was declared bankrupt on 13-03-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 05-06-2025, published in the Belgian State Gazette on 23-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline23-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-02-2023, 196 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
196 d late
2020
557 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
€151k▲ 78.3%
2018 · €85k
2018: €85k
2018 → 2019
EBIT margin
22.2%▲ 18.4pp
2018 · 3.8%
2018: 3.8%
2018 → 2019
Net result
€31k▼ 51.3%
2020 · €63k
2018: €3k
2019: €21k
2020: €63k
2018 → 2021
Working capital
€64k▲ 61.1%
2020 · €40k
2018: €11k
2019: €23k
2020: €40k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€85k-€151k▲ 78.3%
Equity€19k-€26k▲ 35.8%€59k▲ 127%€90k▲ 51.7%
Operating result€3k-€33k▲ 954%€94k▲ 180%€54k▼ 42.3%
Net result€3k-€21k▲ 627%€63k▲ 198%€31k▼ 51.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 42% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €219k
Fixed assets
€46k▼ 28.0%
Current assets
€173k▲ 30.2%
Equity and liabilities €219k
Equity
€90k▲ 51.7%
Debt
€129k▼ 6.2%
The debt ratio falls from 69.8% to 58.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▼
2020 · €111k
Cash flow
€49k▼
2020 · €80k
Solvency
41.1%▲
2020 · 30.2%
Current ratio
1.58▲
2020 · 1.42
Quick ratio
1.58▲
2020 · 1.42
Debt / equity
1.43▼
2020 · 2.32
ROE
34.1%▼
2020 · 106.3%
ROA
14.0%▼
2020 · 32.1%
Interest coverage
9.10▼
2020 · 36.03
Debt
€129k▼
2020 · €138k
Debt ≤ 1 year
€109k▲
2020 · €93k
Debt > 1 year
€19k▼
2020 · €43k
Income taxes
€16k▼
2020 · €27k
Staff costs
€162k▲
2020 · €78k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€197k€219k▲
Fixed assets21/28€64k€46k▼
Tangible fixed assets22/27€64k€46k▼
Furniture and vehicles24€1k-
Leasing and similar rights25€63k€46k▼
Financial fixed assets28€190€189▼
Current assets29/58€133k€173k▲
Amounts receivable within one year40/41€128k€153k▲
Trade receivables40€71k€42k▼
Other amounts receivable41€57k€111k▲
Cash at bank and in hand54/58€2k€18k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€197k€219k▲
Equity10/15€59k€90k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€39k€70k▲
Amounts payable17/49€138k€129k▼
Amounts payable after more than one year17€43k€19k▼
Financial debts170/4€43k€19k▼
Amounts payable within one year42/48€93k€109k▲
Current portion of amounts payable after more than one year42€23k€23k▲
Trade debts44€17k€18k▲
Suppliers440/4€17k€18k▲
Taxes, remuneration and social security45€54k€68k▲
Taxes450/3€37k€37k▼
Remuneration and social security454/9€17k€32k▲
Accrued charges and deferred income492/3€1k€821▼
Income statement
Code20202021
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€78k€162k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€18k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€192k€240k▲
Operating profit (loss)9901€94k€54k▼
Financial income75/76B-€783
Recurring financial income75-€783
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€91k€47k▼
Income taxes67/77€27k€16k▼
Profit (loss) for the period9904€63k€31k▼
Profit (loss) for the period to be appropriated9905€63k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€70k▲
Profit (loss) brought forward from the previous period14P€6k€39k▲
Profit to be distributed694/7€30k-
Directors or managers695€30k-
Social balance
Average headcount (FTE)90872.65.4▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · M.A.A. AVENUE PAUL HYMANS 12, 1200 WOLUWE-SAINT-LAMBERT. déclarée le 13 mars 2023 · event 05-06-2025
2023
22-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · M.A.A. AVENUE PAUL HYMANS 12, 1200 WOLUWE-SAINT-LAMBERT · event 13-03-2023
12-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 196 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 557 days late
2020
31-12
Financial
Highest result since 2018net €63k ▲198%
Operating result €94k, net result €63k, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2016
13-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 44 days late
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 21 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
2013
23-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 23 days late
2012
11-12
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 133 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CLAIRE VAN DE VELDE AVENUE DE FRE 229,
1180 UCCLE |
13-03-2023 → present |