M.A. ELEVATIONS
ActiveSummary
The computed 12-month bankruptcy probability of M.A. ELEVATIONS is 1.7% (moderate). The 2025 annual accounts show equity of €59,005 and a net result of €56,005. Its solvency ranks better than 48% of 16,785 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €59,005
- Profit
- €56,005
Why 57raises riskFounded in 2024Sector: Food and beverage service activities (NACE 56)Size: total assets €215,049lowers riskLiquidity: current ratio 1.58, cash €90,524Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro): better than 48% on solvency, 89% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 22-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: AL-SAFFAR Murtda Basim Muhi…
Financials · financial year 2025, micro format
2025 annual accounts filed late (29 days) Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00451050.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,497 |
| Other operating charges640/8 | €1,212 |
| Gross operating margin9900 | €110,001 |
| Operating profit (loss)9901 | €78,293 |
| Financial income75/76B | €669 |
| Recurring financial income75 | €669 |
| Financial charges65/66B | €7,013 |
| Recurring financial charges65 | €7,013 |
| Profit (loss) for the period before taxes9903 | €71,948 |
| Income taxes67/77 | €15,943 |
| Profit (loss) for the period9904 | €56,005 |
| Profit (loss) for the period to be appropriated9905 | €56,005 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €215,049 | |
| Fixed assets21/28 | €107,925 | |
| Intangible fixed assets21 | €104,819 | |
| Tangible fixed assets22/27 | €796 | |
| Plant, machinery and equipment23 | €796 | |
| Financial fixed assets28 | €2,310 | |
| Current assets29/58 | €107,124 | |
| Stocks and contracts in progress3 | €4,105 | |
| Stocks30/36 | €4,105 | |
| Amounts receivable within one year40/41 | €11,135 | |
| Trade receivables40 | €4,904 | |
| Other amounts receivable41 | €6,232 | |
| Cash at bank and in hand54/58 | €90,524 | |
| Deferred charges and accrued income490/1 | €1,359 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €215,049 | |
| Equity10/15 | €59,005 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €56,000 | |
| Distributable reserves133 | €56,000 | |
| Profit (loss) carried forward14 | €5 | |
| Amounts payable17/49 | €156,044 | |
| Amounts payable after more than one year17 | €88,200 | |
| Financial debts170/4 | €88,200 | |
| Amounts payable within one year42/48 | €67,844 | |
| Current portion of amounts payable after more than one year42 | €15,745 | |
| Trade debts44 | €29,295 | |
| Suppliers440/4 | €29,295 | |
| Taxes, remuneration and social security45 | €22,804 | |
| Taxes450/3 | €17,113 | |
| Remuneration and social security454/9 | €5,691 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €56,005 |
| + Depreciation and write-downs630 | €30,497 |
| Operating cash flow (approximation) | €86,501 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00451050 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| AL-SAFFAR Murtda Basim Muhi |
|
| OWDETALLAH Amjad |
|
Owners and capital
Capital and shareholders
- AL-SAFFAR Murtda Basim Muhi vennoot
- OWDETALLAH Amjad vennoot
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 03-10-2024 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-10
Gazette deed
IncorporationAppointments: AL-SAFFAR Murtda Basim Muhi (director) and OWDETALLAH Amjad (director) · Partner · Founding capital7 facts ▸
- Partner, AL-SAFFAR Murtda Basim Muhi
- Partner, OWDETALLAH Amjad
- Founding capital, €3,000
- Capital, €3,000
- Director appointment, AL-SAFFAR Murtda Basim Muhi (director (not named in the articles))
- Director appointment, OWDETALLAH Amjad (director (not named in the articles))
- Other provision, “vennoot, 9100 Sint-Niklaas, Prinses Jos.-Charlottelaan 88 B001” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11302A0043/00R000 | Flanders | 136 m² | 1 · 131 m² | 11.6 m · 3 |
| 44805E0469/54C002 | Flanders | 88 m² | 1 · 88 m² | 19.4 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitbaten, het beheer en de inrichting van drank- en eetgelegenheden, restaurants, cafés, bars, cafetaria’s, dancings en clubs…” (deed in Dutch)
15 activities (deed in Dutch)
- Het uitbaten, het beheer en de inrichting van drank- en eetgelegenheden, restaurants, cafés, bars, cafetaria’s, dancings en clubs, broodjeszaken, snackbars, fastfoodzaken, tavernes, tearooms
- De uitbating van een horeca- en cateringbedrijf in ruime zin en het voeren van alle activiteiten welke daarmee rechtsreeks of onrechtstreeks verband houden
- Het verrichten van traiteur en cateringdiensten. De uitbating van verbruikszalen
- De bereiding, verkoop en bedeling, zowel groot- als kleinhandel, van alle mogelijke belegde broodjes, snacks, bereide spijzen, schotels en menu’s, gebak, brood en banket, snoep, roomijs, drank en alle andere koude en warme voedingswaren in de ruimte zin van het woord
- De aankoop van grondstoffen, preparaten, ingrediënten en hulpstoffen voor de bereiding en verkoop van voormelde producten
- Het bereiden van maaltijden en spijzen in een centrale keuken voor rekening van derden
- Het verlenen van dienst- en consultancyprestaties van administratieve, technische, commerciële en bedrijfseconomische aard in de meest uitgebreide betekenis
- Het verlenen van managementactiviteiten en het besturen van andere vennootschappen
- Het verlenen aan bedrijven en particulieren van advies en bijstand en het voeren voor hen van het beleid en het beheer op technisch, commercieel, administratief en bedrijfseconomisch vlak
- De vennootschap is bevoegd om alle handelingen te stellen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp
- De vennootschap kan bovendien alle industriële, commerciële, roerende, onroerende en financiële verrichtingen stellen die nodig of nuttig zijn voor de verwezenlijking, de uitbreiding of de vergemakkelijking van haar voorwerp
- Zo zal zij onder meer roerende en onroerende goederen aan haar zaakvoerder ter beschikking kunnen stellen bij wijze van bezoldiging in natura, zelfs als deze terbeschikkingstelling niet rechtstreeks in verband staat met het voorgaande voorwerp
- Zij mag deelnemen in alle ondernemingen die een gelijkaardig voorwerp nastreven, ook aanverwant, of die de verwezenlijking van het voorwerp vergemakkelijken
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de huur- en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- M.A. ELEVATIONS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2600 Antwerpen (Berchem), Gitschotellei 147” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Tenzij de algemene vergadering dit anders beslist, onbezoldigd” (deed in Dutch)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- “Van Den Broeck Gert-Jan” (deed in Dutch)8 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 20:00