M.A. Solution
ActiveSummary
M.A. Solution has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,459 and a net result of €69,217. Equity has been growing by about 52% per year since 2022. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-12-2021 Normal situation
- Registered office
- 604 active companies are registered at this address 116 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- No activity registered in the KBO
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment unit
- 2.349.570.919 1600 Sint-Pieters-Leeuw, since 02-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Turnover
- €606,633
- Profit
- €69,217
- ▼ 1.2%
- Equity
- €180,459
- ▲ 35.3%
- Total assets
- €1.4m
- ▲ 9.8%
- Staff
- ≈ 0.1 FTE
- estimated
- 2025 accounts filed 91 days after the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingLast filed accounts filed 91 days late; 1 of the last 3 accounts lateFounded in 2021lowers riskSize: turnover €606,633, total assets €1.4mFigures for financial year 2025 (filed on 30-10-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 24% of them on solvency, 60% on liquidity, 50% on profitability and 83% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 2 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 91 days after the deadline Filed on 30 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00595373.
Annual accounts 2025 filed on 30-10-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 4% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 0 | 4 | - |
| full-time | 0 | 0 | - |
| part-time | - | 4 | - |
| in full-time equivalents | - | 1.7 | - |
| Average over the year, in full-time equivalents | 0 | 1.7 | 3 |
| On a permanent contract | - | 4 | 3 |
| Joined | 4 | 12 | 12 |
| Left | 2 | 14 | 14 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €945,000 |
| Carrying value of the mortgaged assets | - | - | - | €1.0m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €101,542 | €1.1m | €216,791 | €171,504 |
| Intangible fixed assets | - | €9,314 | - | - |
| Depreciation and write-downs of the year | €15,560 | €66,957 | €134,943 | €185,387 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €606,633 | - |
| Non-recurring operating income76A | - | - | - | €22,685 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €254,686 | - |
| Remuneration, social security and pensions62 | €2,358 | €54,291 | €114,743 | €2,456 | ▼ 97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,560 | €66,957 | €134,943 | €185,387 | ▲ 37.4% |
| Other operating charges640/8 | €3,284 | €2,536 | €3,293 | €9,315 | ▲ 183% |
| Non-recurring operating charges66A | - | €6,464 | - | €395 | - |
| Gross operating margin9900 | €63,083 | €203,609 | €460,016 | €412,499 | ▼ 10.3% |
| Operating profit (loss)9901 | €41,882 | €73,360 | €207,037 | €214,945 | ▲ 3.8% |
| Financial income75/76B | €191 | €378 | €395 | €1,483 | ▲ 276% |
| Recurring financial income75 | €191 | €378 | €395 | €1,483 | ▲ 276% |
| Financial charges65/66B | €1,248 | €21,801 | €93,501 | €113,422 | ▲ 21.3% |
| Recurring financial charges65 | €1,248 | €21,801 | €93,501 | €106,926 | ▲ 14.4% |
| Non-recurring financial charges66B | - | - | - | €6,496 | - |
| Profit (loss) for the period before taxes9903 | €40,824 | €51,937 | €113,931 | €103,006 | ▼ 9.6% |
| Income taxes67/77 | €11,322 | €18,105 | €43,861 | €33,789 | ▼ 23.0% |
| Profit (loss) for the period9904 | €29,502 | €33,832 | €70,070 | €69,217 | ▼ 1.2% |
| Transfer to tax-exempt reserves689 | - | €713 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €29,502 | €33,119 | €70,070 | €69,217 | ▼ 1.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €0.1m | €1.1m | €1.3m | €1.4m | ▲ 9.8% |
| Fixed assets21/28 | €0.09m | €1.1m | €1.1m | €1.1m | ▼ 1.0% |
| Intangible fixed assets21 | - | €0.008m | €0.006m | €0.004m | ▼ 29.8% |
| Tangible fixed assets22/27 | €0.09m | €1.0m | €1.1m | €1.1m | ▼ 0.8% |
| Land and buildings22 | €0.02m | €0.9m | €1.0m | €1.0m | ▲ 4.8% |
| Plant, machinery and equipment23 | €0.008m | €0.03m | €0.03m | €0.03m | ▼ 12.0% |
| Furniture and vehicles24 | €0.06m | €0.07m | €0.1m | €0.08m | ▼ 40.1% |
| Current assets29/58 | €0.05m | €0.09m | €0.2m | €0.3m | ▲ 79.3% |
| Amounts receivable within one year40/41 | €0.02m | €0.009m | €0.006m | €0.02m | ▲ 273% |
| Trade receivables40 | €0.02m | €0.005m | €0 | €0.006m | - |
| Other amounts receivable41 | €0.006m | €0.004m | €0.006m | €0.02m | ▲ 172% |
| Current investments50/53 | - | €0.007m | €0.03m | €0.04m | ▲ 60.0% |
| Cash at bank and in hand54/58 | €0.03m | €0.07m | €0.1m | €0.3m | ▲ 75.0% |
| Deferred charges and accrued income490/1 | €0.001m | €0.003m | - | €172 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €0.1m | €1.1m | €1.3m | €1.4m | ▲ 9.8% |
| Equity10/15 | €0.03m | €0.06m | €0.1m | €0.2m | ▲ 35.3% |
| Reserves13 | - | €0.001m | €0.07m | €0.1m | ▲ 87.7% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | - |
| Other1319 | - | - | - | €0.1m | - |
| Tax-exempt reserves132 | - | €0.001m | €0.07m | - | - |
| Profit (loss) carried forward14 | €0.03m | €0.06m | €0.06m | €0.05m | ▼ 23.8% |
| Amounts payable17/49 | €0.1m | €1.1m | €1.2m | €1.3m | ▲ 6.9% |
| Amounts payable after more than one year17 | €0.05m | €0.9m | €1.0m | €0.9m | ▼ 3.7% |
| Financial debts170/4 | €0.05m | €0.9m | €1.0m | €0.9m | ▼ 3.7% |
| Amounts payable within one year42/48 | €0.06m | €0.2m | €0.2m | €0.3m | ▲ 51.0% |
| Current portion of amounts payable after more than one year42 | €0.01m | €0.04m | €0.07m | €0.09m | ▲ 20.6% |
| Trade debts44 | €0.01m | €0.04m | €0.05m | €0.1m | ▲ 130% |
| Suppliers440/4 | €0.01m | €0.04m | €0.02m | €0.1m | ▲ 411% |
| Bills of exchange payable441 | - | €0.001m | €0.03m | - | - |
| Taxes, remuneration and social security45 | €0.02m | €0.07m | €0.1m | €0.1m | ▲ 23.3% |
| Taxes450/3 | €0.02m | €0.06m | €0.07m | €0.1m | ▲ 92.0% |
| Remuneration and social security454/9 | €0.001m | €0.02m | €0.04m | €0.001m | ▼ 97.5% |
| Other amounts payable47/48 | €0.006m | - | - | €0.02m | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.03m | €0.07m | €0.07m | ▼ 1.2% |
| + Depreciation and write-downs630 | €0.02m | €0.07m | €0.1m | €0.2m | ▲ 37.4% |
| Operating cash flow (approximation) | €0.05m | €0.1m | €0.2m | €0.3m | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€0.2m | -€0.2m | ▲ 19.7% |
| Change in cash | - | €0.04m | €0.08m | €0.1m | ▲ 43.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 896 companies had the same profile as M.A. Solution has now. Two years later, 98.1% were still going and 1.1% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M.A. Solution itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 896 companies, not a prediction for M.A. Solution. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- Marcela Gori 50 shares
- Achille Vandyck 50 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Achille Vandyck |
|
| Marcela Gori |
|
Network & group
M.A. Solution shares no director with another company.
Companies at the same address
603 other companies- VAN DER BOUW Registered office · since 2026 1044639223
- A.I COMPANY BE Registered office · since 2026 1044489169
- GROUP SOFIA Registered office · since 2026 1044514212
- KMC WORKS Registered office · since 2026 1044515301
- RUSU COMPANY Registered office · since 2026 1044489565
- ELEN CONSTRUCT Registered office · since 2026 1044414638
- PRO & SYK CONSTRUCT Registered office · since 2026 1044411371
- NMC CONSTRUCT Registered office · since 2026 1044338721
- ALSANAD Registered office · since 2026 1044238751
- NOVA LINK SERVICES Registered office · since 2026 1044006149
Connections & network
1 current directorThe network starts from the directors of M.A. Solution. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-08
Gazette deed
Resignation: Marcela Gori (director)Appointment: Achille Vandyck (sole director) · Shareholding5 points ▸
- General meeting, 08-08-2025
- Director resignation, Marcela Gori (director)
- Director appointment, Achille Vandyck (sole director)
- Marcela Gori holds 50 shares
- Achille Vandyck holds 50 shares
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |