Financials
- Financial year
- 2025
- Total assets
- €7.9m
- Loss
- -€1.1m
- Solvency
- 66.7%
M.A.Z.
ActiveSummary
The computed 12-month bankruptcy probability of M.A.Z. is 3.0% (moderate). The 2025 annual accounts show equity of €5.3m and a net result of -€1.1m. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 79% of 12,650 sector peers (NACE 47, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of hardware, building materials, paint and glass (general range)
NACE 47521
6 sites
Size
€7.9mtotal assets 2025
- Staff
- 26.7 FTE
- Equity
- €5.3m
- Loss
- -€1.1m
Net result -482%: branch of activity transferred
Structure
- Parent
- C.B. BOUWMARKTEN · 100%
- BOURRELIER Yoann Jean-Claude MichelDirector
- LE TÉNO YannDirector
Auditor: RSM Interaudit BVAccounts filed 40 days late7 of 14 deeds read
Why 50raises riskLoss of €1.1m, the second in a row (financial year 2025)Liquidity: current ratio 2.69, cash €28,2111 change of registered office in 24 monthsLatest accounts 40 days late; 1 of the last 3 lateShow the evidence
Checked score
Score 2025
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 36% of its sector peers (NACE 47, small)
Financial strength · tick = 2024
Weak
Solvency
92-8
equity 66.7% of total assets
Liquidity
36-12
short-term debt 33.3% · cash 0.4%
Profitability
1-15
return on assets -14.3%
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 0.4%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: 0.4%● unchanged vs 09-2025lowest value
11-2025: 0.4%● unchanged vs 10-2025lowest value
12-2025: 0.7%▲ +0.3 percentage points vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.4 percentage points vs 07-2026
09-2026: 1.9%▲ +0.5 percentage points vs 08-2026
10-2026: 3.0%▲ +1.1 percentage points vs 09-2026highest value
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.69, compared with 6.27 in 2024, above the usual 1.5; short-term debt: 33.3% and cash: 0.4% of total assets), and 33.3% of the assets are financed with debt and provisions.
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 47, small): better than 85% on solvency, 38% on liquidity, 4% on profitability and 16% on growth.
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
Six signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.1m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
40 days late
2024
28 days late
2023
30 days late
2022
30 days late
2021
31 days late
2020
4 days late
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Capital & shares · RestructuringDemerger · Accounting effect ·…
- Weakest financial yearnet -€1.1m
Key points
- Risk: 3 loss-making years in a rowloss financial year 2025 -€1.1m View
- Caution: Among the weakest 5% on net resultsector median €27,784 · 12,640 companies -€1.1m View
- Result fell in 2025branch of activity transferred to M.A.Z. REAL ESTATE ▼ 482% View
- 2 restructurings since 2025latest: branch transferred to M.A.Z. REAL ESTATE 2 View
- Controlled by C.B. BOUWMARKTENultimately: Bourrelier Group SA 100% View
By topic
Board & ownership
- Board
- 2 members
- Parent
- C.B. BOUWMARKTEN · 100%
- Auditor
- RSM Interaudit BV
- BOURRELIER Yoann Jean-Claude MichelDirector
- LE TÉNO YannDirector
Network & group
- Group
- Bourrelier Group SA
- Mergers and asset contributions
- 2
Timeline
- Events
- 47
- Since
- 1990
- Next accounts
- by 31-07-2027
- 05-11-2025Registered office
- 28-08-2025Annual accounts filed
- 18-03-2025Restructuring
Company details
- Sites
- 6
- Legal form
- Private limited company
- Activity
- Retail sale of hardware, building materials, paint and…NACE 47521
- Founded
- 30-05-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 20
- Who signs
- Each director alone
- Annual meeting
- Fourth Friday of June at 14:30
- Purpose
- “1) de aankoop,de verkoop,de import,de export,'de distributie in kleinhandel van…” (deed in Dutch)
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