Financials
- Fiscal year
- 2025
- Total assets
- €163,615
- Loss
- -€20,041
- Solvency
- 32.1%
Total assets▼ 29.4%
Net result
20182025
MA-AU
ActiveSummary
MA-AU has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,463 and a net result of -€20,041. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 48% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
Retail sale of souvenirs and religious articles
NACE 47784Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716NACE 47786
3 sites
Size
€163,615total assets 2025
- Equity
- €52,463
- Loss
- -€20,041
Turnover not published (abridged schema)
Structure
Accounts 21 d early0 of 1 deed read
Why 80- Loss of €20,041 (FY 2025)- 1 of the last 3 late+ Liquidity: current ratio 1.61, cash €101,342+ Size: total assets €163,615Show the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Better than 39% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
57+1
equity 32.1% of total assets
Liquidity
70+11
short-term debt 57.6% · cash 61.9%
Profitability
3-29
return on assets -12.2%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.2%
12-2024: 1.2%● 0.0% vs 11-2024
01-2025: 1.1%▼ -11.0% vs 12-2024
02-2025: 1.1%● 0.0% vs 01-2025
03-2025: 1.1%▼ -1.4% vs 02-2025
04-2025: 1.1%▲ +0.9% vs 03-2025
05-2025: 1.1%▲ +1.7% vs 04-2025
06-2025: 1.0%▼ -4.7% vs 05-2025
07-2025: 1.0%▼ -1.0% vs 06-2025
08-2025: 1.5%▲ +44.3% vs 07-2025highest value
09-2025: 0.5%▼ -68.0% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%▼ -6.3% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.4%▼ -1.8% vs 12-2025
02-2026: 0.4%● 0.0% vs 01-2026
03-2026: 0.4%▼ -0.7% vs 02-2026
04-2026: 0.3%▼ -28.5% vs 03-2026
05-2026: 0.3%▲ +0.6% vs 04-2026
06-2026: 0.3%▼ -3.8% vs 05-2026
07-2026: 0.3%▼ -0.3% vs 06-2026lowest value
08-2026: 0.5%▲ +68.3% vs 07-2026
09-2026: 0.5%● 0.0% vs 08-2026
10-2026: 0.5%● 0.0% vs 09-2026
- Liquidity: current ratio 1.61, cash €101,342 lowers the probability
- Loss of €20,041 (FY 2025) raises the probability
- 1 of the last 3 late raises the probability
- Size: total assets €163,615 lowers the probability for this profile
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.61 in 2024; short-term debt: 57.6% and cash: 61.9% of total assets), but 67.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 47%, liquidity 76%, profitability 14%, growth against the median 16%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d late
2023
70 d late
2022
29 d late
2021
91 d late
2020
23 d late
2019
61 d late
← 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 40 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€20,041
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 10-07-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 29-08-2025Annual accounts filed
Company details
- Sites
- 3
- Legal form
- Private limited company (pre-2019)
- Activity
- Retail sale of souvenirs and religious articlesNACE 47784
- Founded
- 10-07-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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