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MA&CO

Active
Private limited companyfounded 2019active for 7 yearsHelmetsesteenweg 176, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0718.865.713

From the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MA&CO has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,695 and a net result of €29,560. Equity has been growing by about 15% per year since 2019. Its solvency ranks better than 58% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Official details

KBO
Status
Active since 18-01-2019 Normal situation
Legal form
Private limited company
Registered office
Helmetsesteenweg 176, 1030 Schaarbeek
Activity
Site preparation NACE 43120and 2 others
Establishment unit
2.284.148.179 1030 Schaarbeek, since 21-01-2019
Financial year end
31 December
Peppol
Reachable since 28-09-2025

Board and ownership

Board
  • Kaboçi IlirDirector · since 18-01-2019

Financial position

67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Annual accounts 2025
Gross margin
€169,069
▼ 17.0%
Turnover
≈ €550,000
estimated
Profit
€29,560
▼ 58.7%
Equity
€108,695
▼ 12.6%
Total assets
€202,135
▼ 17.4%
Staff
4.3 FTE
▲ 22.9%
2025 accounts filed 60 days after the deadline
Filed on 29-09-2026at the National Bank
Score breakdownraises riskLast filed accounts filed 60 days late; 2 of the last 3 accounts lateSize: total assets €202,135lowers riskLiquidity: current ratio 2.15, cash €51,452Equity €108,695 (53.8% of total assets)Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 52% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 79+3
equity 53.8% of total assets
Liquidity 59+10
short-term debt 46.2% · cash 25.5%
Profitability 87-13
return on assets 14.6%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025lowest value 05-2025: 0.9%▲ +0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 0.9%● unchanged vs 06-2025 08-2025: 1.8%▲ +0.9 percentage points vs 07-2025 09-2025: 2.1%▲ +0.3 percentage points vs 08-2025 10-2025: 4.1%▲ +2.0 percentage points vs 09-2025 11-2025: 4.4%▲ +0.3 percentage points vs 10-2025highest value 12-2025: 2.1%▼ -2.3 percentage points vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.2%▲ +0.1 percentage points vs 03-2026 05-2026: 2.4%▲ +0.2 percentage points vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.4%▲ +0.1 percentage points vs 06-2026 08-2026: 3.3%▲ +0.9 percentage points vs 07-2026 09-2026: 3.6%▲ +0.3 percentage points vs 08-2026 10-2026: 1.0%▼ -2.6 percentage points vs 09-2026
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.15 (2.03 in 2024), above the usual 1.5. Short-term debt is 46.2% and cash 25.5% of total assets. 46.2% of the assets are financed with debt and provisions.
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 (NACE 43, micro). It does better than 59% of them on solvency, 57% on liquidity, 72% on profitability and 22% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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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Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 60 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 2.15, cash €51,452
NBB · annual accounts
raises risk · Size: total assets €202,135
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €108,695 (53.8% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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 · 7 filings
Deviation from the deadline
2025
60 days late
2024
102 days late
2023
30 days late
2022
25 days early
2021
30 days late
2020
28 days late
2019
59 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 41 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 7 profitable years in a rowprofit 2025: €29,560 7 years View
  • Higher gross margin than 87% of companies in specialised constructionsector median €39,332 · 34,862 companies €169,069 View

Documents

Key facts about MA&CO

What is the company number of MA&CO?
The company number of MA&CO is 0718.865.713. The VAT number is the same number with BE in front: BE 0718.865.713.
Where is MA&CO based?
The registered office is at Helmetsesteenweg 176, 1030 Schaarbeek.Company details
What does MA&CO do?
According to the KBO register, the main activity is site preparation (NACE 43120).
What is the legal form of MA&CO?
The legal form of MA&CO is Private limited company (BV).
When was MA&CO founded?
MA&CO was founded on 18-01-2019.
Is MA&CO still active?
Yes, MA&CO is an active enterprise in the KBO register.
How many employees does MA&CO have?
MA&CO had an average of 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MA&CO?
The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €169,069 and 236 comparable companies (NACE 43). It probably lies between €420,000 and €780,000.
Is MA&CO profitable?
In financial year 2025, MA&CO made a profit of €29,560.
Where can I find the annual accounts of MA&CO?
MA&CO filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MA&CO due?
MA&CO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as MA&CO: site preparation (NACE 43120). They are comparable in size and age: total assets between €185,000 and €299,000, founded between 2018 and 2019.

CompanyTotal assetsGross margin
MA&CO Schaarbeek€202,135€169,069
B&B GRONDWERKEN Geetbets€192,572€157,597
VDP SERVICE Westerlo€185,404€158,298
Rainbird Watering Zonhoven€245,756€157,269
ECODECO Elsene€299,361€153,147
VALASTRO SERVICES Grimbergen€248,875€197,836
Thijs Bollen Hechtel-Eksel€256,818€172,759
Full comparison

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