MA&CO
ActiveThe computed 12-month bankruptcy probability of MA&CO is 3.7% (moderate). The 2024 annual accounts show equity of €124k and a net result of €72k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+11
Solvency76▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 2.03 against 2.19 in 2023; short-term debt: 49.2% and cash: 18.6% of total assets), and 49.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-11-2025, 102 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
102 d late
2023
30 d late
2022
25 d early
2021
30 d late
2020
28 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€124k▲ 11.7%
2023 · €111k
2019: €20k
2020: €38k
2021: €80k
2022: €105k
2023: €111k
2019 → 2024
Total assets
€245k▲ 19.5%
2023 · €205k
2019: €52k
2020: €102k
2021: €145k
2022: €170k
2023: €205k
2019 → 2024
Net result
€72k▲ 113%
2023 · €34k
2019: €29k
2020: €48k
2021: €72k
2022: €45k
2023: €34k
2019 → 2024
Working capital
€124k▲ 12.0%
2023 · €111k
2019: €20k
2020: €27k
2021: €71k
2022: €102k
2023: €111k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€38k-€80k▲ 109%€105k▲ 31.5%€111k▲ 5.7%€124k▲ 11.7%
Operating result€54k-€86k▲ 58.5%€53k▼ 38.4%€42k▼ 20.2%€88k▲ 107%
Net result€48k-€72k▲ 48.5%€45k▼ 37.0%€34k▼ 25.7%€72k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 107% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €245k
Fixed assets
€210▼ 57.8%
Current assets
€245k▲ 19.7%
Equity and liabilities €245k
Equity
€124k▲ 11.7%
Debt
€120k▲ 28.9%
The debt ratio rises from 45.6% to 49.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€88k▲
2023 · €43k
Cash flow
€72k▲
2023 · €34k
Solvency
50.8%▼
2023 · 54.4%
Current ratio
2.03▼
2023 · 2.19
Quick ratio
2.03▼
2023 · 2.19
Debt / equity
0.97▲
2023 · 0.84
ROE
57.5%▲
2023 · 30.2%
ROA
29.2%▲
2023 · 16.4%
Interest coverage
38.38▲
2023 · 22.30
Debt
€120k▲
2023 · €93k
Debt ≤ 1 year
€120k▲
2023 · €93k
Income taxes
€21k▲
2023 · €12k
Staff costs
€115k▲
2023 · €99k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€205k€245k▲
Fixed assets21/28€498€210▼
Tangible fixed assets22/27€288-
Furniture and vehicles24€288-
Financial fixed assets28€210€210=
Current assets29/58€204k€245k▲
Amounts receivable within one year40/41€155k€199k▲
Trade receivables40€46k€72k▲
Other amounts receivable41€109k€127k▲
Cash at bank and in hand54/58€49k€46k▼
Deferred charges and accrued income490/1€688-
Equity and liabilities
Total equity and liabilities10/49€205k€245k▲
Equity10/15€111k€124k▲
Contributions10/11€19k€19k=
Reserves13€10k-
Distributable reserves133€10k-
Profit (loss) carried forward14€83k€106k▲
Amounts payable17/49€93k€120k▲
Amounts payable within one year42/48€93k€120k▲
Current portion of amounts payable after more than one year42-€18k
Trade debts44€9k€315▼
Suppliers440/4€9k€315▼
Taxes, remuneration and social security45€45k€44k▼
Taxes450/3€33k€31k▼
Remuneration and social security454/9€11k€13k▲
Other amounts payable47/48€40k€59k▲
Income statement
Code20232024
Non-recurring operating income76A€8k€11k▲
Remuneration, social security and pensions62€99k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€575€288▼
Other operating charges640/8€384€387▲
Gross operating margin9900€142k€204k▲
Operating profit (loss)9901€42k€88k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€45k€92k▲
Income taxes67/77€12k€21k▲
Profit (loss) for the period9904€34k€72k▲
Profit (loss) for the period to be appropriated9905€34k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€123k€154k▲
Profit (loss) brought forward from the previous period14P€89k€83k▼
Transfer from equity791/2-€10k
Profit to be distributed694/7€40k€59k▲
Return on contributions (dividend)694€20k€34k▲
Directors or managers695€20k€25k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €105k ▲31.5%
4 profitable years in a row build equity to €105k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2019net €72k ▲48.5%
Net result €72k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Helmetsesteenweg 1761030 SchaarbeekGround area
1,051 m²
Building footprint
328 m²
Volume, LiDAR
3,249 m³
Parcel 21902A0314/00W004, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MA&CO
since 20192.284.148.179
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0314/00W004 | Brussels | 1,051 m² | 1 · 327 m² | 16.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TST BAT
BE 0876.996.695
Evere · Eq €125k
TERRASSEMENTS DANIEL DUMONT
BE 0886.199.027
Walcourt · Eq €125k
Demoor Koen
BE 0719.345.664
Gavere · Eq €124k
PBN RENOV
BE 0562.865.363
Villers-le-Bouillet · Eq €125k
TOON WIJNEN
BE 0469.440.210
Pelt · Eq €124k
Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,651 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2019
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:saliaj.florian@hotmail.com