MA DÉVELOPPEMENT
ActiveMA DÉVELOPPEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €8.41M and a net result of €296k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 2793 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 05-11-2025, 97 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
97 d late
2023
92 d late
2022
89 d late
2021
85 d late
2020
61 d late
2019
81 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€8.41M▲ 3.6%
2023 · €8.12M
2019: €7.17M
2020: €9.24M
2021: €9.30M
2022: €10.26M
2023: €8.12M
2019 → 2024
Net result
€296k
2023 · €-2.14M
2019: €929k
2020: €2.07M
2021: €51k
2022: €961k
2023: €-2.14M
2019 → 2024
Total assets
€22.71M▲ 1.3%
2023 · €22.42M
2019: €9.15M
2020: €10.78M
2021: €11.66M
2022: €12.25M
2023: €22.42M
2019 → 2024
Solvency
37.0%▲ 0.8pp
2023 · 36.2%
2019: 78.4%
2020: 85.8%
2021: 79.7%
2022: 83.7%
2023: 36.2%
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9.24M-€9.30M▲ 0.5%€10.26M▲ 10.3%€8.12M▼ 20.9%€8.41M▲ 3.6%
Operating result€25k-€-18k€-147k▼ 735%€-112k▲ 24.1%€-71k▲ 36.5%
Net result€2.07M-€51k▼ 97.5%€961k▲ 1,791%€-2.14M€296k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €71k in 2024 against €112k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22.71M
Fixed assets
€20.30M▲ 0.1%
Current assets
€2.42M▲ 12.7%
Equity and liabilities €22.71M
Equity
€8.41M▲ 3.6%
Debt
€14.30M=
The debt ratio falls from 63.8% to 63.0%: equity grows faster than debt.
Key figures and ratios
Solvency
37.0%▲
2023 · 36.2%
ROE
3.5%▲
2023 · -26.4%
ROA
1.3%▲
2023 · -9.5%
Debt
€14.30M=
2023 · €14.30M
Debt ≤ 1 year
€14.30M=
2023 · €14.30M
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€22.42M€22.71M▲
Fixed assets21/28€20.27M€20.30M▲
Financial fixed assets28€20.27M€20.30M▲
Current assets29/58€2.15M€2.42M▲
Amounts receivable after more than one year29€1.29M€1.31M▲
Other amounts receivable291€1.29M€1.31M▲
Amounts receivable within one year40/41€824k€1.03M▲
Trade receivables40€745k€745k=
Other amounts receivable41€79k€288k▲
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€32k€65k▲
Equity and liabilities
Total equity and liabilities10/49€22.42M€22.71M▲
Equity10/15€8.12M€8.41M▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€8.09M€8.39M▲
Amounts payable17/49€14.30M€14.30M=
Amounts payable within one year42/48€14.30M€14.30M=
Trade debts44€248€248=
Suppliers440/4€248€248=
Advances received on contracts in progress46€1.50M€1.50M=
Other amounts payable47/48€12.80M€12.80M=
Income statement
Code20232024
Other operating charges640/8€2k€939▼
Gross operating margin9900€-110k€-70k▲
Operating profit (loss)9901€-112k€-71k▲
Financial income75/76B€1.48M€383k▼
Recurring financial income75€1.48M€383k▼
Financial charges65/66B€3.51M€16k▼
Recurring financial charges65€1k€16k▲
Non-recurring financial charges66B€3.51M-
Profit (loss) for the period before taxes9903€-2.14M€296k▲
Income taxes67/77€41-
Profit (loss) for the period9904€-2.14M€296k▲
Profit (loss) for the period to be appropriated9905€-2.14M€296k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.09M€8.39M▲
Profit (loss) brought forward from the previous period14P€10.23M€8.09M▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 97 days late
2024
31-12
Financial
Back to profitnet €296k
Net result €296k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €-2.14M ▼323%
Net result drops to €-2.14M, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 89 days late
2022
31-12
Financial
Equity above €10MEq €10.26M ▲10.3%
4 profitable years in a row build equity to €10.26M.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 85 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Highest result since 2019net €2.07M ▲123%
Operating result €25k, net result €2.07M, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.49
Current ratio from 1.93 to 4.49; short-term debt falls from €747k to €685k.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 81 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 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.
Louizalaan 541050 BrusselGround area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
MA DÉVELOPPEMENT
since 20192.288.046.391
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 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.
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Of 24,637 companies in sector 64210 we hold annual accounts for 19,690. 6,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.