Financials
- Fiscal year
- 2025
- Total assets
- €50,571
- Loss
- -€8,429
- Solvency
- -12.7%
MA Drive
ActiveSummary
The computed 12-month bankruptcy probability of MA Drive is 6.2% (elevated). The 2025 annual accounts show negative equity (-€6,429) and a net result of -€8,429. Its solvency ranks better than 8% of 2157 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Scheduled passenger transport by road
NACE 49310
1 site
Size
€50,571total assets 2025
- Equity
- -€6,429
- Loss
- -€8,429
Turnover not published (abridged schema)
Structure
Accounts filed 31 d late0 of 2 deeds read
Why 33- Sector Land transport and transport via pipelines (NACE 49)- 1 change of registered office in 24 months- Negative equity -€6,429- Latest accounts 31 days late; 1 of the last 3 lateShow the evidence
Checked score
Score 2025
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 12% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Financial strength
Weak
Solvency
12
equity -12.7% of total assets
Liquidity
22
short-term debt 112.7% · cash 18.0%
Profitability
0
return on assets -16.7%
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2026: 6.4%highest value
09-2026: 6.1%▼ -4.9% vs 08-2026lowest value
10-2026: 6.2%▲ +0.8% vs 09-2026
- Sector Land transport and transport via pipelines (NACE 49) raises the probability
- 1 change of registered office in 24 months raises the probability
- Negative equity -€6,429 raises the probability
- Latest accounts 31 days late; 1 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.24; short-term debt: 112.7% and cash: 18% of total assets), and equity is negative.
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 49, micro). Better than this share of them on solvency 11%, liquidity 19%, profitability 6%. 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
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · abbreviated…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2026
- 31-08-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Scheduled passenger transport by roadNACE 49310
- Founded
- 25-07-2025
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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