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Checked.be
Complete company report
Generated 28-07-2026
Active BE 0750.813.256Private limited companyOpen bankruptcy

MA Group

· 6 yrs active
Conclusion Checked

A bankruptcy procedure is open for MA Group according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €15k and a net result of €13k.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €15k
Net result €13k
Active 6 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health26Profitability100Solvency86Growth50Stability0
52 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 26
Profitability 100
Solvency 86
Growth 50
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
53 / 100
High risk
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 1 events
Address struck
Health barometer FY 2021 · computed
26 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 14-06-2022 with the NBB · fiscal year 2021 · micro
Fiscal year2021
Revenue-
EBITDA€20k
Net profit€13k
Cash flow€13k
Staff costs-
Income taxes€3k
Dividends-
Total assets€32k
Equity€15k
Debt€18k
of which ≤ 1y€18k
of which > 1y-
Working capital€14k
Employees (FTE)-
Ratios (computed)
2021
Current ratio1.79
Quick ratio1.79
Working capital ratio43.5%
Solvency45.3%
Debt / equity1.21
Long-term debt ratio-
Interest coverage5.25
Gross margin-
Net margin-
ROA39.1%
ROE86.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€32k
Formation expenses 20€584
Current assets 29/58€32k
Amounts receivable within one year 40/41€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€32k
Equity 10/15€15k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€13k
Amounts payable 17/49€18k
Amounts payable within one year 42/48€18k
Trade debts payable within one year 44€14k
Income statement
Gross operating margin 9900€22k
Operating result 9901€20k
Financial charges 65€4k
Result before taxes 9903€16k
Income taxes 67/77€3k
Net result for the period 9904€13k
Result to be appropriated 9905€13k
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator ALEXIA DE CLERCQ
EDGARD GEVAERTDREEF 10, 9830 SINT-MARTENS-LATEM
 13-01-2026 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation17-07-2020
StatusActive
Postal code-
First BS signal 19-01-2026
Latest BS signal 19-01-2026
Company structure, linked entities1 linked entities
MA GroupBE 0750.813.256ALEXIA DE CLERCQReceiver
Mandates
Establishment units 1 location
MA Group
Frans Blocklaan 37, 2620 HemiksemPlaatsen van vloer- en wandtegels
since 20202.305.004.070
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11018B0015/00T000 Flanders 189 m² 1 · 65 m² 8.5 m · 3 fl.
44021A2106/00_000 Flanders 116 m² 1 · 127 m² 11.6 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
19-01-2026
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · MA GROUP BV SLEEP- STRAAT 229, 9000 GENT · event 13-01-2026
2025
12-05-2025
KBO administration Address struck
Sleepstraat 229 9000 Die Sitzadresse Sleepstraat 229 9000 Gent · event 28-04-2025
2024
30-09-2024
State Gazette act Capital & shares
2022
14-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
Lifecycle & Insolvency Signals 2 events
19-01-2026
Bankruptcy Opening
Date: 13-01-2026 · Ondernemingsrechtbank Gent, afdeling Gent · MA GROUP BV SLEEP- STRAAT 229, 9000 GENT · Publications in State Gazette ↗
12-05-2025
KBO administration Address struck
Date: 28-04-2025 · Sleepstraat 229 9000 Die Sitzadresse Sleepstraat 229 9000 Gent · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-05-12 · KBO administration · Address struck2026-01-19 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
Capital history · 1
30-09-2024
Capital change
All acts · 1 updated 1 year ago
2024
30-09-2024 Transaction in capital or shares Capital & shares
Technical details 
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  "events": [],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-09-30",
    "filing_date": null,
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": null,
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-06-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0750.813.256",
    "name_full": "MA Group",
    "legal_form": "B.V.",
    "_kbo_filled_from_list": true,
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Mihaylova Boryana",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Mihaylova Boryana",
      "role": "g\u00E9rant_statutaire",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL MA Group
Registration history
  1. 28-04-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative