Ma-Li
ActiveMa-Li has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €29k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 1505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80=
Solvency59▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.94 in 2024; short-term debt: 20.1% and cash: 5.7% of total assets), and 66% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34%
Return on assets
8.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
26 d early
2022
6 d early
2021
4 d late
2020
33 d early
2019
127 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€110k=
2024 · €110k
2018: €52k
2019: €50k
2020: €47k
2021: €72k
2022: €97k
2023: €110k
2024: €110k
2018 → 2025
Total assets
€323k▼ 7.3%
2024 · €349k
2018: €135k
2019: €134k
2020: €365k
2021: €349k
2022: €401k
2023: €356k
2024: €349k
2018 → 2025
Net result
€29k▼ 11.9%
2024 · €32k
2018: €36k
2019: €33k
2020: €-3k
2021: €28k
2022: €49k
2023: €39k
2024: €32k
2018 → 2025
Working capital
€-4k▼ 8.4%
2024 · €-4k
2018: €34k
2019: €28k
2020: €-39k
2021: €-21k
2022: €-12k
2023: €623
2024: €-4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€97k▲ 34.6%€110k▲ 12.9%€110k=€110k=
Operating result€46k-€83k▲ 81.7%€61k▼ 27.3%€46k▼ 23.3%€37k▼ 20.5%
Net result€28k-€49k▲ 72.4%€39k▼ 20.5%€32k▼ 16.5%€29k▼ 11.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 20% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323k
Fixed assets
€262k▼ 7.4%
Current assets
€61k▼ 6.7%
Equity and liabilities €323k
Equity
€110k=
Debt
€213k▼ 10.7%
The debt ratio falls from 68.5% to 66.0%. Debt is lower.
Key figures and ratios
EBITDA
€58k▼
2024 · €68k
Cash flow
€50k▼
2024 · €54k
Solvency
34.0%▲
2024 · 31.5%
Current ratio
0.93▼
2024 · 0.94
Quick ratio
0.93▼
2024 · 0.94
Debt / equity
1.94▼
2024 · 2.18
ROE
26.0%▼
2024 · 29.5%
ROA
8.8%▼
2024 · 9.3%
Interest coverage
17.84▼
2024 · 18.47
Debt
€213k▼
2024 · €239k
Debt ≤ 1 year
€65k▼
2024 · €69k
Debt > 1 year
€148k▼
2024 · €170k
Income taxes
€5k▼
2024 · €11k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€349k€323k▼
Fixed assets21/28€284k€262k▼
Tangible fixed assets22/27€284k€262k▼
Land and buildings22€208k€202k▼
Furniture and vehicles24€31k€19k▼
Other tangible fixed assets26€45k€41k▼
Current assets29/58€65k€61k▼
Amounts receivable within one year40/41€53k€40k▼
Trade receivables40€51k€35k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€12k€19k▲
Deferred charges and accrued income490/1€123€2k▲
Equity and liabilities
Total equity and liabilities10/49€349k€323k▼
Equity10/15€110k€110k=
Contributions10/11€19k€19k=
Reserves13€91k€91k=
Distributable reserves133€91k€91k=
Amounts payable17/49€239k€213k▼
Amounts payable after more than one year17€170k€148k▼
Financial debts170/4€170k€148k▼
Amounts payable within one year42/48€69k€65k▼
Current portion of amounts payable after more than one year42€21k€21k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Other amounts payable47/48€37k€33k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€72k€61k▼
Operating profit (loss)9901€46k€37k▼
Financial income75/76B€526€81▼
Recurring financial income75€526€81▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€43k€34k▼
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€32k€29k▼
Profit (loss) for the period to be appropriated9905€32k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€29k▼
Profit to be distributed694/7€32k€29k▼
Return on contributions (dividend)694€32k€29k▼
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €110k ▲12.9%
3 profitable years in a row build equity to €110k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €49k ▲72.4%
Operating result €83k, net result €49k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-3k ▼108%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Vilvoorde · 1 establishment unit since 2015
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.
Groenstraat 2391800 VilvoordeGround area
2,119 m²
Building footprint
223 m²
Volume, LiDAR
1,475 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ma-Li
since 20152.242.993.158
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23066B0244/00L000 | Flanders | 1,733 m² | 1 · 124 m² | 7.9 m · 2 fl. |
| 23643G0437/00A002 | Flanders | 386 m² | 1 · 99 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Legal Entity Identifier
984500FCE5983A505X31
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XAGNIX
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Of 2,572 companies in sector 59113 we hold annual accounts for 703. 563 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded04-05-2015
Fiscal year end31-12
Activities, NACEBEL
59113Video and film production, excluding cinema and television films
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.