MA & PARTNERS
ActiveThe computed 12-month bankruptcy probability of MA & PARTNERS is 1.8% (moderate). The 2025 annual accounts show equity of €489 and a net result of €7k. Equity is shrinking by ~30.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 18024 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency9▼-30
Growth32=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 0.75 in 2024), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
0.2%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18024 sector peers (2025).
NBB · sector comparisonPosition among 18024 sector peers
Solvency
better than 23%
← weakest
strongest →
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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
19 d early
2022
2 d late
2021
73 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€489
2024 · €-7k
2021: €21k
2022: €18k
2023: €24k
2024: €-7k
2021 → 2025
Total assets
€268k▲ 58.1%
2024 · €170k
2021: €56k
2022: €40k
2023: €61k
2024: €170k
2021 → 2025
Net result
€7k
2024 · €-31k
2021: €27k
2022: €-3k
2023: €6k
2024: €-31k
2021 → 2025
Working capital
€-29k▲ 35.3%
2024 · €-45k
2021: €21k
2022: €18k
2023: €24k
2024: €-45k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€18k▼ 15.5%€24k▲ 34.3%€-7k€489
Operating result€27k-€5k▼ 83.0%€10k▲ 117%€-28k€10k
Net result€27k-€-3k€6k€-31k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10k after a loss of €28k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €268k
Fixed assets
€29k▼ 22.3%
Current assets
€239k▲ 81.2%
Equity and liabilities €268k
Equity
€489
Debt
€268k
Debt finances 99.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€19k▲
2024 · €-23k
Cash flow
€15k▲
2024 · €-26k
Solvency
0.2%▲
2024 · -4.0%
Current ratio
0.89▲
2024 · 0.75
Quick ratio
0.86▲
2024 · 0.72
ROA
2.6%▲
2024 · -18.2%
Interest coverage
5.52▲
2024 · -10.28
Debt
€268k▲
2024 · €177k
Debt ≤ 1 year
€268k▲
2024 · €177k
Staff costs
€47k▼
2024 · €71k
Equity ratios withheld: equity of €489 is too small for a meaningful ratio.
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€170k€268k▲
Fixed assets21/28€38k€29k▼
Tangible fixed assets22/27€38k€29k▼
Furniture and vehicles24€38k€29k▼
Financial fixed assets28€150€150=
Current assets29/58€132k€239k▲
Stocks and contracts in progress3€4k€7k▲
Stocks30/36€4k€7k▲
Amounts receivable within one year40/41€111k€183k▲
Trade receivables40€102k€174k▲
Other amounts receivable41€9k€9k▲
Cash at bank and in hand54/58€16k€49k▲
Deferred charges and accrued income490/1€752-
Equity and liabilities
Total equity and liabilities10/49€170k€268k▲
Equity10/15€-7k€489▲
Contributions10/11€4k€4k=
Profit (loss) carried forward14€-11k€-4k▲
Amounts payable17/49€177k€268k▲
Amounts payable within one year42/48€177k€268k▲
Trade debts44€138k€200k▲
Suppliers440/4€138k€200k▲
Taxes, remuneration and social security45€29k€17k▼
Taxes450/3€8k€4k▼
Remuneration and social security454/9€20k€13k▼
Other amounts payable47/48€10k€51k▲
Income statement
Code20242025
Remuneration, social security and pensions62€71k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€400-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€10k€431▼
Gross operating margin9900€57k€66k▲
Operating profit (loss)9901€-28k€10k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-30k€7k▲
Income taxes67/77€681-
Profit (loss) for the period9904€-31k€7k▲
Profit (loss) for the period to be appropriated9905€-31k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-4k▲
Profit (loss) brought forward from the previous period14P€20k€-10k▼
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
19-08
State Gazette act
Registered officeBoard meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2026-06-23
- Registered-office move, Chaussée Impériale 30/021 à 6060 Gilly
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-31k ▼603%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2020
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.
Chaussée Impériale 306060 CharleroiGround area
1,278 m²
Building footprint
356 m²
Volume, LiDAR
1,034 m³
2 parcels, Wallonia · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MA & PARTNERS
since 20202.306.604.174
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52502B0633/00F014 | Wallonia | 1,130 m² | 1 · 272 m² | - |
| 52026D0497/00S000 | Wallonia | 149 m² | 1 · 83 m² | 14.5 m · 4 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
Food safety, FASFC
1 siteChâtelet2.306.604.174
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Of 3,024 companies in sector 47221 we hold annual accounts for 1,549. 62 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2020
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.