MA-PI
ActiveFor MA-PI, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €23k and a net result of €-102k. Its solvency ranks better than 21% of 18382 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability14▲+4
Solvency27▼-10
Growth32
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
1.7%
Return on assets
-7.5%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline17-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
31 d late
2022
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€23k▼ 81.3%
2022 · €125k
2022: €125k
2022 → 2023
Total assets
€1.36M▲ 26.4%
2022 · €1.07M
2022: €1.07M
2022 → 2023
Net result
€-102k▼ 36.5%
2022 · €-75k
2022: €-75k
2022 → 2023
Working capital
€-77k
2022 · €10k
2022: €10k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€125k-€23k▼ 81.3%
Operating result€-65k-€-80k▼ 22.4%
Net result€-75k-€-102k▼ 36.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €80k in 2023 against €65k in 2022; the loss grows.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.36M
Fixed assets
€1.34M▲ 28.2%
Current assets
€11k▼ 52.7%
Equity and liabilities €1.36M
Equity
€23k▼ 81.3%
Debt
€1.33M▲ 40.7%
The debt ratio rises from 88.3% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12k▲
2022 · €-11k
Cash flow
€-9k▲
2022 · €-20k
Solvency
1.7%▼
2022 · 11.7%
Current ratio
0.13▼
2022 · 1.71
Quick ratio
0.13▼
2022 · 1.71
Debt / equity
56.75▲
2022 · 7.56
ROE
-433.9%▼
2022 · -59.6%
ROA
-7.5%▼
2022 · -7.0%
Interest coverage
0.57▲
2022 · -1.18
Debt
€1.33M▲
2022 · €947k
Debt ≤ 1 year
€89k▲
2022 · €14k
Debt > 1 year
€1.24M▲
2022 · €929k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.07M€1.36M▲
Fixed assets21/28€1.05M€1.34M▲
Tangible fixed assets22/27€1.05M€1.34M▲
Land and buildings22€1.05M€1.34M▲
Financial fixed assets28-€250
Current assets29/58€24k€11k▼
Amounts receivable within one year40/41€4k€3k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€18k-
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.36M▲
Equity10/15€125k€23k▼
Contributions10/11€200k€200k=
Profit (loss) carried forward14€-75k€-177k▼
Amounts payable17/49€947k€1.33M▲
Amounts payable after more than one year17€929k€1.24M▲
Financial debts170/4€754k€961k▲
Other amounts payable178/9€175k€279k▲
Amounts payable within one year42/48€14k€89k▲
Current portion of amounts payable after more than one year42-€60k
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€14k€25k▲
Suppliers440/4€14k€25k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€92k▲
Other operating charges640/8€348€5k▲
Gross operating margin9900€-11k€17k▲
Operating profit (loss)9901€-65k€-80k▼
Financial charges65/66B€9k€22k▲
Recurring financial charges65€9k€22k▲
Profit (loss) for the period before taxes9903€-75k€-102k▼
Profit (loss) for the period9904€-75k€-102k▼
Profit (loss) for the period to be appropriated9905€-75k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-177k▼
Profit (loss) brought forward from the previous period14P-€-75k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Waremme · 1 establishment unit since 2022
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.
Rue Noé Jacques 364300 WaremmeGround area
2,222 m²
Building footprint
204 m²
Volume, LiDAR
1,178 m³
Parcel 64074C1004/00F000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MA-PI
since 20222.336.395.745
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C1004/00F000 | Wallonia | 2,222 m² | 1 · 204 m² | 6.8 m · 2 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 12,014 companies in sector 68203 we hold annual accounts for 5,981. 2,270 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2022
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.