Financials
- Fiscal year
- 2024
- Total assets
- €689,984
- Profit
- €21,615
- Solvency
- 8.5%
Total assets▲ 320%
Net result
20182024
MA PLACO
ActiveSummary
The computed 12-month bankruptcy probability of MA PLACO is 19.6% (high). The 2024 annual accounts show equity of €58,485 and a net result of €21,615. Equity is growing by ~46% per year across the filed fiscal years. Its solvency ranks better than 13% of 36365 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Insulation installation
NACE 43230NACE 43291
1 site
Size
€689,984total assets 2024
- Equity
- €58,485
- Profit
- €21,615
Turnover not published (abridged schema)
Structure
Accounts 63 d overdue1 of 4 deeds read
Why 14- 1 change of registered office in 24 months- Figures for FY 2024 (filed 03-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 late- Ex-officio strike-off in the KBOShow the evidence
Checked score
Score 2024
14
/ 100
Critical
Probability in this band: over 15.0%
Better than 30% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
33-14
equity 8.5% of total assets
Liquidity
0-36
short-term debt 91.5% · cash 0.1%
Profitability
45-5
return on assets 3.1%
Bankruptcy probability, 12 months
19.6%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 5 comparable companies go bankrupt within 12 months (an estimate).
Last 12 months
11-2025: 4.6%lowest value
12-2025: 7.1%▲ +54.3% vs 11-2025
01-2026: 7.1%● 0.0% vs 12-2025
02-2026: 7.1%● 0.0% vs 01-2026
03-2026: 7.1%● 0.0% vs 02-2026
04-2026: 7.0%▼ -1.8% vs 03-2026
05-2026: 11.4%▲ +62.5% vs 04-2026
06-2026: 11.3%▼ -0.3% vs 05-2026
07-2026: 10.6%▼ -6.6% vs 06-2026
08-2026: 11.4%▲ +8.0% vs 07-2026
09-2026: 13.7%▲ +19.7% vs 08-2026
10-2026: 19.6%▲ +43.5% vs 09-2026highest value
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2024 (filed 03-11-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 late raises the probability
- Ex-officio strike-off in the KBO raises the probability
No credit on open account
Liquidity tight (current ratio 1.09 against 1.29 in 2023; short-term debt: 91.5% and cash: 0.1% of total assets), and 91.5% of the assets are financed with debt.
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 43, micro). Better than this share of them on solvency 13%, liquidity 1%, profitability 22%, growth against the median 85%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 36365 sector peers (2024).
NBB · sector comparisonPosition among 36365 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
61 d late
2022
67 d late
2021
60 d late
2020
107 d late
2018
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 72 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
- Registered officeRegistered-office move
- Address struckKBO administration
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2018
- 16-04-2026Registered office
- 03-11-2025Address struck
- 30-10-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Insulation installationNACE 43230
- Founded
- 11-01-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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