MA-pneumo
ActiveThe computed 12-month bankruptcy probability of MA-pneumo is 2.8% (moderate). The 2025 annual accounts show equity of €3k and a net result of €105k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency27▼-73
Growth78=
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
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 · 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
1.5%
Return on assets
52.8%
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 27-04-2026, 95 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
95 d early
2024
119 d early
2023
119 d early
2022
77 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 97.7%
2024 · €129k
2022: €740
2023: €64k
2024: €129k
2022 → 2025
Total assets
€198k▲ 28.8%
2024 · €154k
2022: €1k
2023: €87k
2024: €154k
2022 → 2025
Net result
€105k▼ 14.0%
2024 · €122k
2022: €-2k
2023: €64k
2024: €122k
2022 → 2025
Working capital
€2k▼ 98.6%
2024 · €127k
2022: €71
2023: €65k
2024: €127k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€740-€64k▲ 8,608%€129k▲ 100%€3k▼ 97.7%
Operating result€-2k-€80k€157k▲ 95.9%€134k▼ 14.5%
Net result€-2k-€64k€122k▲ 90.8%€105k▼ 14.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€3k▼ 30.0%
Current assets
€195k▲ 30.5%
Equity and liabilities €198k
Equity
€3k▼ 97.7%
Debt
€195k▲ 692%
The debt ratio rises from 16.0% to 98.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€135k▼
2024 · €158k
Cash flow
€106k▼
2024 · €123k
Solvency
1.5%▼
2024 · 84.0%
Current ratio
1.01▼
2024 · 6.61
Quick ratio
1.01▼
2024 · 6.61
Debt / equity
65.00▲
2024 · 0.19
ROA
52.8%▼
2024 · 79.1%
Interest coverage
1797.62▼
2024 · 3507.47
Debt
€195k▲
2024 · €25k
Debt ≤ 1 year
€193k▲
2024 · €23k
Income taxes
€29k▼
2024 · €35k
A ratio outside any meaningful range has been withheld (balance sheet total €198k, equity €3k).
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€154k€198k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€763€525▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€150k€195k▲
Amounts receivable within one year40/41-€557
Other amounts receivable41-€557
Current investments50/53€65k€65k=
Cash at bank and in hand54/58€18k€57k▲
Deferred charges and accrued income490/1€67k€73k▲
Equity and liabilities
Total equity and liabilities10/49€154k€198k▲
Equity10/15€129k€3k▼
Contributions10/11€3k€3k=
Reserves13€126k-
Distributable reserves133€126k-
Amounts payable17/49€25k€195k▲
Amounts payable within one year42/48€23k€193k▲
Trade debts44€812€383▼
Suppliers440/4€812€383▼
Taxes, remuneration and social security45€22k€2k▼
Taxes450/3€19k-
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€267€190k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€973€1k▲
Gross operating margin9900€158k€135k▼
Operating profit (loss)9901€157k€134k▼
Financial charges65/66B€45€75▲
Recurring financial charges65€45€75▲
Profit (loss) for the period before taxes9903€157k€134k▼
Income taxes67/77€35k€29k▼
Profit (loss) for the period9904€122k€105k▼
Profit (loss) for the period to be appropriated9905€122k€105k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€105k▼
Transfer from equity791/2€57k€126k▲
Transfer to equity691/2€122k-
To other reserves6921€122k-
Profit to be distributed694/7€57k€231k▲
Return on contributions (dividend)694-€231k
Directors or managers695€57k-
The notes to these accounts (4 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €122k ▲90.8%
Operating result €157k, net result €122k, both a record.
31-12
Financial
Equity above €100kEq €129k ▲100%
2 profitable years in a row build equity to €129k.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €64k
Net result €64k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.27
Current ratio from 1.20 to 4.27.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Thimister-Clermont · 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.
Lohirville 364890 Thimister-ClermontGround area
4,225 m²
Building footprint
435 m²
Volume, LiDAR
4,428 m³
2 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MA-pneumo
since 20222.333.853.058
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63003B0637/00R000 | Wallonia | 3,642 m² | 1 · 319 m² | 14.3 m · 4 fl. |
| 63017B0629/00G000 | Wallonia | 583 m² | 1 · 116 m² | 7.9 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-07-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.