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MA SERVICE

Active
Private limited companyfounded 2023active for 2 yearsLozenberg 17, 1932 Zaventem, BelgiumKBO/BCE: BE 1002.865.479

From the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MA SERVICE is 2.1% (moderate). The annual accounts of MA SERVICE for financial year 2025 show a net loss of 59% of total assets and of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €5,446 and a net result of -€11,513. Its solvency ranks better than 29% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 30-11-2023 Normal situation
Registered office
42 active companies are registered at this address 5 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 6 others
Establishment unit
2.353.019.268 1932 Zaventem, since 30-11-2023
Financial year end
31 December
Peppol
Reachable since 20-01-2026

Board and ownership

Board

Financial position

51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.1%
Annual accounts 2025
Gross margin
€13,404
▼ 60.1%
Turnover
≈ €170,000
estimated
Loss
€11,513
Equity
€5,446
▼ 66.5%
Total assets
€19,503
▼ 41.9%
Staff
≈ 0.6 FTE
estimated
Filed on 27-08-2026, 27 days after the deadlineat the National Bank
Score breakdownraises riskFounded in 2023Last filed accounts filed 27 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 0.60, cash €3,293, halvedSize: total assets €19,503Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 15% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 53-20
equity 27.9% of total assets
Liquidity 32-21
short-term debt 72.1% · cash 16.9%
Profitability 0-100
return on assets -59.0%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 1.9%lowest value 01-2025: 1.9%● unchanged vs 12-2024lowest value 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 2.3%▲ +0.4 percentage points vs 02-2025 04-2025: 2.4%▲ +0.1 percentage points vs 03-2025 05-2025: 2.7%▲ +0.3 percentage points vs 04-2025 06-2025: 2.7%● unchanged vs 05-2025 07-2025: 3.0%▲ +0.3 percentage points vs 06-2025 08-2025: 3.0%● unchanged vs 07-2025 09-2025: 2.9%▼ -0.1 percentage points vs 08-2025 10-2025: 3.0%▲ +0.1 percentage points vs 09-2025 11-2025: 3.3%▲ +0.3 percentage points vs 10-2025 12-2025: 3.3%● unchanged vs 11-2025 01-2026: 3.3%● unchanged vs 12-2025 02-2026: 3.7%▲ +0.4 percentage points vs 01-2026 03-2026: 3.8%▲ +0.1 percentage points vs 02-2026 04-2026: 3.8%● unchanged vs 03-2026 05-2026: 3.8%● unchanged vs 04-2026 06-2026: 3.7%▼ -0.1 percentage points vs 05-2026 07-2026: 3.6%▼ -0.1 percentage points vs 06-2026 08-2026: 4.7%▲ +1.1 percentage points vs 07-2026highest value 09-2026: 2.1%▼ -2.6 percentage points vs 08-2026 10-2026: 2.1%● unchanged vs 09-2026
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.6 (1.13 in 2024), below 1. Short-term debt is 72.1% and cash 16.9% of total assets. 72.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 29% of them on solvency, 21% on liquidity, 4% on profitability and 6% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 0.60, cash €3,293, halved
NBB · annual accounts
raises risk · Last filed accounts filed 27 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €19,503
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
27 days late
2024
166 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 97 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Key points

  • Caution: Lower net result than 89% of companies in specialised constructionsector median €10,227 · 34,889 companies -€11,513 View

Comparable companies

These companies have the same main activity as MA SERVICE: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €18,500 and €23,100, founded between 2023 and 2024.

CompanyTotal assetsGross margin
MA SERVICE Zaventem€19,503€13,404
B.H.M. SERVICES Grimbergen€21,021€13,634
CALLAERT JORDAN Tremelo€18,478€12,313
AC Koeling Genk€21,092€15,138
CM RENOVEX Le Roeulx€21,363€14,343
ECOSOLS ET CHAPES Waremme€19,678€14,042
ECO FLOW SOLUTIONS Geraardsbergen€23,086€12,127
Full comparison

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about MA SERVICE

What is the company number of MA SERVICE?
The company number of MA SERVICE is 1002.865.479. The VAT number is the same number with BE in front: BE 1002.865.479.
Where is MA SERVICE based?
The registered office is at Lozenberg 17, 1932 Zaventem.Company details
What does MA SERVICE do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of MA SERVICE?
The legal form of MA SERVICE is Private limited company (BV).
When was MA SERVICE founded?
MA SERVICE was founded on 30-11-2023.
Is MA SERVICE still active?
Yes, MA SERVICE is an active enterprise in the KBO register.
What is the turnover of MA SERVICE?
The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €13,404 and 33 comparable companies (NACE 43222). It probably lies between €98,000 and €240,000. It is a rough estimate.Financials
Is MA SERVICE profitable?
In financial year 2025, MA SERVICE made a loss of €11,513.
Where can I find the annual accounts of MA SERVICE?
MA SERVICE filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MA SERVICE due?
MA SERVICE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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