MA SERVICE
ActiveThe computed 12-month bankruptcy probability of MA SERVICE is 3.3% (moderate). The annual accounts of MA SERVICE for fiscal 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 €5k and a net result of €-12k. Its solvency ranks better than 29% of 27451 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency53▼-20
Growth32
Track record82
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; 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 short (current ratio 0.6 against 1.13 in 2024; short-term debt: 72.1% and cash: 16.9% of total assets), and 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
27.9%
Return on assets
-59%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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
27 d late
2024
166 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 66.5%
2024 · €16k
2024: €16k
2024 → 2025
Total assets
€20k▼ 41.9%
2024 · €34k
2024: €34k
2024 → 2025
Net result
€-12k
2024 · €14k
2024: €14k
2024 → 2025
Working capital
€-6k
2024 · €2k
2024: €2k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€16k-€5k▼ 66.5%
Operating result€14k-€-11k
Net result€14k-€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€11k▼ 21.4%
Current assets
€8k▼ 56.6%
Equity and liabilities €20k
Equity
€5k▼ 66.5%
Debt
€14k▼ 18.9%
The debt ratio rises from 51.6% to 72.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €15k
Cash flow
€-9k▼
2024 · €15k
Solvency
27.9%▼
2024 · 48.4%
Current ratio
0.60▼
2024 · 1.13
Quick ratio
0.60▼
2024 · 1.13
Debt / equity
2.58▲
2024 · 1.07
ROE
-211.4%▼
2024 · 87.7%
ROA
-59.0%▼
2024 · 42.4%
Interest coverage
-55.78▼
2024 · 38083.35
Debt
€14k▼
2024 · €17k
Debt ≤ 1 year
€14k▼
2024 · €17k
Staff costs
€21k▲
2024 · €18k
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€34k€20k▼
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Furniture and vehicles24€14k€11k▼
Current assets29/58€20k€8k▼
Amounts receivable within one year40/41€12k€5k▼
Trade receivables40€9k€3k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€8k€3k▼
Equity and liabilities
Total equity and liabilities10/49€34k€20k▼
Equity10/15€16k€5k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€14k€3k▼
Amounts payable17/49€17k€14k▼
Amounts payable within one year42/48€17k€14k▼
Trade debts44€3k€960▼
Suppliers440/4€3k€960▼
Advances received on contracts in progress46€2k€7k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€2k€1k▼
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€18k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€993€3k▲
Other operating charges640/8-€390
Gross operating margin9900€34k€13k▼
Operating profit (loss)9901€14k€-11k▼
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€0€150▲
Recurring financial charges65€0€150▲
Profit (loss) for the period before taxes9903€14k€-12k▼
Profit (loss) for the period9904€14k€-12k▼
Profit (loss) for the period to be appropriated9905€14k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€3k▼
Profit (loss) brought forward from the previous period14P-€15k
The notes to these accounts (5 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 166 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, Zaventem · 1 establishment unit since 2023
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.
Lozenberg 171932 ZaventemGround area
2,683 m²
Building footprint
669 m²
Volume, LiDAR
10,095 m³
Parcel 23078A0372/00D000, Flanders · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MA SERVICE
since 20232.353.019.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0372/00D000 | Flanders | 2,683 m² | 1 · 669 m² | 20.0 m · 5 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.
Similar companies · same sector, comparable size
Q-Fire
BE 0778.493.294
Tielt · Eq €5k
CBX Entreprise
BE 0759.945.609
Walhain · Eq €5k
KSA WARMLIFE
BE 1012.322.979
Wezembeek-Oppem · Eq €5k
LESLIE VERLEE
BE 0838.938.647
Lokeren · Eq €5k
FRESH TIME
BE 0777.440.251
Kraainem · Eq €6k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 1,711 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-2023
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
33140Repair and maintenance of electrical equipment
43211General electrical installation work
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
45204
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.