MA Technics
ActiveSummary
MA Technics has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358k and a net result of €8k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-24
Solvency80▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.74 against 2.06 in 2024; short-term debt: 44.9% and cash: 0.5% of total assets), and 44.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
55.1%
Return on assets
1.2%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
16 d early
2023
13 d early
2022
32 d late
2021
31 d late
2020
30 d late
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€358k▲ 2.3%
2024 · €350k
Total assets
€651k▲ 21.4%
2024 · €536k
Net result
€8k▼ 92.8%
2024 · €110k
Working capital
€-75k
2024 · €197k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28k▲ 280%€117k▲ 317%€97k▼ 16.9%€158k▲ 63.0%€12k▼ 92.4%
Net result€19k▲ 247%€82k▲ 323%€69k▼ 15.6%€110k▲ 58.8%€8k▼ 92.8%
Equity€89k▲ 27.9%€171k▲ 92.2%€240k▲ 40.5%€350k▲ 45.8%€358k▲ 2.3%
Total assets€183k▲ 30.7%€334k▲ 82.7%€368k▲ 10.3%€536k▲ 45.5%€651k▲ 21.4%
Debt€94k▲ 33.5%€163k▲ 73.6%€128k▼ 21.4%€185k▲ 44.9%€292k▲ 57.7%
Working capital€73k▲ 46.4%€126k▲ 73.2%€209k▲ 66.0%€197k▼ 6.1%€-75k
Staff (FTE)5.1▲ 21.4%6.6▲ 29.4%6▼ 9.1%5.5▼ 8.3%8.4▲ 52.7%
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 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €651k
Fixed assets
€434k ▲ 182%
Current assets
€217k ▼ 43.2%
Equity and liabilities €651k
Equity
€358k ▲ 2.3%
Debt
€292k ▲ 57.7%
Debt's share of the balance-sheet total rises from 34.6% to 44.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▼
2024 · €184k
Cash flow
€29k▼
2024 · €136k
Current ratio
0.74▼
2024 · 2.06
Debt to equity
0.82▲
2024 · 0.53
ROE
2.2%▼
2024 · 31.4%
ROA
1.2%▼
2024 · 20.5%
Interest coverage
70.27▼
2024 · 1334.42
Debt ≤ 1 year
€292k▲
2024 · €185k
Income taxes
€4k▼
2024 · €48k
Staff costs
€374k▲
2024 · €249k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €223k | €323k | €248k | €249k | €374k | ▲ 50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €18k | €23k | €26k | €21k | ▼ 17.0% |
| Other operating charges640/8 | €6k | €7k | €7k | €21k | €49k | ▲ 134% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €273k | €465k | €377k | €454k | €456k | ▲ 0.5% |
| Operating profit (loss)9901 | €28k | €117k | €97k | €158k | €12k | ▼ 92.4% |
| Financial income75/76B | €28 | €5 | €12 | €1 | €14 | ▲ 2,796% |
| Recurring financial income75 | €28 | €5 | €12 | €1 | €14 | ▲ 2,796% |
| Financial charges65/66B | €192 | €65 | €133 | €138 | €477 | ▲ 246% |
| Recurring financial charges65 | €192 | €65 | €133 | €138 | €477 | ▲ 246% |
| Non-recurring financial charges66B | €192 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €28k | €117k | €97k | €158k | €12k | ▼ 92.7% |
| Income taxes67/77 | €8k | €35k | €28k | €48k | €4k | ▼ 92.3% |
| Profit (loss) for the period9904 | €19k | €82k | €69k | €110k | €8k | ▼ 92.8% |
| Profit (loss) for the period to be appropriated9905 | €19k | €82k | €69k | €110k | €8k | ▼ 92.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183k | €334k | €368k | €536k | €651k | ▲ 21.4% |
| Fixed assets21/28 | €16k | €45k | €31k | €154k | €434k | ▲ 182% |
| Tangible fixed assets22/27 | €15k | €44k | €30k | €153k | €433k | ▲ 183% |
| Land and buildings22 | - | - | - | €120k | €418k | ▲ 249% |
| Plant, machinery and equipment23 | €3k | €14k | €7k | €2k | €0 | ▼ 100% |
| Furniture and vehicles24 | €12k | €30k | €23k | €31k | €15k | ▼ 51.8% |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €167k | €289k | €337k | €382k | €217k | ▼ 43.2% |
| Amounts receivable within one year40/41 | €113k | €233k | €97k | €260k | €214k | ▼ 17.7% |
| Trade receivables40 | €49k | €169k | €5k | €154k | €94k | ▼ 39.0% |
| Other amounts receivable41 | €64k | €64k | €93k | €106k | €120k | ▲ 13.3% |
| Cash at bank and in hand54/58 | €54k | €56k | €240k | €122k | €3k | ▼ 97.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183k | €334k | €368k | €536k | €651k | ▲ 21.4% |
| Equity10/15 | €89k | €171k | €240k | €350k | €358k | ▲ 2.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €21k | €103k | €173k | €283k | €291k | ▲ 2.8% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €19k | €102k | €173k | €283k | €291k | ▲ 2.8% |
| Profit (loss) carried forward14 | €62k | €62k | €62k | €62k | €62k | = |
| Amounts payable17/49 | €94k | €163k | €128k | €185k | €292k | ▲ 57.7% |
| Amounts payable within one year42/48 | €94k | €163k | €128k | €185k | €292k | ▲ 57.7% |
| Trade debts44 | €30k | €67k | €44k | €52k | €106k | ▲ 103% |
| Suppliers440/4 | €30k | €67k | €44k | €52k | €106k | ▲ 103% |
| Taxes, remuneration and social security45 | €61k | €94k | €78k | €125k | €108k | ▼ 13.3% |
| Taxes450/3 | €8k | €43k | €58k | €81k | €57k | ▼ 29.3% |
| Remuneration and social security454/9 | €52k | €51k | €21k | €44k | €51k | ▲ 16.4% |
| Other amounts payable47/48 | €3k | €1k | €6k | €8k | €78k | ▲ 819% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €82k | €69k | €110k | €8k | ▼ 92.8% |
| + Depreciation and write-downs630 | €16k | €18k | €23k | €26k | €21k | ▼ 17.0% |
| Operating cash flow (approximation) | €35k | €100k | €92k | €136k | €29k | ▼ 78.4% |
| Investment in fixed assets (approximation) | - | €-47k | €-9k | €-149k | €-302k | ▼ 103% |
| Change in cash | - | €2k | €184k | €-118k | €-119k | ▼ 1.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €110k ▲58.8%
Operating result €158k, net result €110k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €240k ▲40.5%
6 profitable years in a row build equity to €240k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €150kEq €171k ▲92.2%
5 profitable years in a row build equity to €171k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €6k ▼88.9%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.79
Current ratio from 0.84 to 1.79; short-term debt falls from €58k to €45k.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Sint-Niklaas · 1 establishment unit since 2015
Ground area
1,224 m²
Building footprint
284 m²
Volume, LiDAR
1,462 m³
Parcel 46447B0505/00R004, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MA Technics
since 20152.244.413.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46447B0505/00R004 | Flanders | 1,224 m² | 1 · 284 m² | 10.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 835 EUR awarded · 835 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 514 EUR | 514 EUR |
| 2022 | 1 | 321 EUR | 321 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,499 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.