ma5
ActiveSummary
ma5 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €51k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+4
Solvency46▼-54
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 16.33 in 2024; short-term debt: 71.2% and cash: 37.7% of total assets), and 79.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
20.7%
Return on assets
17.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
7 d early
2023
23 d early
2022
48 d early
2021
14 d early
2020
2 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 83.1%
2024 · €366k
Total assets
€298k▼ 23.4%
2024 · €389k
Net result
€51k▼ 5.8%
2024 · €54k
Working capital
€82k▼ 77.2%
2024 · €360k
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€50k▲ 18.0%€114k▲ 128%€31k▼ 72.9%€67k▲ 117%€37k▼ 44.2%
Net result€40k▲ 20.3%€84k▲ 113%€29k▼ 65.2%€54k▲ 85.2%€51k▼ 5.8%
Equity€282k▲ 16.4%€282k▲ 0.1%€311k▲ 10.4%€366k▲ 17.4%€62k▼ 83.1%
Total assets€297k▲ 17.6%€383k▲ 28.9%€329k▼ 14.3%€389k▲ 18.5%€298k▼ 23.4%
Debt€16k▲ 45.1%€101k▲ 541%€17k▼ 82.9%€24k▲ 38.2%€237k▲ 891%
Working capital€279k▲ 16.1%€278k▼ 0.5%€308k▲ 11.0%€360k▲ 16.8%€82k▼ 77.2%
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 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298k
Fixed assets
€4k ▼ 37.2%
Current assets
€295k ▼ 23.2%
Equity and liabilities €298k
Equity
€62k ▼ 83.1%
Debt
€237k ▲ 891%
Debt's share of the balance-sheet total rises from 6.1% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38k▼
2024 · €68k
Cash flow
€52k▼
2024 · €56k
Current ratio
1.39▼
2024 · 16.33
Debt to equity
3.83▲
2024 · 0.07
ROE
82.8%▲
2024 · 14.9%
ROA
17.2%▲
2024 · 13.9%
Interest coverage
24.36▼
2024 · 44.91
Debt ≤ 1 year
€213k▲
2024 · €23k
Income taxes
€13k▼
2024 · €14k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €1k | €861 | ▼ 31.4% |
| Other operating charges640/8 | - | €1k | €457 | €542 | €747 | ▲ 37.7% |
| Gross operating margin9900 | €52k | €117k | €33k | €69k | €39k | ▼ 43.3% |
| Operating profit (loss)9901 | €50k | €114k | €31k | €67k | €37k | ▼ 44.2% |
| Financial income75/76B | - | €863 | €1k | €3k | €28k | ▲ 805% |
| Recurring financial income75 | €513 | €863 | €1k | €3k | €28k | ▲ 805% |
| Financial charges65/66B | - | €7k | €-4k | €2k | €2k | ▲ 3.3% |
| Recurring financial charges65 | €1k | €7k | €-4k | €2k | €2k | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €49k | €108k | €36k | €69k | €64k | ▼ 7.1% |
| Income taxes67/77 | €10k | €24k | €7k | €14k | €13k | ▼ 11.9% |
| Profit (loss) for the period9904 | €40k | €84k | €29k | €54k | €51k | ▼ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €40k | €84k | €29k | €54k | €51k | ▼ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €297k | €383k | €329k | €389k | €298k | ▼ 23.4% |
| Fixed assets21/28 | €3k | €5k | €3k | €6k | €4k | ▼ 37.2% |
| Intangible fixed assets21 | €581 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2k | €5k | €3k | €6k | €4k | ▼ 37.2% |
| Furniture and vehicles24 | - | €5k | €3k | €6k | €4k | ▼ 37.2% |
| Current assets29/58 | €295k | €379k | €325k | €384k | €295k | ▼ 23.2% |
| Amounts receivable within one year40/41 | €22k | €40k | €35k | €55k | €46k | ▼ 15.4% |
| Trade receivables40 | - | €36k | €33k | €54k | €39k | ▼ 28.7% |
| Other amounts receivable41 | - | €4k | €2k | €50 | €7k | ▲ 14,383% |
| Current investments50/53 | €68k | €111k | €203k | €218k | €131k | ▼ 40.0% |
| Cash at bank and in hand54/58 | €204k | €227k | €85k | €108k | €113k | ▲ 3.8% |
| Deferred charges and accrued income490/1 | - | €24 | €2k | €3k | €5k | ▲ 99.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €297k | €383k | €329k | €389k | €298k | ▼ 23.4% |
| Equity10/15 | €282k | €282k | €311k | €366k | €62k | ▼ 83.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €263k | €263k | €293k | €347k | €43k | ▼ 87.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Other1319 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €262k | €291k | €347k | €43k | ▼ 87.6% |
| Amounts payable17/49 | €16k | €101k | €17k | €24k | €237k | ▲ 891% |
| Amounts payable within one year42/48 | €15k | €101k | €17k | €23k | €213k | ▲ 805% |
| Trade debts44 | €3k | €4k | €6k | €9k | €11k | ▲ 14.3% |
| Suppliers440/4 | - | €4k | €6k | €9k | €11k | ▲ 14.3% |
| Taxes, remuneration and social security45 | - | €6k | €3k | €7k | €6k | ▼ 19.7% |
| Taxes450/3 | - | €6k | €3k | €7k | €6k | ▼ 19.7% |
| Other amounts payable47/48 | - | €91k | €7k | €7k | €196k | ▲ 2,766% |
| Accrued charges and deferred income492/3 | - | €553 | €456 | €387 | €24k | ▲ 6,115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €84k | €29k | €54k | €51k | ▼ 5.8% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €1k | €861 | ▼ 31.4% |
| Operating cash flow (approximation) | €41k | €86k | €31k | €56k | €52k | ▼ 6.3% |
| Investment in fixed assets (approximation) | - | €-3k | €-277 | €-4k | €1k | ▲ 134% |
| Change in cash | - | €23k | €-142k | €23k | €4k | ▼ 82.2% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €29k ▼65.2%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 5current ratio 19.33
Current ratio from 3.76 to 19.33; short-term debt falls from €101k to €17k.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €84k ▲113%
Operating result €114k, net result €84k, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Edegem · 1 establishment unit since 2014
Ground area
408 m²
Building footprint
88 m²
Volume, LiDAR
581 m³
Parcel 11013A0074/00S012, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Adrien de Gerlachestraat 2, 2650 Edegem
since 20142.233.123.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0074/00S012 | Flanders | 408 m² | 1 · 88 m² | 10.8 m · 2 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.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 7,052 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
Founded25-07-2014
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
73200Market research and public opinion polling
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.