MAAAT
ActiveSummary
MAAAT has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.28M and a net result of €1.79M. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 70% of 388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
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Financials · fiscal year 2025, abbreviated schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 78 lines
The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €6.75M | €7.87M | €8.33M | €8.82M | €10.88M | ▲ 23.3% |
| Turnover70 | €3.14M | €3.87M | €3.85M | €4.15M | €3.65M | ▼ 12.2% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €27k | €-2k | €24k | €-10k | €28k | ▲ 372% |
| Own construction capitalised72 | €0 | €0 | - | - | - | - |
| Other operating income74 | €301k | €394k | €471k | €486k | €474k | ▼ 2.4% |
| Non-recurring operating income76A | €57k | €109k | €62k | €46k | €2.48M | ▲ 5,245% |
| Operating charges60/66A | €6.68M | €7.77M | €8.25M | €8.75M | €9.10M | ▲ 4.0% |
| Goods for resale, raw materials and consumables60 | €597k | €1.04M | €971k | €1.05M | €839k | ▼ 19.7% |
| Purchases600/8 | €766k | €1.11M | €1.15M | €854k | €813k | ▼ 4.9% |
| Change in stocks: decrease (increase)609 | €-169k | €-72k | €-177k | €192k | €27k | ▼ 85.9% |
| Services and other goods61 | €872k | €811k | €864k | €1.03M | €963k | ▼ 6.5% |
| Remuneration, social security and pensions62 | €4.85M | €5.31M | €5.76M | €6.20M | €6.44M | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €421k | €463k | €624k | €602k | €507k | ▼ 15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €496 | €-496 | €341 | - | €4k | - |
| Other operating charges640/8 | €15k | €18k | €31k | €30k | €25k | ▼ 17.9% |
| Non-recurring operating charges66A | €3k | €80k | - | - | €323k | - |
| Operating profit (loss)9901 | €73k | €106k | €75k | €68k | €1.78M | ▲ 2,521% |
| Financial income75/76B | €340k | €160k | €146k | €45k | €37k | ▼ 18.1% |
| Recurring financial income75 | €340k | €160k | €146k | €45k | €37k | ▼ 18.1% |
| Income from financial fixed assets750 | €339k | €158k | €117k | - | - | - |
| Income from current assets751 | €307 | - | €18k | €38k | €35k | ▼ 8.3% |
| Other financial income752/9 | €1k | €2k | €11k | €6k | €1k | ▼ 78.5% |
| Financial charges65/66B | €121k | €176k | €-66k | €18k | €17k | ▼ 7.2% |
| Recurring financial charges65 | €120k | €176k | €-66k | €18k | €17k | ▼ 7.2% |
| Debt charges650 | €114 | €16k | €19k | €17k | €16k | ▼ 7.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €10k | €97k | €-139k | - | - | - |
| Other financial charges652/9 | €110k | €63k | €54k | €947 | €920 | ▼ 2.8% |
| Non-recurring financial charges66B | €200 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €292k | €90k | €288k | €94k | €1.80M | ▲ 1,805% |
| Income taxes67/77 | €6k | €6k | €9k | €11k | €10k | ▼ 6.8% |
| Taxes670/3 | €6k | €6k | €9k | €11k | €10k | ▼ 6.8% |
| Tax adjustments and reversals of tax provisions77 | €0 | - | €18 | - | - | - |
| Profit (loss) for the period9904 | €286k | €84k | €278k | €83k | €1.79M | ▲ 2,047% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €286k | €84k | €278k | €83k | €1.79M | ▲ 2,047% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.90M | €13.92M | €13.71M | €13.37M | €15.70M | ▲ 17.5% |
| Formation expenses20 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €5.66M | €8.51M | €9.31M | €9.68M | €9.07M | ▼ 6.3% |
| Intangible fixed assets21 | €192k | €200k | €243k | €200k | €145k | ▼ 27.6% |
| Tangible fixed assets22/27 | €5.47M | €8.31M | €9.06M | €9.48M | €8.92M | ▼ 5.9% |
| Land and buildings22 | €2.91M | €7.61M | €7.43M | €7.18M | €7.07M | ▼ 1.6% |
| Plant, machinery and equipment23 | €354k | €528k | €1.41M | €1.29M | €806k | ▼ 37.4% |
| Furniture and vehicles24 | €233k | €169k | €186k | €166k | €172k | ▲ 3.9% |
| Leasing and similar rights25 | €0 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €0 | €0 | - | - | - | - |
| Assets under construction and advance payments27 | €1.98M | €3k | €37k | €843k | €874k | ▲ 3.7% |
| Financial fixed assets28 | €235 | €2k | €2k | €2k | €2k | ▲ 1.7% |
| Affiliated companies280/1 | €0 | €0 | - | - | - | - |
| Participating interests280 | €0 | €0 | - | - | - | - |
| Amounts receivable281 | €0 | €0 | - | - | - | - |
| Companies linked by participating interests282/3 | €0 | €0 | - | - | - | - |
| Participating interests282 | €0 | €0 | - | - | - | - |
| Amounts receivable283 | €0 | €0 | - | - | - | - |
| Other financial fixed assets284/8 | €235 | €2k | €2k | €2k | €2k | ▲ 1.7% |
| Shares284 | €0 | €0 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €235 | €2k | €2k | €2k | €2k | ▲ 1.7% |
| Current assets29/58 | €5.23M | €5.41M | €4.40M | €3.69M | €6.64M | ▲ 79.9% |
| Amounts receivable after more than one year29 | €0 | €0 | - | - | - | - |
| Trade receivables290 | €0 | €0 | - | - | - | - |
| Other amounts receivable291 | €0 | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €242k | €312k | €513k | €311k | €312k | ▲ 0.3% |
| Stocks30/36 | €242k | €312k | €513k | €311k | €312k | ▲ 0.3% |
| Raw materials and consumables30/31 | €208k | €279k | €457k | €265k | €238k | ▼ 10.2% |
| Work in progress32 | €0 | €0 | - | - | - | - |
| Finished goods33 | €34k | €32k | €56k | €46k | €73k | ▲ 60.8% |
| Goods purchased for resale34 | €0 | €0 | - | - | - | - |
| Property held for sale35 | €0 | €0 | - | - | - | - |
| Advance payments36 | €0 | €0 | - | - | - | - |
| Contracts in progress37 | €0 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €849k | €820k | €879k | €894k | €768k | ▼ 14.1% |
| Trade receivables40 | €712k | €694k | €660k | €741k | €669k | ▼ 9.7% |
| Other amounts receivable41 | €137k | €126k | €219k | €154k | €99k | ▼ 35.4% |
| Current investments50/53 | €1.59M | €1.62M | - | €500k | €3.50M | ▲ 600% |
| Cash at bank and in hand54/58 | €2.41M | €2.53M | €2.86M | €1.82M | €1.87M | ▲ 2.8% |
| Deferred charges and accrued income490/1 | €142k | €128k | €148k | €167k | €188k | ▲ 12.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.90M | €13.92M | €13.71M | €13.37M | €15.70M | ▲ 17.5% |
| Equity10/15 | €9.08M | €9.20M | €9.46M | €9.50M | €11.28M | ▲ 18.7% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Capital10 | - | €40k | €40k | €40k | €40k | = |
| Revaluation surpluses12 | €0 | €0 | - | - | - | - |
| Reserves13 | €8.44M | €8.44M | €8.53M | €8.55M | €10.16M | ▲ 18.9% |
| Profit (loss) carried forward14 | €492k | €577k | €767k | €828k | €1.00M | ▲ 20.8% |
| Investment grants15 | €104k | €140k | €119k | €83k | €74k | ▼ 10.6% |
| Provisions and deferred taxes16 | €130k | €176k | €176k | €24k | €24k | = |
| Provisions for liabilities and charges160/5 | €130k | €176k | €176k | €24k | €24k | = |
| Pensions and similar obligations160 | €0 | €0 | - | - | - | - |
| Taxes161 | €0 | €0 | - | - | - | - |
| Major repairs and maintenance162 | €130k | €176k | €176k | €24k | €24k | = |
| Environmental obligations163 | €0 | €0 | - | - | - | - |
| Other liabilities and charges164/5 | €0 | €0 | - | - | - | - |
| Deferred taxes168 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €1.69M | €4.55M | €4.07M | €3.84M | €4.40M | ▲ 14.5% |
| Amounts payable after more than one year17 | €0 | €2.68M | €2.49M | €2.29M | €2.10M | ▼ 8.5% |
| Financial debts170/4 | €0 | €2.68M | €2.49M | €2.29M | €2.10M | ▼ 8.5% |
| Subordinated loans170 | €0 | €0 | - | - | - | - |
| Unsubordinated bonds171 | €0 | €0 | - | - | - | - |
| Leasing and similar obligations172 | €0 | €0 | - | - | - | - |
| Credit institutions173 | €0 | €2.68M | €2.49M | €2.29M | €2.10M | ▼ 8.5% |
| Other loans174 | €0 | €0 | - | - | - | - |
| Trade debts175 | €0 | €0 | - | - | - | - |
| Suppliers1750 | €0 | €0 | - | - | - | - |
| Bills of exchange payable1751 | €0 | €0 | - | - | - | - |
| Advances received on contracts in progress176 | €0 | €0 | - | - | - | - |
| Other amounts payable178/9 | €0 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €1.65M | €1.82M | €1.56M | €1.47M | €1.92M | ▲ 30.5% |
| Current portion of amounts payable after more than one year42 | €0 | €192k | €193k | €194k | €196k | ▲ 0.7% |
| Financial debts43 | €0 | €0 | - | - | - | - |
| Credit institutions430/8 | €0 | €0 | - | - | - | - |
| Other loans439 | €0 | €0 | - | - | - | - |
| Trade debts44 | €863k | €864k | €451k | €274k | €562k | ▲ 105% |
| Suppliers440/4 | €863k | €864k | €451k | €274k | €562k | ▲ 105% |
| Bills of exchange payable441 | €0 | €0 | - | - | - | - |
| Advances received on contracts in progress46 | €0 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €773k | €759k | €913k | €1.01M | €1.17M | ▲ 16.0% |
| Taxes450/3 | €34k | €39k | €140k | €154k | €232k | ▲ 51.2% |
| Remuneration and social security454/9 | €739k | €720k | €773k | €852k | €934k | ▲ 9.6% |
| Accrued charges and deferred income492/3 | €43k | €53k | €30k | €76k | €379k | ▲ 401% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €286k | €84k | €278k | €83k | €1.79M | ▲ 2,047% |
| + Depreciation and write-downs630 | €421k | €463k | €624k | €602k | €507k | ▼ 15.8% |
| Operating cash flow (approximation) | €708k | €548k | €903k | €685k | €2.29M | ▲ 234% |
| Investment in fixed assets (approximation) | - | €-3.31M | €-1.42M | €-974k | €105k | ▲ 111% |
| Change in cash | - | €119k | €327k | €-1.04M | €51k | ▲ 105% |
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
07-08
State Gazette act
Resignations: Ockerman Dirk, Van Neck Elke and 6 othersReappointments: Ockerman Dirk, Van Neck Elke and 6 others · Appointment: Kiekens Philippe (chair)18 facts ▸
- General meeting, 09/06/2026
- Director resignation, Ockerman Dirk (director)
- Director resignation, Van Neck Elke (director)
- Director resignation, Verdoodt Geert (director)
- Director resignation, Van den Nest Isabelle (director)
- Director resignation, Buekens Jozef (director)
- Director resignation, Van der Biest Luc (director)
- Director resignation, Van den Eede Marc (director)
- Director resignation, Kiekens Philippe (director)
- Director reappointment, Ockerman Dirk (director)
- Director reappointment, Van Neck Elke (director)
- Director reappointment, Verdoodt Geert (director)
- +6 further facts in this act
Show earlier events
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 other directors
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0103/00C000 | Flanders | 3.0 ha | - | - |
Linked by address, not proof of ownership
Structure & network
Connections & network
1 connected companyPublic money · subsidies and aid
Flemish government
2022 to 2025 · 20 entries · 14,400,805 EUR awarded · 14,344,689 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 3,916,101 EUR | 3,925,981 EUR |
| 2024 | 6 | 3,914,742 EUR | 3,891,816 EUR |
| 2023 | 5 | 3,460,834 EUR | 3,519,516 EUR |
| 2022 | 5 | 3,109,128 EUR | 3,007,376 EUR |
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Recognitions · licences · registrations
Food safety, FASFC
1 siteRecognised sheltered-work company
1 live approvalQuality registration as a provider
1 live approvalLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.