Staff
Between 2019 and 2025, 64% of the full-time equivalents disappeared.
Between 2019 and 2025, 64% of the full-time equivalents disappeared.
The last five annual accounts were filed 6 to 35 days before the end of the period.
More equity than 95% of companies in building services and landscaping. Sector median €44,710 · 5,731 companies.
The dashed line is the sector median: 0.9% across 7,709 companies (NACE 81, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 81, micro). It does better than 92% of them on solvency, 85% on liquidity, 24% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 6,908 companies had the same profile as MAAFE has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAAFE itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for MAAFE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 8.03 (7.17 in 2024), above the usual 1.5. Short-term debt is 12.1% and cash 27.7% of total assets. 12.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MAAFE Schaerbeek | €0.7m | -0.1% | 87.7% | - |
| T.I.G.E.R. Ghent | - | - | 37.4% | - |
| NSA CLEANING Bruges | - | - | 53.0% | - |
| ARSEN Koekelberg | €4.1m | 3.8% | 38.1% | - |
| BRUSSELS GLOBAL SERVICES Koekelberg | - | - | 23.9% | - |
| SOFITEC Molenbeek-Saint-Jean | - | - | 23.3% | - |
| Bel-Gem Dendermonde | - | - | 40.6% | - |
Grey: the largest companies of the sector (building services and landscaping (NACE 81)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as MAAFE: general cleaning of buildings (NACE 81210). They are comparable in size and age: total assets between €498,000 and €807,000, founded between 2011 and 2018.
MAAFE has existed since 2015. Turnover fell from €1.7m in 2020 to €731,663 in 2021 and staff from 5 to 3.3 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 94% of 5,725 companies in 2025.
Higher than 94% of 5,586 companies in 2025.
Higher than 24% of 5,612 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 4 people joined and 5 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
644,349 | 655,091 | 585,562 | 570,394 | 584,609 | 852,536 | 483,933 | 398,877 | 316,119 | 342,342 | |
21/28 |
20,601 | 21,587 | 30,035 | 31,724 | 49,284 | 70,866 | 20,945 | 15,705 | 20,541 | 21,889 | |
22/27 |
7,101 | 8,087 | 16,535 | 31,724 | 49,284 | 70,866 | 20,945 | 15,705 | 20,541 | 21,889 | |
22 |
675 | 1,125 | 1,575 | 2,025 | - | 1,031 | 4,108 | 7,186 | 10,263 | 8,184 | |
23 |
- | 0 | 1,035 | 4,956 | 6,644 | 9,097 | 5,144 | 8,519 | 10,278 | 13,705 | |
24 |
6,426 | 6,962 | 13,925 | 24,743 | 42,639 | 60,737 | 11,692 | - | - | - | |
28 |
13,500 | 13,500 | 13,500 | - | - | - | - | - | - | - | |
29/58 |
623,748 | 633,504 | 555,527 | 538,671 | 535,325 | 781,670 | 462,988 | 383,173 | 295,577 | 320,454 | |
29 |
- | - | - | - | - | - | 22,600 | 22,600 | 63,281 | 81,361 | |
291 |
- | - | - | - | - | - | 22,600 | 22,600 | 63,281 | 81,361 | |
3 |
118,997 | 165,815 | 134,136 | 140,797 | 138,000 | 121,640 | 93,609 | 113,950 | 86,805 | 77,245 | |
30/36 |
118,997 | 165,815 | 134,136 | 140,797 | 138,000 | 121,640 | 93,609 | 113,950 | 86,805 | 77,245 | |
40/41 |
308,178 | 340,671 | 233,386 | 349,215 | 308,451 | 536,694 | 269,559 | 235,188 | 119,536 | 113,778 | |
40 |
253,428 | 295,421 | 233,136 | 338,965 | 277,867 | 283,330 | 269,559 | 235,188 | 119,536 | 113,778 | |
41 |
54,750 | 45,250 | 250 | 10,250 | 30,583 | 253,364 | - | - | - | - | |
54/58 |
178,377 | 120,011 | 181,872 | 40,187 | 72,909 | 123,336 | 77,219 | 11,434 | 24,894 | 47,276 | |
490/1 |
18,195 | 7,006 | 6,133 | 8,472 | 15,966 | - | - | - | 1,061 | 793 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
644,349 | 655,091 | 585,562 | 570,394 | 584,609 | 852,536 | 483,933 | 398,877 | 316,119 | 342,342 | |
10/15 |
565,039 | 565,141 | 522,285 | 509,430 | 518,109 | 548,494 | 95,487 | 35,818 | 27,067 | 26,682 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
10 |
- | - | - | 20,000 | - | - | - | - | - | - | |
100 |
- | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
11 |
- | - | 20,000 | - | - | - | - | - | - | - | |
1100/10 |
- | - | 20,000 | - | - | - | - | - | - | - | |
13 |
519,971 | 519,971 | 520,326 | 520,326 | 520,326 | 520,326 | 68,706 | 9,106 | 355 | 335 | |
130/1 |
519,971 | 519,971 | - | 355 | 355 | 355 | - | - | - | - | |
130 |
- | - | - | 355 | 355 | 355 | 355 | 355 | 355 | 335 | |
1319 |
519,971 | 519,971 | - | - | - | - | - | - | - | - | |
133 |
- | - | 520,326 | 519,971 | 519,971 | 519,971 | 68,351 | 8,751 | - | - | |
14 |
25,068 | 25,170 | -18,041 | -30,896 | -22,217 | 8,168 | 6,780 | 6,712 | 6,712 | 6,347 | |
17/49 |
79,310 | 89,950 | 63,277 | 60,964 | 66,500 | 304,042 | 388,446 | 363,059 | 289,052 | 315,660 | |
17 |
- | - | - | - | - | 7,927 | 136,255 | 146,313 | 156,112 | 150,000 | |
170/4 |
- | - | - | - | - | 7,927 | 18,255 | 28,313 | 38,112 | - | |
178/9 |
- | - | - | - | - | - | 118,000 | 118,000 | 118,000 | 150,000 | |
42/48 |
77,710 | 88,350 | 61,677 | 59,364 | 64,900 | 294,515 | 250,591 | 215,146 | 131,022 | 165,660 | |
42 |
- | - | - | - | 7,927 | 10,328 | 85,058 | 84,799 | 85,329 | 100,000 | |
44 |
21,225 | 20,886 | 5,510 | 6,543 | 9,694 | 11,170 | 42,424 | 44,042 | 15,474 | 16,207 | |
440/4 |
21,225 | 20,886 | 5,510 | 6,543 | 9,694 | 11,170 | 42,424 | 44,042 | 15,474 | 16,207 | |
45 |
53,980 | 66,869 | 55,502 | 51,764 | 43,188 | 268,655 | 113,926 | 48,027 | 29,661 | 49,453 | |
450/3 |
31,245 | 49,255 | 35,008 | 43,958 | 31,901 | 189,254 | 52,905 | 23,841 | 19,007 | 10,061 | |
454/9 |
22,734 | 17,614 | 20,494 | 7,807 | 11,287 | 79,401 | 61,021 | 24,186 | 10,654 | 39,392 | |
47/48 |
2,505 | 594 | 666 | 1,057 | 4,092 | 4,363 | 9,183 | 38,278 | 558 | - | |
492/3 |
1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,918 | - | |
| Income statement | |||||||||||
70 |
716,853 | 735,436 | 698,778 | 629,567 | 731,663 | 1.7m | 886,759 | 638,140 | 548,898 | 436,240 | |
76A |
2,150 | - | - | - | - | - | - | - | - | - | |
9900 |
138,244 | 163,772 | 145,158 | 104,869 | 176,542 | 834,002 | 338,756 | 226,698 | 116,532 | 85,259 | |
60/61 |
580,760 | 571,663 | 553,621 | 524,697 | 555,125 | 844,720 | 548,003 | 411,442 | 432,367 | 350,981 | |
62 |
128,032 | 95,862 | 112,186 | 92,910 | 126,886 | 164,068 | 238,333 | 159,547 | 83,476 | 58,315 | |
630 |
9,056 | 8,448 | 15,189 | 22,536 | 24,406 | 17,008 | 9,436 | 7,337 | 6,503 | 5,472 | |
631/4 |
- | - | - | - | - | 22,600 | - | 40,681 | 18,080 | 9,040 | |
640/8 |
387 | 574 | 952 | 348 | 0 | 4,121 | 1,069 | 649 | 842 | 1,336 | |
66A |
1,146 | 5,672 | - | 340 | - | - | - | - | - | - | |
9901 |
-378 | 53,217 | 16,831 | -11,263 | 25,249 | 626,205 | 89,918 | 18,486 | 7,630 | 11,095 | |
75/76B |
1,413 | 2,992 | 2,812 | 3,643 | 2,769 | 482 | - | - | 243 | - | |
75 |
1,413 | 2,992 | 2,812 | - | 2,769 | 482 | - | - | 243 | - | |
76B |
- | - | - | 3,643 | - | - | - | - | - | - | |
65/66B |
11 | 142 | 339 | 492 | 590 | 3,323 | 4,920 | 5,639 | 7,122 | 2,223 | |
65 |
11 | 142 | 339 | - | 590 | 3,323 | 4,920 | 5,639 | 7,122 | 2,223 | |
66B |
- | - | - | 492 | - | - | - | - | - | - | |
9903 |
1,025 | 56,067 | 19,303 | -8,112 | 27,429 | 623,364 | 84,997 | 12,847 | 752 | 8,872 | |
67/77 |
1,128 | 12,855 | 6,448 | 567 | 57,814 | 170,356 | 25,329 | 4,095 | 368 | 2,190 | |
9904 |
-103 | 43,212 | 12,855 | -8,679 | -30,385 | 453,007 | 59,669 | 8,751 | 384 | 6,682 | |
9905 |
-103 | 43,212 | 12,855 | -8,679 | -30,385 | 453,007 | 59,669 | 8,751 | 384 | 6,682 | |
| Appropriation of the result | |||||||||||
9906 |
25,068 | 25,170 | -18,041 | -30,896 | -22,217 | 459,788 | 66,380 | 15,463 | 6,732 | 6,682 | |
14P |
25,170 | -18,041 | -30,896 | -22,217 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 451,620 | 59,600 | 8,751 | 20 | 335 | |
6920 |
- | - | - | - | - | - | - | - | 20 | 335 | |
6921 |
- | - | - | - | - | 451,620 | 59,600 | 8,751 | - | - | |
| Social balance sheet | |||||||||||
9087 |
2.4 | 2.7 | 2.4 | 2.1 | 3.3 | 5 | 6.7 | 4.9 | 2 | 2 | |
Hours worked1013 |
3,692 | 2,889 | 3,543 | 3,324 | 5,034 | 7,399 | 10,592 | 6,343 | 3,242 | 2,412 | |
| Document | |||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 26-03-2026 | 2026-00064370 | |
| 30-09-2024 | micro format | 11-04-2025 | 2025-00069888 | |
| 30-09-2023 | micro format | 26-03-2024 | 2024-00051929 | |
| 30-09-2022 | micro format | 24-04-2023 | 2023-00066646 | |
| 30-09-2021 | micro format | 31-03-2022 | 2022-09600258 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13300592 | |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10600064 | |
| 30-09-2018 | micro format | 08-04-2019 | 2019-09800260 | |
| 30-09-2017 | full format | 30-03-2018 | 2018-09200024 | |
| 30-09-2016 | full format | 25-04-2017 | 2017-09900117 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 8,679 | 61,664 | 32,020 | 11,272 | 49,655 | 643,213 | 99,354 | 25,822 | 14,134 | 16,568 | ||
| 8,954 | 51,659 | 28,044 | 13,857 | -5,979 | 470,015 | 69,105 | 16,088 | 6,888 | 12,155 | ||
| 8,070 | 0 | 13,500 | 4,976 | 2,824 | 66,929 | 14,677 | 2,500 | 5,156 | 27,361 | ||
| 58,366 | -61,860 | 141,685 | -32,722 | -50,427 | 46,117 | 65,785 | -13,460 | -22,382 | - | ||
| 546,038 | 545,154 | 493,850 | 479,306 | 470,425 | 487,155 | 212,397 | 168,027 | 164,555 | 154,793 | ||
| -0.1% | 7.2% | 2.4% | -1.8% | 3.5% | 37.3% | 10.1% | 2.9% | 1.4% | 2.5% | ||
| 87.7% | 86.3% | 89.2% | 89.3% | 88.6% | 64.3% | 19.7% | 9.0% | 8.6% | 7.8% | ||
| 8.03 | 7.17 | 9.01 | 9.07 | 8.25 | 2.65 | 1.85 | 1.78 | 2.26 | 1.93 | ||
| 6.50 | 5.29 | 6.83 | 6.70 | 6.12 | 2.24 | 1.47 | 1.25 | 1.59 | 1.47 | ||
| 0.14 | 0.16 | 0.12 | 0.12 | 0.13 | 0.55 | 4.07 | 10.14 | 10.68 | 11.83 | ||
| 0.0% | 7.6% | 2.5% | -1.7% | -5.9% | 82.6% | 62.5% | 24.4% | 1.4% | 25.0% | ||
| 0.0% | 6.6% | 2.2% | -1.5% | -5.2% | 53.1% | 12.3% | 2.2% | 0.1% | 2.0% | ||
| over 100 | over 100 | 94.33 | 22.93 | - | - | - | - | - | - | ||
| 129 days | 147 days | 122 days | 197 days | 139 days | 62 days | 111 days | 135 days | 79 days | 95 days | ||
| 13 days | 13 days | 4 days | 5 days | 6 days | 5 days | 28 days | 39 days | 13 days | 17 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 2 | 3 |
| full-time | 2 | 2 | 2 | 2 |
| part-time | 0 | 1 | 0 | 1 |
| in full-time equivalents | 2 | 2.8 | 2 | 2.4 |
| 2.4 | 2.7 | 2.4 | 2.1 | |
| On a permanent contract | 2 | 2 | 2 | 2 |
| Joined | 4 | 7 | 6 | 3 |
| Left | 5 | 6 | 8 | 4 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €8,070 | - | - | €4,976 |
| Financial fixed assets | - | - | €13,500 | - |
| €9,056 | €8,448 | €15,189 | €22,536 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €378, after a profit of €53,217 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total falls from 13.7% to 12.3%. Debt is lower.
MAAFE has no parent and no holdings in its annual accounts. HADDAJI Assia is the only director. MAAFE shares no director with another company.
| NAAF
registered office since 01-01-2021 · founded in 2020 |
turnover €2.7m (2025) 0759.516.532 |
| A & N SHALA
registered office since 17-12-2013 · founded in 2013 · negative equity (2024) · accounts filed late |
turnover €37,877 (2024) 0543.368.660 |
| CONIMEX
establishment since 24-01-1985 · founded in 1984 |
total assets €89,558 (2026) 0426.783.172 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
“La société pourra louer ou sous louer,acquérir des droits réels ou la pleine propriété de tout immeuble dans le but soit d’y établir son siège,un siège d’exploitation.”
| Establishment | Since | Unit number |
|---|---|---|
| Albert Giraudlaan 60 registered office 1030 Schaerbeek | 08-06-2015 | 2.243.043.737 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21015A0073/00W004 | 2,165 m² | 1 · 142 m² | 7.9 m |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0631.822.069
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