Equity
-€729,796
Debts exceed assets in financial year 2025.
Maaket
Lifetime
8 annual accounts with figures on one time axispeak €303,287 (2025)
€303,287▲ 22.5%
lowest -€224,814 (2019)
-€39,642▼ €61,138
peak €177,121 (2018)
-€729,796▼ €39,642
€4.4m▲ 20.8%
peak 0.2 FTE (2021)
-not published
Board1 name since 2022
1 directorSteven Vanderbeke
Documentsfilings and deeds
12-01-2026108 days before the deadline
2025micro format
Gross margin from €247,604 to €303,287Loss of €39,642Debts from €3.6m to €4.4mInvestments €931,158Cash from €90,606 to €124,360
Key points
from the 2025 annual accountsResult
-€39,642 -€39,642
From profit to loss in 2025, after a profit of €21,496 in 2024.
Debts
€4.4m 120% of the balance sheet
Financial debts 16%Suppliers 1%Taxes and wages 1%Other 82%
Of this, €3.6m falls due within a year.
Investments
€931,158 3.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 23.6% higher than in 2024.
Filings
8 annual accounts 1 late
The 2018 accounts came 2 days late. The other seven were filed on time.
Position in the sector
-€729,796
Less equity than 95% of companies in real estate. Sector median €73,157 · 17,191 companies.
Checked score
54
Fair
Financially stronger than 26% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,998 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025highest value
05-2025: 0.2%▼ -0.5 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€729,796
lowers risk
Size: total assets €3.6m
Figures for financial year 2025 (filed on 17-01-2026)
Sector: Real estate activities (NACE 68)
Calculation
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 68, small). It does better than 4% of them on solvency, 7% on liquidity, 65% on profitability and 27% on growth.
The bankruptcy probability was computed on 06-11-2026 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).
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as Maaket has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Maaket itself is lower: 0.1% within 12 months. It rests on far more data about Maaket than the profile alone.
Test of the method
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 1,167 companies, not a prediction for Maaket. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.06 (0.05 in 2024), below 1. Short-term debt is 99.5% and cash 3.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€729,796
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-01-2026, 108 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
108 days early
2024
6 days early
2023
6 days early
2022
62 days early
2021
68 days early
2020
17 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 February (4 of the last 5 accounts filed within 56 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end07-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0667604676
Change of role: Steven Vanderbeke, from manager to director
Director discharge: Steven Vanderbeke · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 07-12-2023 · Gazette deed
First establishment
Tapuitstraat 9, Ghent
Incorporation
published on 14-12-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Maaket Ghent | €3.6m | €303,287 | -20.0% | - |
| MDU INVEST I Temse | €3.8m | €316,630 | 20.1% | - |
| IMER Lokeren | €3.0m | €295,576 | 5.3% | - |
| FAN IMMO De Panne | €3.5m | €310,811 | 54.7% | - |
| R.A.S.R. 11 Menen | €3.7m | €322,626 | 2.2% | 0 |
| STHENO Heist-op-den-Berg | €3.5m | €307,160 | 20.8% | - |
| Noordlink Lommel | €3.8m | €343,283 | -21.7% | - |
These companies have the same main activity as Maaket: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3m and €3.8m, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 11-12-2016Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 5 others
- Joint committee
- 100Auxiliary committee for blue-collar workers · annual accounts 30-09-2023
- Establishment unit
- 2.259.193.4459000 Ghent, since 01-01-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 06-02-2026
Annual accounts to 30-09-2025
- ≈ €340,000estimated
- €3.6m▲ 24.3%
- ≈ 0 FTEestimated
- Filing
- Filed on 12-01-2026, 108 days before the end of the filing period
Insights on Maaket
Maaket files the micro format. That format states no turnover. The gross margin rose from -€39,605 in 2018 to €303,287 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Maaket
- What is the company number of Maaket?
- The company number of Maaket is 0667.604.676. The VAT number is the same number with BE in front: BE 0667.604.676.
- Where is Maaket based?
- The registered office is at Tapuitstraat 9, 9000 Ghent.Company details
- What does Maaket do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Maaket?
- Maaket is a private limited company (BV).
- When was Maaket founded?
- Maaket was founded on 11-12-2016.
- Is Maaket still active?
- Yes, Maaket is an active enterprise in the KBO register.
- How many employees does Maaket have?
- Maaket had an average of 0.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Maaket fall under?
- In its 30-09-2023 annual accounts, Maaket states joint committee 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of Maaket?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €303,287 and 46 comparable companies (NACE 68203). It probably lies between €310,000 and €420,000.
- Is Maaket profitable?
- In financial year 2025, Maaket made a loss of €39,642.
- Where can I find the annual accounts of Maaket?
- Maaket filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Maaket due?
- Maaket must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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