Growth
3 years
3 years of growth in a row. Turnover 2025: €136,377.
MAAMAR
Lifetime
6 annual accounts with figures on one time axispeak €136,377 (2025)
€136,377▲ 0.8%
lowest -€299 (2025)
-€299▼ €1,428
peak €23,319 (2024)
€23,020▼ 1.3%
€25,443▲ 33.5%
Board1 name since 2020
-
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Gross margin from €23,064 to €18,968Loss of €299Debts from €19,052 to €25,443Cash from €9,816 to €3,139
Key points
from the 2025 annual accountsPayment terms
23 days to suppliers
MAAMAR pays its suppliers 10 days later than in 2024. Customers pay 24 days later.
Filings
6 annual accounts 5 late
The 2020 accounts came latest: 130 days after the end of the period.
Checked score
53
Fair
Financially stronger than 40% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%lowest value
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.1%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.4%▲ +0.2 percentage points vs 07-2025
09-2025: 1.5%▲ +0.1 percentage points vs 08-2025
10-2025: 1.3%▼ -0.2 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.2%▼ -0.1 percentage points vs 01-2026
03-2026: 1.3%▲ +0.1 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.2%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 2.6%▲ +1.4 percentage points vs 07-2026highest value
09-2026: 2.2%▼ -0.4 percentage points vs 08-2026
10-2026: 2.2%● unchanged vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
2 of the last 3 accounts late
Size: turnover €136,377, total assets €48,462
Founded in 2020
Sector: Retail trade (NACE 47)
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 47, micro). It does better than 62% of them on solvency, 29% on liquidity, 28% on profitability and 42% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 3,440 companies had the same profile as MAAMAR has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAAMAR itself: 2.2% within 12 months.
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 3,440 companies, not a prediction for MAAMAR. 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
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.9 (2.22 in 2024), above the usual 1.5. Short-term debt is 52.5% and cash 6.5% of total assets. However, 52.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
raises riskneutral
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 · 6 filingsDeviation from the deadline
2025
11 days early
2024
31 days late
2023
66 days late
2022
61 days late
2021
59 days late
2020
130 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 56 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- EL MAAMMAR Abdellah 100 sharesdeed of 17-06-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0748540585
First establishment
Keizer Karellaan 80, Ganshoren
Incorporation
Founder: EL MAAMMAR Abdellah · 100 shares · Appointment: EL MAAMMAR Abdellah (director) · published on 17-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAAMAR Ganshoren | €48,462 | €18,968 | 47.5% | - |
| BAKERY FOR YOU Namur | €39,300 | €23,413 | 67.3% | - |
| ESER Sint-Pieters-Leeuw | €59,363 | €24,035 | 65.2% | - |
| Casarif Antwerp | €63,930 | €24,521 | 63.1% | - |
| YAMI COMPANY Ternat | €44,201 | €19,221 | 52.3% | - |
| Graantje Vosselaar | €59,102 | €28,167 | 63.6% | - |
| Délifleur Brasschaat | €62,959 | €25,229 | -0.4% | - |
These companies have the same main activity as MAAMAR: retail sale of bread and pastry (bakery outlets) (NACE 47241). They are comparable in size and age: total assets between €39,300 and €63,900, founded between 2019 and 2022.
Official details
Source: KBO- Status
- Active since 14-06-2020Normal situation
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241
- Establishment unit
- 2.304.112.8581083 Ganshoren, since 02-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- €48,462▲ 14.4%
- ≈ 0.7 FTEestimated
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on MAAMAR
MAAMAR has existed since 2020. Turnover grew from €43,156 in 2020 to €136,377 in 2025.
Turnover has grown every year since 2022. Solvency fell in 2025 from 55.0% to 47.5% because of the loss and higher debts to suppliers.
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 MAAMAR
- What is the company number of MAAMAR?
- The company number of MAAMAR is 0748.540.585. The VAT number is the same number with BE in front: BE 0748.540.585.
- Where is MAAMAR based?
- The registered office is at Keizer Karellaan 80, 1083 Ganshoren.Company details
- What does MAAMAR do?
- According to the KBO register, the main activity is retail sale of bread and pastry (bakery outlets) (NACE 47241).
- What is the legal form of MAAMAR?
- MAAMAR is a private limited company (BV).
- When was MAAMAR founded?
- MAAMAR was founded on 14-06-2020.
- Is MAAMAR still active?
- Yes, MAAMAR is an active enterprise in the KBO register.
- What is the turnover of MAAMAR?
- The turnover of MAAMAR was €136,377 in financial year 2025, according to the filed annual accounts.Financials
- Is MAAMAR profitable?
- In financial year 2025, MAAMAR made a loss of €299.
- Where can I find the annual accounts of MAAMAR?
- MAAMAR filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAAMAR due?
- MAAMAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.