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MAAN

Active
Private limited companyfounded 200224 yrs activeHoogstraat 43, 2800 Mechelen, BelgiumKBO/BCE: BE 0476.645.429

MAAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €328k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 48% of 3468 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
71 / 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+1
Solvency73▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.74 in 2024; short-term debt: 29.8% and cash: 2% of total assets), and 52% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← 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 date
Age against the risk zone
elevated failure risk from 2 to 8 years 24 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
48%
Return on assets
0.5%
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 05-12-2025, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 d early
2024
149 d early
2023
28 d early
2022
53 d early
2021
48 d early
2020
40 d early
2019
45 d early
← before the deadline after the deadline →
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 months
Position in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€328k▲ 1.1%
2024 · €325k
2019: €317k 2020: €327k 2021: €280k 2022: €274k 2023: €304k 2024: €325k
2019 → 2025
Total assets
€685k▼ 0.2%
2024 · €686k
2019: €470k 2020: €774k 2021: €713k 2022: €701k 2023: €698k 2024: €686k
2019 → 2025
Net result
€4k▼ 82.4%
2024 · €21k
2019: €4k 2020: €10k 2021: €-48k 2022: €-6k 2023: €30k 2024: €21k
2019 → 2025
Working capital
€-66k▼ 43.5%
2024 · €-46k
2019: €14k 2020: €48k 2021: €-17k 2022: €-75k 2023: €-90k 2024: €-46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€280k-€274k▼ 2.2%€304k▲ 11.1%€325k▲ 6.8%€328k▲ 1.1%
Operating result€-45k-€3k€39k▲ 1,423%€30k▼ 21.3%€9k▼ 71.7%
Net result€-48k-€-6k▲ 87.3%€30k€21k▼ 31.2%€4k▼ 82.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€-25k€0€25k€50kOperating result 2021: €-45k€-45kNet result 2021: €-48k€-48kOperating result 2022: €3k€3kNet result 2022: €-6k€-6kOperating result 2023: €39k€39kNet result 2023: €30k€30kOperating result 2024: €30k€30kNet result 2024: €21k€21kOperating result 2025: €9k€9kNet result 2025: €4k€4k20212022202320242025
The operating result has fallen two years in a row; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €685k
Fixed assets €546k▼ 1.6%
Current assets €139k▲ 5.6%
Equity and liabilities €685k
Equity €328k▲ 1.1%
Debt €356k▼ 1.4%
The debt ratio falls from 52.7% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€30k
2024 · €48k
Cash flow
€25k
2024 · €38k
Solvency
48.0%
2024 · 47.3%
Current ratio
0.68
2024 · 0.74
Quick ratio
0.10
2024 · 0.06
Debt / equity
1.08
2024 · 1.11
ROE
1.1%
2024 · 6.4%
ROA
0.5%
2024 · 3.0%
Interest coverage
5.70
2024 · 5.16
Debt
€356k
2024 · €361k
Debt ≤ 1 year
€204k
2024 · €177k
Debt > 1 year
€152k
2024 · €184k
Income taxes
€198
2024 · €189
Staff costs
€32k
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€686k€685k
Fixed assets21/28€555k€546k
Tangible fixed assets22/27€555k€546k
Land and buildings22€541k€532k
Furniture and vehicles24€14k€14k
Financial fixed assets28€150€150=
Current assets29/58€131k€139k
Stocks and contracts in progress3€120k€117k
Stocks30/36€120k€117k
Amounts receivable within one year40/41€1k€404
Trade receivables40€1k€293
Other amounts receivable41-€111
Cash at bank and in hand54/58€10k€13k
Deferred charges and accrued income490/1-€7k
Equity and liabilities
Total equity and liabilities10/49€686k€685k
Equity10/15€325k€328k
Contributions10/11€19k€19k=
Revaluation surpluses12€303k€303k=
Reserves13€3k€6k
Distributable reserves133€3k€6k
Profit (loss) carried forward14€0-
Amounts payable17/49€361k€356k
Amounts payable after more than one year17€184k€152k
Financial debts170/4€184k€152k
Amounts payable within one year42/48€177k€204k
Current portion of amounts payable after more than one year42€33k€32k
Financial debts43€0€2k
Credit institutions430/8€0€2k
Trade debts44€28k€31k
Suppliers440/4€28k€31k
Taxes, remuneration and social security45€22k€18k
Taxes450/3€17k€13k
Remuneration and social security454/9€5k€5k
Other amounts payable47/48€94k€122k
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€31k€32k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k
Other operating charges640/8€9k€8k
Gross operating margin9900€88k€70k
Operating profit (loss)9901€30k€9k
Financial income75/76B€0€491
Recurring financial income75€0€491
Financial charges65/66B€9k€5k
Recurring financial charges65€9k€5k
Profit (loss) for the period before taxes9903€21k€4k
Income taxes67/77€189€198
Profit (loss) for the period9904€21k€4k
Profit (loss) for the period to be appropriated9905€21k€4k
Appropriation of the result
Profit (loss) to be appropriated9906€865€4k
Profit (loss) brought forward from the previous period14P€-20k€0
Transfer to equity691/2€865€4k
To other reserves6921€865€4k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
05-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
04-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
03-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Back to profitnet €30k
Net result €30k after 2 loss-making years.
2022
09-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
14-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial Weakest financial yearnet €-48k ▼575%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
2020
22-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
17-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
07-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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.

Directors · office · real estate

Directors
6 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, Mechelen · 1 establishment unit since 2002
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hoogstraat 432800 Mechelen
Ground area
192 m²
Building footprint
192 m²
Volume, LiDAR
1,988 m³
Parcel 12025D0962/00R000, Flanders · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Hoogstraat 43, 2800 Mechelen
NACE 5141001
since 20022.095.761.016
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12025D0962/00R000 Flanders 192 m² 1 · 192 m² 15.8 m · 4 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 1,236 companies in sector 74140 we hold annual accounts for 353. 230 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded06-02-2002
Fiscal year end30-06
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
51421
52421
74105Other professional, scientific and technical activities
74140Other specialised design activities
46412Wholesale of household textiles and bedding
46423Wholesale of clothing, excluding workwear and underwear
47511Retail trade
51410
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.