MAAO EXPORT
ActiveSummary
The computed 12-month bankruptcy probability of MAAO EXPORT is 6.2% (elevated). The 2024 annual accounts show equity of €65,258 and a net result of -€7,452. Its solvency ranks better than 88% of 5998 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability7▼-66
Solvency100=
Growth32
Track record86
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.12 against 7.96 in 2023; short-term debt: 19.3% and cash: 23.6% of total assets), and 19.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
80.7%
Return on assets
-9.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,452
2023 · €2,710
Working capital
€64,475▼ 9.3%
2023 · €71,109
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€4,618--€8,652
Net result€2,710--€7,452
Equity€72,710-€65,258▼ 10.2%
Total assets€82,927-€80,903▼ 2.4%
Debt€10,217-€15,645▲ 53.1%
Working capital€71,109-€64,475▼ 9.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8,652 after €4,618 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,903
Fixed assets
€784 ▼ 51.0%
Current assets
€80,118 ▼ 1.5%
Equity and liabilities €80,903
Equity
€65,258 ▼ 10.2%
Debt
€15,645 ▲ 53.1%
Debt's share of the balance-sheet total rises from 12.3% to 19.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€7,836▼
2023 · €5,471
Cash flow
-€6,635▼
2023 · €3,563
Current ratio
5.12▼
2023 · 7.96
Debt to equity
0.24▲
2023 · 0.14
ROE
-11.4%▼
2023 · 3.7%
ROA
-9.2%▼
2023 · 3.3%
Interest coverage
-111.30▼
2023 · 5.98
Debt ≤ 1 year
€15,644▲
2023 · €10,217
Income taxes
-€1,239▼
2023 · €1,239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €853 | €817 | ▼ 4.2% |
| Other operating charges640/8 | €266 | - | - |
| Gross operating margin9900 | €5,737 | -€7,836 | ▼ 237% |
| Operating profit (loss)9901 | €4,618 | -€8,652 | ▼ 287% |
| Financial income75/76B | €247 | €32 | ▼ 87.2% |
| Recurring financial income75 | €247 | €32 | ▼ 87.2% |
| Financial charges65/66B | €915 | €70 | ▼ 92.3% |
| Recurring financial charges65 | €915 | €70 | ▼ 92.3% |
| Profit (loss) for the period before taxes9903 | €3,949 | -€8,691 | ▼ 320% |
| Income taxes67/77 | €1,239 | -€1,239 | ▼ 200% |
| Profit (loss) for the period9904 | €2,710 | -€7,452 | ▼ 375% |
| Profit (loss) for the period to be appropriated9905 | €2,710 | -€7,452 | ▼ 375% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €82,927 | €80,903 | ▼ 2.4% |
| Fixed assets21/28 | €1,601 | €784 | ▼ 51.0% |
| Tangible fixed assets22/27 | €1,601 | €784 | ▼ 51.0% |
| Furniture and vehicles24 | €1,601 | €784 | ▼ 51.0% |
| Current assets29/58 | €81,326 | €80,118 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €73,426 | €61,054 | ▼ 16.8% |
| Trade receivables40 | €46,592 | €60,972 | ▲ 30.9% |
| Other amounts receivable41 | €26,835 | €83 | ▼ 99.7% |
| Cash at bank and in hand54/58 | €7,899 | €19,064 | ▲ 141% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €82,927 | €80,903 | ▼ 2.4% |
| Equity10/15 | €72,710 | €65,258 | ▼ 10.2% |
| Contributions10/11 | €70,000 | €70,000 | = |
| Capital10 | €70,000 | €70,000 | = |
| Issued capital100 | €90,000 | €90,000 | = |
| Uncalled capital101 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €2,710 | -€4,742 | ▼ 275% |
| Amounts payable17/49 | €10,217 | €15,645 | ▲ 53.1% |
| Amounts payable within one year42/48 | €10,217 | €15,644 | ▲ 53.1% |
| Trade debts44 | €1,704 | - | - |
| Suppliers440/4 | €1,704 | - | - |
| Taxes, remuneration and social security45 | €1,239 | - | - |
| Taxes450/3 | €1,239 | - | - |
| Other amounts payable47/48 | €7,274 | €15,644 | ▲ 115% |
| Accrued charges and deferred income492/3 | - | €1 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,710 | -€7,452 | ▼ 375% |
| + Depreciation and write-downs630 | €853 | €817 | ▼ 4.2% |
| Operating cash flow (approximation) | €3,563 | -€6,635 | ▼ 286% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €11,164 | - |
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
2026
27-03
State Gazette act
Resignations: AMMOR Mohamed (director) and BENILLOUCHE Ethan (director)Appointment: DELTRUDE Carole-Anne Carine J (director) · Share transfer · Registered-office move6 facts ▸
State Gazette act
Resignations: AMMOR Mohamed (director) and BENILLOUCHE Ethan (director)
Appointment: DELTRUDE Carole-Anne Carine J (director) · Share transfer · Registered-office move6 facts ▸
- General meeting, 19 maart 2026
- Share transfer, AMMOR Mohamed → DELTRUDE Carole-Anne Carine J
- Director resignation, AMMOR Mohamed (director)
- Director resignation, BENILLOUCHE Ethan (director)
- Director appointment, DELTRUDE Carole-Anne Carine J (director)
- Registered-office move, Waterloose Steenweg 200 bus 8, 1640 Sint-Genesius-Rode
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
24-01
KBO administration
Address struck
Ikaroslaan 1 1930 Die Sitzadresse Ikaroslaan 1 1930 Zaventem
Zaventem · event 04-11-2024
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
SignalState Gazette actNBB filing
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
DELTRUDE Carole-Anne Carine J
CurrentDirector · since 19-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 2022
Ground area
1.3 ha
Building footprint
1,953 m²
Volume, LiDAR
16,574 m³
2 parcels, Flanders · tallest building 23.0 m, ±4 floors. Linked by address, not a title deed.
414
companies at this address
See who is registered here
1 establishment unit
MAAO EXPORT
since 20222.349.056.819
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00Z025 | Flanders | 7,308 m² | 1 · 1,453 m² | 23.0 m · 4 fl. |
| 23772B0101/00B000 | Flanders | 5,421 m² | 1 · 499 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DELTRUDE Carole-Anne Carine J |
|
| AMMOR Mohamed |
|
| BENILLOUCHE Ethan |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Share transfer
act of 27-03-2026 ↗
- AMMOR Mohamed to DELTRUDE Carole-Anne Carine J 1,000 shares · 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 235 companies in sector 46419 we hold annual accounts for 130. 96 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46419Wholesale trade
46130Agents in the wholesale of timber and building materials
46411Wholesale trade
46833Wholesale trade
46900Non-specialised wholesale trade
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.