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MAAT

Active
Private limited companyfounded 20242 yrs activeRue de la Gare 4, 5310 Eghezée, BelgiumKBO/BCE: BE 1005.213.473
Summary

The computed 12-month bankruptcy probability of MAAT is 4.1% (elevated). The 2025 annual accounts show negative equity (-€9,169) and a net result of -€3,461. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+1
Solvency22▼-1
Growth72
Track record82
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 21.9% of total assets, and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-2.9%
Return on assets
-1.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€9,169
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 18-05-2026, 74 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
74 d early
2024
21 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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

History

On 25 January 2024, MAAT was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Turnover
€18,990▲ 71.1%
2024 · €11,100
EBIT margin
58.7%▲ 103.4pp
2024 · -44.6%
Net result
-€3,461▲ 67.7%
2024 · -€10,708
Working capital
-€61,808
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
Line20242025
Turnover€11,100-€18,990▲ 71.1%
Operating result-€4,956-€11,156
Net result-€10,708--€3,461▲ 67.7%
EBIT margin-44.6%-58.7%▲ 103.4pp
Equity-€5,708--€9,169▼ 60.6%
Total assets€324,172-€319,456▼ 1.5%
Debt€329,880-€328,625▼ 0.4%
Working capital-€61,808-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2024: -€4,956-€4,956Net result 2024: -€10,708-€10,708Operating result 2025: €11,156€11,156Net result 2025: -€3,461-€3,46120242025-€20,000-€10,000€0€10,000Operating result 2024: -€4,956-€4,960Net result 2024: -€10,708-€10,700Operating result 2025: €11,156€11,200Net result 2025: -€3,461-€3,46020242025
The operating result returns to profit in 2025: €11,156 after a loss of €4,956 in 2024.
Key figures and ratios
2025 value · change against 2024
EBITDA
€19,682▲
2024 · €8,602
Cash flow
€5,065▲
2024 · €2,850
Solvency
-2.9%▼
2024 · -1.8%
Debt to equity
-35.84▲
2024 · -57.79
ROA
-1.1%▲
2024 · -3.3%
Interest coverage
1.35▼
2024 · 1.50
Debt ≤ 1 year
€69,882▲
2024 · €62,038
Debt > 1 year
€258,743▼
2024 · €267,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,554 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.1% went bankrupt
3.5% stopped otherwise
91% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,554 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€324,172€319,456▼
Fixed assets21/28€323,942€319,456▼
Tangible fixed assets22/27€323,942€319,456▼
Land and buildings22€323,942€319,456▼
Current assets29/58€230-
Cash at bank and in hand54/58€230-
Equity and liabilities
Total equity and liabilities10/49€324,172€319,456▼
Equity10/15-€5,708-€9,169▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€10,708-€14,169▼
Amounts payable17/49€329,880€328,625▼
Amounts payable after more than one year17€267,842€258,743▼
Financial debts170/4€267,842€258,743▼
Amounts payable within one year42/48€62,038€69,882▲
Current portion of amounts payable after more than one year42€9,372€9,838▲
Financial debts43-€4,045
Other loans439-€4,045
Trade debts44-€3,038
Suppliers440/4-€3,038
Other amounts payable47/48€52,666€52,961▲
Income statement Code20242025
Turnover70€11,100€18,990▲
Goods, raw materials, services and sundry goods60/61€2,110€1,794▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,558€8,526▼
Other operating charges640/8€387€2,380▲
Gross operating margin9900€8,989€22,062▲
Operating profit (loss)9901-€4,956€11,156▲
Financial charges65/66B€5,752€14,617▲
Recurring financial charges65€5,752€14,617▲
Profit (loss) for the period before taxes9903-€10,708-€3,461▲
Profit (loss) for the period9904-€10,708-€3,461▲
Profit (loss) for the period to be appropriated9905-€10,708-€3,461▲
Appropriation of the result
Profit (loss) to be appropriated9906-€10,708-€14,169▼
Profit (loss) brought forward from the previous period14P--€10,708

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Turnover70€11,100€18,990▲ 71.1%
Goods, raw materials, services and sundry goods60/61€2,110€1,794▼ 15.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,558€8,526▼ 37.1%
Other operating charges640/8€387€2,380▲ 515%
Gross operating margin9900€8,989€22,062▲ 145%
Operating profit (loss)9901-€4,956€11,156▲ 325%
Financial charges65/66B€5,752€14,617▲ 154%
Recurring financial charges65€5,752€14,617▲ 154%
Profit (loss) for the period before taxes9903-€10,708-€3,461▲ 67.7%
Profit (loss) for the period9904-€10,708-€3,461▲ 67.7%
Profit (loss) for the period to be appropriated9905-€10,708-€3,461▲ 67.7%
Line20242025Change
Assets
Total assets20/58€324,172€319,456▼ 1.5%
Fixed assets21/28€323,942€319,456▼ 1.4%
Tangible fixed assets22/27€323,942€319,456▼ 1.4%
Land and buildings22€323,942€319,456▼ 1.4%
Current assets29/58€230--
Cash at bank and in hand54/58€230--
Equity and liabilities
Total equity and liabilities10/49€324,172€319,456▼ 1.5%
Equity10/15-€5,708-€9,169▼ 60.6%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€10,708-€14,169▼ 32.3%
Amounts payable17/49€329,880€328,625▼ 0.4%
Amounts payable after more than one year17€267,842€258,743▼ 3.4%
Financial debts170/4€267,842€258,743▼ 3.4%
Amounts payable within one year42/48€62,038€69,882▲ 12.6%
Current portion of amounts payable after more than one year42€9,372€9,838▲ 5.0%
Financial debts43-€4,045-
Other loans439-€4,045-
Trade debts44-€3,038-
Suppliers440/4-€3,038-
Other amounts payable47/48€52,666€52,961▲ 0.6%
Line20242025Change
Profit (loss) for the period9904-€10,708-€3,461▲ 67.7%
+ Depreciation and write-downs630€13,558€8,526▼ 37.1%
Operating cash flow (approximation)€2,850€5,065▲ 77.7%
Investment in fixed assets (approximation)--€4,040-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Eghezée · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,068 m²
Building footprint
88 m²
Parcel 92035A0703/00A000, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
MAAT
Rue de la Gare 4, 5310 EghezéeRenting and operating of own or leased residential real estate, excluding social housing
since 20242.358.800.369
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92035A0703/00A000 Wallonia 1,068 m² 1 · 88 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded25-01-2024
Fiscal year end31-12
Contact
E-mail ma_non140915@hotmail.com
Phone +32474319822
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.