MAE®47
ActiveSummary
MAE®47 has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41,149 and a net result of -€3,232. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-73
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 9.03 against 4.77 in 2024; short-term debt: 11.1% and cash: 91% of total assets), and 11.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 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 2025Solvency, return and age of the figures
Solvency
88.9%
Return on assets
-7%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
1 d early
2022
on the day
2021
31 d late
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€41,149▼ 7.3%
2024 · €44,381
Total assets
€46,271▼ 17.4%
2024 · €56,010
Net result
-€3,232
2024 · €6,582
Working capital
€41,149▼ 6.2%
2024 · €43,849
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,677▼ 16.5%€23,489▲ 539%€22,778▼ 3.0%€9,741▼ 57.2%-€3,158
Net result€3,339within the sector's middle half▼ 23.7%€23,489within the sector's middle half▲ 603%€15,852within the sector's middle half▼ 32.5%€6,582within the sector's middle half▼ 58.5%-€3,232below the sector's middle half
Equity-€5,709below the sector's middle half▲ 36.9%€16,980below the sector's middle half€31,999within the sector's middle half▲ 88.4%€44,381within the sector's middle half▲ 38.7%€41,149within the sector's middle half▼ 7.3%
Total assets€53below the sector's middle half▼ 87.4%€44,885below the sector's middle half▲ 85,248%€56,640below the sector's middle half▲ 26.2%€56,010below the sector's middle half▼ 1.1%€46,271below the sector's middle half▼ 17.4%
Debt€5,762▼ 39.1%€27,904▲ 384%€24,641▼ 11.7%€11,629▼ 52.8%€5,122▼ 56.0%
Working capital-€5,709below the sector's middle half▲ 36.9%€15,071within the sector's middle half€30,779within the sector's middle half▲ 104%€43,849within the sector's middle half▲ 42.5%€41,149within the sector's middle half▼ 6.2%
Solvency37.8%within the sector's middle half56.5%within the sector's middle half▲ 18.7pp79.2%within the sector's middle half▲ 22.7pp88.9%above the sector's middle half▲ 9.7pp
Current ratio1.54within the sector's middle half2.25within the sector's middle half▲ 0.714.77above the sector's middle half▲ 2.529.03above the sector's middle half▲ 4.26
Return on assets (ROA)52.3%above the sector's middle half28.0%within the sector's middle half▼ 24.3pp11.8%within the sector's middle half▼ 16.2pp-7.0%below the sector's middle half▼ 18.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,158 after €9,741 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €46,271
Equity
€41,149 ▼ 7.3%
Debt
€5,122 ▼ 56.0%
Debt's share of the balance-sheet total falls from 20.8% to 11.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,626▼
2024 · €10,429
Cash flow
-€2,700▼
2024 · €7,270
Debt to equity
0.12▼
2024 · 0.26
ROE
-7.9%▼
2024 · 14.8%
Interest coverage
-35.43▼
2024 · 59.82
Debt ≤ 1 year
€5,122▼
2024 · €11,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,910 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €157 | €688 | €688 | €532 | ▼ 22.7% |
| Other operating charges640/8 | - | €62 | €1,355 | €524 | €527 | ▲ 0.6% |
| Gross operating margin9900 | €3,677 | €23,708 | €24,821 | €10,953 | -€2,099 | ▼ 119% |
| Operating profit (loss)9901 | €3,677 | €23,489 | €22,778 | €9,741 | -€3,158 | ▼ 132% |
| Financial income75/76B | - | - | €5 | €35 | - | - |
| Recurring financial income75 | - | - | €5 | €35 | - | - |
| Financial charges65/66B | €337 | - | €596 | €174 | €74 | ▼ 57.5% |
| Recurring financial charges65 | €337 | - | €596 | €174 | €74 | ▼ 57.5% |
| Profit (loss) for the period before taxes9903 | €3,339 | €23,489 | €22,187 | €9,601 | -€3,232 | ▼ 134% |
| Income taxes67/77 | - | - | €6,335 | €3,019 | - | - |
| Profit (loss) for the period9904 | €3,339 | €23,489 | €15,852 | €6,582 | -€3,232 | ▼ 149% |
| Profit (loss) for the period to be appropriated9905 | €3,339 | €23,489 | €15,852 | €6,582 | -€3,232 | ▼ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53 | €44,885 | €56,640 | €56,010 | €46,271 | ▼ 17.4% |
| Fixed assets21/28 | - | €1,909 | €1,220 | €532 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | €1,909 | €1,220 | €532 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €1,909 | €1,220 | €532 | €0 | ▼ 100% |
| Current assets29/58 | €53 | €42,976 | €55,420 | €55,478 | €46,271 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €53 | €15,135 | €25,423 | €21,765 | €3,981 | ▼ 81.7% |
| Trade receivables40 | - | €15,135 | €11,132 | €17,784 | - | - |
| Other amounts receivable41 | €53 | - | €14,291 | €3,981 | €3,981 | = |
| Cash at bank and in hand54/58 | - | €27,830 | €29,996 | €33,541 | €42,123 | ▲ 25.6% |
| Deferred charges and accrued income490/1 | - | €11 | - | €172 | €168 | ▼ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53 | €44,885 | €56,640 | €56,010 | €46,271 | ▼ 17.4% |
| Equity10/15 | -€5,709 | €16,980 | €31,999 | €44,381 | €41,149 | ▼ 7.3% |
| Contributions10/11 | €12,800 | €12,800 | €12,800 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €4,180 | €19,199 | €25,781 | €22,549 | ▼ 12.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €2,320 | €19,199 | €25,781 | €22,549 | ▼ 12.5% |
| Profit (loss) carried forward14 | -€20,369 | - | - | - | - | - |
| Amounts payable17/49 | €5,762 | €27,904 | €24,641 | €11,629 | €5,122 | ▼ 56.0% |
| Amounts payable within one year42/48 | €5,762 | €27,904 | €24,641 | €11,629 | €5,122 | ▼ 56.0% |
| Trade debts44 | €1,278 | €7,651 | €3,138 | €4,448 | €588 | ▼ 86.8% |
| Suppliers440/4 | €1,278 | €7,651 | €3,138 | €4,448 | €588 | ▼ 86.8% |
| Taxes, remuneration and social security45 | €71 | €12,654 | €6,645 | €3,479 | €827 | ▼ 76.2% |
| Taxes450/3 | €71 | €7,422 | €3,812 | €613 | €827 | ▲ 35.0% |
| Remuneration and social security454/9 | - | €5,232 | €2,832 | €2,867 | - | - |
| Other amounts payable47/48 | €4,413 | €7,599 | €14,858 | €3,702 | €3,707 | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,339 | €23,489 | €15,852 | €6,582 | -€3,232 | ▼ 149% |
| + Depreciation and write-downs630 | - | €157 | €688 | €688 | €532 | ▼ 22.7% |
| Operating cash flow (approximation) | €3,339 | €23,646 | €16,540 | €7,270 | -€2,700 | ▼ 137% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | €2,166 | €3,545 | €8,581 | ▲ 142% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€3,232
Net result drops to -€3,232, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.77
Current ratio from 2.25 to 4.77; short-term debt falls from €24,641 to €11,629.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €23,489 ▲603%
Operating result €23,489, net result €23,489, both a record.
31-12
Financial
Liquidity times 169current ratio 1.54
Current ratio from 0.01 to 1.54.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €4,377
Net result €4,377 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Zonhoven · 1 establishment unit since 2012
Ground area
922 m²
Building footprint
149 m²
Volume, LiDAR
858 m³
Parcel 71443F0757/00L009, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAE®47
since 20122.209.873.596
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0757/00L009 | Flanders | 922 m² | 1 · 149 m² | 7.7 m · 2 fl. |
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.
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BE 1013.244.776
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 36,937 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
Founded24-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
73110Advertising agencies
73120Media representation
73200Market research and public opinion polling
73300Public relations and communication consultancy
Contact
E-mail
myriam.vanheusden@telenet.beZonhoven
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846325889
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.