MAE concept
ActiveSummary
The computed 12-month bankruptcy probability of MAE concept is 4.3% (elevated). The 2024 annual accounts show negative equity (€-73k) and a net result of €-24k. Equity is shrinking by ~55.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-6
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.5 in 2023; short-term debt: 472.5% and cash: 6.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-372.5%
Return on assets
-123.6%
Age of the figures
21 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-73k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
61 d late
2022
31 d late
2021
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-73k▼ 49.8%
2023 · €-48k
Total assets
€19k▼ 60.3%
2023 · €49k
Net result
€-24k▼ 289%
2023 · €-6k
Working capital
€-73k▼ 49.8%
2023 · €-48k
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
Line2021202220232024
Operating result€-1k-€-50k▼ 4,327%€-6k▲ 88.4%€-27k▼ 369%
Net result€-4k-€-48k▼ 1,074%€-6k▲ 87.1%€-24k▼ 289%
Equity€6k-€-42k€-48k▼ 14.7%€-73k▼ 49.8%
Total assets€37k-€39k▲ 7.0%€49k▲ 24.9%€19k▼ 60.3%
Debt€31k-€82k▲ 165%€98k▲ 19.6%€92k▼ 5.6%
Working capital€6k-€-42k€-48k▼ 14.7%€-73k▼ 49.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2024 against €6k in 2023; the loss grows.
Key figures and ratios
Solvency
-372.5%▼
2023 · -98.7%
Current ratio
0.21▼
2023 · 0.50
Quick ratio
0.12▼
2023 · 0.13
Debt to equity
-1.27▲
2023 · -2.01
ROA
-123.6%▼
2023 · -12.6%
Debt ≤ 1 year
€92k▼
2023 · €98k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €100 | €0 | €44 | - |
| Gross operating margin9900 | €-1k | €-50k | €-6k | €-27k | ▼ 368% |
| Operating profit (loss)9901 | €-1k | €-50k | €-6k | €-27k | ▼ 369% |
| Financial income75/76B | €326 | €106 | €16 | €4k | ▲ 24,045% |
| Recurring financial income75 | €326 | €106 | €16 | €4k | ▲ 24,045% |
| Financial charges65/66B | €3k | €-1k | €466 | €1k | ▲ 121% |
| Recurring financial charges65 | €3k | €-1k | €466 | €1k | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €-4k | €-48k | €-6k | €-24k | ▼ 289% |
| Profit (loss) for the period9904 | €-4k | €-48k | €-6k | €-24k | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-48k | €-6k | €-24k | ▼ 289% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €37k | €39k | €49k | €19k | ▼ 60.3% |
| Current assets29/58 | €37k | €39k | €49k | €19k | ▼ 60.3% |
| Stocks and contracts in progress3 | €36k | €37k | €37k | €9k | ▼ 76.1% |
| Stocks30/36 | €36k | €37k | €37k | €9k | ▼ 76.1% |
| Amounts receivable within one year40/41 | €526 | €844 | €1k | €9k | ▲ 517% |
| Trade receivables40 | €500 | €0 | €1k | €9k | ▲ 572% |
| Other amounts receivable41 | €26 | €844 | €171 | €323 | ▲ 89.3% |
| Cash at bank and in hand54/58 | €396 | €2k | €11k | €1k | ▼ 88.2% |
| Deferred charges and accrued income490/1 | €32 | €45 | €2 | €226 | ▲ 10,695% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €37k | €39k | €49k | €19k | ▼ 60.3% |
| Equity10/15 | €6k | €-42k | €-48k | €-73k | ▼ 49.8% |
| Contributions10/11 | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-4k | €-52k | €-58k | €-83k | ▼ 41.3% |
| Amounts payable17/49 | €31k | €82k | €98k | €92k | ▼ 5.6% |
| Amounts payable within one year42/48 | €31k | €82k | €98k | €92k | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | €1k | €1k | €0 | - | - |
| Financial debts43 | €111 | €188 | €0 | €429 | - |
| Credit institutions430/8 | €111 | €188 | €0 | €429 | - |
| Trade debts44 | €3k | €21k | €0 | €538 | - |
| Suppliers440/4 | €3k | €21k | €0 | €538 | - |
| Taxes, remuneration and social security45 | €3k | €0 | - | - | - |
| Taxes450/3 | €3k | €0 | - | - | - |
| Other amounts payable47/48 | €24k | €59k | €98k | €91k | ▼ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-48k | €-6k | €-24k | ▼ 289% |
| Operating cash flow (approximation) | €-4k | €-48k | €-6k | €-24k | ▼ 289% |
| Change in cash | - | €1k | €9k | €-9k | ▼ 203% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Boutersem · 1 establishment unit since 2020
Ground area
1,228 m²
Building footprint
198 m²
Volume, LiDAR
1,044 m³
Parcel 24131A0519/00E000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAE concept
since 20202.298.297.214
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24131A0519/00E000 | Flanders | 1,228 m² | 1 · 198 m² | 8.1 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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Of 6,498 companies in sector 47716 we hold annual accounts for 2,438. 989 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
Founded21-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.