MAEHL COUNSEL
ActiveThe computed 12-month bankruptcy probability of MAEHL COUNSEL is 2.5% (moderate). The 2024 annual accounts show equity of €2k and a net result of €111k. Equity is shrinking by ~25.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 14% of 8969 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
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency27=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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
1.7%
Return on assets
80.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8969 sector peers (2024).
NBB · sector comparisonPosition among 8969 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
2 d late
2022
10 d late
2021
24 d late
2020
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 15.2%
2023 · €3k
2020: €22k
2021: €62k
2022: €151k
2023: €3k
2020 → 2024
Total assets
€137k▲ 18.7%
2023 · €116k
2020: €33k
2021: €78k
2022: €189k
2023: €116k
2020 → 2024
Net result
€111k▲ 15.4%
2023 · €96k
2020: €20k
2021: €40k
2022: €89k
2023: €96k
2020 → 2024
Working capital
€114▼ 94.7%
2023 · €2k
2020: €22k
2021: €63k
2022: €152k
2023: €2k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€22k-€62k▲ 188%€151k▲ 143%€3k▼ 98.2%€2k▼ 15.2%
Operating result€27k-€50k▲ 84.1%€111k▲ 121%€121k▲ 8.8%€139k▲ 15.2%
Net result€20k-€40k▲ 107%€89k▲ 120%€96k▲ 7.8%€111k▲ 15.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 15% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137k
Fixed assets
€8k▲ 236%
Current assets
€129k▲ 14.0%
Equity and liabilities €137k
Equity
€2k▼ 15.2%
Debt
€135k▲ 19.6%
The debt ratio rises from 97.6% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€140k▲
2023 · €121k
Cash flow
€112k▲
2023 · €96k
Solvency
1.7%▼
2023 · 2.4%
Current ratio
1.00▼
2023 · 1.02
Quick ratio
1.00▼
2023 · 1.02
Debt / equity
57.49▲
2023 · 40.78
ROA
80.5%▼
2023 · 82.8%
Interest coverage
151.72▼
2023 · 789.86
Debt
€135k▲
2023 · €113k
Debt ≤ 1 year
€129k▲
2023 · €111k
Income taxes
€31k▲
2023 · €26k
A ratio outside any meaningful range has been withheld (balance sheet total €137k, equity €2k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€116k€137k▲
Fixed assets21/28€2k€8k▲
Tangible fixed assets22/27€2k€8k▲
Furniture and vehicles24€2k€7k▲
Other tangible fixed assets26-€1k
Current assets29/58€113k€129k▲
Amounts receivable within one year40/41€39k€40k▲
Trade receivables40-€46
Other amounts receivable41€39k€40k▲
Cash at bank and in hand54/58€74k€87k▲
Deferred charges and accrued income490/1€99€1k▲
Equity and liabilities
Total equity and liabilities10/49€116k€137k▲
Equity10/15€3k€2k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€770€349▼
Amounts payable17/49€113k€135k▲
Amounts payable within one year42/48€111k€129k▲
Trade debts44-€115
Suppliers440/4-€115
Taxes, remuneration and social security45€27k€35k▲
Taxes450/3€27k€35k▲
Other amounts payable47/48€84k€94k▲
Accrued charges and deferred income492/3€2k€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€390€1k▲
Other operating charges640/8€384€387▲
Gross operating margin9900€122k€141k▲
Operating profit (loss)9901€121k€139k▲
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€153€926▲
Recurring financial charges65€153€926▲
Profit (loss) for the period before taxes9903€122k€141k▲
Income taxes67/77€26k€31k▲
Profit (loss) for the period9904€96k€111k▲
Profit (loss) for the period to be appropriated9905€96k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€245k€111k▼
Profit (loss) brought forward from the previous period14P€149k€770▼
Profit to be distributed694/7€244k€111k▼
Return on contributions (dividend)694€244k€111k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €111k ▲15.4%
Operating result €139k, net result €111k, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Equity above €150kEq €151k ▲143%
3 profitable years in a row build equity to €151k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Vorst · 1 establishment unit since 2020
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.
O. Van Goidtsnovenlaan 591190 VorstGround area
272 m²
Building footprint
101 m²
Volume, LiDAR
1,615 m³
Parcel 21383B0035/00R014, Brussels · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
COUAC Consulting Company
since 20202.306.670.490
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0035/00R014 | Brussels | 272 m² | 1 · 101 m² | 19.1 m · 5 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.
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Of 13,426 companies in sector 73300 we hold annual accounts for 6,900. 1,609 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2020
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.