MAEL GROUP
ActiveThe computed 12-month bankruptcy probability of MAEL GROUP is 5.7% (elevated). The 2025 annual accounts show equity of €11k and a net result of €-4k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 474 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-87
Solvency54▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
5.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.88 against 1.32 in 2024; short-term debt: 71.3% and cash: 3.8% of total assets), and 71.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
28.7%
Return on assets
-10.7%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
3 d early
2023
16 d early
2022
4 d late
2021
60 d early
2020
40 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▼ 53.1%
2024 · €24k
2020: €4k
2021: €8k
2022: €8k
2023: €9k
2024: €24k
2020 → 2025
Total assets
€39k▼ 25.7%
2024 · €53k
2020: €25k
2021: €28k
2022: €60k
2023: €72k
2024: €53k
2020 → 2025
Net result
€-4k
2024 · €16k
2020: €-6k
2021: €4k
2022: €5k
2023: €485
2024: €16k
2020 → 2025
Working capital
€-3k
2024 · €9k
2020: €-6k
2021: €-303
2022: €-20k
2023: €-9k
2024: €9k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€8k▲ 1.4%€9k▲ 6.0%€24k▲ 181%€11k▼ 53.1%
Operating result€5k-€8k▲ 73.5%€8k▼ 7.3%€31k▲ 306%€851▼ 97.3%
Net result€4k-€5k▲ 26.6%€485▼ 90.5%€16k▲ 3,276%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39k
Fixed assets
€15k▼ 2.1%
Current assets
€25k▼ 34.9%
Equity and liabilities €39k
Equity
€11k▼ 53.1%
Debt
€28k▼ 2.8%
The debt ratio rises from 54.5% to 71.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1k▼
2024 · €34k
Cash flow
€-4k▼
2024 · €19k
Solvency
28.7%▼
2024 · 45.5%
Current ratio
0.88▼
2024 · 1.32
Quick ratio
0.88▼
2024 · 1.32
Debt / equity
2.49▲
2024 · 1.20
ROE
-37.2%▼
2024 · 68.0%
ROA
-10.7%▼
2024 · 30.9%
Interest coverage
0.22▼
2024 · 5.28
Debt
€28k▼
2024 · €29k
Debt ≤ 1 year
€28k▼
2024 · €29k
Staff costs
€25k▼
2024 · €96k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€53k€39k▼
Fixed assets21/28€15k€15k▼
Tangible fixed assets22/27€916€596▼
Furniture and vehicles24€916€596▼
Financial fixed assets28€14k€14k=
Current assets29/58€38k€25k▼
Amounts receivable within one year40/41€31k€20k▼
Trade receivables40€31k€13k▼
Other amounts receivable41€546€7k▲
Cash at bank and in hand54/58€419€2k▲
Deferred charges and accrued income490/1€6k€3k▼
Equity and liabilities
Total equity and liabilities10/49€53k€39k▼
Equity10/15€24k€11k▼
Contributions10/11€8k€8k=
Profit (loss) carried forward14€16k€3k▼
Amounts payable17/49€29k€28k▼
Amounts payable within one year42/48€29k€28k▼
Trade debts44€6k€11k▲
Suppliers440/4€6k€11k▲
Taxes, remuneration and social security45€22k€8k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€12k-
Other amounts payable47/48€859€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€96k€25k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€320▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€134k€29k▼
Operating profit (loss)9901€31k€851▼
Financial income75/76B€64€195▲
Recurring financial income75€64€195▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€25k€-4k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€16k€-4k▼
Profit (loss) for the period to be appropriated9905€16k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€12k▼
Profit (loss) brought forward from the previous period14P€485€16k▲
Profit to be distributed694/7€859€9k▲
Return on contributions (dividend)694€859€9k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €16k ▲3276%
Operating result €31k, net result €16k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sprimont · 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.
Place du Village(LVG) 124141 SprimontGround area
534 m²
Building footprint
105 m²
Volume, LiDAR
849 m³
Parcel 62067B0286/00N000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAEL GROUP
since 20202.302.052.302
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067B0286/00N000 | Wallonia | 534 m² | 1 · 105 m² | 9.5 m · 3 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,913 companies in sector 53200 we hold annual accounts for 1,329. 939 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2020
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
41001General construction of residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:paquot.michael@hotmail.fr
Phone:+32495914204