MAELSTROM
ActiveThe computed 12-month bankruptcy probability of MAELSTROM is 3.6% (moderate). The 2025 annual accounts show negative equity (€-39k) and a net result of €-8k. Equity is shrinking by ~46% per year across the filed fiscal years. Its solvency ranks better than 5% of 18207 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.16 in 2024; short-term debt: 380% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 2025Solvency, return and age of the figures
Solvency
-286.8%
Return on assets
-61.5%
Age of the figures
9 mo
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-39k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
168 d late
2023
9 d late
2022
32 d late
2021
23 d early
2020
31 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k▼ 27.3%
2024 · €-31k
2020: €-108
2021: €2k
2022: €-15k
2023: €-20k
2024: €-31k
2020 → 2025
Total assets
€14k▲ 68.4%
2024 · €8k
2020: €47k
2021: €59k
2022: €14k
2023: €5k
2024: €8k
2020 → 2025
Net result
€-8k▲ 23.1%
2024 · €-11k
2020: €-2k
2021: €2k
2022: €-17k
2023: €-5k
2024: €-11k
2020 → 2025
Working capital
€-38k▼ 19.9%
2024 · €-32k
2020: €7k
2021: €5k
2022: €-14k
2023: €-21k
2024: €-32k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€-15k€-20k▼ 31.8%€-31k▼ 55.0%€-39k▼ 27.3%
Operating result€4k-€-16k€-4k▲ 72.5%€-11k▼ 139%€-8k▲ 23.7%
Net result€2k-€-17k€-5k▲ 72.4%€-11k▼ 128%€-8k▲ 23.1%
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 €8k in 2025 against €11k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-286.8%▲
2024 · -379.6%
Current ratio
0.26▲
2024 · 0.16
Quick ratio
0.15▼
2024 · 0.16
Debt / equity
-1.35▼
2024 · -1.26
ROA
-61.5%▲
2024 · -134.7%
Debt
€53k▲
2024 · €39k
Debt ≤ 1 year
€52k▲
2024 · €38k
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€8k€14k▲
Fixed assets21/28€2k-
Tangible fixed assets22/27€369-
Plant, machinery and equipment23€369-
Financial fixed assets28€1k-
Current assets29/58€6k€14k▲
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€4k€8k▲
Trade receivables40€4k€8k▲
Other amounts receivable41-€51
Cash at bank and in hand54/58€2k€1▼
Equity and liabilities
Total equity and liabilities10/49€8k€14k▲
Equity10/15€-31k€-39k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-32k€-41k▼
Amounts payable17/49€39k€53k▲
Amounts payable within one year42/48€38k€52k▲
Trade debts44€5k€13k▲
Suppliers440/4€5k€13k▲
Taxes, remuneration and social security45€727-
Taxes450/3€727-
Other amounts payable47/48€33k€39k▲
Accrued charges and deferred income492/3€725€927▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€443-
Other operating charges640/8€665€2k▲
Non-recurring operating charges66A-€369
Gross operating margin9900€-10k€-6k▲
Operating profit (loss)9901€-11k€-8k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€252€255▲
Recurring financial charges65€252€255▲
Profit (loss) for the period before taxes9903€-11k€-8k▲
Profit (loss) for the period9904€-11k€-8k▲
Profit (loss) for the period to be appropriated9905€-11k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-41k▼
Profit (loss) brought forward from the previous period14P€-21k€-32k▼
The notes to these accounts (4 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 168 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-17k ▼819%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-02-2025
Resigned as Director
Location & real-estate footprint
Registered office, Waimes · 1 establishment unit since 2019
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.
Champagne 784950 WaimesGround area
364 m²
Building footprint
345 m²
Volume, LiDAR
1,710 m³
2 parcels, Wallonia · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MAELSTROM
since 20192.295.123.334
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080C0100/00D000 | Wallonia | 292 m² | 1 · 320 m² | 14.1 m · 1 fl. |
| 63049C0526/00A000 | Wallonia | 72 m² | 1 · 25 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalmedy2.295.123.334
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SAM LEIRENS IT CONSULTANCY
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Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 421 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-10-2019
Fiscal year end31-12
Abbreviation FR
MAOM
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
47610Retail trade
47793Retail sale of other second-hand goods, excluding clothing
56309Food and beverage service activities
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
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.