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Maemae

Active
Private limited companyfounded 20242 years activeSportstraat 314, 9000 Gent, BelgiumKBO/BCE: BE 1012.048.708
Summary

The computed 12-month bankruptcy probability of Maemae is 1.6% (moderate). The 2025 annual accounts show negative equity (-€23,862) and a net result of -€23,862. Its solvency ranks better than 18% of 13,564 sector peers (NACE 46, fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Financials · fiscal year 2025, micro schema

Equity
-€23,862
Total assets
€288,716
Net result
-€23,862
Working capital
€89,117

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €288,716
Fixed assets €168,021
Current assets €120,695
Equity and liabilities
Equity-€23,862
Debt€312,578
Equity is negative: debt (€312,578) exceeds the balance-sheet total (€288,716).
Key figures and ratios
2025 value
EBITDA
-€3,832
Cash flow
-€6,883
Solvency
-8.3%
Current ratio
3.82
Quick ratio
1.19
ROA
-8.3%
Interest coverage
-1.28
Debt
€312,578
Debt ≤ 1 year
€31,578
Debt > 1 year
€281,000
Income taxes
€66
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a small loss
4.6% went bankrupt
3.6% stopped otherwise
92% 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 1.6% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,555 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€288,716
Fixed assets21/28€168,021
Intangible fixed assets21€168,021
Current assets29/58€120,695
Stocks and contracts in progress3€83,000
Stocks30/36€83,000
Amounts receivable within one year40/41€8,397
Trade receivables40€7,801
Other amounts receivable41€596
Cash at bank and in hand54/58€29,298
Equity and liabilities
Total equity and liabilities10/49€288,716
Equity10/15-€23,862
Profit (loss) carried forward14-€23,862
Amounts payable17/49€312,578
Amounts payable after more than one year17€281,000
Financial debts170/4€281,000
Amounts payable within one year42/48€31,578
Trade debts44€6,237
Suppliers440/4€6,237
Taxes, remuneration and social security45€2,059
Taxes450/3€2,059
Other amounts payable47/48€23,283
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,979
Other operating charges640/8€1,578
Gross operating margin9900-€2,255
Operating profit (loss)9901-€20,812
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€2,985
Recurring financial charges65€2,985
Profit (loss) for the period before taxes9903-€23,796
Income taxes67/77€66
Profit (loss) for the period9904-€23,862
Profit (loss) for the period to be appropriated9905-€23,862
Appropriation of the result
Profit (loss) to be appropriated9906-€23,862

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,979
Other operating charges640/8€1,578
Gross operating margin9900-€2,255
Operating profit (loss)9901-€20,812
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€2,985
Recurring financial charges65€2,985
Profit (loss) for the period before taxes9903-€23,796
Income taxes67/77€66
Profit (loss) for the period9904-€23,862
Profit (loss) for the period to be appropriated9905-€23,862
Line2025
Assets
Total assets20/58€288,716
Fixed assets21/28€168,021
Intangible fixed assets21€168,021
Current assets29/58€120,695
Stocks and contracts in progress3€83,000
Stocks30/36€83,000
Amounts receivable within one year40/41€8,397
Trade receivables40€7,801
Other amounts receivable41€596
Cash at bank and in hand54/58€29,298
Equity and liabilities
Total equity and liabilities10/49€288,716
Equity10/15-€23,862
Profit (loss) carried forward14-€23,862
Amounts payable17/49€312,578
Amounts payable after more than one year17€281,000
Financial debts170/4€281,000
Amounts payable within one year42/48€31,578
Trade debts44€6,237
Suppliers440/4€6,237
Taxes, remuneration and social security45€2,059
Taxes450/3€2,059
Other amounts payable47/48€23,283
Line2025
Profit (loss) for the period9904-€23,862
+ Depreciation and write-downs630€16,979
Operating cash flow (approximation)-€6,883

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,741 companies in this sector we hold annual accounts for 765. See the whole sector