Summary
MAESTRO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,452 and a net result of €2,594. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 0.5% (low).
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Signals
This company filed its last 7 accounts on average 164 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €2,326 | - |
| Other operating charges640/8 | €120 | €159 | €132 | €368 | €144 | ▼ 60.8% |
| Gross operating margin9900 | -€1,120 | -€690 | -€591 | -€811 | €2,988 | ▲ 468% |
| Operating profit (loss)9901 | -€1,240 | -€848 | -€723 | -€1,179 | €2,844 | ▲ 341% |
| Profit (loss) for the period before taxes9903 | -€1,240 | -€848 | -€723 | -€1,179 | €2,844 | ▲ 341% |
| Income taxes67/77 | - | - | - | - | €250 | - |
| Profit (loss) for the period9904 | -€1,240 | -€848 | -€723 | -€1,179 | €2,594 | ▲ 320% |
| Profit (loss) for the period to be appropriated9905 | -€1,240 | -€848 | -€723 | -€1,179 | €2,594 | ▲ 320% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,334 | €97,486 | €96,763 | €95,584 | €103,452 | ▲ 8.2% |
| Current assets29/58 | €98,334 | €97,486 | €96,763 | €95,584 | €103,452 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €98,334 | €97,486 | €96,763 | €95,584 | €103,452 | ▲ 8.2% |
| Other amounts receivable41 | €98,334 | €97,486 | €96,763 | €95,584 | €103,452 | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,334 | €97,486 | €96,763 | €95,584 | €103,452 | ▲ 8.2% |
| Equity10/15 | €98,334 | €97,486 | €96,763 | €95,584 | €103,452 | ▲ 8.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €21,518 | €21,518 | €21,518 | €21,518 | €26,792 | ▲ 24.5% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €15,368 | €15,368 | €15,368 | €15,368 | €20,642 | ▲ 34.3% |
| Profit (loss) carried forward14 | €15,317 | €14,468 | €13,745 | €12,566 | €15,160 | ▲ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,240 | -€848 | -€723 | -€1,179 | €2,594 | ▲ 320% |
| Operating cash flow (approximation) | -€1,240 | -€848 | -€723 | -€1,179 | €2,594 | ▲ 320% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1779/00P000 | Flanders | 152 m² | 1 · 164 m² | 20.3 m · 6 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.