MAETON
ActiveSummary
The computed 12-month bankruptcy probability of MAETON is 1.7% (moderate). The 2025 annual accounts show equity of €85k and a net result of €5k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 18400 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-40
Solvency71▲+7
Growth78=
Track record82
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.43 in 2024; short-term debt: 32.2% and cash: 9.4% of total assets), and 53.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.4%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
27 d late
2024
53 d late
2023
68 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 5.8%
2024 · €80k
2023: €43klowest in 3 years
2024: €80k▲ +87.5% vs 2023
2025: €85k▲ +5.8% vs 2024highest in 3 years
2023 → 2025
Total assets
€182k▼ 11.4%
2024 · €206k
2023: €184k
2024: €206k▲ +11.6% vs 2023highest in 3 years
2025: €182k▼ -11.4% vs 2024lowest in 3 years
2023 → 2025
Net result
€5k▼ 87.7%
2024 · €37k
2023: €3klowest in 3 years
2024: €37k▲ +1294% vs 2023highest in 3 years
2025: €5k▼ -87.7% vs 2024
2023 → 2025
Working capital
€23k▼ 20.7%
2024 · €29k
2023: €-46lowest in 3 years
2024: €29k▲ +63228% vs 2023highest in 3 years
2025: €23k▼ -20.7% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€43k-€80k▲ 87.5%€85k▲ 5.8%
2023: €43klowest in 3 years
2024: €80k▲ +87.5% vs 2023
2025: €85k▲ +5.8% vs 2024highest in 3 years
Operating result€6k-€53k▲ 762%€10k▼ 81.3%
2023: €6klowest in 3 years
2024: €53k▲ +762% vs 2023highest in 3 years
2025: €10k▼ -81.3% vs 2024
Net result€3k-€37k▲ 1,294%€5k▼ 87.7%
2023: €3klowest in 3 years
2024: €37k▲ +1294% vs 2023highest in 3 years
2025: €5k▼ -87.7% vs 2024
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 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182k
Fixed assets
€100k ▼ 7.7%
Current assets
€82k ▼ 15.5%
Equity and liabilities €182k
Equity
€85k ▲ 5.8%
Debt
€98k ▼ 22.3%
Debt's share of the balance-sheet total falls from 61.1% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €65k
Cash flow
€16k▼
2024 · €49k
Current ratio
1.40▼
2024 · 1.43
Quick ratio
0.36▼
2024 · 0.62
Debt to equity
1.15▼
2024 · 1.57
ROE
5.4%▼
2024 · 46.7%
ROA
2.5%▼
2024 · 18.2%
Interest coverage
3.55▼
2024 · 8.27
Debt ≤ 1 year
€59k▼
2024 · €68k
Debt > 1 year
€39k▼
2024 · €58k
Income taxes
€1k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€206k€182k▼
Fixed assets21/28€109k€100k▼
Intangible fixed assets21€85k€75k▼
Tangible fixed assets22/27€23k€25k▲
Land and buildings22€23k€22k▼
Furniture and vehicles24-€3k
Current assets29/58€97k€82k▼
Stocks and contracts in progress3€55k€61k▲
Stocks30/36€55k€61k▲
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€41-
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€37k€17k▼
Deferred charges and accrued income490/1€619€2k▲
Equity and liabilities
Total equity and liabilities10/49€206k€182k▼
Equity10/15€80k€85k▲
Contributions10/11€40k€40k=
Profit (loss) carried forward14€40k€45k▲
Amounts payable17/49€126k€98k▼
Amounts payable after more than one year17€58k€39k▼
Financial debts170/4€58k€39k▼
Amounts payable within one year42/48€68k€59k▼
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Advances received on contracts in progress46€50-
Taxes, remuneration and social security45€13k€4k▼
Taxes450/3€13k€4k▼
Other amounts payable47/48€35k€32k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€781€801▲
Gross operating margin9900€66k€22k▼
Operating profit (loss)9901€53k€10k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€47k€6k▼
Income taxes67/77€10k€1k▼
Profit (loss) for the period9904€37k€5k▼
Profit (loss) for the period to be appropriated9905€37k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€45k▲
Profit (loss) brought forward from the previous period14P€3k€40k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €12k | €12k | ▼ 3.0% |
| Other operating charges640/8 | €384 | €781 | €801 | ▲ 2.5% |
| Gross operating margin9900 | €12k | €66k | €22k | ▼ 65.9% |
| Operating profit (loss)9901 | €6k | €53k | €10k | ▼ 81.3% |
| Financial income75/76B | €22 | €2k | €2k | ▼ 2.5% |
| Recurring financial income75 | €22 | €2k | €2k | ▼ 2.5% |
| Financial charges65/66B | €3k | €8k | €6k | ▼ 22.4% |
| Recurring financial charges65 | €3k | €8k | €6k | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €3k | €47k | €6k | ▼ 87.3% |
| Income taxes67/77 | €678 | €10k | €1k | ▼ 86.1% |
| Profit (loss) for the period9904 | €3k | €37k | €5k | ▼ 87.7% |
| Profit (loss) for the period to be appropriated9905 | €3k | €37k | €5k | ▼ 87.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €184k | €206k | €182k | ▼ 11.4% |
| Formation expenses20 | €812 | - | - | - |
| Fixed assets21/28 | €120k | €109k | €100k | ▼ 7.7% |
| Intangible fixed assets21 | €95k | €85k | €75k | ▼ 11.7% |
| Tangible fixed assets22/27 | €25k | €23k | €25k | ▲ 7.1% |
| Land and buildings22 | €25k | €23k | €22k | ▼ 5.3% |
| Furniture and vehicles24 | - | - | €3k | - |
| Current assets29/58 | €64k | €97k | €82k | ▼ 15.5% |
| Stocks and contracts in progress3 | €43k | €55k | €61k | ▲ 9.9% |
| Stocks30/36 | €43k | €55k | €61k | ▲ 9.9% |
| Amounts receivable within one year40/41 | €9 | €4k | €3k | ▼ 37.2% |
| Trade receivables40 | - | €41 | - | - |
| Other amounts receivable41 | €9 | €4k | €3k | ▼ 36.6% |
| Cash at bank and in hand54/58 | €20k | €37k | €17k | ▼ 53.9% |
| Deferred charges and accrued income490/1 | €1k | €619 | €2k | ▲ 153% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €184k | €206k | €182k | ▼ 11.4% |
| Equity10/15 | €43k | €80k | €85k | ▲ 5.8% |
| Contributions10/11 | €40k | €40k | €40k | = |
| Profit (loss) carried forward14 | €3k | €40k | €45k | ▲ 11.5% |
| Amounts payable17/49 | €142k | €126k | €98k | ▼ 22.3% |
| Amounts payable after more than one year17 | €76k | €58k | €39k | ▼ 32.8% |
| Financial debts170/4 | €76k | €58k | €39k | ▼ 32.8% |
| Amounts payable within one year42/48 | €64k | €68k | €59k | ▼ 13.3% |
| Current portion of amounts payable after more than one year42 | €17k | €18k | €19k | ▲ 4.5% |
| Trade debts44 | €33k | €1k | €4k | ▲ 177% |
| Suppliers440/4 | €33k | €1k | €4k | ▲ 177% |
| Advances received on contracts in progress46 | - | €50 | - | - |
| Taxes, remuneration and social security45 | €6k | €13k | €4k | ▼ 70.1% |
| Taxes450/3 | €6k | €13k | €4k | ▼ 70.1% |
| Other amounts payable47/48 | €7k | €35k | €32k | ▼ 9.7% |
| Accrued charges and deferred income492/3 | €2k | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €37k | €5k | ▼ 87.7% |
| + Depreciation and write-downs630 | €5k | €12k | €12k | ▼ 3.0% |
| Operating cash flow (approximation) | €8k | €49k | €16k | ▼ 67.0% |
| Investment in fixed assets (approximation) | - | €-812 | €-3k | ▼ 314% |
| Change in cash | - | €17k | €-20k | ▼ 216% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2023net €37k ▲1,294%
Operating result €53k, net result €37k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Koksijde · 1 establishment unit since 2023
Ground area
817 m²
Building footprint
384 m²
Volume, LiDAR
2,565 m³
2 parcels, Flanders · tallest building 23.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Utopia
since 20232.350.396.211
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502G0076/00_000 | Flanders | 446 m² | 1 · 203 m² | 23.1 m · 6 fl. |
| 38502G0208/00F000 | Flanders | 371 m² | 1 · 181 m² | 9.7 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SEREMI
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HOSSA COMMUNICATIONS
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Of 1,393 companies in sector 47784 we hold annual accounts for 428. 342 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
46422Wholesale trade
47714Retail trade
68110Buying and selling of own real estate
Contact
E-mail
tony.vandenbroucke@telenet.beKoksijde
Scores and ratios are computed by Checked and are not a credit decision.