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MAEVABEL

Inactive
KBO/BCE: BE 0452.647.728

MAEVABEL was declared bankrupt on 24-11-2021 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 05-06-2025, published in the Belgian Official Gazette on 24-07-2025.

Summary

Inactive; last annual accounts for financial year 2020.

MAEVABELInactive

Financials · financial year 2020, micro format

2020 annual accounts filed late (110 days) Filed on 18 November 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-77700313.

Turnover
€9,308▼ 91.3%
2019 · €106,991
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€37,201
2019 · €28,640
Working capital
-€12,134
2019 · €7,034
Trend over the years

2018 to 2020, 3 financial years 2018 to 2020, 3 financial years

The operating result turns negative in 2020: a loss of €40,367 after €43,540 in 2019, the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€9,308 2020 Operating result-€40,367 2020 Net result-€37,201 2020

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020
Turnover€99,275-€106,991▲ 7.8%€9,308▼ 91.3%
Operating result€19,370-€43,540▲ 125%-€40,367
Net result€12,516-€28,640▲ 129%-€37,201
Equity€11,127-€39,767▲ 257%€2,565▼ 93.5%
Total assets€34,727-€111,690▲ 222%€38,398▼ 65.6%
Debt€23,600-€71,923▲ 205%€35,832▼ 50.2%
Working capital€1,860-€7,034▲ 278%-€12,134
Staff (FTE)0.7-0.4▼ 42.9%
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €38,398
Fixed assets €14,700 ▼ 55.1%
Current assets €23,698 ▼ 70.0%
Equity and liabilities €38,398
Equity €2,565 ▼ 93.5%
Debt €35,832 ▼ 50.2%
Debt's share of the balance-sheet total rises from 64.4% to 93.3%. Equity and debt are lower.
Key figures and ratios
2020 value · change against 2019
EBITDA
-€22,333▼
2019 · €61,573
Cash flow
-€19,168▼
2019 · €46,674
Current ratio
0.66▼
2019 · 1.10
ROA
-96.9%▼
2019 · 25.6%
Debt ≤ 1 year
€35,832▼
2019 · €71,923
A ratio outside any meaningful range has been withheld (balance sheet total €38,398, equity €2,565).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 24 lines
Balance sheet Code20192020
Assets
Total assets20/58€111,690€38,398▼
Fixed assets21/28€32,733€14,700▼
Tangible fixed assets22/27€32,733€14,700▼
Current assets29/58€78,957€23,698▼
Amounts receivable within one year40/41€78,892€23,657▼
Cash at bank and in hand54/58€24-
Equity and liabilities
Total equity and liabilities10/49€111,690€38,398▼
Equity10/15€39,767€2,565▼
Contributions10/11€18,592€18,592=
Reserves13€1,859€1,859=
Profit (loss) carried forward14€19,316-€17,886▼
Amounts payable17/49€71,923€35,832▼
Amounts payable within one year42/48€71,923€35,832▼
Trade debts44€44,203€1,721▼
Income statement Code20192020
Turnover70€106,991€9,308▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,033€18,033=
Gross operating margin9900€78,668€5,341▼
Operating profit (loss)9901€43,540-€40,367▼
Recurring financial income75-€3,224
Recurring financial charges65€492€59▼
Profit (loss) for the period before taxes9903€43,048-€37,201▼
Income taxes67/77€14,408-
Profit (loss) for the period9904€28,640-€37,201▼
Profit (loss) for the period to be appropriated9905€28,640-€37,201▼
Line201820192020Change
Turnover70€99,275€106,991€9,308▼ 91.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,633€18,033€18,033=
Gross operating margin9900€34,052€78,668€5,341▼ 93.2%
Operating profit (loss)9901€19,370€43,540-€40,367-
Recurring financial income75--€3,224-
Recurring financial charges65€190€492€59▼ 88.0%
Profit (loss) for the period before taxes9903€19,180€43,048-€37,201-
Income taxes67/77€6,664€14,408--
Profit (loss) for the period9904€12,516€28,640-€37,201-
Profit (loss) for the period to be appropriated9905€12,516€28,640-€37,201-
Line201820192020Change
Assets
Total assets20/58€34,727€111,690€38,398▼ 65.6%
Fixed assets21/28€9,267€32,733€14,700▼ 55.1%
Tangible fixed assets22/27€9,267€32,733€14,700▼ 55.1%
Current assets29/58€25,460€78,957€23,698▼ 70.0%
Amounts receivable within one year40/41€22,407€78,892€23,657▼ 70.0%
Cash at bank and in hand54/58€3,053€24--
Equity and liabilities
Total equity and liabilities10/49€34,727€111,690€38,398▼ 65.6%
Equity10/15€11,127€39,767€2,565▼ 93.5%
Contributions10/11€18,592€18,592€18,592=
Reserves13€626€1,859€1,859=
Profit (loss) carried forward14-€8,091€19,316-€17,886-
Amounts payable17/49€23,600€71,923€35,832▼ 50.2%
Amounts payable within one year42/48€23,600€71,923€35,832▼ 50.2%
Trade debts44€14,607€44,203€1,721▼ 96.1%
Line201820192020Change
Profit (loss) for the period9904€12,516€28,640-€37,201-
+ Depreciation and write-downs630€4,633€18,033€18,033=
Operating cash flow (approximation)€17,149€46,674-€19,168-
Investment in fixed assets (approximation)--€41,500€0-
Change in cash--€3,029--

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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Latest 10 of 27 filings with the National Bank
Financial year Type Filed Reference
31-12-2020 micro format 18-11-2021 2021-77700313
31-12-2019 micro format 22-06-2021 2021-23500386
31-12-2018 micro format 16-12-2019 2019-76400035
31-12-2017 micro format 26-12-2018 2018-75900420
31-12-2016 micro format 29-09-2017 2017-65300566
31-12-2015 full format 21-09-2016 2016-60700366
31-12-2014 full format 09-09-2015 2015-58400045
31-12-2013 full format 19-09-2014 2014-59300447
31-12-2012 full format 11-07-2013 2013-29600560
31-12-2011 full format 02-08-2012 2012-38400268

Show all 27 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.