MAEVABEL
InactiveMAEVABEL 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. The last annual accounts are for financial year 2020.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 27-05-1994 · bankruptcy closed on 05-06-2025
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2020
- Turnover
- €9,308
- ▼ 91.3%
- Loss
- €37,201
- Equity
- €2,565
- ▼ 93.5%
- Total assets
- €38,398
- ▼ 65.6%
Financials
Financials · financial year 2020, micro format
2020 annual accounts filed 110 days after the deadline 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.
Annual accounts 2020 filed on 18-11-2021 PDF all 27 filings
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
Multi-year overview
2018 to 2020, 3 financial yearsTurnover
€9,308
▼ 91.3%
2020
20182020
Operating result
-€40,367
2020
20182020
Net result
-€37,201
2020
20182020
Equity
€2,565
▼ 93.5%
2020
20182020
Total assets
€38,398
▼ 65.6%
2020
20182020
Debt
€35,832
▼ 50.2%
2020
20182020
Working capital
-€12,134
2020
20182020
Staff (FTE)
no figure
2020
20182020
Every figure per financial 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%
The operating result for 2020 is a loss of €40,367, after a profit of €43,540 in 2019. It is the lowest result since 2018.
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
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
Customer credit
928 days▲
2019 · 269 days
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
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| 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 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Alain G. Vandamme Boulevard Brand Whit- Lock 106, 1200 Bruxelles 20 |
24-11-2021 → 05-06-2025 |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2025
24-07
Bankruptcy
Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 05-06-2025
2023
21-06
Bankruptcy
Supervising judge replaced
French-language Enterprise Court of Brussels · judgment of 12-06-2023
2021
2020
31-12
Financial
Weakest financial yearnet -€37,201
The net result drops to -€37,201, the lowest from 2018 to 2020.
2019
31-12
Financial
Highest result from 2018 to 2020net €28,640 ▲129%
The operating result of €43,540 and the net result of €28,640 are both a record.
16-12
micro format · 138 days late
2018
26-12
micro format · 148 days late
2017
29-09
micro format · 60 days late
2016
21-09
full format · 52 days late
2015
09-09
full format · 40 days late
Show earlier events
2014
19-09
full format · 50 days late
2013
11-07
full format · 20 days before the deadline
2012
02-08
full format · 2 days late
1994
27-05
Gazette deed
Incorporation
25 publications in the Belgian Official Gazette, the last on 03-09-2021
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
MAEVABEL is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Avenue Louise 205-207, Bte 4, 1050 Ixellesas published on 3 September 2021
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 1994