MAEVAN
ActiveSummary
MAEVAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €676,753 and a net result of -€30,422. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 81% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 21.76 against 24.39 in 2023; short-term debt: 3.6% and cash: 0.2% of total assets), and 15.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.2%
Return on assets
-3.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€30,422
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
30 d late
2022
7 d late
2021
24 d late
2020
16 d early
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€676,753▼ 4.3%
2023 · €707,174
Total assets
€803,320▼ 3.3%
2023 · €830,810
Net result
-€30,422▼ 19.7%
2023 · -€25,423
Working capital
€592,915▼ 3.5%
2023 · €614,602
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3,028€601,116▲ 19,751%-€13,528-€9,686▲ 28.4%-€16,182▼ 67.1%
Net result€11,317within the sector's middle half€459,286above the sector's middle half▲ 3,958%-€19,326below the sector's middle half-€25,423below the sector's middle half▼ 31.6%-€30,422below the sector's middle half▼ 19.7%
Equity€720,237above the sector's middle half▲ 1.6%€1.2mabove the sector's middle half▲ 63.8%€732,597above the sector's middle half▼ 37.9%€707,174above the sector's middle half▼ 3.5%€676,753above the sector's middle half▼ 4.3%
Total assets€837,188above the sector's middle half▲ 1.9%€1.3mabove the sector's middle half▲ 60.3%€856,740above the sector's middle half▼ 36.2%€830,810above the sector's middle half▼ 3.0%€803,320above the sector's middle half▼ 3.3%
Debt€116,952▲ 4.1%€162,499▲ 38.9%€124,142▼ 23.6%€123,635▼ 0.4%€126,567▲ 2.4%
Working capital€476,567above the sector's middle half▲ 4.7%€1.1mabove the sector's middle half▲ 123%€629,984above the sector's middle half▼ 40.8%€614,602above the sector's middle half▼ 2.4%€592,915above the sector's middle half▼ 3.5%
Solvency86.0%above the sector's middle half▼ 0.3pp87.9%above the sector's middle half▲ 1.9pp85.5%above the sector's middle half▼ 2.4pp85.1%above the sector's middle half▼ 0.4pp84.2%above the sector's middle half▼ 0.9pp
Current ratio22.08above the sector's middle half▼ 6.4116.62above the sector's middle half▼ 5.4624.02above the sector's middle half▲ 7.4024.39above the sector's middle half▲ 0.3721.76above the sector's middle half▼ 2.63
Return on assets (ROA)1.4%within the sector's middle half▲ 1.8pp34.2%above the sector's middle half▲ 32.9pp-2.3%below the sector's middle half▼ 36.5pp-3.1%below the sector's middle half▼ 0.8pp-3.8%below the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,182 in 2024 against €9,686 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €803,320
Fixed assets
€181,840 ▼ 4.3%
Current assets
€621,480 ▼ 3.0%
Equity and liabilities €803,320
Equity
€676,753 ▼ 4.3%
Debt
€126,567 ▲ 2.4%
Debt's share of the balance-sheet total rises from 14.9% to 15.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,097▼
2023 · -€225
Cash flow
-€22,336▼
2023 · -€15,962
Debt to equity
0.19▲
2023 · 0.17
ROE
-4.5%▼
2023 · -3.6%
Interest coverage
-1.43▼
2023 · -0.01
Debt ≤ 1 year
€28,565▲
2023 · €26,282
Debt > 1 year
€90,000=
2023 · €90,000
Income taxes
€13,415▲
2023 · €568
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
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 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 8,611 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,906 | €7,553 | €10,092 | €9,461 | €8,086 | ▼ 14.5% |
| Other operating charges640/8 | - | €5,659 | €3,499 | €3,386 | €3,051 | ▼ 9.9% |
| Gross operating margin9900 | €23,361 | €614,327 | €62 | €3,161 | -€5,045 | ▼ 260% |
| Operating profit (loss)9901 | €3,028 | €601,116 | -€13,528 | -€9,686 | -€16,182 | ▼ 67.1% |
| Financial income75/76B | - | €6,813 | €8 | €1,282 | €4,821 | ▲ 276% |
| Recurring financial income75 | €14,466 | €6,813 | €8 | €1,282 | €4,821 | ▲ 276% |
| Financial charges65/66B | - | -€33,364 | €5,218 | €16,452 | €5,645 | ▼ 65.7% |
| Recurring financial charges65 | €4,585 | -€33,364 | €5,218 | €16,452 | €5,645 | ▼ 65.7% |
| Profit (loss) for the period before taxes9903 | €12,909 | €641,293 | -€18,738 | -€24,856 | -€17,007 | ▲ 31.6% |
| Income taxes67/77 | €1,592 | €182,007 | €587 | €568 | €13,415 | ▲ 2,263% |
| Profit (loss) for the period9904 | €11,317 | €459,286 | -€19,326 | -€25,423 | -€30,422 | ▼ 19.7% |
| Profit (loss) for the period to be appropriated9905 | €11,317 | €459,286 | -€19,326 | -€25,423 | -€30,422 | ▼ 19.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €837,188 | €1.3m | €856,740 | €830,810 | €803,320 | ▼ 3.3% |
| Fixed assets21/28 | €338,009 | €209,478 | €199,387 | €189,926 | €181,840 | ▼ 4.3% |
| Tangible fixed assets22/27 | €338,009 | €209,478 | €199,387 | €189,926 | €181,840 | ▼ 4.3% |
| Land and buildings22 | - | €197,796 | €192,250 | €186,704 | €181,158 | ▼ 3.0% |
| Plant, machinery and equipment23 | - | €1,707 | €1,365 | €1,024 | €682 | ▼ 33.3% |
| Furniture and vehicles24 | - | €9,976 | €5,772 | €2,198 | - | - |
| Current assets29/58 | €499,180 | €1.1m | €657,353 | €640,884 | €621,480 | ▼ 3.0% |
| Amounts receivable within one year40/41 | €14,835 | €64,560 | €13,749 | €6,705 | €4,589 | ▼ 31.5% |
| Trade receivables40 | - | €7,105 | €13,325 | €6,705 | €3,501 | ▼ 47.8% |
| Other amounts receivable41 | - | €57,455 | €424 | - | €1,088 | - |
| Current investments50/53 | €443,563 | €1.0m | €631,807 | €632,227 | €614,675 | ▼ 2.8% |
| Cash at bank and in hand54/58 | €39,779 | €31,173 | €9,619 | €1,074 | €1,238 | ▲ 15.3% |
| Deferred charges and accrued income490/1 | - | €663 | €2,178 | €879 | €978 | ▲ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €837,188 | €1.3m | €856,740 | €830,810 | €803,320 | ▼ 3.3% |
| Equity10/15 | €720,237 | €1.2m | €732,597 | €707,174 | €676,753 | ▼ 4.3% |
| Contributions10/11 | €452,600 | €452,600 | €25,000 | €25,000 | €25,000 | = |
| Capital10 | - | €452,600 | - | - | - | - |
| Issued capital100 | - | €452,600 | - | - | - | - |
| Outside capital11 | - | - | €25,000 | - | - | - |
| Other1109/19 | - | - | €25,000 | - | - | - |
| Reserves13 | €314,366 | €726,923 | €726,923 | €714,421 | €714,421 | = |
| Non-distributable reserves130/1 | - | €21,788 | - | - | - | - |
| Legal reserve130 | - | €21,788 | - | - | - | - |
| Distributable reserves133 | - | €705,135 | €726,923 | €714,421 | €714,421 | = |
| Profit (loss) carried forward14 | -€46,729 | - | -€19,326 | -€32,247 | -€62,669 | ▼ 94.3% |
| Amounts payable17/49 | €116,952 | €162,499 | €124,142 | €123,635 | €126,567 | ▲ 2.4% |
| Amounts payable after more than one year17 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Financial debts170/4 | - | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Amounts payable within one year42/48 | €22,613 | €68,158 | €27,369 | €26,282 | €28,565 | ▲ 8.7% |
| Trade debts44 | €4,060 | €6,221 | €4,086 | €1,271 | €1,901 | ▲ 49.6% |
| Suppliers440/4 | - | €6,221 | €4,086 | €1,271 | €1,901 | ▲ 49.6% |
| Taxes, remuneration and social security45 | - | €41,434 | €771 | €995 | €393 | ▼ 60.5% |
| Taxes450/3 | - | €41,434 | €771 | €995 | €393 | ▼ 60.5% |
| Other amounts payable47/48 | - | €20,502 | €22,512 | €24,016 | €26,271 | ▲ 9.4% |
| Accrued charges and deferred income492/3 | - | €4,341 | €6,773 | €7,354 | €8,003 | ▲ 8.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,317 | €459,286 | -€19,326 | -€25,423 | -€30,422 | ▼ 19.7% |
| + Depreciation and write-downs630 | €14,906 | €7,553 | €10,092 | €9,461 | €8,086 | ▼ 14.5% |
| Operating cash flow (approximation) | €26,223 | €466,839 | -€9,234 | -€15,962 | -€22,336 | ▼ 39.9% |
| Investment in fixed assets (approximation) | - | €120,978 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,605 | -€21,554 | -€8,546 | €165 | ▲ 102% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €459,286 ▲3,958%
Operating result €601,116, net result €459,286, both a record.
31-12
Financial
Equity above €1mEq €1.2m ▲63.8%
2 profitable years in a row build equity to €1.2m.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €11,317
Net result €11,317 after 2 loss-making years.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Oudenaarde · 1 establishment unit since 1991
Ground area
1,496 m²
Building footprint
210 m²
Volume, LiDAR
919 m³
Parcel 45023A1173/00F000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Meldenstraat 101, 9700 Oudenaarde
since 19912.051.965.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A1173/00F000 | Flanders | 1,496 m² | 1 · 210 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 31,916 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
Founded21-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442596449
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.