Financials
- Fiscal year
- 2025
- Total assets
- €25,918
- Profit
- €5,695
- Solvency
- -80.8%
Total assets▲ 11.9%
Net result
20192025
MAFISS
ActiveSummary
MAFISS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,943) and a net result of €5,695. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 5502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Day spas, saunas and steam baths
NACE 96230NACE 96040
1 site
Size
€25,918total assets 2025
- Equity
- -€20,943
- Profit
- €5,695
Turnover not published (abridged schema)
Structure
Accounts on time0 of 2 deeds read
Why 56Capped at 59: negative equity- Negative equity -€20,943+ Liquidity: current ratio 3.52, cash €23,201+ Size: total assets €25,918+ Figures for FY 2025 (filed 30-04-2026)Show the evidence
Checked score
Score 2025
56
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 63% of its sector peers (NACE 96, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency
0=
equity -80.8% of total assets
Liquidity
90+2
short-term debt 26.6% · cash 89.5%
Profitability
96-4
return on assets 22.0%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%▲ +1.6% vs 11-2024
01-2025: 0.4%▲ +0.3% vs 12-2024
02-2025: 0.4%▼ -1.0% vs 01-2025
03-2025: 0.4%▼ -4.9% vs 02-2025lowest value
04-2025: 0.4%▲ +11.2% vs 03-2025
05-2025: 0.7%▲ +65.2% vs 04-2025highest value
06-2025: 0.4%▼ -34.9% vs 05-2025
07-2025: 0.4%● 0.0% vs 06-2025
08-2025: 0.4%● 0.0% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%▼ -2.5% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%▲ +3.7% vs 11-2025
01-2026: 0.4%▼ -4.3% vs 12-2025
02-2026: 0.4%▼ -2.4% vs 01-2026
03-2026: 0.4%▼ -1.7% vs 02-2026
04-2026: 0.4%▲ +8.1% vs 03-2026
05-2026: 0.4%▼ -10.2% vs 04-2026
06-2026: 0.4%● 0.0% vs 05-2026
07-2026: 0.4%● 0.0% vs 06-2026
08-2026: 0.4%● 0.0% vs 07-2026
09-2026: 0.4%● 0.0% vs 08-2026
10-2026: 0.4%▼ -2.3% vs 09-2026
- Negative equity -€20,943 raises the probability
- Liquidity: current ratio 3.52, cash €23,201 lowers the probability
- Size: total assets €25,918 lowers the probability for this profile
- Figures for FY 2025 (filed 30-04-2026) lowers the probability
No credit on open account
Liquidity ample (current ratio 3.52 against 2.94 in 2024; short-term debt: 26.6% and cash: 89.5% of total assets), but equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 96, micro). Better than this share of them on solvency 11%, liquidity 90%, profitability 83%, growth against the median 68%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5502 sector peers (2025).
NBB · sector comparisonPosition among 5502 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
27 d early
2021
30 d late
2020
31 d late
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close04-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2019net €8,678 ▲13.9%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2018
- Next accounts
- by 30-04-2027
- 30-04-2026Annual accounts filed
- 30-04-2025Annual accounts filed
- 30-09-2024Highest result since 2019
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Day spas, saunas and steam bathsNACE 96230
- Founded
- 01-08-2016
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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