Mahaan
ActiveThe computed 12-month bankruptcy probability of Mahaan is 2.0% (moderate). The 2024 annual accounts show equity of €37k and a net result of €10k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 26051 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent▲ +13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth52=
Stability94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 5.14 against 3.99 in 2023), and 18.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
81.2%
Return on assets
20.8%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
55 d late
2022
34 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 34.4%
2023 · €28k
2022: €19k
2023: €28k
2022 → 2024
Total assets
€46k▲ 24.0%
2023 · €37k
2022: €40k
2023: €37k
2022 → 2024
Net result
€10k▲ 6.3%
2023 · €9k
2022: €17k
2023: €9k
2022 → 2024
Working capital
€36k▲ 28.7%
2023 · €28k
2022: €19k
2023: €28k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€19k-€28k▲ 47.8%€37k▲ 34.4%
Operating result€21k-€12k▼ 45.2%€13k▲ 13.8%
Net result€17k-€9k▼ 46.5%€10k▲ 6.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 14% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46k
Fixed assets
€2k
Current assets
€44k
Equity and liabilities €46k
Equity
€37k▲ 34.4%
Debt
€9k▼ 7.2%
The debt ratio falls from 25.1% to 18.8%: equity grows while debt is paid down.
Key figures and ratios
Solvency
81.2%▲
2023 · 74.9%
Current ratio
5.14▲
2023 · 3.99
Quick ratio
2.06▲
2023 · 0.70
Debt / equity
0.23▼
2023 · 0.33
ROE
25.6%▼
2023 · 32.4%
ROA
20.8%▼
2023 · 24.2%
Debt
€9k▼
2023 · €9k
Debt ≤ 1 year
€9k▼
2023 · €9k
Income taxes
€3k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€37k€46k▲
Fixed assets21/28-€2k
Financial fixed assets28-€2k
Current assets29/58€37k€44k▲
Stocks and contracts in progress3€31k€27k▼
Stocks30/36€31k€27k▼
Amounts receivable within one year40/41€3k€2k▼
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€4k€16k▲
Equity and liabilities
Total equity and liabilities10/49€37k€46k▲
Equity10/15€28k€37k▲
Contributions10/11€2k€2k=
Reserves13€26k€35k▲
Distributable reserves133€26k€35k▲
Amounts payable17/49€9k€9k▼
Amounts payable within one year42/48€9k€9k▼
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€892€415▼
Income statement
Code20232024
Other operating charges640/8€3k€2k▼
Gross operating margin9900€14k€15k▲
Operating profit (loss)9901€12k€13k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€120€930▲
Recurring financial charges65€120€930▲
Profit (loss) for the period before taxes9903€11k€12k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€9k€10k▲
Profit (loss) for the period to be appropriated9905€9k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€10k▲
Transfer to equity691/2€9k€10k▲
To other reserves6921€9k€10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼46.5%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.99
Current ratio from 1.90 to 3.99; short-term debt falls from €21k to €9k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Turnhout · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
de Merodelei 852300 TurnhoutGround area
179 m²
Building footprint
127 m²
Volume, LiDAR
974 m³
Parcel 13453O0435/00W000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mahaan
since 20212.322.495.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0435/00W000 | Flanders | 179 m² | 1 · 127 m² | 15.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteTurnhout2.322.495.051
Similar companies · same sector, comparable size
NIRMAL
BE 0878.890.175
Elsene · Eq €37k
DUOS VERHUIZING
BE 0831.495.579
Merelbeke-Melle · Eq €37k
M.SHAN
BE 0476.900.302
Bassenge · Eq €37k
PAPA JI
BE 0782.243.038
Olen · Eq €37k
BENI MARKET
BE 0566.975.490
Anderlecht · Eq €37k
Of 10,412 companies in sector 47110 we hold annual accounts for 5,786. 4,485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-2021
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.