MAHACO
ActiveMAHACO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €10k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.81 against 3.05 in 2024), and 19.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.3%
Return on assets
26.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
7 d early
2022
6 d early
2021
3 d early
2020
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 49.4%
2024 · €20k
2020: €13k
2021: €24k
2022: €28k
2023: €17k
2024: €20k
2020 → 2025
Total assets
€38k▲ 19.3%
2024 · €32k
2020: €213k
2021: €209k
2022: €56k
2023: €39k
2024: €32k
2020 → 2025
Net result
€10k▲ 189%
2024 · €4k
2020: €3k
2021: €10k
2022: €4k
2023: €-11k
2024: €4k
2020 → 2025
Working capital
€21k▲ 3.4%
2024 · €20k
2020: €19k
2021: €-33
2022: €28k
2023: €17k
2024: €20k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€28k▲ 17.0%€17k▼ 38.7%€20k▲ 20.6%€31k▲ 49.4%
Operating result€20k-€7k▼ 62.3%€-12k€4k€14k▲ 224%
Net result€10k-€4k▼ 61.4%€-11k€4k€10k▲ 189%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 224% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€10k▲ 321%
Current assets
€28k▼ 5.7%
Equity and liabilities €38k
Equity
€31k▲ 49.4%
Debt
€8k▼ 34.5%
The debt ratio falls from 35.9% to 19.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€15k▲
2024 · €5k
Cash flow
€11k▲
2024 · €4k
Solvency
80.3%▲
2024 · 64.1%
Current ratio
3.81▲
2024 · 3.05
Quick ratio
3.81▲
2024 · 3.05
Debt / equity
0.25▼
2024 · 0.56
ROE
33.1%▲
2024 · 17.1%
ROA
26.5%▲
2024 · 11.0%
Interest coverage
10.91▲
2024 · 2.49
Debt
€8k▼
2024 · €11k
Debt ≤ 1 year
€7k▼
2024 · €10k
Income taxes
€3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€32k€38k▲
Fixed assets21/28€2k€10k▲
Tangible fixed assets22/27€2k€10k▲
Land and buildings22€1k€4k▲
Furniture and vehicles24€1k€6k▲
Current assets29/58€30k€28k▼
Amounts receivable after more than one year29€13k-
Other amounts receivable291€13k-
Amounts receivable within one year40/41€5k€19k▲
Trade receivables40€2k-
Other amounts receivable41€3k€19k▲
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1-€411
Equity and liabilities
Total equity and liabilities10/49€32k€38k▲
Equity10/15€20k€31k▲
Contributions10/11€10k€10k=
Reserves13€18k€21k▲
Distributable reserves133€18k€21k▲
Profit (loss) carried forward14€-7k-
Amounts payable17/49€11k€8k▼
Amounts payable within one year42/48€10k€7k▼
Financial debts43€2-
Credit institutions430/8€2-
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€4k-
Accrued charges and deferred income492/3€2k€213▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€257€1k▲
Other operating charges640/8€387€476▲
Gross operating margin9900€5k€16k▲
Operating profit (loss)9901€4k€14k▲
Financial income75/76B€952€326▼
Recurring financial income75€952€326▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€4k€13k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€4k€10k▲
Profit (loss) for the period to be appropriated9905€4k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€3k▲
Profit (loss) brought forward from the previous period14P€-11k€-7k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-11k ▼366%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.02
Current ratio from 1.00 to 2.02.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €10k ▲218%
Operating result €20k, net result €10k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Keerbergen · 1 establishment unit since 2020
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.
Kruishoevestraat 53140 KeerbergenGround area
2,672 m²
Building footprint
182 m²
Volume, LiDAR
119 m³
Parcel 24472G0336/00C000, Flanders · tallest building 13.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAHACO
since 20202.298.553.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0336/00C000 | Flanders | 2,672 m² | 1 · 182 m² | 13.4 m · 1 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.
Similar companies · same sector, comparable size
MAQ Consulting
BE 0713.999.776
Gembloux · Eq €31k
Leyssens Jonas Consulting
BE 1007.084.088
Beringen · Eq €31k
Blinx
BE 0734.863.585
Pajottegem · Eq €31k
VERHEYEN JOS
BE 0811.941.666
Merksplas · Eq €31k
CLOSE RANGE CONSULTING
BE 0537.356.343
Hasselt · Eq €31k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 34,418 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.