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MAHADEVA

Active
Private limited companyfounded 1989active for 36 yearsLange Munteplein(Kor) 4, 8500 Kortrijk, BelgiumKBO/BCE: BE 0439.850.755
Summary

MAHADEVA has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208,662 and a net result of €32,535. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 78% of 2,552 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Sports and recreation education
NACE 85510
#7 oldest company in Kortrijk, Education sector1 site
Size
€275,606total assets 2025
Equity
€208,662
Profit
€32,535
Turnover not published (micro format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts 1 day early0 of 3 deeds read
Why 94raises riskLiquidity: current ratio 7.09, cash €7,124lowers riskSector: Education (NACE 85)Founded in 1989Size: total assets €275,606Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 85, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 75.7% of total assets
Liquidity 53+1
short-term debt 11.1% · cash 2.6%
Profitability 84+7
return on assets 11.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,795 companies, NACE 85, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value 06-2026: < 0.1%▼ -0.2 percentage points vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity ample (current ratio 7.09, compared with 23.32 in 2024; short-term debt: 11.1% and cash: 2.6% of total assets), and 24.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro): better than 88% on solvency, 38% on liquidity, 65% on profitability and 29% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Sector: Education (NACE 85)
KBO
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €275,606
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 7.09, cash €7,124
NBB · annual accounts
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
22 days early
2023
13 days early
2022
2 days late
2021
3 days early
2020
19 days late
2019
7 days 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 4 days before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end09-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2019 to 2025net €32,535 ▲97.5%
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: Among the best 15% on equitysector median €32,474 · 2,557 companies €208,662 View
  • Positive: 7 profitable years in a rowprofit 2025: €32,535 7 years View
  • Active since 1989founded 27-12-1989 36 years View

By topic

Financials

Financial year
2025
Total assets
€275,606
Profit
€32,535
Solvency
75.7%
Total assets▲ 15.2%
Net result
20192025
Go to Financials

Timeline

Events
36
Since
1991
Next accounts
by 30-04-2027
  1. 17-04-2024Annual accounts filed
  2. 02-05-2023Annual accounts filed
  3. 27-04-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Sports and recreation educationNACE 85510
Founded
27-12-1989
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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