MahaKali
ActiveMahaKali has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €-5k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-35
Solvency99▼-1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 3.6 in 2024; short-term debt: 26% and cash: 83.5% of total assets), and 26% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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 2025Solvency, return and age of the figures
Solvency
74%
Return on assets
-4.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d early
2023
26 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▼ 6.2%
2024 · €75k
2023: €52k
2024: €75k
2023 → 2025
Total assets
€94k▼ 2.3%
2024 · €97k
2023: €85k
2024: €97k
2023 → 2025
Net result
€-5k
2024 · €22k
2023: €50k
2024: €22k
2023 → 2025
Working capital
€58k▲ 1.0%
2024 · €58k
2023: €35k
2024: €58k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€52k-€75k▲ 42.6%€70k▼ 6.2%
Operating result€70k-€34k▼ 52.1%€-4k
Net result€50k-€22k▼ 55.7%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €34k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€12k▼ 29.2%
Current assets
€83k▲ 3.7%
Equity and liabilities €94k
Equity
€70k▼ 6.2%
Debt
€25k▲ 10.9%
The debt ratio rises from 22.9% to 26.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €39k
Cash flow
€581▼
2024 · €27k
Solvency
74.0%▼
2024 · 77.1%
Current ratio
3.37▼
2024 · 3.60
Quick ratio
3.37▼
2024 · 3.60
Debt / equity
0.35▲
2024 · 0.30
ROE
-6.6%▼
2024 · 29.9%
ROA
-4.9%▼
2024 · 23.0%
Interest coverage
8.49▼
2024 · 176.51
Debt
€25k▲
2024 · €22k
Debt ≤ 1 year
€25k▲
2024 · €22k
Income taxes
€2k▼
2024 · €11k
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€97k€94k▼
Formation expenses20€485€82▼
Fixed assets21/28€16k€12k▼
Tangible fixed assets22/27€16k€11k▼
Land and buildings22€14k€10k▼
Plant, machinery and equipment23€2k€2k▼
Financial fixed assets28€205€205=
Current assets29/58€80k€83k▲
Amounts receivable within one year40/41€1k€2k▲
Trade receivables40€1k€2k▲
Other amounts receivable41€74€287▲
Current investments50/53€60k-
Cash at bank and in hand54/58€18k€79k▲
Deferred charges and accrued income490/1€921€1k▲
Equity and liabilities
Total equity and liabilities10/49€97k€94k▼
Equity10/15€75k€70k▼
Contributions10/11€2k€2k=
Reserves13€73k€73k=
Distributable reserves133€73k€73k=
Profit (loss) carried forward14-€-5k
Amounts payable17/49€22k€25k▲
Amounts payable within one year42/48€22k€25k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€13k▲
Other amounts payable47/48€7k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€392€440▲
Gross operating margin9900€46k€2k▼
Operating profit (loss)9901€34k€-4k▼
Financial income75/76B€221€682▲
Recurring financial income75€221€682▲
Financial charges65/66B€220€192▼
Recurring financial charges65€220€192▼
Profit (loss) for the period before taxes9903€34k€-3k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€22k€-5k▼
Profit (loss) for the period to be appropriated9905€22k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€-5k▼
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-5k ▼121%
Net result drops to €-5k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Habay · 1 establishment unit since 2023
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.
Rue de Gobémont,Rulles 46724 HabayGround area
2,276 m²
Building footprint
259 m²
Volume, LiDAR
1,995 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MahaKali
since 20232.343.551.078
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85031C0302/00Z002 | Wallonia | 1,147 m² | 1 · 105 m² | 7.6 m · 2 fl. |
| 85017A0901/00L000 | Wallonia | 1,129 m² | 1 · 154 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
3D COLORS
BE 1011.586.571
Houyet · Eq €69k
ATELIER BELIAERT
BE 1004.813.496
Oosterzele · Eq €69k
PAF DE HOND
BE 0845.555.037
Namur · Eq €71k
WATIKZAG
BE 0729.761.286
Assenede · Eq €68k
LOGIQUE RECORDS
BE 1011.862.923
Watermaal-Bosvoorde · Eq €68k
Of 6,657 companies in sector 90111 we hold annual accounts for 383. 303 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2023
Fiscal year end31-12
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.