MAHEBRA
ActiveSummary
MAHEBRA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€140,620) and a net result of -€14,736. Equity is shrinking by ~13.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability62=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.03 in 2025; short-term debt: 119.7% and cash: 3.6% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2026Solvency, return and age of the figures
Solvency
-54%
Return on assets
-5.7%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€140,620
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-07-2026, 96 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
96 d early
2025
78 d early
2024
141 d early
2023
82 d early
2022
131 d early
2021
132 d early
2020
115 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 111 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
-€140,620▼ 11.7%
2025 · -€125,884
Total assets
€260,409▼ 9.1%
2025 · €286,635
Net result
-€14,736▼ 1.8%
2025 · -€14,476
Working capital
-€288,861▲ 3.6%
2025 · -€299,763
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€3,240▼ 5.8%-€11,516▼ 255%-€8,361▲ 27.4%-€10,257▼ 22.7%-€12,319▼ 20.1%
Net result-€7,299within the sector's middle half▲ 23.7%-€16,367within the sector's middle half▼ 124%-€12,148within the sector's middle half▲ 25.8%-€14,476within the sector's middle half▼ 19.2%-€14,736▼ 1.8%
Equity-€82,893below the sector's middle half▼ 9.7%-€99,261below the sector's middle half▼ 19.7%-€111,408below the sector's middle half▼ 12.2%-€125,884below the sector's middle half▼ 13.0%-€140,620▼ 11.7%
Total assets€376,203within the sector's middle half▼ 11.4%€336,038within the sector's middle half▼ 10.7%€318,672within the sector's middle half▼ 5.2%€286,635within the sector's middle half▼ 10.1%€260,409▼ 9.1%
Debt€459,097▼ 8.2%€435,298▼ 5.2%€430,081▼ 1.2%€412,519▼ 4.1%€401,029▼ 2.8%
Working capital-€281,168▲ 2.4%-€289,462▼ 3.0%-€307,727▼ 6.3%-€299,763▲ 2.6%-€288,861▲ 3.6%
Solvency-22.0%below the sector's middle half▼ 4.2pp-29.5%below the sector's middle half▼ 7.5pp-35.0%below the sector's middle half▼ 5.4pp-43.9%below the sector's middle half▼ 9.0pp-54.0%▼ 10.1pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,319 in 2026 against €10,257 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €260,409
Fixed assets
€237,524 ▼ 14.1%
Current assets
€22,885 ▲ 129%
Key figures and ratios
EBITDA
€26,820▼
2025 · €28,830
Cash flow
€24,403▼
2025 · €24,611
Current ratio
0.07▲
2025 · 0.03
Debt to equity
-2.85▲
2025 · -3.28
ROA
-5.7%▼
2025 · -5.1%
Interest coverage
11.09▲
2025 · 6.83
Debt ≤ 1 year
€311,746▲
2025 · €309,735
Debt > 1 year
€89,284▼
2025 · €102,784
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,786 | €37,536 | €38,773 | €39,087 | €39,139 | ▲ 0.1% |
| Other operating charges640/8 | €3,717 | €4,400 | €4,518 | €4,621 | €5,012 | ▲ 8.4% |
| Gross operating margin9900 | €43,263 | €30,420 | €34,930 | €33,451 | €31,832 | ▼ 4.8% |
| Operating profit (loss)9901 | -€3,240 | -€11,516 | -€8,361 | -€10,257 | -€12,319 | ▼ 20.1% |
| Financial income75/76B | €1,680 | €1 | €190 | €2 | €1 | ▼ 59.3% |
| Recurring financial income75 | €1,680 | €1 | €190 | €2 | €1 | ▼ 59.3% |
| Financial charges65/66B | €5,738 | €4,852 | €3,977 | €4,221 | €2,418 | ▼ 42.7% |
| Recurring financial charges65 | €5,738 | €4,852 | €3,977 | €4,221 | €2,418 | ▼ 42.7% |
| Profit (loss) for the period before taxes9903 | -€7,299 | -€16,367 | -€12,148 | -€14,476 | -€14,736 | ▼ 1.8% |
| Profit (loss) for the period9904 | -€7,299 | -€16,367 | -€12,148 | -€14,476 | -€14,736 | ▼ 1.8% |
| Profit (loss) for the period to be appropriated9905 | -€7,299 | -€16,367 | -€12,148 | -€14,476 | -€14,736 | ▼ 1.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €376,203 | €336,038 | €318,672 | €286,635 | €260,409 | ▼ 9.1% |
| Fixed assets21/28 | €369,685 | €332,149 | €312,350 | €276,663 | €237,524 | ▼ 14.1% |
| Tangible fixed assets22/27 | €369,685 | €332,149 | €312,350 | €276,663 | €237,524 | ▼ 14.1% |
| Land and buildings22 | €363,142 | €328,871 | €296,185 | €261,688 | €227,191 | ▼ 13.2% |
| Plant, machinery and equipment23 | €2,097 | €855 | €14,856 | €11,275 | €7,695 | ▼ 31.8% |
| Furniture and vehicles24 | €4,445 | €2,423 | €1,309 | €3,700 | €2,638 | ▼ 28.7% |
| Current assets29/58 | €6,519 | €3,889 | €6,323 | €9,972 | €22,885 | ▲ 129% |
| Amounts receivable within one year40/41 | €2,701 | €388 | €1,536 | €4,148 | €11,904 | ▲ 187% |
| Trade receivables40 | €1,089 | €70 | €1,300 | €1,840 | €11,542 | ▲ 527% |
| Other amounts receivable41 | €1,612 | €318 | €236 | €2,308 | €362 | ▼ 84.3% |
| Cash at bank and in hand54/58 | €2,593 | €2,131 | €3,326 | €4,326 | €9,430 | ▲ 118% |
| Deferred charges and accrued income490/1 | €1,225 | €1,370 | €1,461 | €1,498 | €1,551 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €376,203 | €336,038 | €318,672 | €286,635 | €260,409 | ▼ 9.1% |
| Equity10/15 | -€82,893 | -€99,261 | -€111,408 | -€125,884 | -€140,620 | ▼ 11.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€144,893 | -€161,261 | -€173,408 | -€187,884 | -€202,620 | ▼ 7.8% |
| Amounts payable17/49 | €459,097 | €435,298 | €430,081 | €412,519 | €401,029 | ▼ 2.8% |
| Amounts payable after more than one year17 | €171,410 | €141,947 | €116,031 | €102,784 | €89,284 | ▼ 13.1% |
| Financial debts170/4 | €171,310 | €141,847 | €115,931 | €102,684 | €89,184 | ▼ 13.1% |
| Other amounts payable178/9 | €100 | €100 | €100 | €100 | €100 | = |
| Amounts payable within one year42/48 | €287,686 | €293,351 | €314,050 | €309,735 | €311,746 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | €28,564 | €25,963 | €25,916 | €13,530 | €13,501 | ▼ 0.2% |
| Financial debts43 | €992 | €292 | - | - | - | - |
| Credit institutions430/8 | €992 | €292 | - | - | - | - |
| Trade debts44 | €1,961 | €734 | €1,646 | €2,241 | €46 | ▼ 98.0% |
| Suppliers440/4 | €1,961 | €734 | €1,646 | €2,241 | €46 | ▼ 98.0% |
| Advances received on contracts in progress46 | €3,449 | €1,810 | €450 | €3,389 | €11,837 | ▲ 249% |
| Taxes, remuneration and social security45 | €49 | - | €14 | - | - | - |
| Taxes450/3 | €49 | - | €14 | - | - | - |
| Other amounts payable47/48 | €252,671 | €264,553 | €286,024 | €290,575 | €286,362 | ▼ 1.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,299 | -€16,367 | -€12,148 | -€14,476 | -€14,736 | ▼ 1.8% |
| + Depreciation and write-downs630 | €42,786 | €37,536 | €38,773 | €39,087 | €39,139 | ▲ 0.1% |
| Operating cash flow (approximation) | €35,487 | €21,169 | €26,625 | €24,611 | €24,403 | ▼ 0.8% |
| Investment in fixed assets (approximation) | - | €0 | -€18,974 | -€3,400 | €0 | ▲ 100% |
| Change in cash | - | -€462 | €1,195 | €1,000 | €5,104 | ▲ 410% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Libin · 1 establishment unit since 2002
Ground area
1,066 m²
Building footprint
277 m²
Volume, LiDAR
1,337 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Beauregard 11, 5580 Rochefort
since 20022.061.769.444
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84035C0073/00F000 | Wallonia | 729 m² | 1 · 196 m² | 9.1 m · 2 fl. |
| 91114A1193/00F000 | Wallonia | 337 m² | 1 · 81 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,007 companies in sector 55203 we hold annual accounts for 694. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-03-1993
Fiscal year end31-03
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
46180Agents specialised in the wholesale of other particular products
55204Guest rooms (bed and breakfast)
Contact
Phone
+32496326221
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449683288
Also
9925:BE0449683288
Registered
13-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.