MAHEKO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 3 filings
Equity
-€12,593▼ 466%
2024 · -€2,225
Total assets
€300,005▼ 0.3%
2024 · €300,775
Net result
-€10,368▼ 131%
2024 · -€4,487
Working capital
-€51,768▲ 82.8%
2024 · -€301,225
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€4,309
▲ 2.7%
2025
20232025
Net result
-€10,368
▼ 131%
2025
20232025
Equity
-€12,593
▼ 466%
2025
20232025
Total assets
€300,005
▼ 0.3%
2025
20232025
Debt
€312,598
▲ 3.2%
2025
20232025
Working capital
-€51,768
▲ 82.8%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€2,738--€4,427▼ 61.7%-€4,309▲ 2.7%
Net result-€2,738--€4,487▼ 63.9%-€10,368▼ 131%
Equity€2,262--€2,225-€12,593▼ 466%
Total assets€2,299-€300,775▲ 131×€300,005▼ 0.3%
Debt€37-€303,000▲ 8,156×€312,598▲ 3.2%
Working capital€2,262--€301,225-€51,768▲ 82.8%
The operating result for 2025 is a loss of €4,309, smaller than the loss of €4,427 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €300,005
Fixed assets
€299,000 =
Current assets
€1,005 ▼ 43.4%
Equity and liabilities
Equity-€12,593
Debt€312,598
Equity is negative. Debt (€312,598) exceeds the balance-sheet total (€300,005).
Key figures and ratios
Solvency
-4.2%▼
2024 · -0.7%
Current ratio
0.02▲
2024 · 0.01
ROA
-3.5%▼
2024 · -1.5%
Debt ≤ 1 year
€52,773▼
2024 · €303,000
Debt > 1 year
€259,825
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | - | €299,000 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €422 | €62 | €200 | ▲ 222% |
| Gross operating margin9900 | -€2,316 | -€4,365 | -€4,109 | ▲ 5.9% |
| Operating profit (loss)9901 | -€2,738 | -€4,427 | -€4,309 | ▲ 2.7% |
| Financial income75/76B | - | €0 | €38,345 | ▲ 1,917,250× |
| Recurring financial income75 | - | €0 | €38,345 | ▲ 1,917,250× |
| Financial charges65/66B | - | €60 | €44,405 | ▲ 738× |
| Recurring financial charges65 | - | €60 | €44,405 | ▲ 738× |
| Profit (loss) for the period before taxes9903 | -€2,738 | -€4,487 | -€10,368 | ▼ 131% |
| Profit (loss) for the period9904 | -€2,738 | -€4,487 | -€10,368 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | -€2,738 | -€4,487 | -€10,368 | ▼ 131% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2,299 | €300,775 | €300,005 | ▼ 0.3% |
| Fixed assets21/28 | - | €299,000 | €299,000 | = |
| Financial fixed assets28 | - | €299,000 | €299,000 | = |
| Current assets29/58 | €2,299 | €1,775 | €1,005 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €56 | €459 | - | - |
| Other amounts receivable41 | €56 | €459 | - | - |
| Cash at bank and in hand54/58 | €2,244 | €1,316 | €1,005 | ▼ 23.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2,299 | €300,775 | €300,005 | ▼ 0.3% |
| Equity10/15 | €2,262 | -€2,225 | -€12,593 | ▼ 466% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€2,738 | -€7,225 | -€17,593 | ▼ 144% |
| Amounts payable17/49 | €37 | €303,000 | €312,598 | ▲ 3.2% |
| Amounts payable after more than one year17 | - | - | €259,825 | - |
| Financial debts170/4 | - | - | €259,825 | - |
| Amounts payable within one year42/48 | €37 | €303,000 | €52,773 | ▼ 82.6% |
| Trade debts44 | €37 | - | €523 | - |
| Suppliers440/4 | €37 | - | €523 | - |
| Other amounts payable47/48 | - | €303,000 | €52,250 | ▼ 82.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,738 | -€4,487 | -€10,368 | ▼ 131% |
| Operating cash flow (approximation) | -€2,738 | -€4,487 | -€10,368 | ▼ 131% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | -€927 | -€312 | ▲ 66.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.