MAHSA

Active

Private limited companyfounded 20251 yr activeBergstraat 10, 9320 Aalst, BelgiumKBO/BCE: BE 1019.176.921

The computed 12-month bankruptcy probability of MAHSA is 2.6% (moderate). The 2025 annual accounts show equity of €16k and a net result of €16k. Its solvency ranks better than 56% of 4488 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

76 / 100

Excellent

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency74

Growth-

Stability67

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.26), and 54.9% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

45.1%

Return on assets

44.3%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 1 filing

Deviation from the deadline

2025

30 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€16k

Total assets

€36k

Net result

€16k

Working capital

€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €36k

30.9%

69.1%

Fixed assets €11k

Current assets €25k

Equity and liabilities €36k

45.1%

54.9%

Equity €16k

Debt €20k

Debt finances 54.9% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€23k

Cash flow

€22k

Solvency

45.1%

Current ratio

1.26

Quick ratio

0.64

Debt / equity

1.22

ROE

98.1%

ROA

44.3%

Interest coverage

600.66

Debt

€20k

Debt ≤ 1 year

€20k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€36k

Fixed assets21/28€11k

Tangible fixed assets22/27€11k

Furniture and vehicles24€11k

Current assets29/58€25k

Stocks and contracts in progress3€12k

Stocks30/36€12k

Amounts receivable within one year40/41€12k

Trade receivables40€2k

Other amounts receivable41€10k

Cash at bank and in hand54/58€711

Equity and liabilities

Total equity and liabilities10/49€36k

Equity10/15€16k

Contributions10/11€300

Profit (loss) carried forward14€16k

Amounts payable17/49€20k

Amounts payable within one year42/48€20k

Trade debts44€6k

Suppliers440/4€6k

Other amounts payable47/48€13k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k

Other operating charges640/8€763

Gross operating margin9900€23k

Operating profit (loss)9901€16k

Financial charges65/66B€38

Recurring financial charges65€38

Profit (loss) for the period before taxes9903€16k

Profit (loss) for the period9904€16k

Profit (loss) for the period to be appropriated9905€16k

Appropriation of the result

Profit (loss) to be appropriated9906€16k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 30 days late

NBB filing

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, Aalst · 2 establishment units since 2025

establishment All 2 establishment units on the map

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.

Bergstraat 109320 Aalst

Ground area

642 m²

Building footprint

191 m²

Volume, LiDAR

942 m³

2 parcels, Brussels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

MAHSA

Bergstraat 10, 9320 AalstNon-scheduled passenger transport by road

since 20252.372.249.618

Mini Shop

Broekstraat 11, 1000 BrusselNon-specialised retail sale with food, beverages or tobacco predominating

since 20262.387.449.419

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41047C0061/00D000	Flanders	519 m²	1 · 102 m²	-
21803C1707/00D000	Brussels	123 m²	1 · 89 m²	15.7 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Brussel2.387.449.419

1 permission

Detailhandel LM>3 maand · since 19-08-2026

Similar companies · same sector, comparable size

LOOK MAN

BE 0760.930.554

Sint-Jans-Molenbeek · Eq €16k

MSA & CO

BE 0843.625.034

Sint-Jans-Molenbeek · Eq €16k

Of 6,632 companies in sector 49330 we hold annual accounts for 2,257. 1,949 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-01-2025

Fiscal year end31-12

Activities, NACEBEL

49330On-demand passenger transport by chauffeured vehicle

49320Non-scheduled passenger transport by road

49410Freight transport by road

52250Logistics services

53200Other postal and courier activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.