MaÏak
ActiveSummary
MaÏak has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €14k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+4
Solvency100▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 9.26 against 2.05 in 2024; short-term debt: 6.6% and cash: 47% of total assets), and 6.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.4%
Return on assets
10.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €118k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-09-2025, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
78 d early
2023
97 d early
2022
124 d early
2021
115 d early
2020
115 d early
2019
133 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k▲ 19.5%
2024 · €11k
2019: €5k
2020: €8k▲ +49.7% vs 2019
2021: €13k▲ +52.9% vs 2020
2022: €-21k▼ -266% vs 2021lowest in 7 years
2023: €115▲ +101% vs 2022
2024: €11k▲ +9698% vs 2023
2025: €14k▲ +19.5% vs 2024highest in 7 years
2019 → 2025
Working capital
€69k▲ 27.7%
2024 · €54k
2019: €72k
2020: €85k▲ +17.3% vs 2019
2021: €99k▲ +16.1% vs 2020highest in 7 years
2022: €79k▼ -20.1% vs 2021
2023: €43k▼ -45.9% vs 2022lowest in 7 years
2024: €54k▲ +27.1% vs 2023
2025: €69k▲ +27.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€131k▼ 13.8%€93k▼ 28.5%€105k▲ 12.1%€118k▲ 12.9%
2021: €152khighest in 5 years
2022: €131k▼ -13.8% vs 2021
2023: €93k▼ -28.5% vs 2022lowest in 5 years
2024: €105k▲ +12.1% vs 2023
2025: €118k▲ +12.9% vs 2024
Operating result€18k-€-22k€3k€16k▲ 431%€18k▲ 11.6%
2021: €18khighest in 5 years
2022: €-22k▼ -218% vs 2021lowest in 5 years
2023: €3k▲ +114% vs 2022
2024: €16k▲ +431% vs 2023
2025: €18k▲ +11.6% vs 2024
Net result€13k-€-21k€115€11k▲ 9,698%€14k▲ 19.5%
2021: €13k
2022: €-21k▼ -266% vs 2021lowest in 5 years
2023: €115▲ +101% vs 2022
2024: €11k▲ +9698% vs 2023
2025: €14k▲ +19.5% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€49k ▼ 3.0%
Current assets
€78k ▼ 26.5%
Equity and liabilities €127k
Equity
€118k ▲ 12.9%
Debt
€8k ▼ 83.7%
Debt's share of the balance-sheet total falls from 32.9% to 6.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2024 · €18k
Cash flow
€15k▲
2024 · €13k
Current ratio
9.26▲
2024 · 2.05
Debt to equity
0.07▼
2024 · 0.49
ROE
11.4%▲
2024 · 10.8%
ROA
10.7%▲
2024 · 7.2%
Interest coverage
168.77▲
2024 · 33.87
Debt ≤ 1 year
€8k▼
2024 · €51k
Income taxes
€7k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€156k€127k▼
Fixed assets21/28€51k€49k▼
Tangible fixed assets22/27€51k€49k▼
Land and buildings22€50k€49k▼
Furniture and vehicles24€848€428▼
Financial fixed assets28€50€50=
Current assets29/58€106k€78k▼
Amounts receivable within one year40/41€13k€7k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€4k€235▼
Current investments50/53€70k€10k▼
Cash at bank and in hand54/58€22k€59k▲
Deferred charges and accrued income490/1€904€807▼
Equity and liabilities
Total equity and liabilities10/49€156k€127k▼
Equity10/15€105k€118k▲
Contributions10/11€62k€62k=
Reserves13€38k€51k▲
Distributable reserves133€38k€51k▲
Profit (loss) carried forward14€5k€5k=
Amounts payable17/49€51k€8k▼
Amounts payable within one year42/48€51k€8k▼
Trade debts44€15k€7k▼
Suppliers440/4€15k€7k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€32k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€991€759▼
Gross operating margin9900€19k€20k▲
Operating profit (loss)9901€16k€18k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€522€116▼
Recurring financial charges65€522€116▼
Profit (loss) for the period before taxes9903€16k€20k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€11k€14k▲
Profit (loss) for the period to be appropriated9905€11k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€18k▲
Profit (loss) brought forward from the previous period14P€5k€5k=
Transfer to equity691/2€11k€14k▲
To other reserves6921€11k€14k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €2k | €2k | ▲ 0.5% |
| Other operating charges640/8 | - | €942 | €905 | €991 | €759 | ▼ 23.5% |
| Gross operating margin9900 | €20k | €-20k | €5k | €19k | €20k | ▲ 8.8% |
| Operating profit (loss)9901 | €18k | €-22k | €3k | €16k | €18k | ▲ 11.6% |
| Financial income75/76B | - | €2k | €17 | - | €2k | - |
| Recurring financial income75 | €20 | €2k | €17 | - | €2k | - |
| Financial charges65/66B | - | €762 | €614 | €522 | €116 | ▼ 77.8% |
| Recurring financial charges65 | €867 | €762 | €614 | €522 | €116 | ▼ 77.8% |
| Profit (loss) for the period before taxes9903 | €17k | €-21k | €2k | €16k | €20k | ▲ 29.5% |
| Income taxes67/77 | €5k | €110 | €2k | €4k | €7k | ▲ 55.6% |
| Profit (loss) for the period9904 | €13k | €-21k | €115 | €11k | €14k | ▲ 19.5% |
| Profit (loss) for the period to be appropriated9905 | €13k | €-21k | €115 | €11k | €14k | ▲ 19.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185k | €155k | €151k | €156k | €127k | ▼ 18.9% |
| Fixed assets21/28 | €53k | €52k | €51k | €51k | €49k | ▼ 3.0% |
| Tangible fixed assets22/27 | €53k | €52k | €51k | €51k | €49k | ▼ 3.0% |
| Land and buildings22 | - | €52k | €51k | €50k | €49k | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €26 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €848 | €428 | ▼ 49.6% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €132k | €103k | €100k | €106k | €78k | ▼ 26.5% |
| Amounts receivable within one year40/41 | €14k | €14k | €13k | €13k | €7k | ▼ 43.5% |
| Trade receivables40 | - | €9k | €8k | €9k | €7k | ▼ 20.7% |
| Other amounts receivable41 | - | €5k | €5k | €4k | €235 | ▼ 94.1% |
| Current investments50/53 | €57k | - | - | €70k | €10k | ▼ 85.7% |
| Cash at bank and in hand54/58 | €59k | €88k | €86k | €22k | €59k | ▲ 173% |
| Deferred charges and accrued income490/1 | - | €1k | €900 | €904 | €807 | ▼ 10.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185k | €155k | €151k | €156k | €127k | ▼ 18.9% |
| Equity10/15 | €152k | €131k | €93k | €105k | €118k | ▲ 12.9% |
| Contributions10/11 | - | €57k | €62k | €62k | €62k | = |
| Reserves13 | €69k | €69k | €26k | €38k | €51k | ▲ 36.0% |
| Non-distributable reserves130/1 | - | €6k | - | - | - | - |
| Reserves not available under the articles1311 | - | €6k | - | - | - | - |
| Distributable reserves133 | - | €64k | €26k | €38k | €51k | ▲ 36.0% |
| Profit (loss) carried forward14 | €26k | €5k | €5k | €5k | €5k | = |
| Amounts payable17/49 | €33k | €24k | €58k | €51k | €8k | ▼ 83.7% |
| Amounts payable within one year42/48 | €33k | €24k | €58k | €51k | €8k | ▼ 83.7% |
| Trade debts44 | €27k | €23k | €17k | €15k | €7k | ▼ 50.5% |
| Suppliers440/4 | - | €23k | €17k | €15k | €7k | ▼ 50.5% |
| Taxes, remuneration and social security45 | - | €988 | €5k | €5k | €1k | ▼ 78.7% |
| Taxes450/3 | - | €988 | €5k | €5k | €1k | ▼ 78.7% |
| Other amounts payable47/48 | - | €438 | €36k | €32k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-21k | €115 | €11k | €14k | ▲ 19.5% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €2k | €2k | ▲ 0.5% |
| Operating cash flow (approximation) | €14k | €-20k | €1k | €13k | €15k | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €29k | €-2k | €-64k | €38k | ▲ 159% |
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 2026, expected by
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €14k ▲19.5%
Net result €14k, the highest in the series.
30-06
Financial
Liquidity times 5current ratio 9.26
Current ratio from 2.05 to 9.26; short-term debt falls from €51k to €8k.
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €100kEq €105k ▲12.1%
2 profitable years in a row build equity to €105k.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €115
Net result €115 after one loss-making year.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €150kEq €152k ▲9%
3 profitable years in a row build equity to €152k.
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Waterloo · 1 establishment unit since 2008
Ground area
1,617 m²
Building footprint
264 m²
Volume, LiDAR
1,891 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAIAK en russe
since 20082.169.849.022
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0439/00Y000 | Wallonia | 1,057 m² | 1 · 151 m² | 9.9 m · 3 fl. |
| 25763K0336/00B000 | Wallonia | 559 m² | 1 · 113 m² | 8.2 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
984500513F46FF36E433
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,848 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2008
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
schwering@maiak.beWaterloo
Phone
02/771.21.79Waterloo
Fax
02/771.21.79Waterloo
Scores and ratios are computed by Checked and are not a credit decision.