MAIDAM
ActiveSummary
The computed 12-month bankruptcy probability of MAIDAM is 1.7% (moderate). The 2025 annual accounts show equity of €162,120 and a net result of €28,585. Equity is growing by ~34.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 8061 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
General electrical installation work
NACE 43211
1 site
How big
€208,320total assets 2025
- Equity
- €162,120
- Profit
- €28,585
Turnover not published (abridged schema)
Who decides
Accounts filed 55 d late0 of 2 deeds read
Why 70- Limited track record- Higher-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency100▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 4.25 against 2.8 in 2024; short-term debt: 22.2% and cash: 4.7% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
77.8%
Return on assets
13.7%
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 24-09-2026, 55 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 · 6 filingsDeviation from the deadline
2025
55 d late
2024
55 d late
2023
57 d late
2022
70 d late
2021
16 d early
2020
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Equity above €150,000Eq €162,120 ▲21.4%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €208,320Profit €28,585Solvency 77.8%Liquidity 4.25
Total assets
€208,320▲ 5.3%
2020 - 2025
Net result
€28,585▲ 11.8%
2020 - 2025
Equity
€162,120▲ 21.4%
2020 - 2025
Staff (FTE)
1=
2023 - 2024
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,171▼ 15.0%€40,510▲ 111%€85,329▲ 111%€42,363▼ 50.4%€45,759▲ 8.0%
Net result€14,531within the sector's middle half▼ 20.5%€29,678above the sector's middle half▲ 104%€63,478above the sector's middle half▲ 114%€25,569within the sector's middle half▼ 59.7%€28,585within the sector's middle half▲ 11.8%
Equity€32,810within the sector's middle half▲ 79.5%€62,488within the sector's middle half▲ 90.5%€107,966within the sector's middle half▲ 72.8%€133,535within the sector's middle half▲ 23.7%€162,120within the sector's middle half▲ 21.4%
Total assets€73,879within the sector's middle half▲ 34.8%€119,216within the sector's middle half▲ 61.4%€222,109within the sector's middle half▲ 86.3%€197,808within the sector's middle half▼ 10.9%€208,320below the sector's middle half▲ 5.3%
Debt€41,069▲ 12.4%€56,728▲ 38.1%€114,143▲ 101%€64,273▼ 43.7%€46,200▼ 28.1%
Working capital€20,869within the sector's middle half▲ 88.1%€54,562within the sector's middle half▲ 161%€91,968above the sector's middle half▲ 68.6%€115,668above the sector's middle half▲ 25.8%€150,007within the sector's middle half▲ 29.7%
Solvency44.4%within the sector's middle half▲ 11.1pp52.4%within the sector's middle half▲ 8.0pp48.6%within the sector's middle half▼ 3.8pp67.5%within the sector's middle half▲ 18.9pp77.8%above the sector's middle half▲ 10.3pp
Current ratio1.51within the sector's middle half▲ 0.201.96within the sector's middle half▲ 0.451.81within the sector's middle half▼ 0.162.80within the sector's middle half▲ 0.994.25above the sector's middle half▲ 1.45
Return on assets (ROA)19.7%above the sector's middle half▼ 13.7pp24.9%above the sector's middle half▲ 5.2pp28.6%above the sector's middle half▲ 3.7pp12.9%within the sector's middle half▼ 15.7pp13.7%above the sector's middle half▲ 0.8pp
Staff (FTE)11=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208,320
Fixed assets
€12,113 ▼ 32.2%
Current assets
€196,207 ▲ 9.0%
Equity and liabilities €208,320
Equity
€162,120 ▲ 21.4%
Debt
€46,200 ▼ 28.1%
Debt's share of the balance-sheet total falls from 32.5% to 22.2%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€54,136▲
2024 · €49,698
Cash flow
€36,962▲
2024 · €32,904
Debt to equity
0.28▼
2024 · 0.48
ROE
17.6%▼
2024 · 19.1%
Interest coverage
5.17▲
2024 · 5.05
Debt ≤ 1 year
€46,200▼
2024 · €64,273
Income taxes
€8,117▼
2024 · €8,575
Staff costs
€8,833▼
2024 · €15,699
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,549 | - | €16,369 | €15,699 | €8,833 | ▼ 43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,934 | €5,840 | €6,158 | €7,335 | €8,377 | ▲ 14.2% |
| Other operating charges640/8 | €1,986 | €796 | €2,344 | €4,327 | €5,775 | ▲ 33.5% |
| Non-recurring operating charges66A | - | €3,100 | - | - | - | - |
| Gross operating margin9900 | €26,640 | €50,246 | €110,200 | €69,724 | €68,744 | ▼ 1.4% |
| Operating profit (loss)9901 | €19,171 | €40,510 | €85,329 | €42,363 | €45,759 | ▲ 8.0% |
| Financial income75/76B | €422 | €796 | €1,398 | €1,627 | €1,417 | ▼ 12.9% |
| Recurring financial income75 | €422 | €796 | €1,398 | €1,627 | €1,417 | ▼ 12.9% |
| Financial charges65/66B | €964 | €1,225 | €5,241 | €9,846 | €10,474 | ▲ 6.4% |
| Recurring financial charges65 | €964 | €1,225 | €5,241 | €9,846 | €10,474 | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | €18,630 | €40,081 | €81,486 | €34,144 | €36,702 | ▲ 7.5% |
| Income taxes67/77 | €4,099 | €10,403 | €18,008 | €8,575 | €8,117 | ▼ 5.3% |
| Profit (loss) for the period9904 | €14,531 | €29,678 | €63,478 | €25,569 | €28,585 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €14,531 | €29,678 | €63,478 | €25,569 | €28,585 | ▲ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,879 | €119,216 | €222,109 | €197,808 | €208,320 | ▲ 5.3% |
| Fixed assets21/28 | €11,941 | €7,926 | €15,998 | €17,867 | €12,113 | ▼ 32.2% |
| Tangible fixed assets22/27 | €11,941 | €7,926 | €15,998 | €17,867 | €12,113 | ▼ 32.2% |
| Plant, machinery and equipment23 | €11,941 | €7,047 | €3,039 | €1,075 | €1,421 | ▲ 32.2% |
| Furniture and vehicles24 | - | €879 | €12,958 | €16,792 | €10,692 | ▼ 36.3% |
| Current assets29/58 | €61,938 | €111,290 | €206,111 | €179,941 | €196,207 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €59,290 | €58,437 | €119,132 | €101,656 | €180,522 | ▲ 77.6% |
| Trade receivables40 | €46,854 | €40,569 | €74,821 | €82,924 | €139,222 | ▲ 67.9% |
| Other amounts receivable41 | €12,436 | €17,867 | €44,310 | €18,732 | €41,300 | ▲ 120% |
| Cash at bank and in hand54/58 | €968 | €52,294 | €80,861 | €71,559 | €9,696 | ▼ 86.5% |
| Deferred charges and accrued income490/1 | €1,679 | €559 | €6,118 | €6,725 | €5,989 | ▼ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,879 | €119,216 | €222,109 | €197,808 | €208,320 | ▲ 5.3% |
| Equity10/15 | €32,810 | €62,488 | €107,966 | €133,535 | €162,120 | ▲ 21.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | - | - | - | - | €3,000 | - |
| Other1109/19 | - | - | - | - | €3,000 | - |
| Reserves13 | €300 | €300 | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | - | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | - | €300 | €300 | €300 | €300 | = |
| Distributable reserves133 | €300 | - | - | - | - | - |
| Profit (loss) carried forward14 | €29,510 | €59,188 | €104,666 | €130,235 | €158,820 | ▲ 21.9% |
| Amounts payable17/49 | €41,069 | €56,728 | €114,143 | €64,273 | €46,200 | ▼ 28.1% |
| Amounts payable within one year42/48 | €41,069 | €56,728 | €114,143 | €64,273 | €46,200 | ▼ 28.1% |
| Trade debts44 | €23,027 | €29,156 | €41,273 | €14,926 | €12,984 | ▼ 13.0% |
| Suppliers440/4 | €23,027 | €29,156 | €41,273 | €14,926 | €12,984 | ▼ 13.0% |
| Taxes, remuneration and social security45 | €18,042 | €27,571 | €54,869 | €49,347 | €33,216 | ▼ 32.7% |
| Taxes450/3 | €8,311 | €14,501 | €28,411 | €26,571 | €16,470 | ▼ 38.0% |
| Remuneration and social security454/9 | €9,731 | €13,070 | €26,459 | €22,776 | €16,746 | ▼ 26.5% |
| Other amounts payable47/48 | - | - | €18,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,531 | €29,678 | €63,478 | €25,569 | €28,585 | ▲ 11.8% |
| + Depreciation and write-downs630 | €3,934 | €5,840 | €6,158 | €7,335 | €8,377 | ▲ 14.2% |
| Operating cash flow (approximation) | €18,465 | €35,518 | €69,636 | €32,904 | €36,962 | ▲ 12.3% |
| Investment in fixed assets (approximation) | - | -€1,825 | -€14,230 | -€9,204 | -€2,623 | ▲ 71.5% |
| Change in cash | - | €51,326 | €28,567 | -€9,302 | -€61,863 | ▼ 565% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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DB Electric
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EVOLUTION
BE 0834.228.308
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B ET C
BE 0426.953.715
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,540 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
10 eventsLatest 24-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 55 days late
2025
31-12
Financial
Equity above €150,000Eq €162,120 ▲21.4%
6 profitable years in a row build equity to €162,120.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Highest result since 2020net €63,478 ▲114%
Operating result €85,329, net result €63,478, both a record.
31-12
Financial
Equity above €100,000Eq €107,966 ▲72.8%
4 profitable years in a row build equity to €107,966.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €14,531 ▼20.5%
Net result drops to €14,531, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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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Company details
Private limited company · founded 10-09-2019Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded10-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41003General construction of other non-residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43990Other specialised construction activities
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733899723
Also
9925:BE0733899723
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2019
Ground area
1,142 m²
Building footprint
211 m²
Volume, LiDAR
1,008 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAIDAM
since 2019unit no. 2.296.676.027
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0054/00B006 | Flanders | 792 m² | 1 · 125 m² | 7.4 m · 1 fl. |
| 37017C0047/00R000 | Flanders | 350 m² | 1 · 86 m² | 6.5 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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