MAIL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €181k and a net result of €67k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 9622 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-3
Solvency38▼-39
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.33 against 1.16 in 2023; short-term debt: 62.3% and cash: 10.6% of total assets), and 87% of the assets are financed with debt.
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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9622 sector peers (2024).
NBB · sector comparisonPosition among 9622 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
71 d early
2022
22 d late
2021
30 d late
2020
58 d late
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€181k▼ 75.5%
2023 · €739k
2018: €453k
2019: €256k
2020: €361k
2021: €506k
2022: €629k
2023: €739k
2018 → 2024
Total assets
€1.39M▼ 1.7%
2023 · €1.42M
2018: €1.19M
2019: €1.32M
2020: €1.33M
2021: €1.40M
2022: €1.52M
2023: €1.42M
2018 → 2024
Net result
€67k▼ 39.5%
2023 · €110k
2018: €76k
2019: €53k
2020: €105k
2021: €145k
2022: €123k
2023: €110k
2018 → 2024
Working capital
€-584k
2023 · €37k
2018: €233k
2019: €-17k
2020: €2k
2021: €36k
2022: €-20k
2023: €37k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€361k-€506k▲ 40.1%€629k▲ 24.4%€739k▲ 17.5%€181k▼ 75.5%
Operating result€150k-€202k▲ 35.0%€173k▼ 14.4%€154k▼ 11.3%€95k▼ 38.3%
Net result€105k-€145k▲ 37.6%€123k▼ 14.8%€110k▼ 10.8%€67k▼ 39.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€1.11M▼ 2.9%
Current assets
€285k▲ 3.2%
Equity and liabilities €1.39M
Equity
€181k▼ 75.5%
Provisions
€94k=
Debt
€1.12M▲ 91.4%
The debt ratio rises from 41.2% to 80.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€140k▼
2023 · €213k
Cash flow
€112k▼
2023 · €169k
Solvency
13.0%▼
2023 · 52.1%
Current ratio
0.33▼
2023 · 1.16
Quick ratio
0.24▼
2023 · 0.83
Debt / equity
6.18▲
2023 · 0.79
ROE
36.8%▲
2023 · 14.9%
ROA
4.8%▼
2023 · 7.8%
Interest coverage
15.51▼
2023 · 19.03
Debt
€1.12M▲
2023 · €585k
Debt ≤ 1 year
€869k▲
2023 · €238k
Debt > 1 year
€248k▼
2023 · €346k
Income taxes
€19k▼
2023 · €33k
Staff costs
€196k▲
2023 · €138k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.42M€1.39M▼
Fixed assets21/28€1.14M€1.11M▼
Tangible fixed assets22/27€1.14M€1.11M▼
Land and buildings22€1.11M€1.08M▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€26k€28k▲
Current assets29/58€276k€285k▲
Stocks and contracts in progress3€79k€78k▼
Stocks30/36€79k€78k▼
Amounts receivable within one year40/41€26k€38k▲
Trade receivables40€2k€2k▼
Other amounts receivable41€24k€35k▲
Cash at bank and in hand54/58€143k€147k▲
Deferred charges and accrued income490/1€28k€22k▼
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.39M▼
Equity10/15€739k€181k▼
Contributions10/11€2.54M€1.92M▼
Capital10€2.54M€1.92M▼
Issued capital100€2.54M€1.92M▼
Profit (loss) carried forward14€-1.80M€-1.74M▲
Provisions and deferred taxes16€94k€94k=
Provisions for liabilities and charges160/5€94k€94k=
Pensions and similar obligations160€94k€94k=
Amounts payable17/49€585k€1.12M▲
Amounts payable after more than one year17€346k€248k▼
Financial debts170/4€346k€248k▼
Amounts payable within one year42/48€238k€869k▲
Current portion of amounts payable after more than one year42€108k€99k▼
Financial debts43-€136
Credit institutions430/8-€136
Trade debts44€106k€118k▲
Suppliers440/4€106k€118k▲
Taxes, remuneration and social security45€3k€10k▲
Remuneration and social security454/9€3k€10k▲
Other amounts payable47/48€22k€641k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€138k€196k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€46k▼
Other operating charges640/8€7k€9k▲
Non-recurring operating charges66A-€16
Gross operating margin9900€358k€345k▼
Operating profit (loss)9901€154k€95k▼
Financial income75/76B€381€10▼
Recurring financial income75€381€10▼
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€143k€86k▼
Income taxes67/77€33k€19k▼
Profit (loss) for the period9904€110k€67k▼
Profit (loss) for the period to be appropriated9905€110k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.80M€-1.74M▲
Profit (loss) brought forward from the previous period14P€-1.91M€-1.80M▲
Social balance
Average headcount (FTE)90873.95.5▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €145k ▲37.6%
Operating result €202k, net result €145k, both a record.
31-12
Financial
Equity above €500kEq €506k ▲40.1%
4 profitable years in a row build equity to €506k.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
31-12
Financial
Weakest financial yearnet €53k ▼29.5%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Damme · 1 establishment unit since 2000
Ground area
337 m²
Building footprint
100 m²
Volume, LiDAR
592 m³
Parcel 31019A0466/00S000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAIL NV
since 20002.082.740.844
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0466/00S000 | Flanders | 337 m² | 1 · 100 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
967600UFN0I54B7VAY63
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Of 1,266 companies in sector 47300 we hold annual accounts for 946. 777 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-06-1997
Fiscal year end31-12
Activities, NACEBEL
47300Retail sale of automotive fuel
47120Other non-specialised retail sale
47191Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.