MAIN
ActiveSummary
MAIN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €29k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+29
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 16.6 against 4.37 in 2024; short-term debt: 3.5% and cash: 40% of total assets), and 3.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
96.5%
Return on assets
40.5%
Age of the figures
9 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
1819202122232425
2018 to 2025 · latest year €69k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
24 d early
2023
30 d early
2022
4 d early
2021
30 d late
2020
31 d late
2019
4 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€69k▲ 72.2%
2024 · €40k
Total assets
€72k▲ 47.6%
2024 · €48k
Net result
€29k▲ 3,714%
2024 · €759
Working capital
€39k▲ 39.3%
2024 · €28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€40k€-17k€-35k▼ 110%€1k€30k▲ 2,226%
Net result€40k€-13k€-35k▼ 163%€759€29k▲ 3,714%
Equity€88k▲ 82.0%€74k▼ 15.2%€39k▼ 47.1%€40k▲ 1.9%€69k▲ 72.2%
Total assets€104k▲ 74.7%€80k▼ 23.1%€44k▼ 45.1%€48k▲ 10.2%€72k▲ 47.6%
Debt€17k▲ 43.9%€6k▼ 65.1%€5k▼ 19.5%€8k▲ 80.0%€3k▼ 69.9%
Working capital€80k▲ 87.5%€54k▼ 32.8%€23k▼ 56.9%€28k▲ 21.2%€39k▲ 39.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2,226% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€30k ▲ 151%
Current assets
€42k ▲ 14.4%
Equity and liabilities €72k
Equity
€69k ▲ 72.2%
Debt
€3k ▼ 69.9%
Debt's share of the balance-sheet total falls from 17.3% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €5k
Cash flow
€36k▲
2024 · €5k
Current ratio
16.60▲
2024 · 4.37
Debt to equity
0.04▼
2024 · 0.21
ROE
41.9%▲
2024 · 1.9%
ROA
40.5%▲
2024 · 1.6%
Interest coverage
190.93▲
2024 · 18.54
Debt ≤ 1 year
€3k▼
2024 · €8k
Income taxes
€435▲
2024 · €218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €4k | €4k | €7k | ▲ 58.0% |
| Other operating charges640/8 | €566 | €405 | €664 | €451 | €465 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | - | €4k | - |
| Gross operating margin9900 | €43k | €-13k | €-30k | €6k | €41k | ▲ 595% |
| Operating profit (loss)9901 | €40k | €-17k | €-35k | €1k | €30k | ▲ 2,226% |
| Financial income75/76B | - | €4k | €0 | - | €0 | - |
| Recurring financial income75 | - | €4k | €0 | - | €0 | - |
| Financial charges65/66B | €347 | €493 | €148 | €295 | €190 | ▼ 35.7% |
| Recurring financial charges65 | €347 | €493 | €148 | €295 | €190 | ▼ 35.7% |
| Profit (loss) for the period before taxes9903 | €40k | €-13k | €-35k | €977 | €29k | ▲ 2,909% |
| Income taxes67/77 | €270 | €106 | €207 | €218 | €435 | ▲ 100.0% |
| Profit (loss) for the period9904 | €40k | €-13k | €-35k | €759 | €29k | ▲ 3,714% |
| Profit (loss) for the period to be appropriated9905 | €40k | €-13k | €-35k | €759 | €29k | ▲ 3,714% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104k | €80k | €44k | €48k | €72k | ▲ 47.6% |
| Fixed assets21/28 | €9k | €20k | €16k | €12k | €30k | ▲ 151% |
| Tangible fixed assets22/27 | €9k | €20k | €16k | €12k | €30k | ▲ 151% |
| Land and buildings22 | €5k | €4k | €4k | €3k | €4k | ▲ 11.3% |
| Plant, machinery and equipment23 | €208 | €2 | €0 | - | €2k | - |
| Furniture and vehicles24 | €2k | €15k | €11k | €8k | €23k | ▲ 206% |
| Other tangible fixed assets26 | €2k | €1k | €1k | €1k | €804 | ▼ 20.2% |
| Current assets29/58 | €95k | €60k | €28k | €37k | €42k | ▲ 14.4% |
| Amounts receivable within one year40/41 | €67k | €9k | €4k | €20k | €13k | ▼ 33.3% |
| Trade receivables40 | €24k | €8k | €3k | €20k | €11k | ▼ 43.6% |
| Other amounts receivable41 | €43k | €665 | €637 | €0 | €2k | - |
| Cash at bank and in hand54/58 | €28k | €50k | €23k | €17k | €29k | ▲ 72.6% |
| Deferred charges and accrued income490/1 | €66 | €416 | €694 | €396 | €179 | ▼ 54.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104k | €80k | €44k | €48k | €72k | ▲ 47.6% |
| Equity10/15 | €88k | €74k | €39k | €40k | €69k | ▲ 72.2% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves13 | €102k | €102k | €102k | €102k | €102k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €100k | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €-20k | €-34k | €-69k | €-68k | €-39k | ▲ 42.6% |
| Amounts payable17/49 | €17k | €6k | €5k | €8k | €3k | ▼ 69.9% |
| Amounts payable within one year42/48 | €15k | €6k | €5k | €8k | €3k | ▼ 69.9% |
| Trade debts44 | €8k | €1k | €821 | €149 | €849 | ▲ 471% |
| Suppliers440/4 | €8k | €1k | €821 | €149 | €849 | ▲ 471% |
| Taxes, remuneration and social security45 | €7k | €544 | €244 | €5k | €2k | ▼ 68.7% |
| Taxes450/3 | €7k | €544 | €244 | €5k | €2k | ▼ 65.5% |
| Remuneration and social security454/9 | - | - | - | €500 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €4k | €4k | €3k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €-13k | €-35k | €759 | €29k | ▲ 3,714% |
| + Depreciation and write-downs630 | €2k | €3k | €4k | €4k | €7k | ▲ 58.0% |
| Operating cash flow (approximation) | €42k | €-10k | €-31k | €5k | €36k | ▲ 618% |
| Investment in fixed assets (approximation) | - | €-15k | €0 | €0 | €-24k | - |
| Change in cash | - | €22k | €-27k | €-7k | €12k | ▲ 278% |
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
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 16.60
Current ratio from 4.37 to 16.60; short-term debt falls from €8k to €3k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €759
Net result €759 after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 8.87
Current ratio from 3.80 to 8.87; short-term debt falls from €45k to €12k.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
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, Kortenberg · 1 establishment unit since 2001
Ground area
1,831 m²
Building footprint
382 m²
Volume, LiDAR
2,399 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Weggevoerdenstraat 9, 3012 Leuven
since 20012.116.461.905
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126B0170/00P000 | Flanders | 1,459 m² | 1 · 215 m² | 10.3 m · 2 fl. |
| 24068A0031/00H000 | Flanders | 372 m² | 1 · 167 m² | 7.3 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.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,917 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 (pre-2019)
Founded13-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.