MAIN
ActiveSummary
MAIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€4,757) and a net result of -€18,152. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 8% of 8091 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 8091 sector peers (2025).
NBB · sector comparisonPosition among 8091 sector peers
Solvency
better than 8%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
20 d early
2022
24 d early
2021
16 d early
2020
22 d early
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€4,757
2024 · €262,513
Net result
-€18,152▲ 45.4%
2024 · -€33,258
Total assets
€202,177▼ 23.5%
2024 · €264,245
Solvency
-2.4%▼ 101.7pp
2024 · 99.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€52,762▼ 9.2%-€47,307▲ 10.3%-€42,157▲ 10.9%-€32,893▲ 22.0%-€18,338▲ 44.2%
Net result-€53,352below the sector's middle half▼ 9.0%-€47,556below the sector's middle half▲ 10.9%-€42,647below the sector's middle half▲ 10.3%-€33,258below the sector's middle half▲ 22.0%-€18,152below the sector's middle half▲ 45.4%
Equity€385,974within the sector's middle half▼ 12.1%€338,418within the sector's middle half▼ 12.3%€295,770within the sector's middle half▼ 12.6%€262,513within the sector's middle half▼ 11.2%-€4,757below the sector's middle half
Total assets€387,286within the sector's middle half▼ 12.0%€340,782within the sector's middle half▼ 12.0%€297,631within the sector's middle half▼ 12.7%€264,245within the sector's middle half▼ 11.2%€202,177within the sector's middle half▼ 23.5%
Debt€1,312▲ 52.1%€2,365▲ 80.3%€1,860▼ 21.3%€1,733▼ 6.9%€206,934▲ 11,843%
Working capital€194,119above the sector's middle half▼ 24.2%€169,146above the sector's middle half▼ 12.9%€146,570within the sector's middle half▼ 13.3%€133,383within the sector's middle half▼ 9.0%-€114,071below the sector's middle half
Solvency99.7%above the sector's middle half▼ 0.1pp99.3%above the sector's middle half▼ 0.4pp99.4%above the sector's middle half▲ 0.1pp99.3%above the sector's middle half=-2.4%below the sector's middle half▼ 101.7pp
Current ratio72.53above the sector's middle half79.79above the sector's middle half▲ 7.2677.98above the sector's middle half▼ 1.810.45below the sector's middle half▼ 77.53
Return on assets (ROA)-13.8%below the sector's middle half▼ 2.7pp-14.0%below the sector's middle half▼ 0.2pp-14.3%below the sector's middle half▼ 0.4pp-12.6%below the sector's middle half▲ 1.7pp-9.0%below the sector's middle half▲ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,338 in 2025 against €32,893 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202,177
Fixed assets
€109,313 ▼ 15.3%
Current assets
€92,863 ▼ 31.3%
Key figures and ratios
Debt ≤ 1 year
€206,934▲
2024 · €1,733
Income taxes
€460▲
2024 · €388
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 | €1,319 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,127 | €22,583 | €20,071 | €20,071 | €19,816 | ▼ 1.3% |
| Other operating charges640/8 | €1,148 | €1,186 | €1,246 | €883 | €1,309 | ▲ 48.2% |
| Non-recurring operating charges66A | €3,900 | - | - | - | - | - |
| Gross operating margin9900 | -€22,588 | -€23,537 | -€20,840 | -€11,939 | €2,787 | ▲ 123% |
| Operating profit (loss)9901 | -€52,762 | -€47,307 | -€42,157 | -€32,893 | -€18,338 | ▲ 44.2% |
| Financial income75/76B | €5 | €250 | €0 | €130 | €791 | ▲ 507% |
| Recurring financial income75 | €5 | €250 | €0 | €130 | €791 | ▲ 507% |
| Financial charges65/66B | €76 | €96 | €115 | €107 | €145 | ▲ 35.3% |
| Recurring financial charges65 | €76 | €96 | €115 | €107 | €145 | ▲ 35.3% |
| Profit (loss) for the period before taxes9903 | -€52,833 | -€47,153 | -€42,272 | -€32,870 | -€17,692 | ▲ 46.2% |
| Income taxes67/77 | €518 | €403 | €376 | €388 | €460 | ▲ 18.7% |
| Profit (loss) for the period9904 | -€53,352 | -€47,556 | -€42,647 | -€33,258 | -€18,152 | ▲ 45.4% |
| Profit (loss) for the period to be appropriated9905 | -€53,352 | -€47,556 | -€42,647 | -€33,258 | -€18,152 | ▲ 45.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €387,286 | €340,782 | €297,631 | €264,245 | €202,177 | ▼ 23.5% |
| Fixed assets21/28 | €191,855 | €169,271 | €149,201 | €129,130 | €109,313 | ▼ 15.3% |
| Tangible fixed assets22/27 | €191,855 | €169,271 | €149,201 | €129,130 | €109,313 | ▼ 15.3% |
| Land and buildings22 | €150,786 | €140,015 | €129,245 | €118,475 | €107,704 | ▼ 9.1% |
| Furniture and vehicles24 | €35,313 | €26,553 | €17,793 | €9,033 | €528 | ▼ 94.2% |
| Other tangible fixed assets26 | €5,756 | €2,703 | €2,162 | €1,622 | €1,081 | ▼ 33.3% |
| Current assets29/58 | €195,431 | €171,511 | €148,430 | €135,116 | €92,863 | ▼ 31.3% |
| Amounts receivable within one year40/41 | €11,716 | €14,097 | €16,925 | €33,800 | - | - |
| Trade receivables40 | - | €1,755 | €1,755 | - | - | - |
| Other amounts receivable41 | €11,716 | €12,342 | €15,170 | €33,800 | - | - |
| Cash at bank and in hand54/58 | €178,118 | €151,554 | €129,934 | €99,971 | €92,470 | ▼ 7.5% |
| Deferred charges and accrued income490/1 | €5,596 | €5,860 | €1,572 | €1,345 | €393 | ▼ 70.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €387,286 | €340,782 | €297,631 | €264,245 | €202,177 | ▼ 23.5% |
| Equity10/15 | €385,974 | €338,418 | €295,770 | €262,513 | -€4,757 | ▼ 102% |
| Contributions10/11 | €449,118 | €449,118 | €449,118 | €449,118 | €200,000 | ▼ 55.5% |
| Reserves13 | €33,231 | €33,231 | €31,000 | €31,000 | €31,000 | = |
| Non-distributable reserves130/1 | €2,231 | €2,231 | - | - | - | - |
| Reserves not available under the articles1311 | €2,231 | €2,231 | - | - | - | - |
| Distributable reserves133 | €31,000 | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Profit (loss) carried forward14 | -€96,375 | -€143,932 | -€184,348 | -€217,605 | -€235,757 | ▼ 8.3% |
| Amounts payable17/49 | €1,312 | €2,365 | €1,860 | €1,733 | €206,934 | ▲ 11,843% |
| Amounts payable within one year42/48 | €1,312 | €2,365 | €1,860 | €1,733 | €206,934 | ▲ 11,843% |
| Trade debts44 | €795 | €1,961 | €1,860 | €1,384 | €333 | ▼ 75.9% |
| Suppliers440/4 | €795 | €1,961 | €1,860 | €1,384 | €333 | ▼ 75.9% |
| Taxes, remuneration and social security45 | €517 | €403 | - | €349 | €760 | ▲ 118% |
| Taxes450/3 | €517 | €403 | - | €349 | €760 | ▲ 118% |
| Other amounts payable47/48 | - | - | - | - | €205,841 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53,352 | -€47,556 | -€42,647 | -€33,258 | -€18,152 | ▲ 45.4% |
| + Depreciation and write-downs630 | €25,127 | €22,583 | €20,071 | €20,071 | €19,816 | ▼ 1.3% |
| Operating cash flow (approximation) | -€28,225 | -€24,973 | -€22,576 | -€13,187 | €1,664 | ▲ 113% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€26,565 | -€21,620 | -€29,963 | -€7,501 | ▲ 75.0% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€53,352
Net result drops to -€53,352, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 6current ratio 297.97
Current ratio from 46.67 to 297.97; short-term debt falls from €6,314 to €862.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Back to profitnet €31,085
Net result €31,085 after one loss-making year.
31-12
Financial
Liquidity times 209current ratio 46.67
Current ratio from 0.22 to 46.67; short-term debt falls from €33,070 to €6,314.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Ranst · 1 establishment unit since 2014
Ground area
547 m²
Building footprint
131 m²
Volume, LiDAR
602 m³
Parcel 11010C0286/00B000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MA-IN
since 20142.234.195.852
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010C0286/00B000 | Flanders | 547 m² | 1 · 131 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,687 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
Founded25-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0560676628
Also
9925:BE0560676628
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.