MAINTENANCE ANALYSIS SYSTEMS
ActiveSummary
MAINTENANCE ANALYSIS SYSTEMS has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,462 and a net result of -€6,647. Equity has been shrinking by about 6.9% per year since 2018. Its solvency ranks better than 26% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-02-1998 Normal situation
- Activity
- Wholesale of other machinery and equipment NACE 46649and 3 others
- Establishment unit
- 2.087.006.369 3530 Houthalen-Helchteren, since 05-06-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €53,285
- ▲ 31.7%
- Turnover
- ≈ €280,000
- estimated
- Loss
- €6,647
- ▼ 70.6%
- Equity
- €70,462
- ▼ 8.6%
- Total assets
- €711,606
- ▼ 7.2%
- €5,816 of overdue tax debts on 31-12-2025
Score breakdownraises riskName on a sanctions listLiquidity: current ratio 2.96, cash €70, halvedEquity €70,462 (9.9% of total assets)lowers riskFounded in 1998Size: total assets €711,606Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 23% of them on solvency, 38% on liquidity, 39% on profitability and 27% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Name match with a sanctions list
1 entryA matching name does not mean the company is on the list. Check the entry at the source.
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 28 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a profit of €3,518, after a loss of €7,619 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | €7,226 | €6,584 | €14,249 | €5,816 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €58,165 | - | €63,038 | €4,463 | €3,015 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €41,566 | €41,291 | €40,912 | €42,550 | €43,051 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €14,521 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,447 | €51,396 | €40,082 | €41,566 | €41,291 | €40,912 | €42,550 | €43,051 | ▲ 1.2% |
| Other operating charges640/8 | - | - | - | €6,606 | €5,194 | €4,858 | €5,541 | €6,717 | ▲ 21.2% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - | - | - | - |
| Gross operating margin9900 | €137,378 | €73,440 | €22,546 | €74,740 | €82,603 | €50,579 | €40,471 | €53,285 | ▲ 31.7% |
| Operating profit (loss)9901 | €60,511 | €16,730 | -€24,011 | €26,568 | €36,118 | €4,809 | -€7,619 | €3,518 | - |
| Financial income75/76B | - | - | - | €31 | €53 | €0 | €5 | €1,765 | ▲ 351× |
| Recurring financial income75 | €7 | €75 | €796 | €31 | €53 | €0 | €5 | €1,765 | ▲ 351× |
| Financial charges65/66B | - | - | - | €19,221 | €17,470 | €14,454 | €15,031 | €11,930 | ▼ 20.6% |
| Recurring financial charges65 | €15,657 | €15,102 | €14,290 | €16,365 | €17,470 | €14,454 | €15,031 | €11,930 | ▼ 20.6% |
| Non-recurring financial charges66B | - | - | - | €2,856 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €44,860 | €1,702 | -€41,870 | €7,379 | €18,701 | -€9,645 | -€22,645 | -€6,647 | ▲ 70.6% |
| Income taxes67/77 | €668 | €613 | €545 | €245 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €44,192 | €1,089 | -€42,414 | €7,133 | €18,701 | -€9,645 | -€22,645 | -€6,647 | ▲ 70.6% |
| Profit (loss) for the period to be appropriated9905 | €44,192 | €1,089 | -€42,414 | €7,133 | €18,701 | -€9,645 | -€22,645 | -€6,647 | ▲ 70.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €776,035 | €780,821 | €728,782 | €779,796 | €763,294 | €782,216 | €767,001 | €711,606 | ▼ 7.2% |
| Fixed assets21/28 | €335,767 | €310,830 | €270,748 | €276,248 | €234,957 | €257,083 | €218,996 | €178,961 | ▼ 18.3% |
| Tangible fixed assets22/27 | €335,367 | €310,430 | €270,348 | €275,848 | €234,557 | €256,683 | €218,596 | €178,561 | ▼ 18.3% |
| Land and buildings22 | - | - | - | €229,566 | €202,231 | €229,407 | €202,540 | €171,106 | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €2,221 | €0 | €3,752 | €2,868 | €3,295 | ▲ 14.9% |
| Furniture and vehicles24 | - | - | - | €13,705 | €9,348 | €7,923 | €4,965 | €3,314 | ▼ 33.2% |
| Leasing and similar rights25 | - | - | - | €30,356 | €22,978 | €15,601 | €8,223 | €846 | ▼ 89.7% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €440,268 | €469,991 | €458,034 | €503,547 | €528,337 | €525,133 | €548,005 | €532,645 | ▼ 2.8% |
| Stocks and contracts in progress3 | €274,484 | €271,048 | €255,289 | €286,574 | €298,922 | €299,860 | €319,861 | €319,710 | = |
| Stocks30/36 | - | - | - | €286,574 | €298,922 | €299,860 | €319,861 | €319,710 | = |
| Amounts receivable within one year40/41 | €163,811 | €191,846 | €200,893 | €212,790 | €221,460 | €216,961 | €224,014 | €209,614 | ▼ 6.4% |
| Trade receivables40 | - | - | - | €211,800 | €221,460 | €216,961 | €224,014 | €209,614 | ▼ 6.4% |
| Other amounts receivable41 | - | - | - | €990 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,673 | €2,863 | €1,263 | €1,670 | €5,192 | €5,449 | €1,349 | €70 | ▼ 94.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,514 | €2,763 | €2,863 | €2,781 | €3,252 | ▲ 17.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €776,035 | €780,821 | €728,782 | €779,796 | €763,294 | €782,216 | €767,001 | €711,606 | ▼ 7.2% |
| Equity10/15 | €124,891 | €125,980 | €83,565 | €90,699 | €109,400 | €99,755 | €77,109 | €70,462 | ▼ 8.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | - | €253,000 | €253,000 | €253,000 | €253,000 | €253,000 | = |
| Reserves13 | €25,915 | €25,915 | €25,915 | €25,915 | €25,915 | €25,915 | €25,915 | €25,915 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €4,412 | €4,412 | €4,412 | €4,412 | €4,412 | = |
| Distributable reserves133 | - | - | - | €19,644 | €19,644 | €19,644 | €21,504 | €21,504 | = |
| Profit (loss) carried forward14 | -€172,625 | -€171,536 | -€213,950 | -€206,817 | -€188,116 | -€197,761 | -€220,406 | -€227,053 | ▼ 3.0% |
| Amounts payable17/49 | €651,145 | €654,842 | €645,217 | €689,097 | €653,895 | €682,462 | €689,892 | €641,144 | ▼ 7.1% |
| Amounts payable after more than one year17 | €460,195 | €480,419 | €455,510 | €457,408 | €441,994 | €480,922 | €456,284 | €460,929 | ▲ 1.0% |
| Financial debts170/4 | - | - | - | €289,645 | €251,905 | €256,807 | €218,154 | €207,375 | ▼ 4.9% |
| Other amounts payable178/9 | - | - | - | €167,764 | €190,089 | €224,116 | €238,129 | €253,555 | ▲ 6.5% |
| Amounts payable within one year42/48 | €185,592 | €161,609 | €183,765 | €227,236 | €207,083 | €201,540 | €229,932 | €180,215 | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €50,477 | €38,378 | €42,132 | €38,652 | €10,780 | ▼ 72.1% |
| Financial debts43 | - | - | - | €54,196 | €47,641 | €50,878 | €57,961 | €57,422 | ▼ 0.9% |
| Credit institutions430/8 | - | - | - | €54,196 | €47,641 | €50,878 | €57,961 | €57,422 | ▼ 0.9% |
| Trade debts44 | €79,742 | €56,009 | €79,125 | €111,085 | €109,185 | €94,290 | €113,495 | €102,484 | ▼ 9.7% |
| Suppliers440/4 | - | - | - | €111,085 | €109,185 | €94,290 | €113,495 | €102,484 | ▼ 9.7% |
| Taxes, remuneration and social security45 | - | - | - | €11,477 | €11,878 | €14,239 | €19,823 | €9,529 | ▼ 51.9% |
| Taxes450/3 | - | - | - | €7,227 | €11,878 | €12,739 | €18,323 | €9,529 | ▼ 48.0% |
| Remuneration and social security454/9 | - | - | - | €4,250 | €0 | €1,500 | €1,500 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €4,453 | €4,818 | €0 | €3,676 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,192 | €1,089 | -€42,414 | €7,133 | €18,701 | -€9,645 | -€22,645 | -€6,647 | ▲ 70.6% |
| + Depreciation and write-downs630 | €46,447 | €51,396 | €40,082 | €41,566 | €41,291 | €40,912 | €42,550 | €43,051 | ▲ 1.2% |
| Operating cash flow (approximation) | €90,639 | €52,485 | -€2,332 | €48,699 | €59,992 | €31,267 | €19,905 | €36,403 | ▲ 82.9% |
| Investment in fixed assets (approximation) | - | -€26,459 | €0 | -€47,066 | €0 | -€63,038 | -€4,463 | -€3,015 | ▲ 32.4% |
| Change in cash | - | €1,191 | -€1,601 | €407 | €3,522 | €257 | -€4,100 | -€1,279 | ▲ 68.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,104 companies had the same profile as MAINTENANCE ANALYSIS SYSTEMS has now. Two years later, 1.8% had gone bankrupt and 94.3% were still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAINTENANCE ANALYSIS SYSTEMS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for MAINTENANCE ANALYSIS SYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00208045 | |
| 31-12-2024 | micro format | 12-06-2025 | 2025-00139912 | |
| 31-12-2023 | micro format | 28-08-2024 | 2024-00395727 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00218672 | |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20337434 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57400584 | |
| 31-12-2019 | micro format | 15-09-2020 | 2020-53200118 | |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-50800179 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-35600162 | |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-30200550 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 22-02-2024 Converted to unavailable equity · €20,460
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Johan Ryckalts |
|
| Ryckalts John |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid verworven aantal als meer dan één koper, vermelde prijs in oorspronkelijke…”
Articles of association, deed of 22-02-2024 (in Dutch)
Network & group
MAINTENANCE ANALYSIS SYSTEMS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MAINTENANCE ANALYSIS SYSTEMS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-02
Gazette deed
Change of role: Ryckalts John, from statutory manager to statutory directorAppointment: Johan Ryckalts (statutory director) · Capital conversion · Reserve release15 points ▸
- General meeting, 22-01-2024
- Other provision, “onderwerping aan WVV en behoud rechtsvorm, statuten aanpassen aan Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Director resignation, Ryckalts John (statutory manager)
- Director appointment, Ryckalts John (statutory director)
- Director discharge, Ryckalts John
- Other provision, “aanpassing statuten zoals hierna vermeld” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening, beschikbaar” (deed in Dutch)
- Director appointment, Johan Ryckalts (statutory director)
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
3 activities
- Groothandel in lagers,en meetapparatuur
- Hard-en software van computers
- Onderhoud,herstelling en analyse van machines
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72015C0704/00K000 | Flanders | 3,032 m² | 1 · 661 m² | 6.8 m · 2 |