MAISA
InactiveInactive since 13-05-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-01-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
71 d early
2023
155 d early
2022
12 d early
2021
8 d early
2020
87 d early
2019
139 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 82 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2025, micro schema
Equity
€508,856▲ 0.6%
2024 · €505,867
Total assets
€524,374▼ 10.3%
2024 · €584,614
Net result
€2,989▲ 1,260%
2024 · €220
Working capital
€521,934▼ 10.3%
2024 · €581,781
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€11,389▼ 99.0%-€2,101-€3,554▼ 69.1%-€5,113▼ 43.9%-€4,435▲ 13.3%
Net result€37,441▼ 95.8%€20,370▼ 45.6%€22,297▲ 9.5%€220▼ 99.0%€2,989▲ 1,260%
Equity€462,980▲ 8.8%€483,351▲ 4.4%€505,647▲ 4.6%€505,867=€508,856▲ 0.6%
Total assets€478,588▼ 29.6%€560,746▲ 17.2%€583,638▲ 4.1%€584,614▲ 0.2%€524,374▼ 10.3%
Debt€15,607▼ 93.9%€77,395▲ 396%€77,991▲ 0.8%€78,747▲ 1.0%€15,518▼ 80.3%
Working capital€462,980▲ 8.8%€537,668▲ 16.1%€575,389▲ 7.0%€581,781▲ 1.1%€521,934▼ 10.3%
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 €4,435 in 2025 against €5,113 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €524,374
Equity
€508,856 ▲ 0.6%
Debt
€15,518 ▼ 80.3%
Debt's share of the balance-sheet total falls from 13.5% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.03▼
2024 · 0.16
ROE
0.6%▲
2024 · 0.0%
ROA
0.6%▲
2024 · 0.0%
Debt ≤ 1 year
€2,440▼
2024 · €2,833
Debt > 1 year
€13,078▼
2024 · €75,914
Income taxes
€1,120▲
2024 · €932
A ratio outside any meaningful range has been withheld (balance sheet total €524,374, equity €508,856).
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,923 | €2,127 | €432 | - | €707 | - |
| Gross operating margin9900 | €13,312 | €26 | -€3,122 | -€5,113 | -€3,728 | ▲ 27.1% |
| Operating profit (loss)9901 | €11,389 | -€2,101 | -€3,554 | -€5,113 | -€4,435 | ▲ 13.3% |
| Financial income75/76B | €48,547 | €29,787 | €38,083 | €13,037 | €11,207 | ▼ 14.0% |
| Recurring financial income75 | €48,547 | €29,787 | €38,083 | €13,037 | €11,207 | ▼ 14.0% |
| Financial charges65/66B | €242 | €526 | €4,338 | €6,772 | €2,663 | ▼ 60.7% |
| Recurring financial charges65 | €242 | €526 | €4,338 | €6,772 | €2,663 | ▼ 60.7% |
| Profit (loss) for the period before taxes9903 | €59,695 | €27,160 | €30,191 | €1,152 | €4,109 | ▲ 257% |
| Income taxes67/77 | €22,253 | €6,790 | €7,894 | €932 | €1,120 | ▲ 20.1% |
| Profit (loss) for the period9904 | €37,441 | €20,370 | €22,297 | €220 | €2,989 | ▲ 1,260% |
| Profit (loss) for the period to be appropriated9905 | €37,441 | €20,370 | €22,297 | €220 | €2,989 | ▲ 1,260% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €478,588 | €560,746 | €583,638 | €584,614 | €524,374 | ▼ 10.3% |
| Current assets29/58 | €478,588 | €560,746 | €583,638 | €584,614 | €524,374 | ▼ 10.3% |
| Amounts receivable within one year40/41 | €476,639 | €560,324 | €583,340 | €322,056 | €333,404 | ▲ 3.5% |
| Trade receivables40 | €6,000 | - | - | - | €121,000 | - |
| Other amounts receivable41 | €470,639 | €560,324 | €583,340 | €322,056 | €212,404 | ▼ 34.0% |
| Cash at bank and in hand54/58 | €1,949 | €422 | €298 | €262,558 | €190,970 | ▼ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €478,588 | €560,746 | €583,638 | €584,614 | €524,374 | ▼ 10.3% |
| Equity10/15 | €462,980 | €483,351 | €505,647 | €505,867 | €508,856 | ▲ 0.6% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €396,197 | €406,197 | €406,197 | €406,197 | €406,197 | = |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | €390,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Profit (loss) carried forward14 | €4,810 | €15,180 | €37,477 | €37,696 | €40,685 | ▲ 7.9% |
| Amounts payable17/49 | €15,607 | €77,395 | €77,991 | €78,747 | €15,518 | ▼ 80.3% |
| Amounts payable after more than one year17 | - | €54,317 | €69,742 | €75,914 | €13,078 | ▼ 82.8% |
| Other amounts payable178/9 | - | €54,317 | €69,742 | €75,914 | €13,078 | ▼ 82.8% |
| Amounts payable within one year42/48 | €15,607 | €23,078 | €8,249 | €2,833 | €2,440 | ▼ 13.9% |
| Trade debts44 | €544 | €1,225 | €817 | €2,526 | €1,013 | ▼ 59.9% |
| Suppliers440/4 | €544 | €1,225 | €817 | €2,526 | €1,013 | ▼ 59.9% |
| Taxes, remuneration and social security45 | €15,063 | €21,853 | €7,432 | €307 | €1,427 | ▲ 364% |
| Taxes450/3 | €15,063 | €21,853 | €7,432 | €307 | €1,427 | ▲ 364% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,441 | €20,370 | €22,297 | €220 | €2,989 | ▲ 1,260% |
| Operating cash flow (approximation) | €37,441 | €20,370 | €22,297 | €220 | €2,989 | ▲ 1,260% |
| Change in cash | - | -€1,526 | -€124 | €262,260 | -€71,588 | ▼ 127% |
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
16-03
State Gazette act
RestructuringCorporate document · Merger · Accounting effect10 facts ▸
State Gazette act
Restructuring
Corporate document · Merger · Accounting effect10 facts ▸
- Corporate document, 27-01-2026
- Merger, absorption
- Accounting effect, 01-10-2025
- Net-asset statement, 30-09-2025
- Net-asset statement, 30-09-2025
- Capital, €75.000
- Capital, €61.973
- Board composition, Martine Robberechts (director)
- Board composition, Julie Blijweert (director)
- Board composition, Martine Robberechts (director)
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 206.33
Current ratio from 70.75 to 206.33; short-term debt falls from €8,249 to €2,833.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Liquidity triplescurrent ratio 70.75
Current ratio from 24.30 to 70.75; short-term debt falls from €23,078 to €8,249.
30-09
Financial
Equity above €500,000Eq €505,647 ▲4.6%
4 profitable years in a row build equity to €505,647.
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 11current ratio 30.66
Current ratio from 2.68 to 30.66; short-term debt falls from €253,878 to €15,607.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €900,112
Net result €900,112 after 2 loss-making years.
Show earlier events
30-09
Financial
Equity above €200,000Eq €425,539 ▲192%
Equity rises from €145,927 to €425,539.
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
30-09
Financial
Weakest financial yearnet -€117,990
Net result drops to -€117,990, the lowest in the series.
30-09
Financial
Liquidity times 23current ratio 23.63
Current ratio from 1.01 to 23.63; short-term debt falls from €45,638 to €19,426.
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster
Ground area
3,762 m²
Building footprint
376 m²
Volume, LiDAR
2,843 m³
Parcel 42342C1541/00B002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42342C1541/00B002 | Flanders | 3,762 m² | 1 · 376 m² | 11.8 m · 3 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.
Articles of association
Purpose
De vennootschap heeft tot doel: 1° de onderneming in alle transacties met betrekking tot onroerende goederen... 2° het beheren van bedrijven... 3° Het beheren van eigen onroerend…
Full purpose
De vennootschap heeft tot doel: 1° de onderneming in alle transacties met betrekking tot onroerende goederen... 2° het beheren van bedrijven... 3° Het beheren van eigen onroerend en roerend vermogen...
Structure & network
Owners and holdings
1 ownerChain of control
- BASTIUM
- MAISA
Highest known parent: BASTIUM. The sources do not say who stands above it.
Owners 1
- BASTIUMparentSourceaccounts BASTIUM 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:LIBRA HOLDING
Capital and shareholders
Capital over the years
- 16-03-2026 Capital stated in the act · 61,973 EUR · 250 shares
Identification & contact
Identification
Legal formPublic limited company
Founded03-10-1996
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.