MAISAM
InactiveMAISAM was declared bankrupt on 23-05-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed by liquidation by judgment of 26-11-2024, published in the Belgian State Gazette on 03-12-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 17-08-2022, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
109 d late
2020
208 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 159 days after 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 2021, micro schema
Equity
€1,493
2020 · -€90
Total assets
€32,129▲ 68.5%
2020 · €19,072
Net result
€1,583
2020 · -€90
Working capital
-€2,528▼ 2,709%
2020 · -€90
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
Line20202021
Operating result-€42-€2,000
Net result-€90-€1,583
Equity-€90-€1,493
Total assets€19,072-€32,129▲ 68.5%
Debt€19,162-€30,636▲ 59.9%
Working capital-€90--€2,528▼ 2,709%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €2,000 after a loss of €42 in 2020.
Balance-sheet composition
Assets €32,129
Fixed assets
€4,021
Current assets
€28,108
Equity and liabilities €32,129
Equity
€1,493
Debt
€30,636
Debt finances 95.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€2,138
Cash flow
€1,721
Current ratio
0.92▼
2020 · 1.00
Quick ratio
0.45▲
2020 · 0.06
Debt to equity
20.52
ROE
106.0%
ROA
4.9%▲
2020 · -0.5%
Interest coverage
8.48
Debt ≤ 1 year
€30,636▲
2020 · €19,162
Income taxes
€165
Staff costs
€4,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4,089 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €138 | - |
| Other operating charges640/8 | - | €3,993 | - |
| Gross operating margin9900 | €756 | €10,220 | ▲ 1,252% |
| Operating profit (loss)9901 | -€42 | €2,000 | ▲ 4,862% |
| Financial charges65/66B | - | €252 | - |
| Recurring financial charges65 | €48 | €252 | ▲ 425% |
| Profit (loss) for the period before taxes9903 | -€90 | €1,748 | ▲ 2,042% |
| Income taxes67/77 | - | €165 | - |
| Profit (loss) for the period9904 | -€90 | €1,583 | ▲ 1,859% |
| Profit (loss) for the period to be appropriated9905 | -€90 | €1,583 | ▲ 1,859% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,072 | €32,129 | ▲ 68.5% |
| Fixed assets21/28 | - | €4,021 | - |
| Tangible fixed assets22/27 | - | €421 | - |
| Furniture and vehicles24 | - | €421 | - |
| Financial fixed assets28 | - | €3,600 | - |
| Current assets29/58 | €19,072 | €28,108 | ▲ 47.4% |
| Stocks and contracts in progress3 | €17,988 | €14,468 | ▼ 19.6% |
| Stocks30/36 | - | €14,468 | - |
| Amounts receivable within one year40/41 | - | €10,159 | - |
| Trade receivables40 | - | €10,000 | - |
| Other amounts receivable41 | - | €159 | - |
| Cash at bank and in hand54/58 | €1,084 | €3,481 | ▲ 221% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,072 | €32,129 | ▲ 68.5% |
| Equity10/15 | -€90 | €1,493 | ▲ 1,759% |
| Profit (loss) carried forward14 | -€90 | €1,493 | ▲ 1,759% |
| Amounts payable17/49 | €19,162 | €30,636 | ▲ 59.9% |
| Amounts payable within one year42/48 | €19,162 | €30,636 | ▲ 59.9% |
| Trade debts44 | €14,959 | €11,442 | ▼ 23.5% |
| Suppliers440/4 | - | €11,442 | - |
| Advances received on contracts in progress46 | - | €15,000 | - |
| Taxes, remuneration and social security45 | - | €4,194 | - |
| Taxes450/3 | - | €105 | - |
| Remuneration and social security454/9 | - | €4,089 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€90 | €1,583 | ▲ 1,859% |
| + Depreciation and write-downs630 | - | €138 | - |
| Operating cash flow (approximation) | -€90 | €1,721 | ▲ 2,012% |
| Change in cash | - | €2,397 | - |
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
2024
03-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Brussel · event 26-11-2024
2023
26-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 23-05-2023
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 208 days late
30-09
Financial
Back to profitnet €1,583
Net result €1,583 after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAARTEN BENTEIN EDMOND TOLLENAERE-
STRAAT 56-76 B23, 1020 BRUSSEL 2- maart |
23-05-2023 → 26-11-2024 |