MAISON COLLARD
ActiveSummary
MAISON COLLARD has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,961 and a net result of -€25,055. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▼-3
Solvency48▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.07 in 2024; short-term debt: 56.9% and cash: 1.8% of total assets), and 77.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€25,055
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 07-04-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
11 d early
2023
1 d early
2022
38 d early
2021
11 d early
2020
24 d early
2019
23 d early
← 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 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Welkenraedt, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,055▼ 177%
2024 · -€9,056
Working capital
-€365,616▲ 3.3%
2024 · -€377,977
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-€28,147▼ 42.6%-€26,140▲ 7.1%-€13,634▲ 47.8%-€21,072▼ 54.6%-€23,868▼ 13.3%
Net result-€29,632▼ 45.0%-€47,304▼ 59.6%-€15,616▲ 67.0%-€9,056▲ 42.0%-€25,055▼ 177%
Equity€250,991▼ 10.6%€203,687▼ 18.8%€188,071▼ 7.7%€179,016▼ 4.8%€153,961▼ 14.0%
Total assets€802,143▲ 95.2%€803,691▲ 0.2%€755,886▼ 5.9%€747,931▼ 1.1%€678,893▼ 9.2%
Debt€533,827▲ 376%€583,585▲ 9.3%€552,300▼ 5.4%€554,305▲ 0.4%€511,228▼ 7.8%
Working capital-€193,795-€380,105▼ 96.1%-€354,388▲ 6.8%-€377,977▼ 6.7%-€365,616▲ 3.3%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,868 in 2025 against €21,072 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €678,893
Fixed assets
€658,393 ▼ 8.5%
Current assets
€20,500 ▼ 27.5%
Equity and liabilities €678,893
Equity
€153,961 ▼ 14.0%
Provisions
€13,704 ▼ 6.2%
Debt
€511,228 ▼ 7.8%
Debt's share of the balance-sheet total rises from 74.1% to 75.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46,573▲
2024 · €44,807
Cash flow
€45,387▼
2024 · €56,823
Current ratio
0.05▼
2024 · 0.07
Debt to equity
3.32▲
2024 · 3.10
ROE
-16.3%▼
2024 · -5.1%
ROA
-3.7%▼
2024 · -1.2%
Interest coverage
24.46▲
2024 · 21.25
Debt ≤ 1 year
€386,116▼
2024 · €406,242
Debt > 1 year
€124,913▼
2024 · €147,213
Income taxes
€188▼
2024 · €355
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,501 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,514 | €65,606 | €69,928 | €65,879 | €70,441 | ▲ 6.9% |
| Other operating charges640/8 | €2,827 | €3,248 | €6,124 | €8,724 | €5,915 | ▼ 32.2% |
| Gross operating margin9900 | €13,193 | €42,714 | €62,418 | €53,531 | €52,488 | ▼ 1.9% |
| Operating profit (loss)9901 | -€28,147 | -€26,140 | -€13,634 | -€21,072 | -€23,868 | ▼ 13.3% |
| Financial income75/76B | €1,334 | - | - | €13,575 | €0 | ▼ 100% |
| Recurring financial income75 | €1,334 | - | - | €13,575 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €13,575 | €0 | ▼ 100% |
| Financial charges65/66B | €3,244 | €4,439 | €2,532 | €2,108 | €1,904 | ▼ 9.7% |
| Recurring financial charges65 | €3,244 | €4,439 | €2,532 | €2,108 | €1,904 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | -€30,057 | -€30,578 | -€16,166 | -€9,605 | -€25,772 | ▼ 168% |
| Transfer from deferred taxes780 | €779 | €905 | €905 | €905 | €905 | = |
| Income taxes67/77 | €353 | €17,630 | €355 | €355 | €188 | ▼ 47.1% |
| Profit (loss) for the period9904 | -€29,632 | -€47,304 | -€15,616 | -€9,056 | -€25,055 | ▼ 177% |
| Transfer from tax-exempt reserves789 | €3,026 | €3,533 | €3,533 | €3,533 | €3,533 | = |
| Profit (loss) for the period to be appropriated9905 | -€26,605 | -€43,771 | -€12,083 | -€5,523 | -€21,522 | ▼ 290% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €802,143 | €803,691 | €755,886 | €747,931 | €678,893 | ▼ 9.2% |
| Fixed assets21/28 | €667,467 | €791,320 | €727,201 | €719,665 | €658,393 | ▼ 8.5% |
| Tangible fixed assets22/27 | €663,860 | €790,773 | €726,655 | €719,119 | €657,847 | ▼ 8.5% |
| Land and buildings22 | €597,166 | €701,297 | €658,516 | €624,779 | €596,920 | ▼ 4.5% |
| Plant, machinery and equipment23 | €63,577 | €87,737 | €67,777 | €43,102 | €20,534 | ▼ 52.4% |
| Furniture and vehicles24 | €3,117 | €1,740 | €362 | €51,238 | €40,393 | ▼ 21.2% |
| Financial fixed assets28 | €3,608 | €546 | €546 | €546 | €546 | = |
| Current assets29/58 | €134,675 | €12,372 | €28,685 | €28,265 | €20,500 | ▼ 27.5% |
| Amounts receivable within one year40/41 | €18,425 | €4,086 | €3,708 | €3,813 | €4,451 | ▲ 16.7% |
| Trade receivables40 | €18,278 | €3,902 | €3,659 | €3,744 | €4,008 | ▲ 7.0% |
| Other amounts receivable41 | €147 | €184 | €49 | €69 | €443 | ▲ 547% |
| Current investments50/53 | €87 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €111,525 | €5,123 | €21,871 | €20,693 | €12,293 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | €4,638 | €3,163 | €3,105 | €3,759 | €3,756 | ▼ 0.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €802,143 | €803,691 | €755,886 | €747,931 | €678,893 | ▼ 9.2% |
| Equity10/15 | €250,991 | €203,687 | €188,071 | €179,016 | €153,961 | ▼ 14.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €267,670 | €264,137 | €260,604 | €257,072 | €253,539 | ▼ 1.4% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | €86,625 | €83,092 | €79,559 | €76,027 | €72,494 | ▼ 4.6% |
| Distributable reserves133 | €179,045 | €179,045 | €179,045 | €179,045 | €179,045 | = |
| Profit (loss) carried forward14 | -€36,679 | -€80,450 | -€92,533 | -€98,056 | -€119,578 | ▼ 21.9% |
| Provisions and deferred taxes16 | €17,325 | €16,420 | €15,515 | €14,609 | €13,704 | ▼ 6.2% |
| Deferred taxes168 | €17,325 | €16,420 | €15,515 | €14,609 | €13,704 | ▼ 6.2% |
| Amounts payable17/49 | €533,827 | €583,585 | €552,300 | €554,305 | €511,228 | ▼ 7.8% |
| Amounts payable after more than one year17 | €205,356 | €191,107 | €169,227 | €147,213 | €124,913 | ▼ 15.1% |
| Financial debts170/4 | €205,356 | €183,707 | €161,827 | €139,713 | €117,363 | ▼ 16.0% |
| Other amounts payable178/9 | - | €7,400 | €7,400 | €7,500 | €7,550 | ▲ 0.7% |
| Amounts payable within one year42/48 | €328,471 | €392,477 | €383,073 | €406,242 | €386,116 | ▼ 5.0% |
| Current portion of amounts payable after more than one year42 | €19,644 | €21,649 | €21,880 | €22,114 | €22,350 | ▲ 1.1% |
| Trade debts44 | €3,457 | €2,543 | €5,439 | €6,300 | €2,380 | ▼ 62.2% |
| Suppliers440/4 | €3,457 | €2,543 | €5,439 | €6,300 | €2,380 | ▼ 62.2% |
| Taxes, remuneration and social security45 | €19,945 | €23,187 | €2,952 | €1,685 | €2,395 | ▲ 42.1% |
| Taxes450/3 | €19,945 | €23,187 | €2,952 | €1,685 | €2,395 | ▲ 42.1% |
| Other amounts payable47/48 | €285,425 | €345,098 | €352,802 | €376,143 | €358,991 | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | - | - | €850 | €200 | ▼ 76.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,632 | -€47,304 | -€15,616 | -€9,056 | -€25,055 | ▼ 177% |
| + Depreciation and write-downs630 | €38,514 | €65,606 | €69,928 | €65,879 | €70,441 | ▲ 6.9% |
| Operating cash flow (approximation) | €8,882 | €18,302 | €54,312 | €56,823 | €45,387 | ▼ 20.1% |
| Investment in fixed assets (approximation) | - | -€189,458 | -€5,810 | -€58,343 | -€9,169 | ▲ 84.3% |
| Change in cash | - | -€106,402 | €16,748 | -€1,178 | -€8,400 | ▼ 613% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€47,304
Net result drops to -€47,304, the lowest in the series; recovery starts the following year.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Welkenraedt · 1 establishment unit since 1992
Ground area
344 m²
Building footprint
58 m²
Volume, LiDAR
514 m³
Parcel 63032E0166/02K000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Quatre-Chemins 2, 4841 Welkenraedt
since 19922.058.575.471
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63032E0166/02K000 | Wallonia | 344 m² | 1 · 58 m² | 9.5 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.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,618 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
Founded31-03-1992
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
46216Wholesale of agricultural produce and animal feed, general range
46322Wholesale trade
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447028458
Registered
23-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.