Equity
-€36,464
Debts exceed assets in financial year 2025.
MAISON FRERES
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €469,591 (2008)
€60,070▲ €72,799
lowest -€92,256 (2014)
€12,680▲ €77,626
peak €417,990 (2011)
-€36,464▲ €12,680
€228,900▼ 17.8%
peak 11.2 FTE (2008)
-not published
Board2 names since 2021
2 directorsMANISCALCO Maximilien and 1 other
Documentsfilings and deeds
21-09-202652 days late
2025abbreviated format
Gross margin from -€12,729 to €60,070Back to profit: €12,680Equity from -€49,144 to -€36,464Debts from €278,329 to €228,900
Key points
from the 2025 annual accountsResult
€12,680 €12,680
Back in profit in 2025, after a loss of €64,946 in 2024.
Turnover
≈ €290,000 estimated
The accounts state no turnover.
Debts
€228,900 119% of the balance sheet
Financial debts 33%Suppliers 7%Taxes and wages 5%Other 55%
Of this, €227,550 falls due within a year.
Filings
28 annual accounts since 1998
Eight of the last ten came late. The 2022 accounts came latest: 63 days after the end of the period.
Position in the sector
-€36,464
Less equity than 90% of companies in retail trade. Sector median €235,890 · 12,862 companies.
Checked score
54
Fair
Financially stronger than 32% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,276 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.8%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.3%▲ +0.3 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025
10-2025: 3.1%▲ +1.5 percentage points vs 09-2025
11-2025: 3.1%● unchanged vs 10-2025
12-2025: 3.1%● unchanged vs 11-2025
01-2026: 3.1%● unchanged vs 12-2025
02-2026: 3.1%● unchanged vs 01-2026
03-2026: 3.1%● unchanged vs 02-2026
04-2026: 3.0%▼ -0.1 percentage points vs 03-2026
05-2026: 3.0%● unchanged vs 04-2026
06-2026: 2.8%▼ -0.2 percentage points vs 05-2026
07-2026: 2.9%▲ +0.1 percentage points vs 06-2026
08-2026: 3.4%▲ +0.5 percentage points vs 07-2026
09-2026: 3.5%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.5%▼ -2.0 percentage points vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.72
Negative equity -€36,464
lowers risk
Size: total assets €192,436
Founded in 1997
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 47, micro). It does better than 14% of them on solvency, 1% on liquidity, 36% on profitability and 77% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as MAISON FRERES has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAISON FRERES itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 3,794 companies, not a prediction for MAISON FRERES. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.72 (0.68 in 2024), below 1. Short-term debt is 118.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 12852 sector peers (2025).
NBB · sector comparisonPosition among 12852 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · 2025 accounts filed 52 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
52 days late
2024
29 days late
2023
30 days early
2022
63 days late
2021
18 days late
2020
26 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0461441767
Reappointment: MANISCALCO Massimiliano (director)
General meeting of 18-06-2024 · Gazette deed
First establishment
Chaussée de Charleroi 77, Jemeppe-sur-Sambre
Incorporation
published on 24-09-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAISON FRERES Charleroi | €192,436 | €60,070 | -18.9% | - |
| DJAM'SERVICES - HOUSE CONCEPT Morlanwelz | €221,092 | €35,024 | 79.8% | - |
| HSB PRO Lievegem | €212,245 | €42,713 | 63.8% | - |
| ALGEMENE BEVEILIGING HELMONT Ostend | €213,722 | €84,060 | 77.1% | - |
| KREA TEGEL Mechelen | €287,725 | €61,777 | 39.6% | - |
| L & L Meise | €249,013 | €87,629 | 38.2% | - |
| TEGELBEDRIJF VIANE Veurne | €163,657 | €41,844 | 25.7% | - |
These companies have the same main activity as MAISON FRERES: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €164,000 and €288,000, founded between 1991 and 1999.
Official details
Source: KBO- Status
- Active since 12-09-1997Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range)NACE 47521and 5 others
- Joint committee
- 124Construction · annual accounts 2021
- Establishment unit
- 2.175.497.3905190 Jemeppe-sur-Sambre, since 01-12-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Insights on MAISON FRERES
MAISON FRERES files the abbreviated format. That format states no turnover. The gross margin rose from €20,165 in 2006 to €60,070 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAISON FRERES
- What is the company number of MAISON FRERES?
- The company number of MAISON FRERES is 0461.441.767. The VAT number is the same number with BE in front: BE 0461.441.767.
- Where is MAISON FRERES based?
- The registered office is at Chaussée de Châtelet 273, 6060 Charleroi.Company details
- What does MAISON FRERES do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of MAISON FRERES?
- MAISON FRERES is a public limited company (NV).
- When was MAISON FRERES founded?
- MAISON FRERES was founded on 12-09-1997.
- Is MAISON FRERES still active?
- Yes, MAISON FRERES is an active enterprise in the KBO register.
- Which joint committee does MAISON FRERES fall under?
- In its 2021 annual accounts, MAISON FRERES states joint committee 124 (Construction).
- What is the turnover of MAISON FRERES?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €60,070 and 35 comparable companies (NACE 475). It probably lies between €160,000 and €500,000.Financials
- Is MAISON FRERES profitable?
- In financial year 2025, MAISON FRERES made a profit of €12,680.
- Where can I find the annual accounts of MAISON FRERES?
- MAISON FRERES filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAISON FRERES due?
- MAISON FRERES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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