MAIWAND
ActiveMAIWAND has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €182. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 22% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+27
Solvency38=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.1 in 2024; short-term debt: 79.4% and cash: 1.1% of total assets), and 87.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.5%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 10289 sector peers (2025).
NBB · sector comparisonPosition among 10289 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
38 d late
2024
29 d late
2023
on the day
2022
1 d early
2021
2 d early
2020
2 d early
2019
90 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€182▼ 95.7%
2024 · €4k
2018: €-4k
2019: €-25k
2020: €-68k
2021: €3k
2022: €6k
2023: €2k
2024: €4k
2018 → 2025
Working capital
€3k▼ 85.2%
2024 · €19k
2018: €41k
2019: €27k
2020: €-35k
2021: €-17k
2022: €5k
2023: €15k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€24k▲ 32.1%€25k▲ 7.5%€30k▲ 16.8%€30k▲ 0.6%
Operating result€3k-€6k▲ 127%€2k▼ 66.4%€5k▲ 171%€2k▼ 63.1%
Net result€3k-€6k▲ 126%€2k▼ 69.0%€4k▲ 139%€182▼ 95.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 63% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239k
Fixed assets
€46k▲ 351%
Current assets
€193k▼ 10.5%
Equity and liabilities €239k
Equity
€30k▲ 0.6%
Debt
€209k▲ 6.7%
The debt ratio rises from 86.8% to 87.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k
Cash flow
€10k
Solvency
12.5%▼
2024 · 13.2%
Current ratio
1.02▼
2024 · 1.10
Quick ratio
0.08▲
2024 · 0.05
Debt / equity
6.99▲
2024 · 6.59
ROE
0.6%▼
2024 · 14.4%
ROA
0.1%▼
2024 · 1.9%
Interest coverage
6.45
Debt
€209k▲
2024 · €196k
Debt ≤ 1 year
€190k▼
2024 · €196k
Debt > 1 year
€19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€225k€239k▲
Fixed assets21/28€10k€46k▲
Tangible fixed assets22/27-€36k
Furniture and vehicles24-€16k
Other tangible fixed assets26-€20k
Financial fixed assets28€10k€10k=
Current assets29/58€215k€193k▼
Stocks and contracts in progress3€206k€178k▼
Stocks30/36€206k€178k▼
Amounts receivable within one year40/41€6k€12k▲
Trade receivables40-€5k
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€225k€239k▲
Equity10/15€30k€30k▲
Contributions10/11€49k€49k=
Outside capital11€49k€49k=
Other1109/19€49k€49k=
Reserves13€11k€11k=
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Profit (loss) carried forward14€-30k€-30k▲
Amounts payable17/49€196k€209k▲
Amounts payable after more than one year17-€19k
Financial debts170/4-€19k
Amounts payable within one year42/48€196k€190k▼
Current portion of amounts payable after more than one year42-€9k
Trade debts44€67k€72k▲
Suppliers440/4€67k€72k▲
Taxes, remuneration and social security45€33k€26k▼
Taxes450/3€16k€13k▼
Remuneration and social security454/9€17k€13k▼
Other amounts payable47/48€95k€82k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€9k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€6k€13k▲
Operating profit (loss)9901€5k€2k▼
Financial charges65/66B€974€2k▲
Recurring financial charges65€974€2k▲
Profit (loss) for the period before taxes9903€4k€182▼
Profit (loss) for the period9904€4k€182▼
Profit (loss) for the period to be appropriated9905€4k€182▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-30k▲
Profit (loss) brought forward from the previous period14P€-35k€-30k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €6k ▲126%
Operating result €6k, net result €6k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Etterbeek · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keltenlaan 621040 EtterbeekGround area
83 m²
Building footprint
82 m²
Volume, LiDAR
1,278 m³
Parcel 21005A0542/00F010, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Keltenlaan 62, 1040 Etterbeek
since 20012.094.407.667
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0542/00F010 | Brussels | 83 m² | 1 · 82 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeek2.094.407.667
Similar companies · same sector, comparable size
JOSI
BE 0889.242.748
Brecht · Eq €30k
ARAM
BE 0445.239.601
Schaarbeek · Eq €30k
NASRIN
BE 0760.930.752
Elsene · Eq €30k
TLT LOGISTICS
BE 0760.494.945
Genk · Eq €30k
KWIK-E-MART
BE 0478.569.591
Antwerpen · Eq €30k
Of 10,527 companies in sector 47110 we hold annual accounts for 5,861. 4,428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2001
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.