Summary
MAJ FINANCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €66k and a net result of €-37k. Equity is growing by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 1475 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
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 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d late
2021
30 d late
2020
18 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€66k▼ 36.2%
2024 · €103k
2020: €-3k
2021: €22k
2022: €40k
2023: €71k
2024: €103k
2020 → 2025
Net result
€-37k
2024 · €73k
2020: €-4k
2021: €24k
2022: €18k
2023: €31k
2024: €73k
2020 → 2025
Total assets
€93k▼ 45.4%
2024 · €170k
2020: €69k
2021: €90k
2022: €121k
2023: €142k
2024: €170k
2020 → 2025
Solvency
70.8%▲ 10.2pp
2024 · 60.7%
2020: -3.8%
2021: 23.8%
2022: 32.8%
2023: 50.1%
2024: 60.7%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€40k▲ 85.3%€71k▲ 78.9%€103k▲ 44.7%€66k▼ 36.2%
Operating result€38k-€38k▲ 0.3%€52k▲ 37.6%€-23k€-37k▼ 64.0%
Net result€24k-€18k▼ 23.9%€31k▲ 71.4%€73k▲ 132%€-37k
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 €37k in 2025 against €23k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93k
Fixed assets
€38k ▼ 20.8%
Current assets
€55k ▼ 55.1%
Equity and liabilities €93k
Equity
€66k ▼ 36.2%
Debt
€27k ▼ 59.5%
Debt's share of the balance-sheet total falls from 39.3% to 29.2%. Equity and debt are lower.
Key figures and ratios
ROE
-56.8%▼
2024 · 70.8%
ROA
-40.2%▼
2024 · 42.9%
Debt ≤ 1 year
€27k▼
2024 · €67k
Income taxes
€490▼
2024 · €6k
Staff costs
€0▼
2024 · €300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€170k€93k▼
Fixed assets21/28€48k€38k▼
Tangible fixed assets22/27€29k€18k▼
Furniture and vehicles24€27k€17k▼
Other tangible fixed assets26€2k€967▼
Financial fixed assets28€20k€20k▲
Current assets29/58€122k€55k▼
Amounts receivable within one year40/41€84k€52k▼
Trade receivables40-€1k
Other amounts receivable41€84k€51k▼
Cash at bank and in hand54/58€36k€0▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€170k€93k▼
Equity10/15€103k€66k▼
Contributions10/11€1k€1k=
Reserves13€102k€102k=
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€0€-37k▼
Amounts payable17/49€67k€27k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€67k€27k▼
Current portion of amounts payable after more than one year42€14k€4k▼
Financial debts43€0€2k▲
Credit institutions430/8€0€2k▲
Trade debts44€316€5k▲
Suppliers440/4€316€5k▲
Taxes, remuneration and social security45€18k€16k▼
Taxes450/3€18k€16k▼
Other amounts payable47/48€35k€0▼
Accrued charges and deferred income492/3-€25
Income statement
Code20242025
Remuneration, social security and pensions62€300€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-14k€-25k▼
Operating profit (loss)9901€-23k€-37k▼
Financial income75/76B€106k€3k▼
Recurring financial income75€28k€3k▼
Non-recurring financial income76B€78k€0▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€79k€-37k▼
Income taxes67/77€6k€490▼
Profit (loss) for the period9904€73k€-37k▼
Profit (loss) for the period to be appropriated9905€73k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€-37k▼
Transfer to equity691/2€32k€0▼
To other reserves6921€32k€0▼
Profit to be distributed694/7€41k€0▼
Return on contributions (dividend)694€41k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (11 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-37k ▼151%
Net result drops to €-37k, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2020net €73k ▲132%
Net result €73k, the highest in the series.
31-03
Financial
Equity above €100kEq €103k ▲44.7%
4 profitable years in a row build equity to €103k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
31-03
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aalst · 1 establishment unit since 2018
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.
Vosholleweg 249320 AalstGround area
738 m²
Building footprint
125 m²
Volume, LiDAR
660 m³
Parcel 41014A0549/00G000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vosholleweg 24, 9320 Aalst
since 20182.279.428.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41014A0549/00G000 | Flanders | 738 m² | 1 · 125 m² | 8.3 m · 2 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.
Similar companies · same sector, comparable size
DEVA CONSULT
BE 0752.580.042
Harelbeke · Eq €67k
GEN INVEST
BE 0449.953.603
De Haan · Eq €64k
Marco Solo
BE 0780.555.238
Gent · Eq €68k
Vallis
BE 1002.413.440
Hamme (Vl.) · Eq €69k
VLIESTRA
BE 0456.103.502
Menen · Eq €70k
Of 591 companies in sector 66300 we hold annual accounts for 365. 211 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded23-07-2018
Fiscal year end31-03
Activities, NACEBEL 2025
66300Activities auxiliary to financial services and insurance activities
64210Activities of holding companies
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.