MAJA CONSTRUCT
ActiveSummary
MAJA CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €9k. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+42
Solvency66▼-14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.62 against 2.24 in 2024; short-term debt: 47% and cash: 2.4% of total assets), but 59.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
40.8%
Return on assets
9.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d late
2023
29 d late
2022
24 d early
2021
6 d early
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€38k▲ 29.2%
2024 · €29k
Total assets
€92k▲ 75.6%
2024 · €53k
Net result
€9k▲ 10,275%
2024 · €82
Working capital
€27k▼ 7.4%
2024 · €29k
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€-791€-2k▼ 120%€60k€2k▼ 96.1%€12k▲ 432%
Net result€-311€-1k▼ 360%€48k€82▼ 99.8%€9k▲ 10,275%
Equity€11k▼ 2.7%€10k▼ 12.7%€58k▲ 489%€29k▼ 49.4%€38k▲ 29.2%
Total assets€13k▼ 13.7%€12k▼ 8.4%€87k▲ 607%€53k▼ 39.7%€92k▲ 75.6%
Debt€2k▼ 44.8%€3k▲ 13.2%€30k▲ 1,063%€23k▼ 20.7%€55k▲ 133%
Working capital€11k▼ 2.7%€10k▼ 12.7%€58k▲ 489%€29k▼ 49.4%€27k▼ 7.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 432% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92k
Fixed assets
€22k
Current assets
€70k
Equity and liabilities €92k
Equity
€38k ▲ 29.2%
Debt
€55k ▲ 133%
Debt's share of the balance-sheet total rises from 44.6% to 59.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k
Cash flow
€13k
Current ratio
1.62▼
2024 · 2.24
Quick ratio
1.28▼
2024 · 1.60
Debt to equity
1.45▲
2024 · 0.80
ROE
22.6%▲
2024 · 0.3%
ROA
9.2%▲
2024 · 0.2%
Interest coverage
12.93
Debt ≤ 1 year
€43k▲
2024 · €23k
Debt > 1 year
€11k
Income taxes
€3k▲
2024 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €4k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €169 | - | - | - | - |
| Other operating charges640/8 | - | €550 | €1k | €186 | €620 | ▲ 233% |
| Gross operating margin9900 | €-335 | €-1k | €61k | €3k | €17k | ▲ 585% |
| Operating profit (loss)9901 | €-791 | €-2k | €60k | €2k | €12k | ▲ 432% |
| Financial income75/76B | - | €420 | €2k | €2k | €525 | ▼ 77.0% |
| Recurring financial income75 | €543 | €420 | €2k | €2k | €525 | ▼ 77.0% |
| Financial charges65/66B | - | €109 | €3k | €4k | €1k | ▼ 70.5% |
| Recurring financial charges65 | €62 | €109 | €2k | €4k | €1k | ▼ 70.5% |
| Non-recurring financial charges66B | - | - | €174 | - | - | - |
| Profit (loss) for the period before taxes9903 | €-311 | €-1k | €59k | €252 | €12k | ▲ 4,525% |
| Income taxes67/77 | - | - | €11k | €170 | €3k | ▲ 1,759% |
| Profit (loss) for the period9904 | €-311 | €-1k | €48k | €82 | €9k | ▲ 10,275% |
| Profit (loss) for the period to be appropriated9905 | €-311 | €-1k | €48k | €82 | €9k | ▲ 10,275% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13k | €12k | €87k | €53k | €92k | ▲ 75.6% |
| Fixed assets21/28 | - | - | - | - | €22k | - |
| Tangible fixed assets22/27 | - | - | - | - | €22k | - |
| Plant, machinery and equipment23 | - | - | - | - | €22k | - |
| Current assets29/58 | €13k | €12k | €87k | €53k | €70k | ▲ 34.0% |
| Stocks and contracts in progress3 | - | - | - | €15k | €15k | = |
| Contracts in progress37 | - | - | - | €15k | €15k | = |
| Amounts receivable within one year40/41 | €8k | €9k | €54k | €30k | €53k | ▲ 74.3% |
| Trade receivables40 | - | €2k | €48k | €24k | €45k | ▲ 84.6% |
| Other amounts receivable41 | - | €6k | €6k | €6k | €8k | ▲ 32.3% |
| Cash at bank and in hand54/58 | €5k | €4k | €33k | €7k | €2k | ▼ 67.4% |
| Deferred charges and accrued income490/1 | - | - | - | €677 | €677 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13k | €12k | €87k | €53k | €92k | ▲ 75.6% |
| Equity10/15 | €11k | €10k | €58k | €29k | €38k | ▲ 29.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €2k | €39k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €39k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-20k | €-11k | - | €9k | €17k | ▲ 97.6% |
| Amounts payable17/49 | €2k | €3k | €30k | €23k | €55k | ▲ 133% |
| Amounts payable after more than one year17 | - | - | - | - | €11k | - |
| Financial debts170/4 | - | - | - | - | €11k | - |
| Amounts payable within one year42/48 | €2k | €3k | €30k | €23k | €43k | ▲ 85.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9k | - |
| Trade debts44 | €621 | €2k | €19k | €8k | €31k | ▲ 295% |
| Suppliers440/4 | - | €2k | €19k | €8k | €31k | ▲ 295% |
| Taxes, remuneration and social security45 | - | €726 | €11k | €15k | €3k | ▼ 78.3% |
| Taxes450/3 | - | €726 | €11k | €15k | €3k | ▼ 78.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-311 | €-1k | €48k | €82 | €9k | ▲ 10,275% |
| + Depreciation and write-downs630 | - | - | - | - | €4k | - |
| Operating cash flow (approximation) | €-311 | €-1k | €48k | €82 | €13k | ▲ 15,434% |
| Change in cash | - | €-2k | €29k | €-26k | €-5k | ▲ 82.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €48k
Net result €48k after 2 loss-making years.
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostkamp · 1 establishment unit since 2008
Ground area
3,122 m²
Building footprint
193 m²
Volume, LiDAR
982 m³
Parcel 31009C0021/00W000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAJA CONSTRUCT
since 20082.168.791.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31009C0021/00W000 | Flanders | 3,122 m² | 1 · 193 m² | 7.2 m · 2 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 4,094 companies in sector 43240 we hold annual accounts for 1,633. 1,285 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
Founded29-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
41001General construction of residential buildings
68121Development of residential building projects
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.