MAJACO
ActiveMAJACO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €582k and a net result of €113k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+2
Solvency67▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.33 in 2023; short-term debt: 17.7% and cash: 8.6% of total assets), but 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 27-06-2025, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
3 d early
2022
on the day
2021
223 d late
2020
236 d late
2019
538 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€582k▲ 24.1%
2023 · €469k
2018: €223k
2019: €248k
2020: €275k
2021: €328k
2022: €375k
2023: €469k
2018 → 2024
Total assets
€1.38M▼ 0.3%
2023 · €1.39M
2018: €1.28M
2019: €1.28M
2020: €1.22M
2021: €1.17M
2022: €1.13M
2023: €1.39M
2018 → 2024
Net result
€113k▲ 20.2%
2023 · €94k
2018: €-24k
2019: €49k
2020: €49k
2021: €53k
2022: €47k
2023: €94k
2018 → 2024
Working capital
€136k▲ 89.6%
2023 · €72k
2018: €51k
2019: €51k
2020: €115k
2021: €137k
2022: €131k
2023: €72k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€275k-€328k▲ 19.2%€375k▲ 14.4%€469k▲ 25.0%€582k▲ 24.1%
Operating result€79k-€61k▼ 22.6%€83k▲ 36.0%€154k▲ 85.0%€181k▲ 17.6%
Net result€49k-€53k▲ 7.6%€47k▼ 10.9%€94k▲ 99.1%€113k▲ 20.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 18% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.38M
Fixed assets
€1.00M▼ 8.5%
Current assets
€380k▲ 30.7%
Equity and liabilities €1.38M
Equity
€582k▲ 24.1%
Debt
€801k▼ 12.7%
The debt ratio falls from 66.2% to 57.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€277k▲
2023 · €243k
Cash flow
€208k▲
2023 · €183k
Solvency
42.1%▲
2023 · 33.8%
Current ratio
1.56▲
2023 · 1.33
Quick ratio
1.56▲
2023 · 1.33
Debt / equity
1.38▼
2023 · 1.95
ROE
19.4%▼
2023 · 20.0%
ROA
8.2%▲
2023 · 6.8%
Interest coverage
19.95▲
2023 · 15.78
Debt
€801k▼
2023 · €917k
Debt ≤ 1 year
€244k▲
2023 · €219k
Debt > 1 year
€556k▼
2023 · €698k
Income taxes
€60k▲
2023 · €51k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.39M€1.38M▼
Fixed assets21/28€1.10M€1.00M▼
Tangible fixed assets22/27€1.10M€1.00M▼
Land and buildings22€843k€821k▼
Plant, machinery and equipment23€252k€181k▼
Furniture and vehicles24€958-
Current assets29/58€291k€380k▲
Amounts receivable after more than one year29€226k€212k▼
Other amounts receivable291€226k€212k▼
Amounts receivable within one year40/41€14k€46k▲
Trade receivables40€10k€41k▲
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€48k€119k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.38M▼
Equity10/15€469k€582k▲
Contributions10/11€200k€200k=
Reserves13€233k€346k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€221k€334k▲
Profit (loss) carried forward14€36k€36k=
Amounts payable17/49€917k€801k▼
Amounts payable after more than one year17€698k€556k▼
Financial debts170/4€698k€556k▼
Amounts payable within one year42/48€219k€244k▲
Current portion of amounts payable after more than one year42€179k€159k▼
Trade debts44€27k€43k▲
Suppliers440/4€27k€43k▲
Taxes, remuneration and social security45€13k€20k▲
Taxes450/3€13k€20k▲
Other amounts payable47/48€250€21k▲
Income statement
Code20232024
Remuneration, social security and pensions62€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€95k▲
Other operating charges640/8€13k€7k▼
Gross operating margin9900€262k€284k▲
Operating profit (loss)9901€154k€181k▲
Financial income75/76B€6k€5k▼
Recurring financial income75€6k€5k▼
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€145k€172k▲
Income taxes67/77€51k€60k▲
Profit (loss) for the period9904€94k€113k▲
Profit (loss) for the period to be appropriated9905€94k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€130k€149k▲
Profit (loss) brought forward from the previous period14P€36k€36k=
Transfer to equity691/2€94k€113k▲
To other reserves6921€94k€113k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Highest result since 2018net €113k ▲20.2%
Operating result €181k, net result €113k, both a record.
30-11
Financial
Equity above €500kEq €582k ▲24.1%
6 profitable years in a row build equity to €582k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 223 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 236 days late
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 538 days late
2019
30-11
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 127 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brugge · 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.
Sulferbergstraat 188000 BruggeGround area
120 m²
Building footprint
65 m²
Volume, LiDAR
492 m³
Parcel 31803C0610/00B002, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
B&B Heart Of Bruges
since 20182.279.641.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0610/00B002 | Flanders | 120 m² | 1 · 65 m² | 11.5 m · 3 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 siteBrugge2.279.641.837
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 5,608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-12-2015
Fiscal year end30-11
Activities, NACEBEL
82990Other business support services
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.