Summary
MAJALE 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 €620,795 and a net result of €40,795. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 32% of 5585 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 Checked 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.
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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 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
54 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€620,795▼ 17.2%
2024 · €749,976
Net result
€40,795▼ 30.8%
2024 · €58,932
Total assets
€1.9m▼ 2.4%
2024 · €2.0m
Solvency
32.0%▼ 5.7pp
2024 · 37.7%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,536▲ 7.1%€81,734▲ 124%€204,627▲ 150%€138,317▼ 32.4%€114,158▼ 17.5%
Net result€2,004below the sector's middle half▲ 138%-€8,460below the sector's middle half€116,410above the sector's middle half€58,932within the sector's middle half▼ 49.4%€40,795within the sector's middle half▼ 30.8%
Equity€583,094above the sector's middle half▲ 0.3%€574,634above the sector's middle half▼ 1.5%€691,044above the sector's middle half▲ 20.3%€749,976above the sector's middle half▲ 8.5%€620,795within the sector's middle half▼ 17.2%
Total assets€1.9mabove the sector's middle half▲ 17.6%€1.9mabove the sector's middle half▼ 2.9%€1.9mabove the sector's middle half▲ 1.2%€2.0mabove the sector's middle half▲ 5.0%€1.9mwithin the sector's middle half▼ 2.4%
Debt€1.3m▲ 27.1%€1.3m▼ 3.5%€1.2m▼ 7.2%€1.2m▲ 2.9%€1.3m▲ 6.6%
Working capital-€97,916below the sector's middle half-€42,111below the sector's middle half▲ 57.0%-€366within the sector's middle half▲ 99.1%€80,291within the sector's middle half-€60,151within the sector's middle half
Solvency30.2%within the sector's middle half▼ 5.2pp30.7%within the sector's middle half▲ 0.4pp36.5%within the sector's middle half▲ 5.8pp37.7%within the sector's middle half▲ 1.2pp32.0%within the sector's middle half▼ 5.7pp
Current ratio0.45below the sector's middle half▼ 0.930.75within the sector's middle half▲ 0.291.00within the sector's middle half▲ 0.251.65within the sector's middle half▲ 0.650.79within the sector's middle half▼ 0.85
Return on assets (ROA)0.1%below the sector's middle half▲ 0.1pp-0.5%below the sector's middle half▼ 0.6pp6.1%within the sector's middle half▲ 6.6pp3.0%within the sector's middle half▼ 3.2pp2.1%within the sector's middle half▼ 0.9pp
Staff (FTE)0.81▲ 25.0%1=1=0.2within the sector's middle half▼ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.7m ▼ 4.1%
Current assets
€230,242 ▲ 12.7%
Equity and liabilities €1.9m
Equity
€620,795 ▼ 17.2%
Debt
€1.3m ▲ 6.6%
Debt's share of the balance-sheet total rises from 62.3% to 68.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
6.6%▼
2024 · 7.9%
Debt ≤ 1 year
€290,393▲
2024 · €124,010
Debt > 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€20,049▲
2024 · €19,748
Staff costs
€8,796▼
2024 · €9,064
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €18,100 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €6,553 | €12,444 | €11,938 | €9,064 | €8,796 | ▼ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,691 | €97,175 | €84,674 | €82,402 | €82,566 | ▲ 0.2% |
| Other operating charges640/8 | €5,436 | €5,635 | €9,294 | €9,281 | €9,400 | ▲ 1.3% |
| Gross operating margin9900 | €134,217 | €196,987 | €310,533 | €239,063 | €214,920 | ▼ 10.1% |
| Operating profit (loss)9901 | €36,536 | €81,734 | €204,627 | €138,317 | €114,158 | ▼ 17.5% |
| Financial income75/76B | €5 | €3 | €0 | €0 | - | - |
| Recurring financial income75 | €5 | €3 | €0 | €0 | - | - |
| Financial charges65/66B | €30,793 | €33,152 | €43,418 | €59,637 | €53,315 | ▼ 10.6% |
| Recurring financial charges65 | €30,793 | €33,152 | €43,418 | €59,637 | €53,315 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €5,748 | €48,585 | €161,209 | €78,680 | €60,843 | ▼ 22.7% |
| Income taxes67/77 | €3,744 | €57,045 | €44,799 | €19,748 | €20,049 | ▲ 1.5% |
| Profit (loss) for the period9904 | €2,004 | -€8,460 | €116,410 | €58,932 | €40,795 | ▼ 30.8% |
| Profit (loss) for the period to be appropriated9905 | €2,004 | -€8,460 | €116,410 | €58,932 | €40,795 | ▼ 30.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €1.9m | €2.0m | €1.9m | ▼ 2.4% |
| Fixed assets21/28 | €1.8m | €1.7m | €1.8m | €1.8m | €1.7m | ▼ 4.1% |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €1.8m | €1.7m | €1.6m | ▼ 4.7% |
| Land and buildings22 | €1.8m | €1.7m | €1.7m | €1.6m | €1.5m | ▼ 4.0% |
| Furniture and vehicles24 | €26,812 | €15,076 | €87,933 | €69,624 | €52,352 | ▼ 24.8% |
| Other tangible fixed assets26 | - | - | €18,989 | €18,989 | €21,639 | ▲ 14.0% |
| Financial fixed assets28 | - | - | - | €100,000 | €105,568 | ▲ 5.6% |
| Current assets29/58 | €81,605 | €123,615 | €127,450 | €204,301 | €230,242 | ▲ 12.7% |
| Amounts receivable within one year40/41 | €32,838 | €18,417 | €51,717 | €49,201 | €60,370 | ▲ 22.7% |
| Trade receivables40 | €31,008 | €18,417 | €51,643 | €48,949 | €60,118 | ▲ 22.8% |
| Other amounts receivable41 | €1,830 | €0 | €75 | €252 | €252 | = |
| Cash at bank and in hand54/58 | €16,991 | €56,572 | €72,094 | €151,448 | €165,874 | ▲ 9.5% |
| Deferred charges and accrued income490/1 | €31,776 | €48,626 | €3,638 | €3,652 | €3,998 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.9m | €2.0m | €1.9m | ▼ 2.4% |
| Equity10/15 | €583,094 | €574,634 | €691,044 | €749,976 | €620,795 | ▼ 17.2% |
| Contributions10/11 | €580,000 | €580,000 | €580,000 | €580,000 | €580,000 | = |
| Reserves13 | - | - | €111,044 | €169,976 | €40,795 | ▼ 76.0% |
| Distributable reserves133 | - | - | €111,044 | €169,976 | €40,795 | ▼ 76.0% |
| Profit (loss) carried forward14 | €3,094 | -€5,366 | €0 | - | €0 | - |
| Amounts payable17/49 | €1.3m | €1.3m | €1.2m | €1.2m | €1.3m | ▲ 6.6% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 7.6% |
| Financial debts170/4 | €556,711 | €472,790 | €388,512 | €303,874 | €218,873 | ▼ 28.0% |
| Other amounts payable178/9 | €609,132 | €659,969 | €688,265 | €812,273 | €812,787 | ▲ 0.1% |
| Amounts payable within one year42/48 | €179,521 | €165,726 | €127,816 | €124,010 | €290,393 | ▲ 134% |
| Current portion of amounts payable after more than one year42 | €83,567 | €83,921 | €84,278 | €84,638 | €85,001 | ▲ 0.4% |
| Trade debts44 | €57,460 | €738 | €5,064 | €2,895 | €4,528 | ▲ 56.4% |
| Suppliers440/4 | €57,460 | €738 | €5,064 | €2,895 | €4,528 | ▲ 56.4% |
| Advances received on contracts in progress46 | - | - | - | - | €25 | - |
| Taxes, remuneration and social security45 | €38,494 | €81,067 | €38,473 | €36,477 | €56,615 | ▲ 55.2% |
| Taxes450/3 | €37,766 | €78,188 | €36,026 | €35,530 | €55,311 | ▲ 55.7% |
| Remuneration and social security454/9 | €728 | €2,879 | €2,448 | €947 | €1,303 | ▲ 37.6% |
| Other amounts payable47/48 | - | - | - | - | €144,224 | - |
| Accrued charges and deferred income492/3 | €42 | €216 | €96 | €50 | €128 | ▲ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,004 | -€8,460 | €116,410 | €58,932 | €40,795 | ▼ 30.8% |
| + Depreciation and write-downs630 | €85,691 | €97,175 | €84,674 | €82,402 | €82,566 | ▲ 0.2% |
| Operating cash flow (approximation) | €87,696 | €88,715 | €201,085 | €141,333 | €123,360 | ▼ 12.7% |
| Investment in fixed assets (approximation) | - | €0 | -€103,237 | -€100,000 | -€9,418 | ▲ 90.6% |
| Change in cash | - | €39,581 | €15,522 | €79,354 | €14,426 | ▼ 81.8% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-12
State Gazette act
Special general meeting · Power of attorney
03-12
State Gazette act
General meeting · Power of attorney
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
01-02
State Gazette act
General meeting · Board meeting
Director resignation · Permanent representative
2023
31-12
Financial
Back to profitnet €116,410
Net result €116,410 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€8,460
Net result drops to -€8,460, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Knokke-Heist · 1 establishment unit since 2018
Ground area
331 m²
Building footprint
240 m²
Volume, LiDAR
6,284 m³
Parcel 31338E0003/00_000, Flanders · tallest building 30.9 m, ±9 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MAJALE
since 20182.276.835.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31338E0003/00_000 | Flanders | 330 m² | 1 · 240 m² | 30.9 m · 9 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the 2025 annual accounts of MAJALE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,465 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
Founded07-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697732084
Also
9925:BE0697732084
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.