Summary
MAJAPAT 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 €529,619 and a net result of €7,131. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 8091 sector peers (fiscal year 2025). The company has been active since 1997 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 · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
34 d early
2023
9 d early
2022
31 d early
2021
32 d early
2020
33 d early
2019
32 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 20 days before 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 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Maldegem, Finance and insurance sector
Equity
€529,619▲ 1.4%
2024 · €522,487
Net result
€7,131▼ 19.1%
2024 · €8,810
Total assets
€691,315▼ 0.5%
2024 · €694,721
Solvency
76.6%▲ 1.4pp
2024 · 75.2%
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€31,161▼ 9.8%€29,821▼ 4.3%€28,597▼ 4.1%€25,432▼ 11.1%€22,174▼ 12.8%
Net result€11,917within the sector's middle half▼ 25.2%€15,792within the sector's middle half▲ 32.5%€13,011within the sector's middle half▼ 17.6%€8,810within the sector's middle half▼ 32.3%€7,131within the sector's middle half▼ 19.1%
Equity€484,874above the sector's middle half▲ 2.5%€500,666above the sector's middle half▲ 3.3%€513,677above the sector's middle half▲ 2.6%€522,487above the sector's middle half▲ 1.7%€529,619above the sector's middle half▲ 1.4%
Total assets€708,578within the sector's middle half▼ 4.3%€729,253within the sector's middle half▲ 2.9%€685,025within the sector's middle half▼ 6.1%€694,721within the sector's middle half▲ 1.4%€691,315within the sector's middle half▼ 0.5%
Debt€223,704▼ 16.4%€228,587▲ 2.2%€171,348▼ 25.0%€172,234▲ 0.5%€161,696▼ 6.1%
Working capital€316,848above the sector's middle half▼ 1.3%€334,724above the sector's middle half▲ 5.6%€348,446above the sector's middle half▲ 4.1%€359,757above the sector's middle half▲ 3.2%€329,015above the sector's middle half▼ 8.5%
Solvency68.4%within the sector's middle half▲ 4.6pp68.7%within the sector's middle half▲ 0.2pp75.0%within the sector's middle half▲ 6.3pp75.2%within the sector's middle half▲ 0.2pp76.6%within the sector's middle half▲ 1.4pp
Current ratio2.42within the sector's middle half▲ 0.222.46within the sector's middle half▲ 0.053.03within the sector's middle half▲ 0.573.09within the sector's middle half▲ 0.063.03within the sector's middle half▼ 0.05
Return on assets (ROA)1.7%within the sector's middle half▼ 0.5pp2.2%within the sector's middle half▲ 0.5pp1.9%within the sector's middle half▼ 0.3pp1.3%within the sector's middle half▼ 0.6pp1.0%below the sector's middle half▼ 0.2pp
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 four years in a row; 2025 is 13% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €691,315
Fixed assets
€200,604 ▲ 23.3%
Current assets
€490,711 ▼ 7.8%
Equity and liabilities €691,315
Equity
€529,619 ▲ 1.4%
Debt
€161,696 ▼ 6.1%
Debt's share of the balance-sheet total falls from 24.8% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.3%▼
2024 · 1.7%
Debt ≤ 1 year
€161,696▼
2024 · €172,234
Income taxes
€3,047▼
2024 · €4,253
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 | €2,084 | €2,084 | €2,685 | €2,501 | €6,700 | ▲ 168% |
| Other operating charges640/8 | €21,519 | €18,824 | €19,969 | €17,751 | €17,520 | ▼ 1.3% |
| Non-recurring operating charges66A | €5,000 | €0 | - | - | - | - |
| Gross operating margin9900 | €59,764 | €50,729 | €51,251 | €45,684 | €46,394 | ▲ 1.6% |
| Operating profit (loss)9901 | €31,161 | €29,821 | €28,597 | €25,432 | €22,174 | ▼ 12.8% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €10,252 | €7,263 | €9,823 | €12,369 | €11,995 | ▼ 3.0% |
| Recurring financial charges65 | €10,252 | €7,263 | €9,823 | €12,369 | €11,995 | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €20,908 | €22,558 | €18,774 | €13,063 | €10,179 | ▼ 22.1% |
| Income taxes67/77 | €8,992 | €6,766 | €5,763 | €4,253 | €3,047 | ▼ 28.4% |
| Profit (loss) for the period9904 | €11,917 | €15,792 | €13,011 | €8,810 | €7,131 | ▼ 19.1% |
| Transfer from tax-exempt reserves789 | €11,432 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23,349 | €15,792 | €13,011 | €8,810 | €7,131 | ▼ 19.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €708,578 | €729,253 | €685,025 | €694,721 | €691,315 | ▼ 0.5% |
| Fixed assets21/28 | €168,026 | €165,942 | €165,231 | €162,730 | €200,604 | ▲ 23.3% |
| Tangible fixed assets22/27 | €168,026 | €165,942 | €165,231 | €162,730 | €200,604 | ▲ 23.3% |
| Land and buildings22 | €163,963 | €162,991 | €162,019 | €161,289 | €160,558 | ▼ 0.5% |
| Furniture and vehicles24 | €4,063 | €2,950 | €3,212 | €1,442 | €40,046 | ▲ 2,678% |
| Current assets29/58 | €540,553 | €563,311 | €519,794 | €531,991 | €490,711 | ▼ 7.8% |
| Amounts receivable after more than one year29 | €368,042 | €395,810 | €374,352 | €406,198 | €261,015 | ▼ 35.7% |
| Other amounts receivable291 | €368,042 | €395,810 | €374,352 | €406,198 | €261,015 | ▼ 35.7% |
| Amounts receivable within one year40/41 | €40,413 | €6,050 | €12,100 | €6,050 | €8,003 | ▲ 32.3% |
| Trade receivables40 | €40,413 | €6,050 | €12,100 | €6,050 | €6,050 | = |
| Other amounts receivable41 | - | - | - | - | €1,953 | - |
| Cash at bank and in hand54/58 | €131,170 | €160,287 | €132,169 | €118,525 | €220,373 | ▲ 85.9% |
| Deferred charges and accrued income490/1 | €928 | €1,164 | €1,173 | €1,219 | €1,320 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €708,578 | €729,253 | €685,025 | €694,721 | €691,315 | ▼ 0.5% |
| Equity10/15 | €484,874 | €500,666 | €513,677 | €522,487 | €529,619 | ▲ 1.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €466,324 | €482,116 | €495,127 | €503,937 | €511,069 | ▲ 1.4% |
| Non-distributable reserves130/1 | €13,655 | €13,655 | €13,655 | €13,655 | €13,655 | = |
| Reserves not available under the articles1311 | €13,655 | €13,655 | €13,655 | €13,655 | €13,655 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €452,669 | €468,461 | €481,472 | €490,283 | €497,414 | ▲ 1.5% |
| Amounts payable17/49 | €223,704 | €228,587 | €171,348 | €172,234 | €161,696 | ▼ 6.1% |
| Amounts payable within one year42/48 | €223,704 | €228,587 | €171,348 | €172,234 | €161,696 | ▼ 6.1% |
| Trade debts44 | €7,947 | €10,207 | €7,484 | €7,593 | €514 | ▼ 93.2% |
| Suppliers440/4 | €7,947 | €10,207 | €7,484 | €7,593 | €514 | ▼ 93.2% |
| Taxes, remuneration and social security45 | €12,591 | €11,735 | €17,457 | €11,748 | €6,722 | ▼ 42.8% |
| Taxes450/3 | €12,591 | €9,228 | €9,864 | €9,199 | €4,208 | ▼ 54.3% |
| Remuneration and social security454/9 | €0 | €2,507 | €7,594 | €2,549 | €2,514 | ▼ 1.4% |
| Other amounts payable47/48 | €203,166 | €206,645 | €146,407 | €152,893 | €154,460 | ▲ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,917 | €15,792 | €13,011 | €8,810 | €7,131 | ▼ 19.1% |
| + Depreciation and write-downs630 | €2,084 | €2,084 | €2,685 | €2,501 | €6,700 | ▲ 168% |
| Operating cash flow (approximation) | €14,001 | €17,876 | €15,696 | €11,311 | €13,832 | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1,974 | €0 | -€44,574 | - |
| Change in cash | - | €29,117 | -€28,118 | -€13,645 | €101,848 | ▲ 846% |
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
31-12
Financial
Weakest financial yearnet €7,131 ▼19.1%
Net result drops to €7,131, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €500,666 ▲3.3%
5 profitable years in a row build equity to €500,666.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €17,947 ▲14.3%
Net result €17,947, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
28-06
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 5 acts read
About the unread acts
We know of 5 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
5 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, Maldegem · 1 establishment unit since 1998
Ground area
85 m²
Parcel 43010G0268/00V000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAJAPAT
since 19982.085.937.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010G0268/00V000 | Flanders | 85 m² | - | - |
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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,595 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 (pre-2019)
Founded04-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462037031
Also
9925:BE0462037031
Registered
22-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.