MAJED
ActiveSummary
The annual accounts of MAJED for fiscal year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €8,850 and a net result of -€11,920. Equity is shrinking by ~14.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 15% of 10519 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency29▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.03 against 1.2 in 2024; short-term debt: 95.8% and cash: 77.7% of total assets), and 95.8% of the assets are financed with debt.
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Signals
Seven 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.2%
Return on assets
-5.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11,920
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 15%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
31 d early
2023
10 d early
2022
26 d early
2021
27 d early
2020
9 d early
2019
13 d late
← 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 14 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 5 July (5 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
€8,850▼ 57.4%
2024 · €20,770
Total assets
€208,283▲ 93.7%
2024 · €107,505
Net result
-€11,920▲ 28.4%
2024 · -€16,649
Working capital
€6,169▼ 64.1%
2024 · €17,196
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€32,670▲ 50.9%-€13,253-€8,413▲ 36.5%-€15,475▼ 83.9%-€11,938▲ 22.9%
Net result€27,991above the sector's middle half▲ 49.9%-€14,004below the sector's middle half-€60,864below the sector's middle half▼ 335%-€16,649below the sector's middle half▲ 72.6%-€11,920below the sector's middle half▲ 28.4%
Equity€112,287within the sector's middle half▲ 33.2%€98,283within the sector's middle half▼ 12.5%€37,419within the sector's middle half▼ 61.9%€20,770within the sector's middle half▼ 44.5%€8,850below the sector's middle half▼ 57.4%
Total assets€144,477within the sector's middle half▲ 1.4%€106,824within the sector's middle half▼ 26.1%€75,021within the sector's middle half▼ 29.8%€107,505within the sector's middle half▲ 43.3%€208,283below the sector's middle half▲ 93.7%
Debt€32,190▼ 44.7%€8,541▼ 73.5%€37,603▲ 340%€86,735▲ 131%€199,433▲ 130%
Working capital€112,287above the sector's middle half▲ 33.2%€97,578above the sector's middle half▼ 13.1%€37,067within the sector's middle half▼ 62.0%€17,196within the sector's middle half▼ 53.6%€6,169within the sector's middle half▼ 64.1%
Solvency77.7%above the sector's middle half▲ 18.6pp92.0%above the sector's middle half▲ 14.3pp49.9%within the sector's middle half▼ 42.1pp19.3%within the sector's middle half▼ 30.6pp4.2%below the sector's middle half▼ 15.1pp
Current ratio4.49above the sector's middle half▲ 2.0412.42above the sector's middle half▲ 7.941.99within the sector's middle half▼ 10.441.20within the sector's middle half▼ 0.791.03within the sector's middle half▼ 0.17
Return on assets (ROA)19.4%above the sector's middle half▲ 6.3pp-13.1%below the sector's middle half▼ 32.5pp-81.1%below the sector's middle half▼ 68.0pp-15.5%below the sector's middle half▲ 65.6pp-5.7%below the sector's middle half▲ 9.8pp
Staff (FTE)1=1
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €11,938 in 2025 against €15,475 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208,283
Fixed assets
€2,681 ▼ 25.0%
Current assets
€205,602 ▲ 97.8%
Equity and liabilities €208,283
Equity
€8,850 ▼ 57.4%
Debt
€199,433 ▲ 130%
Debt's share of the balance-sheet total rises from 80.7% to 95.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€11,044▲
2024 · -€14,229
Cash flow
-€11,026▲
2024 · -€15,403
Quick ratio
0.88▲
2024 · 0.61
Debt to equity
22.53▲
2024 · 4.18
ROE
-134.7%▼
2024 · -80.2%
Interest coverage
-45.45▼
2024 · -12.12
Debt ≤ 1 year
€199,433▲
2024 · €86,735
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.3%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 974 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,664 | - | - | - |
| Remuneration, social security and pensions62 | €25,893 | €31,436 | €15,391 | €136 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €352 | €353 | €1,246 | €894 | ▼ 28.2% |
| Other operating charges640/8 | €1,463 | €905 | €1,095 | €1,123 | €491 | ▼ 56.3% |
| Gross operating margin9900 | €60,026 | €19,441 | €8,426 | -€12,970 | -€10,553 | ▲ 18.6% |
| Operating profit (loss)9901 | €32,670 | -€13,253 | -€8,413 | -€15,475 | -€11,938 | ▲ 22.9% |
| Financial income75/76B | - | - | €172 | - | €261 | - |
| Recurring financial income75 | - | - | €172 | - | €261 | - |
| Non-recurring financial income76B | - | - | €172 | - | €261 | - |
| Financial charges65/66B | €22 | €751 | €42,945 | €1,174 | €243 | ▼ 79.3% |
| Recurring financial charges65 | €22 | €751 | €945 | €1,174 | €243 | ▼ 79.3% |
| Non-recurring financial charges66B | - | - | €42,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €32,648 | -€14,004 | -€51,185 | -€16,649 | -€11,920 | ▲ 28.4% |
| Income taxes67/77 | €4,657 | - | €9,679 | - | - | - |
| Profit (loss) for the period9904 | €27,991 | -€14,004 | -€60,864 | -€16,649 | -€11,920 | ▲ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €27,991 | -€14,004 | -€60,864 | -€16,649 | -€11,920 | ▲ 28.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144,477 | €106,824 | €75,021 | €107,505 | €208,283 | ▲ 93.7% |
| Fixed assets21/28 | - | €705 | €352 | €3,574 | €2,681 | ▼ 25.0% |
| Tangible fixed assets22/27 | - | €705 | €352 | €3,574 | €2,681 | ▼ 25.0% |
| Furniture and vehicles24 | - | €705 | €352 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €3,574 | €2,681 | ▼ 25.0% |
| Current assets29/58 | €144,477 | €106,120 | €74,669 | €103,931 | €205,602 | ▲ 97.8% |
| Stocks and contracts in progress3 | €18,726 | €29,565 | €29,778 | €51,391 | €29,520 | ▼ 42.6% |
| Stocks30/36 | €18,726 | €29,565 | €29,778 | €51,391 | €29,520 | ▼ 42.6% |
| Amounts receivable within one year40/41 | €18,648 | €8,696 | €10,789 | €24,288 | €12,635 | ▼ 48.0% |
| Trade receivables40 | - | - | - | €11,250 | €2,865 | ▼ 74.5% |
| Other amounts receivable41 | €18,648 | €8,696 | €10,789 | €13,038 | €9,770 | ▼ 25.1% |
| Cash at bank and in hand54/58 | €107,103 | €66,969 | €31,905 | €26,279 | €161,849 | ▲ 516% |
| Deferred charges and accrued income490/1 | - | €890 | €2,197 | €1,973 | €1,598 | ▼ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144,477 | €106,824 | €75,021 | €107,505 | €208,283 | ▲ 93.7% |
| Equity10/15 | €112,287 | €98,283 | €37,419 | €20,770 | €8,850 | ▼ 57.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €91,827 | €77,823 | €16,959 | €310 | -€11,610 | ▼ 3,845% |
| Amounts payable17/49 | €32,190 | €8,541 | €37,603 | €86,735 | €199,433 | ▲ 130% |
| Amounts payable within one year42/48 | €32,190 | €8,541 | €37,603 | €86,735 | €199,433 | ▲ 130% |
| Trade debts44 | €836 | €480 | €32,052 | €35,718 | €29,316 | ▼ 17.9% |
| Suppliers440/4 | €836 | €480 | €32,052 | €35,718 | €29,316 | ▼ 17.9% |
| Advances received on contracts in progress46 | - | - | - | - | €50,000 | - |
| Taxes, remuneration and social security45 | €11,701 | €5,440 | €2,029 | €2,029 | - | - |
| Taxes450/3 | - | €1 | - | - | - | - |
| Remuneration and social security454/9 | €11,701 | €5,440 | €2,029 | €2,029 | - | - |
| Other amounts payable47/48 | €19,653 | €2,621 | €3,521 | €48,988 | €120,117 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,991 | -€14,004 | -€60,864 | -€16,649 | -€11,920 | ▲ 28.4% |
| + Depreciation and write-downs630 | - | €352 | €353 | €1,246 | €894 | ▼ 28.2% |
| Operating cash flow (approximation) | €27,991 | -€13,652 | -€60,511 | -€15,403 | -€11,026 | ▲ 28.4% |
| Investment in fixed assets (approximation) | - | - | €0 | -€4,468 | -€1 | ▲ 100.0% |
| Change in cash | - | -€40,135 | -€35,064 | -€5,626 | €135,570 | ▲ 2,510% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€60,864
Net result drops to -€60,864, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 12.42
Current ratio from 4.49 to 12.42; short-term debt falls from €32,190 to €8,541.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €27,991 ▲49.9%
Operating result €32,670, net result €27,991, both a record.
31-12
Financial
Equity above €100,000Eq €112,287 ▲33.2%
4 profitable years in a row build equity to €112,287.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Anderlecht · 1 establishment unit since 2006
Ground area
256 m²
Building footprint
108 m²
Volume, LiDAR
1,556 m³
Parcel 21302A0120/00G007, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAJED
since 20062.154.899.639
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0120/00G007 | Brussels | 256 m² | 1 · 108 m² | 17.0 m · 5 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 10,663 companies in sector 47811 we hold annual accounts for 5,225. 2,013 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
Founded15-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Contact
E-mail
majedsprl@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881339624
Also
9925:BE0881339624
Registered
09-12-2025
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.