Majengo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €23,947, after a profit of €24,314 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1.2m | €45,732 |
| Financial fixed assets | €7,500 | €0 |
| Depreciation and write-downs of the year | €82,261 | €51,419 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,261 | €51,419 | ▼ 37.5% |
| Other operating charges640/8 | €13,774 | €7,798 | ▼ 43.4% |
| Gross operating margin9900 | €120,348 | €35,270 | ▼ 70.7% |
| Operating profit (loss)9901 | €24,314 | -€23,947 | - |
| Financial charges65/66B | €79 | €45 | ▼ 42.7% |
| Recurring financial charges65 | €79 | €45 | ▼ 42.7% |
| Profit (loss) for the period before taxes9903 | €24,235 | -€23,992 | - |
| Income taxes67/77 | €5,066 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €19,169 | -€23,992 | - |
| Profit (loss) for the period to be appropriated9905 | €19,169 | -€23,992 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.2m | €1.2m | ▼ 1.9% |
| Fixed assets21/28 | €1.1m | €1.1m | ▼ 0.5% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | ▼ 0.5% |
| Land and buildings22 | €1.1m | €1.1m | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €0.02m | - |
| Furniture and vehicles24 | - | €0.02m | - |
| Financial fixed assets28 | €0.008m | €0.008m | = |
| Current assets29/58 | €0.1m | €0.09m | ▼ 16.8% |
| Stocks and contracts in progress3 | - | €58 | - |
| Stocks30/36 | - | €58 | - |
| Amounts receivable within one year40/41 | €0.02m | €0.03m | ▲ 65.4% |
| Trade receivables40 | - | €0.005m | - |
| Other amounts receivable41 | €0.02m | €0.03m | ▲ 37.2% |
| Cash at bank and in hand54/58 | €0.08m | €0.05m | ▼ 41.2% |
| Deferred charges and accrued income490/1 | €0.007m | €0.009m | ▲ 30.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.2m | €1.2m | ▼ 1.9% |
| Equity10/15 | €1.1m | €1.1m | ▼ 2.2% |
| Contributions10/11 | €1.1m | €1.1m | = |
| Reserves13 | €0.02m | €0.02m | = |
| Distributable reserves133 | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | - | -€0.02m | - |
| Amounts payable17/49 | €0.1m | €0.1m | ▲ 0.6% |
| Amounts payable after more than one year17 | €0.03m | €0.03m | = |
| Other amounts payable178/9 | €0.03m | €0.03m | = |
| Amounts payable within one year42/48 | €0.08m | €0.08m | ▲ 0.8% |
| Trade debts44 | €0.001m | €0.003m | ▲ 225% |
| Suppliers440/4 | €0.001m | €0.003m | ▲ 225% |
| Taxes, remuneration and social security45 | €0.002m | €0.002m | = |
| Taxes450/3 | €0.002m | €0.002m | = |
| Other amounts payable47/48 | €0.07m | €0.07m | ▼ 2.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19,169 | -€23,992 | - |
| + Depreciation and write-downs630 | €82,261 | €51,419 | ▼ 37.5% |
| Operating cash flow (approximation) | €101,430 | €27,427 | ▼ 73.0% |
| Investment in fixed assets (approximation) | - | -€45,732 | - |
| Change in cash | - | -€32,576 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 480 companies had the same profile as Majengo has now. Two years later, 95.8% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Majengo itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 480 companies, not a prediction for Majengo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.