MAJID
ActiveSummary
MAJID has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €843k and a net result of €10k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+9
Solvency57▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.44 in 2024; short-term debt: 57.5% and cash: 3.1% of total assets), and 68.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.6%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
34 d late
2024
42 d late
2023
34 d late
2022
31 d late
2021
30 d late
2020
110 d late
2019
82 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10k▲ 164%
2024 · €4k
Working capital
€508k▼ 12.7%
2024 · €581k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12k▼ 69.5%€44k▲ 260%€27k▼ 39.2%€33k▲ 23.5%€29k▼ 13.1%
Net result€12k▼ 45.5%€44k▲ 260%€12k▼ 73.2%€4k▼ 66.7%€10k▲ 164%
Equity€239k▲ 5.4%€817k▲ 242%€829k▲ 1.4%€833k▲ 0.5%€843k▲ 1.2%
Total assets€2.29M▲ 2.9%€2.15M▼ 6.5%€2.64M▲ 22.9%€2.52M▼ 4.4%€2.66M▲ 5.8%
Debt€2.05M▲ 2.6%€1.33M▼ 35.4%€1.81M▲ 36.0%€1.69M▼ 6.7%€1.82M▲ 8.0%
Working capital€160k▼ 1.6%€561k▲ 252%€586k▲ 4.5%€581k▼ 0.9%€508k▼ 12.7%
Staff (FTE)120,512.33▼ 100.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.66M
Fixed assets
€624k ▲ 0.7%
Current assets
€2.04M ▲ 7.5%
Equity and liabilities €2.66M
Equity
€843k ▲ 1.2%
Debt
€1.82M ▲ 8.0%
Debt's share of the balance-sheet total rises from 66.9% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▼
2024 · €64k
Cash flow
€41k▲
2024 · €35k
Current ratio
1.33▼
2024 · 1.44
Quick ratio
0.73▼
2024 · 0.74
Debt to equity
2.16▲
2024 · 2.02
ROE
1.2%▲
2024 · 0.5%
ROA
0.4%▲
2024 · 0.2%
Interest coverage
3.26▲
2024 · 2.22
Debt ≤ 1 year
€1.53M▲
2024 · €1.32M
Debt > 1 year
€288k▼
2024 · €368k
Staff costs
€57k▼
2024 · €118k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €121k | €118k | €57k | ▼ 51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €34k | €34k | €31k | €31k | ▼ 1.1% |
| Other operating charges640/8 | €437k | €550k | €503k | €542k | €75k | ▼ 86.2% |
| Gross operating margin9900 | €482k | €627k | €684k | €724k | €192k | ▼ 73.5% |
| Operating profit (loss)9901 | €12k | €44k | €27k | €33k | €29k | ▼ 13.1% |
| Financial charges65/66B | - | - | €15k | €29k | €18k | ▼ 36.9% |
| Recurring financial charges65 | - | - | €15k | €29k | €18k | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | €12k | €44k | €12k | €4k | €10k | ▲ 164% |
| Profit (loss) for the period9904 | €12k | €44k | €12k | €4k | €10k | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €12k | €44k | €12k | €4k | €10k | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.29M | €2.15M | €2.64M | €2.52M | €2.66M | ▲ 5.8% |
| Fixed assets21/28 | €702k | €673k | €651k | €620k | €624k | ▲ 0.7% |
| Tangible fixed assets22/27 | €689k | €660k | €637k | €606k | €610k | ▲ 0.7% |
| Land and buildings22 | €647k | €627k | €607k | €588k | €568k | ▼ 3.4% |
| Plant, machinery and equipment23 | €31k | €26k | €18k | €10k | €2k | ▼ 81.8% |
| Furniture and vehicles24 | €11k | €6k | €12k | €9k | €36k | ▲ 323% |
| Leasing and similar rights25 | - | - | - | - | €4k | - |
| Financial fixed assets28 | €14k | €14k | €14k | €14k | €14k | = |
| Current assets29/58 | €1.59M | €1.47M | €1.98M | €1.90M | €2.04M | ▲ 7.5% |
| Stocks and contracts in progress3 | €1.15M | €1.01M | €1.19M | €929k | €925k | ▼ 0.3% |
| Stocks30/36 | €1.15M | €1.01M | €1.19M | €929k | €925k | ▼ 0.3% |
| Amounts receivable within one year40/41 | €426k | €464k | €692k | €937k | €1.03M | ▲ 10.3% |
| Trade receivables40 | €392k | €416k | €628k | €930k | €1.03M | ▲ 11.0% |
| Other amounts receivable41 | €33k | €48k | €65k | €6k | - | - |
| Cash at bank and in hand54/58 | €13k | - | €106k | €34k | €83k | ▲ 143% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.29M | €2.15M | €2.64M | €2.52M | €2.66M | ▲ 5.8% |
| Equity10/15 | €239k | €817k | €829k | €833k | €843k | ▲ 1.2% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €67k | €602k | €602k | €602k | €602k | = |
| Non-distributable reserves130/1 | €7k | €541k | €541k | €541k | €541k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves not available under the articles1311 | - | €535k | €535k | €535k | €535k | = |
| Distributable reserves133 | €60k | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €110k | €154k | €165k | €169k | €180k | ▲ 6.1% |
| Amounts payable17/49 | €2.05M | €1.33M | €1.81M | €1.69M | €1.82M | ▲ 8.0% |
| Amounts payable after more than one year17 | €623k | €417k | €408k | €368k | €288k | ▼ 21.7% |
| Financial debts170/4 | €623k | €417k | €408k | €368k | €288k | ▼ 21.7% |
| Amounts payable within one year42/48 | €1.43M | €911k | €1.40M | €1.32M | €1.53M | ▲ 16.3% |
| Current portion of amounts payable after more than one year42 | - | €43k | - | - | - | - |
| Financial debts43 | - | €81k | €217k | €184k | €263k | ▲ 42.7% |
| Credit institutions430/8 | - | €81k | €217k | €184k | €263k | ▲ 42.7% |
| Trade debts44 | €746k | €651k | €1.07M | €1.04M | €1.17M | ▲ 12.4% |
| Suppliers440/4 | €746k | €651k | €1.07M | €1.04M | €1.17M | ▲ 12.4% |
| Advances received on contracts in progress46 | €8k | €8k | €11k | €25k | €33k | ▲ 32.6% |
| Taxes, remuneration and social security45 | €8k | €8k | €9k | €9k | €11k | ▲ 18.8% |
| Taxes450/3 | - | - | - | - | €11k | - |
| Remuneration and social security454/9 | €8k | €8k | €9k | €9k | - | - |
| Other amounts payable47/48 | €670k | €119k | €90k | €57k | €55k | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €44k | €12k | €4k | €10k | ▲ 164% |
| + Depreciation and write-downs630 | €33k | €34k | €34k | €31k | €31k | ▼ 1.1% |
| Operating cash flow (approximation) | €45k | €78k | €45k | €35k | €41k | ▲ 17.1% |
| Investment in fixed assets (approximation) | - | €-5k | €-11k | €0 | €-35k | - |
| Change in cash | - | - | - | €-72k | €49k | ▲ 168% |
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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 34 days late
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 42 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼66.7%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 34 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €44k ▲260%
Operating result €44k, net result €44k, both a record.
31-12
Financial
Equity above €500kEq €817k ▲242%
5 profitable years in a row build equity to €817k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
18-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 110 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 82 days late
2019
31-12
Financial
Equity above €200kEq €205k ▲6.3%
2 profitable years in a row build equity to €205k.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
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, Brussel · 1 establishment unit since 2012
Ground area
12.0 ha
Building footprint
6,817 m²
Volume, LiDAR
70,289 m³
Parcel 21813E0110/00G002, Brussels · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Werkhuizenkaai 22-23, 1000 Brussel
since 20122.207.441.371
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813E0110/00G002 | Brussels | 12.0 ha | 1 · 6,817 m² | 11.7 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.207.441.371
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Of 697 companies in sector 46392 we hold annual accounts for 483. 328 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
46392Non-specialised wholesale
47110Non-specialised retail sale with food, beverages or tobacco predominating
46431Wholesale of electrical household appliances and audio-video equipment
Scores and ratios are computed by Checked and are not a credit decision.