MAJON
ActiveSummary
MAJON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €295k and a net result of €40k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-1
Solvency99▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.65 in 2023; short-term debt: 26.4% and cash: 25.1% of total assets), and 26.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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 →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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
not confirmed
2024
11 d late
2023
69 d early
2022
42 d early
2021
32 d early
2020
29 d early
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€295k▲ 0.9%
2023 · €292k
2018: €165klowest in 7 years
2019: €202k▲ +22.4% vs 2018
2020: €240k▲ +18.8% vs 2019
2021: €274k▲ +14.2% vs 2020
2022: €312k▲ +13.7% vs 2021highest in 7 years
2023: €292k▼ -6.3% vs 2022
2024: €295k▲ +0.9% vs 2023
2018 → 2024
Total assets
€401k▲ 13.7%
2023 · €352k
2018: €222klowest in 7 years
2019: €350k▲ +57.8% vs 2018
2020: €368k▲ +5.1% vs 2019
2021: €403k▲ +9.5% vs 2020
2022: €441k▲ +9.4% vs 2021highest in 7 years
2023: €352k▼ -20.1% vs 2022
2024: €401k▲ +13.7% vs 2023
2018 → 2024
Net result
€40k▲ 5.6%
2023 · €38k
2018: €39k
2019: €37k▼ -5.6% vs 2018
2020: €38k▲ +2.4% vs 2019
2021: €34k▼ -10.0% vs 2020lowest in 7 years
2022: €38k▲ +10.2% vs 2021
2023: €38k▲ +0.1% vs 2022
2024: €40k▲ +5.6% vs 2023highest in 7 years
2018 → 2024
Working capital
€42k▲ 6.9%
2023 · €39k
2018: €71khighest in 7 years
2019: €-98k▼ -238% vs 2018lowest in 7 years
2020: €-40k▲ +59.3% vs 2019
2021: €-14k▲ +65.6% vs 2020
2022: €46k▲ +436% vs 2021
2023: €39k▼ -15.5% vs 2022
2024: €42k▲ +6.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€240k-€274k▲ 14.2%€312k▲ 13.7%€292k▼ 6.3%€295k▲ 0.9%
2020: €240klowest in 5 years
2021: €274k▲ +14.2% vs 2020
2022: €312k▲ +13.7% vs 2021highest in 5 years
2023: €292k▼ -6.3% vs 2022
2024: €295k▲ +0.9% vs 2023
Operating result€56k-€50k▼ 9.9%€55k▲ 10.0%€55k▼ 0.5%€58k▲ 5.3%
2020: €56k
2021: €50k▼ -9.9% vs 2020lowest in 5 years
2022: €55k▲ +10.0% vs 2021
2023: €55k▼ -0.5% vs 2022
2024: €58k▲ +5.3% vs 2023highest in 5 years
Net result€38k-€34k▼ 10.0%€38k▲ 10.2%€38k▲ 0.1%€40k▲ 5.6%
2020: €38k
2021: €34k▼ -10.0% vs 2020lowest in 5 years
2022: €38k▲ +10.2% vs 2021
2023: €38k▲ +0.1% vs 2022
2024: €40k▲ +5.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €401k
Fixed assets
€253k =
Current assets
€147k ▲ 48.5%
Equity and liabilities €401k
Equity
€295k ▲ 0.9%
Debt
€106k ▲ 75.5%
Debt's share of the balance-sheet total rises from 17.1% to 26.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▼
2023 · €78k
Cash flow
€58k▼
2023 · €60k
Current ratio
1.39▼
2023 · 1.65
Debt to equity
0.36▲
2023 · 0.21
ROE
13.5%▲
2023 · 12.9%
ROA
9.9%▼
2023 · 10.7%
Interest coverage
640.93▼
2023 · 654.13
Debt ≤ 1 year
€106k▲
2023 · €60k
Income taxes
€18k▲
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€352k€401k▲
Fixed assets21/28€253k€253k=
Tangible fixed assets22/27€253k€253k=
Land and buildings22€253k€253k▲
Furniture and vehicles24€72-
Current assets29/58€99k€147k▲
Amounts receivable within one year40/41€691-
Other amounts receivable41€691-
Cash at bank and in hand54/58€6k€101k▲
Deferred charges and accrued income490/1€93k€47k▼
Equity and liabilities
Total equity and liabilities10/49€352k€401k▲
Equity10/15€292k€295k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€191k€193k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€184k€187k▲
Profit (loss) carried forward14€40k€40k=
Amounts payable17/49€60k€106k▲
Amounts payable within one year42/48€60k€106k▲
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€55k€99k▲
Accrued charges and deferred income492/3-€67
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€18k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€84k€82k▼
Operating profit (loss)9901€55k€58k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€119€119=
Recurring financial charges65€119€119=
Profit (loss) for the period before taxes9903€55k€58k▲
Income taxes67/77€17k€18k▲
Profit (loss) for the period9904€38k€40k▲
Profit (loss) for the period to be appropriated9905€38k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€79k▲
Profit (loss) brought forward from the previous period14P€40k€40k=
Transfer from equity791/2€57k€37k▼
Transfer to equity691/2€38k€40k▲
To other reserves6921€38k€40k▲
Profit to be distributed694/7€57k€37k▼
Return on contributions (dividend)694€57k€37k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €28k | €23k | €23k | €18k | ▼ 19.7% |
| Other operating charges640/8 | - | €5k | €5k | €6k | €6k | ▲ 7.5% |
| Gross operating margin9900 | €83k | €83k | €83k | €84k | €82k | ▼ 1.4% |
| Operating profit (loss)9901 | €56k | €50k | €55k | €55k | €58k | ▲ 5.3% |
| Financial income75/76B | - | €0 | - | €0 | €1 | ▲ 118% |
| Recurring financial income75 | €0 | €0 | - | €0 | €1 | ▲ 118% |
| Financial charges65/66B | - | €274 | €258 | €119 | €119 | = |
| Recurring financial charges65 | €261 | €274 | €258 | €119 | €119 | = |
| Profit (loss) for the period before taxes9903 | €56k | €50k | €55k | €55k | €58k | ▲ 5.3% |
| Income taxes67/77 | €18k | €16k | €18k | €17k | €18k | ▲ 4.5% |
| Profit (loss) for the period9904 | €38k | €34k | €38k | €38k | €40k | ▲ 5.6% |
| Profit (loss) for the period to be appropriated9905 | €38k | €34k | €38k | €38k | €40k | ▲ 5.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €368k | €403k | €441k | €352k | €401k | ▲ 13.7% |
| Fixed assets21/28 | €280k | €288k | €266k | €253k | €253k | = |
| Tangible fixed assets22/27 | €280k | €288k | €266k | €253k | €253k | = |
| Land and buildings22 | - | €288k | €265k | €253k | €253k | ▲ 0.1% |
| Furniture and vehicles24 | - | - | €292 | €72 | - | - |
| Current assets29/58 | €89k | €116k | €176k | €99k | €147k | ▲ 48.5% |
| Amounts receivable within one year40/41 | €51k | €54k | €55k | €691 | - | - |
| Other amounts receivable41 | - | €54k | €55k | €691 | - | - |
| Cash at bank and in hand54/58 | €33k | €58k | €38k | €6k | €101k | ▲ 1,703% |
| Deferred charges and accrued income490/1 | - | €3k | €83k | €93k | €47k | ▼ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €368k | €403k | €441k | €352k | €401k | ▲ 13.7% |
| Equity10/15 | €240k | €274k | €312k | €292k | €295k | ▲ 0.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €138k | €173k | €210k | €191k | €193k | ▲ 1.4% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €166k | €204k | €184k | €187k | ▲ 1.5% |
| Profit (loss) carried forward14 | €40k | €40k | €40k | €40k | €40k | = |
| Amounts payable17/49 | €128k | €129k | €130k | €60k | €106k | ▲ 75.5% |
| Amounts payable within one year42/48 | €128k | €129k | €130k | €60k | €106k | ▲ 75.4% |
| Trade debts44 | €536 | €2k | €2k | €3k | €5k | ▲ 90.0% |
| Suppliers440/4 | - | €2k | €2k | €3k | €5k | ▲ 90.0% |
| Taxes, remuneration and social security45 | - | - | - | €3k | €2k | ▼ 32.4% |
| Taxes450/3 | - | - | - | €3k | €2k | ▼ 32.4% |
| Other amounts payable47/48 | - | €128k | €128k | €55k | €99k | ▲ 80.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €67 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €34k | €38k | €38k | €40k | ▲ 5.6% |
| + Depreciation and write-downs630 | €21k | €28k | €23k | €23k | €18k | ▼ 19.7% |
| Operating cash flow (approximation) | €59k | €62k | €60k | €60k | €58k | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | €-36k | €-440 | €-10k | €-18k | ▼ 79.4% |
| Change in cash | - | €25k | €-20k | €-33k | €95k | ▲ 392% |
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
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Highest result since 2018net €40k ▲5.6%
Net result €40k, the highest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €34k ▼10%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Equity above €200kEq €202k ▲22.4%
2 profitable years in a row build equity to €202k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waterloo · 1 establishment unit since 1994
Ground area
811 m²
Building footprint
173 m²
Volume, LiDAR
902 m³
Parcel 25763M0390/00_000, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAJON
since 19942.066.428.810
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0390/00_000 | Wallonia | 811 m² | 1 · 173 m² | 7.6 m · 2 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.
Similar companies · same sector, comparable size
STEPHANIE C
BE 0463.552.013
Saint-Ghislain · Eq €295,492
COPPIA
BE 0479.941.251
Aalst · Eq €294,307
SCHOENEN DE STER
BE 0870.331.708
Torhout · Eq €295,884
BETON CONSTRUCT
BE 0462.940.616
Lievegem · Eq €296,185
IL PATTINO
BE 0885.625.143
Scherpenheuvel-Zichem · Eq €297,585
Of 1,034 companies in sector 47721 we hold annual accounts for 582. 419 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
Founded26-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
Scores and ratios are computed by Checked and are not a credit decision.