Major Europe
ActiveSummary
The annual accounts of Major Europe for fiscal year 2025 show a net loss of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €291k and a net result of €-446k. Equity is shrinking by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 15% of 674 sector peers (fiscal year 2025). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-11
Solvency41▼-25
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days 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 short (current ratio 0.89 against 1.21 in 2024; short-term debt: 82.9% and cash: 18% of total assets), and 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 €-446k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 674 sector peers (2025).
NBB · sector comparisonPosition among 674 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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
107 d early
2023
70 d early
2022
48 d early
2021
62 d early
2020
59 d early
2019
37 d early
← 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
24-09-2026 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
€-446k▼ 286%
2024 · €-116k
2018: €-256k
2019: €-295k
2020: €-542k
2021: €-135k
2022: €-247k
2023: €-114k
2024: €-116k
2018 → 2025
Working capital
€-162k
2024 · €227k
2018: €1.13M
2019: €920k
2020: €660k
2021: €547k
2022: €266k
2023: €235k
2024: €227k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€967k▼ 20.3%€854k▼ 11.7%€738k▼ 13.5%€291k▼ 60.5%
Operating result€-112k-€-231k▼ 106%€-96k▲ 58.6%€-125k▼ 30.6%€-503k▼ 303%
Net result€-135k-€-247k▼ 83.3%€-114k▲ 54.0%€-116k▼ 1.7%€-446k▼ 286%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €503k in 2025 against €125k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€471k ▼ 8.4%
Current assets
€1.33M ▲ 3.8%
Equity and liabilities €1.80M
Equity
€291k ▼ 60.5%
Debt
€1.51M ▲ 42.7%
Debt's share of the balance-sheet total rises from 58.9% to 83.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-400k▼
2024 · €-17k
Cash flow
€-343k▼
2024 · €-8k
Current ratio
0.89▼
2024 · 1.21
Quick ratio
0.54▼
2024 · 0.58
Debt to equity
5.18▲
2024 · 1.43
ROE
-153.2%▼
2024 · -15.7%
ROA
-24.8%▼
2024 · -6.4%
Interest coverage
-34.63▼
2024 · -0.84
Debt ≤ 1 year
€1.49M▲
2024 · €1.06M
Income taxes
€276
Staff costs
€871k▲
2024 · €758k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.80M€1.80M▲
Fixed assets21/28€514k€471k▼
Tangible fixed assets22/27€514k€471k▼
Land and buildings22€441k€378k▼
Plant, machinery and equipment23€60k€59k▼
Furniture and vehicles24€13k€34k▲
Current assets29/58€1.28M€1.33M▲
Stocks and contracts in progress3€672k€529k▼
Stocks30/36€561k€478k▼
Contracts in progress37€111k€51k▼
Amounts receivable within one year40/41€378k€471k▲
Trade receivables40€373k€466k▲
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€227k€324k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.80M€1.80M▲
Equity10/15€738k€291k▼
Contributions10/11€372k€372k=
Capital10€372k€372k=
Issued capital100€372k€372k=
Reserves13€98k€98k=
Non-distributable reserves130/1€37k€37k=
Legal reserve130€37k€37k=
Tax-exempt reserves132€60k€60k=
Profit (loss) carried forward14€268k€-178k▼
Amounts payable17/49€1.06M€1.51M▲
Amounts payable within one year42/48€1.06M€1.49M▲
Financial debts43€150k-
Other loans439€150k-
Trade debts44€793k€1.36M▲
Suppliers440/4€793k€1.36M▲
Taxes, remuneration and social security45€112k€133k▲
Taxes450/3€17k€21k▲
Remuneration and social security454/9€95k€112k▲
Accrued charges and deferred income492/3€3k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62€758k€871k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€108k€104k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k€-14k▼
Other operating charges640/8€29k€28k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€788k€486k▼
Operating profit (loss)9901€-125k€-503k▼
Financial income75/76B€30k€68k▲
Recurring financial income75€30k€68k▲
Financial charges65/66B€20k€12k▼
Recurring financial charges65€20k€12k▼
Profit (loss) for the period before taxes9903€-116k€-446k▼
Income taxes67/77-€276
Profit (loss) for the period9904€-116k€-446k▼
Profit (loss) for the period to be appropriated9905€-116k€-446k▼
Appropriation of the result
Profit (loss) to be appropriated9906€268k€-178k▼
Profit (loss) brought forward from the previous period14P€384k€268k▼
Social balance
Average headcount (FTE)908712.812.9▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-03
State Gazette act
Resignations: HAVER Walter Ernst Rolf (director) and PIRENNE Pierre Gilles Marie Paul Ghislain (director)Appointments: RODOLFS Alain Hubert Jean (director) and HAVER Niklas (président de l’organe d’administration et comme administrateur délégué) · Capital increase · Capital8 facts ▸
State Gazette act
Resignations: HAVER Walter Ernst Rolf (director) and PIRENNE Pierre Gilles Marie Paul Ghislain (director)
Appointments: RODOLFS Alain Hubert Jean (director) and HAVER Niklas (président de l’organe d’administration et comme administrateur délégué) · Capital increase · Capital8 facts ▸
- General meeting, 17 mars 2026
- Capital increase, €1.500.000
- Capital, euros 1.872.000
- Director resignation, HAVER Walter Ernst Rolf (director)
- Director discharge, HAVER Walter Ernst Rolf
- Director resignation, PIRENNE Pierre Gilles Marie Paul Ghislain (director (executive))
- Director appointment, RODOLFS Alain Hubert Jean (director (executive))
- Director appointment, HAVER Niklas (président de l’organe d’administration et comme administrateur délégué)
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-542k
Net result drops to €-542k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
HAVER Niklas
CurrentPrésident de l’organe d’administration et comme administrateur délégué · since 30-03-2026
RODOLFS Alain Hubert Jean
CurrentDirector (executive) · since 30-03-2026
30-03-2026
HAVER Niklas: Appointed as Président de l’organe d’administration et comme administrateur délégué
30-03-2026
RODOLFS Alain Hubert Jean: Appointed as Director (executive)
30-03-2026
HAVER Walter Ernst Rolf: Resigned as Director
30-03-2026
PIRENNE Pierre Gilles Marie Paul Ghislain: Resigned as Director (executive)
Location & real-estate footprint
Registered office, Herve · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Gaillettes 94651 HerveGround area
7,133 m²
Building footprint
2,075 m²
Volume, LiDAR
13,564 m³
Parcel 63006D0284/00H000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Gaillettes 9, 4651 Herve
since 19902.016.107.386
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0284/00H000 | Wallonia | 7,133 m² | 1 · 2,074 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Capital over the years
- 30-03-2026 Capital increase of 1,500,000 EUR · to 1,872,000 EUR
Recognitions · licences · registrations
Legal Entity Identifier
875500OPDHBNP49HCT07
Similar companies · same sector, comparable size
FEBRUS
BE 0806.166.208
Schoten · Eq €291k
DE WIT CONSTRUCTIES
BE 0459.099.614
Halen · Eq €293k
Arco Construct
BE 0734.426.194
Wevelgem · Eq €289k
ATELIERS VANDROOGENBROECK ET FRANCOIS
BE 0401.209.717
Lessines · Eq €295k
H. GERARD ET DIDIER
BE 0872.166.986
Bouillon · Eq €286k
Of 908 companies in sector 25120 we hold annual accounts for 677. 551 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-04-1979
Fiscal year end31-12
Activities, NACEBEL 2025
24340Manufacture of basic metals
25120Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.