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MAJTIM

Active
Private limited companyfounded 201313 yrs activeKumtichsestraat 32, 3370 Boutersem, BelgiumKBO/BCE: BE 0503.943.704
Summary

MAJTIM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €435k and a net result of €100k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 71% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability91▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.76 against 6.77 in 2024; short-term debt: 24.4% and cash: 13.4% of total assets), and 24.4% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
75.6%
Return on assets
17.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
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 filings
Deviation from the deadline
2025
7 d early
2024
36 d early
2023
97 d early
2022
35 d early
2021
2 d early
2020
64 d early
2019
21 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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€435k▼ 15.7%
2024 · €516k
2018: €423k 2019: €463k▲ +9.3% vs 2018 2020: €473k▲ +2.1% vs 2019 2021: €439k▼ -7.0% vs 2020 2022: €461k▲ +4.8% vs 2021 2023: €414k▼ -10.1% vs 2022lowest in 8 years 2024: €516k▲ +24.7% vs 2023highest in 8 years 2025: €435k▼ -15.7% vs 2024
2018 → 2025
Total assets
€576k▼ 3.1%
2024 · €594k
2018: €436klowest in 8 years 2019: €476k▲ +9.4% vs 2018 2020: €506k▲ +6.3% vs 2019 2021: €572k▲ +13.0% vs 2020 2022: €572k▲ +0.1% vs 2021 2023: €588k▲ +2.8% vs 2022 2024: €594k▲ +0.9% vs 2023highest in 8 years 2025: €576k▼ -3.1% vs 2024
2018 → 2025
Net result
€100k▼ 15.8%
2024 · €119k
2018: €83k 2019: €41k▼ -50.9% vs 2018lowest in 8 years 2020: €67k▲ +62.5% vs 2019 2021: €105k▲ +58.4% vs 2020 2022: €113k▲ +7.1% vs 2021 2023: €98k▼ -12.9% vs 2022 2024: €119k▲ +21.2% vs 2023highest in 8 years 2025: €100k▼ -15.8% vs 2024
2018 → 2025
Working capital
€388k▼ 13.5%
2024 · €448k
2018: €371k 2019: €423k▲ +14.0% vs 2018 2020: €445k▲ +5.3% vs 2019 2021: €426k▼ -4.4% vs 2020 2022: €408k▼ -4.0% vs 2021 2023: €326k▼ -20.2% vs 2022lowest in 8 years 2024: €448k▲ +37.4% vs 2023highest in 8 years 2025: €388k▼ -13.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€439k-€461k▲ 4.8%€414k▼ 10.1%€516k▲ 24.7%€435k▼ 15.7% 2021: €439k 2022: €461k▲ +4.8% vs 2021 2023: €414k▼ -10.1% vs 2022lowest in 5 years 2024: €516k▲ +24.7% vs 2023highest in 5 years 2025: €435k▼ -15.7% vs 2024
Operating result€133k-€160k▲ 20.6%€144k▼ 10.2%€166k▲ 15.4%€128k▼ 22.9% 2021: €133k 2022: €160k▲ +20.6% vs 2021 2023: €144k▼ -10.2% vs 2022 2024: €166k▲ +15.4% vs 2023highest in 5 years 2025: €128k▼ -22.9% vs 2024lowest in 5 years
Net result€105k-€113k▲ 7.1%€98k▼ 12.9%€119k▲ 21.2%€100k▼ 15.8% 2021: €105k 2022: €113k▲ +7.1% vs 2021 2023: €98k▼ -12.9% vs 2022lowest in 5 years 2024: €119k▲ +21.2% vs 2023highest in 5 years 2025: €100k▼ -15.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100k€150kOperating result 2021: €133k€133kNet result 2021: €105k€105kOperating result 2022: €160k€160kNet result 2022: €113k€113kOperating result 2023: €144k€144kNet result 2023: €98k€98kOperating result 2024: €166k€166kNet result 2024: €119k€119kOperating result 2025: €128k€128kNet result 2025: €100k€100k20212022202320242025€0€50k€100k€150kOperating result 2023: €144k€144kNet result 2023: €98k€98kOperating result 2024: €166k€166kNet result 2024: €119k€119kOperating result 2025: €128k€128kNet result 2025: €100k€100k202320242025
The operating result falls in 2025; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €576k
Fixed assets €48k ▼ 30.2%
Current assets €528k ▲ 0.5%
Equity and liabilities €576k
Equity €435k ▼ 15.7%
Debt €140k ▲ 80.8%
Debt's share of the balance-sheet total rises from 13.1% to 24.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€151k▼
2024 · €189k
Cash flow
€123k▼
2024 · €142k
Current ratio
3.76▼
2024 · 6.77
Debt to equity
0.32▲
2024 · 0.15
ROE
23.0%▼
2024 · 23.1%
ROA
17.4%▼
2024 · 20.1%
Interest coverage
486.88▼
2024 · 856.37
Debt ≤ 1 year
€140k▲
2024 · €78k
Income taxes
€47k▼
2024 · €55k
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 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€594k€576k▼
Fixed assets21/28€68k€48k▼
Tangible fixed assets22/27€68k€48k▼
Plant, machinery and equipment23€6k€6k▼
Furniture and vehicles24€62k€42k▼
Current assets29/58€526k€528k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€27k€26k▼
Trade receivables40€25k€24k▼
Other amounts receivable41€2k€2k=
Current investments50/53€412k€419k▲
Cash at bank and in hand54/58€82k€77k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€594k€576k▼
Equity10/15€516k€435k▼
Contributions10/11€12k€12k=
Reserves13€503k€422k▼
Distributable reserves133€503k€422k▼
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€78k€140k▲
Amounts payable within one year42/48€78k€140k▲
Trade debts44€5k€343▼
Suppliers440/4€5k€343▼
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€0€1k▲
Other amounts payable47/48€62k€127k▲
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8€899€816▼
Non-recurring operating charges66A-€714
Gross operating margin9900€190k€152k▼
Operating profit (loss)9901€166k€128k▼
Financial income75/76B€8k€20k▲
Recurring financial income75€8k€20k▲
Financial charges65/66B€221€310▲
Recurring financial charges65€221€310▲
Profit (loss) for the period before taxes9903€174k€148k▼
Income taxes67/77€55k€47k▼
Profit (loss) for the period9904€119k€100k▼
Profit (loss) for the period to be appropriated9905€119k€100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€102k▼
Profit (loss) brought forward from the previous period14P€3k€1k▼
Transfer from equity791/2€15k€181k▲
Transfer to equity691/2€119k€100k▼
To other reserves6921€119k€100k▼
Profit to be distributed694/7€17k€181k▲
Return on contributions (dividend)694€17k€181k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Non-recurring operating income76A-€10k€13k€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€8k€16k€23k€23k=
Other operating charges640/8€1k€1k€1k€899€816▼ 9.2%
Non-recurring operating charges66A----€714-
Gross operating margin9900€152k€170k€161k€190k€152k▼ 19.7%
Operating profit (loss)9901€133k€160k€144k€166k€128k▼ 22.9%
Financial income75/76B€28k€5k€1k€8k€20k▲ 155%
Recurring financial income75€28k€5k€1k€8k€20k▲ 155%
Financial charges65/66B€2k€1k€2k€221€310▲ 40.4%
Recurring financial charges65€2k€1k€2k€221€310▲ 40.4%
Profit (loss) for the period before taxes9903€159k€165k€143k€174k€148k▼ 15.0%
Income taxes67/77€53k€52k€45k€55k€47k▼ 13.3%
Profit (loss) for the period9904€105k€113k€98k€119k€100k▼ 15.8%
Profit (loss) for the period to be appropriated9905€105k€113k€98k€119k€100k▼ 15.8%
Line20212022202320242025Change
Assets
Total assets20/58€572k€572k€588k€594k€576k▼ 3.1%
Fixed assets21/28€14k€52k€88k€68k€48k▼ 30.2%
Tangible fixed assets22/27€14k€52k€88k€68k€48k▼ 30.2%
Plant, machinery and equipment23€4k€2k€5k€6k€6k▼ 0.8%
Furniture and vehicles24€9k€51k€83k€62k€42k▼ 32.9%
Current assets29/58€558k€520k€500k€526k€528k▲ 0.5%
Amounts receivable after more than one year29--€25k€0--
Trade receivables290--€25k---
Other amounts receivable291---€0--
Amounts receivable within one year40/41-€24k€3k€27k€26k▼ 1.2%
Trade receivables40-€24k€3k€25k€24k▼ 1.3%
Other amounts receivable41---€2k€2k=
Current investments50/53€356k€434k€409k€412k€419k▲ 1.8%
Cash at bank and in hand54/58€198k€57k€59k€82k€77k▼ 5.8%
Deferred charges and accrued income490/1€4k€4k€5k€5k€6k▲ 5.2%
Equity and liabilities
Total equity and liabilities10/49€572k€572k€588k€594k€576k▼ 3.1%
Equity10/15€439k€461k€414k€516k€435k▼ 15.7%
Contributions10/11€12k€12k€12k€12k€12k=
Reserves13€332k€355k€398k€503k€422k▼ 16.1%
Non-distributable reserves130/1€2k€2k----
Reserves not available under the articles1311€2k€2k----
Distributable reserves133€330k€353k€398k€503k€422k▼ 16.1%
Profit (loss) carried forward14€95k€93k€3k€1k€1k=
Amounts payable17/49€133k€112k€174k€78k€140k▲ 80.8%
Amounts payable within one year42/48€133k€112k€174k€78k€140k▲ 80.8%
Trade debts44€84€854€5k€5k€343▼ 92.6%
Suppliers440/4€84€854€5k€5k€343▼ 92.6%
Taxes, remuneration and social security45€39k€19k€14k€11k€13k▲ 15.1%
Taxes450/3€39k€19k€12k€11k€12k▲ 4.9%
Remuneration and social security454/9--€1k€0€1k-
Other amounts payable47/48€94k€92k€156k€62k€127k▲ 106%
Line20212022202320242025Change
Profit (loss) for the period9904€105k€113k€98k€119k€100k▼ 15.8%
+ Depreciation and write-downs630€18k€8k€16k€23k€23k=
Operating cash flow (approximation)€123k€121k€115k€142k€123k▼ 13.2%
Investment in fixed assets (approximation)-€-47k€-52k€-3k€-2k▲ 31.5%
Change in cash-€-141k€2k€23k€-5k▼ 121%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €119k ▲21.2%
Operating result €166k, net result €119k, both a record.
31-12
Financial Liquidity doublescurrent ratio 6.77
Current ratio from 2.87 to 6.77; short-term debt falls from €174k to €78k.
31-12
Financial Equity above €500kEq €516k ▲24.7%
7 profitable years in a row build equity to €516k.
25-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial Weakest financial yearnet €41k ▼50.9%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
08-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
24-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
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.

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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, Boutersem · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
1,349 m²
Building footprint
174 m²
Volume, LiDAR
883 m³
Parcel 24049B0271/00X002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAJTIM
Kumtichsestraat 32, 3370 BoutersemBusiness consulting
since 20132.216.680.523
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24049B0271/00X002 Flanders 1,349 m² 1 · 174 m² 8.9 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

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 35,741 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
Founded04-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
74301Translation services
82990Other business support services

Scores and ratios are computed by Checked and are not a credit decision.