MAJTIM
ActiveSummary
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 2025Solvency, 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 dateAge against the risk zone
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 filingsDeviation 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
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
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
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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
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
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
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.
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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.