MAJU
ActiveSummary
MAJU has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.02M and a net result of €178k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 80% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+2
Solvency97▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.24 in 2023; short-term debt: 17.7% and cash: 0.3% of total assets), and 27.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
72.3%
Return on assets
2.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
29 d late
2022
31 d late
2021
82 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€6.02M▲ 3.1%
2023 · €5.84M
2018: €6.23Mhighest in 7 years
2019: €6.18M▼ -0.8% vs 2018
2020: €5.64M▼ -8.7% vs 2019lowest in 7 years
2021: €5.72M▲ +1.4% vs 2020
2022: €5.82M▲ +1.6% vs 2021
2023: €5.84M▲ +0.5% vs 2022
2024: €6.02M▲ +3.1% vs 2023
2018 → 2024
Total assets
€8.33M▼ 1.7%
2023 · €8.47M
2018: €9.18M
2019: €9.19M▲ +0.2% vs 2018highest in 7 years
2020: €8.97M▼ -2.4% vs 2019
2021: €8.78M▼ -2.1% vs 2020
2022: €8.66M▼ -1.4% vs 2021
2023: €8.47M▼ -2.1% vs 2022
2024: €8.33M▼ -1.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€178k▲ 571%
2023 · €27k
2018: €-69klowest in 7 years
2019: €-52k▲ +25.3% vs 2018
2020: €-37k▲ +28.9% vs 2019
2021: €80k▲ +317% vs 2020
2022: €91k▲ +14.8% vs 2021
2023: €27k▼ -71.0% vs 2022
2024: €178k▲ +571% vs 2023highest in 7 years
2018 → 2024
Working capital
€-1.08M▲ 7.9%
2023 · €-1.17M
2018: €-643khighest in 7 years
2019: €-688k▼ -6.9% vs 2018
2020: €-916k▼ -33.2% vs 2019
2021: €-974k▼ -6.3% vs 2020
2022: €-1.04M▼ -6.7% vs 2021
2023: €-1.17M▼ -12.9% vs 2022lowest in 7 years
2024: €-1.08M▲ +7.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5.64M-€5.72M▲ 1.4%€5.82M▲ 1.6%€5.84M▲ 0.5%€6.02M▲ 3.1%
2020: €5.64Mlowest in 5 years
2021: €5.72M▲ +1.4% vs 2020
2022: €5.82M▲ +1.6% vs 2021
2023: €5.84M▲ +0.5% vs 2022
2024: €6.02M▲ +3.1% vs 2023highest in 5 years
Operating result€3k-€114k▲ 4,159%€121k▲ 6.0%€60k▼ 50.6%€148k▲ 148%
2020: €3klowest in 5 years
2021: €114k▲ +4159% vs 2020
2022: €121k▲ +6.0% vs 2021
2023: €60k▼ -50.6% vs 2022
2024: €148k▲ +148% vs 2023highest in 5 years
Net result€-37k-€80k€91k▲ 14.8%€27k▼ 71.0%€178k▲ 571%
2020: €-37klowest in 5 years
2021: €80k▲ +317% vs 2020
2022: €91k▲ +14.8% vs 2021
2023: €27k▼ -71.0% vs 2022
2024: €178k▲ +571% 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 148% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.33M
Fixed assets
€7.93M ▼ 2.1%
Current assets
€397k ▲ 5.9%
Equity and liabilities €8.33M
Equity
€6.02M ▲ 3.1%
Debt
€2.31M ▼ 12.3%
Debt's share of the balance-sheet total falls from 31.1% to 27.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€318k▲
2023 · €231k
Cash flow
€349k▲
2023 · €198k
Current ratio
0.27▲
2023 · 0.24
Debt to equity
0.38▼
2023 · 0.45
ROE
3.0%▲
2023 · 0.5%
ROA
2.1%▲
2023 · 0.3%
Interest coverage
8.29▲
2023 · 7.98
Debt ≤ 1 year
€1.48M▼
2023 · €1.55M
Debt > 1 year
€779k▼
2023 · €1.04M
Income taxes
€16k▲
2023 · €6k
Staff costs
€10k▼
2023 · €79k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8.47M€8.33M▼
Fixed assets21/28€8.10M€7.93M▼
Tangible fixed assets22/27€4.04M€3.87M▼
Land and buildings22€4.04M€3.87M▼
Plant, machinery and equipment23€3k-
Financial fixed assets28€4.06M€4.06M=
Current assets29/58€375k€397k▲
Amounts receivable within one year40/41€60k€67k▲
Trade receivables40-€7k
Other amounts receivable41€60k€60k=
Cash at bank and in hand54/58€9k€24k▲
Deferred charges and accrued income490/1€306k€306k=
Equity and liabilities
Total equity and liabilities10/49€8.47M€8.33M▼
Equity10/15€5.84M€6.02M▲
Contributions10/11€5.85M€5.85M=
Reserves13€64k€169k▲
Non-distributable reserves130/1€64k€64k=
Reserves not available under the articles1311€64k€64k=
Distributable reserves133-€105k
Profit (loss) carried forward14€-73k-
Amounts payable17/49€2.63M€2.31M▼
Amounts payable after more than one year17€1.04M€779k▼
Financial debts170/4€1.04M€779k▼
Amounts payable within one year42/48€1.55M€1.48M▼
Current portion of amounts payable after more than one year42€306k€255k▼
Trade debts44€618k€588k▼
Suppliers440/4€618k€588k▼
Taxes, remuneration and social security45€21k€42k▲
Taxes450/3€96-
Remuneration and social security454/9€21k€42k▲
Other amounts payable47/48€605k€594k▼
Accrued charges and deferred income492/3€47k€50k▲
Income statement
Code20232024
Remuneration, social security and pensions62€79k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€170k▼
Other operating charges640/8€39k€34k▼
Gross operating margin9900€349k€362k▲
Operating profit (loss)9901€60k€148k▲
Financial income75/76B€2k€85k▲
Recurring financial income75€2k€85k▲
Non-recurring financial income76B€2k€85k▲
Financial charges65/66B€29k€38k▲
Recurring financial charges65€29k€38k▲
Profit (loss) for the period before taxes9903€33k€194k▲
Income taxes67/77€6k€16k▲
Profit (loss) for the period9904€27k€178k▲
Profit (loss) for the period to be appropriated9905€27k€178k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-73k€105k▲
Profit (loss) brought forward from the previous period14P€-100k€-73k▲
Transfer to equity691/2-€105k
To the legal reserve6920-€105k
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €99k | €98k | €79k | €10k | ▼ 87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €177k | €170k | €169k | €171k | €170k | ▼ 0.6% |
| Other operating charges640/8 | - | €31k | €32k | €39k | €34k | ▼ 12.6% |
| Gross operating margin9900 | €319k | €415k | €420k | €349k | €362k | ▲ 3.7% |
| Operating profit (loss)9901 | €3k | €114k | €121k | €60k | €148k | ▲ 148% |
| Financial income75/76B | - | - | - | €2k | €85k | ▲ 4,151% |
| Recurring financial income75 | - | - | - | €2k | €85k | ▲ 4,151% |
| Non-recurring financial income76B | - | - | - | €2k | €85k | ▲ 4,151% |
| Financial charges65/66B | - | €34k | €28k | €29k | €38k | ▲ 32.7% |
| Recurring financial charges65 | €39k | €34k | €28k | €29k | €38k | ▲ 32.7% |
| Profit (loss) for the period before taxes9903 | €-37k | €80k | €93k | €33k | €194k | ▲ 495% |
| Income taxes67/77 | - | €534 | €1k | €6k | €16k | ▲ 161% |
| Profit (loss) for the period9904 | €-37k | €80k | €91k | €27k | €178k | ▲ 571% |
| Profit (loss) for the period to be appropriated9905 | €-37k | €80k | €91k | €27k | €178k | ▲ 571% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.97M | €8.78M | €8.66M | €8.47M | €8.33M | ▼ 1.7% |
| Fixed assets21/28 | €8.58M | €8.41M | €8.27M | €8.10M | €7.93M | ▼ 2.1% |
| Tangible fixed assets22/27 | €4.52M | €4.35M | €4.21M | €4.04M | €3.87M | ▼ 4.2% |
| Land and buildings22 | - | €4.35M | €4.21M | €4.04M | €3.87M | ▼ 4.1% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | - | - |
| Financial fixed assets28 | €4.06M | €4.06M | €4.06M | €4.06M | €4.06M | = |
| Current assets29/58 | €392k | €374k | €388k | €375k | €397k | ▲ 5.9% |
| Amounts receivable within one year40/41 | €60k | €60k | €67k | €60k | €67k | ▲ 11.2% |
| Trade receivables40 | - | - | €7k | - | €7k | - |
| Other amounts receivable41 | - | €60k | €60k | €60k | €60k | = |
| Cash at bank and in hand54/58 | €26k | €8k | €15k | €9k | €24k | ▲ 176% |
| Deferred charges and accrued income490/1 | - | €306k | €306k | €306k | €306k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.97M | €8.78M | €8.66M | €8.47M | €8.33M | ▼ 1.7% |
| Equity10/15 | €5.64M | €5.72M | €5.82M | €5.84M | €6.02M | ▲ 3.1% |
| Contributions10/11 | - | €5.85M | €5.85M | €5.85M | €5.85M | = |
| Reserves13 | €64k | €64k | €64k | €64k | €169k | ▲ 165% |
| Non-distributable reserves130/1 | - | €64k | €64k | €64k | €64k | = |
| Reserves not available under the articles1311 | - | €64k | €64k | €64k | €64k | = |
| Distributable reserves133 | - | - | - | - | €105k | - |
| Profit (loss) carried forward14 | €-271k | €-191k | €-100k | €-73k | - | - |
| Amounts payable17/49 | €3.32M | €3.06M | €2.84M | €2.63M | €2.31M | ▼ 12.3% |
| Amounts payable after more than one year17 | €1.96M | €1.65M | €1.36M | €1.04M | €779k | ▼ 24.8% |
| Financial debts170/4 | - | €1.65M | €1.36M | €1.04M | €779k | ▼ 24.8% |
| Amounts payable within one year42/48 | €1.31M | €1.35M | €1.43M | €1.55M | €1.48M | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | - | €291k | €284k | €306k | €255k | ▼ 16.6% |
| Trade debts44 | €570k | €594k | €632k | €618k | €588k | ▼ 4.9% |
| Suppliers440/4 | - | €594k | €632k | €618k | €588k | ▼ 4.9% |
| Taxes, remuneration and social security45 | - | €29k | €37k | €21k | €42k | ▲ 101% |
| Taxes450/3 | - | €16k | €17k | €96 | - | - |
| Remuneration and social security454/9 | - | €14k | €21k | €21k | €42k | ▲ 102% |
| Other amounts payable47/48 | - | €435k | €475k | €605k | €594k | ▼ 1.8% |
| Accrued charges and deferred income492/3 | - | €55k | €55k | €47k | €50k | ▲ 7.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-37k | €80k | €91k | €27k | €178k | ▲ 571% |
| + Depreciation and write-downs630 | €177k | €170k | €169k | €171k | €170k | ▼ 0.6% |
| Operating cash flow (approximation) | €140k | €250k | €261k | €198k | €349k | ▲ 76.2% |
| Investment in fixed assets (approximation) | - | €0 | €-32k | €800 | €-2k | ▼ 394% |
| Change in cash | - | €-17k | €7k | €-6k | €15k | ▲ 346% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €178k ▲571%
Operating result €148k, net result €178k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial
Back to profitnet €80k
Net result €80k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Heist-op-den-Berg · 2 establishment units since 1995
Ground area
7,854 m²
Building footprint
5,036 m²
Volume, LiDAR
28,250 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
MAJU
since 19952.073.764.285
MAJU
since 20202.307.966.926
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12006C0707/00R002 | Flanders | 7,011 m² | 1 · 3,818 m² | 8.6 m · 2 fl. |
| 12006C0893/00X000 | Flanders | 843 m² | 1 · 1,218 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Tech Lane Parkgebouw
BE 0789.726.488
Gent · Eq €6,010,355
PATROM
BE 0827.494.231
Oudenaarde · Eq €6,032,505
CHRISTELIJKE SOCIALE WERKEN REGIO MECHELEN-TURNHOUT
BE 0400.819.044
Antwerpen · Eq €6,038,304
Allinvest
BE 0444.444.892
Oostrozebeke · Eq €6,044,479
ROYAL HUNT PROPERTIES
BE 0872.934.375
Genappe · Eq €5,996,286
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 2,441 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
Founded30-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
77310Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.