MAJUAL
ActiveSummary
The computed 12-month bankruptcy probability of MAJUAL is 2.3% (moderate). The 2025 annual accounts show equity of €19,585 and a net result of €430,891. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+10
Solvency26=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.27 against 0.4 in 2024; short-term debt: 77.2% and cash: 2.5% of total assets), and 98.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
1.1%
Return on assets
23.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-09-2025, 136 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
136 d early
2024
1 d late
2023
3 d early
2022
21 d late
2021
35 d early
2020
22 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 January (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,585▼ 31.7%
2024 · €28,694
Total assets
€1.8m▼ 11.9%
2024 · €2.0m
Net result
€430,891▼ 4.6%
2024 · €451,597
Working capital
-€1.0m▼ 10.0%
2024 · -€920,236
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,034▲ 49.8%-€58,522▼ 2,777%€2,184€864▼ 60.4%€2,553▲ 195%
Net result€190,658▲ 26.2%€323,972▲ 69.9%€292,792▼ 9.6%€451,597▲ 54.2%€430,891▼ 4.6%
Equity€354,133▲ 117%€678,105▲ 91.5%€970,897▲ 43.2%€28,694▼ 97.0%€19,585▼ 31.7%
Total assets€1.3m▲ 3.6%€1.8m▲ 40.1%€1.7m▼ 6.7%€2.0m▲ 20.6%€1.8m▼ 11.9%
Debt€943,488▼ 13.3%€1.1m▲ 20.8%€724,361▼ 36.4%€2.0m▲ 178%€1.8m▼ 11.6%
Working capital€19,477€171,848▲ 782%€119,860▼ 30.3%-€920,236-€1.0m▼ 10.0%
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 2025; 2025 is 195% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.4m ▼ 1.3%
Current assets
€377,938 ▼ 37.4%
Equity and liabilities €1.8m
Equity
€19,585 ▼ 31.7%
Debt
€1.8m ▼ 11.6%
Debt's share of the balance-sheet total rises from 98.6% to 98.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,794▲
2024 · €19,105
Cash flow
€449,132▼
2024 · €469,838
Current ratio
0.27▼
2024 · 0.40
Debt to equity
90.98▲
2024 · 70.28
ROA
23.9%▲
2024 · 22.1%
Interest coverage
2.38▲
2024 · 1.34
Debt ≤ 1 year
€1.4m▼
2024 · €1.5m
Debt > 1 year
€391,968▼
2024 · €492,746
A ratio outside any meaningful range has been withheld (balance sheet total €1.8m, equity €19,585).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €9,121 | €18,241 | €18,241 | €18,241 | = |
| Other operating charges640/8 | - | €347 | €2,648 | €2,911 | €2,997 | ▲ 3.0% |
| Gross operating margin9900 | -€1,686 | -€49,054 | €23,073 | €22,016 | €23,791 | ▲ 8.1% |
| Operating profit (loss)9901 | -€2,034 | -€58,522 | €2,184 | €864 | €2,553 | ▲ 195% |
| Financial income75/76B | - | €400,000 | €300,000 | €465,000 | €437,070 | ▼ 6.0% |
| Recurring financial income75 | €210,000 | €400,000 | €300,000 | €465,000 | €437,070 | ▼ 6.0% |
| Financial charges65/66B | - | €17,506 | €9,392 | €14,267 | €8,732 | ▼ 38.8% |
| Recurring financial charges65 | €17,308 | €17,506 | €9,392 | €14,267 | €8,732 | ▼ 38.8% |
| Profit (loss) for the period before taxes9903 | €190,658 | €323,972 | €292,792 | €451,597 | €430,891 | ▼ 4.6% |
| Profit (loss) for the period9904 | €190,658 | €323,972 | €292,792 | €451,597 | €430,891 | ▼ 4.6% |
| Profit (loss) for the period to be appropriated9905 | €190,658 | €323,972 | €292,792 | €451,597 | €430,891 | ▼ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.8m | €1.7m | €2.0m | €1.8m | ▼ 11.9% |
| Fixed assets21/28 | €1.1m | €1.5m | €1.5m | €1.4m | €1.4m | ▼ 1.3% |
| Tangible fixed assets22/27 | - | €356,709 | €338,468 | €320,226 | €301,985 | ▼ 5.7% |
| Land and buildings22 | - | €356,709 | €338,468 | €320,226 | €301,985 | ▼ 5.7% |
| Financial fixed assets28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €176,171 | €339,628 | €235,340 | €603,586 | €377,938 | ▼ 37.4% |
| Amounts receivable within one year40/41 | €160,000 | €300,000 | €200,000 | €164,232 | €64 | ▼ 100.0% |
| Other amounts receivable41 | - | €300,000 | €200,000 | €164,232 | €64 | ▼ 100.0% |
| Current investments50/53 | - | - | - | €250,000 | €332,488 | ▲ 33.0% |
| Cash at bank and in hand54/58 | €16,171 | €39,628 | €35,340 | €189,354 | €45,386 | ▼ 76.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.8m | €1.7m | €2.0m | €1.8m | ▼ 11.9% |
| Equity10/15 | €354,133 | €678,105 | €970,897 | €28,694 | €19,585 | ▼ 31.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €339,873 | €663,845 | €956,637 | €10,094 | €985 | ▼ 90.2% |
| Amounts payable17/49 | €943,488 | €1.1m | €724,361 | €2.0m | €1.8m | ▼ 11.6% |
| Amounts payable after more than one year17 | €786,794 | €971,902 | €608,881 | €492,746 | €391,968 | ▼ 20.5% |
| Financial debts170/4 | - | €971,902 | €608,881 | €492,746 | €391,968 | ▼ 20.5% |
| Amounts payable within one year42/48 | €156,694 | €167,780 | €115,480 | €1.5m | €1.4m | ▼ 8.8% |
| Current portion of amounts payable after more than one year42 | - | €166,636 | €114,210 | €116,135 | €100,778 | ▼ 13.2% |
| Trade debts44 | €908 | €1,089 | €1,089 | €1,180 | €1,250 | ▲ 5.9% |
| Suppliers440/4 | - | €1,089 | €1,089 | €1,180 | €1,250 | ▲ 5.9% |
| Other amounts payable47/48 | - | €55 | €181 | €1.4m | €1.3m | ▼ 8.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €190,658 | €323,972 | €292,792 | €451,597 | €430,891 | ▼ 4.6% |
| + Depreciation and write-downs630 | - | €9,121 | €18,241 | €18,241 | €18,241 | = |
| Operating cash flow (approximation) | €190,658 | €333,093 | €311,033 | €469,838 | €449,132 | ▼ 4.4% |
| Investment in fixed assets (approximation) | - | -€365,830 | €0 | €1 | €0 | ▼ 100% |
| Change in cash | - | €23,457 | -€4,288 | €154,014 | -€143,968 | ▼ 193% |
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
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
01-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
30-06
Financial
Highest result since 2020net €451,597 ▲54.2%
Net result €451,597, the highest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
30-06
Financial
Equity above €500,000Eq €678,105 ▲91.5%
3 profitable years in a row build equity to €678,105.
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €200,000Eq €354,133 ▲117%
2 profitable years in a row build equity to €354,133.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 22 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.
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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, Ciney · 1 establishment unit since 2019
Ground area
244 m²
Building footprint
54 m²
Parcel 91030A0352/00Y000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAJUAL
since 20192.283.930.920
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030A0352/00Y000 | Wallonia | 244 m² | 1 · 54 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2019
Fiscal year end30-06
Contact
E-mail
martin-delvaux@hotmail.com
Phone
+32474581692
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.