MAJUBO
ActiveSummary
MAJUBO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €11k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 43% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+75
Solvency46▼-54
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 14.2 in 2024; short-term debt: 78.8% and cash: 6.2% of total assets), and 78.9% 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+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 · 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 · 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
21.1%
Return on assets
9%
Age of the figures
9 mo
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
30 d early
2023
30 d early
2022
30 d early
2021
34 d early
2020
33 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▼ 75.4%
2024 · €106k
2020: €70k
2021: €98k▲ +39.2% vs 2020
2022: €103k▲ +5.1% vs 2021
2023: €118k▲ +14.7% vs 2022highest in 6 years
2024: €106k▼ -10.7% vs 2023
2025: €26k▼ -75.4% vs 2024lowest in 6 years
2020 → 2025
Total assets
€123k▲ 9.5%
2024 · €112k
2020: €99klowest in 6 years
2021: €125k▲ +26.4% vs 2020
2022: €111k▼ -11.4% vs 2021
2023: €127k▲ +14.4% vs 2022highest in 6 years
2024: €112k▼ -11.5% vs 2023
2025: €123k▲ +9.5% vs 2024
2020 → 2025
Net result
€11k
2024 · €-13k
2020: €58khighest in 6 years
2021: €28k▼ -52.4% vs 2020
2022: €5k▼ -81.9% vs 2021
2023: €15k▲ +204% vs 2022
2024: €-13k▼ -183% vs 2023lowest in 6 years
2025: €11k▲ +187% vs 2024
2020 → 2025
Working capital
€12k▼ 86.6%
2024 · €90k
2020: €65k
2021: €95k▲ +45.0% vs 2020
2022: €101k▲ +7.0% vs 2021
2023: €112k▲ +10.7% vs 2022highest in 6 years
2024: €90k▼ -20.2% vs 2023
2025: €12k▼ -86.6% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€103k▲ 5.1%€118k▲ 14.7%€106k▼ 10.7%€26k▼ 75.4%
2021: €98k
2022: €103k▲ +5.1% vs 2021
2023: €118k▲ +14.7% vs 2022highest in 5 years
2024: €106k▼ -10.7% vs 2023
2025: €26k▼ -75.4% vs 2024lowest in 5 years
Operating result€45k-€14k▼ 69.7%€26k▲ 89.8%€-12k€14k
2021: €45khighest in 5 years
2022: €14k▼ -69.7% vs 2021
2023: €26k▲ +89.8% vs 2022
2024: €-12k▼ -147% vs 2023lowest in 5 years
2025: €14k▲ +215% vs 2024
Net result€28k-€5k▼ 81.9%€15k▲ 204%€-13k€11k
2021: €28khighest in 5 years
2022: €5k▼ -81.9% vs 2021
2023: €15k▲ +204% vs 2022
2024: €-13k▼ -183% vs 2023lowest in 5 years
2025: €11k▲ +187% 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 returns to profit in 2025: €14k after a loss of €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€14k ▼ 12.2%
Current assets
€109k ▲ 13.1%
Equity and liabilities €123k
Equity
€26k ▼ 75.4%
Debt
€97k ▲ 1,325%
Debt's share of the balance-sheet total rises from 6.1% to 78.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €-11k
Cash flow
€13k▲
2024 · €-12k
Current ratio
1.12▼
2024 · 14.20
Debt to equity
3.74▲
2024 · 0.06
ROE
42.5%▲
2024 · -12.0%
ROA
9.0%▲
2024 · -11.3%
Interest coverage
86.08▲
2024 · -77.57
Debt ≤ 1 year
€97k▲
2024 · €7k
Income taxes
€3k▲
2024 · €415
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€112k€123k▲
Fixed assets21/28€16k€14k▼
Tangible fixed assets22/27€16k€14k▼
Land and buildings22€5k€4k▼
Furniture and vehicles24€11k€10k▼
Current assets29/58€96k€109k▲
Amounts receivable within one year40/41€7k€13k▲
Trade receivables40€7k€12k▲
Other amounts receivable41€0€1k▲
Current investments50/53€88k€88k=
Cash at bank and in hand54/58€1k€8k▲
Equity and liabilities
Total equity and liabilities10/49€112k€123k▲
Equity10/15€106k€26k▼
Contributions10/11€12k€12k=
Reserves13€106k€15k▼
Distributable reserves133€106k€15k▼
Profit (loss) carried forward14€-13k€-2k▲
Amounts payable17/49€7k€97k▲
Amounts payable within one year42/48€7k€97k▲
Trade debts44€530€1k▲
Suppliers440/4€530€1k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€6k€3k▼
Other amounts payable47/48€152€93k▲
Accrued charges and deferred income492/3€22€125▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€915€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€0▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€2k€17k▲
Operating profit (loss)9901€-12k€14k▲
Financial income75/76B€13€0▼
Recurring financial income75€13€0▼
Financial charges65/66B€144€184▲
Recurring financial charges65€144€184▲
Profit (loss) for the period before taxes9903€-12k€14k▲
Income taxes67/77€415€3k▲
Profit (loss) for the period9904€-13k€11k▲
Profit (loss) for the period to be appropriated9905€-13k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-2k▲
Profit (loss) brought forward from the previous period14P-€-13k
Transfer from equity791/2-€91k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€91k
Return on contributions (dividend)694-€91k
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €915 | €2k | ▲ 114% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €12k | €0 | ▼ 100% |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▼ 2.7% |
| Non-recurring operating charges66A | - | €500 | €310 | €0 | - | - |
| Gross operating margin9900 | €48k | €17k | €30k | €2k | €17k | ▲ 753% |
| Operating profit (loss)9901 | €45k | €14k | €26k | €-12k | €14k | ▲ 215% |
| Financial income75/76B | €60 | €164 | €33 | €13 | €0 | ▼ 100% |
| Recurring financial income75 | €60 | €164 | €33 | €13 | €0 | ▼ 100% |
| Financial charges65/66B | €528 | €333 | €256 | €144 | €184 | ▲ 27.9% |
| Recurring financial charges65 | €528 | €333 | €256 | €144 | €184 | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | €45k | €13k | €26k | €-12k | €14k | ▲ 212% |
| Income taxes67/77 | €17k | €8k | €11k | €415 | €3k | ▲ 554% |
| Profit (loss) for the period9904 | €28k | €5k | €15k | €-13k | €11k | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | €28k | €5k | €15k | €-13k | €11k | ▲ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125k | €111k | €127k | €112k | €123k | ▲ 9.5% |
| Fixed assets21/28 | €3k | €2k | €6k | €16k | €14k | ▼ 12.2% |
| Tangible fixed assets22/27 | €3k | €2k | €6k | €16k | €14k | ▼ 12.2% |
| Land and buildings22 | - | - | - | €5k | €4k | ▼ 7.0% |
| Plant, machinery and equipment23 | €89 | €0 | - | - | - | - |
| Furniture and vehicles24 | €3k | €2k | €6k | €11k | €10k | ▼ 14.3% |
| Current assets29/58 | €122k | €109k | €121k | €96k | €109k | ▲ 13.1% |
| Amounts receivable within one year40/41 | €38k | €15k | €19k | €7k | €13k | ▲ 87.1% |
| Trade receivables40 | €36k | €11k | €14k | €7k | €12k | ▲ 69.1% |
| Other amounts receivable41 | €2k | €4k | €5k | €0 | €1k | - |
| Current investments50/53 | €60k | €88k | €88k | €88k | €88k | = |
| Cash at bank and in hand54/58 | €24k | €6k | €14k | €1k | €8k | ▲ 518% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125k | €111k | €127k | €112k | €123k | ▲ 9.5% |
| Equity10/15 | €98k | €103k | €118k | €106k | €26k | ▼ 75.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €86k | €91k | €106k | €106k | €15k | ▼ 85.7% |
| Distributable reserves133 | €86k | €91k | €106k | €106k | €15k | ▼ 85.7% |
| Profit (loss) carried forward14 | - | - | - | €-13k | €-2k | ▲ 87.2% |
| Amounts payable17/49 | €27k | €8k | €9k | €7k | €97k | ▲ 1,325% |
| Amounts payable within one year42/48 | €27k | €8k | €9k | €7k | €97k | ▲ 1,328% |
| Trade debts44 | €128 | €4k | €334 | €530 | €1k | ▲ 172% |
| Suppliers440/4 | €128 | €4k | €334 | €530 | €1k | ▲ 172% |
| Taxes, remuneration and social security45 | €27k | €3k | €8k | €6k | €3k | ▼ 54.9% |
| Taxes450/3 | €27k | €3k | €8k | €6k | €3k | ▼ 54.9% |
| Other amounts payable47/48 | - | - | €170 | €152 | €93k | ▲ 60,838% |
| Accrued charges and deferred income492/3 | €0 | - | €9 | €22 | €125 | ▲ 466% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €5k | €15k | €-13k | €11k | ▲ 187% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €915 | €2k | ▲ 114% |
| Operating cash flow (approximation) | €29k | €7k | €17k | €-12k | €13k | ▲ 211% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €-11k | €0 | ▲ 100% |
| Change in cash | - | €-18k | €8k | €-13k | €6k | ▲ 148% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 13.80
Current ratio from 4.49 to 13.80; short-term debt falls from €27k to €8k.
31-12
Financial
Equity above €100kEq €103k ▲5.1%
3 profitable years in a row build equity to €103k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Roeselare · 1 establishment unit since 2019
Ground area
1,696 m²
Building footprint
308 m²
Volume, LiDAR
1,528 m³
Parcel 36302B0924/00E000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MAJUBO
since 20192.288.446.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0924/00E000 | Flanders | 1,696 m² | 1 · 308 m² | 6.5 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 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,232 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
Founded12-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
73110Advertising agencies
78200Temporary employment agencies and other provision of personnel
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.