MAMAK
ActiveSummary
MAMAK has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,157 and a net result of -€19,787. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency71▼-29
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 18.21 against 9.47 in 2024; short-term debt: 4.8% and cash: 43.6% of total assets), but 54.2% 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
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 →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.8%
Return on assets
-27.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 3 filingsDeviation from the deadline
2025
14 d late
2024
28 d late
2023
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 14 August (3 of the last 3 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€33,157▼ 37.4%
2024 · €52,944
Total assets
€72,431▲ 24.2%
2024 · €58,301
Net result
-€19,787
2024 · €21,543
Working capital
€59,770▲ 31.7%
2024 · €45,370
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€38,497-€28,032▼ 27.2%-€15,153
Net result€29,902within the sector's middle half-€21,543within the sector's middle half▼ 28.0%-€19,787below the sector's middle half
Equity€31,402within the sector's middle half-€52,944within the sector's middle half▲ 68.6%€33,157within the sector's middle half▼ 37.4%
Total assets€34,095below the sector's middle half-€58,301below the sector's middle half▲ 71.0%€72,431below the sector's middle half▲ 24.2%
Debt€2,693-€5,357▲ 98.9%€3,474▼ 35.1%
Working capital€25,529within the sector's middle half-€45,370within the sector's middle half▲ 77.7%€59,770within the sector's middle half▲ 31.7%
Solvency92.1%above the sector's middle half-90.8%above the sector's middle half▼ 1.3pp45.8%within the sector's middle half▼ 45.0pp
Current ratio10.48above the sector's middle half-9.47above the sector's middle half▼ 1.0118.21above the sector's middle half▲ 8.74
Return on assets (ROA)87.7%above the sector's middle half-37.0%above the sector's middle half▼ 50.7pp-27.3%below the sector's middle half▼ 64.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15,153 after €28,032 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,431
Fixed assets
€9,187 ▲ 21.3%
Current assets
€63,244 ▲ 24.7%
Equity and liabilities €72,431
Equity
€33,157 ▼ 37.4%
Provisions
€35,800
Debt
€3,474 ▼ 35.1%
Debt's share of the balance-sheet total falls from 9.2% to 4.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€13,911▼
2024 · €28,990
Cash flow
-€18,546▼
2024 · €22,500
Debt to equity
0.10▲
2024 · 0.10
ROE
-59.7%▼
2024 · 40.7%
Debt ≤ 1 year
€3,474▼
2024 · €5,357
Income taxes
€4,634▼
2024 · €6,376
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,227 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,438 | €958 | €1,242 | ▲ 29.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €35,800 | - |
| Other operating charges640/8 | €434 | €613 | €586 | ▼ 4.5% |
| Gross operating margin9900 | €40,369 | €29,603 | €22,474 | ▼ 24.1% |
| Operating profit (loss)9901 | €38,497 | €28,032 | -€15,153 | ▼ 154% |
| Financial charges65/66B | €197 | €114 | - | - |
| Recurring financial charges65 | €197 | €114 | - | - |
| Profit (loss) for the period before taxes9903 | €38,300 | €27,918 | -€15,153 | ▼ 154% |
| Income taxes67/77 | €8,398 | €6,376 | €4,634 | ▼ 27.3% |
| Profit (loss) for the period9904 | €29,902 | €21,543 | -€19,787 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | €29,902 | €21,543 | -€19,787 | ▼ 192% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €34,095 | €58,301 | €72,431 | ▲ 24.2% |
| Fixed assets21/28 | €5,872 | €7,574 | €9,187 | ▲ 21.3% |
| Tangible fixed assets22/27 | €5,872 | €7,574 | €9,187 | ▲ 21.3% |
| Plant, machinery and equipment23 | €5,220 | €6,928 | €8,876 | ▲ 28.1% |
| Furniture and vehicles24 | €652 | €646 | €311 | ▼ 51.8% |
| Current assets29/58 | €28,223 | €50,727 | €63,244 | ▲ 24.7% |
| Amounts receivable within one year40/41 | €12,249 | €7,182 | €30,502 | ▲ 325% |
| Trade receivables40 | €12,197 | €5,506 | €27,951 | ▲ 408% |
| Other amounts receivable41 | €52 | €1,676 | €2,551 | ▲ 52.2% |
| Cash at bank and in hand54/58 | €15,078 | €41,437 | €31,546 | ▼ 23.9% |
| Deferred charges and accrued income490/1 | €896 | €2,108 | €1,195 | ▼ 43.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €34,095 | €58,301 | €72,431 | ▲ 24.2% |
| Equity10/15 | €31,402 | €52,944 | €33,157 | ▼ 37.4% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €29,902 | €51,444 | €31,657 | ▼ 38.5% |
| Provisions and deferred taxes16 | - | - | €35,800 | - |
| Provisions for liabilities and charges160/5 | - | - | €35,800 | - |
| Environmental obligations163 | - | - | €35,800 | - |
| Amounts payable17/49 | €2,693 | €5,357 | €3,474 | ▼ 35.1% |
| Amounts payable within one year42/48 | €2,693 | €5,357 | €3,474 | ▼ 35.1% |
| Trade debts44 | €173 | - | €297 | - |
| Suppliers440/4 | €173 | - | €297 | - |
| Taxes, remuneration and social security45 | €2,512 | €5,331 | €3,177 | ▼ 40.4% |
| Taxes450/3 | €2,512 | €5,331 | €3,177 | ▼ 40.4% |
| Other amounts payable47/48 | €9 | €25 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,902 | €21,543 | -€19,787 | ▼ 192% |
| + Depreciation and write-downs630 | €1,438 | €958 | €1,242 | ▲ 29.6% |
| Operating cash flow (approximation) | €31,339 | €22,500 | -€18,546 | ▼ 182% |
| Investment in fixed assets (approximation) | - | -€2,660 | -€2,854 | ▼ 7.3% |
| Change in cash | - | €26,359 | -€9,891 | ▼ 138% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet -€19,787
Net result drops to -€19,787, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 2023
Ground area
548 m²
Building footprint
73 m²
Volume, LiDAR
529 m³
Parcel 92082C0008/00E000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mamak
since 20232.343.684.405
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082C0008/00E000 | Wallonia | 548 m² | 1 · 73 m² | 9.3 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.
Recognitions · licences · registrations
Legal Entity Identifier
98450040D367MED2FF23
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LIFE EXPERTS
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 35,233 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
Founded04-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
73300Public relations and communication consultancy
82990Other business support services
Contact
E-mail
gauthierdemeure@gmail.com
Phone
+32493184163
E-invoicing
Reachable via Peppol
Peppol ID
0208:0800372437
Also
9925:BE0800372437
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.