MAMO
ActiveSummary
MAMO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €325,931 and a net result of -€13,989. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-2
Solvency41=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.37 in 2024; short-term debt: 18.9% and cash: 2.1% of total assets), and 83.9% of the assets are financed with debt.
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Signals
Four 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,989
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
42 d early
2023
42 d early
2022
46 d early
2021
9 d early
2020
31 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 20 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€325,931▼ 4.1%
2024 · €339,920
Total assets
€2.0m▼ 5.1%
2024 · €2.1m
Net result
-€13,989▼ 238%
2024 · -€4,138
Working capital
€155,890▲ 0.7%
2024 · €154,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result€22,230€9,996▼ 55.0%€80,599▲ 706%€50,465▼ 37.4%€9,835▼ 80.5%
Net result€3,434within the sector's middle half€53,402above the sector's middle half▲ 1,455%€56,084above the sector's middle half▲ 5.0%-€4,138within the sector's middle half-€13,989below the sector's middle half▼ 238%
Equity€234,572within the sector's middle half▲ 1.5%€287,974within the sector's middle half▲ 22.8%€344,058above the sector's middle half▲ 19.5%€339,920above the sector's middle half▼ 1.2%€325,931above the sector's middle half▼ 4.1%
Total assets€3.1mabove the sector's middle half▲ 336%€3.0mabove the sector's middle half▼ 4.4%€2.2mabove the sector's middle half▼ 25.0%€2.1mabove the sector's middle half▼ 4.0%€2.0mabove the sector's middle half▼ 5.1%
Debt€2.9m▲ 498%€2.7m▼ 6.6%€1.9m▼ 29.8%€1.8m▼ 4.6%€1.7m▼ 5.2%
Working capital€235,820above the sector's middle half▲ 275%€238,897above the sector's middle half▲ 1.3%€226,110above the sector's middle half▼ 5.4%€154,742above the sector's middle half▼ 31.6%€155,890above the sector's middle half▲ 0.7%
Solvency7.6%within the sector's middle half▼ 25.0pp9.7%within the sector's middle half▲ 2.2pp15.5%within the sector's middle half▲ 5.8pp16.0%within the sector's middle half▲ 0.5pp16.1%within the sector's middle half▲ 0.2pp
Current ratio1.21within the sector's middle half▼ 0.641.22within the sector's middle half▲ 0.021.58within the sector's middle half▲ 0.351.37within the sector's middle half▼ 0.211.41within the sector's middle half▲ 0.04
Return on assets (ROA)0.1%within the sector's middle half▲ 1.9pp1.8%within the sector's middle half▲ 1.7pp2.5%within the sector's middle half▲ 0.7pp-0.2%within the sector's middle half▼ 2.7pp-0.7%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.5m ▼ 4.5%
Current assets
€538,508 ▼ 6.6%
Equity and liabilities €2.0m
Equity
€325,931 ▼ 4.1%
Debt
€1.7m ▼ 5.2%
Debt's share of the balance-sheet total falls from 84.0% to 83.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,745▼
2024 · €117,005
Cash flow
€55,922▼
2024 · €62,401
Quick ratio
1.09▼
2024 · 1.37
Debt to equity
5.20▼
2024 · 5.27
ROE
-4.3%▼
2024 · -1.2%
Interest coverage
1.43▼
2024 · 1.63
Debt ≤ 1 year
€382,618▼
2024 · €421,609
Debt > 1 year
€1.3m▼
2024 · €1.4m
Income taxes
€307▼
2024 · €752
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 1,422 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €69,138 | €69,302 | €68,097 | €66,540 | €69,911 | ▲ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €2,585 | -€11,291 | €0 | ▲ 100% |
| Other operating charges640/8 | €13,835 | €14,758 | €16,166 | €28,675 | €17,613 | ▼ 38.6% |
| Gross operating margin9900 | €105,203 | €94,057 | €167,447 | €134,389 | €97,359 | ▼ 27.6% |
| Operating profit (loss)9901 | €22,230 | €9,996 | €80,599 | €50,465 | €9,835 | ▼ 80.5% |
| Financial income75/76B | €29,418 | €115,611 | €61,118 | €17,995 | €32,345 | ▲ 79.7% |
| Recurring financial income75 | €29,418 | €115,611 | €61,118 | €17,995 | €32,345 | ▲ 79.7% |
| Financial charges65/66B | €48,214 | €54,498 | €65,901 | €71,846 | €55,861 | ▼ 22.2% |
| Recurring financial charges65 | €48,214 | €54,498 | €65,901 | €71,846 | €55,861 | ▼ 22.2% |
| Profit (loss) for the period before taxes9903 | €3,434 | €71,109 | €75,816 | -€3,386 | -€13,681 | ▼ 304% |
| Income taxes67/77 | - | €17,706 | €19,733 | €752 | €307 | ▼ 59.1% |
| Profit (loss) for the period9904 | €3,434 | €53,402 | €56,084 | -€4,138 | -€13,989 | ▼ 238% |
| Profit (loss) for the period to be appropriated9905 | €3,434 | €53,402 | €56,084 | -€4,138 | -€13,989 | ▼ 238% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.0m | €2.2m | €2.1m | €2.0m | ▼ 5.1% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.5% |
| Land and buildings22 | €1.7m | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 4.5% |
| Furniture and vehicles24 | €818 | €381 | €0 | - | - | - |
| Current assets29/58 | €1.4m | €1.3m | €617,352 | €576,351 | €538,508 | ▼ 6.6% |
| Stocks and contracts in progress3 | €765,250 | €632,001 | €166,665 | €0 | €120,429 | - |
| Stocks30/36 | €765,250 | €632,001 | €166,665 | €0 | €120,429 | - |
| Amounts receivable within one year40/41 | €187,468 | €135,631 | €99,387 | €273,049 | €136,685 | ▼ 49.9% |
| Trade receivables40 | €147,539 | €88,408 | €29,935 | €178,604 | €47,508 | ▼ 73.4% |
| Other amounts receivable41 | €39,929 | €47,223 | €69,452 | €94,445 | €89,177 | ▼ 5.6% |
| Current investments50/53 | €404,342 | €504,893 | €325,106 | €275,001 | €222,364 | ▼ 19.1% |
| Cash at bank and in hand54/58 | €15,541 | €32,605 | €21,971 | €10,014 | €42,712 | ▲ 327% |
| Deferred charges and accrued income490/1 | €3,593 | €3,904 | €4,223 | €18,288 | €16,319 | ▼ 10.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.0m | €2.2m | €2.1m | €2.0m | ▼ 5.1% |
| Equity10/15 | €234,572 | €287,974 | €344,058 | €339,920 | €325,931 | ▼ 4.1% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €43,917 | €87,974 | €144,058 | €144,058 | €144,058 | = |
| Non-distributable reserves130/1 | €20,000 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €20,000 | €0 | - | - | - | - |
| Distributable reserves133 | €23,917 | €87,974 | €144,058 | €144,058 | €144,058 | = |
| Profit (loss) carried forward14 | -€9,345 | €0 | - | -€4,138 | -€18,127 | ▼ 338% |
| Amounts payable17/49 | €2.9m | €2.7m | €1.9m | €1.8m | €1.7m | ▼ 5.2% |
| Amounts payable after more than one year17 | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 3.8% |
| Financial debts170/4 | €1.7m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 3.8% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €391,242 | €421,609 | €382,618 | ▼ 9.2% |
| Current portion of amounts payable after more than one year42 | €115,168 | €116,743 | €118,279 | €119,956 | €121,596 | ▲ 1.4% |
| Financial debts43 | €635,000 | €408,000 | €25,000 | €39,709 | €0 | ▼ 100% |
| Credit institutions430/8 | €635,000 | €408,000 | €25,000 | €39,709 | €0 | ▼ 100% |
| Trade debts44 | €12,598 | €12,337 | €7,318 | €8,716 | €23,100 | ▲ 165% |
| Suppliers440/4 | €12,598 | €12,337 | €7,318 | €8,716 | €23,100 | ▲ 165% |
| Advances received on contracts in progress46 | €3,189 | €3,189 | €3,189 | €3,189 | €3,189 | = |
| Taxes, remuneration and social security45 | €14,899 | €5,589 | €3,738 | €1,647 | €4,871 | ▲ 196% |
| Taxes450/3 | €14,899 | €5,589 | €3,738 | €1,647 | €4,871 | ▲ 196% |
| Other amounts payable47/48 | €359,518 | €524,279 | €233,717 | €248,392 | €229,862 | ▼ 7.5% |
| Accrued charges and deferred income492/3 | €3,806 | €921 | €1,445 | €5,364 | €2,185 | ▼ 59.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,434 | €53,402 | €56,084 | -€4,138 | -€13,989 | ▼ 238% |
| + Depreciation and write-downs630 | €69,138 | €69,302 | €68,097 | €66,540 | €69,911 | ▲ 5.1% |
| Operating cash flow (approximation) | €72,572 | €122,705 | €124,181 | €62,401 | €55,922 | ▼ 10.4% |
| Investment in fixed assets (approximation) | - | €0 | -€19,212 | -€17,732 | €0 | ▲ 100% |
| Change in cash | - | €17,064 | -€10,634 | -€11,957 | €32,699 | ▲ 373% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€13,989
Net result drops to -€13,989, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €56,084 ▲5%
Operating result €80,599, net result €56,084, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3,434
Net result €3,434 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
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 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.
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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, Koksijde · 1 establishment unit since 2012
Ground area
1,875 m²
Building footprint
534 m²
Volume, LiDAR
70 m³
Parcel 38502F0751/00A000, Flanders · tallest building 2.9 m. Linked by address, not a title deed.
1 establishment unit
MAMO
since 20122.210.355.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0751/00A000 | Flanders | 1,875 m² | 1 · 533 m² | 2.9 m |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400U5FNVD671J1X21
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,427 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
Founded14-06-2012
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
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846583534
Also
9925:BE0846583534
Registered
15-05-2025
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.