MaMo Safety & Construction
ActiveThe computed 12-month bankruptcy probability of MaMo Safety & Construction is 1.8% (moderate). The 2024 annual accounts show equity of €261k and a net result of €80k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 9982 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 5.31 against 4.54 in 2023; short-term debt: 17.3% and cash: 47.2% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2024Solvency, return and age of the figures
Solvency
80.4%
Return on assets
24.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
28 d early
2022
31 d early
2021
25 d early
2020
24 d early
2019
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€261k▲ 43.8%
2023 · €182k
2019: €28k
2020: €52k
2021: €104k
2022: €142k
2023: €182k
2019 → 2024
Total assets
€325k▲ 33.6%
2023 · €243k
2019: €84k
2020: €104k
2021: €177k
2022: €246k
2023: €243k
2019 → 2024
Net result
€80k▲ 101%
2023 · €40k
2019: €22k
2020: €23k
2021: €59k
2022: €40k
2023: €40k
2019 → 2024
Working capital
€243k▲ 55.0%
2023 · €157k
2019: €18k
2020: €42k
2021: €67k
2022: €112k
2023: €157k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€104k▲ 101%€142k▲ 36.5%€182k▲ 27.9%€261k▲ 43.8%
Operating result€34k-€77k▲ 128%€60k▼ 22.0%€56k▼ 6.3%€110k▲ 96.0%
Net result€23k-€59k▲ 149%€40k▼ 31.8%€40k▼ 0.6%€80k▲ 101%
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 96% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325k
Fixed assets
€26k▼ 39.1%
Current assets
€299k▲ 48.9%
Equity and liabilities €325k
Equity
€261k▲ 43.8%
Debt
€64k▲ 3.5%
The debt ratio falls from 25.3% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€127k▲
2023 · €75k
Cash flow
€96k▲
2023 · €58k
Solvency
80.4%▲
2023 · 74.7%
Current ratio
5.31▲
2023 · 4.54
Quick ratio
5.31▲
2023 · 4.54
Debt / equity
0.24▼
2023 · 0.34
ROE
30.4%▲
2023 · 21.8%
ROA
24.5%▲
2023 · 16.3%
Interest coverage
475.79▲
2023 · 68.75
Debt
€64k▲
2023 · €62k
Debt ≤ 1 year
€56k▲
2023 · €44k
Debt > 1 year
€7k▼
2023 · €17k
Income taxes
€32k▲
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€243k€325k▲
Formation expenses20€0-
Fixed assets21/28€42k€26k▼
Tangible fixed assets22/27€42k€26k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€35k€22k▼
Current assets29/58€201k€299k▲
Amounts receivable within one year40/41€43k€29k▼
Trade receivables40€20k€15k▼
Other amounts receivable41€24k€14k▼
Current investments50/53€107k€115k▲
Cash at bank and in hand54/58€50k€153k▲
Deferred charges and accrued income490/1€339€2k▲
Equity and liabilities
Total equity and liabilities10/49€243k€325k▲
Equity10/15€182k€261k▲
Reserves13€182k€261k▲
Distributable reserves133€182k€261k▲
Amounts payable17/49€62k€64k▲
Amounts payable after more than one year17€17k€7k▼
Financial debts170/4€17k€7k▼
Amounts payable within one year42/48€44k€56k▲
Current portion of amounts payable after more than one year42€12k€10k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€808€871▲
Suppliers440/4€808€871▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€22k€34k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€372€747▲
Gross operating margin9900€75k€128k▲
Operating profit (loss)9901€56k€110k▲
Financial income75/76B€238€2k▲
Recurring financial income75€238€2k▲
Financial charges65/66B€1k€267▼
Recurring financial charges65€1k€267▼
Profit (loss) for the period before taxes9903€55k€112k▲
Income taxes67/77€16k€32k▲
Profit (loss) for the period9904€40k€80k▲
Profit (loss) for the period to be appropriated9905€40k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€40k€80k▲
Transfer to equity691/2€40k€80k▲
To other reserves6921€40k€80k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €80k ▲101%
Operating result €110k, net result €80k, both a record.
31-12
Financial
Equity above €200kEq €261k ▲43.8%
6 profitable years in a row build equity to €261k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €182k ▲27.9%
5 profitable years in a row build equity to €182k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €104k ▲101%
3 profitable years in a row build equity to €104k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Arme Klarenstraat 99160 Lokeren1 establishment unit
MAES BOUWMANAGEMENT
since 20182.284.733.644
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 449 EUR awarded · 449 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 449 EUR | 449 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900YGO0IZS3539W36
Similar companies · same sector, comparable size
PROVYN-VAN MAELE
BE 0888.399.937
Wingene · Eq €261k
CAPITAAL
BE 1025.580.802
Ath · Eq €261k
BOUWWERKEN VERVOORT
BE 0420.027.222
Nijlen · Eq €261k
BOUWBEDRIJF DE DECKER
BE 0886.085.892
Kaprijke · Eq €261k
VAN HYFTE REAL ESTATE
BE 0799.145.980
Maldegem · Eq €261k
Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 11,374 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2018
Fiscal year end31-12
Abbreviation NL
MaMo
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:tim.maes0@gmail.com
Phone:+32489004011