MAO IMMO
ActiveMAO IMMO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €256k and a net result of €83k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 40% of 19348 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+64
Solvency45=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.87 in 2023; short-term debt: 65.9% and cash: 23.3% of total assets), and 80.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 68
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
61 d late
2022
86 d late
2021
92 d late
2020
90 d late
2019
130 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€256k
EBIT margin
28.1%
Net result
€83k
2023 · €-36k
2018: €51k
2019: €83k
2020: €5k
2021: €-1k
2022: €15k
2023: €-36k
2018 → 2024
Working capital
€112k
2023 · €-78k
2018: €363k
2019: €-167k
2020: €-122k
2021: €-125k
2022: €-57k
2023: €-78k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€195k-€194k▼ 0.7%€209k▲ 7.9%€173k▼ 17.3%€256k▲ 47.9%
Operating result€6k-€-3k€18k€-34k€91k
Net result€5k-€-1k€15k€-36k€83k
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 2024: €91k after a loss of €34k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.31M
Fixed assets
€334k▲ 3.9%
Current assets
€974k▲ 85.2%
Equity and liabilities €1.31M
Equity
€256k▲ 47.9%
Provisions
€38k=
Debt
€1.01M▲ 59.3%
The debt ratio rises from 75.1% to 77.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▲
2023 · €-18k
Cash flow
€97k▲
2023 · €-20k
Solvency
19.6%▼
2023 · 20.4%
Current ratio
1.13▲
2023 · 0.87
Quick ratio
0.63▲
2023 · 0.15
Debt / equity
3.96▲
2023 · 3.68
ROE
32.4%▲
2023 · -20.9%
ROA
6.3%▲
2023 · -4.3%
Interest coverage
1037.34▲
2023 · -294.88
Debt
€1.01M▲
2023 · €637k
Debt ≤ 1 year
€862k▲
2023 · €604k
Income taxes
€8k▲
2023 · €3k
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€848k€1.31M▲
Fixed assets21/28€322k€334k▲
Tangible fixed assets22/27€313k€325k▲
Land and buildings22€313k€300k▼
Other tangible fixed assets26-€26k
Financial fixed assets28€9k€9k=
Current assets29/58€526k€974k▲
Stocks and contracts in progress3€433k€433k=
Stocks30/36€433k€433k=
Amounts receivable within one year40/41€77k€236k▲
Trade receivables40€37k€46k▲
Other amounts receivable41€40k€190k▲
Cash at bank and in hand54/58€17k€305k▲
Deferred charges and accrued income490/1€388€863▲
Equity and liabilities
Total equity and liabilities10/49€848k€1.31M▲
Equity10/15€173k€256k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€91k€174k▲
Non-distributable reserves130/1€784€784=
Legal reserve130€784€784=
Distributable reserves133€91k€173k▲
Profit (loss) carried forward14€19k€19k=
Provisions and deferred taxes16€38k€38k=
Provisions for liabilities and charges160/5€38k€38k=
Other liabilities and charges164/5€38k€38k=
Amounts payable17/49€637k€1.01M▲
Amounts payable within one year42/48€604k€862k▲
Trade debts44€570k€532k▼
Suppliers440/4€570k€532k▼
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€30k€322k▲
Accrued charges and deferred income492/3€33k€153k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€4k€60k▲
Gross operating margin9900€-14k€166k▲
Operating profit (loss)9901€-34k€91k▲
Financial income75/76B€284€670▲
Recurring financial income75€284€670▲
Financial charges65/66B€61€101▲
Recurring financial charges65€61€101▲
Profit (loss) for the period before taxes9903€-33k€91k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€-36k€83k▲
Profit (loss) for the period to be appropriated9905€-36k€83k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€102k▲
Profit (loss) brought forward from the previous period14P€55k€19k▼
Transfer to equity691/2-€83k
To other reserves6921-€83k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
31-12
Financial
Equity above €200kEq €256k ▲47.9%
Equity rises from €173k to €256k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-36k ▼336%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Equity above €200kEq €209k ▲7.9%
Equity rises from €194k to €209k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
31-12
Financial
Equity above €150kEq €190k ▲77.3%
2 profitable years in a row build equity to €190k.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 91 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Evere · 1 establishment unit since 2010
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.
Stroobantsstraat 21140 EvereGround area
172 m²
Building footprint
163 m²
Volume, LiDAR
1,580 m³
2 parcels, Brussels · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MAO IMMO
since 20102.185.627.655
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0517/00N004 | Brussels | 95 m² | 1 · 104 m² | 12.1 m · 3 fl. |
| 21372C0117/00T024 | Brussels | 77 m² | 1 · 59 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SILVERLINE
BE 0504.973.684
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PROMOLYS
BE 0431.718.195
Oostrozebeke · Eq €254k
AC IMMO
BE 0458.597.786
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RICARDO
BE 0440.571.426
Torhout · Eq €252k
Nippora Vastgoed
BE 0634.805.018
Turnhout · Eq €261k
Of 1,292 companies in sector 68122 we hold annual accounts for 899. 592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-01-2010
Fiscal year end31-12
Activities, NACEBEL
68122Development of non-residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.