MAO IMMO

Active

Public limited companyfounded 2010active for 16 yearsStroobantsstraat 2, 1140 Evere, BelgiumKBO/BCE: BE 0822.167.941

From the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MAO IMMO has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €256,035 and a net result of €82,912. Equity is growing by about 7% per year across the filed financial years. Its solvency ranks better than 40% of 19,157 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

MAO IMMOActiveChecked score 56/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 12-01-2010 Normal situation
Legal form: Public limited company
Registered office: Stroobantsstraat 2, 1140 Evere
Activity: Development of non-residential building projects NACE 68122and 1 other
Establishment unit: 2.185.627.655 1140 Evere, since 01-04-2010
Financial year end: 31 December
Peppol: Reachable since 23-06-2025

Company details

Who decides

Board

EL BOUZAKHI MohamedDirector

Board & ownership

How it is doing

56 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 0.4%

Annual accounts 2024

Gross margin: €165,677
Turnover: ≈ €300,000; estimated
Profit: €82,912
Equity: €256,035; ▲ 47.9%
Total assets: €1.3m; ▲ 54.3%

2025 accounts not filed, 93 days past the deadline

Filed on 25-09-2025PDF

Financials

Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 26-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 56 days late; 3 of the last 3 latelowers riskSize: total assets €1.3mSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024

56 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 59% of its sector peers (NACE 68, micro)

A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 45=

equity 19.6% of total assets

Liquidity 44+30

short-term debt 65.9% · cash 23.3%

Profitability 77+64

return on assets 6.3%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.2 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.1%▼ -0.9 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.1%▼ -0.1 percentage points vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.1 percentage points vs 09-2026

Credit of up to €14,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity tight (current ratio 1.13, compared with 0.87 in 2023, below the usual 1.5; short-term debt: 65.9% and cash: 23.3% of total assets), and 80.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 40% on solvency, 38% on liquidity, 72% on profitability and 85% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Figures for financial year 2024 (filed 26-09-2025)

NBB · annual accounts

Size: total assets €1.3m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

1 financial year not filed after the legal deadline; last filed accounts filed 56 days late; 3 of the last 3 late

NBB · filings

Sector: Real estate activities (NACE 68)

KBO

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline01-11-2026 today

2024 accounts filed 56 days late

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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

56 days late

2023

61 days late

2022

86 days late

2021

92 days late

2020

90 days late

2019

130 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 86 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Back in profit in 2024after -€36,165 in 2023 €82,912 View
Positive: Among the best 10% on net resultsector median €4,579 · 19,145 companies €82,912 View

Documents

Key facts about MAO IMMO

What is the company number of MAO IMMO?: 0822.167.941. In Belgium the VAT number is the company number with BE in front: BE 0822.167.941.
Where is MAO IMMO based?: The registered office is at Stroobantsstraat 2, 1140 Evere.Company details
What does MAO IMMO do?: According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of MAO IMMO?: Public limited company (NV).
When was MAO IMMO founded?: On 12-01-2010.
Is MAO IMMO still active?: Yes, MAO IMMO is an active enterprise in the KBO register.
What is the turnover of MAO IMMO?: ≈ €300,000 in financial year 2024. Estimated from the gross margin of €165,677: probably between €220,000 and €550,000, based on 49 comparable companies, NACE 681. In financial year 2018 turnover was €256,116.Financials
Is MAO IMMO profitable?: In financial year 2024, MAO IMMO made a profit of €82,912.
Where can I find the annual accounts of MAO IMMO?: MAO IMMO filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)