MAO LEASE

Active

Public limited companyfounded 201313 yrs activeStroobantsstraat 2, 1140 Evere, BelgiumKBO/BCE: BE 0502.551.159

MAO LEASE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190k and a net result of €12k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability72▼-1

Solvency68▲+3

Growth78=

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity short (current ratio 0.53 against 0.45 in 2023; short-term debt: 56.9% and cash: 0.7% of total assets), and 56.9% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 77

Relative position

BE, all sectors

reference

Sector 77

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 filings

Deviation from the deadline

2025

not confirmed

2024

56 d late

2023

61 d late

2022

31 d late

2021

92 d late

2020

90 d late

2019

130 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€331k

EBIT margin

4.9%

Net result

€12k▼ 23.5%

2023 · €16k

2018: €-3k 2019: €20k 2020: €7k 2021: €15k 2022: €49k 2023: €16k

2018 → 2024

Working capital

€-119k▲ 19.6%

2023 · €-148k

2018: €-103k 2019: €-25k 2020: €-69k 2021: €-53k 2022: €-119k 2023: €-148k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€97k-€112k▲ 15.1%€161k▲ 43.7%€178k▲ 10.1%€190k▲ 7.0%

Operating result€16k-€20k▲ 24.0%€60k▲ 196%€34k▼ 43.4%€20k▼ 39.4%

Net result€7k-€15k▲ 123%€49k▲ 233%€16k▼ 66.7%€12k▼ 23.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 39% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €441k

70.1%

29.9%

Fixed assets €309k▼ 5.1%

Current assets €132k▲ 8.5%

Equity and liabilities €441k

43.1%

56.9%

Equity €190k▲ 7.0%

Debt €251k▼ 7.0%

The debt ratio falls from 60.3% to 56.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€104k▲

2023 · €100k

Cash flow

€96k▲

2023 · €82k

Solvency

43.1%▲

2023 · 39.7%

Current ratio

0.53▲

2023 · 0.45

Quick ratio

0.53▲

2023 · 0.45

Debt / equity

1.32▼

2023 · 1.52

ROE

6.6%▼

2023 · 9.2%

ROA

2.8%▼

2023 · 3.6%

Interest coverage

474.96▼

2023 · 850.61

Debt

€251k▼

2023 · €270k

Debt ≤ 1 year

€251k▼

2023 · €270k

Income taxes

€11k▼

2023 · €19k

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€448k€441k▼

Fixed assets21/28€326k€309k▼

Tangible fixed assets22/27€326k€309k▼

Plant, machinery and equipment23€103k€78k▼

Furniture and vehicles24€113k€141k▲

Leasing and similar rights25€111k€90k▼

Current assets29/58€122k€132k▲

Amounts receivable within one year40/41€116k€127k▲

Trade receivables40€59k€77k▲

Other amounts receivable41€57k€50k▼

Cash at bank and in hand54/58€2k€3k▲

Deferred charges and accrued income490/1€3k€2k▼

Equity and liabilities

Total equity and liabilities10/49€448k€441k▼

Equity10/15€178k€190k▲

Contributions10/11€63k€63k=

Capital10€63k€63k=

Issued capital100€63k€63k=

Reserves13€100k€113k▲

Distributable reserves133€100k€113k▲

Profit (loss) carried forward14€15k€15k=

Amounts payable17/49€270k€251k▼

Amounts payable within one year42/48€270k€251k▼

Current portion of amounts payable after more than one year42€6k-

Trade debts44€222k€191k▼

Suppliers440/4€222k€191k▼

Taxes, remuneration and social security45€24k€24k▲

Taxes450/3€24k€24k▲

Other amounts payable47/48€19k€37k▲

Income statement Code20232024

Non-recurring operating income76A€70k€1k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€84k▲

Other operating charges640/8€5k€5k▼

Non-recurring operating charges66A-€3k

Gross operating margin9900€105k€112k▲

Operating profit (loss)9901€34k€20k▼

Financial income75/76B€1k€3k▲

Recurring financial income75€1k€3k▲

Financial charges65/66B€117€220▲

Recurring financial charges65€117€220▲

Profit (loss) for the period before taxes9903€35k€23k▼

Income taxes67/77€19k€11k▼

Profit (loss) for the period9904€16k€12k▼

Profit (loss) for the period to be appropriated9905€16k€12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€31k€27k▼

Profit (loss) brought forward from the previous period14P€15k€15k=

Transfer to equity691/2€16k€12k▼

To other reserves6921€16k€12k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

25-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 56 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Highest result since 2018net €49k ▲233%

Operating result €60k, net result €49k, both a record.

31-12

Financial Equity above €150kEq €161k ▲43.7%

4 profitable years in a row build equity to €161k.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 92 days late

2021

31-12

Financial Equity above €100kEq €112k ▲15.1%

3 profitable years in a row build equity to €112k.

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 Back to profitnet €20k

Net result €20k after one loss-making year.

30-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 91 days late

2018

30-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 61 days late

2017

31-10

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 92 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

2 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 2013

establishment The establishment unit on the map

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 Evere

Ground area

95 m²

Building footprint

104 m²

Volume, LiDAR

916 m³

Parcel 21006A0517/00N004, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MAO LEASE

Stroobantsstraat 2, 1140 EvereRental and leasing activities

since 20132.216.106.837

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21006A0517/00N004	Brussels	95 m²	1 · 104 m²	12.1 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

RHAINOTTE LOCATION

BE 0675.462.963

Beauraing · Eq €192k

Prax Terminals Belgium

Sint-Jans-Molenbeek · Eq €195k

Of 667 companies in sector 77320 we hold annual accounts for 492. 372 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded17-01-2013

Fiscal year end31-12

Activities, NACEBEL

77320Rental and leasing activities

Sources

Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.