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MAO3

Active
Private limited companyfounded 20233 yrs activeChemin du Stocquoy 1-3, 1300 Wavre, BelgiumKBO/BCE: BE 1000.331.405
Summary

The computed 12-month bankruptcy probability of MAO3 is 2.8% (moderate). The 2025 annual accounts show equity of €864,388 and a net result of €133,768. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability75▼-1
Solvency100=
Growth52
Track record94
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 4.67 against 1.26 in 2024; short-term debt: 4.4% and cash: 20.3% of total assets), and 4.4% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
95.6%
Return on assets
14.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
47 d early
2024
158 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 103 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · 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

History

MAO3 was incorporated on 26 September 2023 as a Private limited company.1 In 2026 the capital was increased by EUR 39,344.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-07-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€133,768▼ 5.4%
2024 · €141,447
Working capital
€144,212▲ 190%
2024 · €49,788
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€4,315--€3,512▲ 18.6%
Net result€141,447-€133,768▼ 5.4%
Equity€730,620-€864,388▲ 18.3%
Total assets€920,667-€903,732▼ 1.8%
Debt€190,047-€39,344▼ 79.3%
Working capital€49,788-€144,212▲ 190%
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2024: -€4,315-€4,315Net result 2024: €141,447€141,447Operating result 2025: -€3,512-€3,512Net result 2025: €133,768€133,76820242025-€50,000€0€50,000€100,000€150,000Operating result 2024: -€4,315-€4,320Net result 2024: €141,447€141,000Operating result 2025: -€3,512-€3,510Net result 2025: €133,768€134,00020242025
The operating result stays negative: a loss of €3,512 in 2025 against €4,315 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903,732
Fixed assets €720,176 ▲ 5.8%
Current assets €183,556 ▼ 23.5%
Equity and liabilities €903,732
Equity €864,388 ▲ 18.3%
Debt €39,344 ▼ 79.3%
Debt's share of the balance-sheet total falls from 20.6% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
4.67▲
2024 · 1.26
Debt to equity
0.05▼
2024 · 0.26
ROE
15.5%▼
2024 · 19.4%
ROA
14.8%▼
2024 · 15.4%
Debt ≤ 1 year
€39,344▼
2024 · €190,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€920,667€903,732▼
Fixed assets21/28€680,832€720,176▲
Financial fixed assets28€680,832€720,176▲
Current assets29/58€239,835€183,556▼
Amounts receivable within one year40/41€145,800€369▼
Other amounts receivable41€145,800€369▼
Cash at bank and in hand54/58€94,035€183,187▲
Equity and liabilities
Total equity and liabilities10/49€920,667€903,732▼
Equity10/15€730,620€864,388▲
Contributions10/11€730,620€730,620=
Profit (loss) carried forward14€0€133,768▲
Amounts payable17/49€190,047€39,344▼
Amounts payable within one year42/48€190,047€39,344▼
Taxes, remuneration and social security45€42,434-
Taxes450/3€42,434-
Other amounts payable47/48€147,613€39,344▼
Income statement Code20242025
Gross operating margin9900-€4,315-€3,512▲
Operating profit (loss)9901-€4,315-€3,512▲
Financial income75/76B€145,800€137,388▼
Recurring financial income75€145,800€137,388▼
Financial charges65/66B€38€108▲
Recurring financial charges65€38€108▲
Profit (loss) for the period before taxes9903€141,447€133,768▼
Profit (loss) for the period9904€141,447€133,768▼
Profit (loss) for the period to be appropriated9905€141,447€133,768▼
Appropriation of the result
Profit (loss) to be appropriated9906€141,447€133,768▼
Profit (loss) brought forward from the previous period14P-€0
Profit to be distributed694/7€141,447-
Return on contributions (dividend)694€141,447-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Gross operating margin9900-€4,315-€3,512▲ 18.6%
Operating profit (loss)9901-€4,315-€3,512▲ 18.6%
Financial income75/76B€145,800€137,388▼ 5.8%
Recurring financial income75€145,800€137,388▼ 5.8%
Financial charges65/66B€38€108▲ 184%
Recurring financial charges65€38€108▲ 184%
Profit (loss) for the period before taxes9903€141,447€133,768▼ 5.4%
Profit (loss) for the period9904€141,447€133,768▼ 5.4%
Profit (loss) for the period to be appropriated9905€141,447€133,768▼ 5.4%
Line20242025Change
Assets
Total assets20/58€920,667€903,732▼ 1.8%
Fixed assets21/28€680,832€720,176▲ 5.8%
Financial fixed assets28€680,832€720,176▲ 5.8%
Current assets29/58€239,835€183,556▼ 23.5%
Amounts receivable within one year40/41€145,800€369▼ 99.7%
Other amounts receivable41€145,800€369▼ 99.7%
Cash at bank and in hand54/58€94,035€183,187▲ 94.8%
Equity and liabilities
Total equity and liabilities10/49€920,667€903,732▼ 1.8%
Equity10/15€730,620€864,388▲ 18.3%
Contributions10/11€730,620€730,620=
Profit (loss) carried forward14€0€133,768-
Amounts payable17/49€190,047€39,344▼ 79.3%
Amounts payable within one year42/48€190,047€39,344▼ 79.3%
Taxes, remuneration and social security45€42,434--
Taxes450/3€42,434--
Other amounts payable47/48€147,613€39,344▼ 73.3%
Line20242025Change
Profit (loss) for the period9904€141,447€133,768▼ 5.4%
Operating cash flow (approximation)€141,447€133,768▼ 5.4%
Investment in fixed assets (approximation)--€39,344-
Change in cash-€89,152-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
27-07
State Gazette act Permanent representative: Marianne MARCELIS
Auditor report · Capital increase · Share issue24 facts ▸
  • General meeting, 30-06-2026
  • Other statement, 48600, réduction des capitaux propres disponibles
  • Other statement, traitement fiscal restitution, 48600
  • Other statement, situation active et passive récente, respect formalités article 5:142 CSA
  • Director in office, M2 INVESTMENTS (director)
  • Permanent representative, Marianne MARCELIS (permanent representative)
  • Other statement, développements raisonnablement attendus, capacité à acquitter dettes après distribution
  • Other statement, rapport administrateurs sur développements attendus, Présidente
  • Other statement, rapport organe d'administration sur augmentation par apport en nature, articles 5:121 et 5:133 CSA
  • Other statement, connaissance et adhésion rapport organe d'administration, suffisant
  • Auditor report, description apport,évaluation adoptée,modes d'évaluation, Norme IRE apport en nature
  • Auditor report, aucune constatation significative, EUR
  • +12 further facts in this act
2025
15-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial Liquidity quadruplescurrent ratio 4.67
Current ratio from 1.26 to 4.67; short-term debt falls from €190,047 to €39,344.
2024
26-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
5,491 m²
Building footprint
1,978 m²
Volume, LiDAR
24,924 m³
2 parcels, Brussels, Wallonia · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Marianne Marcelis
Elsense Steenweg 127d, 1050 ElseneHoldings
since 20232.354.592.747
2 parcels
Wallonia 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25772K0082/00W000 Wallonia 3,033 m² 1 · 1,266 m² 16.3 m · 4 fl.
21009A1062/00W000 Brussels 2,458 m² 1 · 712 m² 18.0 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Articles of association

Other statement
Responsabilités_organe_administration

Structure & network

Owners and holdings

2 owners

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.

Capital and shareholders

Capital over the years
  1. 27-07-2026 Capital increase of 39,344 EUR · in kind
  2. 27-07-2026 Capital increase of 39,344 EUR

Identification & contact

Identification
Legal formPrivate limited company
Founded26-09-2023
Fiscal year end30-06
Contact
E-mail m2marcelis@gmail.com
Phone 0475977196
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.