MAOWA

Active

Private limited companyfounded 201610 yrs activeWaverse Steenweg 51, 1050 Elsene, BelgiumKBO/BCE: BE 0653.746.445

The computed 12-month bankruptcy probability of MAOWA is 1.9% (moderate). The 2025 annual accounts show negative equity (€-26k) and a net result of €46. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 18237 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

26 / 100

Weak

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

Axes · tick = 2024

Profitability27▼-46

Solvency0▼-7

Growth45=

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.64 against 0.8 in 2024; short-term debt: 133.3% and cash: 1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+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 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-33.3%

Return on assets

0.1%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18237 sector peers (2025).

NBB · sector comparison

Position among 18237 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 9 filings

Deviation from the deadline

2025

21 d late

2024

68 d late

2023

31 d late

2022

32 d late

2021

31 d late

2020

3 d early

2019

89 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Turnover

€370k▼ 3.9%

2018 · €385k

2018: €385k

2018 → 2019

EBIT margin

0.8%▲ 0.7pp

2018 · 0.1%

2018: 0.1%

2018 → 2019

Net result

€46▼ 99.1%

2024 · €5k

2018: €-2k 2019: €731 2020: €-39k 2021: €-13k 2022: €5k 2023: €7k 2024: €5k

2018 → 2025

Working capital

€-38k▼ 6.4%

2024 · €-35k

2018: €-21k 2019: €-11k 2020: €-53k 2021: €-64k 2022: €-59k 2023: €-44k 2024: €-35k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-44k-€-38k▲ 12.5%€-32k▲ 17.6%€-26k▲ 16.7%€-26k▲ 0.2%

Operating result€-11k-€9k€11k▲ 15.7%€14k▲ 36.8%€11k▼ 25.4%

Net result€-13k-€5k€7k▲ 23.1%€5k▼ 22.2%€46▼ 99.1%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 25% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €79k

14.5%

85.5%

Fixed assets €11k▲ 25.4%

Current assets €67k▼ 51.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€11k▼

2024 · €17k

Cash flow

€120▼

2024 · €8k

Solvency

-33.3%▼

2024 · -17.7%

Current ratio

0.64▼

2024 · 0.80

Quick ratio

0.37▼

2024 · 0.68

Debt / equity

-4.01▲

2024 · -6.64

ROA

0.1%▼

2024 · 3.5%

Interest coverage

1.00▼

2024 · 6.18

Debt

€105k▼

2024 · €174k

Debt ≤ 1 year

€105k▼

2024 · €174k

Income taxes

€13▼

2024 · €6k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€148k€79k▼

Fixed assets21/28€9k€11k▲

Tangible fixed assets22/27-€2k

Plant, machinery and equipment23-€2k

Financial fixed assets28€9k€9k=

Current assets29/58€139k€67k▼

Stocks and contracts in progress3€20k€28k▲

Stocks30/36€20k€28k▲

Amounts receivable within one year40/41€110k€34k▼

Trade receivables40€109k€33k▼

Other amounts receivable41€1k€1k▲

Cash at bank and in hand54/58€9k€807▼

Deferred charges and accrued income490/1-€4k

Equity and liabilities

Total equity and liabilities10/49€148k€79k▼

Equity10/15€-26k€-26k▲

Contributions10/11€6k€6k=

Reserves13€243€243=

Non-distributable reserves130/1€243€243=

Reserves not available under the articles1311€243€243=

Profit (loss) carried forward14€-33k€-33k▲

Amounts payable17/49€174k€105k▼

Amounts payable within one year42/48€174k€105k▼

Trade debts44€36k€47k▲

Suppliers440/4€36k€47k▲

Advances received on contracts in progress46€83k-

Taxes, remuneration and social security45€18k€16k▼

Taxes450/3€12k€12k▲

Remuneration and social security454/9€5k€4k▼

Other amounts payable47/48€37k€41k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€75▼

Other operating charges640/8€10k€676▼

Non-recurring operating charges66A€27€8▼

Gross operating margin9900€27k€12k▼

Operating profit (loss)9901€14k€11k▼

Financial income75/76B€43€167▲

Recurring financial income75€43€167▲

Financial charges65/66B€3k€11k▲

Recurring financial charges65€3k€11k▲

Profit (loss) for the period before taxes9903€12k€58▼

Income taxes67/77€6k€13▼

Profit (loss) for the period9904€5k€46▼

Profit (loss) for the period to be appropriated9905€5k€46▼

Appropriation of the result

Profit (loss) to be appropriated9906€-33k€-33k▲

Profit (loss) brought forward from the previous period14P€-38k€-33k▲

The notes to these accounts (8 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 4Gazette 1Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

21-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 21 days late

24-03

State Gazette act Capital & shares · Resignations & appointments

General meeting · Director resignation · Director discharge5 facts ▸

General meeting, 25/02/2026
Director resignation, Shahzad Akmal (administrateur)
Director discharge, Shahzad Akmal
Director appointment, Abdul Islam Syed (Administrateur)
Share transfer, Shahzad Akmal → Abdul Islam Syed

2025

07-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 68 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Highest result since 2018net €7k ▲23.1%

Net result €7k, the highest in the series.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-39k ▼5496%

Net result drops to €-39k, the lowest in the series; recovery starts the following year.

28-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 89 days late

2019

31-12

Financial Back to profitnet €731

Net result €731 after one loss-making year.

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 directors, no change since 2026

Abdul Islam Syed

Director · since 25-02-2026

Current

24-03-2026 SHAHZAD Akmal: Resigned as Director

25-02-2026 Abdul Islam Syed: Appointed as Director

15-11-2020 ASGHAR Ali: Resigned as Managing director

02-05-2019 ALI Sajad: Resigned as Manager

30-06-2018 CHUDARY Muhammad Sohail: Resigned as Manager

30-06-2018 HUSSAIN Sajjad: Resigned as Manager

Location & real-estate footprint

Registered office, Elsene · 1 establishment unit since 2016

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.

Waverse Steenweg 511050 Elsene

Ground area

200 m²

Building footprint

158 m²

Volume, LiDAR

2,256 m³

Parcel 21009A0720/00B002, Brussels · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

MAOWA

Waverse Steenweg 51, 1050 ElseneRetail trade

since 20162.252.658.813

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21009A0720/00B002	Brussels	200 m²	1 · 158 m²	21.1 m · 5 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.

Structure & network

Capital and shareholders

Transfer of 90 parts sociales from Shahzad Akmal to Abdul Islam Syed

State Gazette act of 24-03-2026

Recognitions · licences · registrations

Food safety, FASFC

1 site

Elsene2.252.658.813

1 permission

Toelating · Detailhandel · since 13-05-2016

Similar companies · same sector, comparable size

Of 460 companies in sector 47712 we hold annual accounts for 269. 108 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-05-2016

Fiscal year end31-12

Activities, NACEBEL

47712Retail trade

47252Retail sale of beverages, general range

47260Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 9 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.