Maple 3
ActiveSummary
Maple 3 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €317k and a net result of €50k. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-2
Solvency53▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.59 in 2023; short-term debt: 57.1% and cash: 4.7% of total assets), but 72.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
48 d early
2022
40 d early
2021
40 d early
2020
32 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€317k▲ 18.3%
2023 · €268k
2018: €9klowest in 7 years
2019: €50k▲ +487% vs 2018
2020: €126k▲ +150% vs 2019
2021: €132k▲ +4.9% vs 2020
2022: €197k▲ +48.7% vs 2021
2023: €268k▲ +36.2% vs 2022
2024: €317k▲ +18.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.13M▼ 5.5%
2023 · €1.20M
2018: €844klowest in 7 years
2019: €977k▲ +15.7% vs 2018
2020: €1.39M▲ +42.2% vs 2019highest in 7 years
2021: €1.35M▼ -2.8% vs 2020
2022: €1.38M▲ +2.0% vs 2021
2023: €1.20M▼ -12.9% vs 2022
2024: €1.13M▼ -5.5% vs 2023
2018 → 2024
Net result
€50k▼ 30.6%
2023 · €72k
2018: €-10klowest in 7 years
2019: €43k▲ +529% vs 2018
2020: €76k▲ +78.9% vs 2019highest in 7 years
2021: €7k▼ -90.9% vs 2020
2022: €65k▲ +835% vs 2021
2023: €72k▲ +10.3% vs 2022
2024: €50k▼ -30.6% vs 2023
2018 → 2024
Working capital
€480k▲ 8.3%
2023 · €443k
2018: €147k
2019: €270k▲ +83.5% vs 2018
2020: €-35k▼ -113% vs 2019
2021: €-36k▼ -1.9% vs 2020lowest in 7 years
2022: €25k▲ +171% vs 2021
2023: €443k▲ +1640% vs 2022
2024: €480k▲ +8.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€126k-€132k▲ 4.9%€197k▲ 48.7%€268k▲ 36.2%€317k▲ 18.3%
2020: €126klowest in 5 years
2021: €132k▲ +4.9% vs 2020
2022: €197k▲ +48.7% vs 2021
2023: €268k▲ +36.2% vs 2022
2024: €317k▲ +18.3% vs 2023highest in 5 years
Operating result€101k-€15k▼ 85.1%€94k▲ 526%€98k▲ 4.3%€63k▼ 35.7%
2020: €101khighest in 5 years
2021: €15k▼ -85.1% vs 2020lowest in 5 years
2022: €94k▲ +526% vs 2021
2023: €98k▲ +4.3% vs 2022
2024: €63k▼ -35.7% vs 2023
Net result€76k-€7k▼ 90.9%€65k▲ 835%€72k▲ 10.3%€50k▼ 30.6%
2020: €76khighest in 5 years
2021: €7k▼ -90.9% vs 2020lowest in 5 years
2022: €65k▲ +835% vs 2021
2023: €72k▲ +10.3% vs 2022
2024: €50k▼ -30.6% vs 2023
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 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.13M
Fixed assets
€8k ▲ 33.0%
Current assets
€1.13M ▼ 5.7%
Equity and liabilities €1.13M
Equity
€317k ▲ 18.3%
Debt
€818k ▼ 12.3%
Debt's share of the balance-sheet total falls from 77.7% to 72.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▼
2023 · €100k
Cash flow
€53k▼
2023 · €74k
Current ratio
1.74▲
2023 · 1.59
Quick ratio
0.32▼
2023 · 0.37
Debt to equity
2.58▼
2023 · 3.48
ROE
15.8%▼
2023 · 26.9%
ROA
4.4%▼
2023 · 6.0%
Interest coverage
25.39▲
2023 · 12.13
Debt ≤ 1 year
€648k▼
2023 · €752k
Debt > 1 year
€170k▼
2023 · €181k
Income taxes
€13k▼
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.20M€1.13M▼
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Land and buildings22€3k€3k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€3k€5k▲
Current assets29/58€1.20M€1.13M▼
Stocks and contracts in progress3€914k€922k▲
Stocks30/36€914k€922k▲
Amounts receivable within one year40/41€13k€33k▲
Trade receivables40€12k€33k▲
Other amounts receivable41€771€0▼
Current investments50/53€217k€118k▼
Cash at bank and in hand54/58€45k€53k▲
Deferred charges and accrued income490/1€7k€522▼
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.13M▼
Equity10/15€268k€317k▲
Contributions10/11€19k€19k=
Reserves13€249k€298k▲
Distributable reserves133€249k€298k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€933k€818k▼
Amounts payable after more than one year17€181k€170k▼
Financial debts170/4€181k€170k▼
Amounts payable within one year42/48€752k€648k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€1k€587▼
Suppliers440/4€1k€587▼
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€5k▼
Remuneration and social security454/9€250€258▲
Other amounts payable47/48€731k€631k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€63k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€800€1k▲
Gross operating margin9900€101k€67k▼
Operating profit (loss)9901€98k€63k▼
Financial income75/76B€756€3k▲
Recurring financial income75€756€3k▲
Financial charges65/66B€8k€3k▼
Recurring financial charges65€8k€3k▼
Profit (loss) for the period before taxes9903€91k€63k▼
Income taxes67/77€19k€13k▼
Profit (loss) for the period9904€72k€50k▼
Profit (loss) for the period to be appropriated9905€72k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€50k▼
Transfer to equity691/2€71k€49k▼
To other reserves6921€71k€49k▼
Profit to be distributed694/7€833€859▲
Return on contributions (dividend)694€833€859▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €63k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €10k | €11k | €2k | €3k | ▲ 74.8% |
| Other operating charges640/8 | - | €1k | €1k | €800 | €1k | ▲ 46.8% |
| Gross operating margin9900 | €107k | €27k | €106k | €101k | €67k | ▼ 33.2% |
| Operating profit (loss)9901 | €101k | €15k | €94k | €98k | €63k | ▼ 35.7% |
| Financial income75/76B | - | - | - | €756 | €3k | ▲ 245% |
| Recurring financial income75 | - | - | - | €756 | €3k | ▲ 245% |
| Financial charges65/66B | - | €6k | €12k | €8k | €3k | ▼ 68.4% |
| Recurring financial charges65 | €5k | €6k | €12k | €8k | €3k | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | €96k | €9k | €82k | €91k | €63k | ▼ 30.4% |
| Income taxes67/77 | €19k | €2k | €17k | €19k | €13k | ▼ 29.7% |
| Profit (loss) for the period9904 | €76k | €7k | €65k | €72k | €50k | ▼ 30.6% |
| Profit (loss) for the period to be appropriated9905 | €76k | €7k | €65k | €72k | €50k | ▼ 30.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.39M | €1.35M | €1.38M | €1.20M | €1.13M | ▼ 5.5% |
| Fixed assets21/28 | €373k | €370k | €363k | €6k | €8k | ▲ 33.0% |
| Tangible fixed assets22/27 | €373k | €370k | €363k | €6k | €8k | ▲ 33.0% |
| Land and buildings22 | - | €364k | €359k | €3k | €3k | ▼ 11.8% |
| Plant, machinery and equipment23 | - | €540 | €116 | €0 | - | - |
| Furniture and vehicles24 | - | €5k | €4k | €3k | €5k | ▲ 81.3% |
| Current assets29/58 | €1.02M | €981k | €1.02M | €1.20M | €1.13M | ▼ 5.7% |
| Stocks and contracts in progress3 | €914k | €914k | €914k | €914k | €922k | ▲ 1.0% |
| Stocks30/36 | - | €914k | €914k | €914k | €922k | ▲ 1.0% |
| Amounts receivable within one year40/41 | €53k | €52k | €61k | €13k | €33k | ▲ 159% |
| Trade receivables40 | - | €52k | €61k | €12k | €33k | ▲ 176% |
| Other amounts receivable41 | - | €112 | €0 | €771 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €217k | €118k | ▼ 45.7% |
| Cash at bank and in hand54/58 | €49k | €8k | €30k | €45k | €53k | ▲ 18.7% |
| Deferred charges and accrued income490/1 | - | €8k | €12k | €7k | €522 | ▼ 92.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.39M | €1.35M | €1.38M | €1.20M | €1.13M | ▼ 5.5% |
| Equity10/15 | €126k | €132k | €197k | €268k | €317k | ▲ 18.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €108k | €114k | €178k | €249k | €298k | ▲ 19.7% |
| Distributable reserves133 | - | €114k | €178k | €249k | €298k | ▲ 19.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.26M | €1.22M | €1.18M | €933k | €818k | ▼ 12.3% |
| Amounts payable after more than one year17 | €211k | €201k | €191k | €181k | €170k | ▼ 5.8% |
| Financial debts170/4 | - | €201k | €191k | €181k | €170k | ▼ 5.8% |
| Amounts payable within one year42/48 | €1.05M | €1.02M | €990k | €752k | €648k | ▼ 13.9% |
| Current portion of amounts payable after more than one year42 | - | €230k | €230k | €10k | €10k | ▲ 1.4% |
| Trade debts44 | €18k | €253 | €3k | €1k | €587 | ▼ 58.6% |
| Suppliers440/4 | - | €253 | €3k | €1k | €587 | ▼ 58.6% |
| Taxes, remuneration and social security45 | - | €30k | €22k | €9k | €6k | ▼ 37.5% |
| Taxes450/3 | - | €30k | €20k | €9k | €5k | ▼ 38.7% |
| Remuneration and social security454/9 | - | €240 | €2k | €250 | €258 | ▲ 3.1% |
| Other amounts payable47/48 | - | €756k | €736k | €731k | €631k | ▼ 13.7% |
| Accrued charges and deferred income492/3 | - | €700 | €700 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76k | €7k | €65k | €72k | €50k | ▼ 30.6% |
| + Depreciation and write-downs630 | €5k | €10k | €11k | €2k | €3k | ▲ 74.8% |
| Operating cash flow (approximation) | €82k | €17k | €76k | €74k | €53k | ▼ 28.2% |
| Investment in fixed assets (approximation) | - | €-7k | €-4k | €355k | €-5k | ▼ 101% |
| Change in cash | - | €-41k | €22k | €15k | €8k | ▼ 44.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €268k ▲36.2%
5 profitable years in a row build equity to €268k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €197k ▲48.7%
4 profitable years in a row build equity to €197k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €76k ▲78.9%
Operating result €101k, net result €76k, both a record.
31-12
Financial
Equity above €100kEq €126k ▲150%
2 profitable years in a row build equity to €126k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2018
Ground area
972 m²
Building footprint
166 m²
Volume, LiDAR
1,051 m³
Parcel 13028A0177/00L000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Maple3
since 20182.277.623.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028A0177/00L000 | Flanders | 972 m² | 1 · 166 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,122 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.