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Maple Garden

Active
Public limited companyfounded 201412 yrs activeEsplanade Oscar Van de Voorde 1, 9000 Gent, BelgiumKBO/BCE: BE 0556.732.785
Summary

Maple Garden has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €1.4m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 5063 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
Maple GardenActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€12.6mtotal assets 2025
Equity
€2.7m
Profit
€1.4m
Net result +409%: other schema
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
MG Real Estate · 89.43%
Board
6 members
Auditor: Ernst & Young BedrijfsrevisorenAccounts 46 d early1 of 10 deeds read
Why 95+ Size: total assets €12.6m+ Figures for FY 2025 (filed 15-06-2026)+ Liquidity: current ratio 1.27, cash €4.2m+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 63% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 46+18
equity 21.0% of total assets
Liquidity 49+18
short-term debt 79.0% · cash 33.4%
Profitability 65+26
return on assets 10.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (1,709 companies)
Last 15 months 08-2025: 0.1% 09-2025: 0.1%▲ +1.6% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▲ +1.6% vs 01-2026 03-2026: 0.1%▲ +4.7% vs 02-2026 04-2026: 0.1%▲ +10.4% vs 03-2026 05-2026: 0.1%▲ +13.5% vs 04-2026 06-2026: 0.1%▲ +16.7% vs 05-2026highest value 07-2026: < 0.1%▼ -71.4% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Size: total assets €12.6m lowers the probability for this profile
  • Figures for FY 2025 (filed 15-06-2026) lowers the probability
  • Liquidity: current ratio 1.27, cash €4.2m lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €250,000 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 2.12 in 2024; short-term debt: 79% and cash: 33.4% of total assets), and 79% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 43%, liquidity 44%, profitability 72%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Size: total assets €12.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 15-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.27, cash €4.2m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 d early
2024
12 d late
2023
12 d late
2022
42 d early
2021
32 d early
2020
24 d early
2019
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · 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. Usually files around 29 June (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 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
  1. Reappointment: Ernst & Young Bedrijfsrevisoren (company…Appointments: MG RE Investment BV…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Highest result since 2018net €1.4m ▲409%

Key points

  • Positive: Result rose in 2025different schema filed ▲ 409% View
  • Positive: Among the best 7% on net resultsector median €22,591 · 5,060 companies €1.4m View
  • New directorslatest change 22-06-2026 · 6 in office 5 joined View
  • Controlled by MG Real Estateknown shareholders 100% 89.43% View

By topic

Financials

Fiscal year
2025
Total assets
€12.6m
Profit
€1.4m
Solvency
21.0%
Total assets▼ 71.4%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
Parent
MG Real Estate · 89.43%
Known shareholders
100%
Auditor
Ernst & Young Bedrijfsrevisoren
Go to Board & ownership

Timeline

Events
18
Since
2017
Next accounts
by 31-07-2027
  1. 11-08-2026Reappointment: Ernst & Young Bedrijfsrevisoren (company auditor)
  2. 15-06-2026Annual accounts filed
  3. 31-12-2025Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
16-07-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?MG RE Invest S.A. · 41 companies How does this company compare with its sector?Sector benchmark

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