Maple Land
ActiveSummary
Maple Land has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €74,554. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €2.5m
- Profit
- €74,554
- Parent
- MG Real Estate · 100%
- MG RE InvestmentManaging director · permanent representative De Paepe Ignace
- 9000 EstateDirector · permanent representative Guillaume De Paepe
Why 96raises riskLiquidity: current ratio 89.19, cash €62,674lowers riskSize: total assets €2.5mEquity €2.5m (98.9% of total assets)Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 82% on solvency, 69% on liquidity, 50% on profitability and 62% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 14 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Reappointments: Ernst & Young Bedrijfsrevisoren, Prodit…Appointments: 9000 Estate BV (director)…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €4,499 in 2025 against €22,587 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.02m | €0.02m | €0.04m | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €120 | €122 | €154 | €164 | €168 | ▲ 2.5% |
| Gross operating margin9900 | €0.04m | €0.04m | €0.02m | -€0.005m | -€0.01m | €2.6m | -€0.02m | -€0.004m | ▲ 80.7% |
| Operating profit (loss)9901 | €0.005m | €38 | -€0.03m | -€0.005m | -€0.01m | €2.6m | -€0.02m | -€0.004m | ▲ 80.1% |
| Financial income75/76B | - | - | - | €0.02m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 24.7% |
| Recurring financial income75 | - | - | - | €0.02m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 24.7% |
| Financial charges65/66B | - | - | - | €0.005m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 24.0% |
| Recurring financial charges65 | €38 | €447 | €0.008m | €0.005m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 24.0% |
| Profit (loss) for the period before taxes9903 | €0.005m | -€409 | -€0.04m | €0.005m | €0.04m | €2.7m | €0.1m | €0.1m | ▼ 14.3% |
| Income taxes67/77 | - | - | - | €0.004m | €0.002m | €0.7m | €0.03m | €0.03m | ▼ 5.3% |
| Profit (loss) for the period9904 | €0.005m | -€409 | -€0.04m | €0.001m | €0.04m | €2.0m | €0.09m | €0.07m | ▼ 17.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.02m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.005m | -€409 | -€0.04m | €0.02m | €0.04m | €2.0m | €0.09m | €0.07m | ▼ 17.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.7m | €2.1m | €4.1m | €4.9m | €3.1m | €2.5m | €2.5m | ▲ 3.0% |
| Fixed assets21/28 | €0.7m | €0.7m | €2.0m | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €2.0m | - | - | - | - | - | - |
| Current assets29/58 | €0.05m | €0.07m | €0.1m | €4.1m | €4.9m | €3.1m | €2.5m | €2.5m | ▲ 3.0% |
| Stocks and contracts in progress3 | - | - | - | €1.9m | €1.9m | €0 | - | - | - |
| Stocks30/36 | - | - | - | €1.9m | €1.9m | €0 | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | €0.6m | €2.7m | €2.8m | €2.4m | €2.5m | ▲ 3.5% |
| Trade receivables40 | - | - | - | €0.002m | - | - | - | - | - |
| Other amounts receivable41 | - | - | - | €0.6m | €2.7m | €2.8m | €2.4m | €2.5m | ▲ 3.5% |
| Cash at bank and in hand54/58 | €0.05m | €0.06m | €0.1m | €1.6m | €0.3m | €0.3m | €0.07m | €0.06m | ▼ 14.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €2.1m | €4.1m | €4.9m | €3.1m | €2.5m | €2.5m | ▲ 3.0% |
| Equity10/15 | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €2.3m | €2.4m | €2.5m | ▲ 3.1% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | €260 | €351 | -€0.04m | -€0.01m | €0.03m | €2.0m | €2.1m | €2.2m | ▲ 3.6% |
| Provisions and deferred taxes16 | - | €0.002m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.3m | €0.3m | €1.7m | €3.8m | €4.5m | €0.7m | €0.03m | €0.03m | ▼ 5.6% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €1.7m | €3.8m | €4.5m | €0.7m | €0.03m | €0.03m | ▼ 5.6% |
| Trade debts44 | €224 | €0.001m | €0.002m | €0.09m | €0.006m | - | - | €0.003m | - |
| Suppliers440/4 | - | - | - | €0.09m | €0.006m | - | - | €0.003m | - |
| Advances received on contracts in progress46 | - | - | - | €3.7m | €4.5m | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.004m | €0.006m | €0.7m | €0.03m | €0.03m | ▼ 14.3% |
| Taxes450/3 | - | - | - | €0.004m | €0.006m | €0.7m | €0.03m | €0.03m | ▼ 14.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.005m | -€409 | -€0.04m | €0.001m | €0.04m | €2.0m | €0.09m | €0.07m | ▼ 17.3% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.04m | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.03m | €0.02m | €0.002m | €0.001m | €0.04m | €2.0m | €0.09m | €0.07m | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1.3m | - | - | - | - | - | - |
| Change in cash | - | €0.02m | €0.05m | €1.5m | -€1.3m | -€0.03m | -€0.2m | -€0.01m | ▲ 94.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 05-06-2026 | 2026-00139643 |
| 31-12-2024 | abbreviated format | 12-08-2025 | 2025-00371060 |
| 31-12-2023 | abbreviated format | 12-08-2024 | 2024-00339147 |
| 31-12-2022 | abbreviated format | 19-06-2023 | 2023-00135113 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20110757 |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-33800253 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49000124 |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14900113 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-52600108 |
| 31-12-2016 | micro format | 19-06-2017 | 2017-18700255 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 2
Statutory auditor 5
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| MG RE Investment |
|
| 9000 Estate |
|
| Ernst & Young Bedrijfsrevisoren |
|
| MEA VOTA ONE |
|
| MG RE Investment |
|
| Prodit |
|
| SCS |
|
| MG Investment BV |
|
Owners and capital
Owners
1 ownerChain of control
- MG RE Invest S.A.LU
- MG Real Estate
- Maple Land
Highest known parent: MG RE Invest S.A. (Luxembourg). The sources do not say who stands above it.
Owners 1
-
100%
According to the 2025 annual accounts of Maple Land and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
11-08
Gazette deed
Reappointments: Ernst & Young Bedrijfsrevisoren, Prodit and 3 othersAppointments: 9000 Estate BV (director) and Mg Re Investment (managing director) · Permanent representatives: Guillaume De Paepe and De Paepe Ignace · Power of attorney14 facts ▸
- General meeting, 12-05-2026
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren
- Auditor reappointment, Prodit
- Auditor reappointment, Mea Vota One
- Auditor reappointment, Scs
- Auditor reappointment, Mg Re Investment
- General meeting, 22-06-2026
- Director appointment, 9000 Estate BV (director (not named in the articles))
- Permanent representative, Guillaume De Paepe
- Board meeting, 22-06-2026
- Director appointment, Mg Re Investment (managing director)
- Permanent representative, De Paepe Ignace
- +2 further facts in this act
29-03
Gazette deed
Resignation: MG Investment BV (director)Appointment: MG RE Investment BV (director) · Permanent representatives: Ignace De Paepe and Christophe Boschmans · Director discharge9 facts ▸
- General meeting, 27-03-2024
- Director resignation, MG Investment BV (director (not named in the articles))
- Director discharge, MG Investment BV (director (not named in the articles))
- Director appointment, MG RE Investment BV (director (not named in the articles))
- Permanent representative, Ignace De Paepe
- Permanent representative, Christophe Boschmans (vaste vertegenwoordiger commissaris)
- Board meeting, 27-03-2024
- Director resignation, MG Investment BV (managing director)
- Director appointment, MG RE Investment BV (managing director)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44809I0649/52A002 | Flanders | 1,701 m² | 1 · 822 m² | 4.8 m |