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Maurile

Active
Private limited companyfounded 2025active for 1 yearGooreind 25, 2440 Geel, BelgiumKBO/BCE: BE 1021.970.521

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 27-07-2026 at the NBB

Turnover
≈ €190,000
Estimated: probably between €140,000 and €230,000
Total assets
€68,211
Net result
€37,697
Working capital
€31,170

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €68,211
Fixed assets €9,528
Current assets €58,683
Equity and liabilities €68,211
Equity €40,697
Debt €27,514
Debt's share of the balance-sheet total is 40.3%.
Key figures and ratios
2025 value
EBITDA
€52,234
Cash flow
€37,919
Current ratio
2.13
Debt to equity
0.68
ROE
92.6%
ROA
55.3%
Interest coverage
over 100
Debt ≤ 1 year
€27,514
Income taxes
€14,267

Investments

fixed assets acquired
Item2025
Tangible fixed assets€4,349
Financial fixed assets€5,400
Depreciation and write-downs of the year€221

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€68,211
Fixed assets21/28€9,528
Tangible fixed assets22/27€4,128
Plant, machinery and equipment23€3,160
Furniture and vehicles24€967
Financial fixed assets28€5,400
Current assets29/58€58,683
Amounts receivable within one year40/41€17,927
Trade receivables40€17,712
Other amounts receivable41€215
Cash at bank and in hand54/58€40,756
Equity and liabilities
Total equity and liabilities10/49€68,211
Equity10/15€40,697
Contributions10/11€3,000
Reserves13€37,697
Distributable reserves133€37,697
Amounts payable17/49€27,514
Amounts payable within one year42/48€27,514
Trade debts44€3,876
Suppliers440/4€3,876
Taxes, remuneration and social security45€23,499
Taxes450/3€21,199
Remuneration and social security454/9€2,300
Other amounts payable47/48€138
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221
Other operating charges640/8€431
Gross operating margin9900€52,665
Operating profit (loss)9901€52,013
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€51,964
Income taxes67/77€14,267
Profit (loss) for the period9904€37,697
Profit (loss) for the period to be appropriated9905€37,697
Appropriation of the result
Profit (loss) to be appropriated9906€37,697
Transfer to equity691/2€37,697
To other reserves6921€37,697

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€221
Other operating charges640/8€431
Gross operating margin9900€52,665
Operating profit (loss)9901€52,013
Financial charges65/66B€48
Recurring financial charges65€48
Profit (loss) for the period before taxes9903€51,964
Income taxes67/77€14,267
Profit (loss) for the period9904€37,697
Profit (loss) for the period to be appropriated9905€37,697
Line2025
Assets
Total assets20/58€68,211
Fixed assets21/28€9,528
Tangible fixed assets22/27€4,128
Plant, machinery and equipment23€3,160
Furniture and vehicles24€967
Financial fixed assets28€5,400
Current assets29/58€58,683
Amounts receivable within one year40/41€17,927
Trade receivables40€17,712
Other amounts receivable41€215
Cash at bank and in hand54/58€40,756
Equity and liabilities
Total equity and liabilities10/49€68,211
Equity10/15€40,697
Contributions10/11€3,000
Reserves13€37,697
Distributable reserves133€37,697
Amounts payable17/49€27,514
Amounts payable within one year42/48€27,514
Trade debts44€3,876
Suppliers440/4€3,876
Taxes, remuneration and social security45€23,499
Taxes450/3€21,199
Remuneration and social security454/9€2,300
Other amounts payable47/48€138
Line2025
Profit (loss) for the period9904€37,697
+ Depreciation and write-downs630€221
Operating cash flow (approximation)€37,919

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as Maurile has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of Maurile itself: 0.8% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for Maurile. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 27-07-2026 2026-00332766 PDF

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