MAUWS
ActiveMAUWS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.49M and a net result of €167k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7673 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-13
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity ample (current ratio 15.72 against 16.64 in 2024), and 5.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.2%
Return on assets
3.5%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
5 d late
2022
1 d early
2021
7 d late
2020
1 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.49M▼ 1.0%
2024 · €4.54M
2019: €3.81M
2020: €3.90M
2021: €4.01M
2022: €4.14M
2023: €4.43M
2024: €4.54M
2019 → 2025
Total assets
€4.77M▼ 0.5%
2024 · €4.79M
2019: €3.98M
2020: €4.12M
2021: €4.13M
2022: €4.24M
2023: €4.49M
2024: €4.79M
2019 → 2025
Net result
€167k▼ 43.3%
2024 · €295k
2019: €123k
2020: €93k
2021: €113k
2022: €133k
2023: €287k
2024: €295k
2019 → 2025
Working capital
€4.02M▲ 0.9%
2024 · €3.99M
2019: €3.00M
2020: €3.23M
2021: €3.35M
2022: €3.59M
2023: €3.93M
2024: €3.99M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.01M-€4.14M▲ 3.3%€4.43M▲ 6.9%€4.54M▲ 2.5%€4.49M▼ 1.0%
Operating result€169k-€203k▲ 20.1%€423k▲ 108%€419k▼ 1.0%€240k▼ 42.7%
Net result€113k-€133k▲ 17.2%€287k▲ 116%€295k▲ 2.7%€167k▼ 43.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.77M
Fixed assets
€472k▼ 13.9%
Current assets
€4.30M▲ 1.2%
Equity and liabilities €4.77M
Equity
€4.49M▼ 1.0%
Debt
€276k▲ 8.1%
The debt ratio rises from 5.3% to 5.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€324k▼
2024 · €517k
Cash flow
€251k▼
2024 · €393k
Solvency
94.2%▼
2024 · 94.7%
Current ratio
15.72▼
2024 · 16.64
Quick ratio
14.78▼
2024 · 15.63
Debt / equity
0.06▲
2024 · 0.06
ROE
3.7%▼
2024 · 6.5%
ROA
3.5%▼
2024 · 6.1%
Interest coverage
81.42▼
2024 · 194.64
Debt
€276k▲
2024 · €255k
Debt ≤ 1 year
€273k▲
2024 · €255k
Income taxes
€75k▼
2024 · €126k
Staff costs
€312k▼
2024 · €315k
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€4.79M€4.77M▼
Fixed assets21/28€548k€472k▼
Tangible fixed assets22/27€548k€472k▼
Land and buildings22€388k€354k▼
Plant, machinery and equipment23€40k€30k▼
Furniture and vehicles24€121k€88k▼
Financial fixed assets28€109€109=
Current assets29/58€4.25M€4.30M▲
Amounts receivable after more than one year29€1.00M€871k▼
Trade receivables290€135€135=
Other amounts receivable291€1.00M€871k▼
Stocks and contracts in progress3€257k€257k=
Stocks30/36€257k€257k=
Amounts receivable within one year40/41€126k€190k▲
Trade receivables40€61k€99k▲
Other amounts receivable41€65k€91k▲
Current investments50/53€561k€561k=
Cash at bank and in hand54/58€2.30M€2.42M▲
Deferred charges and accrued income490/1€3k€826▼
Equity and liabilities
Total equity and liabilities10/49€4.79M€4.77M▼
Equity10/15€4.54M€4.49M▼
Contributions10/11€25k€25k=
Reserves13€4.51M€4.47M▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€38k€38k=
Distributable reserves133€4.48M€4.43M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€255k€276k▲
Amounts payable within one year42/48€255k€273k▲
Trade debts44€27k€14k▼
Suppliers440/4€27k€14k▼
Taxes, remuneration and social security45€53k€58k▲
Taxes450/3€9k€11k▲
Remuneration and social security454/9€44k€47k▲
Other amounts payable47/48€175k€201k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€47k€0▼
Remuneration, social security and pensions62€315k€312k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€84k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€833k€639k▼
Operating profit (loss)9901€419k€240k▼
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€420k€242k▼
Income taxes67/77€126k€75k▼
Profit (loss) for the period9904€295k€167k▼
Profit (loss) for the period to be appropriated9905€295k€167k▼
Appropriation of the result
Profit (loss) to be appropriated9906€295k€167k▼
Transfer from equity791/2€184k€212k▲
Transfer to equity691/2€295k€167k▼
To other reserves6921€295k€167k▼
Profit to be distributed694/7€184k€212k▲
Return on contributions (dividend)694€184k€212k▲
Social balance
Average headcount (FTE)90876.15.6▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €295k ▲2.7%
Net result €295k, the highest in the series.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 7 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €93k ▼24.5%
Net result drops to €93k, the lowest in the series; recovery starts the following year.
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 3 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
MAUWS Rita
CurrentDirector · since 13-12-2023
MAUWS Stefaan
CurrentDirector · since 13-12-2023
13-12-2023
MAUWS Rita: Appointed as Director
13-12-2023
MAUWS Stefaan: Appointed as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1984
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.
Kortrijkseweg 1178791 WaregemGround area
3,802 m²
Building footprint
199 m²
Volume, LiDAR
792 m³
Parcel 34006A0269/00P000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAUWS
since 19842.026.808.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0269/00P000 | Flanders | 3,802 m² | 1 · 199 m² | 6.0 m · 1 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.
Similar companies · same sector, comparable size
SYSTEMAIR
BE 0438.835.324
Aarschot · Eq €4.52M
MATTHIJS
BE 0421.077.790
Lochristi · Eq €4.41M
WEISS TECHNIK BELGIUM
BE 0429.074.847
Liedekerke · Eq €4.69M
Sanitair Blondeel
BE 0412.719.657
Kortrijk · Eq €4.29M
Amodio Bruno Services
BE 0875.545.358
Anderlecht · Eq €4.73M
Of 9,478 companies in sector 43222 we hold annual accounts for 5,626. 1,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-1984
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.