Mava Projects
ActiveMava Projects has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €763. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 5% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
11
/ 100
Critical▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency38▼-1
Growth58=
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.73 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-35.4%
Return on assets
3.2%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27319 sector peers (2025).
NBB · sector comparisonPosition among 27319 sector peers
Solvency
better than 5%
← weakest
strongest →
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 31-01-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
6 d late
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
on the day
← 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, micro schema
Turnover
€0
Total assets
€24k▼ 17.5%
2024 · €29k
2019: €30k
2020: €6k
2021: €6k
2022: €4k
2023: €17k
2024: €29k
2019 → 2025
Net result
€763▲ 2.6%
2024 · €744
2019: €-5k
2020: €-6k
2021: €-73
2022: €-45
2023: €649
2024: €744
2019 → 2025
Working capital
€-9k▲ 9.5%
2024 · €-10k
2019: €-23k
2020: €-15k
2021: €-15k
2022: €-15k
2023: €-10k
2024: €-10k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€-11k▼ 0.4%€-10k▲ 6.1%€-9k▲ 7.4%€-9k▲ 8.2%
Operating result€0-€0€886€1k▲ 16.5%€2k▲ 68.0%
Net result€-73-€-45▲ 38.2%€649€744▲ 14.5%€763▲ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 68% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24k
Fixed assets
€740▼ 22.0%
Current assets
€23k▼ 17.3%
Key figures and ratios
EBITDA
€2k▲
2024 · €1k
Cash flow
€971▲
2024 · €837
Solvency
-35.4%▼
2024 · -31.8%
Current ratio
0.72▼
2024 · 0.73
Quick ratio
0.47▼
2024 · 0.51
Debt / equity
-3.82▲
2024 · -4.14
ROE
-8.9%▼
2024 · -8.0%
ROA
3.2%▲
2024 · 2.5%
Interest coverage
2.83▼
2024 · 23.45
Debt
€33k▼
2024 · €39k
Debt ≤ 1 year
€33k▼
2024 · €39k
Income taxes
€286▲
2024 · €240
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€29k€24k▼
Fixed assets21/28€949€740▼
Tangible fixed assets22/27€949€740▼
Plant, machinery and equipment23€949€740▼
Current assets29/58€28k€23k▼
Stocks and contracts in progress3€9k€8k▼
Contracts in progress37€9k€8k▼
Amounts receivable within one year40/41€13k€14k▲
Trade receivables40€13k€10k▼
Other amounts receivable41€135€4k▲
Cash at bank and in hand54/58€7k€741▼
Deferred charges and accrued income490/1-€305
Equity and liabilities
Total equity and liabilities10/49€29k€24k▼
Equity10/15€-9k€-9k▲
Contributions10/11€9k€9k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-21k€-20k▲
Amounts payable17/49€39k€33k▼
Amounts payable within one year42/48€39k€33k▼
Trade debts44€21k€16k▼
Suppliers440/4€21k€16k▼
Taxes, remuneration and social security45€477€522▲
Taxes450/3€477€522▲
Other amounts payable47/48€17k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93€208▲
Other operating charges640/8€64€184▲
Gross operating margin9900€1k€2k▲
Operating profit (loss)9901€1k€2k▲
Financial charges65/66B€48€686▲
Recurring financial charges65€48€686▲
Profit (loss) for the period before taxes9903€984€1k▲
Income taxes67/77€240€286▲
Profit (loss) for the period9904€744€763▲
Profit (loss) for the period to be appropriated9905€744€763▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-20k▲
Profit (loss) brought forward from the previous period14P€-22k€-21k▲
The notes to these accounts (4 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €763 ▲2.6%
Operating result €2k, net result €763, both a record.
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €649
Net result €649 after 4 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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 2022
VAES Maarten
CurrentDirector · since 19-12-2022
19-12-2022
VAES Maarten: Appointed as Director
19-12-2022
ALLARD Liesbeth: Resigned as Director
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2016
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.
Liersesteenweg 2722220 Heist-op-den-BergGround area
1,738 m²
Building footprint
166 m²
Volume, LiDAR
901 m³
Parcel 12322I0138/00S000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mava Projects
since 20162.254.086.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0138/00S000 | Flanders | 1,738 m² | 1 · 166 m² | 7.4 m · 2 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.
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Tienen · Eq €1k
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RedElec
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Of 1,120 companies in sector 43212 we hold annual accounts for 418. 17 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2016
Fiscal year end30-06
Activities, NACEBEL
43212Electrical installation work in industrial facilities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.