MAVACO
ActiveSummary
For the legal form of MAVACO, Checked does not compute a bankruptcy probability. The latest annual accounts of MAVACO were filed more than 90 days after the deadline. The 2020 annual accounts show equity of €352,668 and a net result of €8,715. Equity is growing by ~2.5% per year across the filed fiscal years. The company has been active since 1997 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability43=
Solvency100=
Growth52=
Track record92
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 14-01-2022, 167 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
167 d late
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 122 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2020, micro schema
Equity
€352,668▲ 2.5%
2019 · €343,953
Total assets
€413,875▲ 12.8%
2019 · €366,911
Net result
€8,715▲ 0.5%
2019 · €8,669
Working capital
-€18,106
2019 · €2,293
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€18,980-€12,292▼ 35.2%€13,978▲ 13.7%
Net result€12,008-€8,669▼ 27.8%€8,715▲ 0.5%
Equity€335,284-€343,953▲ 2.6%€352,668▲ 2.5%
Total assets€374,091-€366,911▼ 1.9%€413,875▲ 12.8%
Debt€38,807-€22,958▼ 40.8%€61,207▲ 167%
Working capital€46,340-€2,293▼ 95.1%-€18,106
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 14% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €413,875
Fixed assets
€381,109 ▲ 11.5%
Current assets
€32,766 ▲ 29.8%
Equity and liabilities €413,875
Equity
€352,668 ▲ 2.5%
Debt
€61,207 ▲ 167%
Debt's share of the balance-sheet total rises from 6.3% to 14.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45,962▲
2019 · €39,597
Cash flow
€40,699▲
2019 · €35,974
Current ratio
0.64▼
2019 · 1.10
ROE
2.5%▼
2019 · 2.5%
ROA
2.1%▼
2019 · 2.4%
Debt ≤ 1 year
€50,872▲
2019 · €22,958
Income taxes
€3,285▼
2019 · €4,327
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,577 | €27,305 | €31,984 | ▲ 17.1% |
| Gross operating margin9900 | €48,696 | €49,358 | €55,996 | ▲ 13.4% |
| Operating profit (loss)9901 | €18,980 | €12,292 | €13,978 | ▲ 13.7% |
| Recurring financial income75 | €175 | €1,097 | €149 | ▼ 86.4% |
| Recurring financial charges65 | €1,488 | €393 | €2,127 | ▲ 441% |
| Profit (loss) for the period before taxes9903 | €17,667 | €12,996 | €12,000 | ▼ 7.7% |
| Income taxes67/77 | €5,659 | €4,327 | €3,285 | ▼ 24.1% |
| Profit (loss) for the period9904 | €12,008 | €8,669 | €8,715 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €12,008 | €8,669 | €8,715 | ▲ 0.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €374,091 | €366,911 | €413,875 | ▲ 12.8% |
| Fixed assets21/28 | €291,685 | €341,660 | €381,109 | ▲ 11.5% |
| Tangible fixed assets22/27 | €291,685 | €341,660 | €381,109 | ▲ 11.5% |
| Current assets29/58 | €82,406 | €25,251 | €32,766 | ▲ 29.8% |
| Amounts receivable within one year40/41 | €2,650 | €12,496 | €2,650 | ▼ 78.8% |
| Cash at bank and in hand54/58 | €77,728 | €11,299 | €28,414 | ▲ 151% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €374,091 | €366,911 | €413,875 | ▲ 12.8% |
| Equity10/15 | €335,284 | €343,953 | €352,668 | ▲ 2.5% |
| Contributions10/11 | €185,920 | €185,920 | €185,920 | = |
| Reserves13 | €125,463 | €125,463 | €158,033 | ▲ 26.0% |
| Profit (loss) carried forward14 | €23,902 | €32,571 | €8,715 | ▼ 73.2% |
| Amounts payable17/49 | €38,807 | €22,958 | €61,207 | ▲ 167% |
| Amounts payable within one year42/48 | €36,066 | €22,958 | €50,872 | ▲ 122% |
| Trade debts44 | €3,500 | €11,200 | €1,155 | ▼ 89.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,008 | €8,669 | €8,715 | ▲ 0.5% |
| + Depreciation and write-downs630 | €19,577 | €27,305 | €31,984 | ▲ 17.1% |
| Operating cash flow (approximation) | €31,585 | €35,974 | €40,699 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | -€77,280 | -€71,433 | ▲ 7.6% |
| Change in cash | - | -€66,429 | €17,114 | ▲ 126% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-04
KBO administration
UBO non-compliance
event 31-03-2025
2022
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 167 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
31-12
Financial
Weakest financial yearnet €8,669 ▼27.8%
Net result drops to €8,669, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 2 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
25-06
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
18-06
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 1997
Ground area
1,007 m²
Building footprint
211 m²
Volume, LiDAR
1,221 m³
Parcel 23016E0001/00R006, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Acaciadreef 5, 1700 Dilbeek
since 19972.291.831.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016E0001/00R006 | Flanders | 1,007 m² | 1 · 210 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPartnership limited by shares
Founded31-07-1997
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC-1-9-00808/16.04)