MAVE
ActiveSummary
MAVE has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €926,392 and a net result of €24,520. Equity has been growing by about 4.6% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-03-1996 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.076.326.174 2322 Hoogstraten, since 29-04-1996
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €143,996
- ▼ 11.7%
- Turnover
- ≈ €360,000
- estimated
- Profit
- €24,520
- ▼ 28.6%
- Equity
- €926,392
- ▲ 2.7%
- Total assets
- €1.6m
- ▼ 1.8%
Score breakdownraises riskNo main activity registeredlowers riskSize: total assets €1.6mLiquidity: current ratio 17.45, cash €241,756Equity €926,392 (58.4% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 50% of them on solvency, 65% on liquidity, 50% on profitability and 56% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 49 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-06-2026 PDF all 30 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 21% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,580 | €11,835 | €953 | €85,958 | €11,818 |
| Depreciation and write-downs of the year | €111,168 | €94,614 | €91,056 | €93,439 | €84,803 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as MAVE has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAVE itself: < 0.1% 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.
| 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 14,766 companies, not a prediction for MAVE. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,558 | €127,835 | €123,226 | €111,168 | €94,614 | €91,056 | €93,439 | €84,803 | ▼ 9.2% |
| Other operating charges640/8 | - | - | - | €13,374 | €14,431 | €16,541 | €16,724 | €17,681 | ▲ 5.7% |
| Gross operating margin9900 | €223,724 | €201,769 | €205,825 | €199,158 | €173,881 | €165,216 | €163,023 | €143,996 | ▼ 11.7% |
| Operating profit (loss)9901 | €75,437 | €59,224 | €67,871 | €74,615 | €64,836 | €57,620 | €52,860 | €41,512 | ▼ 21.5% |
| Financial income75/76B | - | - | - | €280 | €3 | €3 | €4 | €5 | ▲ 29.6% |
| Recurring financial income75 | €114 | €72 | €7 | €280 | €3 | €3 | €4 | €5 | ▲ 29.6% |
| Financial charges65/66B | - | - | - | €4,593 | €4,130 | €3,120 | €1,672 | €2,048 | ▲ 22.5% |
| Recurring financial charges65 | €6,947 | €6,130 | €5,307 | €4,593 | €4,130 | €3,120 | €1,672 | €2,048 | ▲ 22.5% |
| Profit (loss) for the period before taxes9903 | €68,604 | €53,166 | €62,571 | €70,303 | €60,708 | €54,503 | €51,192 | €39,469 | ▼ 22.9% |
| Income taxes67/77 | €17,701 | €20,722 | €22,000 | €22,995 | €20,675 | €19,839 | €16,840 | €14,948 | ▼ 11.2% |
| Profit (loss) for the period9904 | €50,903 | €32,444 | €40,571 | €47,308 | €40,034 | €34,665 | €34,352 | €24,520 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €50,903 | €32,444 | €40,571 | €47,308 | €40,034 | €34,665 | €34,352 | €24,520 | ▼ 28.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.1m | €2.0m | €1.9m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 1.8% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.7m | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 6.2% |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.7m | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 6.2% |
| Land and buildings22 | - | - | - | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 5.3% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.001m | €0.001m | €391 | €0.001m | ▲ 201% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.01m | €0.008m | €0.02m | €0.006m | ▼ 71.9% |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 27.7% |
| Amounts receivable within one year40/41 | €0.02m | €0.008m | €0.002m | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 3.1% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▼ 3.1% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 30.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.007m | €0.008m | €0.007m | €0.009m | ▲ 32.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.0m | €1.9m | €1.6m | €1.6m | €1.6m | €1.6m | ▼ 1.8% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | ▲ 2.7% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 3.7% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | ▲ 3.9% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.3m | €1.1m | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 7.6% |
| Amounts payable after more than one year17 | €1.3m | €1.2m | €1.2m | €1.0m | €0.7m | €0.7m | €0.6m | €0.6m | = |
| Financial debts170/4 | - | - | - | €1.0m | €0.7m | €0.7m | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.05m | €0.07m | €0.07m | €0.02m | €0.07m | €0.02m | ▼ 77.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | - | €0.04m | - | - |
| Trade debts44 | - | - | €250 | - | €0.001m | - | €0.004m | €0.004m | ▲ 4.9% |
| Suppliers440/4 | - | - | - | - | €0.001m | - | €0.004m | €0.004m | ▲ 4.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.01m | €0.007m | €0.007m | €0.002m | ▼ 64.5% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.007m | €0.007m | €0.002m | ▼ 64.5% |
| Other amounts payable47/48 | - | - | - | €0.02m | €0.01m | €0.02m | €0.01m | €0.009m | ▼ 37.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,903 | €32,444 | €40,571 | €47,308 | €40,034 | €34,665 | €34,352 | €24,520 | ▼ 28.6% |
| + Depreciation and write-downs630 | €135,558 | €127,835 | €123,226 | €111,168 | €94,614 | €91,056 | €93,439 | €84,803 | ▼ 9.2% |
| Operating cash flow (approximation) | €186,462 | €160,279 | €163,797 | €158,476 | €134,648 | €125,720 | €127,790 | €109,323 | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | -€33,660 | -€26,478 | -€1,580 | -€11,835 | -€954 | -€85,958 | €2,589 | - |
| Change in cash | - | €90,398 | €56,243 | -€32,409 | -€162,102 | €74,727 | -€1,874 | €56,362 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-06-2026 | 2026-00140708 | |
| 31-12-2024 | micro format | 25-06-2025 | 2025-00188002 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00124501 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00298452 | |
| 31-12-2021 | micro format | 08-06-2022 | 2022-20054881 | |
| 31-12-2020 | micro format | 26-05-2021 | 2021-15500560 | |
| 31-12-2019 | micro format | 15-05-2020 | 2020-12200154 | |
| 31-12-2018 | micro format | 14-05-2019 | 2019-13200125 | |
| 31-12-2017 | micro format | 11-05-2018 | 2018-12800014 | |
| 31-12-2016 | abbreviated format | 26-05-2017 | 2017-13500177 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 22-12-2023 Converted to unavailable equity · €272,800
- 22-12-2023 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JANSEN,Tom Alfons Ludovica |
|
Network & group
MAVE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MAVE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-12
Gazette deed
Change of role: JANSEN,Tom Alfons Ludovica, from statutory manager to directorPurpose change · Capital conversion · Amendment of the articles10 points ▸
- Other provision, “vaststelling enig aandeelhouderschap voor vennootschapsdossier, aandelen verenigd in één hand” (deed in Dutch)
- Director resignation, JANSEN,Tom Alfons Ludovica (statutory manager)
- Director appointment, JANSEN,Tom Alfons Ludovica (director (not named in the articles))
- Purpose change
- Other provision, “statutenadaptatie met behoud rechtsvorm, statuten aanpassen aan Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbaar eigen vermogen” (deed in Dutch)
- Amendment of the articles
- Share issue, 1000, “vergoeding voor inbrengen” (deed in Dutch)
- Registered office clause, “Oude Veldstraat 31B,2960 Brecht” (deed in Dutch)
14-11
Gazette deed
Power of attorney: Renders Ilse2 points ▸
- Board meeting, 01-07-2022
- Power of attorney, Renders Ilse
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13024C0187/00P005 | Flanders | 5,928 m² | 1 · 324 m² | 6.9 m · 1 |
| 11333D0051/00P000 | Flanders | 1,971 m² | 1 · 203 m² | 8.9 m · 2 |