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MAVECO

Active
Private limited companyfounded 20242 yrs activeLouis Delebecquelaan 32, 9051 Gent, BelgiumKBO/BCE: BE 1005.950.178
Summary

MAVECO has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10,452 and a net result of €9,452. Its solvency ranks better than 35% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes
Profitability100
Solvency69
Growth-
Track record67
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.8; short-term debt: 55.6% and cash: 53.2% of total assets), but 55.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
44.2%
Return on assets
40%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2024
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 February 2024, MAVECO was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€10,452
Total assets
€23,655
Net result
€9,452
Working capital
€10,513

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €23,655
Equity €10,452
Debt €13,203
Debt finances 55.8% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
1.80
Debt to equity
1.26
ROE
90.4%
ROA
40.0%
Debt ≤ 1 year
€13,142
Income taxes
€4,358

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 31 lines
Balance sheet Code2024
Assets
Total assets20/58€23,655
Current assets29/58€23,655
Amounts receivable within one year40/41€9,473
Trade receivables40€9,469
Other amounts receivable41€4
Cash at bank and in hand54/58€12,595
Deferred charges and accrued income490/1€1,587
Equity and liabilities
Total equity and liabilities10/49€23,655
Equity10/15€10,452
Contributions10/11€1,000
Reserves13€9,452
Distributable reserves133€9,452
Amounts payable17/49€13,203
Amounts payable within one year42/48€13,142
Trade debts44€1,408
Suppliers440/4€1,408
Taxes, remuneration and social security45€9,844
Taxes450/3€9,844
Other amounts payable47/48€1,889
Accrued charges and deferred income492/3€62
Income statement Code2024
Gross operating margin9900€17,282
Operating profit (loss)9901€17,282
Financial charges65/66B€3,473
Recurring financial charges65€3,473
Profit (loss) for the period before taxes9903€13,809
Income taxes67/77€4,358
Profit (loss) for the period9904€9,452
Profit (loss) for the period to be appropriated9905€9,452
Appropriation of the result
Profit (loss) to be appropriated9906€9,452
Transfer to equity691/2€9,452
To other reserves6921€9,452

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Gross operating margin9900€17,282
Operating profit (loss)9901€17,282
Financial charges65/66B€3,473
Recurring financial charges65€3,473
Profit (loss) for the period before taxes9903€13,809
Income taxes67/77€4,358
Profit (loss) for the period9904€9,452
Profit (loss) for the period to be appropriated9905€9,452
Line2024
Assets
Total assets20/58€23,655
Current assets29/58€23,655
Amounts receivable within one year40/41€9,473
Trade receivables40€9,469
Other amounts receivable41€4
Cash at bank and in hand54/58€12,595
Deferred charges and accrued income490/1€1,587
Equity and liabilities
Total equity and liabilities10/49€23,655
Equity10/15€10,452
Contributions10/11€1,000
Reserves13€9,452
Distributable reserves133€9,452
Amounts payable17/49€13,203
Amounts payable within one year42/48€13,142
Trade debts44€1,408
Suppliers440/4€1,408
Taxes, remuneration and social security45€9,844
Taxes450/3€9,844
Other amounts payable47/48€1,889
Accrued charges and deferred income492/3€62
Line2024
Profit (loss) for the period9904€9,452
Operating cash flow (approximation)€9,452

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Gent · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,509 m²
Building footprint
207 m²
Volume, LiDAR
1,150 m³
Parcel 44062D0334/00P000, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAVECO
Louis Delebecquelaan 32, 9051 GentOther legal services
since 20242.355.627.578
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062D0334/00P000 Flanders 1,509 m² 1 · 207 m² 20.0 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.

Similar companies · same sector, comparable size

Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 614 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005950178
Also 9925:BE1005950178
Registered 20-05-2026

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.