MAVELKI
ActiveSummary
MAVELKI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €356,714 and a net result of -€30,680. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-33
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 9.76 against 11.92 in 2024; short-term debt: 7.4% and cash: 9.2% of total assets), and 7.4% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30,680
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
36 d early
2023
49 d early
2022
24 d early
2021
25 d early
2020
12 d late
2019
110 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€356,714▼ 8.3%
2024 · €389,060
Total assets
€385,052▼ 7.5%
2024 · €416,240
Net result
-€30,680▼ 117%
2024 · -€14,159
Working capital
€248,221▼ 10.6%
2024 · €277,541
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€236,194▲ 98.7%-€48,423-€30,990▲ 36.0%-€21,071▲ 32.0%-€30,985▼ 47.1%
Net result€157,879above the sector's middle half▲ 81.2%-€49,034below the sector's middle half-€33,000below the sector's middle half▲ 32.7%-€14,159below the sector's middle half▲ 57.1%-€30,680below the sector's middle half▼ 117%
Equity€541,516above the sector's middle half▲ 40.6%€443,391above the sector's middle half▼ 18.1%€404,937above the sector's middle half▼ 8.7%€389,060above the sector's middle half▼ 3.9%€356,714above the sector's middle half▼ 8.3%
Total assets€654,985above the sector's middle half▲ 43.9%€497,888within the sector's middle half▼ 24.0%€439,908within the sector's middle half▼ 11.6%€416,240within the sector's middle half▼ 5.4%€385,052within the sector's middle half▼ 7.5%
Debt€113,469▲ 62.6%€54,497▼ 52.0%€34,971▼ 35.8%€27,180▼ 22.3%€28,338▲ 4.3%
Working capital€390,775above the sector's middle half▲ 71.5%€262,800above the sector's middle half▼ 32.7%€265,711above the sector's middle half▲ 1.1%€277,541above the sector's middle half▲ 4.5%€248,221above the sector's middle half▼ 10.6%
Solvency82.7%above the sector's middle half▼ 2.0pp89.1%above the sector's middle half▲ 6.4pp92.1%above the sector's middle half▲ 3.0pp93.5%above the sector's middle half▲ 1.4pp92.6%above the sector's middle half▼ 0.8pp
Current ratio4.44within the sector's middle half▲ 0.185.82above the sector's middle half▲ 1.388.85above the sector's middle half▲ 3.0211.92above the sector's middle half▲ 3.089.76above the sector's middle half▼ 2.16
Return on assets (ROA)24.1%within the sector's middle half▲ 5.0pp-9.8%below the sector's middle half▼ 34.0pp-7.5%below the sector's middle half▲ 2.3pp-3.4%below the sector's middle half▲ 4.1pp-8.0%below the sector's middle half▼ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30,985 in 2025 against €21,071 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385,052
Fixed assets
€108,493 ▼ 4.2%
Current assets
€276,559 ▼ 8.7%
Equity and liabilities €385,052
Equity
€356,714 ▼ 8.3%
Debt
€28,338 ▲ 4.3%
Debt's share of the balance-sheet total rises from 6.5% to 7.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€25,091▼
2024 · €5,971
Cash flow
-€24,786▼
2024 · €12,883
Debt to equity
0.08▲
2024 · 0.07
ROE
-8.6%▼
2024 · -3.6%
Interest coverage
-14.33▼
2024 · 3.30
Debt ≤ 1 year
€28,338▲
2024 · €25,410
Income taxes
€1,919▲
2024 · €823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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%.
| 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 12,321 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,222 | €39,599 | €40,260 | €27,042 | €5,895 | ▼ 78.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €6,001 | - |
| Other operating charges640/8 | €1,569 | €1,579 | €6,034 | €2,348 | €5,159 | ▲ 120% |
| Gross operating margin9900 | €260,986 | -€7,245 | €15,304 | €8,320 | -€13,931 | ▼ 267% |
| Operating profit (loss)9901 | €236,194 | -€48,423 | -€30,990 | -€21,071 | -€30,985 | ▼ 47.1% |
| Financial income75/76B | - | - | €9 | €9,546 | €3,974 | ▼ 58.4% |
| Recurring financial income75 | - | - | €9 | €9,546 | €3,974 | ▼ 58.4% |
| Financial charges65/66B | €841 | €230 | €1,197 | €1,811 | €1,751 | ▼ 3.3% |
| Recurring financial charges65 | €841 | €230 | €1,197 | €1,811 | €1,751 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €235,354 | -€48,653 | -€32,177 | -€13,336 | -€28,762 | ▼ 116% |
| Income taxes67/77 | €77,475 | €381 | €822 | €823 | €1,919 | ▲ 133% |
| Profit (loss) for the period9904 | €157,879 | -€49,034 | -€33,000 | -€14,159 | -€30,680 | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €157,879 | -€49,034 | -€33,000 | -€14,159 | -€30,680 | ▼ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €654,985 | €497,888 | €439,908 | €416,240 | €385,052 | ▼ 7.5% |
| Fixed assets21/28 | €150,741 | €180,591 | €140,331 | €113,289 | €108,493 | ▼ 4.2% |
| Tangible fixed assets22/27 | €120,447 | €100,297 | €60,037 | €32,996 | €28,199 | ▼ 14.5% |
| Furniture and vehicles24 | €8,590 | €21,062 | €12,574 | €4,087 | €1,943 | ▼ 52.5% |
| Other tangible fixed assets26 | €111,857 | €79,235 | €47,463 | €28,909 | €26,256 | ▼ 9.2% |
| Financial fixed assets28 | €30,294 | €80,294 | €80,294 | €80,294 | €80,294 | = |
| Current assets29/58 | €504,244 | €317,297 | €299,577 | €302,951 | €276,559 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €43,243 | €19,916 | €9,759 | €8,977 | €3,041 | ▼ 66.1% |
| Trade receivables40 | €43,243 | €19,601 | €8,175 | €5,528 | - | - |
| Other amounts receivable41 | - | €315 | €1,584 | €3,449 | €3,041 | ▼ 11.8% |
| Current investments50/53 | - | - | €225,000 | €230,000 | €230,000 | = |
| Cash at bank and in hand54/58 | €458,760 | €294,257 | €62,191 | €60,626 | €35,324 | ▼ 41.7% |
| Deferred charges and accrued income490/1 | €2,242 | €3,124 | €2,627 | €3,347 | €8,194 | ▲ 145% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €654,985 | €497,888 | €439,908 | €416,240 | €385,052 | ▼ 7.5% |
| Equity10/15 | €541,516 | €443,391 | €404,937 | €389,060 | €356,714 | ▼ 8.3% |
| Contributions10/11 | €18,700 | €18,700 | €18,700 | €18,700 | €18,700 | = |
| Reserves13 | €522,816 | €424,691 | €386,237 | €370,360 | €338,014 | ▼ 8.7% |
| Non-distributable reserves130/1 | €47,325 | €36,870 | - | - | - | - |
| Reserves not available under the articles1311 | €47,325 | €36,870 | - | - | - | - |
| Tax-exempt reserves132 | €25,251 | €25,251 | €25,251 | €25,251 | €25,251 | = |
| Distributable reserves133 | €450,241 | €362,570 | €360,986 | €345,109 | €312,763 | ▼ 9.4% |
| Profit (loss) carried forward14 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €113,469 | €54,497 | €34,971 | €27,180 | €28,338 | ▲ 4.3% |
| Amounts payable within one year42/48 | €113,469 | €54,497 | €33,866 | €25,410 | €28,338 | ▲ 11.5% |
| Trade debts44 | €7,749 | €1,946 | €565 | €945 | €10,035 | ▲ 962% |
| Suppliers440/4 | €7,749 | €1,946 | €565 | €945 | €10,035 | ▲ 962% |
| Advances received on contracts in progress46 | €39,738 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €41,823 | €32,664 | €3,688 | €1,850 | €819 | ▼ 55.7% |
| Taxes450/3 | €41,823 | €32,664 | €3,688 | €1,850 | €819 | ▼ 55.7% |
| Other amounts payable47/48 | €24,159 | €19,887 | €29,614 | €22,615 | €17,484 | ▼ 22.7% |
| Accrued charges and deferred income492/3 | - | - | €1,105 | €1,770 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,879 | -€49,034 | -€33,000 | -€14,159 | -€30,680 | ▼ 117% |
| + Depreciation and write-downs630 | €23,222 | €39,599 | €40,260 | €27,042 | €5,895 | ▼ 78.2% |
| Operating cash flow (approximation) | €181,101 | -€9,435 | €7,260 | €12,883 | -€24,786 | ▼ 292% |
| Investment in fixed assets (approximation) | - | -€69,449 | €0 | €0 | -€1,098 | - |
| Change in cash | - | -€164,503 | -€232,066 | -€1,564 | -€25,302 | ▼ 1,517% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €157,879 ▲81.2%
Operating result €236,194, net result €157,879, both a record.
31-12
Financial
Equity above €500,000Eq €541,516 ▲40.6%
3 profitable years in a row build equity to €541,516.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 110 days late
2019
31-12
Financial
Back to profitnet €24,654
Net result €24,654 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2013
20-08
State Gazette act
General meeting · Capital increase
Share issue · Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Zemst · 1 establishment unit since 2002
Ground area
1,324 m²
Building footprint
176 m²
Parcel 23096D0230/00L002, Flanders. Linked by address, not a title deed.
1 establishment unit
Schaliënhofstraat 4, 1980 Zemst
since 20022.100.537.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23096D0230/00L002 | Flanders | 1,324 m² | 1 · 176 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
0.73%
According to the 2021 annual accounts of MAVELKI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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DEMAN INVEST
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 37,127 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
Founded30-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476786573
Registered
29-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.