MAVESTE
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
30 d early
2023
1 d early
2022
28 d early
2021
4 d early
2020
25 d early
2019
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.1m▲ 1,499%
2024 · €194,828
Total assets
€3.8m▲ 1,641%
2024 · €215,511
Net result
€2.9m▲ 20,560%
2024 · €14,140
Working capital
€3.1m▲ 3,367%
2024 · €89,828
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
Line20212022202320242025
Operating result€28,536▼ 42.4%€104,990▲ 268%€29,668▼ 71.7%€20,715▼ 30.2%-€44,760
Net result€19,220▼ 42.6%€91,397▲ 376%€44,650▼ 51.1%€14,140▼ 68.3%€2.9m▲ 20,560%
Equity€63,442▼ 44.5%€154,038▲ 143%€180,688▲ 17.3%€194,828▲ 7.8%€3.1m▲ 1,499%
Total assets€185,544▼ 10.0%€194,316▲ 4.7%€219,022▲ 12.7%€215,511▼ 1.6%€3.8m▲ 1,641%
Debt€122,103▲ 32.8%€40,278▼ 67.0%€38,334▼ 4.8%€20,683▼ 46.0%€636,286▲ 2,976%
Working capital-€41,558€49,038€75,688▲ 54.3%€89,828▲ 18.7%€3.1m▲ 3,367%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +20,560%, Equity +1,499%, Total assets +1,641% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €44,760 after €20,715 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€1,577 ▼ 98.5%
Current assets
€3.8m ▲ 3,294%
Equity and liabilities €3.8m
Equity
€3.1m ▲ 1,499%
Debt
€636,286 ▲ 2,976%
Debt's share of the balance-sheet total rises from 9.6% to 17.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€44,479
Cash flow
€2.9m
Current ratio
5.89▲
2024 · 5.34
Debt to equity
0.20▲
2024 · 0.11
ROE
93.7%▲
2024 · 7.3%
ROA
77.9%▲
2024 · 6.6%
Interest coverage
-0.08
Debt ≤ 1 year
€636,286▲
2024 · €20,683
Income taxes
€292,256▲
2024 · €5,877
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,143 | - | - | - | €281 | - |
| Other operating charges640/8 | - | €1,103 | €1,077 | €869 | €1,093 | ▲ 25.8% |
| Gross operating margin9900 | €36,644 | €106,093 | €30,745 | €21,584 | -€43,386 | ▼ 301% |
| Operating profit (loss)9901 | €28,536 | €104,990 | €29,668 | €20,715 | -€44,760 | ▼ 316% |
| Financial income75/76B | - | €15,000 | €22,400 | - | €3.8m | - |
| Recurring financial income75 | - | €15,000 | €22,400 | - | €3.8m | - |
| Financial charges65/66B | - | €538 | €531 | €699 | €572,261 | ▲ 81,772% |
| Recurring financial charges65 | €544 | €538 | €531 | €699 | €572,261 | ▲ 81,772% |
| Profit (loss) for the period before taxes9903 | €27,991 | €119,452 | €51,537 | €20,016 | €3.2m | ▲ 15,954% |
| Income taxes67/77 | €8,771 | €28,055 | €6,887 | €5,877 | €292,256 | ▲ 4,873% |
| Profit (loss) for the period9904 | €19,220 | €91,397 | €44,650 | €14,140 | €2.9m | ▲ 20,560% |
| Profit (loss) for the period to be appropriated9905 | €19,220 | €91,397 | €44,650 | €14,140 | €2.9m | ▲ 20,560% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185,544 | €194,316 | €219,022 | €215,511 | €3.8m | ▲ 1,641% |
| Fixed assets21/28 | €105,000 | €105,000 | €105,000 | €105,000 | €1,577 | ▼ 98.5% |
| Tangible fixed assets22/27 | - | - | - | - | €1,577 | - |
| Other tangible fixed assets26 | - | - | - | - | €1,577 | - |
| Financial fixed assets28 | €105,000 | €105,000 | €105,000 | €105,000 | - | - |
| Current assets29/58 | €80,544 | €89,316 | €114,022 | €110,511 | €3.8m | ▲ 3,294% |
| Amounts receivable after more than one year29 | - | €48,500 | €48,500 | €48,500 | €48,500 | = |
| Other amounts receivable291 | - | €48,500 | €48,500 | €48,500 | €48,500 | = |
| Amounts receivable within one year40/41 | €23,329 | €30,528 | €36,103 | €15,618 | €2.3m | ▲ 14,318% |
| Trade receivables40 | - | €30,528 | €25,490 | €11,495 | - | - |
| Other amounts receivable41 | - | - | €10,613 | €4,123 | €2.3m | ▲ 54,511% |
| Current investments50/53 | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €7,687 | €9,605 | €28,926 | €44,659 | €447,528 | ▲ 902% |
| Deferred charges and accrued income490/1 | - | €684 | €493 | €1,734 | €2,954 | ▲ 70.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185,544 | €194,316 | €219,022 | €215,511 | €3.8m | ▲ 1,641% |
| Equity10/15 | €63,442 | €154,038 | €180,688 | €194,828 | €3.1m | ▲ 1,499% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €44,842 | €135,438 | €162,088 | €176,228 | €3.1m | ▲ 1,658% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €133,578 | €160,228 | €176,228 | €3.1m | ▲ 1,658% |
| Amounts payable17/49 | €122,103 | €40,278 | €38,334 | €20,683 | €636,286 | ▲ 2,976% |
| Amounts payable within one year42/48 | €122,103 | €40,278 | €38,334 | €20,683 | €636,286 | ▲ 2,976% |
| Current portion of amounts payable after more than one year42 | - | €220 | - | - | - | - |
| Financial debts43 | - | €7,521 | €7,532 | €7,541 | - | - |
| Credit institutions430/8 | - | €7,521 | €7,532 | €7,541 | - | - |
| Trade debts44 | €1,193 | €5,808 | €3,444 | €2,088 | €353,922 | ▲ 16,853% |
| Suppliers440/4 | - | €5,808 | €3,444 | €2,088 | €353,922 | ▲ 16,853% |
| Taxes, remuneration and social security45 | - | €19,560 | €8,848 | €4,727 | €282,365 | ▲ 5,874% |
| Taxes450/3 | - | €13,886 | €8,848 | €4,727 | €282,365 | ▲ 5,874% |
| Remuneration and social security454/9 | - | €5,674 | - | - | - | - |
| Other amounts payable47/48 | - | €7,169 | €18,510 | €6,328 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,220 | €91,397 | €44,650 | €14,140 | €2.9m | ▲ 20,560% |
| + Depreciation and write-downs630 | €7,143 | - | - | - | €281 | - |
| Operating cash flow (approximation) | €26,363 | €91,397 | €44,650 | €14,140 | €2.9m | ▲ 20,562% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €103,143 | - |
| Change in cash | - | €1,918 | €19,321 | €15,733 | €402,869 | ▲ 2,461% |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €2.9m ▲20,560%
Net result €2.9m, the highest in the series.
31-03
Financial
Equity above €2mEq €3.1m ▲1,499%
7 profitable years in a row build equity to €3.1m.
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €14,140 ▼68.3%
Net result drops to €14,140, the lowest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.66 to 2.22; short-term debt falls from €122,103 to €40,278.
31-03
Financial
Equity above €150,000Eq €154,038 ▲143%
4 profitable years in a row build equity to €154,038.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2024 list no shareholders, and no other source names one.
Holdings 1
-
30%
According to the annual accounts to 31-03-2024 of MAVESTE 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.