MAVI GROUP
Judicial reorganisationSummary
The file of MAVI GROUP contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The annual accounts of MAVI GROUP for fiscal year 2025 show a net loss of 101% of the equity at the start of that year. The 2025 annual accounts show equity of €1k and a net result of €-24k. Equity is shrinking by ~22.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▼-88
Solvency26▼-18
Growth32▼-46
Track record42
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.94 against 1.22 in 2024; short-term debt: 99.3% and cash: 0% of total assets), and 99.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
26 d late
2023
96 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 94.5%
2024 · €24k
2023: €2k
2024: €24k▲ +902% vs 2023highest in 3 years
2025: €1k▼ -94.5% vs 2024lowest in 3 years
2023 → 2025
Total assets
€187k▲ 53.0%
2024 · €122k
2023: €11klowest in 3 years
2024: €122k▲ +1041% vs 2023
2025: €187k▲ +53.0% vs 2024highest in 3 years
2023 → 2025
Net result
€-24k
2024 · €21k
2023: €2k
2024: €21k▲ +802% vs 2023highest in 3 years
2025: €-24k▼ -212% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-11k
2024 · €21k
2023: €-2k
2024: €21k▲ +1343% vs 2023highest in 3 years
2025: €-11k▼ -150% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€2k-€24k▲ 902%€1k▼ 94.5%
2023: €2k
2024: €24k▲ +902% vs 2023highest in 3 years
2025: €1k▼ -94.5% vs 2024lowest in 3 years
Operating result€3k-€28k▲ 806%€-27k
2023: €3k
2024: €28k▲ +806% vs 2023highest in 3 years
2025: €-27k▼ -198% vs 2024lowest in 3 years
Net result€2k-€21k▲ 802%€-24k
2023: €2k
2024: €21k▲ +802% vs 2023highest in 3 years
2025: €-24k▼ -212% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €28k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€12k ▲ 349%
Current assets
€175k ▲ 46.5%
Equity and liabilities €187k
Equity
€1k ▼ 94.5%
Debt
€185k ▲ 88.7%
Debt's share of the balance-sheet total rises from 80.5% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-26k▼
2024 · €29k
Cash flow
€-22k▼
2024 · €23k
Current ratio
0.94▼
2024 · 1.22
ROA
-12.8%▼
2024 · 17.5%
Interest coverage
-30.18▼
2024 · 85.36
Debt ≤ 1 year
€185k▲
2024 · €98k
Staff costs
€345k▲
2024 · €218k
A ratio outside any meaningful range has been withheld (balance sheet total €187k, equity €1k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€122k€187k▲
Fixed assets21/28€3k€12k▲
Tangible fixed assets22/27€3k€12k▲
Plant, machinery and equipment23€1k€524▼
Furniture and vehicles24€2k€11k▲
Current assets29/58€119k€175k▲
Amounts receivable within one year40/41€119k€175k▲
Trade receivables40€49k€68k▲
Other amounts receivable41€70k€107k▲
Cash at bank and in hand54/58-€15
Deferred charges and accrued income490/1€124€93▼
Equity and liabilities
Total equity and liabilities10/49€122k€187k▲
Equity10/15€24k€1k▼
Contributions10/11€0€2k▲
Profit (loss) carried forward14€24k€-195▼
Amounts payable17/49€98k€185k▲
Amounts payable within one year42/48€98k€185k▲
Trade debts44€16k€11k▼
Suppliers440/4€16k€11k▼
Taxes, remuneration and social security45€83k€175k▲
Taxes450/3€9k€16k▲
Remuneration and social security454/9€74k€159k▲
Income statement
Code20242025
Remuneration, social security and pensions62€218k€345k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€2k€793▼
Gross operating margin9900€249k€320k▲
Operating profit (loss)9901€28k€-27k▼
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€345€853▲
Recurring financial charges65€345€853▲
Profit (loss) for the period before taxes9903€28k€-24k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€21k€-24k▼
Profit (loss) for the period to be appropriated9905€21k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€-195▼
Profit (loss) brought forward from the previous period14P€2k€24k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6k | €218k | €345k | ▲ 58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €229 | €1k | €2k | ▲ 18.4% |
| Other operating charges640/8 | - | €2k | €793 | ▼ 48.4% |
| Gross operating margin9900 | €10k | €249k | €320k | ▲ 28.5% |
| Operating profit (loss)9901 | €3k | €28k | €-27k | ▼ 198% |
| Financial income75/76B | - | €0 | €4k | ▲ 43,389,900% |
| Recurring financial income75 | - | €0 | €4k | ▲ 43,389,900% |
| Financial charges65/66B | - | €345 | €853 | ▲ 147% |
| Recurring financial charges65 | - | €345 | €853 | ▲ 147% |
| Profit (loss) for the period before taxes9903 | €3k | €28k | €-24k | ▼ 187% |
| Income taxes67/77 | €720 | €6k | - | - |
| Profit (loss) for the period9904 | €2k | €21k | €-24k | ▼ 212% |
| Profit (loss) for the period to be appropriated9905 | €2k | €21k | €-24k | ▼ 212% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11k | €122k | €187k | ▲ 53.0% |
| Fixed assets21/28 | €4k | €3k | €12k | ▲ 349% |
| Tangible fixed assets22/27 | €4k | €3k | €12k | ▲ 349% |
| Plant, machinery and equipment23 | €2k | €1k | €524 | ▼ 53.4% |
| Furniture and vehicles24 | €2k | €2k | €11k | ▲ 648% |
| Current assets29/58 | €7k | €119k | €175k | ▲ 46.5% |
| Amounts receivable within one year40/41 | €5k | €119k | €175k | ▲ 46.5% |
| Trade receivables40 | €3k | €49k | €68k | ▲ 38.7% |
| Other amounts receivable41 | €2k | €70k | €107k | ▲ 52.0% |
| Cash at bank and in hand54/58 | €2k | - | €15 | - |
| Deferred charges and accrued income490/1 | - | €124 | €93 | ▼ 24.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11k | €122k | €187k | ▲ 53.0% |
| Equity10/15 | €2k | €24k | €1k | ▼ 94.5% |
| Contributions10/11 | €0 | €0 | €2k | - |
| Profit (loss) carried forward14 | €2k | €24k | €-195 | ▼ 101% |
| Amounts payable17/49 | €8k | €98k | €185k | ▲ 88.7% |
| Amounts payable within one year42/48 | €8k | €98k | €185k | ▲ 88.7% |
| Trade debts44 | €4k | €16k | €11k | ▼ 32.4% |
| Suppliers440/4 | €4k | €16k | €11k | ▼ 32.4% |
| Taxes, remuneration and social security45 | €4k | €83k | €175k | ▲ 111% |
| Taxes450/3 | €720 | €9k | €16k | ▲ 80.9% |
| Remuneration and social security454/9 | €3k | €74k | €159k | ▲ 115% |
| Other amounts payable47/48 | €534 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €21k | €-24k | ▼ 212% |
| + Depreciation and write-downs630 | €229 | €1k | €2k | ▲ 18.4% |
| Operating cash flow (approximation) | €3k | €23k | €-22k | ▼ 198% |
| Investment in fixed assets (approximation) | - | €0 | €-11k | - |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
16-09
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · collective agreement · event 10-09-2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2023net €21k ▲802%
Operating result €28k, net result €21k, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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, Zaventem · 1 establishment unit since 2023
Ground area
531 m²
Building footprint
397 m²
Volume, LiDAR
3,453 m³
2 parcels, Brussels, Flanders · tallest building 20.3 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Liedtsplein 6, 1030 Schaarbeek
since 20232.351.188.344
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082B0420/00H000 | Flanders | 294 m² | 1 · 158 m² | 11.7 m · 3 fl. |
| 21910E0182/00D010 | Brussels | 237 m² | 1 · 239 m² | 20.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,135 companies in sector 43910 we hold annual accounts for 5,489. 563 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
Founded20-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43990Other specialised construction activities
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Contact
E-mail
mavigroup.info@gmail.com
Phone
+32465123037
Scores and ratios are computed by Checked and are not a credit decision.