MAVIC
ActiveSummary
MAVIC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €923,844 and a net result of €47,943. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 94% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 6.57 against 6.89 in 2024; short-term debt: 11.5% and cash: 75.2% of total assets), and 11.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.5%
Return on assets
4.6%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
55 d early
2023
7 d late
2022
7 d late
2021
5 d early
2020
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
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, abbreviated schema
Equity
€923,844▲ 5.5%
2024 · €875,901
Total assets
€1.0m▲ 7.4%
2024 · €971,752
Net result
€47,943▼ 72.8%
2024 · €176,550
Working capital
€665,076▲ 17.7%
2024 · €564,858
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation 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€206,641€500,596▲ 142%€317,227▼ 36.6%€258,991▼ 18.4%€73,769▼ 71.5%
Net result€145,681above the sector's middle half€338,949above the sector's middle half▲ 133%€231,531above the sector's middle half▼ 31.7%€176,550above the sector's middle half▼ 23.7%€47,943within the sector's middle half▼ 72.8%
Equity€128,870above the sector's middle half€467,819above the sector's middle half▲ 263%€699,351above the sector's middle half▲ 49.5%€875,901above the sector's middle half▲ 25.2%€923,844above the sector's middle half▲ 5.5%
Total assets€525,571above the sector's middle half▲ 31.3%€1.0mabove the sector's middle half▲ 94.1%€818,398above the sector's middle half▼ 19.8%€971,752above the sector's middle half▲ 18.7%€1.0mwithin the sector's middle half▲ 7.4%
Debt€396,701▼ 4.9%€552,286▲ 39.2%€119,047▼ 78.4%€95,851▼ 19.5%€119,492▲ 24.7%
Working capital-€201,130below the sector's middle half▲ 48.0%€127,819above the sector's middle half€411,851above the sector's middle half▲ 222%€564,858above the sector's middle half▲ 37.2%€665,076above the sector's middle half▲ 17.7%
Solvency24.5%within the sector's middle half▲ 28.7pp45.9%within the sector's middle half▲ 21.3pp85.5%above the sector's middle half▲ 39.6pp90.1%above the sector's middle half▲ 4.7pp88.5%above the sector's middle half▼ 1.6pp
Current ratio0.49within the sector's middle half▲ 0.421.23within the sector's middle half▲ 0.744.46above the sector's middle half▲ 3.236.89above the sector's middle half▲ 2.436.57above the sector's middle half▼ 0.33
Return on assets (ROA)27.7%above the sector's middle half▲ 32.7pp33.2%above the sector's middle half▲ 5.5pp28.3%above the sector's middle half▼ 4.9pp18.2%above the sector's middle half▼ 10.1pp4.6%within the sector's middle half▼ 13.6pp
Staff (FTE)0.10.80.7below the sector's middle half▼ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -73% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 72% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€258,768 ▼ 16.8%
Current assets
€784,568 ▲ 18.7%
Equity and liabilities €1.0m
Equity
€923,844 ▲ 5.5%
Debt
€119,492 ▲ 24.7%
Debt's share of the balance-sheet total rises from 9.9% to 11.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€145,038▼
2024 · €319,862
Cash flow
€119,212▼
2024 · €237,421
Debt to equity
0.13▲
2024 · 0.11
ROE
5.2%▼
2024 · 20.2%
Interest coverage
167.17▼
2024 · 7312.79
Debt ≤ 1 year
€119,492▲
2024 · €95,851
Income taxes
€24,959▼
2024 · €82,397
Staff costs
€20,186▲
2024 · €17,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
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 0.5% 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 5,049 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,666 | €16,071 | €14,289 | €17,549 | €20,186 | ▲ 15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,000 | €52,500 | €52,500 | €60,870 | €71,269 | ▲ 17.1% |
| Other operating charges640/8 | €466 | €444 | €1,562 | €1,031 | €400 | ▼ 61.2% |
| Gross operating margin9900 | €250,773 | €569,611 | €385,578 | €338,442 | €165,624 | ▼ 51.1% |
| Operating profit (loss)9901 | €206,641 | €500,596 | €317,227 | €258,991 | €73,769 | ▼ 71.5% |
| Financial charges65/66B | €116 | €109 | €114 | €44 | €868 | ▲ 1,884% |
| Recurring financial charges65 | €116 | €109 | €114 | €44 | €868 | ▲ 1,884% |
| Profit (loss) for the period before taxes9903 | €206,525 | €500,487 | €317,113 | €258,948 | €72,902 | ▼ 71.8% |
| Income taxes67/77 | €60,843 | €161,538 | €85,582 | €82,397 | €24,959 | ▼ 69.7% |
| Profit (loss) for the period9904 | €145,681 | €338,949 | €231,531 | €176,550 | €47,943 | ▼ 72.8% |
| Profit (loss) for the period to be appropriated9905 | €145,681 | €338,949 | €231,531 | €176,550 | €47,943 | ▼ 72.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525,571 | €1.0m | €818,398 | €971,752 | €1.0m | ▲ 7.4% |
| Fixed assets21/28 | €330,000 | €340,000 | €287,500 | €311,043 | €258,768 | ▼ 16.8% |
| Tangible fixed assets22/27 | €330,000 | €340,000 | €287,500 | €311,043 | €249,206 | ▼ 19.9% |
| Plant, machinery and equipment23 | €330,000 | €300,000 | €257,500 | €220,712 | €180,615 | ▼ 18.2% |
| Furniture and vehicles24 | - | €40,000 | €30,000 | €90,331 | €68,591 | ▼ 24.1% |
| Financial fixed assets28 | - | - | - | - | €9,563 | - |
| Current assets29/58 | €195,571 | €680,105 | €530,898 | €660,709 | €784,568 | ▲ 18.7% |
| Amounts receivable within one year40/41 | - | €290 | €2,483 | €1,182 | - | - |
| Trade receivables40 | - | €290 | - | - | - | - |
| Other amounts receivable41 | - | - | €2,483 | €1,182 | - | - |
| Cash at bank and in hand54/58 | €195,571 | €679,815 | €528,167 | €659,527 | €784,333 | ▲ 18.9% |
| Deferred charges and accrued income490/1 | - | - | €248 | - | €235 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525,571 | €1.0m | €818,398 | €971,752 | €1.0m | ▲ 7.4% |
| Equity10/15 | €128,870 | €467,819 | €699,351 | €875,901 | €923,844 | ▲ 5.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Issued capital100 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €125,870 | €464,819 | €696,351 | €872,901 | €920,844 | ▲ 5.5% |
| Distributable reserves133 | €125,870 | €464,819 | €696,351 | €872,901 | €920,844 | ▲ 5.5% |
| Amounts payable17/49 | €396,701 | €552,286 | €119,047 | €95,851 | €119,492 | ▲ 24.7% |
| Amounts payable within one year42/48 | €396,701 | €552,286 | €119,047 | €95,851 | €119,492 | ▲ 24.7% |
| Trade debts44 | €681 | - | €2,885 | €65 | €2,004 | ▲ 3,005% |
| Suppliers440/4 | €681 | - | €2,885 | €65 | €2,004 | ▲ 3,005% |
| Taxes, remuneration and social security45 | €70,938 | €234,219 | €116,162 | €95,787 | €117,170 | ▲ 22.3% |
| Taxes450/3 | €68,761 | €232,779 | €114,042 | €94,989 | €115,993 | ▲ 22.1% |
| Remuneration and social security454/9 | €2,177 | €1,439 | €2,120 | €798 | €1,177 | ▲ 47.5% |
| Other amounts payable47/48 | €325,081 | €318,067 | - | - | €318 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145,681 | €338,949 | €231,531 | €176,550 | €47,943 | ▼ 72.8% |
| + Depreciation and write-downs630 | €40,000 | €52,500 | €52,500 | €60,870 | €71,269 | ▲ 17.1% |
| Operating cash flow (approximation) | €185,681 | €391,449 | €284,031 | €237,421 | €119,212 | ▼ 49.8% |
| Investment in fixed assets (approximation) | - | -€62,500 | €0 | -€84,413 | -€18,994 | ▲ 77.5% |
| Change in cash | - | €484,245 | -€151,648 | €131,360 | €124,805 | ▼ 5.0% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 4.46
Current ratio from 1.23 to 4.46; short-term debt falls from €552,286 to €119,047.
31-12
Financial
Equity above €500,000Eq €699,351 ▲49.5%
3 profitable years in a row build equity to €699,351.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Highest result since 2020net €338,949 ▲133%
Operating result €500,596, net result €338,949, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.23
Current ratio from 0.49 to 1.23.
31-12
Financial
Equity above €200,000Eq €467,819 ▲263%
2 profitable years in a row build equity to €467,819.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €145,681
Net result €145,681 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €128,870
Equity rises from -€16,812 to €128,870.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Machelen (Brab.) · 1 establishment unit since 2020
Ground area
1,639 m²
Building footprint
573 m²
Volume, LiDAR
3,091 m³
Parcel 23047B0012/00E000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MAVIC
since 20202.299.766.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047B0012/00E000 | Flanders | 1,639 m² | 1 · 573 m² | 6.8 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.
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Of 1,033 companies in sector 93291 we hold annual accounts for 161. 80 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
Founded21-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
93291Operation of fairground attractions
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743959118
Also
9925:BE0743959118
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.