MAVICO
ActiveSummary
MAVICO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€11,839) and a net result of €12,210. Equity is shrinking by ~30% per year across the filed fiscal years. Its solvency ranks better than 18% of 1452 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+14
Solvency24▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.09 in 2024; short-term debt: 8.8% and cash: 0.4% of total assets), and equity is negative.
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
1.3%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1452 sector peers (2025).
NBB · sector comparisonPosition among 1452 sector peers
Solvency
better than 18%
← weakest
strongest →
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 18-09-2025, 43 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
43 d early
2024
301 d late
2023
6 d late
2022
24 d late
2021
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed 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. Usually files around 6 November (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,210
2024 · -€15,471
Working capital
-€79,398▼ 2.9%
2024 · -€77,167
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€1,978-€10,256▲ 419%€9,673▼ 5.7%€9,045▼ 6.5%€36,377▲ 302%
Net result-€5,857below the sector's middle half--€2,290below the sector's middle half▲ 60.9%-€3,431below the sector's middle half▼ 49.8%-€15,471below the sector's middle half▼ 351%€12,210within the sector's middle half
Equity-€2,857below the sector's middle half--€5,148below the sector's middle half▼ 80.2%-€8,579below the sector's middle half▼ 66.7%-€24,050below the sector's middle half▼ 180%-€11,839below the sector's middle half▲ 50.8%
Total assets€728,895above the sector's middle half-€705,126above the sector's middle half▼ 3.3%€1.0mabove the sector's middle half▲ 45.4%€996,788above the sector's middle half▼ 2.8%€957,732within the sector's middle half▼ 3.9%
Debt€731,753-€710,274▼ 2.9%€1.0m▲ 45.6%€1.0m▼ 1.3%€969,571▼ 5.0%
Working capital-€37,691below the sector's middle half--€52,296below the sector's middle half▼ 38.7%-€225,630below the sector's middle half▼ 331%-€77,167below the sector's middle half▲ 65.8%-€79,398below the sector's middle half▼ 2.9%
Solvency-0.4%below the sector's middle half--0.7%below the sector's middle half▼ 0.3pp-0.8%below the sector's middle half▼ 0.1pp-2.4%below the sector's middle half▼ 1.6pp-1.2%below the sector's middle half▲ 1.2pp
Current ratio0.37below the sector's middle half-0.26below the sector's middle half▼ 0.110.47below the sector's middle half▲ 0.210.09below the sector's middle half▼ 0.390.06below the sector's middle half▼ 0.03
Return on assets (ROA)-0.8%below the sector's middle half--0.3%below the sector's middle half▲ 0.5pp-0.3%below the sector's middle half=-1.6%below the sector's middle half▼ 1.2pp1.3%within the sector's middle half▲ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 302% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €957,732
Fixed assets
€952,653 ▼ 3.7%
Current assets
€5,079 ▼ 29.5%
Key figures and ratios
EBITDA
€73,306▲
2024 · €44,399
Cash flow
€49,140▲
2024 · €19,883
Debt to equity
-81.89▼
2024 · -42.45
Interest coverage
3.03▲
2024 · 1.81
Debt ≤ 1 year
€84,477▲
2024 · €84,371
Debt > 1 year
€885,094▼
2024 · €936,466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 457 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 457 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 | €11,172 | €23,263 | €25,542 | €35,354 | €36,930 | ▲ 4.5% |
| Other operating charges640/8 | - | €11,466 | €2,087 | €3,653 | €1,800 | ▼ 50.7% |
| Gross operating margin9900 | €26,144 | €44,985 | €37,303 | €48,052 | €75,106 | ▲ 56.3% |
| Operating profit (loss)9901 | €1,978 | €10,256 | €9,673 | €9,045 | €36,377 | ▲ 302% |
| Financial income75/76B | - | - | €92 | - | - | - |
| Recurring financial income75 | - | - | €92 | - | - | - |
| Financial charges65/66B | - | €12,546 | €13,197 | €24,516 | €24,166 | ▼ 1.4% |
| Recurring financial charges65 | €7,835 | €12,546 | €13,197 | €24,516 | €24,166 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | -€5,857 | -€2,290 | -€3,431 | -€15,471 | €12,210 | ▲ 179% |
| Profit (loss) for the period9904 | -€5,857 | -€2,290 | -€3,431 | -€15,471 | €12,210 | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | -€5,857 | -€2,290 | -€3,431 | -€15,471 | €12,210 | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €728,895 | €705,126 | €1.0m | €996,788 | €957,732 | ▼ 3.9% |
| Fixed assets21/28 | €707,223 | €686,986 | €823,903 | €989,583 | €952,653 | ▼ 3.7% |
| Tangible fixed assets22/27 | €707,223 | €686,986 | €823,903 | €989,583 | €952,653 | ▼ 3.7% |
| Land and buildings22 | - | €629,940 | €614,088 | €598,236 | €582,385 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €52,833 | €207,579 | €390,693 | €370,269 | ▼ 5.2% |
| Furniture and vehicles24 | - | €4,214 | €2,237 | €654 | - | - |
| Current assets29/58 | €21,672 | €18,140 | €201,344 | €7,205 | €5,079 | ▼ 29.5% |
| Amounts receivable within one year40/41 | €6,005 | €11,394 | €169,451 | €6,618 | €1,210 | ▼ 81.7% |
| Trade receivables40 | - | €8,349 | €162,598 | - | €1,210 | - |
| Other amounts receivable41 | - | €3,045 | €6,853 | €6,618 | - | - |
| Cash at bank and in hand54/58 | €15,668 | €6,538 | €31,800 | €587 | €3,869 | ▲ 559% |
| Deferred charges and accrued income490/1 | - | €208 | €93 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €728,895 | €705,126 | €1.0m | €996,788 | €957,732 | ▼ 3.9% |
| Equity10/15 | -€2,857 | -€5,148 | -€8,579 | -€24,050 | -€11,839 | ▲ 50.8% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€5,857 | -€8,148 | -€11,579 | -€27,050 | -€14,839 | ▲ 45.1% |
| Amounts payable17/49 | €731,753 | €710,274 | €1.0m | €1.0m | €969,571 | ▼ 5.0% |
| Amounts payable after more than one year17 | €672,389 | €639,838 | €606,853 | €936,466 | €885,094 | ▼ 5.5% |
| Financial debts170/4 | - | €639,838 | €606,853 | €936,466 | €885,094 | ▼ 5.5% |
| Amounts payable within one year42/48 | €59,364 | €70,435 | €426,974 | €84,371 | €84,477 | ▲ 0.1% |
| Current portion of amounts payable after more than one year42 | - | €32,676 | €191,518 | €48,333 | €50,985 | ▲ 5.5% |
| Trade debts44 | €140 | €3,235 | €194,620 | €9,400 | €176 | ▼ 98.1% |
| Suppliers440/4 | - | €3,235 | €194,620 | €9,400 | €176 | ▼ 98.1% |
| Taxes, remuneration and social security45 | - | €987 | - | €10,561 | €1,863 | ▼ 82.4% |
| Taxes450/3 | - | €987 | - | €10,561 | €1,863 | ▼ 82.4% |
| Other amounts payable47/48 | - | €33,538 | €40,836 | €16,078 | €31,454 | ▲ 95.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,857 | -€2,290 | -€3,431 | -€15,471 | €12,210 | ▲ 179% |
| + Depreciation and write-downs630 | €11,172 | €23,263 | €25,542 | €35,354 | €36,930 | ▲ 4.5% |
| Operating cash flow (approximation) | €5,315 | €20,973 | €22,111 | €19,883 | €49,140 | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€3,026 | -€162,459 | -€201,034 | €0 | ▲ 100% |
| Change in cash | - | -€9,130 | €25,262 | -€31,213 | €3,282 | ▲ 111% |
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
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 301 days late
31-03
Financial
Back to profitnet €12,210
Net result €12,210 after 4 loss-making years.
2024
31-03
Financial
Weakest financial yearnet -€15,471
Net result drops to -€15,471, the lowest in the series; recovery starts the following year.
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2021
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Sint-Pieters-Woluwe · 1 establishment unit since 2019
Ground area
458 m²
Building footprint
200 m²
Volume, LiDAR
3,040 m³
2 parcels, Brussels · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MAVICO
since 20192.296.502.615
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0350/00D003 | Brussels | 246 m² | 1 · 84 m² | 11.3 m · 3 fl. |
| 21673D0135/00W003 | Brussels | 212 m² | 1 · 116 m² | 23.4 m · 7 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 30,008 companies in sector 62200 we hold annual accounts for 18,398. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-12-2019
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738668955
Also
9925:BE0738668955
Registered
12-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.