MAW
ActiveMAW has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €8k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 95% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+17
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 9.12 against 5.23 in 2024; short-term debt: 4.9% and cash: 42.3% of total assets), and 4.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
95.1%
Return on assets
4.3%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
41 d early
2023
41 d early
2022
47 d early
2021
38 d early
2020
46 d early
2019
45 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▲ 4.8%
2024 · €159k
2018: €179k
2019: €185k
2020: €205k
2021: €204k
2022: €182k
2023: €175k
2024: €159k
2018 → 2025
Total assets
€175k▲ 3.5%
2024 · €169k
2018: €210k
2019: €215k
2020: €236k
2021: €251k
2022: €219k
2023: €200k
2024: €169k
2018 → 2025
Net result
€8k
2024 · €-16k
2018: €-8k
2019: €6k
2020: €20k
2021: €-1k
2022: €-22k
2023: €-7k
2024: €-16k
2018 → 2025
Working capital
€70k▲ 60.4%
2024 · €43k
2018: €12k
2019: €29k
2020: €47k
2021: €43k
2022: €35k
2023: €42k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€204k-€182k▼ 10.7%€175k▼ 4.0%€159k▼ 9.1%€167k▲ 4.8%
Operating result€770-€-21k€-7k▲ 68.0%€-16k▼ 132%€9k
Net result€-1k-€-22k▼ 1,561%€-7k▲ 66.9%€-16k▼ 120%€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €16k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€97k▼ 16.1%
Current assets
€78k▲ 45.7%
Equity and liabilities €175k
Equity
€167k▲ 4.8%
Debt
€9k▼ 16.4%
The debt ratio falls from 6.1% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2024 · €5k
Cash flow
€26k▲
2024 · €4k
Solvency
95.1%▲
2024 · 93.9%
Current ratio
9.12▲
2024 · 5.23
Quick ratio
9.12▲
2024 · 5.23
Debt / equity
0.05▼
2024 · 0.06
ROE
4.6%▲
2024 · -10.0%
ROA
4.3%▲
2024 · -9.4%
Interest coverage
169.88▲
2024 · 18.35
Debt
€9k▼
2024 · €10k
Debt ≤ 1 year
€9k▼
2024 · €10k
Income taxes
€950▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€169k€175k▲
Fixed assets21/28€116k€97k▼
Tangible fixed assets22/27€115k€97k▼
Land and buildings22€105k€92k▼
Plant, machinery and equipment23€325€0▼
Furniture and vehicles24€10k€5k▼
Financial fixed assets28€200€200=
Current assets29/58€54k€78k▲
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€4k€4k▲
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€44k€74k▲
Deferred charges and accrued income490/1€3k€109▼
Equity and liabilities
Total equity and liabilities10/49€169k€175k▲
Equity10/15€159k€167k▲
Contributions10/11€6k€6k=
Reserves13€41k€49k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€22k€29k▲
Profit (loss) carried forward14€112k€112k=
Amounts payable17/49€10k€9k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€10k€9k▼
Current portion of amounts payable after more than one year42€1k€0▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€1k€4k▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼
Other operating charges640/8€2k€907▼
Gross operating margin9900€6k€28k▲
Operating profit (loss)9901€-16k€9k▲
Financial income75/76B€164€16▼
Recurring financial income75€164€16▼
Financial charges65/66B€256€161▼
Recurring financial charges65€256€161▼
Profit (loss) for the period before taxes9903€-16k€9k▲
Income taxes67/77€174€950▲
Profit (loss) for the period9904€-16k€8k▲
Profit (loss) for the period to be appropriated9905€-16k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€119k▲
Profit (loss) brought forward from the previous period14P€128k€112k▼
Transfer to equity691/2-€8k
To other reserves6921-€8k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after 4 loss-making years.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €20k ▲231%
Operating result €25k, net result €20k, both a record.
31-12
Financial
Equity above €200kEq €205k ▲10.8%
2 profitable years in a row build equity to €205k.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Watermaal-Bosvoorde · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gemeentelijke Godshuisstraat 2251170 Watermaal-BosvoordeGround area
135 m²
Building footprint
58 m²
Volume, LiDAR
432 m³
Parcel 21652E0203/00V000, Brussels · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAW
since 20052.150.287.189
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0203/00V000 | Brussels | 135 m² | 1 · 58 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
EHS VERWARMING
BE 0695.597.094
Gent · Eq €167k
ANDRE D.
BE 0882.286.066
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HARONDAK
BE 0479.792.187
Nieuwerkerken (Limb.) · Eq €168k
B-Logro
BE 0746.355.810
Maldegem · Eq €169k
Domger
BE 0794.568.966
Bornem · Eq €164k
Of 1,365 companies in sector 43110 we hold annual accounts for 632. 502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2005
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
45111
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.