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Mawaw

Active
Private limited companyfounded 20224 yrs activeTunnelplaats 1, 2000 Antwerpen, BelgiumKBO/BCE: BE 0779.622.157
Summary

Mawaw has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,471 and a net result of -€8,741. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability60▼-40
Solvency94▼-6
Growth52=
Track record94
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 4.23 in 2024; short-term debt: 22.4% and cash: 32.7% of total assets), and 30.7% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
69.3%
Return on assets
-6.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
27 d late
2024
28 d early
2023
50 d late
2022
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 8 September (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 January 2022, Mawaw was incorporated as a Private limited company.1 Total assets went from EUR 88,356 in 2022 to EUR 129,183 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€89,471▼ 38.7%
2024 · €145,862
Total assets
€129,183▼ 32.7%
2024 · €191,835
Net result
-€8,741
2024 · €48,945
Working capital
€39,987▼ 51.0%
2024 · €81,606
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€73,568-€70,144▼ 4.7%€65,467▼ 6.7%-€8,557
Net result€51,603above the sector's middle half-€48,615above the sector's middle half▼ 5.8%€48,945above the sector's middle half▲ 0.7%-€8,741below the sector's middle half
Equity€50,903within the sector's middle half-€98,218within the sector's middle half▲ 93.0%€145,862within the sector's middle half▲ 48.5%€89,471within the sector's middle half▼ 38.7%
Total assets€88,356within the sector's middle half-€194,762within the sector's middle half▲ 120%€191,835within the sector's middle half▼ 1.5%€129,183within the sector's middle half▼ 32.7%
Debt€37,453-€96,545▲ 158%€45,972▼ 52.4%€39,712▼ 13.6%
Working capital€50,903within the sector's middle half-€56,809within the sector's middle half▲ 11.6%€81,606within the sector's middle half▲ 43.6%€39,987within the sector's middle half▼ 51.0%
Solvency57.6%within the sector's middle half-50.4%within the sector's middle half▼ 7.2pp76.0%within the sector's middle half▲ 25.6pp69.3%within the sector's middle half▼ 6.8pp
Current ratio2.36within the sector's middle half-2.69within the sector's middle half▲ 0.344.23within the sector's middle half▲ 1.532.38within the sector's middle half▼ 1.84
Return on assets (ROA)58.4%above the sector's middle half-25.0%within the sector's middle half▼ 33.4pp25.5%within the sector's middle half▲ 0.6pp-6.8%below the sector's middle half▼ 32.3pp
above within below the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2022: €73,568€73,568Net result 2022: €51,603€51,603Operating result 2023: €70,144€70,144Net result 2023: €48,615€48,615Operating result 2024: €65,467€65,467Net result 2024: €48,945€48,945Operating result 2025: -€8,557-€8,557Net result 2025: -€8,741-€8,7412022202320242025-€20,000€0€20,000€40,000€60,000€80,000Operating result 2023: €70,144€70,100Net result 2023: €48,615€48,600Operating result 2024: €65,467€65,500Net result 2024: €48,945€48,900Operating result 2025: -€8,557-€8,560Net result 2025: -€8,741-€8,740202320242025
The operating result turns negative in 2025: a loss of €8,557 after €65,467 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129,183
Fixed assets €60,317 ▼ 29.0%
Current assets €68,866 ▼ 35.6%
Equity and liabilities €129,183
Equity €89,471 ▼ 38.7%
Debt €39,712 ▼ 13.6%
Debt's share of the balance-sheet total rises from 24.0% to 30.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€17,117▼
2024 · €90,444
Cash flow
€16,933▼
2024 · €73,921
Debt to equity
0.44▲
2024 · 0.32
ROE
-9.8%▼
2024 · 33.6%
Interest coverage
136.83▲
2024 · 31.04
Debt ≤ 1 year
€28,879▲
2024 · €25,274
Income taxes
€251▼
2024 · €13,608
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.2% went bankrupt
5.9% stopped otherwise
92% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 2,146 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€191,835€129,183▼
Fixed assets21/28€84,954€60,317▼
Tangible fixed assets22/27€84,954€60,317▼
Plant, machinery and equipment23€1,859€1,394▼
Furniture and vehicles24€83,095€58,923▼
Current assets29/58€106,881€68,866▼
Amounts receivable within one year40/41€16,906€26,670▲
Trade receivables40€16,906€16,940▲
Other amounts receivable41-€9,730
Cash at bank and in hand54/58€89,975€42,196▼
Equity and liabilities
Total equity and liabilities10/49€191,835€129,183▼
Equity10/15€145,862€89,471▼
Contributions10/11€100€100=
Reserves13€98,100€98,100=
Distributable reserves133€98,100€98,100=
Profit (loss) carried forward14€47,662-€8,729▼
Amounts payable17/49€45,972€39,712▼
Amounts payable within one year42/48€25,274€28,879▲
Trade debts44€510€1,268▲
Suppliers440/4€510€1,268▲
Taxes, remuneration and social security45€23,811€11,327▼
Taxes450/3€21,104€8,607▼
Remuneration and social security454/9€2,706€2,720▲
Other amounts payable47/48€954€16,285▲
Accrued charges and deferred income492/3€20,698€10,833▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,976€25,674▲
Other operating charges640/8€377€813▲
Gross operating margin9900€90,820€17,930▼
Operating profit (loss)9901€65,467-€8,557▼
Financial income75/76B€0€193▲
Recurring financial income75€0€193▲
Financial charges65/66B€2,914€125▼
Recurring financial charges65€2,914€125▼
Profit (loss) for the period before taxes9903€62,553-€8,489▼
Income taxes67/77€13,608€251▼
Profit (loss) for the period9904€48,945-€8,741▼
Profit (loss) for the period to be appropriated9905€48,945-€8,741▼
Appropriation of the result
Profit (loss) to be appropriated9906€48,962€38,921▼
Profit (loss) brought forward from the previous period14P€18€47,662▲
Profit to be distributed694/7€1,300€47,650▲
Return on contributions (dividend)694€800€47,650▲
Directors or managers695€500-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€15,778€24,976€25,674▲ 2.8%
Other operating charges640/8€591€238€377€813▲ 116%
Gross operating margin9900€74,160€86,160€90,820€17,930▼ 80.3%
Operating profit (loss)9901€73,568€70,144€65,467-€8,557▼ 113%
Financial income75/76B-€0€0€193▲ 1,930,400%
Recurring financial income75-€0€0€193▲ 1,930,400%
Financial charges65/66B€585€2,266€2,914€125▼ 95.7%
Recurring financial charges65€585€2,266€2,914€125▼ 95.7%
Profit (loss) for the period before taxes9903€72,983€67,878€62,553-€8,489▼ 114%
Income taxes67/77€21,380€19,264€13,608€251▼ 98.2%
Profit (loss) for the period9904€51,603€48,615€48,945-€8,741▼ 118%
Profit (loss) for the period to be appropriated9905€51,603€48,615€48,945-€8,741▼ 118%
Line2022202320242025Change
Assets
Total assets20/58€88,356€194,762€191,835€129,183▼ 32.7%
Fixed assets21/28-€104,429€84,954€60,317▼ 29.0%
Tangible fixed assets22/27-€104,429€84,954€60,317▼ 29.0%
Plant, machinery and equipment23--€1,859€1,394▼ 25.0%
Furniture and vehicles24-€104,429€83,095€58,923▼ 29.1%
Current assets29/58€88,356€90,334€106,881€68,866▼ 35.6%
Amounts receivable within one year40/41€33,880€33,880€16,906€26,670▲ 57.8%
Trade receivables40€33,880€33,880€16,906€16,940▲ 0.2%
Other amounts receivable41---€9,730-
Cash at bank and in hand54/58€54,476€55,318€89,975€42,196▼ 53.1%
Deferred charges and accrued income490/1-€1,136---
Equity and liabilities
Total equity and liabilities10/49€88,356€194,762€191,835€129,183▼ 32.7%
Equity10/15€50,903€98,218€145,862€89,471▼ 38.7%
Contributions10/11€100€100€100€100=
Reserves13€50,800€98,100€98,100€98,100=
Distributable reserves133€50,800€98,100€98,100€98,100=
Profit (loss) carried forward14€3€18€47,662-€8,729▼ 118%
Amounts payable17/49€37,453€96,545€45,972€39,712▼ 13.6%
Amounts payable after more than one year17-€50,000---
Financial debts170/4-€50,000---
Amounts payable within one year42/48€37,453€33,524€25,274€28,879▲ 14.3%
Trade debts44€3,065€1,400€510€1,268▲ 149%
Suppliers440/4€3,065€1,400€510€1,268▲ 149%
Taxes, remuneration and social security45€33,361€30,366€23,811€11,327▼ 52.4%
Taxes450/3€29,690€27,803€21,104€8,607▼ 59.2%
Remuneration and social security454/9€3,671€2,563€2,706€2,720▲ 0.5%
Other amounts payable47/48€1,027€1,759€954€16,285▲ 1,607%
Accrued charges and deferred income492/3-€13,020€20,698€10,833▼ 47.7%
Line2022202320242025Change
Profit (loss) for the period9904€51,603€48,615€48,945-€8,741▼ 118%
+ Depreciation and write-downs630-€15,778€24,976€25,674▲ 2.8%
Operating cash flow (approximation)€51,603€64,392€73,921€16,933▼ 77.1%
Investment in fixed assets (approximation)---€5,502-€1,037▲ 81.1%
Change in cash-€841€34,658-€47,779▼ 238%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial Weakest financial yearnet -€8,741
Net result drops to -€8,741, the lowest in the series.
03-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €100,000Eq €145,862 ▲48.5%
3 profitable years in a row build equity to €145,862.
19-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial 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, Antwerpen · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
330 m²
Building footprint
330 m²
Volume, LiDAR
7,517 m³
Parcel 11802B0316/00G000, Flanders · tallest building 25.7 m, ±8 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
Mawaw
Tunnelplaats 1, 2000 AntwerpenActivities of head offices; management consultancy activities
since 20222.326.380.001
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11802B0316/00G000 Flanders 330 m² 1 · 330 m² 25.7 m · 8 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.

Similar companies · same sector, comparable size

Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. 3,027 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
Founded04-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
59201Sound recording
73300Public relations and communication consultancy
85599Other education
90399Other support activities for arts and performing arts
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779622157
Also 9925:BE0779622157
Registered 13-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.