MAWINI
ActiveSummary
MAWINI has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,259 and a net result of €28,657. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 26% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+7
Solvency49▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.71 in 2024; short-term debt: 46% and cash: 1.4% of total assets), and 75.7% of the assets are financed with debt.
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Signals
Six 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
24.3%
Return on assets
8.9%
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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
26 d late
2022
31 d late
2011
58 d late
2008
122 d late
2007
57 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 50 days after 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 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€78,259▲ 57.8%
2024 · €49,602
Total assets
€322,084▲ 1.0%
2024 · €318,979
Net result
€28,657▲ 159%
2024 · €11,068
Working capital
-€35,893▲ 7.8%
2024 · -€38,925
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line2022202320242025
Operating result€30,331-€7,260▼ 76.1%€17,830▲ 146%€40,762▲ 129%
Net result€23,609within the sector's middle half-€4,009within the sector's middle half▼ 83.0%€11,068within the sector's middle half▲ 176%€28,657within the sector's middle half▲ 159%
Equity€34,525within the sector's middle half-€38,534within the sector's middle half▲ 11.6%€49,602within the sector's middle half▲ 28.7%€78,259within the sector's middle half▲ 57.8%
Total assets€435,583above the sector's middle half-€347,540above the sector's middle half▼ 20.2%€318,979above the sector's middle half▼ 8.2%€322,084above the sector's middle half▲ 1.0%
Debt€401,058-€309,006▼ 23.0%€269,377▼ 12.8%€243,825▼ 9.5%
Working capital-€92,086below the sector's middle half--€59,298below the sector's middle half▲ 35.6%-€38,925below the sector's middle half▲ 34.4%-€35,893below the sector's middle half▲ 7.8%
Solvency7.9%below the sector's middle half-11.1%below the sector's middle half▲ 3.2pp15.6%below the sector's middle half▲ 4.5pp24.3%within the sector's middle half▲ 8.7pp
Current ratio0.56below the sector's middle half-0.64below the sector's middle half▲ 0.070.71below the sector's middle half▲ 0.070.76below the sector's middle half▲ 0.05
Return on assets (ROA)5.4%within the sector's middle half-1.2%within the sector's middle half▼ 4.3pp3.5%within the sector's middle half▲ 2.3pp8.9%within the sector's middle half▲ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 129% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322,084
Fixed assets
€209,701 ▼ 6.5%
Current assets
€112,384 ▲ 18.6%
Equity and liabilities €322,084
Equity
€78,259 ▲ 57.8%
Debt
€243,825 ▼ 9.5%
Debt's share of the balance-sheet total falls from 84.4% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,409▲
2024 · €36,220
Cash flow
€47,304▲
2024 · €29,459
Debt to equity
3.12▼
2024 · 5.43
ROE
36.6%▲
2024 · 22.3%
Interest coverage
41.19▲
2024 · 12.54
Debt ≤ 1 year
€148,276▲
2024 · €133,678
Debt > 1 year
€95,549▼
2024 · €131,338
Income taxes
€10,900▲
2024 · €4,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
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 1.1% 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 497,338 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 5,053 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €13,267 | €2,944 | - | - |
| Remuneration, social security and pensions62 | €121 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,706 | €21,884 | €18,390 | €18,648 | ▲ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €200 | -€8,918 | -€200 | €16,215 | ▲ 8,225% |
| Other operating charges640/8 | €11,829 | €21,085 | €3,591 | €3,521 | ▼ 1.9% |
| Gross operating margin9900 | €67,187 | €41,311 | €39,611 | €79,145 | ▲ 99.8% |
| Operating profit (loss)9901 | €30,331 | €7,260 | €17,830 | €40,762 | ▲ 129% |
| Financial income75/76B | €278 | €295 | €127 | €238 | ▲ 86.9% |
| Recurring financial income75 | €278 | €295 | €127 | €238 | ▲ 86.9% |
| Financial charges65/66B | €3,186 | €1,956 | €2,889 | €1,442 | ▼ 50.1% |
| Recurring financial charges65 | €3,186 | €1,956 | €2,889 | €1,442 | ▼ 50.1% |
| Profit (loss) for the period before taxes9903 | €27,423 | €5,599 | €15,068 | €39,557 | ▲ 163% |
| Income taxes67/77 | €3,814 | €1,591 | €4,000 | €10,900 | ▲ 173% |
| Profit (loss) for the period9904 | €23,609 | €4,009 | €11,068 | €28,657 | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €23,609 | €4,009 | €11,068 | €28,657 | ▲ 159% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €435,583 | €347,540 | €318,979 | €322,084 | ▲ 1.0% |
| Fixed assets21/28 | €317,538 | €243,938 | €224,225 | €209,701 | ▼ 6.5% |
| Tangible fixed assets22/27 | €308,290 | €234,690 | €214,978 | €200,453 | ▼ 6.8% |
| Land and buildings22 | €261,819 | €199,707 | €193,437 | €187,167 | ▼ 3.2% |
| Plant, machinery and equipment23 | €4,906 | €2,984 | €2,307 | €1,073 | ▼ 53.5% |
| Furniture and vehicles24 | €2,638 | €3,368 | €898 | €4,173 | ▲ 365% |
| Leasing and similar rights25 | €38,927 | €28,631 | €18,335 | €8,039 | ▼ 56.2% |
| Financial fixed assets28 | €9,248 | €9,248 | €9,248 | €9,248 | = |
| Current assets29/58 | €118,045 | €103,602 | €94,754 | €112,384 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €101,686 | €72,806 | €80,761 | €106,763 | ▲ 32.2% |
| Trade receivables40 | €98,816 | €67,143 | €72,898 | €100,677 | ▲ 38.1% |
| Other amounts receivable41 | €2,870 | €5,664 | €7,863 | €6,086 | ▼ 22.6% |
| Cash at bank and in hand54/58 | €11,536 | €30,555 | €11,808 | €4,523 | ▼ 61.7% |
| Deferred charges and accrued income490/1 | €4,823 | €241 | €2,185 | €1,097 | ▼ 49.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €435,583 | €347,540 | €318,979 | €322,084 | ▲ 1.0% |
| Equity10/15 | €34,525 | €38,534 | €49,602 | €78,259 | ▲ 57.8% |
| Contributions10/11 | €350 | €350 | €350 | €350 | = |
| Reserves13 | €7,976 | €7,976 | €7,976 | €7,976 | = |
| Non-distributable reserves130/1 | €35 | €35 | €35 | €35 | = |
| Reserves not available under the articles1311 | €35 | €35 | €35 | €35 | = |
| Distributable reserves133 | €7,941 | €7,941 | €7,941 | €7,941 | = |
| Profit (loss) carried forward14 | €26,199 | €30,208 | €41,276 | €69,933 | ▲ 69.4% |
| Amounts payable17/49 | €401,058 | €309,006 | €269,377 | €243,825 | ▼ 9.5% |
| Amounts payable after more than one year17 | €190,927 | €146,106 | €131,338 | €95,549 | ▼ 27.2% |
| Financial debts170/4 | €190,927 | €146,106 | €129,938 | €94,149 | ▼ 27.5% |
| Other amounts payable178/9 | - | - | €1,400 | €1,400 | = |
| Amounts payable within one year42/48 | €210,131 | €162,900 | €133,678 | €148,276 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | €46,891 | €61,370 | €46,518 | €51,139 | ▲ 9.9% |
| Trade debts44 | €76,847 | €46,612 | €48,376 | €53,747 | ▲ 11.1% |
| Suppliers440/4 | €76,847 | €46,612 | €48,376 | €53,747 | ▲ 11.1% |
| Advances received on contracts in progress46 | €15,662 | €3,021 | - | - | - |
| Taxes, remuneration and social security45 | €6,151 | €6,796 | €5,761 | €14,900 | ▲ 159% |
| Taxes450/3 | €6,151 | €6,796 | €5,761 | €14,900 | ▲ 159% |
| Other amounts payable47/48 | €64,580 | €45,101 | €33,024 | €28,490 | ▼ 13.7% |
| Accrued charges and deferred income492/3 | - | - | €4,361 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,609 | €4,009 | €11,068 | €28,657 | ▲ 159% |
| + Depreciation and write-downs630 | €24,706 | €21,884 | €18,390 | €18,648 | ▲ 1.4% |
| Operating cash flow (approximation) | €48,315 | €25,893 | €29,459 | €47,304 | ▲ 60.6% |
| Investment in fixed assets (approximation) | - | €51,717 | €1,322 | -€4,123 | ▼ 412% |
| Change in cash | - | €19,019 | -€18,748 | -€7,285 | ▲ 61.1% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2022net €28,657 ▲159%
Operating result €40,762, net result €28,657, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €4,009 ▼83%
Net result drops to €4,009, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2012
27-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 58 days late
2009
30-11
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 122 days late
2008
26-09
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 57 days late
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, Profondeville · 2 establishment units since 2006
Ground area
4,315 m²
Building footprint
515 m²
Volume, LiDAR
3,290 m³
3 parcels, Wallonia · tallest building 16.1 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
XAEQUO
since 20062.161.747.938
Mamamia
since 20192.286.097.582
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92014B0089/00R000indicative | Wallonia | 4,123 m² | 1 · 266 m² | 9.2 m · 2 fl. |
| 92101B0013/00B002 | Wallonia | 117 m² | 1 · 177 m² | 3.5 m · 1 fl. |
| 91034G0161/00R000 | Wallonia | 75 m² | 1 · 71 m² | 16.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteProfondeville2.161.747.938
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,665 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
Founded12-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
01110Growing of cereals (except rice), leguminous crops and oil seeds
43120Site preparation
43990Other specialised construction activities
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884208745
Also
9925:BE0884208745
Registered
18-05-2026
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.