MAWYC III
ActiveSummary
MAWYC III has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.73M and a net result of €-192k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-8
Solvency84▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.09 in 2024; short-term debt: 36.8% and cash: 2.4% of total assets), and 40.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
59.1%
Return on assets
-4.2%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-192k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
14 d early
2023
1 d early
2022
8 d early
2021
3 d early
2020
24 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.73M▼ 6.6%
2024 · €2.93M
2019: €3.51M
2020: €3.41M
2021: €3.29M
2022: €3.21M
2023: €3.05M
2024: €2.93M
2019 → 2025
Total assets
€4.62M▼ 2.2%
2024 · €4.73M
2019: €6.37M
2020: €5.70M
2021: €5.28M
2022: €5.15M
2023: €4.90M
2024: €4.73M
2019 → 2025
Net result
€-192k▼ 57.3%
2024 · €-122k
2019: €-89k
2020: €-104k
2021: €-117k
2022: €-83k
2023: €-160k
2024: €-122k
2019 → 2025
Working capital
€-1.56M▼ 15.7%
2024 · €-1.35M
2019: €-1.00M
2020: €-834k
2021: €-937k
2022: €-1.28M
2023: €-1.23M
2024: €-1.35M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.29M-€3.21M▼ 2.5%€3.05M▼ 5.0%€2.93M▼ 4.0%€2.73M▼ 6.6%
Operating result€-84k-€-41k▲ 50.8%€-132k▼ 220%€-97k▲ 26.3%€-169k▼ 74.2%
Net result€-117k-€-83k▲ 29.7%€-160k▼ 93.1%€-122k▲ 23.4%€-192k▼ 57.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €169k in 2025 against €97k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.62M
Fixed assets
€4.48M ▼ 2.4%
Current assets
€143k ▲ 4.0%
Equity and liabilities €4.62M
Equity
€2.73M ▼ 6.6%
Debt
€1.89M ▲ 4.8%
Debt's share of the balance-sheet total rises from 38.1% to 40.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-53k▼
2024 · €20k
Cash flow
€-76k▼
2024 · €-5k
Current ratio
0.08▼
2024 · 0.09
Debt to equity
0.69▲
2024 · 0.62
ROE
-7.0%▼
2024 · -4.2%
ROA
-4.2%▼
2024 · -2.6%
Interest coverage
-2.10▼
2024 · 0.72
Debt ≤ 1 year
€1.70M▲
2024 · €1.48M
Debt > 1 year
€190k▼
2024 · €285k
Income taxes
€459▼
2024 · €797
Staff costs
€64k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.73M€4.62M▼
Fixed assets21/28€4.59M€4.48M▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€3.28M€3.16M▼
Land and buildings22€3.25M€3.16M▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€21k€5k▼
Financial fixed assets28€1.31M€1.32M▲
Current assets29/58€137k€143k▲
Amounts receivable within one year40/41€11k€31k▲
Trade receivables40-€28k
Other amounts receivable41€11k€2k▼
Cash at bank and in hand54/58€112k€112k▼
Deferred charges and accrued income490/1€14k€0▼
Equity and liabilities
Total equity and liabilities10/49€4.73M€4.62M▼
Equity10/15€2.93M€2.73M▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Revaluation surpluses12€2.60M€2.50M▼
Reserves13€204k€108k▼
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€191k€95k▼
Amounts payable17/49€1.80M€1.89M▲
Amounts payable after more than one year17€285k€190k▼
Financial debts170/4€285k€190k▼
Amounts payable within one year42/48€1.48M€1.70M▲
Current portion of amounts payable after more than one year42€95k€95k=
Trade debts44€56k€20k▼
Suppliers440/4€56k€20k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€898€1k▲
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€1.33M€1.58M▲
Accrued charges and deferred income492/3€36k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€63k€64k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€116k▼
Other operating charges640/8€33k€34k▲
Gross operating margin9900€115k€45k▼
Operating profit (loss)9901€-97k€-169k▼
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€27k€25k▼
Recurring financial charges65€27k€25k▼
Profit (loss) for the period before taxes9903€-121k€-192k▼
Income taxes67/77€797€459▼
Profit (loss) for the period9904€-122k€-192k▼
Profit (loss) for the period to be appropriated9905€-122k€-192k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-122k€-192k▼
Transfer from equity791/2€122k€192k▲
Social balance
Average headcount (FTE)90871.31.3=
The notes to these accounts (18 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-192k
Net result drops to €-192k, the lowest in the series.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2006
09-06
State Gazette act
General meeting · Director appointment
Board meeting · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Gent · 1 establishment unit since 2006
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.
Afrikalaan 2879000 GentGround area
4,096 m²
Building footprint
694 m²
Volume, LiDAR
4,100 m³
Parcel 44807G0695/00X004, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAWYC III
since 20062.153.887.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0695/00X004 | Flanders | 4,096 m² | 1 · 694 m² | 10.3 m · 2 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 293 EUR awarded · 293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 293 EUR | 293 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 2,376 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-04-2006
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.