MAYARD
ActiveSummary
MAYARD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-7
Solvency26▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.61 in 2024; short-term debt: 59% and cash: 0.1% of total assets), and 98.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9194 sector peers (2025).
NBB · sector comparisonPosition among 9194 sector peers
Solvency
better than 19%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
2 d early
2022
5 d early
2021
9 d early
2020
8 d early
2019
46 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€38k▼ 9.6%
2024 · €42k
2018: €5k
2019: €3k
2020: €-3k
2021: €-17k
2022: €-109k
2023: €8k
2024: €42k
2018 → 2025
Total assets
€2.68M▼ 2.4%
2024 · €2.74M
2018: €5k
2019: €3k
2020: €607k
2021: €3.73M
2022: €3.31M
2023: €3.23M
2024: €2.74M
2018 → 2025
Net result
€-4k
2024 · €34k
2018: €-1k
2019: €-2k
2020: €-6k
2021: €-15k
2022: €-92k
2023: €118k
2024: €34k
2018 → 2025
Working capital
€510k▼ 51.1%
2024 · €1.04M
2020: €131k
2021: €487k
2022: €1.26M
2023: €1.54M
2024: €1.04M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-17k-€-109k▼ 534%€8k€42k▲ 397%€38k▼ 9.6%
Operating result€-12k-€-89k▼ 624%€118k€46k▼ 60.5%€25k▼ 47.0%
Net result€-15k-€-92k▼ 527%€118k€34k▼ 71.5%€-4k
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 has fallen two years in a row; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.68M
Fixed assets
€588k
Current assets
€2.09M
Equity and liabilities €2.68M
Equity
€38k ▼ 9.6%
Debt
€2.64M ▼ 2.3%
Debt's share of the balance-sheet total rises from 98.5% to 98.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52k
Cash flow
€23k
Current ratio
1.32▼
2024 · 1.61
Quick ratio
0.04▲
2024 · 0.02
Debt to equity
69.42▲
2024 · 64.25
ROE
-10.6%▼
2024 · 79.9%
ROA
-0.2%▼
2024 · 1.2%
Interest coverage
1.82
Debt ≤ 1 year
€1.58M▼
2024 · €1.70M
Debt > 1 year
€1.06M▲
2024 · €996k
Income taxes
€0▼
2024 · €12k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.74M€2.68M▼
Fixed assets21/28-€588k
Tangible fixed assets22/27-€588k
Land and buildings22-€588k
Current assets29/58€2.74M€2.09M▼
Stocks and contracts in progress3€2.70M€2.03M▼
Stocks30/36€2.70M€2.03M▼
Amounts receivable within one year40/41€38k€56k▲
Trade receivables40€38k€33k▼
Other amounts receivable41€0€24k▲
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1-€238
Equity and liabilities
Total equity and liabilities10/49€2.74M€2.68M▼
Equity10/15€42k€38k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€36k€32k▼
Amounts payable17/49€2.70M€2.64M▼
Amounts payable after more than one year17€996k€1.06M▲
Financial debts170/4€996k€1.06M▲
Amounts payable within one year42/48€1.70M€1.58M▼
Current portion of amounts payable after more than one year42€29k€58k▲
Financial debts43€919k€617k▼
Credit institutions430/8€919k€617k▼
Trade debts44€25k€41k▲
Suppliers440/4€25k€41k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€723k€861k▲
Accrued charges and deferred income492/3€5k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€27k
Other operating charges640/8€141€2k▲
Gross operating margin9900€47k€54k▲
Operating profit (loss)9901€46k€25k▼
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€4k€29k▲
Recurring financial charges65€4k€29k▲
Profit (loss) for the period before taxes9903€45k€-4k▼
Income taxes67/77€12k€0▼
Profit (loss) for the period9904€34k€-4k▼
Profit (loss) for the period to be appropriated9905€34k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€32k▼
Profit (loss) brought forward from the previous period14P€2k€36k▲
The notes to these accounts (16 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €118k
Net result €118k after 5 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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 2017
Ground area
2,715 m²
Building footprint
267 m²
Volume, LiDAR
2,164 m³
Parcel 44809I0161/00L000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Mayard
since 20172.266.276.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0161/00L000 | Flanders | 2,715 m² | 1 · 267 m² | 13.3 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
GRARD-ALAIMO
BE 0740.446.728
Mons · Eq €38,021
Vicus Vastgoed
BE 0642.939.061
Gent · Eq €38,042
NEXTHOUSE
BE 0782.233.833
Gent · Eq €38,101
HET KAPITTELHOF
BE 0471.411.288
Roeselare · Eq €37,942
Quatras
BE 0866.518.420
Geel · Eq €38,197
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,058 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 formPrivate limited company
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.