MAYBELLE
ActiveSummary
MAYBELLE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €-12k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+3
Solvency49▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.44 against 0.44 in 2024; short-term debt: 59.4% and cash: 4.1% of total assets), and 76.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
23.6%
Return on assets
-5.7%
Age of the figures
9 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
1819202122232425
2018 to 2025 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
2023
33 d early
2022
32 d early
2021
24 d late
2020
27 d late
2019
1 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▼ 19.3%
2024 · €64k
2018: €73k
2019: €75k▲ +2.7% vs 2018
2020: €81k▲ +7.5% vs 2019
2021: €65k▼ -19.5% vs 2020
2022: €86k▲ +31.7% vs 2021highest in 8 years
2023: €80k▼ -6.5% vs 2022
2024: €64k▼ -20.4% vs 2023
2025: €51k▼ -19.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€218k▼ 0.3%
2024 · €218k
2018: €234k
2019: €283k▲ +20.7% vs 2018
2020: €204k▼ -28.0% vs 2019lowest in 8 years
2021: €390k▲ +91.8% vs 2020highest in 8 years
2022: €234k▼ -40.2% vs 2021
2023: €234k● -0.0% vs 2022
2024: €218k▼ -6.6% vs 2023
2025: €218k▼ -0.3% vs 2024
2018 → 2025
Net result
€-12k▲ 24.5%
2024 · €-16k
2018: €15k
2019: €2k▼ -86.5% vs 2018
2020: €6k▲ +184% vs 2019
2021: €-16k▼ -378% vs 2020
2022: €21k▲ +231% vs 2021highest in 8 years
2023: €-6k▼ -127% vs 2022
2024: €-16k▼ -191% vs 2023lowest in 8 years
2025: €-12k▲ +24.5% vs 2024
2018 → 2025
Working capital
€-72k▼ 15.2%
2024 · €-63k
2018: €217k
2019: €128k▼ -41.0% vs 2018
2020: €70k▼ -45.6% vs 2019
2021: €220k▲ +216% vs 2020highest in 8 years
2022: €-16k▼ -107% vs 2021
2023: €-39k▼ -140% vs 2022
2024: €-63k▼ -62.0% vs 2023
2025: €-72k▼ -15.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€86k▲ 31.7%€80k▼ 6.5%€64k▼ 20.4%€51k▼ 19.3%
2021: €65k
2022: €86k▲ +31.7% vs 2021highest in 5 years
2023: €80k▼ -6.5% vs 2022
2024: €64k▼ -20.4% vs 2023
2025: €51k▼ -19.3% vs 2024lowest in 5 years
Operating result€-9k-€35k€2k▼ 93.8%€-10k€-10k▼ 7.7%
2021: €-9k
2022: €35k▲ +474% vs 2021highest in 5 years
2023: €2k▼ -93.8% vs 2022
2024: €-10k▼ -544% vs 2023
2025: €-10k▼ -7.7% vs 2024lowest in 5 years
Net result€-16k-€21k€-6k€-16k▼ 191%€-12k▲ 24.5%
2021: €-16k
2022: €21k▲ +231% vs 2021highest in 5 years
2023: €-6k▼ -127% vs 2022
2024: €-16k▼ -191% vs 2023lowest in 5 years
2025: €-12k▲ +24.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €10k 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 €218k
Fixed assets
€160k ▼ 4.8%
Current assets
€57k ▲ 15.0%
Equity and liabilities €218k
Equity
€51k ▼ 19.3%
Debt
€166k ▲ 7.6%
Debt's share of the balance-sheet total rises from 70.8% to 76.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▼
2024 · €-2k
Cash flow
€-4k▲
2024 · €-9k
Current ratio
0.44▼
2024 · 0.44
Quick ratio
0.23▲
2024 · 0.23
Debt to equity
3.23▲
2024 · 2.42
ROE
-24.0%▲
2024 · -25.6%
ROA
-5.7%▲
2024 · -7.5%
Interest coverage
-1.18▼
2024 · -0.30
Debt ≤ 1 year
€129k▲
2024 · €112k
Debt > 1 year
€34k▼
2024 · €39k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€218k€218k▼
Fixed assets21/28€168k€160k▼
Tangible fixed assets22/27€168k€160k▼
Land and buildings22€167k€159k▼
Plant, machinery and equipment23€2k€1k▼
Current assets29/58€50k€57k▲
Stocks and contracts in progress3€24k€27k▲
Stocks30/36€24k€27k▲
Amounts receivable within one year40/41€3k€21k▲
Trade receivables40€596€20k▲
Other amounts receivable41€2k€230▼
Cash at bank and in hand54/58€23k€9k▼
Deferred charges and accrued income490/1-€217
Equity and liabilities
Total equity and liabilities10/49€218k€218k▼
Equity10/15€64k€51k▼
Contributions10/11€75k€75k=
Profit (loss) carried forward14€-11k€-24k▼
Amounts payable17/49€154k€166k▲
Amounts payable after more than one year17€39k€34k▼
Financial debts170/4€39k€34k▼
Amounts payable within one year42/48€112k€129k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44-€11k
Suppliers440/4-€11k
Taxes, remuneration and social security45€2k€57▼
Taxes450/3€2k€57▼
Other amounts payable47/48€106k€113k▲
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€960€990▲
Gross operating margin9900€-1k€-1k▼
Operating profit (loss)9901€-10k€-10k▼
Financial income75/76B€30€0▼
Recurring financial income75€30€0▼
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€-16k€-12k▲
Profit (loss) for the period9904€-16k€-12k▲
Profit (loss) for the period to be appropriated9905€-16k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€-24k▼
Profit (loss) brought forward from the previous period14P€5k€-11k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €794 | €5k | €8k | €8k | ▲ 5.8% |
| Other operating charges640/8 | €523 | €20k | €1k | €960 | €990 | ▲ 3.1% |
| Non-recurring operating charges66A | - | €9k | - | - | - | - |
| Gross operating margin9900 | €-6k | €64k | €9k | €-1k | €-1k | ▼ 26.0% |
| Operating profit (loss)9901 | €-9k | €35k | €2k | €-10k | €-10k | ▼ 7.7% |
| Financial income75/76B | €1k | €103 | €0 | €30 | €0 | ▼ 100.0% |
| Recurring financial income75 | €1k | €103 | €0 | €30 | €0 | ▼ 100.0% |
| Financial charges65/66B | €8k | €9k | €8k | €7k | €2k | ▼ 70.8% |
| Recurring financial charges65 | €8k | €9k | €8k | €7k | €2k | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | €-16k | €25k | €-6k | €-16k | €-12k | ▲ 24.5% |
| Income taxes67/77 | - | €5k | €22 | - | - | - |
| Profit (loss) for the period9904 | €-16k | €21k | €-6k | €-16k | €-12k | ▲ 24.5% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €21k | €-6k | €-16k | €-12k | ▲ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390k | €234k | €234k | €218k | €218k | ▼ 0.3% |
| Fixed assets21/28 | €9k | €151k | €166k | €168k | €160k | ▼ 4.8% |
| Tangible fixed assets22/27 | €9k | €151k | €166k | €168k | €160k | ▼ 4.8% |
| Land and buildings22 | - | €148k | €164k | €167k | €159k | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €1k | ▼ 34.3% |
| Furniture and vehicles24 | €100 | - | - | - | - | - |
| Other tangible fixed assets26 | €9k | - | - | - | - | - |
| Current assets29/58 | €382k | €83k | €67k | €50k | €57k | ▲ 15.0% |
| Stocks and contracts in progress3 | €260k | - | €27k | €24k | €27k | ▲ 12.3% |
| Stocks30/36 | €260k | - | €27k | €24k | €27k | ▲ 12.3% |
| Amounts receivable within one year40/41 | €5k | €913 | €4k | €3k | €21k | ▲ 690% |
| Trade receivables40 | - | - | €441 | €596 | €20k | ▲ 3,310% |
| Other amounts receivable41 | €5k | €913 | €3k | €2k | €230 | ▼ 88.5% |
| Cash at bank and in hand54/58 | €114k | €81k | €34k | €23k | €9k | ▼ 60.4% |
| Deferred charges and accrued income490/1 | €3k | €1k | €1k | - | €217 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390k | €234k | €234k | €218k | €218k | ▼ 0.3% |
| Equity10/15 | €65k | €86k | €80k | €64k | €51k | ▼ 19.3% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Profit (loss) carried forward14 | €-10k | €11k | €5k | €-11k | €-24k | ▼ 109% |
| Amounts payable17/49 | €326k | €148k | €154k | €154k | €166k | ▲ 7.6% |
| Amounts payable after more than one year17 | €164k | €49k | €44k | €39k | €34k | ▼ 13.4% |
| Financial debts170/4 | €164k | €49k | €44k | €39k | €34k | ▼ 13.4% |
| Amounts payable within one year42/48 | €162k | €99k | €106k | €112k | €129k | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | €10k | €5k | €5k | €5k | €5k | ▲ 3.8% |
| Trade debts44 | €32k | €5k | €292 | - | €11k | - |
| Suppliers440/4 | €32k | €5k | €292 | - | €11k | - |
| Taxes, remuneration and social security45 | €1k | €1k | €2k | €2k | €57 | ▼ 96.7% |
| Taxes450/3 | €1k | €1k | €2k | €2k | €57 | ▼ 96.7% |
| Other amounts payable47/48 | €118k | €88k | €99k | €106k | €113k | ▲ 7.0% |
| Accrued charges and deferred income492/3 | - | - | €4k | €3k | €3k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €21k | €-6k | €-16k | €-12k | ▲ 24.5% |
| + Depreciation and write-downs630 | €2k | €794 | €5k | €8k | €8k | ▲ 5.8% |
| Operating cash flow (approximation) | €-13k | €21k | €-181 | €-9k | €-4k | ▲ 50.9% |
| Investment in fixed assets (approximation) | - | €-142k | €-21k | €-10k | €0 | ▲ 100% |
| Change in cash | - | €-33k | €-47k | €-12k | €-14k | ▼ 16.3% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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
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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 2015
Ground area
157 m²
Building footprint
145 m²
Parcel 44809I0698/00P005, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VANMAN
since 20152.250.654.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0698/00P005 | Flanders | 157 m² | 1 · 145 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 649 EUR awarded · 567 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 82 EUR | 0 EUR |
| 2024 | 1 | 469 EUR | 469 EUR |
| 2022 | 1 | 98 EUR | 98 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,045 companies in sector 47559 we hold annual accounts for 350. 284 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
Founded10-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47559Retail sale of other household articles
47820Retail sale of motor vehicle parts and accessories
46713Wholesale trade
47512Retail sale of household textiles and bedding
47551Retail sale of household furniture
47793Retail sale of other second-hand goods, excluding clothing
Scores and ratios are computed by Checked and are not a credit decision.