MAYREAU
ActiveSummary
MAYREAU has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €347k and a net result of €53k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▼-1
Solvency46▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days only on tighter terms
Liquidity short (current ratio 0.22 against 0.37 in 2023; short-term debt: 34% and cash: 7.3% of total assets), and 79.4% 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
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
Real estate activities (NACE 68)
about 43% fewer 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-05-2026, 281 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
281 d late
2023
22 d early
2022
66 d late
2021
78 d late
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€347k▲ 18.0%
2023 · €294k
2018: €205k
2019: €189k▼ -7.7% vs 2018lowest in 7 years
2020: €226k▲ +19.6% vs 2019
2021: €263k▲ +16.2% vs 2020
2022: €332k▲ +26.3% vs 2021
2023: €294k▼ -11.5% vs 2022
2024: €347k▲ +18.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.69M▼ 10.8%
2023 · €1.89M
2018: €704klowest in 7 years
2019: €1.96M▲ +178% vs 2018
2020: €2.07M▲ +5.9% vs 2019highest in 7 years
2021: €2.06M▼ -0.8% vs 2020
2022: €1.94M▼ -5.8% vs 2021
2023: €1.89M▼ -2.4% vs 2022
2024: €1.69M▼ -10.8% vs 2023
2018 → 2024
Net result
€53k▲ 7.7%
2023 · €49k
2018: €44k
2019: €-16k▼ -136% vs 2018lowest in 7 years
2020: €37k▲ +334% vs 2019
2021: €37k▼ -1.3% vs 2020
2022: €95k▲ +158% vs 2021highest in 7 years
2023: €49k▼ -48.1% vs 2022
2024: €53k▲ +7.7% vs 2023
2018 → 2024
Working capital
€-444k▲ 8.7%
2023 · €-487k
2018: €-220khighest in 7 years
2019: €-600k▼ -173% vs 2018
2020: €-649k▼ -8.2% vs 2019lowest in 7 years
2021: €-633k▲ +2.5% vs 2020
2022: €-413k▲ +34.7% vs 2021
2023: €-487k▼ -17.7% vs 2022
2024: €-444k▲ +8.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€226k-€263k▲ 16.2%€332k▲ 26.3%€294k▼ 11.5%€347k▲ 18.0%
2020: €226klowest in 5 years
2021: €263k▲ +16.2% vs 2020
2022: €332k▲ +26.3% vs 2021
2023: €294k▼ -11.5% vs 2022
2024: €347k▲ +18.0% vs 2023highest in 5 years
Operating result€69k-€95k▲ 37.7%€180k▲ 89.8%€118k▼ 34.5%€130k▲ 10.2%
2020: €69klowest in 5 years
2021: €95k▲ +37.7% vs 2020
2022: €180k▲ +89.8% vs 2021highest in 5 years
2023: €118k▼ -34.5% vs 2022
2024: €130k▲ +10.2% vs 2023
Net result€37k-€37k▼ 1.3%€95k▲ 158%€49k▼ 48.1%€53k▲ 7.7%
2020: €37k
2021: €37k▼ -1.3% vs 2020lowest in 5 years
2022: €95k▲ +158% vs 2021highest in 5 years
2023: €49k▼ -48.1% vs 2022
2024: €53k▲ +7.7% vs 2023
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 recovers in 2024; 2024 is 10% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.56M ▼ 3.2%
Current assets
€129k ▼ 54.2%
Equity and liabilities €1.69M
Equity
€347k ▲ 18.0%
Debt
€1.34M ▼ 16.1%
Debt's share of the balance-sheet total falls from 84.5% to 79.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€181k▲
2023 · €169k
Cash flow
€104k▲
2023 · €100k
Current ratio
0.22▼
2023 · 0.37
Debt to equity
3.87▼
2023 · 5.43
ROE
15.2%▼
2023 · 16.7%
ROA
3.1%▲
2023 · 2.6%
Interest coverage
3.48▼
2023 · 3.70
Debt ≤ 1 year
€573k▼
2023 · €768k
Debt > 1 year
€738k▼
2023 · €825k
Income taxes
€26k▲
2023 · €23k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.89M€1.69M▼
Fixed assets21/28€1.61M€1.56M▼
Tangible fixed assets22/27€1.61M€1.56M▼
Land and buildings22€1.61M€1.56M▼
Current assets29/58€282k€129k▼
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40€1k€5k▲
Cash at bank and in hand54/58€279k€123k▼
Deferred charges and accrued income490/1€2k€948▼
Equity and liabilities
Total equity and liabilities10/49€1.89M€1.69M▼
Equity10/15€294k€347k▲
Contributions10/11€6k€6k=
Reserves13€287k€340k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€286k€338k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.60M€1.34M▼
Amounts payable after more than one year17€825k€738k▼
Financial debts170/4€825k€738k▼
Amounts payable within one year42/48€768k€573k▼
Current portion of amounts payable after more than one year42€80k€87k▲
Financial debts43€200k€120k▼
Credit institutions430/8€200k€120k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€53k€31k▼
Taxes450/3€53k€31k▼
Other amounts payable47/48€432k€333k▼
Accrued charges and deferred income492/3€3k€29k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k=
Other operating charges640/8€8k€7k▼
Gross operating margin9900€177k€188k▲
Operating profit (loss)9901€118k€130k▲
Financial income75/76B€20€434▲
Recurring financial income75€20€434▲
Financial charges65/66B€46k€52k▲
Recurring financial charges65€46k€52k▲
Profit (loss) for the period before taxes9903€72k€78k▲
Income taxes67/77€23k€26k▲
Profit (loss) for the period9904€49k€53k▲
Profit (loss) for the period to be appropriated9905€49k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€53k▲
Transfer from equity791/2€87k€0▼
Transfer to equity691/2€49k€53k▲
To other reserves6921€49k€53k▲
Profit to be distributed694/7€87k€0▼
Return on contributions (dividend)694€87k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €75k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €75k | €59k | €51k | €51k | €51k | = |
| Other operating charges640/8 | - | €6k | €7k | €8k | €7k | ▼ 6.6% |
| Gross operating margin9900 | €151k | €160k | €238k | €177k | €188k | ▲ 6.6% |
| Operating profit (loss)9901 | €69k | €95k | €180k | €118k | €130k | ▲ 10.2% |
| Financial income75/76B | - | €68 | €10 | €20 | €434 | ▲ 2,045% |
| Recurring financial income75 | €14 | €68 | €10 | €20 | €434 | ▲ 2,045% |
| Financial charges65/66B | - | €38k | €38k | €46k | €52k | ▲ 14.0% |
| Recurring financial charges65 | €22k | €38k | €38k | €46k | €52k | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | €47k | €57k | €142k | €72k | €78k | ▲ 8.4% |
| Income taxes67/77 | €10k | €20k | €48k | €23k | €26k | ▲ 9.8% |
| Profit (loss) for the period9904 | €37k | €37k | €95k | €49k | €53k | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €37k | €37k | €95k | €49k | €53k | ▲ 7.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.07M | €2.06M | €1.94M | €1.89M | €1.69M | ▼ 10.8% |
| Fixed assets21/28 | €1.96M | €1.90M | €1.66M | €1.61M | €1.56M | ▼ 3.2% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1.96M | €1.90M | €1.66M | €1.61M | €1.56M | ▼ 3.2% |
| Land and buildings22 | - | €1.90M | €1.66M | €1.61M | €1.56M | ▼ 3.2% |
| Current assets29/58 | €116k | €157k | €278k | €282k | €129k | ▼ 54.2% |
| Amounts receivable within one year40/41 | €27k | €22k | €624 | €1k | €5k | ▲ 363% |
| Trade receivables40 | - | €22k | €624 | €1k | €5k | ▲ 363% |
| Cash at bank and in hand54/58 | €88k | €133k | €276k | €279k | €123k | ▼ 55.9% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €948 | ▼ 50.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.07M | €2.06M | €1.94M | €1.89M | €1.69M | ▼ 10.8% |
| Equity10/15 | €226k | €263k | €332k | €294k | €347k | ▲ 18.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €220k | €257k | €326k | €287k | €340k | ▲ 18.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €255k | €324k | €286k | €338k | ▲ 18.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.85M | €1.79M | €1.61M | €1.60M | €1.34M | ▼ 16.1% |
| Amounts payable after more than one year17 | €1.08M | €995k | €910k | €825k | €738k | ▼ 10.5% |
| Financial debts170/4 | - | €995k | €910k | €825k | €738k | ▼ 10.5% |
| Amounts payable within one year42/48 | €765k | €790k | €691k | €768k | €573k | ▼ 25.4% |
| Current portion of amounts payable after more than one year42 | - | €84k | €79k | €80k | €87k | ▲ 9.1% |
| Financial debts43 | - | €240k | €200k | €200k | €120k | ▼ 40.0% |
| Credit institutions430/8 | - | €240k | €200k | €200k | €120k | ▼ 40.0% |
| Trade debts44 | €5k | €9k | €1k | €3k | €2k | ▼ 32.9% |
| Suppliers440/4 | - | €9k | €1k | €3k | €2k | ▼ 32.9% |
| Taxes, remuneration and social security45 | - | €15k | €43k | €53k | €31k | ▼ 41.6% |
| Taxes450/3 | - | €15k | €43k | €53k | €31k | ▼ 41.6% |
| Other amounts payable47/48 | - | €442k | €368k | €432k | €333k | ▼ 22.9% |
| Accrued charges and deferred income492/3 | - | €8k | €3k | €3k | €29k | ▲ 746% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €37k | €95k | €49k | €53k | ▲ 7.7% |
| + Depreciation and write-downs630 | €75k | €59k | €51k | €51k | €51k | = |
| Operating cash flow (approximation) | €112k | €95k | €146k | €100k | €104k | ▲ 3.8% |
| Investment in fixed assets (approximation) | - | €0 | €189k | €0 | €0 | - |
| Change in cash | - | €45k | €143k | €3k | €-156k | ▼ 5,198% |
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
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 281 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
31-12
Financial
Highest result since 2018net €95k ▲158%
Operating result €180k, net result €95k, both a record.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-12
Financial
Equity above €200kEq €226k ▲19.6%
Equity rises from €189k to €226k.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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.
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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 2012
Ground area
637 m²
Building footprint
140 m²
Volume, LiDAR
1,123 m³
Parcel 44082A0059/00V000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
MAYREAU
since 20122.207.166.902
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0059/00V000 | Flanders | 637 m² | 1 · 140 m² | 10.6 m · 3 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.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,433 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 (pre-2019)
Founded17-02-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.