MAYTAH
ActiveMAYTAH has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €254k and a net result of €28k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 3021 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-14
Solvency100▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.33 in 2023; short-term debt: 23.6% and cash: 8.1% of total assets), and 25.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
not confirmed
2024
54 d late
2023
23 d late
2022
28 d late
2021
57 d late
2020
241 d late
2019
150 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€254k▲ 12.5%
2023 · €226k
2018: €121k
2019: €152k
2020: €118k
2021: €119k
2022: €156k
2023: €226k
2018 → 2024
Total assets
€340k▼ 3.9%
2023 · €354k
2018: €345k
2019: €347k
2020: €323k
2021: €280k
2022: €292k
2023: €354k
2018 → 2024
Net result
€28k▼ 59.2%
2023 · €69k
2018: €17k
2019: €31k
2020: €-34k
2021: €1k
2022: €37k
2023: €69k
2018 → 2024
Working capital
€90k▲ 116%
2023 · €42k
2018: €-67k
2019: €-59k
2020: €-101k
2021: €-90k
2022: €-42k
2023: €42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€118k-€119k▲ 1.0%€156k▲ 30.9%€226k▲ 44.3%€254k▲ 12.5%
Operating result€-33k-€1k€37k▲ 2,720%€92k▲ 150%€47k▼ 48.5%
Net result€-34k-€1k€37k▲ 3,022%€69k▲ 87.9%€28k▼ 59.2%
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 falls in 2024; 2024 is 49% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €340k
Fixed assets
€170k▼ 7.7%
Current assets
€170k▲ 0.2%
Equity and liabilities €340k
Equity
€254k▲ 12.5%
Debt
€86k▼ 32.9%
The debt ratio falls from 36.3% to 25.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▼
2023 · €108k
Cash flow
€44k▼
2023 · €85k
Solvency
74.7%▲
2023 · 63.7%
Current ratio
2.12▲
2023 · 1.33
Quick ratio
2.09▲
2023 · 1.31
Debt / equity
0.34▼
2023 · 0.57
ROE
11.1%▼
2023 · 30.7%
ROA
8.3%▼
2023 · 19.6%
Interest coverage
10.69▼
2023 · 10773480.00
Debt
€86k▼
2023 · €128k
Debt ≤ 1 year
€80k▼
2023 · €128k
Income taxes
€14k▼
2023 · €23k
Staff costs
€11k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€354k€340k▼
Fixed assets21/28€184k€170k▼
Tangible fixed assets22/27€184k€170k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€0€0=
Other tangible fixed assets26€180k€166k▼
Financial fixed assets28€51€0▼
Current assets29/58€170k€170k▲
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€28k€2k▼
Trade receivables40€15k€2k▼
Other amounts receivable41€13k€287▼
Current investments50/53€113k€138k▲
Cash at bank and in hand54/58€27k€28k▲
Equity and liabilities
Total equity and liabilities10/49€354k€340k▼
Equity10/15€226k€254k▲
Contributions10/11€90k€90k=
Reserves13€113k€141k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Tax-exempt reserves132€35k€35k=
Distributable reserves133€69k€98k▲
Profit (loss) carried forward14€23k€23k=
Amounts payable17/49€128k€86k▼
Amounts payable within one year42/48€128k€80k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€29k€19k▼
Taxes450/3€28k€17k▼
Remuneration and social security454/9€843€1k▲
Other amounts payable47/48€95k€57k▼
Accrued charges and deferred income492/3-€6k
Income statement
Code20232024
Remuneration, social security and pensions62€12k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€12k€12k▲
Gross operating margin9900€132k€87k▼
Operating profit (loss)9901€92k€47k▼
Financial income75/76B€2€882▲
Recurring financial income75€2€882▲
Financial charges65/66B€0€6k▲
Recurring financial charges65€0€6k▲
Profit (loss) for the period before taxes9903€92k€42k▼
Income taxes67/77€23k€14k▼
Profit (loss) for the period9904€69k€28k▼
Profit (loss) for the period to be appropriated9905€69k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€92k€51k▼
Profit (loss) brought forward from the previous period14P€23k€23k=
Transfer to equity691/2€69k€28k▼
To other reserves6921€69k€28k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Highest result since 2018net €69k ▲87.9%
Operating result €92k, net result €69k, both a record.
31-12
Financial
Equity above €200kEq €226k ▲44.3%
3 profitable years in a row build equity to €226k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €150kEq €156k ▲30.9%
2 profitable years in a row build equity to €156k.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 241 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-34k ▼208%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 150 days late
2019
31-12
Financial
Equity above €150kEq €152k ▲25.9%
2 profitable years in a row build equity to €152k.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 153 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 153 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 153 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Izegem · 1 establishment unit since 2003
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.
Gentseheerweg 1028870 IzegemGround area
4,641 m²
Building footprint
577 m²
Volume, LiDAR
2,954 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M A Y T A H
since 20032.137.564.848
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0162/00K000 | Flanders | 2,605 m² | 1 · 577 m² | 9.1 m · 2 fl. |
| 36008C0281/00F002 | Flanders | 2,036 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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 siteIzegem2.137.564.848
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Of 3,290 companies in sector 93110 we hold annual accounts for 1,492. 1,091 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2003
Fiscal year end31-12
Activities, NACEBEL
55302
93110Operation of sports facilities
56101Full-service restaurants
56111Full-service restaurants
92613
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.