Checked.be
Active
BE 0792.651.138Private limited company
MAZ
Birminghamstraat 57 ·1080 Sint-Jans-Molenbeek, Belgium· 3 yrs active
Sector: Wired, wireless and satellite telecommunications
(61100)
Conclusion
The computed 12-month bankruptcy probability of MAZ is 5.7% (elevated). The 2025 annual accounts show equity of €16k and a net result of €23k. Its solvency ranks better than 65% of 32 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €16k |
| Net result | €23k |
| Better than sector | 65% |
| Active | 3 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
91
Growth
85
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
0
2023
24
2025
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.85 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.04 (≥ 1.0)
+5
Leverage
Debt/equity 1.02 (< 2.0)
+3
Profitability
ROE 142% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 58% (≥ 10%)
+8
Interest coverage
Interest coverage 30971.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 05-03-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 61, Telecommunications · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 49.6% | 37.4% | |
| Net result | €23k | €21k | |
| Equity | €16k | €17k | |
| Total assets | €32k | €150k |
€55k
+74.9%
23-25
€32k
+335.4%
23-25
€23k
+571.8%
23-25
€26k
+283.1%
23-25
€32k
+45.1%
23-25
€16k
-
23-25
€14k
-
23-25
€5k
-
23-25
€16k
-43.7%
23-25
€16k
-43.7%
23-25
1.85
+283.2%
23-25
1.04
+3785.9%
23-25
49.6%
-
23-25
1.02
-
23-25
142.4%
-
23-25
70.6%
+363.1%
23-25
41.4%
+284.1%
23-25
57.6%
+149.0%
23-25
30971.15
+169528.4%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2025 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | €55k | €31k | €30k |
| EBITDA | €32k | €7k | €-10k |
| Net profit | €23k | €3k | €-10k |
| Cash flow | €26k | €7k | €-10k |
| Staff costs | - | - | - |
| Income taxes | €5k | - | - |
| Dividends | - | - | - |
| Total assets | €32k | €22k | €17k |
| Equity | €16k | €-7k | €-10k |
| Debt | €16k | €29k | €27k |
| of which ≤ 1y | €16k | €29k | €27k |
| of which > 1y | - | - | - |
| Working capital | €14k | €-15k | €-18k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2025 | 2023 | |
|---|---|---|---|
| Current ratio | 1.85 | 0.48 | 0.32 |
| Quick ratio | 1.04 | 0.03 | 0.01 |
| Working capital ratio | 42.6% | -67.3% | -109.8% |
| Solvency | 49.6% | -29.9% | -60.4% |
| Debt / equity | 1.02 | -4.35 | -2.66 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 30971.15 | 18.26 | -284.65 |
| Gross margin | 62.5% | 8.9% | -32.2% |
| Net margin | 41.4% | 10.8% | -33.4% |
| ROA | 70.6% | 15.2% | -60.4% |
| ROE | 142.4% | -51.0% | 100.0% |
| EBITDA margin | 57.6% | 23.1% | -32.2% |
| Days sales outstanding | - | - | - |
| Days payable outstanding | 50d | 215d | 162d |
| Inventory turnover | 1.57 | 2.18 | 4.91 |
| Days inventory (DSI) | 233d | 167d | 74d |
Balance-sheet composition 2025
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2025 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €32k | €22k | €17k |
| Fixed assets | 21/28 | €2k | €8k | €8k |
| Tangible fixed assets | 22/27 | €2k | €8k | €8k |
| Current assets | 29/58 | €30k | €14k | €8k |
| Stocks & contracts in progress | 3 | €13k | €13k | €8k |
| Cash & bank | 54/58 | €17k | €770 | €303 |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €32k | €22k | €17k |
| Equity | 10/15 | €16k | €-7k | €-10k |
| Accumulated profits (losses) | 14 | €16k | €-7k | €-10k |
| Amounts payable | 17/49 | €16k | €29k | €27k |
| Amounts payable within one year | 42/48 | €16k | €29k | €27k |
| Trade debts payable within one year | 44 | €3k | €17k | €18k |
| Income statement | ||||
| Turnover | 70 | €55k | €31k | €30k |
| Gross operating margin | 9900 | €34k | €8k | €-10k |
| Operating result | 9901 | €28k | €4k | €-10k |
| Financial charges | 65 | €1 | €397 | €34 |
| Result before taxes | 9903 | €28k | €3k | €-10k |
| Income taxes | 67/77 | €5k | - | - |
| Net result for the period | 9904 | €23k | €3k | €-10k |
| Result to be appropriated | 9905 | €23k | €3k | €-10k |
Legal Structure
| NACE primary | Wired, wireless and satellite telecommunications(61100) |
| Legal form | Private limited company(610) |
| Incorporation | 19-10-2022 |
| Status | Active |
| Postal code | 1080 |
Establishment units
MAZ
since 20222.337.800.166
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0939/00T106 | Brussels | 976 m² | 1 · 664 m² | 15.3 m · 4 fl. |
| 21809K0065/00C008 | Brussels | 55 m² | 1 · 48 m² | 15.9 m · 4 fl. |
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.
Updates
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €23k ▲572%
Operating result €28k, net result €23k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.85
Current ratio from 0.48 to 1.85; short-term debt falls from €29k to €16k.
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
13-02
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
16-04
State Gazette act
Registered-office change
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
16-04-2024
Registered-office move
All acts · 1
updated 2 years ago
2024
16-04-2024 Registered office moved from BRUXELLES to Molenbeek
- RUE PHILIPPE DE CHAMPAGNE 19 1000 BRUXELLES → Rue BIRMINGHAM 57. 1080 Molenbeek
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue BIRMINGHAM 57. 1080 Molenbeek",
"city": "Molenbeek",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Rue BIRMINGHAM",
"country": "BE",
"postcode": "1080",
"box_number": null,
"street_number": "57",
"locality_suffix": null
},
"old_address": {
"raw": "RUE PHILIPPE DE CHAMPAGNE 19 1000 BRUXELLES",
"city": "BRUXELLES",
"region": "brussels_hoofdstedelijk_gewest",
"street": "RUE PHILIPPE DE CHAMPAGNE",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "19",
"locality_suffix": null
},
"effective_date": "2024-04-03",
"evidence_quote": "Le si\u00E8ge sociale est transf\u00E9r\u00E9 \u00E0 Rue BIRMINGHAM 57. 1080 Molenbeek",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": null,
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-04-03",
"unanimous": true
},
"subject_company": {
"kbo": "0792.651.138",
"name_full": "MAZ",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Manzoor, Tahir",
"org_rep_person_name": null,
"person_role_at_subject": "G\u00E9rant"
},
"co_filed_documents": []
}Credit advice
Company registry (CBE)
Activities
Wired, wireless and satellite telecommunications61100Telecommunications61300Retail sale of information and communication equipment47400Retail trade47420Retail trade47430
Names & trade names
| Legal nameFR | MAZ |
Similar companies
Ayconnect Solutions
BE 0790.989.963 · Antwerpen
DATAVISION
BE 0454.733.327 · Jodoigne
ROMO-BEL
BE 0764.700.290 · Sint-Jans-Molenbeek
BGZ
BE 0792.402.995 · Antwerpen
D.B.M.
BE 0867.366.179 · Herve