Turnover
≈ €280,000 estimated
The micro format states no turnover.
MAZ
Lifetime
2 annual accounts with figures on one time axispeak €32,304 (2025)
€32,304▲ 18.8%
peak €13,583 (2024)
€9,734▼ 28.3%
peak €23,417 (2025)
€23,417▲ 71.1%
€48,135▼ 26.7%
Board1 name since 2024
1 directorJonah Massez
Documentsfilings and deeds
17-06-202644 days before the deadline
2025micro format
Gross margin from €27,186 to €32,304Result from €13,583 to €9,734Equity from €13,683 to €23,417Debts from €65,709 to €48,135
Key points
from the 2025 annual accountsChecked score
70
Healthy
Financially stronger than 67% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 1.9%
05-2025: 1.9%● unchanged vs 04-2025
06-2025: 2.0%▲ +0.1 percentage points vs 05-2025
07-2025: 2.4%▲ +0.4 percentage points vs 06-2025highest value
08-2025: 1.2%▼ -1.2 percentage points vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.3%▲ +0.1 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.2 percentage points vs 07-2026
09-2026: 2.0%▲ +0.3 percentage points vs 08-2026
10-2026: 0.8%▼ -1.2 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €71,551
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.20, cash €34,107
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 35% of them on solvency, 77% on liquidity, 70% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as MAZ has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAZ itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for MAZ. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (0.87 in 2024), below the usual 1.5. Short-term debt is 44.7% and cash 47.7% of total assets. 67.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 17-06-2026, 44 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
44 days early
2024
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 38 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1006813874
Incorporation
Founder: Jonah Massez · 10,000 shares · Appointment: Jonah Massez (director) · published on 08-03-2024 · Gazette deed
First establishment
Doornlaarstraat 7, Bonheiden
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAZ Bonheiden | €71,551 | €32,304 | 32.7% | - |
| Thoreno Stabroek | €61,245 | €34,790 | 26.3% | - |
| A&B Construct Willebroek | €62,477 | €38,403 | 47.3% | - |
| METCONNECT Antwerp | €83,466 | €27,448 | 81.1% | - |
| La Baleine Bleue Group Zaventem | €74,673 | €32,820 | 57.0% | - |
| DRS Projects Wielsbeke | €70,648 | €30,644 | 66.6% | - |
| ReDie Hasselt | €79,265 | €32,597 | 69.5% | - |
These companies have the same main activity as MAZ: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €61,200 and €83,500, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 06-03-2024Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 5 others
- Establishment unit
- 2.356.843.1472820 Bonheiden, since 06-03-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2025
Annual accounts 2025
- €71,551▼ 9.9%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on MAZ
MAZ has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,417 and a net result of €9,734.
Its solvency ranks better than 34% of 35,136 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAZ
- What is the company number of MAZ?
- The company number of MAZ is 1006.813.874. The VAT number is the same number with BE in front: BE 1006.813.874.
- Where is MAZ based?
- The registered office is at Doornlaarstraat 7, 2820 Bonheiden.Company details
- What does MAZ do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of MAZ?
- MAZ is a private limited company (BV).
- When was MAZ founded?
- MAZ was founded on 06-03-2024.
- Is MAZ still active?
- Yes, MAZ is an active enterprise in the KBO register.
- What is the turnover of MAZ?
- The turnover in financial year 2025 is ≈ €280,000. This figure is estimated from the gross margin of €32,304 and 94 comparable companies (NACE 43990). It probably lies between €190,000 and €490,000.Financials
- Is MAZ profitable?
- In financial year 2025, MAZ made a profit of €9,734.
- Where can I find the annual accounts of MAZ?
- MAZ filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAZ due?
- MAZ must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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