MAZ
ActiveSummary
The computed 12-month bankruptcy probability of MAZ is 3.0% (moderate). The 2024 annual accounts show equity of €14k and a net result of €14k. Its solvency ranks better than 19% of 36375 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability90
Solvency42
Growth-
Track record67
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.87; short-term debt: 50.8% and cash: 38.3% of total assets), and 82.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
17.2%
Return on assets
17.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k
Total assets
€79k
Net result
€14k
Working capital
€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €79k
Fixed assets
€44k
Current assets
€35k
Equity and liabilities €79k
Equity
€14k
Debt
€66k
Debt finances 82.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€26k
Cash flow
€22k
Current ratio
0.87
Debt to equity
4.80
ROE
99.3%
ROA
17.1%
Interest coverage
38.08
Debt ≤ 1 year
€40k
Debt > 1 year
€25k
Income taxes
€4k
Filed annual accounts As filed with the NBB · 2024 · 39 lines
Balance sheet
Code2024
Assets
Total assets20/58€79k
Fixed assets21/28€44k
Tangible fixed assets22/27€44k
Plant, machinery and equipment23€11k
Furniture and vehicles24€33k
Current assets29/58€35k
Amounts receivable within one year40/41€4k
Trade receivables40€549
Other amounts receivable41€3k
Cash at bank and in hand54/58€30k
Deferred charges and accrued income490/1€695
Equity and liabilities
Total equity and liabilities10/49€79k
Equity10/15€14k
Contributions10/11€100
Reserves13€14k
Distributable reserves133€14k
Amounts payable17/49€66k
Amounts payable after more than one year17€25k
Financial debts170/4€25k
Amounts payable within one year42/48€40k
Current portion of amounts payable after more than one year42€9k
Trade debts44€11k
Suppliers440/4€11k
Taxes, remuneration and social security45€4k
Taxes450/3€4k
Other amounts payable47/48€16k
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k
Other operating charges640/8€952
Gross operating margin9900€27k
Operating profit (loss)9901€18k
Financial charges65/66B€689
Recurring financial charges65€689
Profit (loss) for the period before taxes9903€18k
Income taxes67/77€4k
Profit (loss) for the period9904€14k
Profit (loss) for the period to be appropriated9905€14k
Appropriation of the result
Profit (loss) to be appropriated9906€14k
Transfer to equity691/2€14k
To other reserves6921€14k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k |
| Other operating charges640/8 | €952 |
| Gross operating margin9900 | €27k |
| Operating profit (loss)9901 | €18k |
| Financial charges65/66B | €689 |
| Recurring financial charges65 | €689 |
| Profit (loss) for the period before taxes9903 | €18k |
| Income taxes67/77 | €4k |
| Profit (loss) for the period9904 | €14k |
| Profit (loss) for the period to be appropriated9905 | €14k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €79k | |
| Fixed assets21/28 | €44k | |
| Tangible fixed assets22/27 | €44k | |
| Plant, machinery and equipment23 | €11k | |
| Furniture and vehicles24 | €33k | |
| Current assets29/58 | €35k | |
| Amounts receivable within one year40/41 | €4k | |
| Trade receivables40 | €549 | |
| Other amounts receivable41 | €3k | |
| Cash at bank and in hand54/58 | €30k | |
| Deferred charges and accrued income490/1 | €695 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €79k | |
| Equity10/15 | €14k | |
| Contributions10/11 | €100 | |
| Reserves13 | €14k | |
| Distributable reserves133 | €14k | |
| Amounts payable17/49 | €66k | |
| Amounts payable after more than one year17 | €25k | |
| Financial debts170/4 | €25k | |
| Amounts payable within one year42/48 | €40k | |
| Current portion of amounts payable after more than one year42 | €9k | |
| Trade debts44 | €11k | |
| Suppliers440/4 | €11k | |
| Taxes, remuneration and social security45 | €4k | |
| Taxes450/3 | €4k | |
| Other amounts payable47/48 | €16k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €14k |
| + Depreciation and write-downs630 | €8k |
| Operating cash flow (approximation) | €22k |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bonheiden · 1 establishment unit since 2024
Ground area
2,173 m²
Building footprint
274 m²
Volume, LiDAR
2,237 m³
Parcel 12031B0851/00D002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Doornlaarstraat 7, 2820 Bonheiden
since 20242.356.843.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0851/00D002 | Flanders | 2,173 m² | 1 · 274 m² | 10.8 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.
Similar companies · same sector, comparable size
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NASCA COMPANY
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GJ Construct
BE 0816.849.668
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IGL CONSTRUCT
BE 0701.735.909
Gent · Eq €13,585
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 4,650 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
Founded06-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
31009Manufacture of furniture
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
47524Retail trade
47530Retail trade
Scores and ratios are computed by Checked and are not a credit decision.