MAZZELTOFF
ActiveSummary
MAZZELTOFF has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €72k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+49
Solvency60▲+18
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.9 against 0.81 in 2024; short-term debt: 18.5% and cash: 0.7% of total assets), but 65.3% of the assets are financed with debt.
Credit check 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 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
14.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-03-2026, 52 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
52 d late
2024
106 d late
2023
58 d late
2022
14 d late
2021
95 d late
2020
2 d early
2018
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€368k
EBIT margin
8.5%
Net result
€72k▲ 3,669%
2024 · €2k
2018: €3k
2020: €5k
2021: €10k▲ +109% vs 2020
2022: €-32k▼ -425% vs 2021lowest value
2023: €56k▲ +275% vs 2022
2024: €2k▼ -96.6% vs 2023
2025: €72k▲ +3669% vs 2024highest value
2018 → 2025
Working capital
€81k
2024 · €-20k
2018: €8k
2020: €-21klowest value
2021: €119k▲ +653% vs 2020highest value
2022: €28k▼ -76.2% vs 2021
2023: €19k▼ -31.1% vs 2022
2024: €-20k▼ -201% vs 2023
2025: €81k▲ +512% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€368k-
Equity€72k-€40k▼ 44.7%€96k▲ 141%€98k▲ 2.0%€170k▲ 73.6%
2021: €72k
2022: €40k▼ -44.7% vs 2021lowest in 5 years
2023: €96k▲ +141% vs 2022
2024: €98k▲ +2.0% vs 2023
2025: €170k▲ +73.6% vs 2024highest in 5 years
Operating result€31k-€-9k€91k€33k▼ 63.3%€133k▲ 298%
2021: €31k
2022: €-9k▼ -130% vs 2021lowest in 5 years
2023: €91k▲ +1078% vs 2022
2024: €33k▼ -63.3% vs 2023
2025: €133k▲ +298% vs 2024highest in 5 years
Net result€10k-€-32k€56k€2k▼ 96.6%€72k▲ 3,669%
2021: €10k
2022: €-32k▼ -425% vs 2021lowest in 5 years
2023: €56k▲ +275% vs 2022
2024: €2k▼ -96.6% vs 2023
2025: €72k▲ +3669% vs 2024highest in 5 years
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 2025; 2025 is 298% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489k
Fixed assets
€318k ▼ 34.1%
Current assets
€172k ▲ 108%
Equity and liabilities €489k
Equity
€170k ▲ 73.6%
Debt
€319k ▼ 31.6%
Debt's share of the balance-sheet total falls from 82.7% to 65.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€148k▲
2024 · €48k
Cash flow
€87k▲
2024 · €17k
Current ratio
1.90▲
2024 · 0.81
Debt to equity
1.88▼
2024 · 4.77
ROE
42.4%▲
2024 · 2.0%
ROA
14.7%▲
2024 · 0.3%
Interest coverage
6.21▲
2024 · 2.25
Debt ≤ 1 year
€90k▼
2024 · €102k
Debt > 1 year
€229k▼
2024 · €365k
Income taxes
€37k▲
2024 · €11k
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€564k€489k▼
Fixed assets21/28€482k€318k▼
Tangible fixed assets22/27€482k€318k▼
Land and buildings22€457k€287k▼
Furniture and vehicles24€25k€30k▲
Current assets29/58€82k€172k▲
Amounts receivable within one year40/41€75k€168k▲
Other amounts receivable41€75k€168k▲
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€564k€489k▼
Equity10/15€98k€170k▲
Contributions10/11€13k€13k=
Reserves13€85k€85k=
Distributable reserves133€85k€85k=
Profit (loss) carried forward14-€72k
Amounts payable17/49€467k€319k▼
Amounts payable after more than one year17€365k€229k▼
Financial debts170/4€365k€229k▼
Amounts payable within one year42/48€102k€90k▼
Current portion of amounts payable after more than one year42€25k€15k▼
Financial debts43€7k€7k▲
Credit institutions430/8€7k€7k▲
Trade debts44€15k€16k▲
Suppliers440/4€15k€16k▲
Taxes, remuneration and social security45€54k€50k▼
Taxes450/3€54k€50k▼
Other amounts payable47/48€2k€2k=
Income statement
Code20242025
Non-recurring operating income76A€12k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A€1k€125▼
Gross operating margin9900€57k€152k▲
Operating profit (loss)9901€33k€133k▲
Financial income75/76B€805€262▼
Recurring financial income75€805€262▼
Financial charges65/66B€21k€24k▲
Recurring financial charges65€21k€24k▲
Profit (loss) for the period before taxes9903€13k€109k▲
Income taxes67/77€11k€37k▲
Profit (loss) for the period9904€2k€72k▲
Profit (loss) for the period to be appropriated9905€2k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€72k▲
Transfer to equity691/2€2k-
To other reserves6921€2k-
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €368k | - | - | - | - | - |
| Non-recurring operating income76A | €83k | €2k | €13k | €12k | €83k | ▲ 599% |
| Goods, raw materials, services and sundry goods60/61 | €392k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €19k | €12k | €15k | €15k | ▲ 3.9% |
| Other operating charges640/8 | €13k | €16k | €5k | €7k | €4k | ▼ 51.2% |
| Non-recurring operating charges66A | €4k | €7k | €2k | €1k | €125 | ▼ 90.9% |
| Gross operating margin9900 | €58k | €33k | €110k | €57k | €152k | ▲ 168% |
| Operating profit (loss)9901 | €31k | €-9k | €91k | €33k | €133k | ▲ 298% |
| Financial income75/76B | €544 | €1k | €1k | €805 | €262 | ▼ 67.4% |
| Recurring financial income75 | €544 | €1k | €1k | €805 | €262 | ▼ 67.4% |
| Financial charges65/66B | €15k | €21k | €18k | €21k | €24k | ▲ 11.6% |
| Recurring financial charges65 | €15k | €21k | €18k | €21k | €24k | ▲ 11.6% |
| Profit (loss) for the period before taxes9903 | €17k | €-29k | €75k | €13k | €109k | ▲ 751% |
| Income taxes67/77 | €7k | €3k | €18k | €11k | €37k | ▲ 241% |
| Profit (loss) for the period9904 | €10k | €-32k | €56k | €2k | €72k | ▲ 3,669% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-32k | €56k | €2k | €72k | ▲ 3,669% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390k | €271k | €553k | €564k | €489k | ▼ 13.4% |
| Fixed assets21/28 | €206k | €171k | €442k | €482k | €318k | ▼ 34.1% |
| Tangible fixed assets22/27 | €206k | €171k | €442k | €482k | €318k | ▼ 34.1% |
| Land and buildings22 | €188k | €171k | €435k | €457k | €287k | ▼ 37.1% |
| Furniture and vehicles24 | €18k | €486 | €7k | €25k | €30k | ▲ 20.6% |
| Current assets29/58 | €185k | €100k | €111k | €82k | €172k | ▲ 108% |
| Stocks and contracts in progress3 | €171k | - | - | - | - | - |
| Stocks30/36 | €171k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €7k | €84k | €100k | €75k | €168k | ▲ 125% |
| Trade receivables40 | - | €10k | €78k | - | - | - |
| Other amounts receivable41 | €7k | €74k | €23k | €75k | €168k | ▲ 125% |
| Cash at bank and in hand54/58 | €5k | €12k | €1k | €5k | €4k | ▼ 27.6% |
| Deferred charges and accrued income490/1 | €2k | €3k | €9k | €3k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390k | €271k | €553k | €564k | €489k | ▼ 13.4% |
| Equity10/15 | €72k | €40k | €96k | €98k | €170k | ▲ 73.6% |
| Contributions10/11 | €13k | €13k | €13k | €13k | €13k | = |
| Reserves13 | €59k | €59k | €83k | €85k | €85k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €57k | €57k | €83k | €85k | €85k | = |
| Profit (loss) carried forward14 | - | €-32k | - | - | €72k | - |
| Amounts payable17/49 | €318k | €231k | €457k | €467k | €319k | ▼ 31.6% |
| Amounts payable after more than one year17 | €252k | €160k | €366k | €365k | €229k | ▼ 37.2% |
| Financial debts170/4 | €252k | €160k | €366k | €365k | €229k | ▼ 37.2% |
| Amounts payable within one year42/48 | €66k | €71k | €91k | €102k | €90k | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | €18k | €1k | €23k | €25k | €15k | ▼ 38.0% |
| Financial debts43 | - | €2k | - | €7k | €7k | ▲ 5.5% |
| Credit institutions430/8 | - | - | - | €7k | €7k | ▲ 5.5% |
| Other loans439 | - | €2k | - | - | - | - |
| Trade debts44 | €34k | €23k | €5k | €15k | €16k | ▲ 10.5% |
| Suppliers440/4 | €34k | €23k | €5k | €15k | €16k | ▲ 10.5% |
| Advances received on contracts in progress46 | €4k | €4k | - | - | - | - |
| Taxes, remuneration and social security45 | €11k | €11k | €32k | €54k | €50k | ▼ 7.6% |
| Taxes450/3 | €11k | €11k | €32k | €54k | €50k | ▼ 7.6% |
| Other amounts payable47/48 | - | €30k | €32k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-32k | €56k | €2k | €72k | ▲ 3,669% |
| + Depreciation and write-downs630 | €11k | €19k | €12k | €15k | €15k | ▲ 3.9% |
| Operating cash flow (approximation) | €21k | €-13k | €68k | €17k | €87k | ▲ 427% |
| Investment in fixed assets (approximation) | - | €15k | €-283k | €-55k | €149k | ▲ 373% |
| Change in cash | - | €7k | €-11k | €4k | €-1k | ▼ 138% |
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
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 52 days late
2025
30-06
Financial
Highest result since 2018net €72k ▲3,669%
Operating result €133k, net result €72k, both a record.
30-06
Financial
Liquidity doublescurrent ratio 1.90
Current ratio from 0.81 to 1.90; short-term debt falls from €102k to €90k.
30-06
Financial
Equity above €150kEq €170k ▲73.6%
3 profitable years in a row build equity to €170k.
17-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 106 days late
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 58 days late
2023
30-06
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
30-06
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
30-06
Financial
Liquidity triplescurrent ratio 2.80
Current ratio from 0.81 to 2.80; short-term debt falls from €116k to €66k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
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 9 acts read
About the unread acts
We know of 9 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
9 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, Hasselt · 1 establishment unit since 2006
Ground area
3,793 m²
Building footprint
2,017 m²
Volume, LiDAR
11,521 m³
2 parcels, Flanders · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MAZZELTOFF
since 20062.152.146.126
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0276/00A002 | Flanders | 2,619 m² | 1 · 1,771 m² | 9.1 m · 2 fl. |
| 71032B0082/00Z000 | Flanders | 1,174 m² | 1 · 247 m² | 15.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 718 companies in sector 58190 we hold annual accounts for 214. 149 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
Founded05-12-2005
Fiscal year end30-06
Activities, NACEBEL 2025
58190Other publishing activities, excluding software publishing
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
58130Publishing activities
73120Media representation
82910Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.