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MJ-M

Active
Limited partnershipfounded 20179 yrs activeExcelsiorlaan 85, 1930 Zaventem, BelgiumKBO/BCE: BE 0674.960.939
Summary

The computed 12-month bankruptcy probability of MJ-M is 3.5% (moderate). The 2024 annual accounts show negative equity (-€20,141) and a net result of €5,739. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 6% of 729 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MJ-MActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Postal and courier activities
NACE 53100Freight transport by road NACE 49410
1 site
Size
€20,412total assets 2024
Equity
-€20,141
Profit
€5,739
Turnover not published (abridged schema)
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.5%
Structure
Accounts 64 d overdue0 of 5 deeds read
Why 49- Latest accounts 67 days late; 3 of the last 3 late- Sector Postal and courier activities (NACE 53)- Figures for FY 2024 (filed 09-10-2025)+ Legal form Limited partnershipShow the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 44% of its sector peers (NACE 53, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 0=
equity -98.7% of total assets
Liquidity 6+2
short-term debt 165.1% · cash 4.7%
Profitability 100+50
return on assets 28.1%
Bankruptcy probability, 12 months
3.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 2.7% (889 companies)
Last 24 months 11-2024: 7.6%highest value 12-2024: 7.1%▼ -7.2% vs 11-2024 01-2025: 7.1%● 0.0% vs 12-2024 02-2025: 7.1%● 0.0% vs 01-2025 03-2025: 4.5%▼ -36.8% vs 02-2025 04-2025: 4.5%▲ +0.7% vs 03-2025 05-2025: 4.4%▼ -2.3% vs 04-2025 06-2025: 4.2%▼ -5.3% vs 05-2025 07-2025: 4.2%▲ +1.1% vs 06-2025 08-2025: 4.0%▼ -6.3% vs 07-2025 09-2025: 3.9%▼ -2.6% vs 08-2025 10-2025: 4.7%▲ +21.6% vs 09-2025 11-2025: 3.0%▼ -35.4% vs 10-2025 12-2025: 2.9%▼ -4.1% vs 11-2025 01-2026: 2.9%▼ -0.9% vs 12-2025 02-2026: 2.9%▼ -0.8% vs 01-2026 03-2026: 2.9%● +0.0% vs 02-2026 04-2026: 2.9%▲ +0.8% vs 03-2026 05-2026: 2.8%▼ -1.6% vs 04-2026 06-2026: 2.7%▼ -3.6% vs 05-2026 07-2026: 2.8%▲ +1.2% vs 06-2026 08-2026: 2.6%▼ -6.6% vs 07-2026lowest value 09-2026: 2.8%▲ +7.4% vs 08-2026 10-2026: 3.5%▲ +26.3% vs 09-2026
  • Latest accounts 67 days late; 3 of the last 3 late raises the probability
  • Sector Postal and courier activities (NACE 53) raises the probability
  • Legal form Limited partnership lowers the probability
  • Figures for FY 2024 (filed 09-10-2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.24 against 0.02 in 2023; short-term debt: 165.1% and cash: 4.7% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 53, micro). Better than this share of them on solvency 7%, liquidity 11%, profitability 93%, growth against the median 64%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 67 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Sector Postal and courier activities (NACE 53)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Legal form Limited partnership
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Figures for FY 2024 (filed 09-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 729 sector peers (2024).
NBB · sector comparison
Position among 729 sector peers
Solvency
better than 6%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
67 d late
2023
97 d late
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 13 days after the deadline, and 56% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €5,739
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€20,141 View
  • Caution: Among the weakest 7% on solvencysector median 33.3% · 729 companies -98.7% View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€20,412
Profit
€5,739
Solvency
-98.7%
Total assets▲ 6.4%
Net result
20222024
Go to Financials

Timeline

Events
4
Since
2023
  1. 06-10-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 05-11-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Limited partnership
Activity
Postal and courier activitiesNACE 53100
Founded
28-04-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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