Equity
€54,766 from €94,423 in 2022
Equity fell by 42% in 3 years.
MLAE
Lifetime
5 annual accounts with figures on one time axispeak €131,379 (2025)
€131,379▲ 2.4%
lowest -€31,739 (2023)
€51,766▲ €61,587
peak €94,423 (2022)
€54,766▲ 326%
€864,210▼ 9.3%
Board1 name since 2020
1 directorLENAERTS Marc
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Back to profit: €51,766Dividend €9,862Equity from €12,862 to €54,766Cash from €17,913 to €8,730
Key points
from the 2025 annual accountsResult
€51,766 €51,766
Back in profit in 2025, after a loss of €9,821 in 2024.
Turnover
≈ €270,000 estimated
The micro format states no turnover.
Debts
€864,210 94% of the balance sheet
Financial debts 92%Suppliers 0%Taxes and wages 1%Other 6%
Of this, €62,891 falls due within a year.
Filings
5 annual accounts 2 late
The 2022 accounts came latest: 26 days after the end of the period.
Position in the sector
6.0%
Lower solvency than 87% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
Checked score
87
Excellent
Financially stronger than 43% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.5%▼ -0.4 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.2%▼ -0.3 percentage points vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.43, cash €8,730, halved
lowers risk
Size: total assets €918,975
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Figures for financial year 2025 (filed on 25-06-2026)
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 71, micro). It does better than 13% of them on solvency, 35% on liquidity, 26% on profitability and 98% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 875 companies had the same profile as MLAE has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.9%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MLAE itself: 0.2% 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 875 companies, not a prediction for MLAE. 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 €4,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.43 (0.38 in 2024), below 1. Short-term debt is 6.8% and cash 0.9% of total assets. 94% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 12%
← weakest
strongest →
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 25-06-2026, 36 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
36 days early
2024
31 days early
2023
26 days early
2022
26 days late
2021
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 13 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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. The company usually files around 6 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0750502064
Registered office moved within Hasselt
New registered office: Priorijlaan 7-3500 Hasselt · Previous registered office: Maastrichtersteenweg 207/0.01, 3500 HASSELT · General meeting of 14-07-2023 · Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: LENAERTS Marc · Appointment: LENAERTS Marc (director) · published on 14-07-2020 · Gazette deed
First establishment
Priorijlaan 7, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MLAE Hasselt | €0.9m | €131,379 | 6.0% | - |
| SEDIAP Hydraulics Mouscron | €0.9m | €134,658 | 15.1% | - |
| LEURIDENT-MOULIN Soignies | €0.8m | €115,807 | 3.9% | 0.8 |
| NTS CONSULTING & INVEST Charleroi | €1.1m | €146,989 | 3.5% | - |
| ArNaSa Lanaken | €1.1m | €160,089 | 39.5% | - |
| Fuselab Peer | €1.2m | €155,247 | 35.1% | - |
| JYB Engineering Colfontaine | €0.9m | €138,430 | 26.7% | - |
These companies have the same main activity as MLAE: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €844,000 and €1.2m, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 10-07-2020Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 4 others
- Establishment unit
- 2.304.958.2433500 Hasselt, since 10-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2024
Annual accounts 2025
- €918,975▼ 4.8%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on MLAE
MLAE files the micro format. That format states no turnover. The gross margin rose from €70,853 in 2021 to €131,379 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
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 MLAE
- What is the company number of MLAE?
- The company number of MLAE is 0750.502.064. The VAT number is the same number with BE in front: BE 0750.502.064.
- Where is MLAE based?
- The registered office is at Priorijlaan 7, 3500 Hasselt.Company details
- What does MLAE do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of MLAE?
- MLAE is a private limited company (BV).
- When was MLAE founded?
- MLAE was founded on 10-07-2020.
- Is MLAE still active?
- Yes, MLAE is an active enterprise in the KBO register.
- What is the turnover of MLAE?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €131,379 and 36 comparable companies (NACE 711). It probably lies between €200,000 and €340,000.Financials
- Is MLAE profitable?
- In financial year 2025, MLAE made a profit of €51,766.
- Where can I find the annual accounts of MLAE?
- MLAE filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MLAE due?
- MLAE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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