MZL
ActiveSummary
MZL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €17k. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-13
Solvency44▼-2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.57 in 2023; short-term debt: 46.2% and cash: 1.5% of total assets), and 81.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
18.9%
Return on assets
5.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
9 d late
2022
45 d early
2021
41 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€58k▲ 39.4%
2023 · €42k
Total assets
€309k▲ 54.9%
2023 · €199k
Net result
€17k▼ 29.4%
2023 · €23k
Working capital
€-49k▼ 76.7%
2023 · €-28k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€10k-€14k▲ 34.7%€35k▲ 150%€30k▼ 14.3%
Net result€7k-€9k▲ 28.1%€23k▲ 169%€17k▼ 29.4%
Equity€10k-€18k▲ 88.8%€42k▲ 127%€58k▲ 39.4%
Total assets€213k-€186k▼ 12.6%€199k▲ 7.1%€309k▲ 54.9%
Debt€203k-€167k▼ 17.5%€157k▼ 6.0%€250k▲ 59.1%
Working capital€-67k-€-64k▲ 5.3%€-28k▲ 56.1%€-49k▼ 76.7%
Staff (FTE)0.30.9▲ 200%3.1▲ 244%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €309k
Fixed assets
€215k ▲ 33.0%
Current assets
€93k ▲ 151%
Equity and liabilities €309k
Equity
€58k ▲ 39.4%
Debt
€250k ▲ 59.1%
Debt's share of the balance-sheet total rises from 79.0% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2023 · €40k
Cash flow
€29k▲
2023 · €29k
Current ratio
0.65▲
2023 · 0.57
Quick ratio
0.62▲
2023 · 0.44
Debt to equity
4.29▲
2023 · 3.76
ROE
28.3%▼
2023 · 55.9%
ROA
5.4%▼
2023 · 11.7%
Interest coverage
5.37▼
2023 · 8.92
Debt ≤ 1 year
€143k▲
2023 · €65k
Debt > 1 year
€108k▲
2023 · €92k
Income taxes
€7k▼
2023 · €7k
Staff costs
€89k▲
2023 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4k | - |
| Remuneration, social security and pensions62 | - | €14k | €27k | €89k | ▲ 234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €7k | €5k | €13k | ▲ 132% |
| Other operating charges640/8 | €360 | - | €386 | €3k | ▲ 733% |
| Gross operating margin9900 | €14k | €34k | €67k | €134k | ▲ 100% |
| Operating profit (loss)9901 | €10k | €14k | €35k | €30k | ▼ 14.3% |
| Financial income75/76B | €0 | - | €6 | €1k | ▲ 25,017% |
| Recurring financial income75 | €0 | - | €6 | €1k | ▲ 25,017% |
| Financial charges65/66B | €1k | €2k | €5k | €8k | ▲ 75.7% |
| Recurring financial charges65 | €1k | €2k | €5k | €8k | ▲ 75.7% |
| Profit (loss) for the period before taxes9903 | €9k | €12k | €30k | €23k | ▼ 23.1% |
| Income taxes67/77 | €2k | €3k | €7k | €7k | ▼ 1.5% |
| Profit (loss) for the period9904 | €7k | €9k | €23k | €17k | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €7k | €9k | €23k | €17k | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €213k | €186k | €199k | €309k | ▲ 54.9% |
| Fixed assets21/28 | €171k | €166k | €162k | €215k | ▲ 33.0% |
| Intangible fixed assets21 | - | - | - | €28k | - |
| Tangible fixed assets22/27 | €171k | €166k | €162k | €188k | ▲ 15.9% |
| Land and buildings22 | €171k | €164k | €159k | €182k | ▲ 14.2% |
| Plant, machinery and equipment23 | - | €1k | €3k | €2k | ▼ 27.5% |
| Furniture and vehicles24 | - | - | - | €4k | - |
| Current assets29/58 | €42k | €20k | €37k | €93k | ▲ 151% |
| Stocks and contracts in progress3 | - | - | €9k | €5k | ▼ 48.3% |
| Stocks30/36 | - | - | €9k | €5k | ▼ 48.3% |
| Amounts receivable within one year40/41 | €35k | €13k | €21k | €83k | ▲ 289% |
| Trade receivables40 | €2k | €13k | €20k | €43k | ▲ 114% |
| Other amounts receivable41 | €33k | - | €1k | €39k | ▲ 3,457% |
| Cash at bank and in hand54/58 | €7k | €7k | €7k | €5k | ▼ 32.3% |
| Deferred charges and accrued income490/1 | - | - | €372 | €1k | ▲ 292% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €213k | €186k | €199k | €309k | ▲ 54.9% |
| Equity10/15 | €10k | €18k | €42k | €58k | ▲ 39.4% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €7k | €15k | €39k | €55k | ▲ 42.5% |
| Amounts payable17/49 | €203k | €167k | €157k | €250k | ▲ 59.1% |
| Amounts payable after more than one year17 | €94k | €83k | €92k | €108k | ▲ 16.7% |
| Financial debts170/4 | €94k | €83k | €92k | €108k | ▲ 16.7% |
| Amounts payable within one year42/48 | €109k | €84k | €65k | €143k | ▲ 119% |
| Current portion of amounts payable after more than one year42 | €46k | €10k | €21k | €33k | ▲ 56.6% |
| Trade debts44 | €2k | €3k | €21k | €65k | ▲ 204% |
| Suppliers440/4 | €2k | €3k | €21k | €65k | ▲ 204% |
| Taxes, remuneration and social security45 | €2k | €11k | €23k | €45k | ▲ 95.6% |
| Taxes450/3 | €2k | €9k | €16k | €33k | ▲ 103% |
| Remuneration and social security454/9 | - | €3k | €7k | €12k | ▲ 78.2% |
| Other amounts payable47/48 | €60k | €60k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €9k | €23k | €17k | ▼ 29.4% |
| + Depreciation and write-downs630 | €4k | €7k | €5k | €13k | ▲ 132% |
| Operating cash flow (approximation) | €11k | €15k | €29k | €29k | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-66k | ▼ 3,209% |
| Change in cash | - | €212 | €-415 | €-2k | ▼ 433% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Highest result since 2021net €23k ▲169%
Operating result €35k, net result €23k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Wavre · 1 establishment unit since 2021
Ground area
1,492 m²
Building footprint
74 m²
Volume, LiDAR
746 m³
Parcel 25006D0190/00H000, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MZL
since 20212.312.003.116
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006D0190/00H000 | Wallonia | 1,492 m² | 1 · 74 m² | 13.7 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
MEDIA ACTIE KUREGEM STAD
BE 0874.873.682
Anderlecht · Eq €58,160
Human Orga
BE 0543.683.218
Elsene · Eq €58,110
Alternatief diensten
BE 0450.292.608
Hasselt · Eq €58,715
Learn For Life
BE 0801.617.106
Antwerpen · Eq €57,895
INSTANT TRAINING
BE 0477.374.909
Linkebeek · Eq €58,941
Of 3,019 companies in sector 85592 we hold annual accounts for 988. 713 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
Founded19-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
47120Other non-specialised retail sale
47715Retail trade
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.