Summary
REASON MAINCLA has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €120.16M and a net result of €552k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 31791 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €120.16M
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
42 d early
2023
63 d late
2022
4 d late
2021
54 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120.16M▲ 13,999%
2024 · €852k
2021: €-19klowest in 5 years
2022: €19k▲ +199% vs 2021
2023: €915k▲ +4645% vs 2022
2024: €852k▼ -6.8% vs 2023
2025: €120.16M▲ +13999% vs 2024highest in 5 years
2021 → 2025
Total assets
€120.99M▲ 11,080%
2024 · €1.08M
2021: €36klowest in 5 years
2022: €81k▲ +127% vs 2021
2023: €947k▲ +1071% vs 2022
2024: €1.08M▲ +14.3% vs 2023
2025: €120.99M▲ +11080% vs 2024highest in 5 years
2021 → 2025
Net result
€552k
2024 · €-62k
2021: €-24k
2022: €39k▲ +258% vs 2021
2023: €-5k▼ -112% vs 2022
2024: €-62k▼ -1236% vs 2023lowest in 5 years
2025: €552k▲ +985% vs 2024highest in 5 years
2021 → 2025
Working capital
€161k▲ 137%
2024 · €68k
2021: €10klowest in 5 years
2022: €65k▲ +558% vs 2021
2023: €605k▲ +833% vs 2022highest in 5 years
2024: €68k▼ -88.7% vs 2023
2025: €161k▲ +137% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-19k-€19k€915k▲ 4,645%€852k▼ 6.8%€120.16M▲ 13,999%
2021: €-19klowest in 5 years
2022: €19k▲ +199% vs 2021
2023: €915k▲ +4645% vs 2022
2024: €852k▼ -6.8% vs 2023
2025: €120.16M▲ +13999% vs 2024highest in 5 years
Operating result€-23k-€47k€-2k€-61k▼ 2,748%€-122k▼ 98.0%
2021: €-23k
2022: €47k▲ +301% vs 2021highest in 5 years
2023: €-2k▼ -105% vs 2022
2024: €-61k▼ -2748% vs 2023
2025: €-122k▼ -98.0% vs 2024lowest in 5 years
Net result€-24k-€39k€-5k€-62k▼ 1,236%€552k
2021: €-24k
2022: €39k▲ +258% vs 2021
2023: €-5k▼ -112% vs 2022
2024: €-62k▼ -1236% vs 2023lowest in 5 years
2025: €552k▲ +985% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €122k in 2025 against €61k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120.99M
Fixed assets
€120.82M ▲ 11,822%
Current assets
€178k ▲ 158%
Equity and liabilities €120.99M
Equity
€120.16M ▲ 13,999%
Debt
€829k ▲ 261%
Debt's share of the balance-sheet total falls from 21.2% to 0.7%. Equity and debt are higher.
Key figures and ratios
ROE
0.5%▲
2024 · -7.3%
ROA
0.5%▲
2024 · -5.8%
Debt ≤ 1 year
€16k▲
2024 · €669
Debt > 1 year
€813k▲
2024 · €229k
Income taxes
€50k▲
2024 · €391
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€120.99M▲
Fixed assets21/28€1.01M€120.82M▲
Tangible fixed assets22/27€1.01M€2.06M▲
Land and buildings22€676k€1.50M▲
Plant, machinery and equipment23-€55k
Furniture and vehicles24€5k€3k▼
Assets under construction and advance payments27€333k€493k▲
Financial fixed assets28-€118.76M
Current assets29/58€69k€178k▲
Amounts receivable within one year40/41€5k€167k▲
Other amounts receivable41€5k€167k▲
Cash at bank and in hand54/58€56k€4k▼
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€120.99M▲
Equity10/15€852k€120.16M▲
Contributions10/11€905k€119.67M▲
Reserves13-€499k
Distributable reserves133-€499k
Profit (loss) carried forward14€-53k-
Amounts payable17/49€230k€829k▲
Amounts payable after more than one year17€229k€813k▲
Financial debts170/4€229k€813k▲
Amounts payable within one year42/48€669€16k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€669€13k▲
Taxes450/3€669€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168k€149k▼
Other operating charges640/8€2k€12k▲
Gross operating margin9900€108k€39k▼
Operating profit (loss)9901€-61k€-122k▼
Financial income75/76B-€725k
Recurring financial income75-€725k
Financial charges65/66B€541€1k▲
Recurring financial charges65€541€1k▲
Profit (loss) for the period before taxes9903€-62k€602k▲
Income taxes67/77€391€50k▲
Profit (loss) for the period9904€-62k€552k▲
Profit (loss) for the period to be appropriated9905€-62k€552k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€499k▲
Profit (loss) brought forward from the previous period14P€10k€-53k▼
Transfer to equity691/2-€499k
To other reserves6921-€499k
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €11k | €51k | €168k | €149k | ▼ 11.2% |
| Other operating charges640/8 | €3k | €446 | €25k | €2k | €12k | ▲ 648% |
| Gross operating margin9900 | €-14k | €58k | €74k | €108k | €39k | ▼ 64.0% |
| Operating profit (loss)9901 | €-23k | €47k | €-2k | €-61k | €-122k | ▼ 98.0% |
| Financial income75/76B | - | - | - | - | €725k | - |
| Recurring financial income75 | - | - | - | - | €725k | - |
| Financial charges65/66B | €705 | €487 | €628 | €541 | €1k | ▲ 132% |
| Recurring financial charges65 | €705 | €487 | €628 | €541 | €1k | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €-24k | €47k | €-3k | €-62k | €602k | ▲ 1,071% |
| Income taxes67/77 | €415 | €8k | €2k | €391 | €50k | ▲ 12,716% |
| Profit (loss) for the period9904 | €-24k | €39k | €-5k | €-62k | €552k | ▲ 985% |
| Profit (loss) for the period to be appropriated9905 | €-24k | €39k | €-5k | €-62k | €552k | ▲ 985% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36k | €81k | €947k | €1.08M | €120.99M | ▲ 11,080% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €25k | €15k | €341k | €1.01M | €120.82M | ▲ 11,822% |
| Tangible fixed assets22/27 | €25k | €15k | €341k | €1.01M | €2.06M | ▲ 103% |
| Land and buildings22 | - | - | €236k | €676k | €1.50M | ▲ 123% |
| Plant, machinery and equipment23 | - | - | - | - | €55k | - |
| Furniture and vehicles24 | €25k | €15k | €5k | €5k | €3k | ▼ 36.5% |
| Assets under construction and advance payments27 | - | - | €101k | €333k | €493k | ▲ 48.1% |
| Financial fixed assets28 | - | - | - | - | €118.76M | - |
| Current assets29/58 | €10k | €65k | €605k | €69k | €178k | ▲ 158% |
| Amounts receivable within one year40/41 | €2k | €4k | €8k | €5k | €167k | ▲ 3,272% |
| Other amounts receivable41 | €2k | €4k | €8k | €5k | €167k | ▲ 3,272% |
| Cash at bank and in hand54/58 | €7k | €59k | €594k | €56k | €4k | ▼ 92.8% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €8k | €6k | ▼ 22.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36k | €81k | €947k | €1.08M | €120.99M | ▲ 11,080% |
| Equity10/15 | €-19k | €19k | €915k | €852k | €120.16M | ▲ 13,999% |
| Contributions10/11 | €5k | €5k | €905k | €905k | €119.67M | ▲ 13,123% |
| Reserves13 | - | - | - | - | €499k | - |
| Distributable reserves133 | - | - | - | - | €499k | - |
| Profit (loss) carried forward14 | €-24k | €14k | €10k | €-53k | - | - |
| Amounts payable17/49 | €55k | €62k | €32k | €230k | €829k | ▲ 261% |
| Amounts payable after more than one year17 | €54k | €61k | €32k | €229k | €813k | ▲ 255% |
| Financial debts170/4 | €54k | €61k | €32k | €229k | €813k | ▲ 255% |
| Amounts payable within one year42/48 | €600 | €585 | €104 | €669 | €16k | ▲ 2,312% |
| Trade debts44 | €185 | €169 | €104 | - | €3k | - |
| Suppliers440/4 | €185 | €169 | €104 | - | €3k | - |
| Taxes, remuneration and social security45 | €415 | €415 | - | €669 | €13k | ▲ 1,792% |
| Taxes450/3 | €415 | €415 | - | €669 | €13k | ▲ 1,792% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €39k | €-5k | €-62k | €552k | ▲ 985% |
| + Depreciation and write-downs630 | €6k | €11k | €51k | €168k | €149k | ▼ 11.2% |
| Operating cash flow (approximation) | €-18k | €49k | €47k | €105k | €700k | ▲ 566% |
| Investment in fixed assets (approximation) | - | €-1k | €-377k | €-840k | €-119.95M | ▼ 14,186% |
| Change in cash | - | €52k | €535k | €-538k | €-52k | ▲ 90.4% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €552k
Net result €552k after 2 loss-making years.
31-12
Financial
Equity above €100MEq €120.16M ▲13,999%
Equity rises from €852k to €120.16M.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
29-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
2023
31-12
Financial
Liquidity times 52current ratio 5819.63
Current ratio from 111.97 to 5819.63; short-term debt falls from €585 to €104.
31-12
Financial
Equity above €500kEq €915k ▲4,645%
Equity rises from €19k to €915k.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 111.97
Current ratio from 17.44 to 111.97; short-term debt falls from €600 to €585.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB 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.
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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, Court-Saint-Etienne · 1 establishment unit since 2020
Ground area
674 m²
Building footprint
122 m²
Volume, LiDAR
1,014 m³
Parcel 25023K0282/00W000, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
REASON MAINCLA
since 20202.311.283.831
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023K0282/00W000 | Wallonia | 674 m² | 1 · 122 m² | 11.7 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.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 960 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
Founded23-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.