M.J.
ActiveSummary
M.J. has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-137k) and a net result of €-127k. Equity is shrinking by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-16
Solvency0▼-23
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.82 in 2024; short-term debt: 148.4% and cash: 7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-50.4%
Return on assets
-46.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-137k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 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
7 d early
2023
84 d early
2022
83 d early
2021
5 d early
2020
on the day
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€-137k▼ 1,243%
2024 · €-10k
2018: €410k
2019: €431k
2020: €367k
2021: €238k
2022: €275k
2023: €304k
2024: €-10k
2018 → 2025
Total assets
€272k▼ 35.8%
2024 · €423k
2018: €532k
2019: €564k
2020: €625k
2021: €513k
2022: €538k
2023: €503k
2024: €423k
2018 → 2025
Net result
€-127k▼ 1,143%
2024 · €-10k
2018: €-29k
2019: €21k
2020: €-64k
2021: €-128k
2022: €37k
2023: €30k
2024: €-10k
2018 → 2025
Working capital
€-208k▼ 181%
2024 · €-74k
2018: €371k
2019: €392k
2020: €339k
2021: €275k
2022: €277k
2023: €290k
2024: €-74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€238k-€275k▲ 15.3%€304k▲ 10.8%€-10k€-137k▼ 1,243%
Operating result€-110k-€34k€31k▼ 9.2%€-28k€-130k▼ 361%
Net result€-128k-€37k€30k▼ 18.9%€-10k€-127k▼ 1,143%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €130k in 2025 against €28k 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 €272k
Fixed assets
€76k ▼ 16.0%
Current assets
€196k ▼ 41.1%
Key figures and ratios
EBITDA
€-105k▼
2024 · €-16k
Cash flow
€-102k▼
2024 · €2k
Solvency
-50.4%▼
2024 · -2.4%
Current ratio
0.48▼
2024 · 0.82
Quick ratio
0.34▼
2024 · 0.62
Debt to equity
-2.98▲
2024 · -42.47
ROA
-46.6%▼
2024 · -2.4%
Interest coverage
-63.52▼
2024 · -2.84
Debt
€409k▼
2024 · €434k
Debt ≤ 1 year
€404k▼
2024 · €407k
Debt > 1 year
€5k▼
2024 · €27k
Income taxes
€4k▲
2024 · €213
Staff costs
€85k▼
2024 · €151k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€423k€272k▼
Fixed assets21/28€91k€76k▼
Tangible fixed assets22/27€90k€76k▼
Plant, machinery and equipment23€73k€55k▼
Furniture and vehicles24-€7k
Other tangible fixed assets26€17k€14k▼
Financial fixed assets28€630€630=
Current assets29/58€332k€196k▼
Stocks and contracts in progress3€81k€60k▼
Stocks30/36€81k€60k▼
Amounts receivable within one year40/41€136k€115k▼
Trade receivables40-€538
Other amounts receivable41€136k€115k▼
Cash at bank and in hand54/58€116k€19k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€423k€272k▼
Equity10/15€-10k€-137k▼
Contributions10/11€110k€110k=
Capital10€110k€110k=
Issued capital100€110k€110k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€0-
Profit (loss) carried forward14€-126k€-253k▼
Amounts payable17/49€434k€409k▼
Amounts payable after more than one year17€27k€5k▼
Financial debts170/4€27k€5k▼
Amounts payable within one year42/48€407k€404k▼
Financial debts43€27k€15k▼
Credit institutions430/8€27k€15k▼
Trade debts44€30k€18k▼
Suppliers440/4€30k€18k▼
Taxes, remuneration and social security45€11k€17k▲
Taxes450/3€0€4k▲
Remuneration and social security454/9€11k€13k▲
Other amounts payable47/48€339k€354k▲
Income statement
Code20242025
Non-recurring operating income76A€348-
Remuneration, social security and pensions62€151k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€25k▲
Other operating charges640/8€12k€1k▼
Gross operating margin9900€147k€-19k▼
Operating profit (loss)9901€-28k€-130k▼
Financial income75/76B€24k€8k▼
Recurring financial income75€24k€8k▼
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Non-recurring financial charges66B-€73
Profit (loss) for the period before taxes9903€-10k€-123k▼
Income taxes67/77€213€4k▲
Profit (loss) for the period9904€-10k€-127k▼
Transfer from tax-exempt reserves789€38k-
Profit (loss) for the period to be appropriated9905€27k€-127k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-126k€-253k▼
Profit (loss) brought forward from the previous period14P€-154k€-126k▲
Social balance
Average headcount (FTE)90874.9-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 52 days late
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €37k
Net result €37k after 2 loss-making years.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2004
05-03
State Gazette act
Incorporation · Founder
Corporate purpose · Member admission
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Malle · 1 establishment unit since 1900
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Antwerpsesteenweg 4742390 MalleGround area
2,506 m²
Building footprint
533 m²
Parcel 11049C0183/00A002, Flanders. Linked by address, not a title deed.
1 establishment unit
M.J NV
since 19002.007.194.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0183/00A002 | Flanders | 2,506 m² | 1 · 533 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
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MIGRE
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100 DESSOUS
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,636 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-04-1972
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47120Other non-specialised retail sale
47721Retail sale of footwear
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.