Checked.be
Active
BE 0750.813.256Private limited companyOpen bankruptcy
MA Group
· 6 yrs active
Conclusion
A bankruptcy procedure is open for MA Group according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €15k and a net result of €13k.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €15k |
| Net result | €13k |
| Active | 6 yrs |
| Board | 1 |
Financial profile
52
/ 100
Mixed profile: strong on profitability, weaker on stability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
24
Profitability
100
Solvency
86
Growth
-
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
53 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
Address struck
Health barometer
24
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-06-2022 with the NBB · fiscal year 2021 · micro
| Fiscal year | 2021 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €20k |
| Net profit | €13k |
| Cash flow | €13k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €32k |
| Equity | €15k |
| Debt | €18k |
| of which ≤ 1y | €18k |
| of which > 1y | - |
| Working capital | €14k |
| Employees (FTE) | - |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 1.79 |
| Quick ratio | 1.79 |
| Working capital ratio | 43.5% |
| Solvency | 45.3% |
| Debt / equity | 1.21 |
| Long-term debt ratio | - |
| Interest coverage | 5.25 |
| Gross margin | - |
| Net margin | - |
| ROA | 39.1% |
| ROE | 86.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2021
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €32k |
| Formation expenses | 20 | €584 |
| Current assets | 29/58 | €32k |
| Amounts receivable within one year | 40/41 | €32k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €32k |
| Equity | 10/15 | €15k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €13k |
| Amounts payable | 17/49 | €18k |
| Amounts payable within one year | 42/48 | €18k |
| Trade debts payable within one year | 44 | €14k |
| Income statement | ||
| Gross operating margin | 9900 | €22k |
| Operating result | 9901 | €20k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €16k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €13k |
| Result to be appropriated | 9905 | €13k |
Ratios computed by Checked.
Directors & mandates
Current directors & mandates
-
Mihaylova BoryanaDirectorState Gazette act 24141038 (30-09-2024)Current01-06-2024 → present
Former directors (1)
-
Ali MehmetDirectorState Gazette act 24141038 (30-09-2024)Former- → 01-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | ALEXIA DE CLERCQ EDGARD GEVAERTDREEF 10,
9830 SINT-MARTENS-LATEM |
13-01-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 17-07-2020 |
| Status | Active |
| Postal code | - |
| First BS signal | 19-01-2026 |
| Latest BS signal | 19-01-2026 |
Establishment units
MA Group
since 20202.305.004.070
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018B0015/00T000 | Flanders | 189 m² | 1 · 65 m² | 8.5 m · 3 fl. |
| 44021A2106/00_000 | Flanders | 116 m² | 1 · 127 m² | 11.6 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
19-01-2026
Bankruptcy
Opening
2025
12-05-2025
KBO administration
Address struck
2024
30-09-2024
State Gazette act
Capital & shares
2022
14-06-2022
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
19-01-2026
Bankruptcy
Opening
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 28-04-2025 to 13-01-2026.
Available in Kantoor S.
See plans →
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 1
30-09-2024
Capital change
All acts · 1
updated 1 year ago
2024
30-09-2024 Transaction in capital or shares
Technical details
{
"events": [],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-09-30",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": null,
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2024-06-01"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0750.813.256",
"name_full": "MA Group",
"legal_form": "B.V.",
"_kbo_filled_from_list": true,
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": "Mihaylova Boryana",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "Mihaylova Boryana",
"role": "g\u00E9rant_statutaire",
"n_shares": null,
"share_class": null
}
],
"share_classes_after": []
}Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | MA Group |
Registration history
- 28-04-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.