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MAAHEN

Active
Rue Fond-de-Coy 20 ·4020 Liège, Belgium
Open bankruptcy
KBO/BCE: BE 0817.694.558
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Age16 yrs

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for MAAHEN according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-92k) and a net result of €-28k.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

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.

Insolvency timeline

1 events
29-09-2023
Bankruptcy Opening
Date: 25-09-2023 · Tribunal de l’entreprise de Liège, division Liège · MAAHEN SA RUE FOND-DE-COY 20/3, 4020 LIEGE 2 · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Trust signals

2 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

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-28k+79.0%
Working capital€33k-39.9%
Directors2

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · verkort
€-200k€-100k€0Operating result 2018: €-8k€-8kNet result 2018: €-8k€-8kOperating result 2019: €-138k€-138kNet result 2019: €-161k€-161kOperating result 2020: €41k€41kNet result 2020: €-133k€-133kOperating result 2021: €-13k€-13kNet result 2021: €-28k€-28k2018201920202021
Operating resultNet result
Sector comparison
Fiscal year 2021 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -24.5% 29.4%
better than 9% of 677 sector peers
Net result €-28k €26k
better than 15% of 675 sector peers
Equity €-92k €177k
better than 7% of 677 sector peers
Gross operating margin €-4k €189k
better than 6% of 675 sector peers
Staff costs €3k €117k
higher than 5% of 428 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-7k
- far below sector median
Net profit
€-28k
+79.0% far below sector median
Cash flow
€-22k
+82.5% far below sector median
Total assets
€375k
-1.7% +199% vs sector
Equity
€-92k
-43.6% far below sector median
Working capital
€33k
-39.9% far above sector median
Employees (FTE)
2
-66.7% -63% vs sector
Staff costs
€3k
- -98% vs sector
Income taxes
€2k
- -81% vs sector
Debt
€467k
+4.8% far above sector median
Debt ≤ 1y
€239k
+9.8% +165% vs sector
Debt > 1y
€225k
0.0% far above sector median
Current ratio
1.14
-9.2% -25% vs sector
Quick ratio
1.14
-9.2% -5% vs sector
Solvency
-24.5%
-46.1% far below sector median
Debt / equity
-5.07
-44.4% far below sector median
ROE
30.4%
-85.4% far above sector median
ROA
-7.5%
+78.7% far below sector median
Interest coverage
-0.49
- far below sector median
Figures by fiscal year
Fiscal year2021
Revenue-
EBITDA€-7k
Net profit€-28k
Cash flow€-22k
Staff costs€3k
Income taxes-
Dividends-
Total assets€375k
Equity€-92k
Debt€467k
of which ≤ 1y€239k
of which > 1y€225k
Working capital€33k
Employees (FTE)-
Ratios (computed)
2021
Current ratio1.14
Quick ratio1.14
Working capital ratio8.9%
Solvency-24.5%
Debt / equity-5.07
Long-term debt ratio-2.45
Interest coverage-0.49
Gross margin-
Net margin-
ROA-7.5%
ROE30.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€375k
Fixed assets 21/28€103k
Tangible fixed assets 22/27€12k
Financial fixed assets 28€91k
Current assets 29/58€272k
Amounts receivable within one year 40/41€268k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€375k
Equity 10/15€-92k
Contributions / capital 10/11€63k
Reserves 13€6k
Accumulated profits (losses) 14€-161k
Amounts payable 17/49€467k
Amounts payable after one year 17€225k
Amounts payable within one year 42/48€239k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€-4k
Operating result 9901€-13k
Financial income 75€173
Financial charges 65€15k
Result before taxes 9903€-28k
Net result for the period 9904€-28k
Result to be appropriated 9905€-28k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Insolvency mandates

2 mandates
Role Name Tenure Source
Curator ISABELLE BIEMAR
QUAI DE ROME, 25, 4000 LIEGE 1-
25-09-2023 → present Belgian State Gazette
Curator OLIVIER EVRARD
QUAI DE ROME, 25, 4000 LIEGE 1
25-09-2023 → present Belgian State Gazette

Legal Structure

NACE primary Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte(47221)
Legal form Public limited company(014)
Incorporation11-08-2009
StatusActive
Postal code4020
First BS signal 29-09-2023
Latest BS signal 29-09-2023

Structure & network

Company structure: linked entities

2 linked entities

Locations & real estate

Establishment units

1 location
MAAHEN NV
Rue Fond-de-Coy 20, 4020 LiègeManagementsactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enz.
since 20092.180.094.794
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area102 m²
Buildings1
Building footprint38 m²
Volume (LiDAR)318 m³
Tallest building9.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62059B0497/00L000 Wallonia 102 m² 1 · 38 m² 9.3 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
29-09-2023
Bankruptcy Opening
Date: 25-09-2023 · Tribunal de l’entreprise de Liège, division Liège · MAAHEN SA RUE FOND-DE-COY 20/3, 4020 LIEGE 2 · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-09-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability100Solvency48Growth32Stability0
36 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 48
Growth 32
Stability 0

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Detailhandel in vlees en vleesproducten in gespecialiseerde winkels, m.u.v. vlees van wild en van gevogelte47221Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221
Primary activity highlighted.
Names & trade names
Legal nameFR MAAHEN
Registered office
Rue Fond-de-Coy 20 bus 3
4020 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.