MAJ'S
ActiveMAJ'S has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €58k. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+70
Solvency30▲+30
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.26 in 2024; short-term debt: 95.2% and cash: 35.6% of total assets), and 95.2% of the assets are financed with debt.
Credit advice 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 · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
14.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
12 d early
2022
20 d early
2021
12 d early
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k
2024 · €-33k
2018: €10k
2019: €9k
2020: €8k
2021: €7k
2022: €7k
2023: €-33k
2024: €-33k
2018 → 2025
Total assets
€413k▲ 1,986%
2024 · €20k
2018: €149k
2019: €115k
2020: €114k
2021: €113k
2022: €113k
2023: €940
2024: €20k
2018 → 2025
Net result
€58k
2024 · €-365
2018: €-444
2019: €-764
2020: €-830
2021: €-650
2022: €-722
2023: €-40k
2024: €-365
2018 → 2025
Working capital
€-98k▼ 148%
2024 · €-39k
2018: €10k
2019: €9k
2020: €8k
2021: €7k
2022: €7k
2023: €-33k
2024: €-39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€7k▼ 9.8%€-33k€-33k▼ 1.1%€20k
Operating result€-618-€-688▼ 11.4%€-40k▼ 5,657%€-481▲ 98.8%€50k
Net result€-650-€-722▼ 11.1%€-40k▼ 5,389%€-365▲ 99.1%€58k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €50k after a loss of €481 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €413k
Fixed assets
€118k▲ 1,845%
Current assets
€296k▲ 2,049%
Equity and liabilities €413k
Equity
€20k
Debt
€394k
Debt finances 95.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€61k▲
2024 · €-430
Cash flow
€69k▲
2024 · €-314
Solvency
4.8%▲
2024 · -168.4%
Current ratio
0.75▲
2024 · 0.26
Quick ratio
0.44▲
2024 · 0.18
Debt / equity
19.88▲
2024 · -1.59
ROE
293.9%
ROA
14.1%▲
2024 · -1.8%
Interest coverage
73.44▲
2024 · -11.01
Debt
€394k▲
2024 · €53k
Debt ≤ 1 year
€394k▲
2024 · €53k
Income taxes
€106▲
2024 · €1
Staff costs
€40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20k€413k▲
Fixed assets21/28€6k€118k▲
Tangible fixed assets22/27€6k€118k▲
Land and buildings22€6k€68k▲
Plant, machinery and equipment23-€8k
Furniture and vehicles24-€43k
Current assets29/58€14k€296k▲
Stocks and contracts in progress3€4k€122k▲
Stocks30/36€4k€122k▲
Amounts receivable within one year40/41€4k€27k▲
Trade receivables40€2k€26k▲
Other amounts receivable41€1k€561▼
Cash at bank and in hand54/58€6k€147k▲
Equity and liabilities
Total equity and liabilities10/49€20k€413k▲
Equity10/15€-33k€20k▲
Contributions10/11€19k€19k=
Reserves13-€1k
Distributable reserves133-€1k
Profit (loss) carried forward14€-52k-
Amounts payable17/49€53k€394k▲
Amounts payable within one year42/48€53k€394k▲
Trade debts44€4k€144k▲
Suppliers440/4€4k€144k▲
Taxes, remuneration and social security45-€23k
Taxes450/3-€19k
Remuneration and social security454/9-€4k
Other amounts payable47/48€49k€227k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€40k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51€11k▲
Other operating charges640/8-€2k
Gross operating margin9900€-430€103k▲
Operating profit (loss)9901€-481€50k▲
Financial income75/76B€156€9k▲
Recurring financial income75€156€9k▲
Financial charges65/66B€39€829▲
Recurring financial charges65€39€829▲
Profit (loss) for the period before taxes9903€-365€58k▲
Income taxes67/77€1€106▲
Profit (loss) for the period9904€-365€58k▲
Profit (loss) for the period to be appropriated9905€-365€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€6k▲
Profit (loss) brought forward from the previous period14P€-52k€-52k▼
Transfer to equity691/2-€1k
To other reserves6921-€1k
Profit to be distributed694/7-€5k
Directors or managers695-€5k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €58k
Net result €58k after 7 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Wingene · 1 establishment unit since 1999
Ground area
1,333 m²
Building footprint
606 m²
Parcel 37019C0111/00V000, Flanders. Linked by address, not a title deed.
1 establishment unit
Kioto Fashion
since 19992.089.954.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0111/00V000 | Flanders | 1,333 m² | 1 · 606 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.
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Of 6,501 companies in sector 47716 we hold annual accounts for 2,438. 1,568 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-1998
Fiscal year end31-12
Trade name NL
Kioto Fashion
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.