MAJEREL
ActiveMAJEREL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €720k and a net result of €73k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 6.77 against 7.91 in 2024; short-term debt: 14% and cash: 18.5% of total assets), and 14% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
86%
Return on assets
8.7%
Age of the figures
12 mo
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
48 d early
2024
44 d early
2023
39 d early
2022
45 d early
2021
38 d early
2020
39 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€73k▼ 4.0%
2024 · €76k
2018: €31k
2019: €53k
2020: €77k
2021: €74k
2022: €103k
2023: €107k
2024: €76k
2018 → 2025
Working capital
€676k▲ 12.6%
2024 · €600k
2018: €94k
2019: €148k
2020: €229k
2021: €305k
2022: €412k
2023: €521k
2024: €600k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€362k-€465k▲ 28.4%€571k▲ 23.0%€647k▲ 13.3%€720k▲ 11.3%
Operating result€106k-€145k▲ 37.0%€150k▲ 3.6%€100k▼ 33.1%€100k▼ 0.7%
Net result€74k-€103k▲ 38.6%€107k▲ 3.8%€76k▼ 28.7%€73k▼ 4.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €837k
Fixed assets
€45k▼ 5.7%
Current assets
€793k▲ 15.4%
Equity and liabilities €837k
Equity
€720k▲ 11.3%
Debt
€117k▲ 34.8%
The debt ratio rises from 11.8% to 14.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102k▼
2024 · €103k
Cash flow
€76k▼
2024 · €79k
Solvency
86.0%▼
2024 · 88.2%
Current ratio
6.77▼
2024 · 7.91
Quick ratio
6.77▼
2024 · 7.91
Debt / equity
0.16▲
2024 · 0.13
ROE
10.1%▼
2024 · 11.7%
ROA
8.7%▼
2024 · 10.4%
Interest coverage
45.09▲
2024 · 42.98
Debt
€117k▲
2024 · €87k
Debt ≤ 1 year
€117k▲
2024 · €87k
Income taxes
€34k▼
2024 · €35k
Staff costs
€35k▲
2024 · €17k
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€734k€837k▲
Fixed assets21/28€47k€45k▼
Tangible fixed assets22/27€47k€45k▼
Land and buildings22€45k€43k▼
Furniture and vehicles24€502€80▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€0-
Current assets29/58€687k€793k▲
Amounts receivable within one year40/41€274k€313k▲
Trade receivables40€49k€49k▼
Other amounts receivable41€225k€264k▲
Current investments50/53€275k€324k▲
Cash at bank and in hand54/58€138k€155k▲
Deferred charges and accrued income490/1-€400
Equity and liabilities
Total equity and liabilities10/49€734k€837k▲
Equity10/15€647k€720k▲
Contributions10/11€12k€12k=
Reserves13€484k€556k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€482k€554k▲
Profit (loss) carried forward14€151k€152k▲
Amounts payable17/49€87k€117k▲
Amounts payable within one year42/48€87k€117k▲
Current portion of amounts payable after more than one year42€12k€11k▼
Trade debts44€55k€79k▲
Suppliers440/4€55k€79k▲
Taxes, remuneration and social security45€13k€21k▲
Taxes450/3€12k€21k▲
Remuneration and social security454/9€1k€498▼
Other amounts payable47/48€8k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€17k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€123k€139k▲
Operating profit (loss)9901€100k€100k▼
Financial income75/76B€13k€9k▼
Recurring financial income75€13k€9k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€111k€107k▼
Income taxes67/77€35k€34k▼
Profit (loss) for the period9904€76k€73k▼
Profit (loss) for the period to be appropriated9905€76k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€226k€224k▼
Profit (loss) brought forward from the previous period14P€150k€151k▲
Transfer to equity691/2€75k€72k▼
To other reserves6921€75k€72k▼
Social balance
Average headcount (FTE)90871.0-
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
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €107k ▲3.8%
Operating result €150k, net result €107k, both a record.
30-09
Financial
Equity above €500kEq €571k ▲23%
6 profitable years in a row build equity to €571k.
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Equity above €200kEq €210k ▲33.8%
2 profitable years in a row build equity to €210k.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 2007
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.
Rue de l'Eglise de Sart 81490 Court-Saint-EtienneGround area
1,384 m²
Building footprint
210 m²
Volume, LiDAR
1,152 m³
Parcel 25023F0009/00D000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAJEREL
since 20072.161.136.640
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023F0009/00D000 | Wallonia | 1,384 m² | 1 · 210 m² | 6.8 m · 2 fl. |
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.
Similar companies · same sector, comparable size
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JOIN US
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D. DE DYCKER
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MATTHYS-CONSTRUCT
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ALL-MR
BE 0861.572.311
Peer · Eq €737k
Of 732 companies in sector 46820 we hold annual accounts for 388. 280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2007
Fiscal year end30-09
Activities, NACEBEL
46820Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
46120Wholesale trade
46869Wholesale trade
68110Buying and selling of own real estate
70210Activities of head offices; management consultancy activities
73200Market research and public opinion polling
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:010 615656