MAVAC
ActiveSummary
MAVAC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.37M and a net result of €197k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+28
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 54.4 against 33.11 in 2024; short-term debt: 1.6% and cash: 6.1% of total assets), and 1.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
98.2%
Return on assets
5.7%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
53 d late
2023
28 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.37M▲ 4.7%
2024 · €3.21M
2018: €3.60M
2019: €4.16M
2020: €4.38M
2021: €4.54M
2022: €4.31M
2023: €4.40M
2024: €3.21M
2018 → 2025
Total assets
€3.43M▲ 3.8%
2024 · €3.30M
2018: €3.81M
2019: €4.39M
2020: €4.54M
2021: €4.95M
2022: €4.63M
2023: €4.44M
2024: €3.30M
2018 → 2025
Net result
€197k▲ 80.3%
2024 · €109k
2018: €971k
2019: €562k
2020: €431k
2021: €663k
2022: €119k
2023: €88k
2024: €109k
2018 → 2025
Working capital
€2.85M▲ 0.6%
2024 · €2.83M
2018: €3.63M
2019: €4.17M
2020: €4.29M
2021: €4.45M
2022: €4.13M
2023: €4.10M
2024: €2.83M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.54M-€4.31M▼ 5.2%€4.40M▲ 2.0%€3.21M▼ 26.9%€3.37M▲ 4.7%
Operating result€982k-€407k▼ 58.5%€109k▼ 73.3%€90k▼ 17.4%€132k▲ 46.6%
Net result€663k-€119k▼ 82.0%€88k▼ 26.2%€109k▲ 23.9%€197k▲ 80.3%
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 recovers in 2025; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.43M
Fixed assets
€525k ▲ 37.2%
Current assets
€2.90M ▼ 0.6%
Equity and liabilities €3.43M
Equity
€3.37M ▲ 4.7%
Debt
€60k ▼ 31.6%
Debt's share of the balance-sheet total falls from 2.7% to 1.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142k▲
2024 · €95k
Cash flow
€208k▲
2024 · €114k
Current ratio
54.40▲
2024 · 33.11
Debt to equity
0.02▼
2024 · 0.03
ROE
5.8%▲
2024 · 3.4%
ROA
5.7%▲
2024 · 3.3%
Interest coverage
910.49▲
2024 · 2.99
Debt ≤ 1 year
€53k▼
2024 · €88k
Income taxes
€46k▼
2024 · €74k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.30M€3.43M▲
Fixed assets21/28€383k€525k▲
Tangible fixed assets22/27€7k€93k▲
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€4k€87k▲
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€376k€432k▲
Current assets29/58€2.92M€2.90M▼
Amounts receivable within one year40/41€143k€107k▼
Trade receivables40€139k€97k▼
Other amounts receivable41€5k€10k▲
Current investments50/53€2.57M€2.58M▲
Cash at bank and in hand54/58€208k€210k▲
Deferred charges and accrued income490/1€785€511▼
Equity and liabilities
Total equity and liabilities10/49€3.30M€3.43M▲
Equity10/15€3.21M€3.37M▲
Contributions10/11€12k€12k=
Reserves13€3.20M€3.35M▲
Tax-exempt reserves132€0-
Distributable reserves133€3.20M€3.35M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€88k€60k▼
Amounts payable within one year42/48€88k€53k▼
Trade debts44€52k€2k▼
Suppliers440/4€52k€2k▼
Taxes, remuneration and social security45€36k€7k▼
Taxes450/3€36k€7k▼
Other amounts payable47/48€0€45k▲
Accrued charges and deferred income492/3€0€7k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Other operating charges640/8€349€53▼
Gross operating margin9900€95k€142k▲
Operating profit (loss)9901€90k€132k▲
Financial income75/76B€125k€112k▼
Recurring financial income75€125k€112k▼
Financial charges65/66B€32k€156▼
Recurring financial charges65€32k€156▼
Profit (loss) for the period before taxes9903€183k€243k▲
Income taxes67/77€74k€46k▼
Profit (loss) for the period9904€109k€197k▲
Transfer from tax-exempt reserves789€232k€0▼
Profit (loss) for the period to be appropriated9905€341k€197k▼
Appropriation of the result
Profit (loss) to be appropriated9906€341k€197k▼
Transfer from equity791/2€1.29M€0▼
Transfer to equity691/2€341k€152k▼
To other reserves6921€341k€152k▼
Profit to be distributed694/7€1.29M€45k▼
Return on contributions (dividend)694€1.29M€0▼
Directors or managers695-€45k
The notes to these accounts (12 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €88k ▼26.2%
Net result drops to €88k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 19current ratio 284.24
Current ratio from 14.69 to 284.24; short-term debt falls from €302k to €14k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
23-08
State Gazette act
General meeting · Legal-form conversion
Statutes amendment · Registered-office move
03-08
State Gazette act
General meeting · Legal-form conversion
Statutes amendment · Capital · Patrick COPPIETERS 't WALLANT
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
09-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Grimbergen · 1 establishment unit since 2010
Ground area
958 m²
Building footprint
200 m²
Volume, LiDAR
1,257 m³
Parcel 23005A0048/00F002, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mavac
since 20102.187.423.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005A0048/00F002 | Flanders | 958 m² | 1 · 200 m² | 9.7 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
72 locations
1 location
Recognitions · licences · registrations
Legal Entity Identifier
967600XVR3MYGMZ4DF67
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 1,286 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 formPrivate limited company
Founded14-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
63920Other information service activities
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.