MAZUIN IMMO
ActiveSummary
MAZUIN IMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.51M and a net result of €311k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 31% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-9
Solvency38▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.44 in 2023; short-term debt: 8.1% and cash: 0.4% of total assets), and 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
12.7%
Return on assets
1.1%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
8 d late
2022
12 d early
2021
22 d late
2020
40 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€311k▲ 45.6%
2023 · €214k
2019: €-86k
2021: €273k
2022: €166k
2023: €214k
2019 → 2024
Working capital
€-1.48M▼ 28.4%
2023 · €-1.15M
2019: €-92k
2021: €-1.23M
2022: €-1.73M
2023: €-1.15M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€314k-€3.58M▲ 1,042%€3.44M▼ 3.8%€3.40M▼ 1.1%€3.51M▲ 3.2%
Operating result€-11k-€445k€578k▲ 29.9%€750k▲ 29.9%€939k▲ 25.1%
Net result€-86k-€273k€166k▼ 39.1%€214k▲ 28.7%€311k▲ 45.6%
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27.69M
Fixed assets
€26.91M ▲ 22.9%
Current assets
€780k ▼ 13.4%
Equity and liabilities €27.69M
Equity
€3.51M ▲ 3.2%
Provisions
€39k ▼ 20.9%
Debt
€24.14M ▲ 24.8%
Debt's share of the balance-sheet total rises from 84.8% to 87.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.55M▲
2023 · €2.37M
Cash flow
€1.93M▲
2023 · €1.83M
Current ratio
0.35▼
2023 · 0.44
Debt to equity
6.87▲
2023 · 5.68
ROE
8.9%▲
2023 · 6.3%
ROA
1.1%▲
2023 · 0.9%
Interest coverage
4.22▼
2023 · 5.30
Debt ≤ 1 year
€2.26M▲
2023 · €2.05M
Debt > 1 year
€21.59M▲
2023 · €17.07M
Income taxes
€88k▼
2023 · €119k
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 · 2024 against 2023 · 73 lines
Balance sheet
Code20232024
Assets
Total assets20/58€22.79M€27.69M▲
Fixed assets21/28€21.89M€26.91M▲
Tangible fixed assets22/27€21.56M€19.97M▼
Land and buildings22€14.97M€13.81M▼
Plant, machinery and equipment23€210k€162k▼
Furniture and vehicles24€52k€40k▼
Leasing and similar rights25€6.30M€5.93M▼
Other tangible fixed assets26€25k€25k=
Financial fixed assets28€331k€6.93M▲
Current assets29/58€901k€780k▼
Amounts receivable within one year40/41€400k€585k▲
Trade receivables40€162k€236k▲
Other amounts receivable41€237k€349k▲
Cash at bank and in hand54/58€368k€110k▼
Deferred charges and accrued income490/1€133k€86k▼
Equity and liabilities
Total equity and liabilities10/49€22.79M€27.69M▲
Equity10/15€3.40M€3.51M▲
Contributions10/11€751k€751k=
Capital10€751k€751k=
Issued capital100€751k€751k=
Revaluation surpluses12€347k€347k=
Reserves13€221k€225k▲
Non-distributable reserves130/1€99k€133k▲
Legal reserve130€41k€75k▲
Reserves not available under the articles1311€58k€58k=
Tax-exempt reserves132€96k€65k▼
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€2.08M€2.19M▲
Investment grants15€6k€3k▼
Provisions and deferred taxes16€49k€39k▼
Provisions for liabilities and charges160/5€26k€26k=
Major repairs and maintenance162€10k€10k=
Other liabilities and charges164/5€16k€16k=
Deferred taxes168€23k€13k▼
Amounts payable17/49€19.34M€24.14M▲
Amounts payable after more than one year17€17.07M€21.59M▲
Financial debts170/4€12.18M€16.90M▲
Other amounts payable178/9€4.89M€4.69M▼
Amounts payable within one year42/48€2.05M€2.26M▲
Current portion of amounts payable after more than one year42€1.27M€1.62M▲
Financial debts43€80k-
Credit institutions430/8€80k-
Trade debts44€412k€179k▼
Suppliers440/4€412k€179k▼
Taxes, remuneration and social security45€39k€255k▲
Taxes450/3€39k€255k▲
Other amounts payable47/48€250k€200k▼
Accrued charges and deferred income492/3€210k€292k▲
Income statement
Code20232024
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.62M€1.62M=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-49k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€26k-
Other operating charges640/8€265k€225k▼
Non-recurring operating charges66A€14k-
Gross operating margin9900€2.62M€2.78M▲
Operating profit (loss)9901€750k€939k▲
Financial income75/76B€18k€56k▲
Recurring financial income75€18k€56k▲
Financial charges65/66B€446k€606k▲
Recurring financial charges65€446k€606k▲
Profit (loss) for the period before taxes9903€322k€389k▲
Transfer from deferred taxes780€10k€10k=
Income taxes67/77€119k€88k▼
Profit (loss) for the period9904€214k€311k▲
Transfer from tax-exempt reserves789€31k€31k=
Profit (loss) for the period to be appropriated9905€245k€342k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.35M€2.42M▲
Profit (loss) brought forward from the previous period14P€2.11M€2.08M▼
Transfer to equity691/2€24k€34k▲
To the legal reserve6920€24k€34k▲
Profit to be distributed694/7€250k€200k▼
Return on contributions (dividend)694€250k-
Directors or managers695-€200k
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
State Gazette act
Appointment: Remon & Co (statutory auditor)Permanent representative: Christophe Remon3 facts ▸
State Gazette act
Appointment: Remon & Co (statutory auditor)
Permanent representative: Christophe Remon3 facts ▸
- General meeting, 26/06/2026
- Auditor appointment, Remon & Co (statutory auditor)
- Permanent representative, Christophe Remon
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 92 days late
2024
31-12
Financial
Highest result since 2019net €311k ▲45.6%
Operating result €939k, net result €311k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Back to profitnet €273k
Net result €273k after one loss-making year.
31-12
Financial
Equity above €2MEq €3.58M ▲1042%
Equity rises from €314k to €3.58M.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 40 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2018
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 des Pieds d'Alouette(NN) 395100 NamurGround area
3.5 ha
Building footprint
1.3 ha
Volume, LiDAR
114,105 m³
2 parcels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAZUIN IMMO
since 20182.274.845.681
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0011/00M003 | Wallonia | 3.1 ha | 1 · 1.3 ha | 13.2 m · 3 fl. |
| 92095B0020/00N003 | Wallonia | 3,445 m² | 1 · 451 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
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.
Statutory auditor
1 auditor| REMON & COCurrent Statutory auditor · represented by Christophe Remon | 28-07-2026 → present |
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 3,059 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 formPublic limited company
Founded03-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:pascal.fontaine@sanmazuin.be
Phone:081/40.85.29