Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
MAAT Group from Lummen, company number BE0797616449, closed financial year 2025 with a result of € -868,204 after tax. For that financial year MAAT Group recorded revenue of € 608,275 and equity of € -893,458. Compared with financial year 2024, the result moved from € 240,948 to € -868,204. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ -893,458
▼ € 868,204 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -868,204
▼ still € 240,948 profit in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -896,458.
People and assets in 2025
0.6
Average over the fiscal year, from the social balance sheet.
€ 32,461
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 4.9 million
▲ 7% vs 2024
€ 400,000 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 484,123
▲ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 288 days on average.
€ 18,958
▲ 179% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 245,000 | € 640,329 | € 608,275 | ▼ 5% |
| Profit after taxes | € -269,202 | € 240,948 | € -868,204 | ▼ € 1.1 million |
| Equity | € -266,202 | € -25,254 | € -893,458 | ▼ € 868,204 |
| Total debts | € 4,799,015 | € 6,068,371 | € 6,480,110 | ▲ 7% |
| Cash | € 14,913 | € 264,808 | € 0 | ▼ 100% |
| Retained profit | € -269,202 | € -28,254 | € -896,458 | ▼ € 868,204 |
| Bank debt | € 4,372,715 | € 4,595,489 | € 4,917,644 | ▲ 7% |
| Balance sheet total | € 4,532,814 | € 6,043,117 | € 5,586,652 | ▼ 8% |
| Employees (FTE) | - | - | 0.6 |
Key figures of MAAT Group, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MAAT Group?
What happened at MAAT Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 868,204 (▼ € 1.1 million vs 2024). filed late Source: NBB ↗
- JSW Consult BV stepped down as director. NBB
- Lorenzo Manca stepped down as director. NBB
- Nicola Baroni stepped down as director. NBB
- Aimé Lyagre became a director. NBB
- Lorenzo Minazzato became a director. NBB
- Lorenzo Manca became a director. NBB
- Nicola Baroni became a director. NBB
In short
From € 269,202 loss in 2023 to € 868,204 loss in 2025.
Best year ever: 2024, with € 240,948 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of JSW Consult comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAAT GroupBehind MAAT Group are Aimé Lyagre and Lorenzo Minazzato. The shares are held by JSW Consult (20%). It owns 100% of Maat International and 75% of Maat Security itself.
Directors
According to the 2025 annual accounts
since 2023
Lorenzo Minazzato
Director
since 2023
since 2023 · until 2026
Lorenzo Manca
Director
since 2023 · until 2025
Nicola Baroni
Director
since 2023 · until 2025
Shareholders
20%
Participations
Maat International
100%
75%
Establishments
Establishment units
Physical locations of this company
Klaverbladstraat 19A
3560 Lummen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.616.449
- VAT number
- BE 0797.616.449
- Registered office
- Klaverbladstraat 19A, 3560 Lummen
- Names & denominations
- MAAT Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2023
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering