C-MAC HOLDING has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22.51M and a net result of €9.62M. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 3163 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €22.51M
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 9 filingsDeviation from the deadline
2025
10 d late
2024
22 d early
2023
30 d early
2022
21 d early
2021
136 d late
2020
43 d early
2019
91 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9.62M
2024 · €-516k
2018: €-710k
2019: €-583k
2020: €-630k
2021: €-411k
2022: €-562k
2023: €-721k
2024: €-516k
2018 → 2025
Working capital
€-596k▼ 31.5%
2024 · €-453k
2018: €-7.42M
2019: €-8.77M
2020: €-11.30M
2021: €-1.01M
2022: €-1.50M
2023: €-6.95M
2024: €-453k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17.69M-€17.13M▼ 3.2%€16.41M▼ 4.2%€15.89M▼ 3.1%€22.51M▲ 41.7%
Operating result€279k-€143k▼ 48.8%€155k▲ 8.5%€351k▲ 127%€313k▼ 10.9%
Net result€-411k-€-562k▼ 36.6%€-721k▼ 28.4%€-516k▲ 28.4%€9.62M
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40.85M
Fixed assets
€40.61M=
Current assets
€240k▼ 35.7%
Equity and liabilities €40.85M
Equity
€22.51M▲ 41.7%
Debt
€18.33M▼ 26.9%
The debt ratio falls from 61.2% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
55.1%▲
2024 · 38.8%
ROE
42.7%▲
2024 · -3.2%
ROA
23.6%▲
2024 · -1.3%
Debt
€18.33M▼
2024 · €25.09M
Debt ≤ 1 year
€837k▲
2024 · €827k
Debt > 1 year
€17.50M▼
2024 · €24.26M
Income taxes
€1k▲
2024 · €1k
Staff costs
€1.07M▼
2024 · €1.22M
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€40.98M€40.85M▼
Fixed assets21/28€40.61M€40.61M=
Financial fixed assets28€40.61M€40.61M=
Affiliated companies280/1€40.61M€40.61M=
Participating interests280€40.61M€40.61M=
Current assets29/58€374k€240k▼
Amounts receivable within one year40/41€338k€202k▼
Trade receivables40€338k€202k▼
Cash at bank and in hand54/58€15k€24k▲
Deferred charges and accrued income490/1€20k€14k▼
Equity and liabilities
Total equity and liabilities10/49€40.98M€40.85M▼
Equity10/15€15.89M€22.51M▲
Contributions10/11€22.15M€22.15M=
Capital10€22.15M€22.15M=
Issued capital100€22.15M€22.15M=
Profit (loss) carried forward14€-6.26M€364k▲
Amounts payable17/49€25.09M€18.33M▼
Amounts payable after more than one year17€24.26M€17.50M▼
Financial debts170/4€24.26M€17.50M▼
Subordinated loans170€606k-
Credit institutions173€6.75M€9.45M▲
Other loans174€16.91M€8.05M▼
Amounts payable within one year42/48€827k€837k▲
Current portion of amounts payable after more than one year42-€200k
Trade debts44€152k€122k▼
Suppliers440/4€152k€122k▼
Taxes, remuneration and social security45€675k€514k▼
Taxes450/3€94k€52k▼
Remuneration and social security454/9€581k€462k▼
Income statement
Code20242025
Operating income70/76A€2.18M€2.12M▼
Other operating income74€1.95M€1.92M▼
Non-recurring operating income76A€228k€201k▼
Operating charges60/66A€1.83M€1.81M▼
Services and other goods61€604k€738k▲
Remuneration, social security and pensions62€1.22M€1.07M▼
Other operating charges640/8€1k€2k▲
Operating profit (loss)9901€351k€313k▼
Financial income75/76B-€10.00M
Recurring financial income75-€10.00M
Income from financial fixed assets750-€10.00M
Financial charges65/66B€867k€689k▼
Recurring financial charges65€867k€689k▼
Debt charges650-€686k
Other financial charges652/9€867k€3k▼
Profit (loss) for the period before taxes9903€-515k€9.62M▲
Income taxes67/77€1k€1k▲
Taxes670/3€1k€1k▲
Profit (loss) for the period9904€-516k€9.62M▲
Profit (loss) for the period to be appropriated9905€-516k€9.62M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6.26M€3.36M▲
Profit (loss) brought forward from the previous period14P€-5.74M€-6.26M▼
Profit to be distributed694/7-€3.00M
Return on contributions (dividend)694-€3.00M
Social balance
Average headcount (FTE)90874.04.1▲
The notes to these accounts (35 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
31-12
Financial
Back to profitnet €9.62M
Net result €9.62M after 7 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-721k
Net result drops to €-721k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 136 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
19-09-2025
Kenneth Henderson: Resigned as Director
19-09-2025
Ulrich Hofbauer-Brune: Resigned as Director
02-12-2024
Gunnar Schmidt: Resigned as Director
29-12-2022
Peter Feussner: Resigned as Director
16-10-2019
Magnus Göpel: Resigned as Director
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 2016
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.
Industriëlestraat 49600 RonseGround area
2.1 ha
Building footprint
6,979 m²
Volume, LiDAR
38,999 m³
Parcel 45422C0931/00F000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
C-MAC HOLDING
since 20162.259.424.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C0931/00F000 | Flanders | 2.1 ha | 1 · 6,979 m² | 10.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
54930018HL8MGP35JP28
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 3,707 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-11-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.