MAC
ActiveSummary
MAC has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,549 and a net result of €6,568. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+1
Solvency83▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.35 in 2024; short-term debt: 16.3% and cash: 11.2% of total assets), and 41.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
58.4%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
31 d late
2023
28 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
185 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Heers, Wholesale and retail trade sector
Equity
€121,549▲ 14.7%
2024 · €105,959
Total assets
€208,189▼ 4.8%
2024 · €218,751
Net result
€6,568▲ 11.4%
2024 · €5,897
Working capital
€70,298▲ 56.0%
2024 · €45,058
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,585▼ 82.0%€3,844▼ 16.1%-€32€1,280-€8,995
Net result€10,215within the sector's middle half▼ 57.2%€8,422within the sector's middle half▼ 17.5%€4,716within the sector's middle half▼ 44.0%€5,897within the sector's middle half▲ 25.1%€6,568within the sector's middle half▲ 11.4%
Equity€106,210within the sector's middle half▲ 82.3%€108,204within the sector's middle half▲ 1.9%€106,491within the sector's middle half▼ 1.6%€105,959within the sector's middle half▼ 0.5%€121,549within the sector's middle half▲ 14.7%
Total assets€399,289above the sector's middle half▼ 3.9%€219,029within the sector's middle half▼ 45.1%€197,640within the sector's middle half▼ 9.8%€218,751within the sector's middle half▲ 10.7%€208,189within the sector's middle half▼ 4.8%
Debt€293,079▼ 17.9%€110,825▼ 62.2%€91,149▼ 17.8%€112,791▲ 23.7%€86,640▼ 23.2%
Working capital€144,757▲ 99.2%€45,736▼ 68.4%€61,646▲ 34.8%€45,058▼ 26.9%€70,298▲ 56.0%
Solvency26.6%within the sector's middle half▲ 12.6pp49.4%within the sector's middle half▲ 22.8pp53.9%within the sector's middle half▲ 4.5pp48.4%within the sector's middle half▼ 5.4pp58.4%within the sector's middle half▲ 9.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8,995 after €1,280 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208,189
Fixed assets
€103,933 ▼ 26.0%
Current assets
€104,257 ▲ 33.0%
Equity and liabilities €208,189
Equity
€121,549 ▲ 14.7%
Debt
€86,640 ▼ 23.2%
Debt's share of the balance-sheet total falls from 51.6% to 41.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27,437▼
2024 · €48,274
Cash flow
€42,999▼
2024 · €52,891
Current ratio
3.07▲
2024 · 2.35
Debt to equity
0.71▼
2024 · 1.06
ROE
5.4%▼
2024 · 5.6%
ROA
3.2%▲
2024 · 2.7%
Interest coverage
8.66▼
2024 · 26.65
Debt ≤ 1 year
€33,958▲
2024 · €33,329
Debt > 1 year
€52,682▼
2024 · €79,462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,500 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,929 | €48,074 | €44,545 | €46,994 | €36,431 | ▼ 22.5% |
| Other operating charges640/8 | €776 | €910 | €523 | €62 | €62 | = |
| Gross operating margin9900 | €60,290 | €52,828 | €45,036 | €48,336 | €27,499 | ▼ 43.1% |
| Operating profit (loss)9901 | €4,585 | €3,844 | -€32 | €1,280 | -€8,995 | ▼ 803% |
| Financial income75/76B | €7,278 | €6,429 | €6,431 | €6,429 | €18,731 | ▲ 191% |
| Recurring financial income75 | €7,278 | €6,429 | €6,431 | €6,429 | €11,231 | ▲ 74.7% |
| Non-recurring financial income76B | - | - | - | - | €7,500 | - |
| Financial charges65/66B | €1,648 | €1,851 | €1,683 | €1,812 | €3,169 | ▲ 74.9% |
| Recurring financial charges65 | €1,648 | €1,851 | €1,683 | €1,812 | €3,169 | ▲ 74.9% |
| Profit (loss) for the period before taxes9903 | €10,215 | €8,422 | €4,716 | €5,897 | €6,568 | ▲ 11.4% |
| Profit (loss) for the period9904 | €10,215 | €8,422 | €4,716 | €5,897 | €6,568 | ▲ 11.4% |
| Profit (loss) for the period to be appropriated9905 | €10,215 | €8,422 | €4,716 | €5,897 | €6,568 | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,289 | €219,029 | €197,640 | €218,751 | €208,189 | ▼ 4.8% |
| Fixed assets21/28 | €200,635 | €152,561 | €114,238 | €140,364 | €103,933 | ▼ 26.0% |
| Tangible fixed assets22/27 | €200,635 | €152,561 | €114,238 | €140,364 | €103,933 | ▼ 26.0% |
| Plant, machinery and equipment23 | €191,601 | €145,033 | €102,536 | €131,412 | €97,731 | ▼ 25.6% |
| Furniture and vehicles24 | €9,034 | €7,528 | €11,702 | €8,952 | €6,202 | ▼ 30.7% |
| Current assets29/58 | €198,654 | €66,468 | €83,402 | €78,387 | €104,257 | ▲ 33.0% |
| Amounts receivable within one year40/41 | €146,981 | €61,685 | €75,615 | €76,148 | €80,465 | ▲ 5.7% |
| Trade receivables40 | €146,633 | €60,693 | €71,197 | €56,435 | €80,117 | ▲ 42.0% |
| Other amounts receivable41 | €348 | €992 | €4,418 | €19,713 | €348 | ▼ 98.2% |
| Cash at bank and in hand54/58 | €51,546 | €4,263 | €7,241 | €1,663 | €23,234 | ▲ 1,297% |
| Deferred charges and accrued income490/1 | €128 | €520 | €545 | €576 | €558 | ▼ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,289 | €219,029 | €197,640 | €218,751 | €208,189 | ▼ 4.8% |
| Equity10/15 | €106,210 | €108,204 | €106,491 | €105,959 | €121,549 | ▲ 14.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €48,025 | €56,448 | €61,164 | €67,061 | €73,628 | ▲ 9.8% |
| Investment grants15 | €37,725 | €31,296 | €24,867 | €18,439 | €27,461 | ▲ 48.9% |
| Amounts payable17/49 | €293,079 | €110,825 | €91,149 | €112,791 | €86,640 | ▼ 23.2% |
| Amounts payable after more than one year17 | €239,182 | €90,093 | €69,393 | €79,462 | €52,682 | ▼ 33.7% |
| Financial debts170/4 | €104,423 | €83,900 | €63,200 | €73,269 | €46,489 | ▼ 36.6% |
| Other amounts payable178/9 | €134,759 | €6,193 | €6,193 | €6,193 | €6,193 | = |
| Amounts payable within one year42/48 | €53,897 | €20,732 | €21,756 | €33,329 | €33,958 | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | €36,775 | €20,522 | €20,700 | €26,598 | €26,780 | ▲ 0.7% |
| Trade debts44 | €12,163 | €209 | €1,046 | €6,722 | €4,017 | ▼ 40.2% |
| Suppliers440/4 | €12,163 | €209 | €1,046 | €6,722 | €4,017 | ▼ 40.2% |
| Taxes, remuneration and social security45 | €4,959 | - | €10 | €10 | €658 | ▲ 6,826% |
| Taxes450/3 | €4,959 | - | €10 | €10 | €658 | ▲ 6,826% |
| Other amounts payable47/48 | - | - | - | - | €2,503 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,215 | €8,422 | €4,716 | €5,897 | €6,568 | ▲ 11.4% |
| + Depreciation and write-downs630 | €54,929 | €48,074 | €44,545 | €46,994 | €36,431 | ▼ 22.5% |
| Operating cash flow (approximation) | €65,143 | €56,496 | €49,260 | €52,891 | €42,999 | ▼ 18.7% |
| Investment in fixed assets (approximation) | - | €0 | -€6,221 | -€73,120 | €0 | ▲ 100% |
| Change in cash | - | -€47,283 | €2,978 | -€5,578 | €21,571 | ▲ 487% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.69
Current ratio from 1.83 to 3.69; short-term debt falls from €87,160 to €53,897.
31-12
Financial
Equity above €100,000Eq €106,210 ▲82.3%
2 profitable years in a row build equity to €106,210.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 185 days late
2020
31-12
Financial
Back to profitnet €23,840
Net result €23,840 after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 405 days late
2019
31-12
Financial
Weakest financial yearnet -€2,394
Net result drops to -€2,394, the lowest in the series; recovery starts the following year.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB 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, Heers · 1 establishment unit since 1997
Ground area
4,909 m²
Building footprint
1,667 m²
Volume, LiDAR
15,986 m³
Parcel 73061B0115/00B000, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Opheersstraat(Oph.) 111, 3870 Heers
since 19972.080.970.692
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73061B0115/00B000 | Flanders | 4,909 m² | 1 · 1,667 m² | 15.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 11,536 EUR awarded · 11,536 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 11,536 EUR | 11,536 EUR |
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Of 805 companies in sector 46610 we hold annual accounts for 566. 386 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-03-1997
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
01610Support activities for crop production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460193239
Registered
19-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.