MAC ARTHUR
ActiveMAC ARTHUR has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €52k. Equity is shrinking by ~5.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+4
Solvency36▲+15
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.55 in 2024; short-term debt: 76.2% and cash: 3.4% of total assets), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
10.8%
Return on assets
14.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7027 sector peers (2025).
NBB · sector comparisonPosition among 7027 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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
9 d late
2024
6 d late
2023
36 d late
2022
10 d late
2021
18 d late
2020
26 d late
2019
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€179k
EBIT margin
11.4%
Net result
€52k▲ 24.1%
2024 · €42k
2019: €-2k
2020: €8k
2021: €-13k
2022: €3k
2023: €-47k
2024: €42k
2019 → 2025
Working capital
€-150k▼ 4.4%
2024 · €-144k
2019: €-31k
2020: €-24k
2021: €-38k
2022: €-192k
2023: €-219k
2024: €-144k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€-8k▲ 30.1%€-55k▼ 594%€-13k▲ 75.8%€39k
Operating result€-4k-€8k€-46k€45k€79k▲ 75.6%
Net result€-13k-€3k€-47k€42k€52k▲ 24.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 76% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €358k
Fixed assets
€235k▲ 23.5%
Current assets
€122k▼ 30.8%
Equity and liabilities €358k
Equity
€39k
Debt
€319k
Debt finances 89.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€85k▲
2024 · €51k
Cash flow
€57k▲
2024 · €48k
Solvency
10.8%▲
2024 · -3.6%
Current ratio
0.45▼
2024 · 0.55
Quick ratio
0.45▼
2024 · 0.55
Debt / equity
8.27▲
2024 · -28.54
ROE
134.6%
ROA
14.5%▲
2024 · 11.4%
Interest coverage
21.06▲
2024 · 19.58
Debt
€319k▼
2024 · €381k
Debt ≤ 1 year
€273k▼
2024 · €321k
Debt > 1 year
€47k▼
2024 · €60k
Income taxes
€23k▲
2024 · €788
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€368k€358k▼
Fixed assets21/28€191k€235k▲
Tangible fixed assets22/27€163k€158k▼
Land and buildings22€150k€150k=
Plant, machinery and equipment23€216€63▼
Furniture and vehicles24€12k€7k▼
Financial fixed assets28€28k€78k▲
Current assets29/58€177k€122k▼
Amounts receivable after more than one year29€42k€350▼
Trade receivables290€42k€350▼
Amounts receivable within one year40/41€118k€108k▼
Trade receivables40€76k€66k▼
Other amounts receivable41€42k€42k=
Cash at bank and in hand54/58€16k€12k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€368k€358k▼
Equity10/15€-13k€39k▲
Contributions10/11€19k€19k=
Reserves13€2k€20k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€18k
Profit (loss) carried forward14€-34k€129▲
Amounts payable17/49€381k€319k▼
Amounts payable after more than one year17€60k€47k▼
Financial debts170/4€60k€47k▼
Amounts payable within one year42/48€321k€273k▼
Current portion of amounts payable after more than one year42€14k€25k▲
Trade debts44€11k€22k▲
Suppliers440/4€11k€22k▲
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€14k€10k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€282k€213k▼
Accrued charges and deferred income492/3-€40
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€951€5k▲
Gross operating margin9900€52k€90k▲
Operating profit (loss)9901€45k€79k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€43k€75k▲
Income taxes67/77€788€23k▲
Profit (loss) for the period9904€42k€52k▲
Profit (loss) for the period to be appropriated9905€42k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€18k▲
Profit (loss) brought forward from the previous period14P€-76k€-34k▲
Transfer to equity691/2-€18k
To other reserves6921-€18k
The notes to these accounts (7 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
23-03
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 26/02/2026
- Registered-office move, Avenue Hector Steyaert 22, 1332 Rixensart
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
30-06
Financial
Highest result since 2019net €52k ▲24.1%
Operating result €79k, net result €52k, both a record.
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-06
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
30-06
Financial
Weakest financial yearnet €-47k ▼1478%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
21-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2011
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.
18-07-2011
Resigned as Managing director
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2002
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.
Avenue Hector Steyaert 221332 RixensartGround area
1,743 m²
Building footprint
310 m²
Volume, LiDAR
2,031 m³
2 parcels, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Espiniat 29, 1380 Lasne
since 20022.099.095.935
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0135/00D000 | Wallonia | 1,672 m² | 1 · 190 m² | 8.2 m · 2 fl. |
| 25033C0122/00_000 | Wallonia | 71 m² | 1 · 120 m² | 9.7 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.
Similar companies · same sector, comparable size
SHORTCUT ADVERTISING
BE 0886.808.741
Leuven · Eq €39k
G-WEL
BE 0836.087.639
Chaumont-Gistoux · Eq €39k
DOUM
BE 0475.992.163
Flémalle · Eq €39k
DIWAN CREATIONS
BE 0651.908.987
Kuurne · Eq €39k
DIRECT RESULTS
BE 0892.957.551
Braine-l'Alleud · Eq €38k
Of 9,863 companies in sector 73110 we hold annual accounts for 3,755. 2,926 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2002
Fiscal year end30-06
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.