MAC.C (0466.686.695): financials and annual accounts

MAC.C

Ghent ·KBO/BCE: BE 0466.686.695

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	44,899	47,978	57,483	67,151	73,295	75,782	58,294	58,259	64,191	37,019	34,310	48,092	55,513	63,606	69,365	69,799	84,345	68,702	65,816	51,328
Fixed assets`21/28`	7,867	10,314	14,995	13,775	18,355	22,231	25,574	30,125	34,647	381	973	1,708	16,317	12,341	17,721	24,680	2,130	3,355	7,048	10,563
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Tangible fixed assets`22/27`	7,867	10,314	14,995	13,775	18,355	22,231	25,574	30,125	34,647	381	973	1,708	16,317	12,341	17,721	24,680	2,130	3,355	7,048	10,563
Plant, machinery and equipment`23`	2,516	3,733	2,158	2,549	1,728	537	808	708	327	381	973	1,618	1,158	636	-	-	-	-	-	-
Furniture and vehicles`24`	5,351	6,581	12,838	11,226	1,919	2,083	252	-	-	-	-	90	15,159	11,705	17,721	24,680	2,130	3,355	6,866	10,200
Leasing and similar rights`25`	-	-	-	-	14,709	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182	363
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Current assets`29/58`	37,032	37,664	42,488	53,376	54,940	53,551	32,720	28,134	29,544	36,638	33,337	46,384	39,196	51,265	51,644	45,118	82,215	65,347	58,768	40,765
Stocks and contracts in progress`3`	15,804	10,645	8,375	8,461	5,377	5,173	7,568	6,438	7,149	6,082	7,834	2,512	2,340	2,591	2,510	7,240	1,333	-	100	3,570
Stocks`30/36`	15,804	10,645	8,375	8,461	5,377	5,173	7,568	6,438	6,452	5,780	6,131	2,512	2,340	2,591	2,510	7,240	1,333	-	100	3,570
Contracts in progress`37`	-	-	-	-	-	-	-	-	697	302	1,703	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	4,471	2,358	10,699	6,702	7,351	9,016	13,721	11,142	10,484	7,780	6,337	33,694	27,825	22,009	23,632	22,907	37,230	39,361	23,447	15,432
Trade receivables`40`	4,397	2,283	10,395	6,628	7,276	8,942	13,647	11,068	10,410	7,706	6,005	9,581	6,306	5,504	7,267	4,373	16,263	10,953	-	1,121
Other amounts receivable`41`	74	74	305	74	74	74	74	74	74	74	332	24,113	21,519	16,505	16,365	18,534	20,967	28,408	23,447	14,311
Cash at bank and in hand`54/58`	13,571	15,359	18,748	35,105	34,879	39,362	11,431	10,554	11,911	22,626	18,766	10,060	9,031	26,665	24,960	14,445	43,128	25,986	35,221	21,763
Deferred charges and accrued income`490/1`	3,186	9,302	4,665	3,108	7,333	-	-	-	-	150	400	118	-	-	542	527	525	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	44,899	47,978	57,483	67,151	73,295	75,782	58,294	58,259	64,191	37,019	34,310	48,092	55,513	63,606	69,365	69,799	84,345	68,702	65,816	51,328
Equity`10/15`	27,425	30,116	31,649	31,527	30,894	29,537	28,014	26,920	26,494	26,326	24,805	24,491	21,436	19,979	18,911	18,600	23,288	18,099	15,753	10,741
Contributions`10/11`	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Issued capital`100`	-	-	-	-	-	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550	18,550
Contributions outside capital`11`	18,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	18,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855
Non-distributable reserves`130/1`	-	-	-	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855	1,855
Reserves not available under the articles`1311`	-	-	-	1,855	1,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	1,855	1,855	1,855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	7,020	9,711	11,244	11,122	10,489	9,132	7,609	6,515	6,089	5,921	4,400	4,086	1,031	-426	-1,494	-1,805	2,883	-2,306	-4,652	-9,664
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Amounts payable`17/49`	17,474	17,862	25,834	35,624	42,401	46,245	30,280	31,339	37,697	10,693	9,505	23,601	34,077	43,627	50,454	51,199	61,057	50,603	50,063	40,587
Amounts payable after more than one year`17`	-	-	-	-	-	6,292	11,166	15,975	20,720	-	-	318	6,405	7,941	13,649	19,154	-	546	2,627	-
Financial debts`170/4`	-	-	-	-	-	6,292	11,166	15,975	20,720	-	-	318	6,405	7,941	13,649	19,154	-	546	2,627	-
Amounts payable within one year`42/48`	17,474	14,502	22,161	35,624	42,043	39,935	19,100	15,353	16,946	10,693	9,495	22,932	27,662	35,686	36,805	32,044	61,057	50,057	47,436	40,587
Current portion of amounts payable after more than one year`42`	-	-	-	-	6,293	4,874	4,809	4,745	4,682	-	318	5,780	9,259	5,708	5,505	0	-	0	1,967	409
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,309	541	2,081	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,309	541	2,081	-	-
Trade debts`44`	6,973	9,751	7,555	24,464	17,235	16,749	4,396	6,269	7,596	7,912	7,472	14,549	16,492	25,795	28,362	24,322	54,371	45,828	39,187	35,891
Suppliers`440/4`	6,973	9,751	7,555	24,464	17,235	16,749	4,396	6,269	7,596	7,912	7,472	14,549	16,492	25,795	28,362	24,322	54,371	45,828	39,187	35,891
Advances received on contracts in progress`46`	5,251	-	6,406	-	9,243	8,236	-	-	-	-	-	-	-	-	-	-	-	-	124	3,254
Taxes, remuneration and social security`45`	3,769	3,828	3,679	7,971	6,810	8,298	9,278	4,026	4,531	2,510	1,705	2,603	1,911	4,183	2,938	2,413	6,145	2,148	6,158	995
Taxes`450/3`	3,769	3,828	3,679	7,971	6,810	8,298	9,278	4,026	4,531	2,510	1,705	2,603	1,911	4,183	2,938	2,413	6,145	2,148	6,158	995
Other amounts payable`47/48`	1,481	923	4,521	3,189	2,463	1,778	617	313	137	271	-	-	-	-	-	-	-	-	-	38
Accrued charges and deferred income`492/3`	-	3,361	3,672	-	358	18	14	11	31	-	10	351	10	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	221,269	269,908	306,901	300,791	429,201
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	4,794	-	-	930	-	660	-	349	-	-	194	5,538
Gross operating margin`9900`	1,511	7,925	9,453	10,236	10,363	10,268	9,667	8,845	10,206	4,147	1,061	9,701	11,407	7,747	7,878	2,167	5,743	9,232	7,608	-4,826
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219,102	264,166	297,669	293,183	434,027
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,447	7,093	6,512	6,244	5,818	5,361	5,237	5,100	5,365	592	735	6,525	7,619	6,175	6,208	7,084	1,225	3,487	4,159	5,870
Other operating charges`640/8`	1,182	1,208	1,464	1,783	1,498	1,480	1,556	1,630	2,919	848	792	989	1,935	1,197	988	990	1,020	947	907	1,093
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	785	-	-	3,964	-	313
Operating profit (loss)`9901`	-2,118	-376	1,477	2,209	3,047	3,427	2,874	2,115	1,922	2,707	-466	2,187	1,853	375	682	-5,907	3,498	4,798	2,542	-11,789
Financial income`75/76B`	30	6	65	104	1	11	-	12	76	-	1,412	2,011	1,616	1,457	1,400	1,907	2,021	1,968	2,824	547
Recurring financial income`75`	30	6	65	104	1	11	-	12	76	-	1,412	2,011	1,616	1,457	1,400	1,907	2,021	1,968	2,824	547
Financial charges`65/66B`	113	45	50	74	200	314	335	389	421	120	185	542	878	760	941	1,043	331	448	560	525
Recurring financial charges`65`	113	45	50	74	200	314	335	389	421	120	185	542	878	760	941	1,043	331	448	560	525
Profit (loss) for the period before taxes`9903`	-2,201	-415	1,492	2,239	2,848	3,124	2,539	1,738	1,577	2,587	761	4,586	2,591	1,732	356	-4,693	5,188	2,354	5,000	-6,542
Income taxes`67/77`	489	1,119	1,370	1,607	1,490	1,601	1,445	1,312	1,409	1,066	447	1,531	1,134	664	45	-5	-1	8	-12	-441
Profit (loss) for the period`9904`	-2,690	-1,533	122	633	1,358	1,523	1,094	426	168	1,521	314	3,055	1,457	1,068	311	-4,688	5,189	2,346	5,012	-6,101
Profit (loss) for the period to be appropriated`9905`	-2,690	-1,533	122	633	1,358	1,523	1,094	426	168	1,521	314	3,055	1,457	1,068	311	-4,688	5,189	2,346	5,012	-6,101
Appropriation of the result
Profit (loss) to be appropriated`9906`	7,020	9,711	11,244	11,122	10,489	9,132	7,609	6,515	6,089	5,921	4,400	4,086	1,031	-426	-1,494	-1,805	2,883	-2,306	-4,652	-9,664
Profit (loss) brought forward from the previous period`14P`	9,711	11,244	11,122	10,489	9,132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	15-06-2026	2026-00160902	PDF
31-12-2024	micro format	29-08-2025	2025-00467215	PDF
31-12-2023	micro format	28-08-2024	2024-00398069	PDF
31-12-2022	micro format	07-08-2023	2023-00320027	PDF
31-12-2021	micro format	18-08-2022	2022-20298207	PDF
31-12-2020	abbreviated format	03-08-2021	2021-45400466	PDF
31-12-2019	abbreviated format	28-08-2020	2020-46500347	PDF
31-12-2018	abbreviated format	29-08-2019	2019-56400385	PDF
31-12-2017	abbreviated format	03-08-2018	2018-43000595	PDF
31-12-2016	abbreviated format	29-08-2017	2017-50200095	PDF
31-12-2015	abbreviated format	11-08-2016	2016-42000259	PDF
31-12-2014	abbreviated format	07-08-2015	2015-40300261	PDF
31-12-2013	abbreviated format	28-08-2014	2014-49700028	PDF
31-12-2012	abbreviated format	29-08-2013	2013-50100217	PDF
31-12-2011	abbreviated format	30-07-2012	2012-37200453	PDF
31-12-2010	abbreviated format	10-06-2011	2011-15800003	PDF
31-12-2009	abbreviated format	19-06-2010	2010-19900185	PDF
31-12-2008	abbreviated format	09-06-2009	2009-21800194	PDF
31-12-2007	abbreviated format	18-06-2008	2008-24800153	PDF
31-12-2006	abbreviated format	15-06-2007	2007-23300392	PDF
31-12-2005	abbreviated format	09-06-2006	2006-22403687	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	329	6,717	7,989	8,453	8,865	8,788	8,111	7,215	7,287	3,299	269	8,712	9,472	6,550	6,890	1,177	4,723	8,285	6,701	-5,919
Cash flow	-243	5,560	6,634	6,877	7,175	6,884	6,331	5,526	5,533	2,113	1,049	9,580	9,076	7,243	6,519	2,396	6,414	5,833	9,171	-231
Investment in fixed assets (approximation)	0	2,412	7,732	1,664	1,943	2,018	686	578	39,631	0	0	1,317	11,595	795	447	29,635	-0	3,757	4,954	2,518
Change in cash	-1,788	-3,389	-16,357	227	-4,483	27,931	877	-1,357	-10,715	3,860	8,706	1,029	-17,634	1,705	10,515	-28,683	17,142	-9,235	13,458	-
Working capital	19,558	23,162	20,326	17,752	12,896	13,616	13,620	12,781	12,598	25,945	23,842	23,452	11,534	15,579	14,839	13,074	21,158	15,290	11,332	178
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.7%	1.3%	1.6%	0.8%	-2.7%
Solvency	61.1%	62.8%	55.1%	46.9%	42.2%	39.0%	48.1%	46.2%	41.3%	71.1%	72.3%	50.9%	38.6%	31.4%	27.3%	26.6%	27.6%	26.3%	23.9%	20.9%
Current ratio	2.12	2.60	1.92	1.50	1.31	1.34	1.71	1.83	1.74	3.43	3.51	2.02	1.42	1.44	1.40	1.41	1.35	1.31	1.24	1.00
Quick ratio	1.21	1.86	1.54	1.26	1.18	1.21	1.32	1.41	1.32	2.86	2.69	1.91	1.33	1.36	1.33	1.18	1.32	1.31	1.24	0.92
Debt to equity	0.64	0.59	0.82	1.13	1.37	1.57	1.08	1.16	1.42	0.41	0.38	0.96	1.59	2.18	2.67	2.75	2.62	2.80	3.18	3.78
ROE	-9.8%	-5.1%	0.4%	2.0%	4.4%	5.2%	3.9%	1.6%	0.6%	5.8%	1.3%	12.5%	6.8%	5.3%	1.6%	-25.2%	22.3%	13.0%	31.8%	-56.8%
ROA	-6.0%	-3.2%	0.2%	0.9%	1.9%	2.0%	1.9%	0.7%	0.3%	4.1%	0.9%	6.4%	2.6%	1.7%	0.4%	-6.7%	6.2%	3.4%	7.6%	-11.9%
Interest coverage	2.91	over 100	over 100	over 100	44.27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7 days	22 days	13 days	28 days	1 day
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41 days	75 days	56 days	49 days	30 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€2,412	€7,732	€1,664	€1,943
Depreciation and write-downs of the year	€2,447	€7,093	€6,512	€6,244	€5,818

MAC.C

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency61.1%

Current ratio2.12

Return on assets-6.0%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on MAC.C

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