MAC CENSE IMMO
ActiveSummary
The computed 12-month bankruptcy probability of MAC CENSE IMMO is 2.3% (moderate). The 2025 annual accounts show negative equity (-€287,713) and a net result of -€111,163. Equity is shrinking by ~55.4% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 6 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
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Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,217 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €218,790 | €215,631 | €240,567 | €316,668 | €264,274 | ▼ 16.5% |
| Non-recurring operating income76A | €5,012 | - | €4,353 | €13,738 | €2,591 | ▼ 81.1% |
| Goods, raw materials, services and sundry goods60/61 | €12,493 | €33,111 | €17,183 | €39,403 | €25,224 | ▼ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €205,713 | €228,370 | €251,753 | €262,999 | €282,188 | ▲ 7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €38,516 | - | - | €19,716 | - | - |
| Other operating charges640/8 | €28,044 | €20,245 | €19,514 | €20,364 | €20,980 | ▲ 3.0% |
| Non-recurring operating charges66A | - | €929 | - | - | - | - |
| Gross operating margin9900 | €211,309 | €182,520 | €227,738 | €291,003 | €241,641 | ▼ 17.0% |
| Operating profit (loss)9901 | -€60,964 | -€67,024 | -€43,529 | -€12,077 | -€61,526 | ▼ 409% |
| Financial income75/76B | €8,057 | €5,417 | €0 | €17,083 | €20,520 | ▲ 20.1% |
| Recurring financial income75 | €8,057 | €5,417 | €0 | €17,083 | €20,520 | ▲ 20.1% |
| Financial charges65/66B | €45,376 | €53,903 | €57,582 | €67,101 | €70,157 | ▲ 4.6% |
| Recurring financial charges65 | €45,376 | €53,903 | €57,582 | €67,101 | €70,157 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | -€98,283 | -€115,510 | -€101,111 | -€62,095 | -€111,163 | ▼ 79.0% |
| Profit (loss) for the period9904 | -€98,283 | -€115,510 | -€101,111 | -€62,095 | -€111,163 | ▼ 79.0% |
| Profit (loss) for the period to be appropriated9905 | -€98,283 | -€115,510 | -€101,111 | -€62,095 | -€111,163 | ▼ 79.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €4.2m | €4.1m | €4.4m | €4.4m | ▲ 0.6% |
| Fixed assets21/28 | €3.7m | €3.9m | €3.9m | €4.0m | €4.0m | ▲ 1.5% |
| Tangible fixed assets22/27 | €3.7m | €3.9m | €3.9m | €4.0m | €4.0m | ▲ 1.5% |
| Land and buildings22 | €3.1m | €3.0m | €2.9m | €2.8m | €2.7m | ▼ 3.8% |
| Plant, machinery and equipment23 | €576,744 | €866,875 | €971,500 | €1.1m | €1.3m | ▲ 15.4% |
| Furniture and vehicles24 | €22,035 | €15,838 | €12,290 | €8,294 | €2,833 | ▼ 65.8% |
| Current assets29/58 | €314,740 | €271,411 | €188,840 | €408,375 | €374,430 | ▼ 8.3% |
| Stocks and contracts in progress3 | €7,830 | €7,830 | €7,830 | €7,830 | €7,830 | = |
| Stocks30/36 | €7,830 | €7,830 | €7,830 | €7,830 | €7,830 | = |
| Amounts receivable within one year40/41 | €295,859 | €248,179 | €174,512 | €395,601 | €350,199 | ▼ 11.5% |
| Trade receivables40 | €8,809 | €869 | €20,612 | €30,993 | €12,385 | ▼ 60.0% |
| Other amounts receivable41 | €287,050 | €247,310 | €153,900 | €364,609 | €337,815 | ▼ 7.3% |
| Cash at bank and in hand54/58 | €7,330 | €15,402 | €6,498 | €4,944 | €16,400 | ▲ 232% |
| Deferred charges and accrued income490/1 | €3,720 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €4.2m | €4.1m | €4.4m | €4.4m | ▲ 0.6% |
| Equity10/15 | €102,166 | -€13,344 | -€114,455 | -€176,550 | -€287,713 | ▼ 63.0% |
| Contributions10/11 | €800,000 | €800,000 | €800,000 | €800,000 | €800,000 | = |
| Capital10 | €800,000 | - | - | - | - | - |
| Issued capital100 | €800,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€697,834 | -€813,344 | -€914,455 | -€976,550 | -€1.1m | ▼ 11.4% |
| Amounts payable17/49 | €3.9m | €4.2m | €4.2m | €4.5m | €4.7m | ▲ 3.0% |
| Amounts payable after more than one year17 | €2.4m | €2.7m | €2.5m | €2.6m | €2.7m | ▲ 4.5% |
| Financial debts170/4 | €2.4m | €2.7m | €2.5m | €2.6m | €2.7m | ▲ 4.5% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.7m | €2.0m | €2.0m | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €162,430 | €193,612 | €198,741 | €205,679 | €229,238 | ▲ 11.5% |
| Financial debts43 | €75,000 | €25,000 | €100,000 | €100,000 | €90,000 | ▼ 10.0% |
| Credit institutions430/8 | €75,000 | €25,000 | €100,000 | €100,000 | €90,000 | ▼ 10.0% |
| Trade debts44 | €8,972 | €56,490 | €53,381 | €25,106 | €24,000 | ▼ 4.4% |
| Suppliers440/4 | €8,972 | €56,490 | €53,381 | €25,106 | €24,000 | ▼ 4.4% |
| Other amounts payable47/48 | €1.3m | €1.2m | €1.4m | €1.6m | €1.6m | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €8,809 | €869 | €20,612 | - | €11,485 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€98,283 | -€115,510 | -€101,111 | -€62,095 | -€111,163 | ▼ 79.0% |
| + Depreciation and write-downs630 | €205,713 | €228,370 | €251,753 | €262,999 | €282,188 | ▲ 7.3% |
| Operating cash flow (approximation) | €107,430 | €112,860 | €150,641 | €200,904 | €171,025 | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | -€404,301 | -€244,825 | -€307,654 | -€342,910 | ▼ 11.5% |
| Change in cash | - | €8,072 | -€8,904 | -€1,554 | €11,457 | ▲ 837% |
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
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.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0274/00V000 | Brussels | 123 m² | 1 · 114 m² | 13.2 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.