Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of MAC & P is 0.9% (low). The 2024 annual accounts show equity of €5k and a net result of €318. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 6717 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 15 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 31-12-2025 | 153 d late | 2026-00000253 |
| 31-12-2023 | 31-07-2024 | 27-05-2025 | 300 d late | 2025-00111610 |
| 31-12-2022 | 31-07-2023 | 20-08-2023 | 20 d late | 2023-00355641 |
| 31-12-2021 | 31-07-2022 | 21-08-2022 | 21 d late | 2022-20312554 |
| 31-12-2020 | 31-07-2021 | 14-09-2021 | 45 d late | 2021-67200405 |
| 31-12-2019 | 31-07-2020 | 06-10-2020 | 67 d late | 2020-60200014 |
| 31-12-2018 | 31-07-2019 | 02-12-2019 | 124 d late | 2019-75400368 |
| 31-12-2017 | 31-07-2018 | 30-09-2018 | 61 d late | 2018-68300274 |
| 31-12-2016 | 31-07-2017 | 01-08-2017 | 1 d late | 2017-40800396 |
| 31-12-2015 | 31-07-2016 | 03-08-2016 | 3 d late | 2016-41200006 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.9%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Long track record
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€102k-6.0%
EBIT margin3.4%-0.6pp
Net result€318-26.4%
Working capital€23k-23.7%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 31-12-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~67% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.7% | 20.4% | |
| Net result | €318 | €4k | |
| Equity | €5k | €16k | |
| Gross operating margin | €8k | €24k | |
| Total assets | €81k | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P33
Stable position over 2020-2024
· n=1496-6717
P38
Weakening position over 2020-2024
· n=1490-6698
P35
Stable position over 2020-2024
· n=1499-6732
P33
Stable position over 2020-2024
· n=1485-6677
Describes the position versus peers, not a forecast.
€102k
-6.0%
18-24
€7k
-10.5%
18-24
€318
-26.4%
18-24
€4k
-2.8%
18-24
€81k
-16.0%
18-24
€5k
+7.4%
18-24
€23k
-23.7%
18-24
€700
-43.1%
18-24
€76k
-17.1%
18-24
€58k
-7.2%
18-24
€18k
-37.9%
18-24
1.40
-5.8%
18-24
1.19
+5.9%
18-24
5.7%
+27.8%
18-24
16.56
-22.8%
18-24
6.9%
-31.5%
18-24
0.4%
-12.4%
18-24
0.3%
-21.7%
18-24
7.1%
-4.8%
18-24
2.91
-3.2%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €102k |
| EBITDA | €7k |
| Net profit | €318 |
| Cash flow | €4k |
| Staff costs | - |
| Income taxes | €700 |
| Dividends | - |
| Total assets | €81k |
| Equity | €5k |
| Debt | €76k |
| of which ≤ 1y | €58k |
| of which > 1y | €18k |
| Working capital | €23k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.40 |
| Quick ratio | 1.19 |
| Working capital ratio | 28.4% |
| Solvency | 5.7% |
| Debt / equity | 16.56 |
| Long-term debt ratio | 3.98 |
| Interest coverage | 2.91 |
| Gross margin | 7.8% |
| Net margin | 0.3% |
| ROA | 0.4% |
| ROE | 6.9% |
| EBITDA margin | 7.1% |
| Days sales outstanding | 160d |
| Days payable outstanding | 133d |
| Inventory turnover | 8.01 |
| Days inventory (DSI) | 46d |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €81k |
| Current assets | 29/58 | €81k |
| Stocks & contracts in progress | 3 | €12k |
| Amounts receivable within one year | 40/41 | €45k |
| Cash & bank | 54/58 | €977 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €81k |
| Equity | 10/15 | €5k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-3k |
| Amounts payable | 17/49 | €76k |
| Amounts payable after one year | 17 | €18k |
| Amounts payable within one year | 42/48 | €58k |
| Trade debts payable within one year | 44 | €34k |
| Income statement | ||
| Turnover | 70 | €102k |
| Gross operating margin | 9900 | €8k |
| Operating result | 9901 | €4k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €1k |
| Income taxes | 67/77 | €700 |
| Net result for the period | 9904 | €318 |
| Result to be appropriated | 9905 | €318 |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed58
/ 100
Fair
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
REGHEM PascalDirectorState Gazette act 26012298 (26-01-2026)Current01-01-2026 → present
4 events
- 01-01-2026 Appointed· Director
- 30-06-2024 Resigned· Director
- 01-10-2017 Appointed· Managing director
- 30-06-2016 Resigned· Managing director
Former directors (1)
-
BOUDRY FrançoisDirectorState Gazette act 24123654 (20-08-2024)Former01-07-2016 → 31-12-2025
4 events
- 31-12-2025 Resigned· Director
- 01-07-2024 Appointed· Director
- 30-09-2017 Resigned· Managing director
- 01-07-2016 Appointed· Managing director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Detailhandel in tapijten en andere vloerbedekking en wandbekleding(47530) |
| Legal form | Private limited company(610) |
| Incorporation | 24-01-2011 |
| Status | Active |
| Postal code | 7100 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Chaussée de Redemont(PAU) 128-1307100 La LouvièreEstablishment units
1 locationMAC & P SPRL
since 20112.196.669.423
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area408 m²
Buildings1
Building footprint75 m²
Volume (LiDAR)754 m³
Tallest building11.2 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55015A0164/00X036 | Wallonia | 408 m² | 1 · 75 m² | 11.2 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Address history · 2
26-01-2026
v3.2
06-03-2020
v3.2
All acts · 5
updated 6 months ago
2026
26-01-2026 Registered office moved from Manage to La Louvière
- Rue du Seigneur 32, 7170 Manage → Chaussée de Redemont 128-130, 87100 La Louvière
Summary:
v3.2
2024
20-08-2024 1 director appointed, 1 resigning
2020
06-03-2020 Registered office moved within Manage
- Rue de Binche 122, 7170 Manage → Rue du Seigneur 32, 7170 Manage
Summary:
v3.2
2017
14-12-2017 1 director appointed, 1 resigning
- Reghem Pascal, Gedelegeerd bestuurder
- Boudry François, Gedelegeerd bestuurder
Summary:
v3.2
2016
02-09-2016 1 director appointed, 1 resigning
- Boudry François, Gedelegeerd bestuurder
- Reghem Pascal, Gedelegeerd bestuurder
Summary:
v3.2
Analysis
Snowflake analysis
financial profile on 5 axes49
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
58
Profitability
33
Solvency
24
Growth
32
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 52 of the 527 companies in this sector. 25 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in tapijten en andere vloerbedekking en wandbekleding in gespecialiseerde winkels47530Detailhandel in tapijten en andere vloerbedekking en wandbekleding47530Handelsbemiddeling gespecialiseerd in andere goederen46180Handelsbemiddeling in de groothandel in andere specifieke goederen46180
Primary activity highlighted.
Names & trade names
| Legal nameFR | MAC & P |
Registered office
Chaussée de Redemont(PAU) 128-130
7100 La Louvière, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.