Mac Projectontwikkeling

Active

Public limited companyfounded 200718 yrs activeSchransstraat 68A, 3270 Scherpenheuvel-Zichem, BelgiumKBO/BCE: BE 0892.803.737

Mac Projectontwikkeling has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-272k) and a net result of €-718k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 4830 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

5 / 100

Critical▲ +3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability33▲+33

Solvency43▲+31

Growth32=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.96 against 0.96 in 2023), and equity is negative.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-2%

Return on assets

-5.1%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€272k

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 23-06-2026, 327 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.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

327 d late

2023

492 d late

2022

406 d late

2021

388 d late

2020

122 d late

2019

122 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€12.83M

EBIT margin

-0.7%

Net result

€-718k▲ 40.9%

2023 · €-1.22M

2018: €47k 2019: €152k 2020: €474k 2021: €73k 2022: €57k 2023: €-1.22M

2018 → 2024

Working capital

€-614k▲ 4.4%

2023 · €-642k

2018: €907k 2019: €1.09M 2020: €2.13M 2021: €718k 2022: €568k 2023: €-642k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€12.83M

Equity€1.53M-€1.60M▲ 4.8%€1.66M▲ 3.6%€445k▼ 73.2%€-272k

Operating result€738k-€349k▼ 52.7%€883k▲ 153%€33k▼ 96.3%€-96k

Net result€474k-€73k▼ 84.6%€57k▼ 21.9%€-1.22M€-718k▲ 40.9%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €96k after €33k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €13.94M

95.8%

Fixed assets €579k▼ 46.8%

Current assets €13.36M▼ 7.6%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-72k▼

2023 · €70k

Cash flow

€-694k▲

2023 · €-1.18M

Solvency

-2.0%▼

2023 · 2.9%

Current ratio

0.96▼

2023 · 0.96

Quick ratio

0.54▲

2023 · 0.43

Debt / equity

-52.22▼

2023 · 33.90

ROE

263.7%▲

2023 · -272.8%

ROA

-5.1%▲

2023 · -7.8%

Interest coverage

-0.17▼

2023 · 0.10

Debt

€14.21M▼

2023 · €15.10M

Debt ≤ 1 year

€13.98M▼

2023 · €15.10M

Income taxes

€34k▼

2023 · €586k

Staff costs

€45k▲

2023 · €42k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€15.55M€13.94M▼

Fixed assets21/28€1.09M€579k▼

Tangible fixed assets22/27€1.09M€544k▼

Land and buildings22€1.02M€477k▼

Plant, machinery and equipment23-€2k

Furniture and vehicles24€29k€23k▼

Other tangible fixed assets26€43k€42k▼

Financial fixed assets28-€35k

Other financial fixed assets284/8-€35k

Amounts receivable and cash guarantees285/8-€35k

Current assets29/58€14.46M€13.36M▼

Stocks and contracts in progress3€7.97M€5.85M▼

Stocks30/36€7.97M€5.85M▼

Property held for sale35-€5.85M

Amounts receivable within one year40/41€6.39M€7.49M▲

Trade receivables40€5.86M€6.90M▲

Other amounts receivable41€522k€588k▲

Cash at bank and in hand54/58€103k€29k▼

Equity and liabilities

Total equity and liabilities10/49€15.55M€13.94M▼

Equity10/15€445k€-272k▼

Contributions10/11€320k€320k=

Capital10€320k€320k=

Issued capital100€320k€320k=

Reserves13€125k€125k=

Non-distributable reserves130/1€32k€32k=

Legal reserve130€32k€32k=

Distributable reserves133€93k€93k=

Profit (loss) carried forward14-€-718k

Amounts payable17/49€15.10M€14.21M▼

Amounts payable within one year42/48€15.10M€13.98M▼

Financial debts43€6.77M€3.80M▼

Credit institutions430/8€6.77M€3.80M▼

Trade debts44€4.37M€2.87M▼

Suppliers440/4€4.37M€2.87M▼

Advances received on contracts in progress46€28k€378k▲

Taxes, remuneration and social security45€2.06M€2.67M▲

Taxes450/3€2.06M€2.66M▲

Remuneration and social security454/9€4k€2k▼

Other amounts payable47/48€1.87M€4.26M▲

Accrued charges and deferred income492/3€120€237k▲

Income statement Code20232024

Operating income70/76A-€13.30M

Turnover70-€12.83M

Other operating income74-€73k

Non-recurring operating income76A-€403k

Operating charges60/66A-€13.40M

Goods for resale, raw materials and consumables60-€12.76M

Purchases600/8-€10.63M

Change in stocks: decrease (increase)609-€2.13M

Services and other goods61-€496k

Remuneration, social security and pensions62€42k€45k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€24k▼

Other operating charges640/8€127k€78k▼

Non-recurring operating charges66A€10k-

Gross operating margin9900€249k-

Operating profit (loss)9901€33k€-96k▼

Financial income75/76B€3k€869▼

Recurring financial income75€3k€869▼

Other financial income752/9-€869

Financial charges65/66B€665k€588k▼

Recurring financial charges65€665k€588k▼

Debt charges650-€437k

Other financial charges652/9-€151k

Profit (loss) for the period before taxes9903€-630k€-683k▼

Income taxes67/77€586k€34k▼

Taxes670/3-€34k

Profit (loss) for the period9904€-1.22M€-718k▲

Profit (loss) for the period to be appropriated9905€-1.22M€-718k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.22M€-718k▲

Transfer from equity791/2€1.22M-

Social balance

Average headcount (FTE)90870.70.7=

The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2026

23-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 327 days late

2025

05-12

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 492 days late

2024

09-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 406 days late

2023

31-12

Financial Weakest financial yearnet €-1.22M ▼2229%

Net result drops to €-1.22M, the lowest in the series; recovery starts the following year.

23-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 388 days late

2021

30-11

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 122 days late

2020

31-12

Financial Highest result since 2018net €474k ▲211%

Net result €474k, the highest in the series.

30-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 122 days late

2019

31-12

Financial Equity above €1MEq €1.06M ▲16.8%

2 profitable years in a row build equity to €1.06M.

10-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 71 days late

2018

22-11

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 114 days late

10-01

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 163 days late

2017

02-05

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 275 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

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.

27-05-2024 Resigned as Director

Location & real-estate footprint

Registered office, Scherpenheuvel-Zichem · 1 establishment unit since 2007

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.

Schransstraat 68A3270 Scherpenheuvel-Zichem

Ground area

1.6 ha

Building footprint

710 m²

Volume, LiDAR

5,208 m³

2 parcels, Flanders · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Mac Projectontwikkeling

Refugiestraat 25, 3290 DiestNACE 7011102

since 20072.166.790.255

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24098B0231/00_000	Flanders	1.5 ha	1 · 464 m²	17.1 m · 2 fl.
24020A1395/00V000 ProtectedMonumentWoning Het SpijkerSource ↗	Flanders	733 m²	1 · 246 m²	18.1 m · 4 fl.