MAC PROPERTIES
ActiveSummary
MAC PROPERTIES has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €36,636. Equity remains stable across the filed financial years (±1.9% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- €2.5m
- Profit
- €36,636
- Largest shareholder
- INSULA · 45%
- Holdings
- 2
- Eva CarmelietDirector
- Wouter De NeveDirector
Why 65raises riskLiquidity: current ratio 0.38, cash €4,606, halved1 change of registered office in 24 monthsNo main activity registeredlowers riskSize: total assets €12.3mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized): better than 22% on solvency, 25% on liquidity, 63% on profitability and 55% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Reappointments: Wouter De Neve (director) and…Registered-office move
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.4% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 733 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €6,485 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €125,979 | €172,371 | €19,685 | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €151,341 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,537 | €161,915 | €503,972 | €584,908 | €518,733 | €359,049 | €460,439 | ▲ 28.2% |
| Other operating charges640/8 | - | - | - | €82,215 | €51,793 | €81,835 | €89,605 | ▲ 9.5% |
| Non-recurring operating charges66A | - | - | - | - | - | €0 | - | - |
| Gross operating margin9900 | €213,262 | €175,162 | €666,287 | €558,933 | €604,111 | €704,806 | €827,441 | ▲ 17.4% |
| Operating profit (loss)9901 | €115,295 | -€14,130 | €116,243 | -€108,190 | €33,585 | €263,922 | €277,397 | ▲ 5.1% |
| Financial income75/76B | - | - | - | €1 | €0 | €1 | €15,109 | ▲ 12,185× |
| Recurring financial income75 | €73 | €90 | €740 | €1 | €0 | €1 | €15,109 | ▲ 12,185× |
| Financial charges65/66B | - | - | - | €104,725 | €116,934 | €208,421 | €246,601 | ▲ 18.3% |
| Recurring financial charges65 | €37,124 | €38,981 | €97,369 | €104,725 | €116,934 | €208,421 | €246,601 | ▲ 18.3% |
| Profit (loss) for the period before taxes9903 | €78,243 | -€53,022 | €19,614 | -€212,915 | -€83,348 | €55,503 | €45,905 | ▼ 17.3% |
| Transfer from deferred taxes780 | - | - | - | €144,530 | €104,589 | €121,981 | €92,350 | ▼ 24.3% |
| Income taxes67/77 | €35,739 | -€10,000 | €42,868 | €48,536 | €24,172 | €149,473 | €101,619 | ▼ 32.0% |
| Profit (loss) for the period9904 | €43,616 | -€42,466 | €44,498 | -€116,921 | -€2,932 | €28,012 | €36,636 | ▲ 30.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €96,798 | €69,335 | €121,511 | €154,953 | ▲ 27.5% |
| Profit (loss) for the period to be appropriated9905 | €45,773 | -€41,388 | €61,951 | -€20,122 | €66,403 | €149,523 | €191,589 | ▲ 28.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6.4m | €6.8m | €13.0m | €13.2m | €12.9m | €12.6m | €12.3m | ▼ 2.6% |
| Fixed assets21/28 | €6.3m | €6.7m | €12.4m | €12.4m | €11.8m | €11.4m | €11.3m | ▼ 0.7% |
| Intangible fixed assets21 | - | - | €3.7m | €3.7m | €3.7m | €3.7m | €3.7m | = |
| Tangible fixed assets22/27 | €1.9m | €2.2m | €8.3m | €8.4m | €7.7m | €7.3m | €7.2m | ▼ 1.1% |
| Land and buildings22 | - | - | - | €8.3m | €7.7m | €7.3m | €7.2m | ▼ 1.1% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.004m | €0.003m | €0.002m | ▼ 38.8% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.002m | €0.001m | €387 | ▼ 66.7% |
| Financial fixed assets28 | €4.5m | €4.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 0.1% |
| Current assets29/58 | €0.06m | €0.07m | €0.6m | €0.8m | €1.1m | €1.3m | €1.0m | ▼ 19.9% |
| Amounts receivable within one year40/41 | €0.02m | €4 | €0.5m | €0.7m | €1.0m | €1.2m | €1.0m | ▼ 17.4% |
| Trade receivables40 | - | - | - | €0.02m | €0.003m | €0.006m | €0.004m | ▼ 36.6% |
| Other amounts receivable41 | - | - | - | €0.7m | €1.0m | €1.2m | €1.0m | ▼ 17.3% |
| Cash at bank and in hand54/58 | €0.04m | €0.07m | €0.07m | €0.06m | €0.1m | €0.04m | €0.005m | ▼ 89.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6.4m | €6.8m | €13.0m | €13.2m | €12.9m | €12.6m | €12.3m | ▼ 2.6% |
| Equity10/15 | €2.2m | €2.3m | €2.3m | €2.2m | €2.4m | €2.5m | €2.5m | ▲ 1.5% |
| Contributions10/11 | €0.4m | €0.4m | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €1.6m | €1.7m | €1.7m | €1.6m | €1.7m | €1.6m | €1.5m | ▼ 9.5% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | €1.6m | €1.7m | €1.6m | €1.4m | ▼ 9.8% |
| Profit (loss) carried forward14 | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.6m | ▲ 47.7% |
| Provisions and deferred taxes16 | €0.8m | €0.9m | €1.7m | €1.5m | €1.2m | €1.1m | €1.0m | ▼ 8.6% |
| Deferred taxes168 | - | - | - | €1.5m | €1.2m | €1.1m | €1.0m | ▼ 8.6% |
| Amounts payable17/49 | €3.4m | €3.6m | €9.0m | €9.5m | €9.3m | €9.1m | €8.8m | ▼ 3.0% |
| Amounts payable after more than one year17 | €3.0m | €3.4m | €6.6m | €6.8m | €6.9m | €6.3m | €6.1m | ▼ 3.3% |
| Financial debts170/4 | - | - | - | €6.7m | €6.8m | €6.3m | €6.1m | ▼ 3.3% |
| Other amounts payable178/9 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 1.1% |
| Amounts payable within one year42/48 | €0.5m | €0.2m | €2.3m | €2.6m | €2.4m | €2.7m | €2.7m | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.1m | €0.7m | €0.7m | €0.7m | ▲ 1.1% |
| Financial debts43 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Credit institutions430/8 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Trade debts44 | €0.02m | €0.03m | €0.3m | €0.04m | €0.03m | €0.07m | €0.01m | ▼ 83.1% |
| Suppliers440/4 | - | - | - | €0.04m | €0.03m | €0.07m | €0.01m | ▼ 83.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.03m | €0.2m | €0.004m | ▼ 97.7% |
| Taxes450/3 | - | - | - | €0.05m | €0.03m | €0.2m | €0.004m | ▼ 97.7% |
| Other amounts payable47/48 | - | - | - | €1.1m | €1.3m | €1.5m | €1.6m | ▲ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.04m | -€0.04m | €0.04m | -€0.1m | -€0.003m | €0.03m | €0.04m | ▲ 30.8% |
| + Depreciation and write-downs630 | €0.09m | €0.2m | €0.5m | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 28.2% |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.5m | €0.5m | €0.5m | €0.4m | €0.5m | ▲ 28.4% |
| Investment in fixed assets (approximation) | - | -€0.5m | -€6.2m | -€0.6m | €0.09m | €0.07m | -€0.4m | - |
| Change in cash | - | €0.03m | €0.006m | -€0.006m | €0.05m | -€0.07m | -€0.04m | ▲ 39.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00023764 |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00027665 |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00021963 |
| 30-06-2022 | abbreviated format | 28-02-2023 | 2023-00035432 |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-04600111 |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-03200012 |
| 30-06-2019 | abbreviated format | 06-12-2019 | 2019-75400223 |
| 30-06-2018 | abbreviated format | 03-01-2019 | 2019-00100201 |
| 31-12-2016 | micro format | 26-09-2017 | 2017-63800516 |
| 31-12-2015 | full format | 18-08-2016 | 2016-44400379 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Eva Carmeliet |
|
| Wouter De Neve |
|
Owners and capital
Owners
2 ownersOwners 2
-
45%
-
39.99%
According to the annual accounts to 30-06-2025 of MAC PROPERTIES and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 30-06-2025
- KREKEL MOBILITYsubsidiaryEquity €17,399Result -€4,664100%
- Equity €2.8mResult €66,96942.5%
According to the annual accounts to 30-06-2025 of MAC PROPERTIES and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-04
Gazette deed
Reappointments: Wouter De Neve (director) and Eva Carmeliet (director)Registered-office move5 facts ▸
- Board meeting, 19-01-2026
- Registered-office move, Steenweg op Jette 239,1080 Sint-Jans-Molenbeek
- General meeting, 19-01-2026
- Director reappointment, Wouter De Neve (director (not named in the articles))
- Director reappointment, Eva Carmeliet (director (not named in the articles))
29-01
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 05-12-2023
- Registered-office move, Isidoor Meyskensstraat 222, 1780 Wemmel
Show earlier events
About the unread acts
Of the 13 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21012E0018/00N000 | Brussels | 96 m² | - | - |