MAC² SOLUTIONS

Active

Public limited companyfounded 1997active for 28 yearsBlauwe Weg 7, 2030 Antwerpen, BelgiumKBO/BCE: BE 0461.862.035

Summary

MAC² SOLUTIONS has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of -€71,499. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 46% of 279 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

MAC² SOLUTIONSActiveChecked score 81/100

Risk analysis Report Compare

Activity

Waste collection, recovery and disposal activities

NACE 38330

7th largest company by total assets in Antwerp, Water and waste sector1 site

Size

€11.8mturnover 2025

Staff: 24.7 FTE
Equity: €5.3m
Loss: -€71,499

Financial health

81 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: J.M. RECYCLING · 100%

Jemi Consult BVManaging director · permanent representative Louis MACHIELS
Iguanodon BVDirector · permanent representative Bernard Hallemans
Tom Melotte BVDirector

Auditor: BV VAN HAVERMAET BEDRIJFSREVISOREN2025 accounts 2 days early4 of 25 deeds summarised

Why 81raises riskLiquidity: current ratio 0.92, cash €27,652Size: turnover €11.8m, 24.7 FTE, total assets €14.2mLoss of €71,499 (financial year 2025)lowers riskFounded in 1997Show the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 38% of its sector peers (NACE 38, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 63+2

equity 37.5% of total assets

Liquidity 42+3

short-term debt 23.7% · cash 0.2%

Profitability 66-22

return on assets -0.5%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (200 companies, NACE 38, small)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -0.6 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026

Credit of up to €430,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.92, compared with 0.99 in 2024, below 1; short-term debt: 23.7% and cash: 0.2% of total assets), and 62.5% of the assets are financed with debt and provisions.

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 (NACE 38, small): better than 51% on solvency, 40% on liquidity, 41% on profitability and 22% on growth.

The bankruptcy probability was computed on 27-10-2026 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).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 0.92, cash €27,652

NBB · annual accounts

Founded in 1997

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: turnover €11.8m, 24.7 FTE, total assets €14.2m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Loss of €71,499 (financial year 2025)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

2 days early

2024

27 days late

2023

34 days early

2022

9 days late

2021

12 days late

2020

31 days late

2019

5 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days after the deadline; the sector median (NACE 38) for financial year 2024 is 8 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-07-2026 Annual accounts filedfinancial year 2025 · full…
08-07-2026 Reappointment: Van Havermaet Bedrijfsrevisoren BV (statutory…Permanent representative: Louis Machiels
06-05-2026 Resignations: Pampelonne BV (director) and Befas…Permanent representatives: Marieke Meugens, Tom…

Key points

Caution: From profit to loss in 2025after €1.5m in 2024 -€71,499 View
Caution: Among the weakest 18% on net resultsector median €141,730 · 277 companies -€71,499 View
Board changedlatest change 01-12-2025 · 3 in office 2 joined · 2 left View
Controlled by J.M. RECYCLING 100% View

By topic

Financials

Financial year: 2025
Turnover: €11.8m
Loss: -€71,499
Solvency: 37.5%

Turnover▼ 14.8%

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Parent: J.M. RECYCLING · 100%
Auditor: BV VAN HAVERMAET BEDRIJFSREVISOREN

Jemi Consult BVManaging director
Iguanodon BVDirector
Tom Melotte BVDirector

Go to Board & ownership

Timeline

Events: 36
Since: 1999
Next accounts: by 31-07-2027

27-08-2025Annual accounts filed
31-12-2024Highest result from 2018 to 2025
31-12-2024Equity above €5m

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Waste collection, recovery and disposal activitiesNACE 38330
Founded: 13-11-1997
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 1

See the provisions in the deeds

Go to Articles of association

Key facts about MAC² SOLUTIONS

What is the company number of MAC² SOLUTIONS?: 0461.862.035. In Belgium the VAT number is the company number with BE in front: BE 0461.862.035.
Where is MAC² SOLUTIONS based?: The registered office is at Blauwe Weg 7, 2030 Antwerpen.Company details
What does MAC² SOLUTIONS do?: According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38330).
What is the legal form of MAC² SOLUTIONS?: Public limited company (NV).
When was MAC² SOLUTIONS founded?: On 13-11-1997.
Is MAC² SOLUTIONS still active?: Yes, MAC² SOLUTIONS is an active enterprise in the KBO register.
How many employees does MAC² SOLUTIONS have?: On average 24.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MAC² SOLUTIONS?: €11.8m in financial year 2025, according to the filed annual accounts.
Is MAC² SOLUTIONS profitable?: In financial year 2025, MAC² SOLUTIONS made a loss of €71,499.
Where can I find the annual accounts of MAC² SOLUTIONS?: MAC² SOLUTIONS filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MAC² SOLUTIONS due?: By 31-07-2027, for financial year 2026.Timeline