MAC-SQUARE
ActiveSummary
MAC-SQUARE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.1m and a net result of €164,103. Equity is growing by ~54% per year across the filed fiscal years. Its solvency ranks better than 54% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-34
Solvency82▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.43 in 2024; short-term debt: 34.4% and cash: 2% of total assets), and 43.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.8%
Return on assets
3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
29 d late
2023
12 d late
2022
32 d late
2021
31 d late
2020
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€164,103▼ 86.0%
2024 · €1.2m
Working capital
-€1.6m▼ 35.5%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€426,447▲ 218%-€22,172€199,476€182,076▼ 8.7%-€144,424
Net result€298,910▲ 228%€124,176▼ 58.5%€1.5m▲ 1,091%€1.2m▼ 21.0%€164,103▼ 86.0%
Equity€401,999▲ 290%€526,175▲ 30.9%€2.0m▲ 281%€3.0m▲ 48.3%€3.1m▲ 5.5%
Total assets€3.7m▼ 1.6%€9.4m▲ 153%€9.7m▲ 3.0%€9.2m▼ 5.2%€5.5m▼ 39.8%
Debt€3.3m▼ 9.8%€8.9m▲ 168%€7.7m▼ 13.5%€6.2m▼ 19.2%€2.4m▼ 61.6%
Working capital€76,315▼ 71.8%-€1.5m-€1.1m▲ 27.9%-€1.2m▼ 8.8%-€1.6m▼ 35.5%
Staff (FTE)5.2▲ 225%6.3▲ 21.2%6.5▲ 3.2%7.1▲ 9.2%8.2▲ 15.5%
Why a figure moved sharply
- 2025 Net result -86% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
- 2023 Net result +1,091%, Equity +281% on 2022. Cause not known from the registers.
- 2022 Net result -58% on 2021. The accounts now follow the full schema, last year the micro schema.
- 2022 Total assets +153% on 2021. Cause not known from the registers.
- 2021 Net result +228% on 2020. The accounts now follow the micro schema, last year the full schema.
- 2021 Equity +290% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €144,424 after €182,076 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets
€5.3m ▼ 36.6%
Current assets
€272,297 ▼ 69.9%
Equity and liabilities €5.5m
Equity
€3.1m ▲ 5.5%
Debt
€2.4m ▼ 61.6%
Debt's share of the balance-sheet total falls from 67.6% to 43.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€136,958▼
2024 · €189,993
Cash flow
€171,568▼
2024 · €1.2m
Current ratio
0.14▼
2024 · 0.43
Debt to equity
0.76▼
2024 · 2.09
ROE
5.2%▼
2024 · 39.3%
ROA
3.0%▼
2024 · 12.7%
Interest coverage
-11.93▼
2024 · 2.52
Debt ≤ 1 year
€1.9m▼
2024 · €2.1m
Debt > 1 year
€484,928▼
2024 · €4.1m
Income taxes
€7,497▼
2024 · €28,013
Staff costs
€494,460▼
2024 · €511,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €287,592 | €405,933 | €535,432 | €511,439 | €494,460 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,069 | €2,332 | €8,352 | €7,917 | €7,466 | ▼ 5.7% |
| Other operating charges640/8 | - | €57 | €85 | €85 | €256,874 | ▲ 301,749% |
| Gross operating margin9900 | €715,108 | €386,150 | €743,345 | €701,517 | €614,376 | ▼ 12.4% |
| Operating profit (loss)9901 | €426,447 | -€22,172 | €199,476 | €182,076 | -€144,424 | ▼ 179% |
| Financial income75/76B | €280 | €230,576 | €1.4m | €1.1m | €600,000 | ▼ 45.0% |
| Recurring financial income75 | €280 | €230,576 | €1.4m | €1.1m | €350,000 | ▼ 67.9% |
| Non-recurring financial income76B | - | - | - | - | €250,000 | - |
| Financial charges65/66B | €21,736 | €83,912 | €91,497 | €75,516 | €283,977 | ▲ 276% |
| Recurring financial charges65 | €21,736 | €83,912 | €91,497 | €75,516 | €11,477 | ▼ 84.8% |
| Non-recurring financial charges66B | - | - | - | - | €272,500 | - |
| Profit (loss) for the period before taxes9903 | €404,991 | €124,492 | €1.5m | €1.2m | €171,599 | ▼ 85.7% |
| Income taxes67/77 | €106,081 | €315 | €8,448 | €28,013 | €7,497 | ▼ 73.2% |
| Profit (loss) for the period9904 | €298,910 | €124,176 | €1.5m | €1.2m | €164,103 | ▼ 86.0% |
| Profit (loss) for the period to be appropriated9905 | €298,910 | €124,176 | €1.5m | €1.2m | €164,103 | ▼ 86.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €9.4m | €9.7m | €9.2m | €5.5m | ▼ 39.8% |
| Fixed assets21/28 | €3.0m | €8.3m | €8.3m | €8.3m | €5.3m | ▼ 36.6% |
| Tangible fixed assets22/27 | €4,216 | €29,477 | €23,595 | €15,678 | €11,495 | ▼ 26.7% |
| Plant, machinery and equipment23 | - | €2,921 | €2,329 | €1,738 | €1,146 | ▼ 34.0% |
| Furniture and vehicles24 | €4,216 | €26,557 | €21,266 | €13,941 | €10,349 | ▼ 25.8% |
| Financial fixed assets28 | €3.0m | €8.3m | €8.3m | €8.3m | €5.2m | ▼ 36.6% |
| Current assets29/58 | €688,351 | €1.1m | €1.4m | €904,454 | €272,297 | ▼ 69.9% |
| Amounts receivable after more than one year29 | €315,000 | €315,000 | €315,000 | €315,000 | - | - |
| Trade receivables290 | - | €315,000 | €315,000 | - | - | - |
| Other amounts receivable291 | €315,000 | - | - | €315,000 | - | - |
| Amounts receivable within one year40/41 | €230,530 | €136,283 | €429,608 | €284,821 | €143,078 | ▼ 49.8% |
| Trade receivables40 | €18,814 | €15,867 | €16,958 | €17,794 | €12,588 | ▼ 29.3% |
| Other amounts receivable41 | €211,716 | €120,417 | €412,649 | €267,027 | €130,490 | ▼ 51.1% |
| Cash at bank and in hand54/58 | €142,821 | €437,478 | €635,029 | €283,057 | €109,800 | ▼ 61.2% |
| Deferred charges and accrued income490/1 | - | €222,688 | €20,837 | €21,577 | €19,419 | ▼ 10.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €9.4m | €9.7m | €9.2m | €5.5m | ▼ 39.8% |
| Equity10/15 | €401,999 | €526,175 | €2.0m | €3.0m | €3.1m | ▲ 5.5% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Profit (loss) carried forward14 | €389,999 | €514,175 | €2.0m | €3.0m | €3.1m | ▲ 5.5% |
| Amounts payable17/49 | €3.3m | €8.9m | €7.7m | €6.2m | €2.4m | ▼ 61.6% |
| Amounts payable after more than one year17 | €2.7m | €6.2m | €5.2m | €4.1m | €484,928 | ▼ 88.2% |
| Financial debts170/4 | €1.7m | €1.4m | €1.0m | €679,645 | - | - |
| Other amounts payable178/9 | €981,500 | €4.9m | €4.1m | €3.4m | €484,928 | ▼ 85.8% |
| Amounts payable within one year42/48 | €612,036 | €2.6m | €2.5m | €2.1m | €1.9m | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €340,294 | €1.1m | €1.1m | €1.1m | €943,871 | ▼ 12.1% |
| Financial debts43 | €29,414 | - | €29,616 | - | €50,000 | - |
| Credit institutions430/8 | €29,414 | - | €29,616 | - | €50,000 | - |
| Trade debts44 | €84,210 | €151,398 | €75,467 | €71,316 | €54,373 | ▼ 23.8% |
| Suppliers440/4 | €84,210 | €151,398 | €75,467 | €71,316 | €54,373 | ▼ 23.8% |
| Taxes, remuneration and social security45 | €158,119 | €70,877 | €54,740 | €96,436 | €60,943 | ▼ 36.8% |
| Taxes450/3 | €125,849 | €30,206 | €6,430 | €40,050 | €26,632 | ▼ 33.5% |
| Remuneration and social security454/9 | €32,270 | €40,671 | €48,310 | €56,386 | €34,311 | ▼ 39.1% |
| Other amounts payable47/48 | - | €1.3m | €1.3m | €863,801 | €790,001 | ▼ 8.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,293 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €298,910 | €124,176 | €1.5m | €1.2m | €164,103 | ▼ 86.0% |
| + Depreciation and write-downs630 | €1,069 | €2,332 | €8,352 | €7,917 | €7,466 | ▼ 5.7% |
| Operating cash flow (approximation) | €299,979 | €126,508 | €1.5m | €1.2m | €171,568 | ▼ 85.4% |
| Investment in fixed assets (approximation) | - | -€5.3m | -€2,469 | €0 | €3.0m | - |
| Change in cash | - | €294,657 | €197,550 | -€351,972 | -€173,257 | ▲ 50.8% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
31-12
Financial
Highest result since 2020net €1.5m ▲1,091%
Net result €1.5m, the highest in the series.
31-12
Financial
Equity above €2mEq €2.0m ▲281%
4 profitable years in a row build equity to €2.0m.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Equity above €500,000Eq €526,175 ▲30.9%
3 profitable years in a row build equity to €526,175.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200,000Eq €401,999 ▲290%
2 profitable years in a row build equity to €401,999.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2019
Ground area
1.1 ha
Building footprint
625 m²
Volume, LiDAR
8,406 m³
2 parcels, Brussels, Wallonia · tallest building 19.4 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
Mac-Square
since 20192.296.739.472
Vieux Chemin de Wavre 39, 1380 Lasne
since 20232.347.168.188
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0521/00C000 | Wallonia | 8,527 m² | 1 · 168 m² | 9.3 m · 3 fl. |
| 21822R0492/00E000 | Brussels | 1,974 m² | 1 · 457 m² | 19.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RDI
BE 0833.347.883
Boom · Eq €3,138,576
BAVAR
BE 0865.443.896
Tournai · Eq €3,138,274
K&D L.A.
BE 0541.888.421
Assesse · Eq €3,134,397
CCMTX Group
BE 1024.745.711
Ledegem · Eq €3,143,355
STRATEGY AT WORK
BE 0887.315.616
Antwerpen · Eq €3,143,450
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 15,404 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738895619
Also
9925:BE0738895619
Registered
22-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.