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MAC TELECOM

Active
Public limited companyfounded 200224 years activeZeedijk 133, 8400 Oostende, BelgiumKBO/BCE: BE 0476.628.207
Summary

The computed 12-month bankruptcy probability of MAC TELECOM is 3.4% (moderate). The 2024 annual accounts show negative equity (-€846,883) and a net result of -€339,225. Equity is shrinking by ~61.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 398 sector peers (NACE 61, fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Wired, wireless and satellite telecommunications
NACE 61100
1 site
Size
€185,300total assets 2024
Equity
-€846,883
Loss
-€339,225
Financial health
47 Fair Checked score 2024
Bankruptcy probability, 12 months
3.4%
Structure
Parent
MAC TELECOM HOLDINGS · 100%
Accounts 68 days overdue0 of 21 deeds read
Why 47- Loss of €339,225, the second in a row (FY 2024)- 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late+ Founded in 2002+ Size: total assets €185,300Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 10% of its sector peers (NACE 61, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -457.0% of total assets
Liquidity 13+6
short-term debt 515.6% · cash 10.1%
Profitability 0=
return on assets -183.1%
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (525 companies)
Last 24 months 11-2024: 6.4% 12-2024: 6.4%● unchanged vs 11-2024 01-2025: 6.4%● unchanged vs 12-2024 02-2025: 6.4%● unchanged vs 01-2025 03-2025: 6.2%▼ -0.2 percentage points vs 02-2025 04-2025: 6.5%▲ +0.3 percentage points vs 03-2025highest value 05-2025: 6.4%▼ -0.1 percentage points vs 04-2025 06-2025: 6.2%▼ -0.2 percentage points vs 05-2025 07-2025: 6.3%▲ +0.1 percentage points vs 06-2025 08-2025: 6.4%▲ +0.1 percentage points vs 07-2025 09-2025: 6.4%● unchanged vs 08-2025 10-2025: 3.3%▼ -3.1 percentage points vs 09-2025lowest value 11-2025: 4.0%▲ +0.7 percentage points vs 10-2025 12-2025: 4.0%● unchanged vs 11-2025 01-2026: 4.0%● unchanged vs 12-2025 02-2026: 4.0%● unchanged vs 01-2026 03-2026: 3.8%▼ -0.2 percentage points vs 02-2026 04-2026: 3.8%● unchanged vs 03-2026 05-2026: 3.5%▼ -0.3 percentage points vs 04-2026 06-2026: 3.4%▼ -0.1 percentage points vs 05-2026 07-2026: 3.6%▲ +0.2 percentage points vs 06-2026 08-2026: 4.0%▲ +0.4 percentage points vs 07-2026 09-2026: 3.7%▼ -0.3 percentage points vs 08-2026 10-2026: 3.4%▼ -0.3 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.19 against 0.2 in 2023; short-term debt: 515.6% and cash: 10.1% of total assets), and equity is negative.
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 61, micro): better than 8% on solvency, 14% on liquidity, 8% on profitability and 10% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2002
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Loss of €339,225, the second in a row (FY 2024)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
NBB · filings
lowers risk · Size: total assets €185,300
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€846,883
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
61 days late
2023
71 days late
2022
324 days late
2021
5 days early
2020
9 days early
2019
39 days late
← 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 80 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€846,883 View
  • Risk: 6 loss-making years in a rowloss fiscal year 2024 -€339,225 View
  • Caution: Result fell in 2024from -€131,307 to -€339,225 ▼ 158% View
  • Caution: Among the weakest 5% on solvencysector median 42.7% · 398 companies -457.0% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Controlled by MAC TELECOM HOLDINGS 100% View

By topic

Financials

Fiscal year
2024
Total assets
€185,300
Loss
-€339,225
Solvency
-457.0%
Total assets▼ 65.2%
Net result
20182024
Go to Financials

Timeline

Events
11
Since
2016
  1. 26-07-2022Annual accounts filed
  2. 31-12-2021Weakest financial year
  3. 22-07-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wired, wireless and satellite telecommunicationsNACE 61100
Founded
11-01-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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