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MAC TELECOM HOLDINGS

Active
Public limited companyfounded 2003active for 23 yearsZeedijk 133, 8400 Oostende, Belgium14 active companies are registered at this addressKBO/BCE: BE 0479.792.583
Summary

MAC TELECOM HOLDINGS has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,707 and a net result of -€3,970. Equity is shrinking by about 5% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
Activity not known1 site
Size
€15,994total assets 2025
Equity
€9,707
Loss
-€3,970
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Parent
Sewan Belgium SA
Holdings
1
Accounts on time0 of 17 deeds read
Why 65raises risk2 of the last 3 lateLoss of €3,970, the second in a row (financial year 2025)lowers riskSize: total assets €15,994Founded in 2003Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 23% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Weak
Solvency 86-14
equity 60.7% of total assets
Liquidity 39-14
short-term debt 39.3% · cash 6.2%
Profitability 0-15
return on assets -24.8%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 3.1% 12-2024: 3.1%● unchanged vs 11-2024 01-2025: 3.1%● unchanged vs 12-2024 02-2025: 3.1%● unchanged vs 01-2025 03-2025: 3.3%▲ +0.2 percentage points vs 02-2025 04-2025: 3.5%▲ +0.2 percentage points vs 03-2025 05-2025: 3.4%▼ -0.1 percentage points vs 04-2025 06-2025: 4.0%▲ +0.6 percentage points vs 05-2025 07-2025: 4.4%▲ +0.4 percentage points vs 06-2025 08-2025: 4.3%▼ -0.1 percentage points vs 07-2025 09-2025: 4.6%▲ +0.3 percentage points vs 08-2025highest value 10-2025: 2.4%▼ -2.2 percentage points vs 09-2025 11-2025: 1.0%▼ -1.4 percentage points vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.1%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%▼ -0.1 percentage points vs 04-2026 06-2026: 1.1%▲ +0.1 percentage points vs 05-2026 07-2026: 1.2%▲ +0.1 percentage points vs 06-2026 08-2026: 1.0%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 1.0%● unchanged vs 08-2026lowest value 10-2026: 1.0%● unchanged vs 09-2026lowest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.16, compared with 0.29 in 2024, below 1; short-term debt: 39.3% and cash: 6.2% of total assets), and 39.3% 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 (no NACE code, micro): better than 51% on solvency, 22% on liquidity, 4% on profitability and 14% on growth.

The bankruptcy probability was computed on 17-10-2026 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 riskraises riskneutral
lowers risk · Size: total assets €15,994
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 2 of the last 3 late
NBB · filings
raises risk · Loss of €3,970, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,970
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
61 days late
2023
77 days late
2022
325 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 filings

This company filed its last 7 accounts on average 70 days after 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)
neutral · 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 30 September (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€3,970 View
  • Controlled by Sewan Belgium SAthe company in turn controls 1 companies parent View
  • Total assets 20256 financial years filed €15,994 View

By topic

Financials

Financial year
2025
Total assets
€15,994
Loss
-€3,970
Solvency
60.7%
Total assets▲ 2.9%
Net result
20182025
Go to Financials

Timeline

Events
25
Since
2005
Next accounts
by 31-07-2027
  1. 20-06-2024Annual accounts filed
  2. 31-12-2022Back to profit
  3. 31-12-2022Liquidity more than 76 times
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
18-03-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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