MACA
Liquidation closedOverview
Overview
Official details
Source: KBO- Status
- Liquidation closed deed of 27-11-2025
- Activity
- “Het gemeenschappelijk organiseren van de beroepsactiviteiten van de geneesheren-aandeelhouders, rekening houdend met de regelen…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2024
- Gross margin
- €31,089
- ▼ 80.4%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €112,172
- ▲ 5.5%
- Equity
- €39,845
- ▼ 95.7%
- Total assets
- €61,772
- ▼ 93.4%
Financials
Financials · financial year 2024, micro format
2024 annual accounts filed 29 days after the deadline Filed on 29 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00456231.
Annual accounts 2024 filed on 29-08-2025 PDF all 41 filings
Turnover
≈ €130,000
Estimated: probably between €75,000 and €230,000
Total assets
€61,772▼ 93.4%
2024 · €937,395
Net result
€112,172▲ 5.5%
2024 · €106,301
Working capital
€42,231▼ 94.6%
2024 · €785,457
Multi-year overview
2018 to 2024, 8 financial yearsOperating result
€28,451
2024
20182024
Net result
€112,172
2024
20182024
Equity
€39,845
2024
20182024
Total assets
€61,772
2024
20182024
Debt
€21,927
2024
20182024
Working capital
€42,231
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242024
Operating result€90,431-€93,107▲ 3.0%€122,989▲ 32.1%€109,275▼ 11.2%€105,488▼ 3.5%€144,856▲ 37.3%€151,281▲ 4.4%€28,451-
Net result€88,505-€66,081▼ 25.3%€91,605▲ 38.6%€80,717▼ 11.9%€43,083▼ 46.6%€100,824▲ 134%€106,301▲ 5.4%€112,172-
Equity€484,974-€551,055▲ 13.6%€642,660▲ 16.6%€723,378▲ 12.6%€739,951▲ 2.3%€820,249▲ 10.9%€920,235▲ 12.2%€39,845-
Total assets€488,060-€553,262▲ 13.4%€650,671▲ 17.6%€731,353▲ 12.4%€753,801▲ 3.1%€842,199▲ 11.7%€937,395▲ 11.3%€61,772-
Debt€3,085-€2,207▼ 28.5%€8,010▲ 263%€7,976▼ 0.4%€13,850▲ 73.6%€21,950▲ 58.5%€17,161▼ 21.8%€21,927-
Working capital€351,677-€430,736▲ 22.5%€538,245▲ 25.0%€596,774▲ 10.9%€618,225▲ 3.6%€708,385▲ 14.6%€785,457▲ 10.9%€42,231-
Several financial years end in the same calendar year, so there is no annual trend.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2024 as the grey bar beneath
Assets €61,772
Fixed assets
€3,698 ▼ 97.3%
Current assets
€58,073 ▼ 92.8%
Equity and liabilities €61,772
Equity
€39,845 ▼ 95.7%
Debt
€21,927 ▲ 27.8%
Debt's share of the balance-sheet total rises from 1.8% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30,897▼
2024 · €155,238
Cash flow
€114,618▲
2024 · €110,258
Current ratio
3.67▼
2024 · 46.77
Debt to equity
0.55▲
2024 · 0.02
ROE
281.5%▲
2024 · 11.6%
ROA
181.6%▲
2024 · 11.3%
Interest coverage
93.96▼
2024 · over 100
Debt ≤ 1 year
€15,842▼
2024 · €17,161
Income taxes
€23,893▼
2024 · €49,628
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 28-11-2024 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €46,879 | €8,091 | €4,782 | €25,756 | €8,789 |
| Depreciation and write-downs of the year | €25,408 | €14,020 | €14,167 | €3,957 | €2,446 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €17,750 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,476 | €24,353 | €23,067 | €25,408 | €14,020 | €14,167 | €3,957 | €2,446 | - |
| Other operating charges640/8 | - | - | - | €2,298 | €2,695 | €2,558 | €3,061 | €192 | - |
| Gross operating margin9900 | €116,472 | €120,188 | €148,789 | €136,981 | €122,203 | €161,581 | €158,299 | €31,089 | - |
| Operating profit (loss)9901 | €90,431 | €93,107 | €122,989 | €109,275 | €105,488 | €144,856 | €151,281 | €28,451 | - |
| Financial income75/76B | - | - | - | €4,178 | - | €5,178 | €5,616 | €107,943 | - |
| Recurring financial income75 | €37,616 | - | €6,168 | €4,178 | - | €5,178 | €5,616 | €107,943 | - |
| Financial charges65/66B | - | - | - | €1,087 | €31,093 | €1,055 | €968 | €329 | - |
| Recurring financial charges65 | €1,346 | €1,095 | €1,034 | €1,087 | €31,093 | €1,055 | €968 | €329 | - |
| Profit (loss) for the period before taxes9903 | €126,701 | €92,012 | €128,123 | €112,365 | €74,395 | €148,979 | €155,929 | €136,065 | - |
| Income taxes67/77 | €38,196 | €25,931 | €36,517 | €31,648 | €31,312 | €48,155 | €49,628 | €23,893 | - |
| Profit (loss) for the period9904 | €88,505 | €66,081 | €91,605 | €80,717 | €43,083 | €100,824 | €106,301 | €112,172 | - |
| Profit (loss) for the period to be appropriated9905 | €88,505 | €66,081 | €91,605 | €80,717 | €43,083 | €100,824 | €106,301 | €112,172 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | €0.06m | - |
| Fixed assets21/28 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.004m | - |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.004m | - |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.007m | €0.006m | €0.006m | €0.004m | €0.004m | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.001m | - | - | - | - |
| Current assets29/58 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €0.8m | €0.06m | - |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | - | - | €0.009m | - | - | €0.01m | - |
| Other amounts receivable41 | - | - | - | - | €0.009m | - | - | €0.01m | - |
| Current investments50/53 | - | - | €0.2m | €0.3m | €0.3m | €0.6m | €0.6m | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.1m | €0.2m | €0.009m | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.03m | €0.02m | €0.03m | €0.04m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | €0.8m | €0.9m | €0.06m | - |
| Equity10/15 | €0.5m | €0.6m | €0.6m | €0.7m | €0.7m | €0.8m | €0.9m | €0.04m | - |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | - |
| Reserves13 | €0.5m | €0.5m | €0.6m | €0.7m | €0.7m | €0.8m | €0.9m | €1.0m | - |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.8m | €0.9m | €1.0m | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | - | - | - | €1.0m | - |
| Amounts payable17/49 | €0.003m | €0.002m | €0.008m | €0.008m | €0.01m | €0.02m | €0.02m | €0.02m | - |
| Amounts payable within one year42/48 | €0.002m | €448 | €0.006m | €0.006m | €0.01m | €0.02m | €0.02m | €0.02m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.002m | €0.008m | €0.01m | €0.01m | - |
| Taxes450/3 | - | - | - | €0.005m | €0.002m | €0.008m | €0.01m | €0.01m | - |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.01m | €0.01m | €0.003m | €0.001m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.001m | €0.001m | - | €0.006m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88,505 | €66,081 | €91,605 | €80,717 | €43,083 | €100,824 | €106,301 | €112,172 | - |
| + Depreciation and write-downs630 | €23,476 | €24,353 | €23,067 | €25,408 | €14,020 | €14,167 | €3,957 | €2,446 | - |
| Operating cash flow (approximation) | €111,981 | €90,433 | €114,673 | €106,125 | €57,103 | €114,991 | €110,258 | €114,618 | - |
| Investment in fixed assets (approximation) | - | -€12,502 | -€7,809 | -€46,879 | -€8,091 | -€4,782 | -€25,756 | - | - |
| Change in cash | - | €71,633 | -€89,372 | -€15,603 | €29,927 | -€206,219 | €81,996 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-08-2025 | 2025-00456231 | |
| 28-11-2024 | micro format | 27-06-2025 | 2025-00193160 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00433642 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00401951 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20452884 | |
| 31-12-2020 | micro format | 14-09-2021 | 2021-67500552 | |
| 31-12-2019 | micro format | 08-09-2020 | 2020-52600101 | |
| 31-12-2018 | micro format | 22-08-2019 | 2019-49400550 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-52100195 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58500378 |
Board & ownership
Directors
Directors
1 office holder, last change in 2024
Statutory auditor 1
Steven Vanderhaegen
Current
Statutory auditor · appointed by deed of 23-12-2024
Other functions 1
MAERE Frank Cyriel Camiel
Current
Liquidator · appointed by deed of 23-12-2024 · earlier manager, until 25-10-2023 · earlier director, until 23-12-2024
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Ingeval van overlijden of ontslag van een bestuurder zal de algemene vergadering eventueel in zijn vervanging voorzien en zullen ondertussen…”
deed of 25-10-2023Owners and capital
Capital transactions
Capital over time
- 25-10-2023 Converted to unavailable equity
Mandate history
2 people, 2 in office
- Board
- Statutory auditor
- Other function
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Steven Vanderhaegen |
|
| MAERE Frank Cyriel Camiel |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 directordeed of 25-10-2023 (in Dutch)
- Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
- “8380 Zeebrugge, Lisseweegse Steenweg 168”deed of 27-11-2025 (in Dutch)
Network & group
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BLERIOT WAREHOUSE
via HUART Capucine Ariane Eric (permanent representative of MACA) · Director (not named in the articles) · deed of 22-04-2022
Founded in 2022 · total assets €4.2m (2025)
→
MaCa
via HUART Capucine Ariane Eric (permanent representative of MACA) · Director (not named in the articles) · deed of 06-07-2023
Founded in 2023 · total assets €569,146 (2025)
→
CH FLOWERS
via HUART Capucine Ariane Eric (permanent representative of MACA) · Director (not named in the articles) · deed of 11-07-2023
Founded in 2010 · 2 FTE (2025)
→
DESIGN HOME DECOR
via HUART Capucine Ariane Eric (permanent representative of MACA) · Director (not named in the articles) · deed of 30-12-2022
Founded in 2007 · total assets €276,297 (2025)
→
Timeline
Deeds, filings and financial milestones
2025
27-11
Gazette deed
Closure of the liquidationLiquidation closed · Books and records kept in Zeebrugge (5 years)2 points ▸
Gazette deed
Closure of the liquidation
Liquidation closed · Books and records kept in Zeebrugge (5 years)2 points ▸
- General meeting, 30-03-2025
- Power of attorney, Frank Maere
- The deed holds 5 more points.
29-08
micro format · 29 days late
27-06
micro format · 1 day before the deadline
2024
31-12
Financial
Highest result from 2018 to 2024net €112,172 ▲5.5%
The net result of €112,172 is the highest of those years.
23-12
Gazette deed
Dissolution of the companyDissolved on 28-11-2024, in liquidation · Liquidator: MAERE Frank Cyriel Camiel, formerly director · Change of role: MAERE Frank Cyriel Camiel, from director to liquidator5 points ▸
Gazette deed
Dissolution of the company
Dissolved on 28-11-2024, in liquidation · Liquidator: MAERE Frank Cyriel Camiel, formerly director · Change of role: MAERE Frank Cyriel Camiel, from director to liquidator5 points ▸
- General meeting, 28-11-2024
- Auditor appointment, Steven Vanderhaegen
- Director resignation, MAERE Frank Cyriel Camiel
- Director discharge, MAERE Frank Cyriel Camiel
- Director appointment, MAERE Frank Cyriel Camiel (liquidator)
- The deed holds 4 more points.
31-08
micro format · 31 days late
2023
25-10
Gazette deed
Resignation: MAERE Frank Cyriel Camiel (manager)Reappointment: MAERE Frank Cyriel Camiel (director) · Director discharge: MAERE Frank Cyriel Camiel6 points ▸
Gazette deed
Resignation: MAERE Frank Cyriel Camiel (manager)
Reappointment: MAERE Frank Cyriel Camiel (director) · Director discharge: MAERE Frank Cyriel Camiel6 points ▸
- 750 shares
- Power of attorney, Xavier De Maesschalck
- Director resignation, MAERE Frank Cyriel Camiel (manager)
- Director reappointment, MAERE Frank Cyriel Camiel (director (not named in the articles))
- Director discharge, MAERE Frank Cyriel Camiel
- Registered office clause, Lisseweegse Steenweg 168, 8380 Zeebrugge (Zwankendamme)
- The deed holds 6 more points.
30-08
micro format · 30 days late
2022
31-12
Financial
Weakest financial yearnet €43,083 ▼46.6%
The net result drops to €43,083, the lowest from 2018 to 2024.
30-09
micro format · 61 days late
2021
14-09
micro format · 45 days late
2020
08-09
micro format · 39 days late
Show earlier events
2019
31-12
Financial
Liquidity more than 6 timescurrent ratio 963.00
The current ratio rises from 144.28 to 963.00. Short-term debt falls from €2,454 to €448.
31-12
Financial
Equity above €500,000equity €551,055 ▲13.6%
With a profit in every financial year since 2018, equity grows to €551,055.
22-08
micro format · 22 days late
2018
27-08
micro format · 27 days late
2017
31-08
micro format · 31 days late
1985
18-12
Gazette deed
Incorporation
18 publications in the Belgian Official Gazette, the last on 27-11-2025
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Liquidation closed
MACA is no longer in the KBO register.
- Status
- Inactive
- Reason
- Liquidation closedBelgian Official Gazette, 27 November 2025 · deed
- Last annual accounts
- financial year to 31 December 2024
- Last registered office
- Lisseweegse Steenweg 168, 8380 Zeebruggeas published on 27 November 2025
- Legal form
- Private limited company
- First annual accounts
- financial year 1985
Purpose, financial year and meetings according to the articles of association
Name, seat, purpose and duration
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het gemeenschappelijk organiseren van de beroepsactiviteiten van de geneesheren-aandeelhouders, rekening houdend met de regelen van de…”
6 activities
- Het gemeenschappelijk organiseren van de beroepsactiviteiten van de geneesheren-aandeelhouders, rekening houdend met de regelen van de medische plichtenleer qua uitoefening van de geneeskunst, dit wil zegen dat de geneeskunde uitgeoefend wordt door de geneesheren-aandeelhouders onder hun eigen verantwoordelijkheid, doch dat de erelonen door de vennootschap worden geïnd voor rekening van de geneesheren-aandeelhouders en dat de aldus geïnde sommen aangewend zullen worden door de vennootschap voor het optimaal ter beschikking stellen van alle materiële en financiële middelen voor de uitoefening van het beroep van geneesheer.
- Het ter beschikking stellen van alle nodige middelen aan geneesheren die tot de vennootschap zijn toegetreden.
- Het inrichten van algemene diensten en een medisch secretariaat in het bijzonder, die nuttig of nodig zijn voor de uitoefening van voornoemde activiteiten.
- De aankoop, het huren en invoeren van alle medische apparatuur en begeleidende accommodaties voor de eigen praktijk.
- Het aanleggen van reserves ten einde alle nodige apparatuur en gebouwen, die noodzakelijk zijn om de bovenvermelde medische disciplines uit te voeren, aan te schaffen.
- De mogelijkheden scheppen om de geneesheren-aandeelhouders toe te laten zich verder te bekwamen ten einde in hun disciplines aan de spits van de evolutie te blijven.
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaamse Gewest”
General meeting and financial year
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of May at 18:00
Articles of association, deed of 25-10-2023 (in Dutch)