Equity
Equity rose in 2025 from €249,823 to €430,574.
Equity rose in 2025 from €249,823 to €430,574.
The micro format states no turnover.
Higher net result than 94% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 70, micro). It does better than 86% of them on solvency, 21% on liquidity, 84% on profitability and 85% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,127 companies had the same profile as MaCa has now. Each dot stands for 8 companies, two years later.
That fits the bankruptcy probability of MaCa itself: 0.3% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for MaCa. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.08 (3.69 in 2024), above the usual 1.5. Short-term debt is 24.3% and cash 0.3% of total assets. 24.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 37 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MaCa Lasne | €569,146 | €209,220 | 75.7% | - |
| DSDH MANAGEMENT Waterloo | €486,351 | €176,200 | 74.8% | - |
| J-Mgnt Marche-en-Famenne | €568,386 | €202,520 | 71.8% | - |
| VERMA CONSULT Rumes | €519,382 | €212,223 | 74.7% | - |
| ST MANAGEMENT Soumagne | €537,667 | €224,345 | 80.8% | - |
| BA3RD Koksijde | €621,324 | €223,639 | 60.0% | - |
| Arpe Management Kortrijk | €542,457 | €207,538 | 77.8% | - |
These companies have the same main activity as MaCa: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €486,000 and €621,000, founded in 2023.
MaCa files the micro format. That format states no turnover. The gross margin rose from €124,878 in 2023 to €209,220 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €350,000. Estimated: probably between €300,000 and €420,000.
Higher than 72% of 39,364 companies in 2025.
Higher than 73% of 38,048 companies in 2025.
Higher than 73% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
569,146 | 341,108 | 149,335 | |
21/28 |
3,618 | 4,677 | - | |
22/27 |
3,618 | 4,677 | - | |
24 |
3,618 | 4,677 | - | |
29/58 |
565,528 | 336,431 | 149,335 | |
40/41 |
563,531 | 329,461 | - | |
41 |
563,531 | 329,461 | - | |
54/58 |
1,529 | 6,414 | 149,335 | |
490/1 |
467 | 556 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
569,146 | 341,108 | 149,335 | |
10/15 |
430,574 | 249,823 | 92,067 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
246,823 | 246,823 | 89,067 | |
133 |
246,823 | 246,823 | 89,067 | |
14 |
180,751 | - | - | |
17/49 |
138,571 | 91,284 | 57,268 | |
42/48 |
138,571 | 91,284 | 57,268 | |
44 |
154 | - | - | |
440/4 |
154 | - | - | |
45 |
138,418 | 90,409 | 57,114 | |
450/3 |
138,418 | 90,409 | 57,114 | |
47/48 |
0 | 875 | 153 | |
| Income statement | ||||
9900 |
209,220 | 204,425 | 124,878 | |
630 |
1,059 | 618 | - | |
640/8 |
1,057 | 960 | 596 | |
9901 |
207,105 | 202,847 | 124,282 | |
75/76B |
30,531 | 24,462 | - | |
75 |
30,531 | 24,462 | - | |
65/66B |
2,086 | 1,560 | 32 | |
65 |
2,086 | 1,560 | 32 | |
9903 |
235,550 | 225,749 | 124,250 | |
67/77 |
54,799 | 67,993 | 35,183 | |
9904 |
180,751 | 157,756 | 89,067 | |
9905 |
180,751 | 157,756 | 89,067 | |
| Appropriation of the result | ||||
9906 |
180,751 | 157,756 | 89,067 | |
691/2 |
0 | 157,756 | 89,067 | |
6921 |
0 | 157,756 | 89,067 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 208,164 | 203,465 | - | ||
| 181,810 | 158,374 | - | ||
| 0 | 5,294 | - | ||
| -4,885 | -142,920 | - | ||
| 426,957 | 245,147 | 92,067 | ||
| 75.7% | 73.2% | 61.7% | ||
| 4.08 | 3.69 | 2.61 | ||
| 0.32 | 0.37 | 0.62 | ||
| 42.0% | 63.1% | 96.7% | ||
| 31.8% | 46.2% | 59.6% | ||
| 99.81 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €5,294 | - |
| €1,059 | €618 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 2% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 26.8% to 24.3%. Equity and debt are higher.
MaCa has no parent and no holdings in its annual accounts.
| GESTI-TYRE via HUART Capucine Ariane Eric, no longer at GESTI-TYRE · Director founded in 2011 · negative equity (2025) |
1 FTE (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue d'Alaumont 18 registered office 1380 Lasne | 04-07-2023 | 2.347.340.909 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25024B0230/00M000 | 2,444 m² | 1 · 74 m² | 8.8 m · 2 |
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