Maca development
ActiveMaca development has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €-10k. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-67
Solvency90▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 4.03 in 2024; short-term debt: 20.3% and cash: 45% of total assets), and 34.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.2%
Return on assets
-23.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-11-2025, 153 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
153 d early
2024
175 d early
2023
169 d early
2022
90 d early
2021
166 d early
2020
165 d early
2019
167 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€27k▼ 26.6%
2024 · €36k
2018: €86k
2019: €61k
2020: €68k
2021: €57k
2022: €38k
2023: €30k
2024: €36k
2018 → 2025
Total assets
€41k▼ 24.5%
2024 · €54k
2018: €87k
2019: €63k
2020: €94k
2021: €75k
2022: €48k
2023: €34k
2024: €54k
2018 → 2025
Net result
€-10k
2024 · €6k
2018: €-22k
2019: €-25k
2020: €7k
2021: €-10k
2022: €-19k
2023: €-8k
2024: €6k
2018 → 2025
Working capital
€13k▼ 39.9%
2024 · €22k
2018: €62k
2019: €48k
2020: €51k
2021: €42k
2022: €25k
2023: €20k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€38k▼ 33.7%€30k▼ 21.4%€36k▲ 21.3%€27k▼ 26.6%
Operating result€-10k-€-19k▼ 94.9%€-8k▲ 58.4%€5k€-9k
Net result€-10k-€-19k▼ 87.0%€-8k▲ 57.9%€6k€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€19k▼ 21.5%
Current assets
€22k▼ 27.0%
Equity and liabilities €41k
Equity
€27k▼ 26.6%
Debt
€14k▼ 20.5%
The debt ratio rises from 33.1% to 34.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▼
2024 · €12k
Cash flow
€-4k▼
2024 · €13k
Solvency
65.2%▼
2024 · 66.9%
Current ratio
2.63▼
2024 · 4.03
Quick ratio
2.63▼
2024 · 4.03
Debt / equity
0.53▲
2024 · 0.49
ROE
-36.2%▼
2024 · 17.6%
ROA
-23.6%▼
2024 · 11.8%
Interest coverage
-3.59▲
2024 · -5.95
Debt
€14k▼
2024 · €18k
Debt ≤ 1 year
€8k▲
2024 · €7k
Debt > 1 year
€6k▼
2024 · €11k
Income taxes
€218▼
2024 · €319
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€54k€41k▼
Fixed assets21/28€24k€19k▼
Tangible fixed assets22/27€24k€19k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€24k€19k▼
Financial fixed assets28€25€25=
Current assets29/58€30k€22k▼
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€5k€3k▼
Other amounts receivable41-€633
Cash at bank and in hand54/58€25k€18k▼
Equity and liabilities
Total equity and liabilities10/49€54k€41k▼
Equity10/15€36k€27k▼
Contributions10/11€114k€114k=
Outside capital11€114k€114k=
Other1109/19€114k€114k=
Reserves13€31k€31k=
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Tax-exempt reserves132€20k€20k=
Profit (loss) carried forward14€-109k€-119k▼
Amounts payable17/49€18k€14k▼
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4€11k€6k▼
Amounts payable within one year42/48€7k€8k▲
Current portion of amounts payable after more than one year42€4k€5k▲
Trade debts44€272€400▲
Suppliers440/4€272€400▲
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€3k-
Taxes450/3€1k-
Remuneration and social security454/9€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€2k€916▼
Gross operating margin9900€14k€-2k▼
Operating profit (loss)9901€5k€-9k▼
Financial charges65/66B€-2k€778▲
Recurring financial charges65€-2k€778▲
Profit (loss) for the period before taxes9903€7k€-9k▼
Income taxes67/77€319€218▼
Profit (loss) for the period9904€6k€-10k▼
Profit (loss) for the period to be appropriated9905€6k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-109k€-119k▼
Profit (loss) brought forward from the previous period14P€-115k€-109k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
2023
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-09
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
30-09
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Beauvechain · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Valise, Nodebais 1D1320 BeauvechainGround area
2,227 m²
Building footprint
103 m²
Parcel 25073A0061/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Maca Development
since 20072.165.787.096
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25073A0061/00A000 | Wallonia | 2,227 m² | 1 · 103 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 940 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2007
Fiscal year end30-09
Abbreviation FR
MD
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:p.alexis@macaexpress.be
Phone:0477/45.26.43