MACA-EAU
ActiveSummary
MACA-EAU has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €13k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 28% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+2
Solvency58▼-12
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.49 in 2024; short-term debt: 64.6% and cash: 3.8% of total assets), and 66.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.5%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
68 d late
2022
64 d late
2021
57 d late
2020
61 d late
2019
81 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▼ 31.1%
2024 · €97k
2018: €85k
2019: €99k
2020: €117k
2021: €118k
2022: €142k
2023: €144k
2024: €97k
2018 → 2025
Total assets
€200k▼ 6.8%
2024 · €215k
2018: €351k
2019: €318k
2020: €292k
2021: €266k
2022: €252k
2023: €232k
2024: €215k
2018 → 2025
Net result
€13k▲ 27.8%
2024 · €10k
2018: €5k
2019: €14k
2020: €18k
2021: €2k
2022: €23k
2023: €3k
2024: €10k
2018 → 2025
Working capital
€-61k▼ 9.2%
2024 · €-56k
2018: €-180k
2019: €-169k
2020: €-139k
2021: €-106k
2022: €-66k
2023: €-46k
2024: €-56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€118k-€142k▲ 19.7%€144k▲ 1.9%€97k▼ 32.7%€67k▼ 31.1%
Operating result€7k-€33k▲ 354%€10k▼ 70.7%€15k▲ 56.0%€22k▲ 47.3%
Net result€2k-€23k▲ 1,110%€3k▼ 88.6%€10k▲ 277%€13k▲ 27.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€132k ▼ 17.5%
Current assets
€68k ▲ 25.0%
Equity and liabilities €200k
Equity
€67k ▼ 31.1%
Debt
€133k ▲ 13.5%
Debt's share of the balance-sheet total rises from 54.7% to 66.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €47k
Cash flow
€44k▲
2024 · €42k
Current ratio
0.52▲
2024 · 0.49
Debt to equity
1.99▲
2024 · 1.21
ROE
19.0%▲
2024 · 10.3%
ROA
6.4%▲
2024 · 4.7%
Interest coverage
16.81▼
2024 · 19.36
Debt ≤ 1 year
€129k▲
2024 · €111k
Debt > 1 year
€3k▼
2024 · €7k
Income taxes
€6k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€215k€200k▼
Fixed assets21/28€160k€132k▼
Tangible fixed assets22/27€160k€132k▼
Land and buildings22€95k€76k▼
Plant, machinery and equipment23€65k€56k▼
Furniture and vehicles24€387-
Financial fixed assets28€40€40=
Current assets29/58€54k€68k▲
Amounts receivable within one year40/41€19k€16k▼
Trade receivables40€17k€13k▼
Other amounts receivable41€2k€3k▲
Current investments50/53€28k€40k▲
Cash at bank and in hand54/58€5k€8k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€215k€200k▼
Equity10/15€97k€67k▼
Contributions10/11€6k€6k=
Reserves13€55k€25k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€53k€23k▼
Profit (loss) carried forward14€36k€36k=
Amounts payable17/49€117k€133k▲
Amounts payable after more than one year17€7k€3k▼
Financial debts170/4€7k€3k▼
Amounts payable within one year42/48€111k€129k▲
Current portion of amounts payable after more than one year42€5k€3k▼
Financial debts43€3k€3k▲
Credit institutions430/8€3k€3k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€96k€114k▲
Accrued charges and deferred income492/3-€392
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€31k▼
Other operating charges640/8€6k€5k▼
Gross operating margin9900€53k€59k▲
Operating profit (loss)9901€15k€22k▲
Financial income75/76B€2k€209▼
Recurring financial income75€2k€209▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€14k€19k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€10k€13k▲
Profit (loss) for the period to be appropriated9905€10k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€49k▲
Profit (loss) brought forward from the previous period14P€36k€36k=
Transfer from equity791/2€57k€43k▼
Transfer to equity691/2€10k€13k▲
To other reserves6921€10k€13k▲
Profit to be distributed694/7€57k€43k▼
Return on contributions (dividend)694€57k€43k▼
The notes to these accounts (7 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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-12
Financial
Highest result since 2018net €23k ▲1,110%
Operating result €33k, net result €23k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Weakest financial yearnet €2k ▼89.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Equity above €100kEq €117k ▲18%
3 profitable years in a row build equity to €117k.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wavre · 1 establishment unit since 2006
Ground area
3,461 m²
Building footprint
297 m²
Volume, LiDAR
1,151 m³
2 parcels, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maca-Eau
since 20062.156.835.976
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006E0172/00B000 | Wallonia | 2,640 m² | 1 · 123 m² | - |
| 25772G0018/00W002 | Wallonia | 821 m² | 1 · 174 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Be-Cure
BE 0741.940.825
Gent · Eq €66,999
KinIZist
BE 1003.648.508
Izegem · Eq €66,937
JORDI DEROYE
BE 0804.470.488
Tienen · Eq €67,060
Praktijk Bram Vandendriessche
BE 0837.082.680
Hove · Eq €66,892
KINE LARS DE WINNE
BE 0801.423.896
Zottegem · Eq €67,150
Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,938 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2000
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:macaeau@gmail.com