MACA INVEST
ActiveSummary
MACA INVEST has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.72M and a net result of €208k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-19
Solvency61▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.7 in 2024; short-term debt: 8.8% and cash: 1.5% of total assets), but 63.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
36.3%
Return on assets
2.8%
Age of the figures
12 mo
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
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 12-12-2025, 139 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
139 d early
2024
135 d early
2023
42 d early
2022
60 d early
2021
101 d early
2020
158 d early
2019
108 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€208k▲ 209%
2024 · €67k
2018: €50k
2019: €772k▲ +1430% vs 2018highest in 8 years
2020: €1k▼ -99.8% vs 2019lowest in 8 years
2021: €145k▲ +12442% vs 2020
2022: €459k▲ +216% vs 2021
2023: €104k▼ -77.3% vs 2022
2024: €67k▼ -35.3% vs 2023
2025: €208k▲ +209% vs 2024
2018 → 2025
Working capital
€934k▼ 15.3%
2024 · €1.10M
2018: €-492klowest in 8 years
2019: €-313k▲ +36.2% vs 2018
2020: €-331k▼ -5.5% vs 2019
2021: €-263k▲ +20.4% vs 2020
2022: €1.43M▲ +644% vs 2021highest in 8 years
2023: €1.23M▼ -14.1% vs 2022
2024: €1.10M▼ -10.3% vs 2023
2025: €934k▼ -15.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.88M-€2.33M▲ 24.5%€2.44M▲ 4.5%€2.51M▲ 2.8%€2.72M▲ 8.3%
2021: €1.88Mlowest in 5 years
2022: €2.33M▲ +24.5% vs 2021
2023: €2.44M▲ +4.5% vs 2022
2024: €2.51M▲ +2.8% vs 2023
2025: €2.72M▲ +8.3% vs 2024highest in 5 years
Operating result€243k-€601k▲ 147%€48k▼ 92.0%€127k▲ 165%€286k▲ 124%
2021: €243k
2022: €601k▲ +147% vs 2021highest in 5 years
2023: €48k▼ -92.0% vs 2022lowest in 5 years
2024: €127k▲ +165% vs 2023
2025: €286k▲ +124% vs 2024
Net result€145k-€459k▲ 216%€104k▼ 77.3%€67k▼ 35.3%€208k▲ 209%
2021: €145k
2022: €459k▲ +216% vs 2021highest in 5 years
2023: €104k▼ -77.3% vs 2022
2024: €67k▼ -35.3% vs 2023lowest in 5 years
2025: €208k▲ +209% vs 2024
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 124% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.49M
Fixed assets
€5.90M ▲ 0.9%
Current assets
€1.59M ▼ 9.2%
Equity and liabilities €7.49M
Equity
€2.72M ▲ 8.3%
Provisions
€282k ▼ 2.2%
Debt
€4.49M ▼ 6.5%
Debt's share of the balance-sheet total falls from 63.2% to 60.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€465k▲
2024 · €458k
Cash flow
€388k▼
2024 · €398k
Current ratio
2.42▼
2024 · 2.70
Quick ratio
2.02▼
2024 · 2.29
Debt to equity
1.65▼
2024 · 1.91
ROE
7.7%▲
2024 · 2.7%
ROA
2.8%▲
2024 · 0.9%
Interest coverage
3.40▼
2024 · 6.30
Debt ≤ 1 year
€656k▲
2024 · €649k
Debt > 1 year
€3.83M▼
2024 · €4.15M
Income taxes
€47k▼
2024 · €93k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.59M€7.49M▼
Fixed assets21/28€5.84M€5.90M▲
Tangible fixed assets22/27€3.57M€3.63M▲
Land and buildings22€3.50M€3.36M▼
Plant, machinery and equipment23€51k€203k▲
Furniture and vehicles24€21k€65k▲
Financial fixed assets28€2.27M€2.27M=
Current assets29/58€1.75M€1.59M▼
Stocks and contracts in progress3€265k€265k=
Stocks30/36€265k€265k=
Amounts receivable within one year40/41€641k€649k▲
Trade receivables40€35k€43k▲
Other amounts receivable41€606k€606k=
Current investments50/53€567k€567k=
Cash at bank and in hand54/58€279k€109k▼
Equity and liabilities
Total equity and liabilities10/49€7.59M€7.49M▼
Equity10/15€2.51M€2.72M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.33M€1.54M▲
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€728k€712k▼
Distributable reserves133€586k€810k▲
Profit (loss) carried forward14€1.11M€1.11M=
Provisions and deferred taxes16€289k€282k▼
Deferred taxes168€289k€282k▼
Amounts payable17/49€4.80M€4.49M▼
Amounts payable after more than one year17€4.15M€3.83M▼
Financial debts170/4€4.15M€3.83M▼
Amounts payable within one year42/48€649k€656k▲
Current portion of amounts payable after more than one year42€349k€516k▲
Trade debts44€7k€25k▲
Suppliers440/4€7k€25k▲
Taxes, remuneration and social security45€4k€24k▲
Taxes450/3€4k€24k▲
Other amounts payable47/48€288k€91k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€330k€179k▼
Other operating charges640/8€20k€45k▲
Gross operating margin9900€477k€510k▲
Operating profit (loss)9901€127k€286k▲
Financial income75/76B€99k€100k▲
Recurring financial income75€99k€100k▲
Financial charges65/66B€73k€137k▲
Recurring financial charges65€73k€137k▲
Profit (loss) for the period before taxes9903€154k€249k▲
Transfer from deferred taxes780€6k€6k=
Income taxes67/77€93k€47k▼
Profit (loss) for the period9904€67k€208k▲
Transfer from tax-exempt reserves789€16k€16k=
Profit (loss) for the period to be appropriated9905€83k€224k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.20M€1.34M▲
Profit (loss) brought forward from the previous period14P€1.11M€1.11M=
Transfer to equity691/2€83k€224k▲
To other reserves6921€83k€224k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €32k | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119k | €58k | €251k | €330k | €179k | ▼ 45.7% |
| Other operating charges640/8 | - | €22k | €19k | €20k | €45k | ▲ 126% |
| Gross operating margin9900 | €400k | €713k | €320k | €477k | €510k | ▲ 6.8% |
| Operating profit (loss)9901 | €243k | €601k | €48k | €127k | €286k | ▲ 124% |
| Financial income75/76B | - | €205 | €155k | €99k | €100k | ▲ 1.3% |
| Recurring financial income75 | €309 | €205 | €155k | €99k | €100k | ▲ 1.3% |
| Financial charges65/66B | - | €24k | €39k | €73k | €137k | ▲ 88.2% |
| Recurring financial charges65 | €26k | €24k | €39k | €73k | €137k | ▲ 88.2% |
| Profit (loss) for the period before taxes9903 | €217k | €577k | €164k | €154k | €249k | ▲ 62.2% |
| Transfer from deferred taxes780 | - | €4k | €6k | €6k | €6k | = |
| Transfer to deferred taxes680 | - | €29k | - | - | - | - |
| Income taxes67/77 | €79k | €94k | €66k | €93k | €47k | ▼ 49.2% |
| Profit (loss) for the period9904 | €145k | €459k | €104k | €67k | €208k | ▲ 209% |
| Transfer from tax-exempt reserves789 | - | €10k | €15k | €16k | €16k | = |
| Transfer to tax-exempt reserves689 | - | €86k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €158k | €383k | €119k | €83k | €224k | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.83M | €5.36M | €6.53M | €7.59M | €7.49M | ▼ 1.4% |
| Fixed assets21/28 | €3.81M | €3.08M | €4.38M | €5.84M | €5.90M | ▲ 0.9% |
| Tangible fixed assets22/27 | €2.73M | €807k | €2.11M | €3.57M | €3.63M | ▲ 1.5% |
| Land and buildings22 | - | €743k | €2.03M | €3.50M | €3.36M | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €53k | €47k | €51k | €203k | ▲ 300% |
| Furniture and vehicles24 | - | €11k | €35k | €21k | €65k | ▲ 201% |
| Financial fixed assets28 | €1.08M | €2.27M | €2.27M | €2.27M | €2.27M | = |
| Current assets29/58 | €18k | €2.28M | €2.14M | €1.75M | €1.59M | ▼ 9.2% |
| Stocks and contracts in progress3 | - | - | €260k | €265k | €265k | = |
| Stocks30/36 | - | - | €260k | €265k | €265k | = |
| Amounts receivable within one year40/41 | €1k | €71k | €782k | €641k | €649k | ▲ 1.3% |
| Trade receivables40 | - | €71k | €42k | €35k | €43k | ▲ 23.6% |
| Other amounts receivable41 | - | - | €740k | €606k | €606k | = |
| Current investments50/53 | - | €693k | €910k | €567k | €567k | = |
| Cash at bank and in hand54/58 | €16k | €1.52M | €192k | €279k | €109k | ▼ 60.8% |
| Deferred charges and accrued income490/1 | - | €299 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.83M | €5.36M | €6.53M | €7.59M | €7.49M | ▼ 1.4% |
| Equity10/15 | €1.88M | €2.33M | €2.44M | €2.51M | €2.72M | ▲ 8.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €699k | €1.16M | €1.26M | €1.33M | €1.54M | ▲ 15.7% |
| Non-distributable reserves130/1 | - | €16k | €16k | €16k | €16k | = |
| Legal reserve130 | - | €16k | €16k | €16k | €16k | = |
| Tax-exempt reserves132 | - | €759k | €744k | €728k | €712k | ▼ 2.2% |
| Distributable reserves133 | - | €383k | €502k | €586k | €810k | ▲ 38.3% |
| Profit (loss) carried forward14 | €1.11M | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Provisions and deferred taxes16 | €276k | €301k | €295k | €289k | €282k | ▼ 2.2% |
| Deferred taxes168 | - | €301k | €295k | €289k | €282k | ▼ 2.2% |
| Amounts payable17/49 | €1.67M | €2.72M | €3.79M | €4.80M | €4.49M | ▼ 6.5% |
| Amounts payable after more than one year17 | €1.39M | €1.87M | €2.88M | €4.15M | €3.83M | ▼ 7.6% |
| Financial debts170/4 | - | €1.87M | €2.88M | €4.15M | €3.83M | ▼ 7.6% |
| Amounts payable within one year42/48 | €281k | €849k | €914k | €649k | €656k | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | €322k | €321k | €349k | €516k | ▲ 47.9% |
| Trade debts44 | €20k | €14k | €13k | €7k | €25k | ▲ 250% |
| Suppliers440/4 | - | €14k | €13k | €7k | €25k | ▲ 250% |
| Taxes, remuneration and social security45 | - | €16k | €27k | €4k | €24k | ▲ 505% |
| Taxes450/3 | - | €9k | €27k | €4k | €24k | ▲ 505% |
| Remuneration and social security454/9 | - | €6k | - | - | - | - |
| Other amounts payable47/48 | - | €497k | €552k | €288k | €91k | ▼ 68.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145k | €459k | €104k | €67k | €208k | ▲ 209% |
| + Depreciation and write-downs630 | €119k | €58k | €251k | €330k | €179k | ▼ 45.7% |
| Operating cash flow (approximation) | €265k | €517k | €355k | €398k | €388k | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | €674k | €-1.56M | €-1.79M | €-233k | ▲ 87.0% |
| Change in cash | - | €1.50M | €-1.32M | €87k | €-170k | ▼ 295% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity times 42current ratio 2.69
Current ratio from 0.06 to 2.69.
30-09
Financial
Equity above €2MEq €2.33M ▲24.5%
5 profitable years in a row build equity to €2.33M.
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-09
Financial
Weakest financial yearnet €1k ▼99.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €772k ▲1,430%
Operating result €1.17M, net result €772k, both a record.
30-09
Financial
Equity above €1MEq €1.73M ▲80.6%
2 profitable years in a row build equity to €1.73M.
Show earlier events
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
15-11
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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 · 3 establishment units since 2004
Ground area
9,823 m²
Building footprint
1,321 m²
Volume, LiDAR
5,531 m³
3 parcels, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
3 establishment units
MACA INVEST
since 20042.202.230.590
MACA INVEST
since 20152.242.449.166
MACA INVEST
since 20152.242.449.265
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0029/00E002 | Wallonia | 5,968 m² | 1 · 381 m² | - |
| 25112B0048/00R000 | Wallonia | 2,008 m² | 1 · 226 m² | 5.7 m · 1 fl. |
| 25006A0145/00B002 | Wallonia | 1,848 m² | 1 · 714 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400ACM75T6G0RZH53
Similar companies · same sector, comparable size
Via Excellentia
BE 0824.611.549
Oud-Heverlee · Eq €2,715,591
dubore
BE 0882.631.902
Dilbeek · Eq €2,716,429
S.SENDROWICZ
BE 0886.885.945
Sint-Genesius-Rode · Eq €2,716,591
Arabeske
BE 0468.210.288
Kortrijk · Eq €2,717,602
LJC
BE 0893.826.987
Edegem · Eq €2,718,134
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 16,845 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-06-2004
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68203Renting and operating of own or leased non-residential real estate, excluding land
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.