Summary
MACABI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €885k and a net result of €74k. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 8048 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
12 d late
2023
30 d early
2022
69 d early
2021
2 d late
2020
5 d late
2019
53 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 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
€885k▲ 9.1%
2024 · €811k
2019: €2.73Mhighest in 7 years
2020: €2.04M▼ -25.4% vs 2019
2021: €1.43M▼ -29.7% vs 2020
2022: €1.42M▼ -1.1% vs 2021
2023: €1.29M▼ -9.1% vs 2022
2024: €811k▼ -37.1% vs 2023lowest in 7 years
2025: €885k▲ +9.1% vs 2024
2019 → 2025
Net result
€74k
2024 · €-78k
2019: €-44k
2020: €100k▲ +327% vs 2019highest in 7 years
2021: €56k▼ -44.4% vs 2020
2022: €-16k▼ -129% vs 2021
2023: €-53k▼ -227% vs 2022
2024: €-78k▼ -48.2% vs 2023lowest in 7 years
2025: €74k▲ +195% vs 2024
2019 → 2025
Total assets
€1.22M▲ 0.2%
2024 · €1.22M
2019: €2.75Mhighest in 7 years
2020: €2.51M▼ -9.0% vs 2019
2021: €1.86M▼ -25.7% vs 2020
2022: €1.62M▼ -12.7% vs 2021
2023: €1.63M▲ +0.2% vs 2022
2024: €1.22M▼ -24.9% vs 2023lowest in 7 years
2025: €1.22M▲ +0.2% vs 2024
2019 → 2025
Solvency
72.3%▲ 5.9pp
2024 · 66.3%
2019: 99.3%highest in 7 years
2020: 81.4%▼ -18.0% vs 2019
2021: 77.1%▼ -5.4% vs 2020
2022: 87.4%▲ +13.4% vs 2021
2023: 79.2%▼ -9.3% vs 2022
2024: 66.3%▼ -16.2% vs 2023lowest in 7 years
2025: 72.3%▲ +8.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.43M-€1.42M▼ 1.1%€1.29M▼ 9.1%€811k▼ 37.1%€885k▲ 9.1%
2021: €1.43Mhighest in 5 years
2022: €1.42M▼ -1.1% vs 2021
2023: €1.29M▼ -9.1% vs 2022
2024: €811k▼ -37.1% vs 2023lowest in 5 years
2025: €885k▲ +9.1% vs 2024
Operating result€-49k-€-18k▲ 63.8%€-58k▼ 225%€-44k▲ 23.8%€112k
2021: €-49k
2022: €-18k▲ +63.8% vs 2021
2023: €-58k▼ -225% vs 2022lowest in 5 years
2024: €-44k▲ +23.8% vs 2023
2025: €112k▲ +353% vs 2024highest in 5 years
Net result€56k-€-16k€-53k▼ 227%€-78k▼ 48.2%€74k
2021: €56k
2022: €-16k▼ -129% vs 2021
2023: €-53k▼ -227% vs 2022
2024: €-78k▼ -48.2% vs 2023lowest in 5 years
2025: €74k▲ +195% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €112k after a loss of €44k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€979k ▼ 8.8%
Current assets
€245k ▲ 65.5%
Equity and liabilities €1.22M
Equity
€885k ▲ 9.1%
Debt
€340k ▼ 17.5%
Debt's share of the balance-sheet total falls from 33.7% to 27.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
8.3%▲
2024 · -9.6%
ROA
6.0%▲
2024 · -6.4%
Debt ≤ 1 year
€338k▼
2024 · €411k
Income taxes
€37k▼
2024 · €168k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.22M▲
Fixed assets21/28€1.07M€979k▼
Tangible fixed assets22/27€1.07M€979k▼
Land and buildings22€1.07M€979k▼
Financial fixed assets28€278€278=
Current assets29/58€148k€245k▲
Amounts receivable within one year40/41€63k€16k▼
Trade receivables40€4k€2k▼
Other amounts receivable41€59k€14k▼
Cash at bank and in hand54/58€84k€228k▲
Deferred charges and accrued income490/1€1k€129▼
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.22M▲
Equity10/15€811k€885k▲
Contributions10/11€39k€39k=
Reserves13€509k€582k▲
Distributable reserves133€509k€582k▲
Profit (loss) carried forward14€264k€264k=
Amounts payable17/49€411k€340k▼
Amounts payable within one year42/48€411k€338k▼
Trade debts44€112€5k▲
Suppliers440/4€112€5k▲
Taxes, remuneration and social security45€169k€206k▲
Taxes450/3€169k€206k▲
Other amounts payable47/48€242k€127k▼
Accrued charges and deferred income492/3€801€1k▲
Income statement
Code20242025
Non-recurring operating income76A€167-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€31k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€-8k€148k▲
Operating profit (loss)9901€-44k€112k▲
Financial income75/76B€1k€352▼
Recurring financial income75€1k€352▼
Financial charges65/66B€977€764▼
Recurring financial charges65€977€764▼
Profit (loss) for the period before taxes9903€-44k€111k▲
Transfer from deferred taxes780€134k-
Income taxes67/77€168k€37k▼
Profit (loss) for the period9904€-78k€74k▲
Transfer from tax-exempt reserves789€403k-
Profit (loss) for the period to be appropriated9905€325k€74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€588k€337k▼
Profit (loss) brought forward from the previous period14P€264k€264k=
Transfer from equity791/2€200k-
Transfer to equity691/2€325k€74k▼
To other reserves6921€325k€74k▼
Profit to be distributed694/7€200k-
Return on contributions (dividend)694€200k-
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €167 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €35k | €35k | €33k | €31k | ▼ 5.1% |
| Other operating charges640/8 | €11k | €3k | €5k | €3k | €5k | ▲ 62.5% |
| Gross operating margin9900 | €16k | €20k | €-18k | €-8k | €148k | ▲ 2,011% |
| Operating profit (loss)9901 | €-49k | €-18k | €-58k | €-44k | €112k | ▲ 353% |
| Financial income75/76B | €105k | €2k | €6k | €1k | €352 | ▼ 74.3% |
| Recurring financial income75 | €105k | €2k | €6k | €1k | €352 | ▼ 74.3% |
| Financial charges65/66B | €168 | €109 | €299 | €977 | €764 | ▼ 21.9% |
| Recurring financial charges65 | €168 | €109 | €299 | €977 | €764 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €56k | €-16k | €-53k | €-44k | €111k | ▲ 355% |
| Transfer from deferred taxes780 | - | - | - | €134k | - | - |
| Income taxes67/77 | - | - | - | €168k | €37k | ▼ 77.8% |
| Profit (loss) for the period9904 | €56k | €-16k | €-53k | €-78k | €74k | ▲ 195% |
| Transfer from tax-exempt reserves789 | - | - | - | €403k | - | - |
| Transfer to tax-exempt reserves689 | - | - | €280k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €56k | €-16k | €-333k | €325k | €74k | ▼ 77.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.86M | €1.62M | €1.63M | €1.22M | €1.22M | ▲ 0.2% |
| Fixed assets21/28 | €1.50M | €1.46M | €1.10M | €1.07M | €979k | ▼ 8.8% |
| Tangible fixed assets22/27 | €1.17M | €1.14M | €1.10M | €1.07M | €979k | ▼ 8.9% |
| Land and buildings22 | €1.16M | €1.13M | €1.10M | €1.07M | €979k | ▼ 8.9% |
| Plant, machinery and equipment23 | €7k | €4k | €1k | - | - | - |
| Furniture and vehicles24 | €1k | €653 | €218 | - | - | - |
| Financial fixed assets28 | €325k | €325k | €278 | €278 | €278 | = |
| Current assets29/58 | €365k | €163k | €526k | €148k | €245k | ▲ 65.5% |
| Stocks and contracts in progress3 | €37k | - | - | - | - | - |
| Stocks30/36 | €37k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €170k | €9k | €156k | €63k | €16k | ▼ 73.8% |
| Trade receivables40 | €12k | €5k | €4k | €4k | €2k | ▼ 38.3% |
| Other amounts receivable41 | €159k | €4k | €152k | €59k | €14k | ▼ 76.0% |
| Cash at bank and in hand54/58 | €153k | €152k | €369k | €84k | €228k | ▲ 171% |
| Deferred charges and accrued income490/1 | €5k | €2k | €1k | €1k | €129 | ▼ 88.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.86M | €1.62M | €1.63M | €1.22M | €1.22M | ▲ 0.2% |
| Equity10/15 | €1.43M | €1.42M | €1.29M | €811k | €885k | ▲ 9.1% |
| Contributions10/11 | €38k | €39k | €39k | €39k | €39k | = |
| Reserves13 | €784k | €784k | €987k | €509k | €582k | ▲ 14.5% |
| Non-distributable reserves130/1 | €184k | - | - | - | - | - |
| Reserves not available under the articles1311 | €184k | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | €403k | - | - | - |
| Distributable reserves133 | €600k | €784k | €584k | €509k | €582k | ▲ 14.5% |
| Profit (loss) carried forward14 | €612k | €596k | €264k | €264k | €264k | = |
| Provisions and deferred taxes16 | - | - | €134k | - | - | - |
| Deferred taxes168 | - | - | €134k | - | - | - |
| Amounts payable17/49 | €427k | €205k | €204k | €411k | €340k | ▼ 17.5% |
| Amounts payable within one year42/48 | €427k | €205k | €204k | €411k | €338k | ▼ 17.7% |
| Trade debts44 | €1k | €905 | €819 | €112 | €5k | ▲ 4,382% |
| Suppliers440/4 | €1k | €905 | €819 | €112 | €5k | ▲ 4,382% |
| Taxes, remuneration and social security45 | €224 | €891 | €3k | €169k | €206k | ▲ 22.3% |
| Taxes450/3 | €224 | €891 | €3k | €169k | €206k | ▲ 22.3% |
| Other amounts payable47/48 | €425k | €204k | €200k | €242k | €127k | ▼ 47.5% |
| Accrued charges and deferred income492/3 | - | - | - | €801 | €1k | ▲ 78.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €-16k | €-53k | €-78k | €74k | ▲ 195% |
| + Depreciation and write-downs630 | €55k | €35k | €35k | €33k | €31k | ▼ 5.1% |
| Operating cash flow (approximation) | €110k | €19k | €-18k | €-45k | €105k | ▲ 335% |
| Investment in fixed assets (approximation) | - | €0 | €325k | €-6k | €64k | ▲ 1,209% |
| Change in cash | - | €-1k | €217k | €-285k | €144k | ▲ 151% |
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
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
31-12
Financial
Back to profitnet €74k
Net result €74k after 3 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet €-78k
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.57
Current ratio from 0.79 to 2.57; short-term debt falls from €205k to €204k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-06
Financial
Back to profitnet €100k
Net result €100k after one loss-making year.
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Affligem · 1 establishment unit since 2002
Ground area
2.2 ha
Building footprint
1.2 ha
Volume, LiDAR
117,327 m³
2 parcels, Flanders · tallest building 48.0 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Wijngaardveld 16, 9300 Aalst
since 20022.100.538.067
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0069/00C000 | Flanders | 1.6 ha | 1 · 1.2 ha | 48.0 m · 2 fl. |
| 23021A0330/00H002 | Flanders | 6,559 m² | 1 · 234 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,959 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-12-2001
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.