Financials
- Fiscal year
- 2025
- Total assets
- €1.9m
- Profit
- €25,799
- Solvency
- 45.0%
Total assets▼ 3.1%
Net result
20182025
MACagency
ActiveSummary
MACagency has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €845,428 and a net result of €25,799. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 62% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€1.9mtotal assets 2025
- Equity
- €845,428
- Profit
- €25,799
Turnover not published (abridged schema)
Structure
Accounts 56 d early0 of 5 deeds read
Why 85- 1 change of registered office in 24 months- Liquidity: current ratio 0.08, cash €11,534, halved+ Size: total assets €1.9m+ Figures for FY 2025 (filed 05-06-2026)Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Better than 52% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
70+3
equity 45.0% of total assets
Liquidity
51-2
short-term debt 9.1% · cash 0.6%
Profitability
44+37
return on assets 1.4%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 19 months
04-2025: 2.1%
05-2025: 2.2%▲ +6.0% vs 04-2025
06-2025: 2.3%▲ +4.7% vs 05-2025
07-2025: 2.4%▲ +1.6% vs 06-2025
08-2025: 3.3%▲ +40.1% vs 07-2025
09-2025: 4.1%▲ +22.4% vs 08-2025highest value
10-2025: 2.9%▼ -28.3% vs 09-2025
11-2025: 2.9%● 0.0% vs 10-2025
12-2025: 2.9%● 0.0% vs 11-2025
01-2026: 0.8%▼ -73.5% vs 12-2025
02-2026: 0.8%● 0.0% vs 01-2026
03-2026: 0.8%● 0.0% vs 02-2026
04-2026: 0.8%▲ +1.9% vs 03-2026
05-2026: 0.8%▼ -2.1% vs 04-2026
06-2026: 0.8%▲ +6.2% vs 05-2026
07-2026: 0.3%▼ -57.8% vs 06-2026
08-2026: 0.3%● 0.0% vs 07-2026
09-2026: 0.3%▼ -2.3% vs 08-2026lowest value
10-2026: 0.3%● 0.0% vs 09-2026lowest value
- 1 change of registered office in 24 months raises the probability
- Size: total assets €1.9m lowers the probability for this profile
- Liquidity: current ratio 0.08, cash €11,534, halved raises the probability
- Figures for FY 2025 (filed 05-06-2026) lowers the probability
Credit up to €70,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.37 in 2024; short-term debt: 9.1% and cash: 0.6% of total assets), and 55% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 61%, liquidity 55%, profitability 39%, growth against the median 55%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
56 d early
2024
29 d late
2023
25 d early
2022
31 d late
2021
30 d late
2020
86 d late
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €25,799
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2019
- Next accounts
- by 31-07-2027
- 05-06-2026Annual accounts filed
- 31-12-2025Back to profit
- 29-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Renting and operating of own or leased non-residential…NACE 68203
- Founded
- 31-03-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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