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MACAJO

Active
Private limited company (pre-2019)founded 201115 yrs activeKoolstraat 3, 1000 Brussel, BelgiumKBO/BCE: BE 0836.361.813
Summary

The computed 12-month bankruptcy probability of MACAJO is 5.9% (elevated). The 2024 annual accounts show negative equity (-€11,772) and a net result of -€3,766. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 18968 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Cafés and bars
NACE 56301
1 site
Size
€44,191turnover 2024
Equity
-€11,772
Loss
-€3,766
Financial health
34 Weak Checked score 2024
Bankruptcy chance 12 m
5.9%
Structure
Accounts 65 d overdue0 of 10 deeds read
Why 34- 1 financial year not filed after the legal deadline; latest accounts 116 days late; 3 of the last 3 late- Liquidity: current ratio 0.07+ Size: turnover €44,191, total assets €16,816+ Founded in 2011Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 12% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency 0-11
equity -70.0% of total assets
Liquidity 0=
short-term debt 170.0%
Profitability 10+7
return on assets -22.4%
Bankruptcy probability, 12 months
5.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,529 companies)
Last 24 months 11-2024: 14.2%highest value 12-2024: 9.4%▼ -33.9% vs 11-2024 01-2025: 9.4%● 0.0% vs 12-2024 02-2025: 9.4%● 0.0% vs 01-2025 03-2025: 9.4%● 0.0% vs 02-2025 04-2025: 9.4%● 0.0% vs 03-2025 05-2025: 9.4%● 0.0% vs 04-2025 06-2025: 9.2%▼ -2.0% vs 05-2025 07-2025: 8.9%▼ -3.7% vs 06-2025 08-2025: 8.6%▼ -2.8% vs 07-2025 09-2025: 8.4%▼ -3.2% vs 08-2025 10-2025: 8.2%▼ -1.7% vs 09-2025 11-2025: 8.3%▲ +1.4% vs 10-2025 12-2025: 7.9%▼ -5.4% vs 11-2025 01-2026: 8.0%▲ +1.5% vs 12-2025 02-2026: 8.0%● 0.0% vs 01-2026 03-2026: 8.0%▲ +0.6% vs 02-2026 04-2026: 8.2%▲ +1.5% vs 03-2026 05-2026: 8.1%▼ -1.3% vs 04-2026 06-2026: 7.4%▼ -8.4% vs 05-2026 07-2026: 7.3%▼ -1.7% vs 06-2026 08-2026: 6.9%▼ -4.9% vs 07-2026 09-2026: 6.4%▼ -7.3% vs 08-2026 10-2026: 5.9%▼ -8.2% vs 09-2026lowest value
  • 1 financial year not filed after the legal deadline; latest accounts 116 days late; 3 of the last 3 late raises the probability
  • Liquidity: current ratio 0.07 raises the probability
  • Size: turnover €44,191, total assets €16,816 lowers the probability for this profile
  • Founded in 2011 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.07 against 0.88 in 2023; short-term debt: 170% of total assets), and equity is negative.
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 56, micro). Better than this share of them on solvency 9%, liquidity 1%, profitability 21%, growth against the median 17%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 116 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Liquidity: current ratio 0.07
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €44,191, total assets €16,816
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 2011
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€11,772
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-11-2025, 116 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
116 d late
2023
267 d late
2022
633 d late
2021
3 d late
2020
27 d late
2019
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 184 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€11,772 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2024 -€3,766 View
  • Caution: Among the weakest 13% on solvencysector median 29.1% · 18,968 companies -70.0% View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View

By topic

Financials

Fiscal year
2024
Turnover
€44,191
Loss
-€3,766
Solvency
-70.0%
Turnover▼ 14.1%
Net result
20232024
Go to Financials

Timeline

Events
11
Since
2016
  1. 24-11-2025Annual accounts filed
  2. 24-04-2025Annual accounts filed
  3. 24-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Cafés and barsNACE 56301
Founded
13-05-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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