Macali International
ActiveMacali International has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €-58k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-37
Solvency99▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.94 in 2024), and 39.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
92 d late
2023
54 d late
2022
60 d late
2021
114 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€367k▼ 13.6%
2024 · €425k
2018: €257k
2019: €262k
2020: €339k
2021: €391k
2022: €397k
2023: €394k
2024: €425k
2018 → 2025
Total assets
€607k▼ 4.0%
2024 · €632k
2018: €588k
2019: €602k
2020: €715k
2021: €642k
2022: €681k
2023: €692k
2024: €632k
2018 → 2025
Net result
€-58k
2024 · €31k
2018: €56k
2019: €6k
2020: €97k
2021: €52k
2022: €6k
2023: €-3k
2024: €31k
2018 → 2025
Working capital
€348k▼ 13.5%
2024 · €402k
2018: €253k
2019: €257k
2020: €335k
2021: €383k
2022: €390k
2023: €389k
2024: €402k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€391k-€397k▲ 1.6%€394k▼ 0.8%€425k▲ 8.0%€367k▼ 13.6%
Operating result€80k-€38k▼ 52.7%€-5k€30k€-65k
Net result€52k-€6k▼ 87.8%€-3k€31k€-58k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €65k after €30k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €607k
Fixed assets
€19k▼ 16.6%
Current assets
€588k▼ 3.5%
Equity and liabilities €607k
Equity
€367k▼ 13.6%
Debt
€240k▲ 15.9%
The debt ratio rises from 32.8% to 39.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-62k▼
2024 · €35k
Cash flow
€-54k▼
2024 · €36k
Solvency
60.5%▼
2024 · 67.2%
Current ratio
2.45▼
2024 · 2.94
Quick ratio
2.45▼
2024 · 2.94
Debt / equity
0.65▲
2024 · 0.49
ROE
-15.8%▼
2024 · 7.4%
ROA
-9.6%▼
2024 · 5.0%
Interest coverage
-15.92▼
2024 · 35.63
Debt
€240k▲
2024 · €207k
Debt ≤ 1 year
€240k▲
2024 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€632k€607k▼
Fixed assets21/28€23k€19k▼
Tangible fixed assets22/27€23k€19k▼
Plant, machinery and equipment23€21k€18k▼
Furniture and vehicles24€2k€627▼
Financial fixed assets28€210-
Current assets29/58€609k€588k▼
Amounts receivable after more than one year29€524k€561k▲
Other amounts receivable291€524k€561k▲
Amounts receivable within one year40/41€85k€20k▼
Trade receivables40€85k€20k▼
Cash at bank and in hand54/58€66€6k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€632k€607k▼
Equity10/15€425k€367k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€403k€345k▼
Amounts payable17/49€207k€240k▲
Amounts payable within one year42/48€207k€240k▲
Trade debts44€55k€49k▼
Suppliers440/4€55k€49k▼
Taxes, remuneration and social security45€56k€83k▲
Taxes450/3€56k€83k▲
Other amounts payable47/48€95k€108k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€13k€26k▲
Other operating charges640/8€2k€820▼
Non-recurring operating charges66A-€210
Gross operating margin9900€50k€-35k▼
Operating profit (loss)9901€30k€-65k▼
Financial income75/76B€12k€11k▼
Recurring financial income75€12k€11k▼
Financial charges65/66B€978€4k▲
Recurring financial charges65€978€4k▲
Profit (loss) for the period before taxes9903€41k€-58k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€31k€-58k▼
Profit (loss) for the period to be appropriated9905€31k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€403k€345k▼
Profit (loss) brought forward from the previous period14P€372k€403k▲
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-58k ▼284%
Net result drops to €-58k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €97k ▲1610%
Operating result €116k, net result €97k, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 69 days late
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 155 days late
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zandhoven · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vaartstraat 132240 ZandhovenGround area
553 m²
Building footprint
553 m²
Volume, LiDAR
3,707 m³
Parcel 11027A0193/00H000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vaartstraat 13, 2240 Zandhoven
since 19982.089.215.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11027A0193/00H000 | Flanders | 553 m² | 1 · 553 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
MENSANA
BE 0844.051.735
Rumst · Eq €367k
IMPACT MANAGEMENT
BE 0821.936.626
Namur · Eq €367k
IGETIS MANAGEMENT
BE 0794.740.695
Frasnes-lez-Anvaing · Eq €367k
HERGOFIN
BE 0879.603.918
Kortrijk · Eq €367k
BENOVE CONSULTING
BE 0836.464.058
Gent · Eq €367k
Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 36,782 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-10-1998
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
46190Agents in non-specialised wholesale trade
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
65231
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
78100Employment placement agencies
88919Social work activities without accommodation
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.