MACAN PROPERTIES
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 20-05-2025, 109 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 filingsDeviation from the deadline
2024
109 d late
2023
28 d early
2022
34 d early
2021
16 d early
2020
61 d early
2019
91 d late
2018
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€367,617
EBIT margin
-375.6%
Net result
-€1.4m▼ 580%
2023 · -€205,488
Working capital
-€818,339▲ 6.8%
2023 · -€877,985
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€367,617
Operating result€204,755▼ 42.7%€188,027▼ 8.2%€143,035▼ 23.9%-€167,747-€1.4m▼ 723%
Net result-€1.1m-€284,842▲ 74.7%-€79,771▲ 72.0%-€205,488▼ 158%-€1.4m▼ 580%
EBIT margin-375.6%
Equity€10.6m▼ 9.6%€10.3m▼ 2.7%€3.8m▼ 63.0%€3.6m▼ 5.4%€2.2m▼ 38.8%
Total assets€27.0m▲ 37.3%€22.1m▼ 18.0%€8.7m▼ 60.7%€8.3m▼ 4.5%€6.7m▼ 18.6%
Debt€15.2m▲ 127%€10.6m▼ 30.0%€3.7m▼ 64.9%€3.6m▼ 4.3%€3.4m▼ 3.8%
Working capital€835,435€2.0m▲ 138%-€569,295-€877,985▼ 54.2%-€818,339▲ 6.8%
Why a figure moved sharply
- 2024 Net result -580% on 2023. This fiscal year ran 6 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.4m in 2024 against €167,747 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.7m
Fixed assets
€6.4m ▼ 18.8%
Current assets
€339,854 ▼ 16.2%
Equity and liabilities €6.7m
Equity
€2.2m ▼ 38.8%
Provisions
€1.1m ▼ 1.2%
Debt
€3.4m ▼ 3.8%
Debt's share of the balance-sheet total rises from 43.0% to 50.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1.3m▼
2023 · €22,212
Cash flow
-€1.3m▼
2023 · -€15,530
Current ratio
0.29▼
2023 · 0.32
Debt to equity
1.56▲
2023 · 0.99
ROE
-63.4%▼
2023 · -5.7%
ROA
-20.7%▼
2023 · -2.5%
Interest coverage
-43.26▼
2023 · 0.29
Debt ≤ 1 year
€1.2m▼
2023 · €1.3m
Debt > 1 year
€2.3m=
2023 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €367,617 | - |
| Non-recurring operating income76A | - | €1,988 | €25,000 | €5,297 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €103,577 | - |
| Remuneration, social security and pensions62 | - | - | €79 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125,516 | €127,703 | €205,914 | €189,959 | €102,180 | ▼ 46.2% |
| Other operating charges640/8 | - | €84,074 | €87,955 | €127,836 | €51,678 | ▼ 59.6% |
| Operating charges capitalised as restructuring costs649 | - | - | -€582 | -€676 | - | - |
| Non-recurring operating charges66A | - | €7,384 | - | - | €1.6m | - |
| Gross operating margin9900 | €411,211 | €407,188 | €436,400 | €149,372 | €323,041 | ▲ 116% |
| Operating profit (loss)9901 | €204,755 | €188,027 | €143,035 | -€167,747 | -€1.4m | ▼ 723% |
| Financial income75/76B | - | €1.3m | €92,054 | €11,260 | €144 | ▼ 98.7% |
| Recurring financial income75 | €11,155 | €98,328 | €92,054 | €11,260 | €59 | ▼ 99.5% |
| Non-recurring financial income76B | - | €1.2m | - | - | €85 | - |
| Financial charges65/66B | - | €1.8m | €338,638 | €75,981 | €29,560 | ▼ 61.1% |
| Recurring financial charges65 | €213,202 | €598,176 | €338,638 | €75,981 | €29,560 | ▼ 61.1% |
| Non-recurring financial charges66B | - | €1.2m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1.2m | -€311,822 | -€103,549 | -€232,468 | -€1.4m | ▼ 507% |
| Transfer from deferred taxes780 | - | €26,979 | €26,979 | €26,979 | €13,490 | ▼ 50.0% |
| Income taxes67/77 | - | - | €3,201 | - | - | - |
| Profit (loss) for the period9904 | -€1.1m | -€284,842 | -€79,771 | -€205,488 | -€1.4m | ▼ 580% |
| Transfer from tax-exempt reserves789 | - | €80,938 | €80,938 | €80,938 | €40,469 | ▼ 50.0% |
| Transfer to tax-exempt reserves689 | - | - | €2.2m | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€1.0m | -€203,904 | -€2.2m | -€124,550 | -€1.4m | ▼ 989% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27.0m | €22.1m | €8.7m | €8.3m | €6.7m | ▼ 18.6% |
| Fixed assets21/28 | €17.5m | €16.0m | €8.4m | €7.9m | €6.4m | ▼ 18.8% |
| Tangible fixed assets22/27 | €6.8m | €6.7m | €7.9m | €7.9m | €6.4m | ▼ 18.8% |
| Land and buildings22 | - | €6.7m | €7.9m | €7.9m | €6.4m | ▼ 18.8% |
| Assets under construction and advance payments27 | - | - | €10,000 | - | - | - |
| Financial fixed assets28 | €10.7m | €9.3m | €443,424 | - | - | - |
| Current assets29/58 | €9.5m | €6.1m | €298,752 | €405,430 | €339,854 | ▼ 16.2% |
| Amounts receivable within one year40/41 | €7.5m | €3.0m | €236,996 | €351,747 | €137,104 | ▼ 61.0% |
| Trade receivables40 | - | €1,741 | €148,614 | €250,393 | €107,441 | ▼ 57.1% |
| Other amounts receivable41 | - | €3.0m | €88,382 | €101,354 | €29,663 | ▼ 70.7% |
| Current investments50/53 | - | €1.9m | - | - | - | - |
| Cash at bank and in hand54/58 | €2.0m | €1.1m | €60,025 | €50,545 | €185,443 | ▲ 267% |
| Deferred charges and accrued income490/1 | - | €32,328 | €1,730 | €3,139 | €17,308 | ▲ 451% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27.0m | €22.1m | €8.7m | €8.3m | €6.7m | ▼ 18.6% |
| Equity10/15 | €10.6m | €10.3m | €3.8m | €3.6m | €2.2m | ▼ 38.8% |
| Contributions10/11 | €5.6m | €5.6m | €2.1m | €2.1m | €2.1m | = |
| Capital10 | - | €5.6m | €2.1m | €2.1m | €2.1m | = |
| Issued capital100 | - | €5.6m | €2.1m | €2.1m | €2.1m | = |
| Reserves13 | €4.2m | €4.1m | €3.7m | €3.6m | €3.6m | ▼ 1.1% |
| Non-distributable reserves130/1 | - | €12,500 | €4,745 | €4,745 | €4,745 | = |
| Legal reserve130 | - | €12,500 | - | €4,745 | €4,745 | = |
| Reserves not available under the articles1311 | - | - | €4,745 | - | - | - |
| Tax-exempt reserves132 | - | €3.6m | €3.5m | €3.4m | €3.4m | ▼ 1.2% |
| Distributable reserves133 | - | €508,137 | €192,899 | €192,899 | €192,899 | = |
| Profit (loss) carried forward14 | €853,649 | €649,746 | -€2.0m | -€2.1m | -€3.5m | ▼ 64.3% |
| Provisions and deferred taxes16 | €1.2m | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 1.2% |
| Deferred taxes168 | - | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 1.2% |
| Amounts payable17/49 | €15.2m | €10.6m | €3.7m | €3.6m | €3.4m | ▼ 3.8% |
| Amounts payable after more than one year17 | €6.2m | €6.4m | €2.8m | €2.3m | €2.3m | = |
| Financial debts170/4 | - | €6.4m | €2.8m | €2.3m | €2.3m | = |
| Other amounts payable178/9 | - | €3,049 | €4,549 | €7,699 | €7,699 | = |
| Amounts payable within one year42/48 | €8.7m | €4.1m | €868,047 | €1.3m | €1.2m | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | - | €60,100 | €56,336 | €57,558 | €26,303 | ▼ 54.3% |
| Financial debts43 | - | €4.0m | €514,099 | €522,418 | €272,221 | ▼ 47.9% |
| Credit institutions430/8 | - | €4.0m | €514,099 | €522,418 | €272,221 | ▼ 47.9% |
| Trade debts44 | €90,705 | €53,467 | €285,487 | €513,541 | €177,257 | ▼ 65.5% |
| Suppliers440/4 | - | €53,467 | €285,487 | €513,541 | €177,257 | ▼ 65.5% |
| Taxes, remuneration and social security45 | - | - | €11,597 | €55,010 | €125,011 | ▲ 127% |
| Taxes450/3 | - | - | €11,597 | €55,010 | €125,011 | ▲ 127% |
| Other amounts payable47/48 | - | €489 | €528 | €134,890 | €557,401 | ▲ 313% |
| Accrued charges and deferred income492/3 | - | €134,978 | €9,856 | €14,661 | €4,050 | ▼ 72.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.1m | -€284,842 | -€79,771 | -€205,488 | -€1.4m | ▼ 580% |
| + Depreciation and write-downs630 | €125,516 | €127,703 | €205,914 | €189,959 | €102,180 | ▼ 46.2% |
| Operating cash flow (approximation) | -€1.0m | -€157,139 | €126,144 | -€15,530 | -€1.3m | ▼ 8,236% |
| Investment in fixed assets (approximation) | - | €1.3m | €7.4m | €311,016 | €1.4m | ▲ 343% |
| Change in cash | - | -€878,119 | -€1.1m | -€9,480 | €134,898 | ▲ 1,523% |
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
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 109 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Weakest financial yearnet -€1.4m
Net result drops to -€1.4m, the lowest in the series.
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 7current ratio 1.10
Current ratio from 0.17 to 1.10.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
31-12
Financial
Back to profitnet €299,882
Net result €299,882 after one loss-making year.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 206 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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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Structure & network
Owners and holdings
1 owner · 2 holdings · 7 subsidiaries in the treeOwners 1
- Sourceown accounts 202149.5%
Stated earlier (2)
An older source named these owners; newer accounts no longer list them.
- Sourceown accounts 202150.3%
-
0.2%
Holdings 2
-
99.96%
-
1%
All subsidiaries, including indirect ones 7
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
MACAN DEVELOPMENT 99.96%6 subsidiaries
- Immobiliére des vignes 100%
- MD1 CENTER HOUSE 100%
- PARMENTIER DEVELOPMENT 100%
- SAULES INVEST 100%
- SILICONE MARCHE 100%
- IMMO BERVOETS 99%
According to the 2021 annual accounts of MACAN PROPERTIES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
5493006IX60Z1XWN5111