MACANTO
Dissolved and wound up on 31-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-03-2026 at the NBB all 3 filings
Equity
€146,560▲ 36.4%
2024 · €107,451
Total assets
€210,254▲ 31.7%
2024 · €159,654
Net result
€39,109
2024 · -€42,326
Working capital
€146,560▲ 39.2%
2024 · €105,310
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€8,147
▲ 80.9%
2025
20232025
Net result
€39,109
2025
20232025
Equity
€146,560
▲ 36.4%
2025
20232025
Total assets
€210,254
▲ 31.7%
2025
20232025
Debt
€63,694
▲ 22.0%
2025
20232025
Working capital
€146,560
▲ 39.2%
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€2,214--€42,725-€8,147▲ 80.9%
Net result€4,143--€42,326€39,109
Equity€149,777-€107,451▼ 28.3%€146,560▲ 36.4%
Total assets€185,717-€159,654▼ 14.0%€210,254▲ 31.7%
Debt€35,941-€52,202▲ 45.2%€63,694▲ 22.0%
Working capital€146,571-€105,310▼ 28.2%€146,560▲ 39.2%
The operating result for 2025 is a loss of €8,147, smaller than the loss of €42,725 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €210,254
Equity
€146,560 ▲ 36.4%
Debt
€63,694 ▲ 22.0%
Debt's share of the balance-sheet total falls from 32.7% to 30.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€8,147▲
2024 · -€41,720
Cash flow
€39,109▲
2024 · -€41,320
Current ratio
3.30▲
2024 · 3.02
Debt to equity
0.43▼
2024 · 0.49
ROE
26.7%▲
2024 · -39.4%
ROA
18.6%▲
2024 · -26.5%
Interest coverage
-23.51▲
2024 · -331.24
Debt ≤ 1 year
€63,694▲
2024 · €52,142
Income taxes
€75▲
2024 · €53
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Financial fixed assets | - | €1 | €0 |
| Depreciation and write-downs of the year | €1,327 | €1,006 | €0 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €9,615 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,327 | €1,006 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,195 | €531 | €581 | ▲ 9.5% |
| Non-recurring operating charges66A | - | - | €1,026 | - |
| Gross operating margin9900 | €4,735 | -€41,189 | -€6,541 | ▲ 84.1% |
| Operating profit (loss)9901 | €2,214 | -€42,725 | -€8,147 | ▲ 80.9% |
| Financial income75/76B | €301 | €579 | €47,677 | ▲ 82× |
| Recurring financial income75 | €301 | €579 | €47,677 | ▲ 82× |
| Financial charges65/66B | -€2,479 | €126 | €347 | ▲ 175% |
| Recurring financial charges65 | -€2,479 | €126 | €347 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €4,993 | -€42,273 | €39,183 | - |
| Income taxes67/77 | €851 | €53 | €75 | ▲ 41.1% |
| Profit (loss) for the period9904 | €4,143 | -€42,326 | €39,109 | - |
| Profit (loss) for the period to be appropriated9905 | €4,143 | -€42,326 | €39,109 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €185,717 | €159,654 | €210,254 | ▲ 31.7% |
| Fixed assets21/28 | €3,206 | €2,201 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,181 | €2,176 | €0 | ▼ 100% |
| Land and buildings22 | €1,404 | €1,053 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1,272 | €1,123 | €0 | ▼ 100% |
| Furniture and vehicles24 | €505 | €0 | - | - |
| Financial fixed assets28 | €25 | €26 | €0 | ▼ 100% |
| Current assets29/58 | €182,511 | €157,452 | €210,254 | ▲ 33.5% |
| Amounts receivable within one year40/41 | €16,053 | €8,692 | €23,037 | ▲ 165% |
| Trade receivables40 | €8,376 | €901 | €22,647 | ▲ 25× |
| Other amounts receivable41 | €7,677 | €7,791 | €390 | ▼ 95.0% |
| Current investments50/53 | €7,500 | €2,500 | €2,565 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €158,664 | €145,960 | €184,652 | ▲ 26.5% |
| Deferred charges and accrued income490/1 | €295 | €300 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €185,717 | €159,654 | €210,254 | ▲ 31.7% |
| Equity10/15 | €149,777 | €107,451 | €146,560 | ▲ 36.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €49,777 | €49,777 | €49,777 | = |
| Distributable reserves133 | €49,777 | €49,777 | €49,777 | = |
| Profit (loss) carried forward14 | - | -€42,326 | -€3,217 | ▲ 92.4% |
| Amounts payable17/49 | €35,941 | €52,202 | €63,694 | ▲ 22.0% |
| Amounts payable within one year42/48 | €35,941 | €52,142 | €63,694 | ▲ 22.2% |
| Financial debts43 | €0 | - | €15 | - |
| Credit institutions430/8 | €0 | - | €15 | - |
| Trade debts44 | €2,825 | €2,341 | €12,393 | ▲ 429% |
| Suppliers440/4 | €2,825 | €2,341 | €12,393 | ▲ 429% |
| Taxes, remuneration and social security45 | €9,495 | €185 | €214 | ▲ 15.7% |
| Taxes450/3 | €5,628 | €185 | €214 | ▲ 15.7% |
| Remuneration and social security454/9 | €3,867 | €0 | - | - |
| Other amounts payable47/48 | €23,621 | €49,616 | €51,071 | ▲ 2.9% |
| Accrued charges and deferred income492/3 | €0 | €60 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,143 | -€42,326 | €39,109 | - |
| + Depreciation and write-downs630 | €1,327 | €1,006 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €5,469 | -€41,320 | €39,109 | - |
| Investment in fixed assets (approximation) | - | -€1 | €2,201 | - |
| Change in cash | - | -€12,703 | €38,692 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.