Summary
MACAO NP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €98,224 and a net result of €62,395. Equity is growing by ~167.8% per year across the filed fiscal years. Its solvency ranks better than 67% of 9872 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
41 d early
2022
35 d early
2021
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€98,224▲ 168%
2023 · €36,662
Net result
€62,395▲ 107%
2023 · €30,191
Total assets
€136,977▲ 81.1%
2023 · €75,633
Solvency
71.7%▲ 23.2pp
2023 · 48.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€4,794-€6,118▲ 27.6%€46,104▲ 654%€89,646▲ 94.4%
Net result€917below the sector's middle half-€2,953below the sector's middle half▲ 222%€30,191within the sector's middle half▲ 922%€62,395within the sector's middle half▲ 107%
Equity€5,117below the sector's middle half-€7,271below the sector's middle half▲ 42.1%€36,662below the sector's middle half▲ 404%€98,224within the sector's middle half▲ 168%
Total assets€48,308below the sector's middle half-€48,483below the sector's middle half▲ 0.4%€75,633below the sector's middle half▲ 56.0%€136,977within the sector's middle half▲ 81.1%
Debt€43,190-€41,212▼ 4.6%€38,971▼ 5.4%€38,753▼ 0.6%
Working capital€829within the sector's middle half-€3,210within the sector's middle half▲ 287%€34,543within the sector's middle half▲ 976%€96,784within the sector's middle half▲ 180%
Solvency10.6%below the sector's middle half-15.0%below the sector's middle half▲ 4.4pp48.5%within the sector's middle half▲ 33.5pp71.7%within the sector's middle half▲ 23.2pp
Current ratio1.02within the sector's middle half-1.08within the sector's middle half▲ 0.061.89within the sector's middle half▲ 0.813.50within the sector's middle half▲ 1.61
Return on assets (ROA)1.9%within the sector's middle half-6.1%within the sector's middle half▲ 4.2pp39.9%above the sector's middle half▲ 33.8pp45.6%above the sector's middle half▲ 5.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 94% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €136,977
Fixed assets
€1,440 ▼ 32.0%
Current assets
€135,537 ▲ 84.4%
Equity and liabilities €136,977
Equity
€98,224 ▲ 168%
Debt
€38,753 ▼ 0.6%
Debt's share of the balance-sheet total falls from 51.5% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
63.5%▼
2023 · 82.4%
Debt ≤ 1 year
€38,753▼
2023 · €38,971
Income taxes
€25,877▲
2023 · €14,201
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €216 | €1,550 | €1,942 | €1,744 | ▼ 10.2% |
| Other operating charges640/8 | €2,034 | €894 | €1,678 | €1,812 | ▲ 8.0% |
| Gross operating margin9900 | €7,044 | €8,562 | €49,723 | €93,201 | ▲ 87.4% |
| Operating profit (loss)9901 | €4,794 | €6,118 | €46,104 | €89,646 | ▲ 94.4% |
| Financial income75/76B | - | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | - | - |
| Financial charges65/66B | €927 | €203 | €1,712 | €1,373 | ▼ 19.8% |
| Recurring financial charges65 | €927 | €203 | €1,712 | €1,373 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | €3,867 | €5,915 | €44,392 | €88,273 | ▲ 98.8% |
| Income taxes67/77 | €2,950 | €2,962 | €14,201 | €25,877 | ▲ 82.2% |
| Profit (loss) for the period9904 | €917 | €2,953 | €30,191 | €62,395 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €917 | €2,953 | €30,191 | €62,395 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €48,308 | €48,483 | €75,633 | €136,977 | ▲ 81.1% |
| Fixed assets21/28 | €4,288 | €4,060 | €2,119 | €1,440 | ▼ 32.0% |
| Tangible fixed assets22/27 | €4,288 | €4,060 | €2,119 | €1,440 | ▼ 32.0% |
| Furniture and vehicles24 | €4,288 | €4,060 | €2,119 | €1,440 | ▼ 32.0% |
| Current assets29/58 | €44,019 | €44,423 | €73,514 | €135,537 | ▲ 84.4% |
| Amounts receivable within one year40/41 | €9,142 | €12,232 | €21,550 | €43,196 | ▲ 100% |
| Trade receivables40 | €8,470 | €10,975 | €17,295 | €43,136 | ▲ 149% |
| Other amounts receivable41 | €672 | €1,256 | €4,255 | €60 | ▼ 98.6% |
| Cash at bank and in hand54/58 | €33,996 | €22,643 | €51,964 | €91,447 | ▲ 76.0% |
| Deferred charges and accrued income490/1 | €882 | €9,548 | €0 | €894 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €48,308 | €48,483 | €75,633 | €136,977 | ▲ 81.1% |
| Equity10/15 | €5,117 | €7,271 | €36,662 | €98,224 | ▲ 168% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | €5,000 | - | - | - | - |
| Share premium1100/10 | €5,000 | - | - | - | - |
| Reserves13 | - | €2,153 | €31,662 | €93,224 | ▲ 194% |
| Distributable reserves133 | - | €2,153 | €31,662 | €93,224 | ▲ 194% |
| Profit (loss) carried forward14 | €117 | €117 | €0 | €0 | - |
| Amounts payable17/49 | €43,190 | €41,212 | €38,971 | €38,753 | ▼ 0.6% |
| Amounts payable within one year42/48 | €43,190 | €41,212 | €38,971 | €38,753 | ▼ 0.6% |
| Trade debts44 | €5,726 | €2,951 | €2,526 | €3,335 | ▲ 32.1% |
| Suppliers440/4 | €5,726 | €2,951 | €2,526 | €3,335 | ▲ 32.1% |
| Taxes, remuneration and social security45 | €6,981 | €7,168 | €10,294 | €11,905 | ▲ 15.6% |
| Taxes450/3 | €6,981 | €7,168 | €10,294 | €11,905 | ▲ 15.6% |
| Other amounts payable47/48 | €30,483 | €31,094 | €26,151 | €23,513 | ▼ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €917 | €2,953 | €30,191 | €62,395 | ▲ 107% |
| + Depreciation and write-downs630 | €216 | €1,550 | €1,942 | €1,744 | ▼ 10.2% |
| Operating cash flow (approximation) | €1,133 | €4,503 | €32,133 | €64,139 | ▲ 99.6% |
| Investment in fixed assets (approximation) | - | -€1,321 | €0 | -€1,065 | - |
| Change in cash | - | -€11,353 | €29,321 | €39,483 | ▲ 34.7% |
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
2026
30-03
State Gazette act
General meeting · Board meeting
Director resignation · Director discharge
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €62,395 ▲107%
Operating result €89,646, net result €62,395, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2020
Ground area
226 m²
Building footprint
110 m²
Volume, LiDAR
608 m³
Parcel 31008I0328/00_000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MACAO NP BV
since 20202.301.681.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31008I0328/00_000 | Flanders | 226 m² | 1 · 110 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 14,850 EUR awarded · 14,651 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,800 EUR | 1,601 EUR |
| 2023 | 1 | 6,525 EUR | 6,525 EUR |
| 2022 | 1 | 6,525 EUR | 6,525 EUR |
Similar companies · same sector, comparable size
JST-Welding
BE 0784.517.588
Oudsbergen · Eq €98,231
SPECULA
BE 0777.707.297
Pelt · Eq €98,215
Excwell
BE 0658.909.023
Zottegem · Eq €98,234
SWIM
BE 0690.544.186
Retie · Eq €98,242
VITA
BE 0447.121.005
Westerlo · Eq €98,200
Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,296 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746667101
Also
9925:BE0746667101
Registered
27-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.