MACAPO
ActiveThe computed 12-month bankruptcy probability of MACAPO is 5.2% (elevated). The 2025 annual accounts show negative equity (€-21k) and a net result of €-21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 13270 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
18
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-25
Solvency0▼-24
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.53 in 2024; short-term debt: 133.5% and cash: 26% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-33.5%
Return on assets
-33%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-21k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 7 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
30 d late
2022
28 d late
2021
31 d late
2020
30 d late
2019
31 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-21k▼ 6,224%
2024 · €-334
2019: €723
2020: €-23k
2021: €3k
2022: €5k
2023: €3k
2024: €-334
2019 → 2025
Total assets
€63k▲ 15.0%
2024 · €55k
2019: €50k
2020: €50k
2021: €51k
2022: €41k
2023: €64k
2024: €55k
2019 → 2025
Net result
€-21k▼ 543%
2024 · €-3k
2019: €-19k
2020: €-24k
2021: €27k
2022: €2k
2023: €-2k
2024: €-3k
2019 → 2025
Working capital
€-47k▼ 91.1%
2024 · €-25k
2019: €-39k
2020: €-54k
2021: €-11k
2022: €-12k
2023: €-27k
2024: €-25k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€5k▲ 44.8%€3k▼ 41.6%€-334€-21k▼ 6,224%
Operating result€28k-€4k▼ 87.1%€707▼ 80.7%€28▼ 96.1%€-17k
Net result€27k-€2k▼ 94.2%€-2k€-3k▼ 56.5%€-21k▼ 543%
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 €17k after €28 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€26k▼ 7.1%
Current assets
€37k▲ 37.6%
Key figures and ratios
EBITDA
€-9k▼
2024 · €7k
Cash flow
€-12k▼
2024 · €4k
Solvency
-33.5%▼
2024 · -0.6%
Current ratio
0.44▼
2024 · 0.53
Quick ratio
0.36▼
2024 · 0.39
Debt / equity
-3.99
ROA
-33.0%▼
2024 · -5.9%
Interest coverage
-2.34▼
2024 · 1.65
Debt
€84k▲
2024 · €55k
Debt ≤ 1 year
€84k▲
2024 · €52k
Staff costs
€89k▼
2024 · €98k
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€55k€63k▲
Fixed assets21/28€28k€26k▼
Tangible fixed assets22/27€28k€26k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€8k€10k▲
Other tangible fixed assets26€18k€14k▼
Current assets29/58€27k€37k▲
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€11k€7k▼
Other amounts receivable41€759€2k▲
Cash at bank and in hand54/58€7k€16k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€55k€63k▲
Equity10/15€-334€-21k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-20k€-41k▼
Amounts payable17/49€55k€84k▲
Amounts payable within one year42/48€52k€84k▲
Trade debts44€38k€63k▲
Suppliers440/4€38k€63k▲
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€410€213▼
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€1k€10k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€98k€89k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€112k€84k▼
Operating profit (loss)9901€28€-17k▼
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-3k€-21k▼
Profit (loss) for the period9904€-3k€-21k▼
Profit (loss) for the period to be appropriated9905€-3k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-41k▼
Profit (loss) brought forward from the previous period14P€-17k€-20k▼
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2018
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.
Paul Dejaerlaan 201060 Sint-Gillis (bij-Brussel)Ground area
9,239 m²
Building footprint
467 m²
Volume, LiDAR
6,134 m³
2 parcels, Brussels · tallest building 27.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
L'amère à boire
since 20182.275.128.961
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0271/00A000 | Brussels | 9,080 m² | 1 · 339 m² | 13.5 m · 4 fl. |
| 21013B0417/00G014 | Brussels | 159 m² | 1 · 128 m² | 27.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.275.128.961
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MDDS
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LE RONDEAU
BE 0744.997.414
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Genk · Eq €3k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 2,151 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-03-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.