MaCAQ
ActiveSummary
MaCAQ has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €991,659 and a net result of €913,827, of which €931,600 non-recurring income. Its solvency ranks better than 87% of 39,121 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €991,659
- Profit
- €913,827
Why 97lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 5.69, cash €718,109Size: total assets €1.1mFigures for financial year 2025 (filed 06-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 86% on solvency, 93% on liquidity, 23% on profitability and 99% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 18 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €913,827
- Liquidity times 8current ratio 5.69
Financials · financial year 2025, micro format
2025 annual accounts filed late (6 days) Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00398753.
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €16,844 in 2025 against €24,625 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,127 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97.2% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,127 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,166 | €12,251 | ▲ 98.7% |
| Other operating charges640/8 | €4,361 | €1,007 | ▼ 76.9% |
| Gross operating margin9900 | -€14,099 | -€3,585 | ▲ 74.6% |
| Operating profit (loss)9901 | -€24,625 | -€16,844 | ▲ 31.6% |
| Financial income75/76B | €2,960 | €931,600 | ▲ 315× |
| Recurring financial income75 | €2,960 | €931,600 | ▲ 315× |
| Non-recurring financial income76B | - | €931,600 | - |
| Financial charges65/66B | €41 | €60 | ▲ 47.0% |
| Recurring financial charges65 | €41 | €60 | ▲ 47.0% |
| Profit (loss) for the period before taxes9903 | -€21,705 | €914,696 | - |
| Income taxes67/77 | €462 | €869 | ▲ 87.8% |
| Profit (loss) for the period9904 | -€22,168 | €913,827 | - |
| Profit (loss) for the period to be appropriated9905 | -€22,168 | €913,827 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.3m | €1.1m | ▲ 238% |
| Fixed assets21/28 | €0.2m | €0.4m | ▲ 160% |
| Tangible fixed assets22/27 | €0.05m | €0.04m | ▼ 17.1% |
| Furniture and vehicles24 | €0.05m | €0.04m | ▼ 17.1% |
| Financial fixed assets28 | €0.1m | €0.4m | ▲ 252% |
| Current assets29/58 | €0.2m | €0.7m | ▲ 303% |
| Amounts receivable within one year40/41 | €0.07m | €0.006m | ▼ 92.2% |
| Trade receivables40 | €0.07m | €222 | ▼ 99.7% |
| Other amounts receivable41 | €175 | €0.005m | ▲ 31× |
| Cash at bank and in hand54/58 | €0.1m | €0.7m | ▲ 579% |
| Deferred charges and accrued income490/1 | €0.002m | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.3m | €1.1m | ▲ 238% |
| Equity10/15 | €0.08m | €1.0m | ▲ 13× |
| Contributions10/11 | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.02m | €0.9m | - |
| Amounts payable17/49 | €0.3m | €0.1m | ▼ 49.8% |
| Amounts payable within one year42/48 | €0.3m | €0.1m | ▼ 49.8% |
| Trade debts44 | €0.07m | €0.008m | ▼ 89.8% |
| Suppliers440/4 | €0.07m | €0.008m | ▼ 89.8% |
| Taxes, remuneration and social security45 | €0.001m | €0.001m | ▲ 145% |
| Taxes450/3 | €0.001m | €0.001m | ▲ 145% |
| Other amounts payable47/48 | €0.2m | €0.1m | ▼ 34.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€22,168 | €913,827 | - |
| + Depreciation and write-downs630 | €6,166 | €12,251 | ▲ 98.7% |
| Operating cash flow (approximation) | -€16,002 | €926,079 | - |
| Investment in fixed assets (approximation) | - | -€255,666 | - |
| Change in cash | - | €612,384 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00398753 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00471916 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| QUERTON Augustin |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- Equity -€144,141Result -€162,74150%
- Equity -€546,270Result -€280,36438.61%
- Equity -€58,571Result -€101,61031.8%
According to the 2025 annual accounts of MaCAQ and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-09
Gazette deed
IncorporationAppointment: QUERTON Augustin Marie Michel Martin Francisco (director) · Founder · Founding capital6 facts ▸
- Incorporation, 06-09-2023
- Founder, QUERTON Augustin Marie Michel Martin Francisco
- Founding capital, €100,000
- Director appointment, QUERTON Augustin Marie Michel Martin Francisco (director (not named in the articles))
- Pre-incorporation commitments, “takeover, tous les engagements souscrits par le fondateur au nom de la société en formation” (deed in French)
- Other provision, “dépôt de l'extrait des statuts au greffe du tribunal compétent, personnalité morale” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 91048A0030/00S000 | Wallonia | 3,110 m² | 1 · 322 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tout service lié directement ou indirectement à l’organisation, au développement et/ou à la gestion stratégique et/ou opérationnelle des…” (deed in French)
15 activities (deed in French)
- Tout service lié directement ou indirectement à l’organisation, au développement et/ou à la gestion stratégique et/ou opérationnelle des entreprises et organisations ;
- Toutes opérations de consultance, de management, de stratégie, d’expertise et d’assistance aux sociétés, associations et personnes physiques, : dans le domaine de la gestion d’entreprise en matière financière, logistique, ‘retail’, stratégique et commerciale le tout devant être compris au sens large et cette liste étant par ailleurs non limitative ; en matière de ressources humaines au sens large ; en matière d’import-export, de commerce, la production et le développement de tout type de boissons (y compris alcoolisées) ; dans le domaine de l’horeca au sens le plus large ;
- La production, le développement, la vente, l’achat, l’importation et l’exportation, la distribution de cidre et de vin ainsi que la distillation ;
- Tout service de consultance, de management, d’expertise tant dans le domaine agricole que dans le domaine de la sylviculture ;
- L'achat, la vente de toutes valeurs mobilières et plus principalement d'actions, obligations ou titres généralement quelconques, côtés ou non en bourse, et la prise de participation financière dans des sociétés de droit belge ou étrangère ;
- Toutes activités en rapport direct ou indirect avec la restauration, la commercialisation de produits alimentaires et le secteur Horeca en général, l’organisation de banquets et réceptions pour les entreprises et particuliers, y compris l’organisation, la gestion et l’exploitation de restaurants, cafétérias, débits de boissons et toutes opérations d’hôtellerie et B&B, de divertissements et de loisirs ;
- L’organisation d’évènements sportifs au sens large notamment dans les domaines de la chasse, de la pêche, du hiking et du rugby, cette liste étant énumérative et non limitative ;
- La vente, l’achat, l’importation et l’exportation, la distribution de matériel de sport ;
- La promotion d’activités sportives telles que la chasse, la pêche, le hiking et le rugby ;
- L’organisation tant pour les sociétés, associations que les personnes physiques d’expositions, d’ événements culturels ou sportifs, des trainings, formations, ateliers au sens large, des ateliers photo et photographie, réunions, séminaires, workshops, événements usant de supports visuels, sonores et/ou audiovisuels, conférences, soirées, banquets, réceptions, symposia, activités, salons professionnels, conférences, congrès et expositions, tant en ce qui précède, que sur le plan scientifique, politique, technologique, culturel, sportif, culinaire, commercial au sens le plus large, ainsi que la consultance en la matière en Belgique et à l’étranger. Cette liste étant énumérative et non limitative ;
- L'organisation précitée peut être opérée, notamment, en vue de la promotion de l’objet, de l’ entreprise et de la marque ;
- Tout service de prêt, de garantie ou tout autre service pouvant être rendu dans le domaine de l’ immobilier, notamment dans le domaine de la vente, l’achat ou la location de biens immobiliers ;
- L’achat, la vente, le courtage, la commission et la prise de brevets, des marques, de droits d’auteur et de tout droit intellectuel, ainsi que tout conseil en la matière ;
- La prise des participations directes ou indirectes et la détention de ces participations, sous n’ importe quelle forme, dans toutes sociétés ou entreprises belges ou étrangères, ainsi que l’ administration, la gestion et la mise en valeur de ces participations ;
- Ceci inclut, mais n’est pas limité à l’investissement, l’acquisition, la vente, l’octroi ou l’émission de certificats de capital préférentiels, prêts, obligations, reconnaissances de dettes et autres formes de dettes, parts, actions, bons de souscriptions et autres instruments de capital ou droits, incluant sans limitation, des parts/actions de capital/capitaux propres, participations dans des associations, participations dans des sociétés à responsabilité limitée, parts préférentielles, valeurs mobilières et swaps, et toute combinaison de ce qui précède, qu’elles soient facilement réalisable ou non, ainsi que des engagements de sociétés, entités, ou autres personnes juridique de tout type.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, 5370 Havelange,Froidmont,2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “statuts réservent à l'assemblée générale. Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, seuls la direction des affaires sociales” (deed in French)“Exécution au nom et pour compte de la personne morale, mêmes conditions et mêmes responsabilités civiles et pénales que si en nom et pour…” (deed in French)“Chaque administrateur, tous les actes nécessaires ou utiles à l'accomplissement de l'objet” (deed in French)“À titre gratuit ou rémunéré selon décision de l'assemblée générale, administrateur” (deed in French)“Administrateur statutaire, à dater de la décision de l'assemblée générale” (deed in French)“Administrateur non statutaire, majorité simple des voix des actionnaires présents ou représentés” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Répartition des bénéfices et des produits de la liquidation, 120” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs proportionnellement si plusieurs, déduction faite des actions dont la cession est proposée” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 6 June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pouvoirs et émoluments, administrateur ou administrateurs en exercice” (deed in French)