Financials
- Fiscal year
- 2025
- Total assets
- €148,159
- Profit
- €9,386
- Solvency
- 44.7%
Total assets▲ 33.3%
Net result
20182025
MACAR
ActiveSummary
MACAR has been active since 1994 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €66,284 and a net result of €9,386. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 2204 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Other specialised construction activities
NACE 43990NACE 43999NACE 45250
1 site
Size
€148,159total assets 2025
- Equity
- €66,284
- Profit
- €9,386
Structure
Accounts filed 27 d late0 of 2 deeds read
Why 88- Sector Specialised construction activities (NACE 43)- Ex-officio strike-off in the KBO+ Liquidity: current ratio 3.56, cash €33,564+ Founded in 1994Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 58% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
70-6
equity 44.7% of total assets
Liquidity
70-1
short-term debt 23.8% · cash 22.7%
Profitability
77-23
return on assets 6.3%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 4 months
07-2026: 0.3%
08-2026: 0.5%▲ +81.1% vs 07-2026highest value
09-2026: 0.2%▼ -55.2% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 3.56, cash €33,564 lowers the probability
- Founded in 1994 lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- Ex-officio strike-off in the KBO raises the probability
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.56 against 1.9 in 2024; short-term debt: 23.8% and cash: 22.7% of total assets), but 55.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 48%, liquidity 68%, profitability 53%, growth against the median 64%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €66,284
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
1 d late
2023
13 d early
2022
59 d late
2021
31 d late
2020
3 d early
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Checked, nothing found (1)
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. Usually files around 27 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €42,738 ▲741%
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 27-08-2026Annual accounts filed
- 01-08-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 22-12-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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