MACAREL
ActiveMACAREL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.29M and a net result of €1.12M. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 15.97 against 10.69 in 2024), and 3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97%
Return on assets
25.3%
Age of the figures
11 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-04-2026, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
27 d early
2024
5 d early
2023
6 d late
2022
1 d early
2021
11 d early
2020
17 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4.29M▲ 21.6%
2024 · €3.53M
2018: €660k
2019: €855k
2020: €1.22M
2021: €1.61M
2022: €2.22M
2023: €2.75M
2024: €3.53M
2018 → 2025
Total assets
€4.42M▲ 21.3%
2024 · €3.65M
2018: €765k
2019: €954k
2020: €1.44M
2021: €1.87M
2022: €2.44M
2023: €2.89M
2024: €3.65M
2018 → 2025
Net result
€1.12M▲ 43.2%
2024 · €781k
2018: €161k
2019: €195k
2020: €369k
2021: €388k
2022: €608k
2023: €962k
2024: €781k
2018 → 2025
Working capital
€2.00M▲ 74.3%
2024 · €1.15M
2018: €376k
2019: €572k
2020: €853k
2021: €1.15M
2022: €649k
2023: €525k
2024: €1.15M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.61M-€2.22M▲ 37.7%€2.75M▲ 23.7%€3.53M▲ 28.5%€4.29M▲ 21.6%
Operating result€502k-€773k▲ 54.0%€1.32M▲ 71.0%€1.20M▼ 8.9%€1.63M▲ 35.2%
Net result€388k-€608k▲ 56.7%€962k▲ 58.2%€781k▼ 18.8%€1.12M▲ 43.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.42M
Fixed assets
€2.29M▼ 3.7%
Current assets
€2.13M▲ 68.6%
Equity and liabilities €4.42M
Equity
€4.29M▲ 21.6%
Debt
€133k▲ 12.8%
The debt ratio falls from 3.2% to 3.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.74M▲
2024 · €1.33M
Cash flow
€1.23M▲
2024 · €908k
Solvency
97.0%▲
2024 · 96.8%
Current ratio
15.97▲
2024 · 10.69
Quick ratio
15.52▲
2024 · 9.96
Debt / equity
0.03▼
2024 · 0.03
ROE
26.1%▲
2024 · 22.2%
ROA
25.3%▲
2024 · 21.4%
Interest coverage
82.67▲
2024 · 44.83
Debt
€133k▲
2024 · €118k
Debt ≤ 1 year
€133k▲
2024 · €118k
Income taxes
€511k▲
2024 · €400k
Staff costs
€10k▲
2024 · €1k
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€3.65M€4.42M▲
Fixed assets21/28€2.38M€2.29M▼
Tangible fixed assets22/27€2.38M€2.29M▼
Land and buildings22€2.33M€2.25M▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€44k€31k▼
Financial fixed assets28€116€150▲
Current assets29/58€1.26M€2.13M▲
Stocks and contracts in progress3€86k€60k▼
Stocks30/36€86k€60k▼
Amounts receivable within one year40/41€6k€1k▼
Trade receivables40€1k-
Other amounts receivable41€5k€1k▼
Current investments50/53-€942k
Cash at bank and in hand54/58€1.16M€1.12M▼
Deferred charges and accrued income490/1€13k€7k▼
Equity and liabilities
Total equity and liabilities10/49€3.65M€4.42M▲
Equity10/15€3.53M€4.29M▲
Contributions10/11€6k€6k=
Reserves13€3.47M€4.23M▲
Tax-exempt reserves132€1.01M€1.02M▲
Distributable reserves133€2.46M€3.21M▲
Profit (loss) carried forward14€54k€54k=
Amounts payable17/49€118k€133k▲
Amounts payable within one year42/48€118k€133k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€3k€64k▲
Taxes450/3-€59k
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€110k€63k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127k€112k▼
Other operating charges640/8€3k€10k▲
Non-recurring operating charges66A€13-
Gross operating margin9900€1.33M€1.76M▲
Operating profit (loss)9901€1.20M€1.63M▲
Financial income75/76B€7k€23k▲
Recurring financial income75€7k€23k▲
Financial charges65/66B€30k€21k▼
Recurring financial charges65€30k€21k▼
Profit (loss) for the period before taxes9903€1.18M€1.63M▲
Income taxes67/77€400k€511k▲
Profit (loss) for the period9904€781k€1.12M▲
Transfer from tax-exempt reserves789€185k€286k▲
Transfer to tax-exempt reserves689€189k€295k▲
Profit (loss) for the period to be appropriated9905€777k€1.11M▲
Appropriation of the result
Profit (loss) to be appropriated9906€831k€1.16M▲
Profit (loss) brought forward from the previous period14P€54k€54k=
Transfer from equity791/2-€356k
Transfer to equity691/2€777k€1.11M▲
To other reserves6921€777k€1.11M▲
Profit to be distributed694/7-€356k
Return on contributions (dividend)694-€356k
The notes to these accounts (8 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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €1.12M ▲43.2%
Operating result €1.63M, net result €1.12M, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 10.69
Current ratio from 4.72 to 10.69; short-term debt falls from €141k to €118k.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €2MEq €2.22M ▲37.7%
5 profitable years in a row build equity to €2.22M.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €1MEq €1.22M ▲43.1%
3 profitable years in a row build equity to €1.22M.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
BRIBOSIA Christophe
CurrentDirector · since 05-02-2024
05-02-2024
Appointed as Director
Location & real-estate footprint
Registered office, Ramillies · 1 establishment unit since 2003
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.
Rue de l'Abyme 51367 RamilliesGround area
3,291 m²
Building footprint
203 m²
Volume, LiDAR
1,618 m³
2 parcels, Brussels, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Graaf de Ferrarisgaarde 13, 1150 Sint-Pieters-Woluwe
since 20032.131.808.392
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25009B0311/00D000 | Wallonia | 2,627 m² | 1 · 108 m² | 12.1 m · 2 fl. |
| 21683D0276/00P000 | Brussels | 663 m² | 1 · 94 m² | 11.3 m · 3 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.
Similar companies · same sector, comparable size
KREATOS INVEST
BE 0464.695.128
Antwerpen · Eq €4.29M
YVON LAMBERT
BE 0837.308.849
Erezée · Eq €4.29M
CHRISTITIA
BE 0810.320.677
Sint-Pieters-Woluwe · Eq €4.29M
V.W.I.
BE 0873.021.576
Lummen · Eq €4.29M
ASSETCO
BE 0713.470.830
Charleroi · Eq €4.28M
Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 12,474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2003
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.